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

Condensed Consolidated Statements of Cash Flows Supplemental Disclosures (USD $)	3 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Cash paid during the period for:
Interest	$ 102,198	$ 464,156
Taxes	24,253	(6,810)
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Stock issued for the conversion of Notes Payable	$ 1,050,000

The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income.

The gross value of stock issued during the period upon the conversion of convertible securities.