Annual report pursuant to Section 13 and 15(d)
Cover
Document And Entity Information
Financial Statements
Consolidated Balance Sheets
Consolidated Balance Sheets (Parentheticals)
Consolidated Statements of Operations
Consolidated Statements of Equity
Consolidated Statement of Cash Flows
Consolidated Statements of Cash Flows Supplemental Disclosures
Notes to Financial Statements
Note 1 - Organization and Description of Business
Note 2 - Summary of Significant Accounting Policies
Note 3 - Acquisition
Note 4 - Earnings Per Share
Note 5 Other Comprehensive Income & Foreign Currency
Note 6 - Major Customers
Note 7 - Other Current Assets
Note 8 - Property And Equipment
Note 9 - Intangible Assets
Note 10 - Goodwill
Note 11 - Investment Under Equity Method
Note 12 - Accounts Payable and Accrued Expenses
Note 13 - Debt
Note 14 - Other Payable and Common Stoce To Be Issued
Note 15 - Convertible Note Payable
Note 16 - Income Taxes
Note 17 - Stockholders' Equity
Note 18 - Incentive And Non-Statutory Stock Option Plan
Note 19 - Commitments and Contingencies
Note 20 - Segment Information And Geographic Areas
Note 21 - Non-Controlling Interest In Subsidiary
Note 22 - Subsequent Events
Accounting Policies
Accounting Policies, by Policy (Policies)
Notes Tables
Note 2 - Summary of Significant Accounting Policies (Tables)
Note 3 - Acquisition (Tables)
Note 4 - Earnings Per Share (Tables)
Note 7 - Other Current Assets (Tables)
Note 8 - Property And Equipment (Tables)
Note 9 - Intangible Assets (Tables)
Note 10 - Goodwill (Tables)
Note 11 - Investment Under Equity Method (Tables)
Note 12 - Accounts Payable and Accrued Expenses (Tables)
Note 13 - Debt (Tables)
Note 15 - Convertible Note Payable (Tables)
Note 16 - Income Taxes (Tables)
Note 18 - Incentive And Non-Statutory Stock Option Plan (Tables)
Note 19 - Commitments and Contingencies (Tables)
Note 20 - Segment Information And Geographic Areas (Tables)
Note 21 - Non-Controlling Interest In Subsidiary (Tables)
Notes Details
Note 2 - Summary of Significant Accounting Policies (Detail)
Note 2 - Summary of Significant Accounting Policies (Detail) - Net revenues by our various products and services provided:
Note 3 - Acquisition (Detail)
Note 3 - Acquisition (Detail) - At the time of acquisition the fair value of assets and liabilities acquired were as follows:
Note 3 - Acquisition (Detail) - The amounts of acquired entities revenue and net income included in the Company’s consolidated statements:
Note 4 - Earnings Per Share (Detail) - The components of basic and diluted earnings per share were as follows:
Note 5 Other Comprehensive Income & Foreign Currency (Detail)
Note 6 - Major Customers (Detail)
Note 7 - Other Current Assets (Detail) - Other current assets consisted of the following:
Note 8 - Property And Equipment (Detail)
Note 8 - Property And Equipment (Detail) - Property and equipment, net, consist of the following:
Note 9 - Intangible Assets (Detail)
Note 9 - Intangible Assets (Detail) - Intangible assets consisted of the following:
Note 9 - Intangible Assets (Detail) - Estimated amortization expense of intangible assets over the next five years is as follows:
Note 10 - Goodwill (Detail)
Note 10 - Goodwill (Detail) - Schedule of goodwill acquired:
Note 11 - Investment Under Equity Method (Detail)
Note 11 - Investment Under Equity Method (Detail) - The Company's investment in equity:
Note 11 - Investment Under Equity Method (Detail) - The Company's investment in equity: (Parentheticals)
Note 12 - Accounts Payable and Accrued Expenses (Detail) - Accounts payable and accrued expenses consisted of the following:
Note 13 - Debt (Detail)
Note 13 - Debt (Detail) - Notes payable consisted of the following:
Note 13 - Debt (Detail) - Summary of minimum future lease payments under capital lease:
Note 13 - Debt (Detail) - Following is a summary of fixed assets held under capital leases:
Note 13 - Debt (Detail) - The Company's subsidiary, NetSol PK, has a loan with a bank:
Note 14 - Other Payable and Common Stoce To Be Issued (Detail)
Note 15 - Convertible Note Payable (Detail)
Note 15 - Convertible Note Payable (Detail) - The net outstanding balance of convertible notes is as follows:
Note 15 - Convertible Note Payable (Detail) - Principle commitments related to the convertible notes for the next five years is as follows:
Note 16 - Income Taxes (Detail)
Note 16 - Income Taxes (Detail) - Consolidated pre-tax income consists of the following:
Note 16 - Income Taxes (Detail) - Summary of the provision for income taxes by component as follows:
Note 16 - Income Taxes (Detail) - A reconciliation of taxes computed at the statutory federal income tax rate to income tax expense (benefit) is as follows:
Note 16 - Income Taxes (Detail) - Deferred income tax assets and liabilities consist of tax effects of temporary differences:
Note 16 - Income Taxes (Detail) - Summary of net deferred tax assets by country:
Note 17 - Stockholders' Equity (Detail)
Note 18 - Incentive And Non-Statutory Stock Option Plan (Detail)
Note 18 - Incentive And Non-Statutory Stock Option Plan (Detail) - Common stock purchase options and warrants consisted of the following:
Note 18 - Incentive And Non-Statutory Stock Option Plan (Detail) - The average life remaining on the options and warrants is as follows:
Note 19 - Commitments and Contingencies (Detail)
Note 19 - Commitments and Contingencies (Detail) - The total annual lease commitment for the next five years is as follows:
Note 20 - Segment Information And Geographic Areas (Detail)
Note 20 - Segment Information And Geographic Areas (Detail) - Schedule of global regions or segments for its products and services
Note 20 - Segment Information And Geographic Areas (Detail) - Summary geographic information for each country compriaing greater than five percent of total revenues:
Note 21 - Non-Controlling Interest In Subsidiary (Detail)
Note 21 - Non-Controlling Interest In Subsidiary (Detail) - Schedule of non-controlling interests in subsidiaries:
Note 22 - Subsequent Events (Detail)
Note 21 - Non-Controlling Interest In Subsidiary (Tables)
v2.4.0.6
Note 21 - Non-Controlling Interest In Subsidiary (Tables)
12 Months Ended
Jun. 30, 2012
Schedule Of Non-Controlling Interests [Table Text Block]
SUBSIDIARY
Non Controlling
Interest %
Non-Controlling
Interest at
June 30, 2012
NetSol PK
39.48
%
$
13,600,492
NetSol-Innovation
49.90
%
1,076,832
VLS
49.00
%
722,096
Total
$
15,399,421
SUBSIDIARY
Non Controlling
Interest %
Non-Controlling
Interest at
June 30, 2011
NetSol PK
39.48
%
$
11,531,694
NetSol-Innovation
49.90
%
968,790
Total
$
12,500,484
X
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