Company: NTWK
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0001493152-25-006348
Chunk: 38

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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 AS COMPENSATION 

    # Number of shares  
    Weighted Average Grant Date Fair Value ($) 
  
    Unvested, June 30, 2024 
     -  
    $- 
  
    Granted 
     29,124  
    $2.73 
  
    Vested 
     (29,124) 
    $2.73 
  
    Unvested, December 31, 2024 
     -  
    $- 

For the
three and six months ended December 31, 2024, the Company recorded compensation expense of $39,750 and $79,500, respectively. For the
three and six months ended December 31, 2023, the Company recorded compensation expense of $39,750 and $88,550, respectively. The weighted
average grant date fair value is determined by the Company’s closing stock price on the grant date.

    Page 26

NETSOL
TECHNOLOGIES, INC. 

Notes
to Condensed Consolidated Financial Statements 

December
31, 2024 

(Unaudited)

NOTE 14 – INCENTIVE
AND NON-STATUTORY STOCK OPTION PLAN

Common stock purchase options
consisted of the following:

SCHEDULE
OF COMMON STOCK PURCHASE OPTIONS 

    OPTIONS: 

    # of shares  
    Weighted Average Exercise Price  
    Weighted Average Remaining Contractual Life (in years)  
    Aggregated Intrinsic Value 

    Outstanding and exercisable, June 30, 2024 
     250,000  
    $2.15  
     0.50  

    Granted 
     -  
     -  
     -  
     - 
  
    Exercised 
     (200,000) 
     2.15  
     -  
     - 
  
    Expired / Cancelled 
     -  
     -  
     -  
     - 
  
    Outstanding and exercisable, December 31, 2024 
     50,000  
    $2.15  
     0.003  
    $23,500 

The aggregate
intrinsic value at December 31, 2024 represents the difference between the Company’s closing stock price of $2.62 on December 31,
202