Consolidated Balance Sheets - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Current assets:
Cash and cash equivalents	$ 14,168,957	$ 11,462,695
Restricted cash	90,000	2,528,844
Accounts receivable, net of allowance of 524,565 and 1,088,172	6,480,344	5,219,275
Accounts receivable, net - related party	3,491,899	2,416,500
Revenues in excess of billings	5,267,275	2,377,367
Other current assets	2,012,190	2,857,879
Total current assets	31,510,665	26,862,560
Property and equipment, net	25,119,634	29,721,128
Intangible assets, net	22,815,467	28,803,018
Goodwill	9,516,568	9,516,568
Total assets	88,962,334	94,903,274
Current liabilities:
Accounts payable and accrued expenses	5,952,561	5,234,887
Current portion of loans and obligations under capitalized leases	3,896,353	5,791,258
Unearned revenues	4,897,327	3,239,852
Common stock to be issued	88,324	347,518
Total current liabilities	14,834,565	14,613,515
Long term loans and obligations under capitalized leases; less current maturities	487,492	1,532,080
Total liabilities	$ 15,322,057	$ 16,145,595
Commitments and contingencies
Stockholders' equity:
Preferred stock, $.01 par value; 500,000 shares authorized;
Common stock, $.01 par value; 14,500,000 shares authorized; 10,307,826 shares issued and 10,280,547 outstanding as of June 30, 2015 and 9,150,889 shares issued and 9,123,610 outstanding as of June 30, 2014	$ 103,078	$ 91,509
Additional paid-in-capital	119,209,807	115,394,097
Treasury stock (27,279 shares)	(415,425)	(415,425)
Accumulated deficit	(40,726,121)	(35,177,303)
Stock subscription receivable	(1,204,603)	(2,280,488)
Other comprehensive loss	(17,167,100)	(14,979,223)
Total NetSol stockholders' equity	59,799,636	62,633,167
Non-controlling interest	13,840,641	16,124,512
Total stockholders' equity	73,640,277	78,757,679
Total liabilities and stockholders' equity	$ 88,962,334	$ 94,903,274