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

Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Other Current Assets

Note 7 - Other Current Assets

9 Months Ended

Mar. 31, 2013

Other Assets Disclosure [Text Block]

NOTE 7 - OTHER CURRENT ASSETS

Other current assets consisted of the following:

		As of March 31 2013				As of June 30 2012

Prepaid Expenses		$	827,574			$	596,180
Advance Income Tax			820,437				763,147
Employee Advances			38,966				24,026
Security Deposits			179,493				178,428
Tender Money Receivable			101,178				111,437
Other Receivables			339,257				511,466
Other Assets			394,257				463,618
Due From Related Party			62,333				-
Total		$	2,763,495			$	2,648,302

Due from related party as of March 31, 2013 is receivable from Atheeb NetSol Saudi Company Limited.