Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Dec. 31, 2020	Jun. 30, 2020
Current assets:
Cash and cash equivalents	$ 32,003,647	$ 20,166,830
Accounts receivable, net of allowance of $308,236 and $435,611	5,213,604	10,131,752
Accounts receivable - related party, net of allowance of $1,373,099 and $90,594		1,282,505
Revenues in excess of billings, net of allowance of $153,650 and $188,914	13,290,010	17,198,281
Revenues in excess of billings - related party, net of allowance of $8,163 and $0		8,163
Other current assets, net of allowance of $1,243,633 and $0	2,395,985	3,108,180
Total current assets	52,903,246	51,895,711
Revenues in excess of billings, net - long term	356,059	1,300,289
Convertible note receivable - related party, net of allowance of $4,250,000 and $0		4,250,000
Property and equipment, net	12,209,500	11,329,631
Right of use of assets - operating leases	1,937,907	2,360,129
Long term investment	3,734,907	2,387,692
Other assets	47,190	41,992
Intangible assets, net	4,753,543	5,391,077
Goodwill	9,516,568	9,516,568
Total assets	85,458,920	88,473,089
Current liabilities:
Accounts payable and accrued expenses	6,327,192	5,680,837
Current portion of loans and obligations under finance leases	10,383,572	9,139,561
Current portion of operating lease obligations	1,169,960	1,111,912
Unearned revenues	3,753,781	4,095,472
Common stock to be issued	88,324	88,324
Total current liabilities	21,722,829	20,116,106
Loans and obligations under finance leases; less current maturities	1,554,317	1,539,975
Operating lease obligations; less current maturities	962,724	1,339,965
Total liabilities	24,239,870	22,996,046
Commitments and contingencies
Stockholders' equity:
Preferred stock, $.01 par value; 500,000 shares authorized;
Common stock, $.01 par value; 14,500,000 shares authorized; 12,147,458 shares issued and 11,452,959 outstanding as of December 31, 2020 and 12,122,149 shares issued and 11,874,646 outstanding as of June 30, 2020	121,476	121,222
Additional paid-in-capital	128,823,181	128,677,754
Treasury stock (at cost, 694,499 shares and 247,503 shares as of December 31, 2020 and June 30, 2020, respectively)	(2,848,640)	(1,455,969)
Accumulated deficit	(40,104,089)	(34,269,817)
Other comprehensive loss	(32,060,151)	(34,085,047)
Total NetSol stockholders' equity	53,931,777	58,988,143
Non-controlling interest	7,287,273	6,488,900
Total stockholders' equity	61,219,050	65,477,043
Total liabilities and stockholders' equity	$ 85,458,920	$ 88,473,089