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STOCKHOLDERS’ EQUITY | 3 Months Ended
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Sep. 30, 2023
Equity [Abstract] |
STOCKHOLDERS’ EQUITY | NOTE 14 - STOCKHOLDERS’ EQUITY During the three months ended September 30, 2023, the Company issued 21,963 shares of common stock for services rendered by the independent members of the Board of Directors as part of their board compensation. These shares were valued at the fair market value of $39,750. During the three months ended September 30, 2023, the Company issued 5,000 shares of common stock for services rendered by the employees of the company as part of their compensation. These shares were valued at the fair market value of $9,050. Stock Grants The following table summarizes stock grants awarded as compensation: SUMMARY OF UNVESTED STOCK GRANTS AWARDED AS COMPENSATION
|  | # Number of shares |  |  | Weighted Average Grant Date Fair Value ($) |
Unvested, June 30, 2023 |  |  | - |  |  | $ | - |
Granted |  |  | 26,963 |  |  | $ | 1.81 |
Vested |  |  | (26,963 | ) |  | $ | 1.81 |
Unvested, September 30, 2023 |  |  | - |  |  | $ | - |
For the three months ended September 30, 2023 and 2022, the Company recorded compensation expense of $48,800 and $39,750, respectively. The weighted average grant date fair value is determined by the Company’s closing stock price on the grant date. NETSOL TECHNOLOGIES, INC. Notes to Condensed Consolidated Financial Statements September 30, 2023 (Unaudited)

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