NETSOL Technologies, Inc. Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

3 Months Ended

Sep. 30, 2019

The Company’s assets that were measured at fair value on a recurring basis as of September 30, 2019, were as follows:

	Level 1		Level 2		Level 3		Total Assets
Revenues in excess of billing - long term	$	-	$	-	$	1,246,660	$	1,246,660
Total	$	-	$	-	$	1,246,660	$	1,246,660

The Company’s financial assets that were measured at fair value on a recurring basis as of June 30, 2019, were as follows:

	Level 1		Level 2		Level 3		Total Assets
Revenues in excess of billing - long term	$	-	$	-	$	1,281,492	$	1,281,492
Total	$	-	$	-	$	1,281,492	$	1,281,492

The reconciliation from June 30, 2019 to September 30, 2019 is as follows:

	Revenues in excess of billing - long term			Fair value discount			Total
Balance at June 30, 2019	$	1,380,631		$	(99,139	)	$	1,281,492
Amortization during the period		-			13,860			13,860
Effect of Translation Adjustment		(52,208	)		3,516			(48,692	)
Balance at September 30, 2019	$	1,328,423		$	(81,763	)	$	1,246,660