Condensed Consolidated Balance Sheets (Unaudited) (USD $)	Sep. 30, 2011	Jun. 30, 2011
Current assets:
Cash and cash equivalents	$ 3,123,686	$ 4,172,802
Restricted Cash	2,700,000	5,700,000
Accounts receivable, net	13,864,226	15,062,503
Revenues in excess of billings	7,038,291	7,601,230
Other current assets	2,081,864	2,053,904
Total current assets	28,808,066	34,590,439
Property and equipment, net	16,469,748	16,014,461
Intangibles:
Product licenses, renewals, enhancements, copyrights, trademarks, and tradenames, net	26,364,728	25,437,479
Customer lists, net	147,067	164,715
Goodwill	9,439,285	9,439,285
Total intangibles	35,951,080	35,041,480
Total assets	81,228,895	85,646,380
Current liabilities:
Accounts payable and accrued expenses	4,069,230	4,730,027
Current portion of loans and obligations under capitalized leases	4,092,747	7,062,535
Other payables - acquisitions	103,226	103,226
Unearned revenues	2,475,387	2,653,460
Convertible notes payable , current portion		2,745,524
Loans payable, bank	2,269,632	2,319,378
Common stock to be issued	206,625	400,700
Total current liabilities	13,216,848	20,014,850
Obligations under capitalized leases, less current maturities	257,711	285,472
Convertible notes payable less current maturities	3,587,464
Long term loans; less current maturities	425,556	434,884
Total liabilities	17,487,579	20,735,206
Commitments and contingencies
Stockholders' equity:
Common stock, $.001 par value; 95,000,000 shares authorized; 56,076,355 & 55,531,855 issued and outstanding as of September 30, 2011 and June 30, 2011	56,077	55,532
Additional paid-in-capital	98,844,487	97,886,492
Treasury stock	(396,008)	(396,008)
Accumulated deficit	(35,589,651)	(34,130,944)
Stock subscription receivable	(2,031,210)	(2,198,460)
Other comprehensive loss	(9,362,762)	(8,805,922)
Total NetSol shareholders' equity	51,520,932	52,410,690
Non-controlling interest	12,220,383	12,500,484
Total stockholders' equity	63,741,315	64,911,174
Total liabilities and stockholders' equity	$ 81,228,895	$ 85,646,380