NETSOL Technologies, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 7 - Other Current Assets

Note 7 - Other Current Assets

12 Months Ended

Jun. 30, 2011

Other Assets Disclosure [Text Block]

NOTE 7 – OTHER CURRENT ASSETS

Other current assets consisted of the following:

		As of June 30				As of June 30
		2012				2011

Prepaid Expenses		$	596,180			$	245,194
Advance Income Tax			763,147				726,979
Employee Advances			24,026				53,404
Security Deposits			178,428				161,263
Tender Money Receivable			111,437				133,166
Other Receivables			505,746				535,597
Other Assets			469,338				198,301
Total		$	2,648,302			$	2,053,904