Quarterly report pursuant to Section 13 or 15(d)

Accounting Policies - Schedule of New Accounting Pronouncements and Changes in Accounting Principles (Details)

v3.10.0.1
Accounting Policies - Schedule of New Accounting Pronouncements and Changes in Accounting Principles (Details) - USD ($)
 3 Months Ended 6 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Dec. 31, 2017
Sep. 30, 2017
Dec. 31, 2018
Dec. 31, 2017
Jul. 02, 2018
Jun. 30, 2018
Jun. 30, 2017
Cash and cash equivalents $ 20,320,804       $ 20,320,804   $ 22,088,853 $ 22,088,853  
Accounts receivable, net of allowance 7,852,296       7,852,296   12,775,461 12,775,461  
Accounts receivable, net - related party 2,944,290       2,944,290   3,374,272 3,374,272  
Revenues in excess of billings 13,832,654       13,832,654   6,956,966 14,285,778  
Revenues in excess of billings - related party 62,323       62,323    
Convertible note receivable - related party 3,156,500       3,156,500   2,123,500 2,123,500  
Other current assets 4,092,921       4,092,921   2,703,032 2,703,032  
Total current assets 52,261,788       52,261,788   50,022,084 57,350,896  
Revenues in excess of billings, net - long term         1,206,669  
Property and equipment, net 14,005,541       14,005,541   16,165,491 16,165,491  
Long term investment 2,689,005       2,689,005   3,217,162 3,217,162  
Other assets 35,470       35,470   70,299 70,299  
Intangible assets, net 9,637,010       9,637,010   12,247,196 12,247,196  
Goodwill 9,516,568       9,516,568   9,516,568 9,516,568  
Total assets 88,145,382       88,145,382   91,238,800 99,774,281  
Accounts payable and accrued expenses 7,468,984       7,468,984   7,873,809 7,873,809  
Current portion of loans and obligations under capitalized leases 7,627,426       7,627,426   8,595,919 8,595,919  
Unearned revenues 4,705,302       4,705,302   6,167,755 5,949,581  
Common stock to be issued 88,324       88,324   88,324 88,324  
Total current liabilities 19,890,036       19,890,036   22,725,807 22,507,633  
Loans and obligations under capitalized leases; less current maturities 345,473       345,473   330,596 330,596  
Total liabilities 20,235,509       20,235,509   23,056,403 22,838,229  
Commitments and contingencies          
Preferred stock, value          
Common stock, value 118,603       118,603   117,085 117,085  
Additional paid-in-capital 127,398,738       127,398,738   126,479,147 126,479,147  
Treasury stock, value (1,205,024)       (1,205,024)   (1,205,024) (1,205,024)  
Accumulated deficit (39,972,079)       (39,972,079)   (43,790,297) (37,994,502)  
Stock subscription receivable (221,000)       (221,000)   (221,000) (221,000)  
Other comprehensive loss (28,446,811)       (28,446,811)   (24,386,071) (24,386,071)  
Total NetSol stockholders' equity 57,672,427       57,672,427   56,993,840 62,789,635  
Non-controlling interest 10,237,446       10,237,446   11,188,557 14,146,417  
Total stockholders' equity 67,909,873 $ 69,448,646 $ 76,422,386 $ 77,287,574 67,909,873 $ 76,422,386 68,182,397 76,936,052 $ 78,193,553
Total liabilities and stockholders' equity 88,145,382       88,145,382   $ 91,238,800 99,774,281  
Total net revenues 17,002,627   14,446,435   33,399,172 27,265,211      
Salaries and consultants 4,497,054   5,362,092   9,517,616 10,826,252      
Travel 1,706,182   287,901   2,858,179 801,013      
Depreciation and amortization 880,048   1,168,103   1,817,652 2,341,216      
Other 1,060,772   939,986   2,109,096 1,796,568      
Total cost of revenues 8,144,056   7,758,082   16,302,543 15,765,049      
Gross profit 8,858,571   6,688,353   17,096,629 11,500,162      
Selling and marketing 2,048,303   1,932,140   3,749,629 3,643,436      
Depreciation and amortization 193,779   222,785   406,011 468,658      
General and administrative 4,002,059   4,026,706   8,408,779 7,814,264      
Research and development cost 424,652   189,891   742,807 374,976      
Total operating expenses 6,668,793   6,371,522   13,307,226 12,301,334      
Income from operations 2,189,778   316,831   3,789,403 (801,172)      
Gain (loss) on sale of assets (3,504)   (8,939)   48,790 (16,069)      
Interest expense (63,804)   (109,675)   (163,238) (227,746)      
Interest income 230,421   115,570   479,385 252,481      
Gain on foreign currency exchange transactions 2,536,755   1,737,967   2,547,667 2,754,329      
Share of net loss from equity investment (298,293)   (203,336)   (597,984) (270,898)      
Other income 4,503   14,511   9,882 15,610      
Total other income (expenses) 2,406,078   1,546,098   2,324,502 2,507,707      
Net income before income taxes 4,595,856   1,862,929   6,113,905 1,706,535      
Income tax provision (264,872)   (200,927)   (501,786) (225,798)      
Net income 4,330,984 1,281,135 1,662,002 (181,265) 5,612,119 1,480,737      
Non-controlling interest (1,475,355)   (1,027,581)   (1,793,901) (1,215,814)      
Net income (loss) attributable to NetSol $ 2,855,629   $ 634,421   $ 3,818,218 $ 264,923      
Net income (loss) per common share Basic $ 0.25   $ 0.06   $ 0.33 $ 0.02      
Net income (loss) per common share Diluted $ 0.25   $ 0.06   $ 0.33 $ 0.02      
Weighted average number of shares outstanding Basic 11,586,507   11,159,075   11,542,877 11,115,346      
Weighted average number of shares outstanding Diluted 11,592,193   11,171,543   11,548,563 11,127,814      
Depreciation and amortization         $ 2,223,663 $ 2,809,874      
Share of net loss from investment under equity method         597,984 270,898      
Stock based compensation $ 437,695   $ 405,721   869,743 833,530      
Accounts receivable         4,208,751 (13,231,059)      
Accounts receivable - related party         (219,538) (1,637,829)      
Revenues in excess of billing         (7,633,216) 602,676      
Revenues in excess of billing - related party         (91,279) (32,308)      
Other current assets         (1,409,746) (524,547)      
Accounts payable and accrued expenses         139,331 887,824      
Unearned revenue         (1,094,375) 6,469,146      
Net cash provided by operating activities         3,154,647 (2,054,989)      
Purchases of property and equipment         (1,441,237) (543,123)      
Sales of property and equipment         519,645 193,241      
Convertible note receivable - related party         (1,033,000) (500,000)      
Net cash used in investing activities         (1,954,592) (899,882)      
Proceeds from the exercise of stock options and warrants         65,000 215,311      
Proceeds from exercise of subsidiary options         2,650 7,755      
Dividend paid by subsidiary to non-controlling interest         (566,465) (417,853)      
Proceeds from bank loans         382,240 708,457      
Payments on capital lease obligations and loans - net         (289,027) (361,814)      
Net cash used in financing activities         (405,602) (449,164)      
Effect of exchange rate changes         (2,562,502) (764,269)      
Net increase in cash and cash equivalents         (1,768,049) (4,168,304)      
Cash and cash equivalents at beginning of the period   22,088,853   $ 14,172,954 22,088,853 14,172,954      
Cash and cash equivalents at end of period 20,320,804   $ 10,004,650   20,320,804 $ 10,004,650      
License Fees [Member]                  
Total net revenues 4,817,569       10,773,682        
Maintenance Fees [Member]                  
Total net revenues 3,534,693       7,173,020        
Services [Member]                  
Total net revenues 8,237,334       14,655,968        
Maintenance Fees - Related Party [Member]                  
Total net revenues 127,030       228,379        
Services - Related Party [Member]                  
Total net revenues 286,001       568,123        
Adjustments [Member]                  
Revenues in excess of billings 8,426,401       8,426,401     (7,328,812)  
Total current assets 8,426,401       8,426,401     (7,328,812)  
Revenues in excess of billings, net - long term 1,356,637       1,356,637     (1,206,669)  
Total assets 9,783,038       9,783,038     (8,535,481)  
Unearned revenues (217,410)       (217,410)     218,174  
Total current liabilities (217,410)       (217,410)     218,174  
Total liabilities (217,410)       (217,410)     218,174  
Commitments and contingencies            
Preferred stock, value            
Accumulated deficit 6,621,172       6,621,172     (5,795,795)  
Total NetSol stockholders' equity 6,621,172       6,621,172     (5,795,795)  
Non-controlling interest 3,379,276       3,379,276     (2,957,860)  
Total stockholders' equity 10,000,448       10,000,448     (8,753,655)  
Total liabilities and stockholders' equity 9,783,038       9,783,038     $ (8,535,481)  
Total net revenues 210,879       357,356        
Salaries and consultants                
Travel                
Depreciation and amortization                
Other                
Total cost of revenues              
Gross profit 210,879       357,356        
Selling and marketing                
Depreciation and amortization                
General and administrative                
Research and development cost                
Total operating expenses              
Income from operations 210,879       357,356        
Gain (loss) on sale of assets                
Interest expense                
Interest income 74,985       149,968        
Gain on foreign currency exchange transactions 685,766       739,469        
Share of net loss from equity investment                
Other income                
Total other income (expenses) 760,751       889,437        
Net income before income taxes 971,630       1,246,793        
Income tax provision                
Net income 971,630       1,246,793        
Non-controlling interest (328,411)       (421,416)        
Net income (loss) attributable to NetSol $ 643,219       $ 825,377        
Net income (loss) per common share Basic $ 0.05       $ 0.07        
Net income (loss) per common share Diluted $ 0.05       $ 0.07        
Weighted average number of shares outstanding Basic 11,586,507       11,542,877        
Weighted average number of shares outstanding Diluted 11,592,193       11,548,563        
Revenues in excess of billing         $ (1,247,557)        
Unearned revenue         764        
Net cash provided by operating activities                
Net cash used in investing activities                
Net cash used in financing activities                
Net increase in cash and cash equivalents                
Cash and cash equivalents at end of period              
Adjustments [Member] | License Fees [Member]                  
Total net revenues              
Adjustments [Member] | Maintenance Fees [Member]                  
Total net revenues 210,879       357,356        
Adjustments [Member] | Services [Member]                  
Total net revenues              
Adjustments [Member] | Maintenance Fees - Related Party [Member]                  
Total net revenues              
Adjustments [Member] | Services - Related Party [Member]                  
Total net revenues              
Balances under Prior GAAP [Member]                  
Cash and cash equivalents 20,320,804       20,320,804        
Accounts receivable, net of allowance 7,852,296       7,852,296        
Accounts receivable, net - related party 2,944,290       2,944,290        
Revenues in excess of billings 22,259,055       22,259,055        
Revenues in excess of billings - related party 62,323       62,323        
Convertible note receivable - related party 3,156,500       3,156,500        
Other current assets 4,092,921       4,092,921        
Total current assets 60,688,189       60,688,189        
Revenues in excess of billings, net - long term 1,356,637       1,356,637        
Property and equipment, net 14,005,541       14,005,541        
Long term investment 2,689,005       2,689,005        
Other assets 35,470       35,470        
Intangible assets, net 9,637,010       9,637,010        
Goodwill 9,516,568       9,516,568        
Total assets 97,928,420       97,928,420        
Accounts payable and accrued expenses 7,468,984       7,468,984        
Current portion of loans and obligations under capitalized leases 7,627,426       7,627,426        
Unearned revenues 4,487,892       4,487,892        
Common stock to be issued 88,324       88,324        
Total current liabilities 19,672,626       19,672,626        
Loans and obligations under capitalized leases; less current maturities 345,473       345,473        
Total liabilities 20,018,099       20,018,099        
Commitments and contingencies              
Preferred stock, value              
Common stock, value 118,603       118,603        
Additional paid-in-capital 127,398,738       127,398,738        
Treasury stock, value 1,205,024       1,205,024        
Accumulated deficit (33,350,907)       (33,350,907)        
Stock subscription receivable (221,000)       (221,000)        
Other comprehensive loss (28,446,811)       (28,446,811)        
Total NetSol stockholders' equity 64,293,599       64,293,599        
Non-controlling interest 13,616,722       13,616,722        
Total stockholders' equity 77,910,321       77,910,321        
Total liabilities and stockholders' equity 97,928,420       97,928,420        
Total net revenues 17,213,506       33,756,528        
Salaries and consultants 4,497,054       9,517,616        
Travel 1,706,182       2,858,179        
Depreciation and amortization 880,048       1,817,652        
Other 1,060,772       2,109,096        
Total cost of revenues 8,144,056       16,302,543        
Gross profit 9,069,450       17,453,985        
Selling and marketing 2,048,303       3,749,629        
Depreciation and amortization 193,779       406,011        
General and administrative 4,002,059       8,408,779        
Research and development cost 424,652       742,807        
Total operating expenses 6,668,793       13,307,226        
Income from operations 2,400,657       4,146,759        
Gain (loss) on sale of assets (3,504)       48,790        
Interest expense (63,804)       (163,238)        
Interest income 305,406       629,353        
Gain on foreign currency exchange transactions 3,222,521       3,287,136        
Share of net loss from equity investment (298,293)       (597,984)        
Other income 4,503       9,882        
Total other income (expenses) 3,166,829       3,213,939        
Net income before income taxes 5,567,486       7,360,698        
Income tax provision (264,872)       (501,786)        
Net income 5,302,614       6,858,912        
Non-controlling interest (1,803,766)       (2,215,317)        
Net income (loss) attributable to NetSol $ 3,498,848       $ 4,643,595        
Net income (loss) per common share Basic $ 0.30       $ 0.40        
Net income (loss) per common share Diluted $ 0.30       $ 0.40        
Weighted average number of shares outstanding Basic 11,586,507       11,542,877        
Weighted average number of shares outstanding Diluted 11,592,193       11,548,563        
Depreciation and amortization         $ 2,223,663        
Share of net loss from investment under equity method         597,984        
Stock based compensation         869,743        
Accounts receivable         4,208,751        
Accounts receivable - related party         (219,538)        
Revenues in excess of billing         (8,880,773)        
Revenues in excess of billing - related party         (91,279)        
Other current assets         (1,409,746)        
Accounts payable and accrued expenses         139,331        
Unearned revenue         (1,093,611)        
Net cash provided by operating activities         3,154,647        
Purchases of property and equipment         (1,441,237)        
Sales of property and equipment         519,645        
Convertible note receivable - related party         (1,033,000)        
Net cash used in investing activities         (1,954,592)        
Proceeds from the exercise of stock options and warrants         65,000        
Proceeds from exercise of subsidiary options         2,650        
Dividend paid by subsidiary to non-controlling interest         (566,465)        
Proceeds from bank loans         382,240        
Payments on capital lease obligations and loans - net         (289,027)        
Net cash used in financing activities         (405,602)        
Effect of exchange rate changes         (2,562,502)        
Net increase in cash and cash equivalents         (1,768,049)        
Cash and cash equivalents at beginning of the period   $ 22,088,853     22,088,853        
Cash and cash equivalents at end of period $ 20,320,804       20,320,804        
Balances under Prior GAAP [Member] | License Fees [Member]                  
Total net revenues 4,817,569       10,773,682        
Balances under Prior GAAP [Member] | Maintenance Fees [Member]                  
Total net revenues 3,745,572       7,530,376        
Balances under Prior GAAP [Member] | Services [Member]                  
Total net revenues 8,237,334       14,655,968        
Balances under Prior GAAP [Member] | Maintenance Fees - Related Party [Member]                  
Total net revenues 127,030       228,379        
Balances under Prior GAAP [Member] | Services - Related Party [Member]                  
Total net revenues $ 286,001       $ 568,123