Quarterly report pursuant to Section 13 or 15(d)

Other Current Assets

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Other Current Assets
 6 Months Ended
Dec. 31, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Current Assets

NOTE 6 – OTHER CURRENT ASSETS

 

Other current assets consisted of the following:

 

    As of
December 31, 2014		     As of
June 30, 2014		  
Prepaid Expenses   $ 622,431     $ 450,451  
Advance Income Tax     944,796       918,300  
Employee Advances     61,864       46,730  
Security Deposits     144,850       189,905  
Tender Money Receivable     63,076       81,420  
Other Receivables     280,143       645,397  
Other Assets     368,548       430,508  
Due From Related Party  (1)   78,408       95,168  
Total   $ 2,564,116     $ 2,857,879  

 

(1) Due from related party as of December 31, 2014 and June 30, 2014 is a receivable from Atheeb NetSol Saudi Company Limited.