Consolidated Balance Sheets - USD ($)	Jun. 30, 2020	Jun. 30, 2019
Current assets:
Cash and cash equivalents	$ 20,166,830	$ 17,366,364
Accounts receivable, net of allowance of $435,611 and $192,786	10,131,752	12,332,714
Accounts receivable, net of allowance of $90,594 and $166,075 - related party	1,282,505	3,266,600
Revenues in excess of billings, net of allowance of $188,914 and $194,684	17,198,281	14,719,047
Revenues in excess of billings - related party	8,163	110,827
Other current assets	3,108,180	3,146,264
Total current assets	51,895,711	50,941,816
Revenues in excess of billings, net - long term	1,300,289	1,281,492
Convertible note receivable - related party	4,250,000	3,650,000
Property and equipment, net	11,329,631	12,096,855
Right of use of assets - operating leases	2,360,129
Long term investment	2,387,692	2,653,769
Other assets	41,992	23,569
Intangible assets, net	5,391,077	7,332,950
Goodwill	9,516,568	9,516,568
Total assets	88,473,089	87,497,019
Current liabilities:
Accounts payable and accrued expenses	5,680,837	7,476,560
Current portion of loans and obligations under finance leases	9,139,561	6,905,597
Current portion of operating lease obligations	1,111,912
Unearned revenues	4,095,472	5,977,736
Common stock to be issued	88,324	88,324
Total current liabilities	20,116,106	20,448,217
Loans and obligations under finance leases; less current maturities	1,539,975	564,572
Operating lease obligations; less current maturities	1,339,965
Total liabilities	22,996,046	21,012,789
Commitments and contingencies
Stockholders' equity:
Preferred stock, $.01 par value; 500,000 shares authorized;
Common stock, $.01 par value; 14,500,000 shares authorized; 12,122,149 shares issued and 11,874,646 outstanding as of June 30, 2020 and 11,911,742 shares issued and 11,664,239 outstanding as of June 30, 2019	121,222	119,117
Additional paid-in-capital	128,677,754	127,737,999
Treasury stock (at cost, 247,503 shares as of June 30, 2020 and 2019)	(1,455,969)	(1,455,969)
Accumulated deficit	(34,269,817)	(35,206,898)
Other comprehensive loss	(34,085,047)	(33,125,006)
Total NetSol stockholders' equity	58,988,143	58,069,243
Non-controlling interest	6,488,900	8,414,987
Total stockholders' equity	65,477,043	66,484,230
Total liabilities and stockholders' equity	$ 88,473,089	$ 87,497,019