Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Other Current Assets

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Note 7 - Other Current Assets
 6 Months Ended
Dec. 31, 2012
Other Assets Disclosure [Text Block]
NOTE 7 - OTHER CURRENT ASSETS

Other current assets consisted of the following:

   
As of December 31
2012
   
As of June 30
2012
 
             
 Prepaid Expenses
  $ 444,394     $ 596,180  
 Advance Income Tax
    787,884       763,147  
 Employee Advances
    34,408       24,026  
 Security Deposits
    186,944       178,428  
 Tender Money Receivable
    98,823       111,437  
 Other Receivables
    316,554       511,466  
 Other Assets
    178,057       463,618  
 Due From Related Party
    71,170       -  
     Total
  $ 2,118,234     $ 2,648,302  

Due from related party as of December 31, 2012 is receivable from Atheeb NetSol Saudi Company Limited.