Quarterly report pursuant to Section 13 or 15(d)

SHARE BASED PAYMENTS

v3.21.2
SHARE BASED PAYMENTS
3 Months Ended
Sep. 30, 2021
Share-based Payment Arrangement [Abstract]  
SHARE BASED PAYMENTS

NOTE 17 – SHARE BASED PAYMENTS

 

The following table summarizes stock grants awarded as compensation:

 

    # of shares     Weighted Average Grant Date Fair Value ($)  
Unvested, June 30, 2021     6,985     $ 5.75  
Granted     -     $ -  
Vested     (1,985 )   $ 6.05  
Forfeited / Cancelled     -     $ -  
Unvested, September 30, 2021     5,000     $ 5.69  

 

For the three months ended September 30, 2021 and 2020, the Company recorded compensation expense of $3,003 and $90,617, respectively. The compensation expense related to the unvested stock grants as of September 30, 2021 was $28,450 which will be recognized during the fiscal year 2022.

 

 

NETSOL TECHNOLOGIES, INC.

Notes to Condensed Consolidated Financial Statements

September 30, 2021

(Unaudited)