Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.3.1.900
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2015
Jun. 30, 2015
Current assets:    
Cash and cash equivalents $ 13,986,773 $ 14,168,957
Restricted cash 90,000 90,000
Accounts receivable, net of allowance of $487,937 and $524,565 6,025,334 6,480,344
Accounts receivable, net - related party 5,749,523 3,491,899
Revenues in excess of billings 5,061,568 5,267,275
Other current assets 2,671,613 2,012,190
Total current assets 33,584,811 31,510,665
Property and equipment, net 23,251,920 25,119,634
Intangible assets, net 20,877,711 22,815,467
Goodwill 9,516,568 9,516,568
Total assets 87,231,010 88,962,334
Current liabilities:    
Accounts payable and accrued expenses 5,907,103 5,952,561
Current portion of loans and obligations under capitalized leases 3,767,193 3,896,353
Unearned revenues 3,546,819 4,897,327
Common stock to be issued 88,324 88,324
Total current liabilities 13,309,439 14,834,565
Long term loans and obligations under capitalized leases; less current maturities 273,109 487,492
Total liabilities $ 13,582,548 $ 15,322,057
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $.01 par value; 500,000 shares authorized;
Common stock, $.01 par value; 14,500,000 shares authorized; 10,418,350 shares issued and 10,391,071 outstanding as of December 31, 2015 and 10,307,826 shares issued and 10,280,547 outstanding as of June 30, 2015 $ 104,184 $ 103,078
Additional paid-in-capital 119,890,798 119,209,807
Treasury stock (27,279 shares) (415,425) (415,425)
Accumulated deficit (40,262,084) (40,726,121)
Stock subscription receivable (1,139,672) (1,204,603)
Other comprehensive loss (18,546,296) (17,167,100)
Total NetSol stockholders' equity 59,631,505 59,799,636
Non-controlling interest 14,016,957 13,840,641
Total stockholders' equity 73,648,462 73,640,277
Total liabilities and stockholders' equity $ 87,231,010 $ 88,962,334