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STOCKHOLDERS’ EQUITY | 9 Months Ended
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Mar. 31, 2024
Equity [Abstract] |
STOCKHOLDERS’ EQUITY | NOTE 14 - STOCKHOLDERS’ EQUITY During the three and nine months ended March 31, 2024, the Company issued 14,352 and 54,384 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 and $119,250, respectively. During the three and nine months ended March 31, 2024, the Company issued nil and 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 $nil and $9,050. NETSOL TECHNOLOGIES, INC. Notes to Condensed Consolidated Financial Statements March 31, 2024 (Unaudited) Stock Grants The following table summarizes stock grants awarded as compensation: SUMMARY OF UNVESTED STOCK GRANTS AWARDED AS COMPENSATION
|  | # Number of shares |  |  | Weighted Average Grant Date Fair Value ($) |
Unvested, June 30, 2022 |  |  | - |  |  | $ | - |
Granted |  |  | 58,317 |  |  | $ | 2.73 |
Vested |  |  | (58,317 | ) |  | $ | 2.73 |
Unvested, June 30, 2023 |  |  | - |  |  | $ | - |
Granted |  |  | 59,384 |  |  | $ | 2.16 |
Vested |  |  | (59,384 | ) |  | $ | 2.16 |
Unvested, March 31, 2024 |  |  | - |  |  | $ | - |
For the three and nine months ended March 31, 2024, the Company recorded compensation expense of $39,750 and $128,300, respectively. For the three and nine months ended March 31, 2023, the Company recorded compensation expense of $39,750 and $119,250, respectively. The weighted average grant date fair value is determined by the Company’s closing stock price on the grant date.

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