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

ACCOUNTING POLICIES (Tables)

9 Months Ended

Mar. 31, 2024

The Company’s financial assets that were measured at fair value on a recurring basis as of March 31, 2024, were as follows:

	Level 1		Level 2		Level 3		Total Assets
Revenues in excess of billings - long term	$	-	$	-	$	752,582	$	752,582
Total	$	-	$	-	$	752,582	$	752,582

The reconciliation from June 30, 2023 to March 31, 2024 is as follows:

	Revenues in excess of billings - long term			Fair value discount			Total
Balance at June 30, 2023	$	-		$	-		$	-
Additions		827,853			(103,958	)		723,895
Amortization during the period		-			30,773			30,773
Effect of Translation Adjustment		(1,404	)		(682	)		(2,086	)
Balance at March 31, 2024	$	826,449		$	(73,867	)	$	752,582