Quarterly report pursuant to Section 13 or 15(d)

Other Current Assets

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Other Current Assets
 9 Months Ended
Mar. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Current Assets

NOTE 8 - OTHER CURRENT ASSETS

 

Other current assets consisted of the following:

 

    As of     As of  
    March 31, 2018     June 30, 2017  
             
Prepaid Expenses   $ 721,110     $ 597,687  
Advance Income Tax     986,589       1,052,935  
Employee Advances     115,699       128,100  
Security Deposits     89,900       103,255  
Other Receivables     485,112       252,590  
Other Receivables - related party     300,000       -  
Other Assets     406,506       329,319  
Total   $ 3,104,916     $ 2,463,886  

 

During the quarter ended March 31, 2018, NetSol PK advanced $300,000 to WRLD3D, which is recorded as other receivables – related party in other current assets.