XML 35 R24.htm IDEA: XBRL DOCUMENT 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)