Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Dec. 31, 2016	Jun. 30, 2016
Current assets:
Cash and cash equivalents	$ 9,505,383	$ 11,557,527
Accounts receivable, net of allowance of $495,760 and $492,498	5,840,490	9,691,229
Accounts receivable, net - related party	4,303,380	5,691,178
Revenues in excess of billings	17,646,488	10,493,096
Revenues in excess of billings - related party	469,030	804,168
Other current assets	2,904,650	2,214,628
Total current assets	40,669,421	40,451,826
Restricted cash	90,000	90,000
Property and equipment, net	21,873,277	22,774,435
Other assets	2,054,938	842,553
Intangible assets, net	18,423,439	19,674,033
Goodwill	9,516,568	9,516,568
Total assets	92,627,643	93,349,415
Current liabilities:
Accounts payable and accrued expenses	7,373,097	5,962,770
Current portion of loans and obligations under capitalized leases	4,368,930	4,440,084
Unearned revenues	2,806,804	4,739,214
Common stock to be issued	88,324	88,324
Total current liabilities	14,637,155	15,230,392
Long term loans and obligations under capitalized leases; less current maturities	501,554	477,692
Total liabilities	15,138,709	15,708,084
Commitments and contingencies
Stockholders' equity:
Preferred stock, $.01 par value; 500,000 shares authorized;
Common stock, $.01 par value; 14,500,000 shares authorized; 10,993,054 shares issued and 10,958,275 outstanding as of December 31, 2016 and10,713,372 shares issued and 10,686,093 outstanding as of June 30, 2016	109,931	107,134
Additional paid-in-capital	123,019,215	121,448,946
Treasury stock (34,779 shares and 27,279 shares)	(454,310)	(415,425)
Accumulated deficit	(40,074,755)	(37,323,360)
Stock subscription receivable	(450,220)	(783,172)
Other comprehensive loss	(18,628,395)	(18,730,494)
Total NetSol stockholders' equity	63,521,466	64,303,629
Non-controlling interest	13,967,468	13,337,702
Total stockholders' equity	77,488,934	77,641,331
Total liabilities and stockholders' equity	$ 92,627,643	$ 93,349,415