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

Quarterly report pursuant to Section 13 or 15(d)

Note 13 - Incentive and Non-Statutory Stock Option Plan

Note 13 - Incentive and Non-Statutory Stock Option Plan

3 Months Ended

Sep. 30, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

NOTE 13 - INCENTIVE AND NON-STATUTORY STOCK OPTION PLAN

Common stock purchase options and warrants consisted of the following:

OPTIONS:
	# of shares		Weighted Ave Exericse Price		Weighted Average Remaining Contractual Life (in years)		Aggregated Intrinsic Value

Outstanding June 30, 2014		757,462	$	6.65		2.2
Granted		-		-
Exercised		-		-
Expired / Cancelled		-		-
Outstanding September 30, 2014		757,462	$	6.65		1.95	$	-
Exercisable, September 30, 2014		382,462	$	9.36		2.17	$	-

WARRANTS:
Outstanding and exercisable, June 30, 2014		163,124	$	7.29		2.2
Granted / adjusted		-		-
Exercised		-		-
Expired		-		-
Outstanding and exercisable, September 30, 2014		163,124	$	7.29		1.96	$	-

The following table summarizes information about stock options and warrants outstanding and exercisable at September 30, 2014.

Exercise Price			Number Outstanding		Weighted Average Remaining Contractual Life		Weighted Ave Exericse Price		Number Exercisable		Weighted Average Remaining Contractual Life		Weighted Ave Exericse Price
OPTIONS:

$0.10	-	$9.90		683,462		1.99	$	4.77		308,462		2.32	$	5.86
$10.00	-	$19.90		14,000		1.37	$	18.18		14,000		1.37	$	18.18
$20.00	-	$29.90		60,000		1.58	$	25.33		60,000		1.58	$	25.33
Totals				757,462		1.95	$	6.65		382,462		2.17	$	9.36

WARRANTS:
$5.00	-	$7.50		163,124		1.96	$	7.29		163,124		1.96	$	7.29
Totals				163,124		1.96	$	7.29		163,124		1.96	$	7.29

The Company recorded compensation expense of $155,622 for the three month period ended September 30, 2014, related to vested options. The compensation expense related to the unvested options as of September 30, 2014 was $466,867 which will be recognized during the fiscal year of 2015.

The following table summarizes stock grants awarded as compensation:

	# of shares			Weighted Average Grant Date Fair Value ($)

Unvested, June 30, 2013		-			-
Granted		337,899		$	5.78
Vested		(105,899	)	$	10.00
Unvested, June 30, 2014		232,000		$	3.88
Granted		92,500		$	2.90
Vested		(82,625	)	$	3.61
Unvested, September 30, 2014		241,875		$	3.60

For the periods ended September 30, 2014 and 2013, the Company recorded compensation expense of $297,923 and $232,012 respectively. The compensation expense related to the unvested stock grants as of September 30, 2014 was $870,848 which will be recognized during the fiscal year of 2015.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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