Quarterly report pursuant to Section 13 or 15(d)

Note 11 - Investment Under Equity Method (Tables)

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Note 11 - Investment Under Equity Method (Tables)
 6 Months Ended
Dec. 31, 2012
Schedule Of Joint Venture [Table Text Block]
Investment during the period
    100,000  
Net loss for the year ended June 30, 2012
    (503,303 )
NetSol's share (50.1%)
    (252,155 )
Unabsorbed losses brought forward
    (51,731 )
Total loss
    (303,886 )
Loss adjusted against investment
    (100,000 )
Loss adjusted against advance to investee
    (200,000 )
Net book value at June 30, 2012
  $ -  
         
Investment during the period
    -  
Net income for the period ended December 31, 2012
    1,099,726  
NetSol's share (50.1%)
    550,963  
Unabsorbed losses brought forward
    (3,657 )
Total income
    547,306  
Income adjusted against investment
    547,306  
Net book value at December 31, 2012
  $ 547,306