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

ACCOUNTING POLICIES (Tables)

9 Months Ended

Mar. 31, 2023

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 March 31, 2023 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		-			28,029			28,029
Transfers to short term		(890,794	)		-			(890,794	)
Effect of Translation Adjustment		8,854			310			9,164
Balance at March 31, 2023	$	-		$	-		$	-