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

ACCOUNTING POLICIES (Tables)

3 Months Ended

Sep. 30, 2022

The Company’s financial assets that were measured at fair value on a recurring basis as of September 30, 2022, were as follows:

	Level 1		Level 2		Level 3		Total Assets
Revenues in excess of billings - long term	$	-	$	-	$	714,458	$	714,458
Total	$	-	$	-	$	714,458	$	714,458

The Company’s financial assets that were measured at fair value on a recurring basis as of June 30, 2022, were as follows:

	Level 1		Level 2		Level 3		Total Assets
Revenues in excess of billings - long term	$	-	$	-	$	853,601	$	853,601
Total	$	-	$	-	$	853,601	$	853,601

The reconciliation from June 30, 2022 to September 30, 2022 is as follows:

	Revenues in excess of billings - long term			Fair value discount			Total
Balance at June 30, 2022	$	881,940		$	(28,339	)	$	853,601
Amortization during the period		-			9,369			9,369
Transfers to short term		(93,245	)		-			(93,245	)
Effect of Translation Adjustment		(55,581	)		314			(55,267	)
Balance at September 30, 2022	$	733,114		$	(18,656	)	$	714,458