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

Note 4 - Other Comprehensive Income & Foreign Currency	3 Months Ended
Note 4 - Other Comprehensive Income & Foreign Currency	Sep. 30, 2013
Other Comprehensive Income And Foreign Currency [Abstract]
Other Comprehensive Income And Foreign Currency	NOTE 4 – OTHER COMPREHENSIVE INCOME AND FOREIGN CURRENCY: The accounts of NTE, VLSH and VLS use the British Pound; VLSIL uses the Euro; NetSol PK, Connect, and NetSol Innovation use Pakistan Rupees; NTPK Thailand uses Thai Baht; Abraxas uses the Australian dollar; and NetSol Beijing uses Chinese Yuan as the functional currencies. NetSol Technologies, Inc., and its subsidiaries, NTA and Vroozi, use the U.S. dollar as the functional currency. Assets and liabilities are translated at the exchange rate on the balance sheet date, and operating results are translated at the average exchange rate throughout the period. Accumulated translation losses classified as an item of accumulated other comprehensive loss in the stockholders’ equity section of the consolidated balance sheet were $17,916,294 and $15,714,112 as of September 30, 2013 and June 30, 2013 respectively. During the three months ended September 30, 2013 and 2012, comprehensive loss in the consolidated statements of operations included translation loss of $2,202,182 and $536,239, respectively.