Condensed Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2019 |
Dec. 31, 2018 |
|
| Net Revenues: | ||||
| Total net revenues | $ 15,690,019 | $ 17,002,627 | $ 29,262,435 | $ 33,399,172 |
| Cost of revenues: | ||||
| Salaries and consultants | 4,625,872 | 4,497,054 | 9,080,836 | 9,517,616 |
| Travel | 1,572,923 | 1,706,182 | 2,915,558 | 2,858,179 |
| Depreciation and amortization | 734,352 | 880,048 | 1,454,017 | 1,817,652 |
| Other | 954,912 | 1,060,772 | 1,899,436 | 2,109,096 |
| Total cost of revenues | 7,888,059 | 8,144,056 | 15,349,847 | 16,302,543 |
| Gross profit | 7,801,960 | 8,858,571 | 13,912,588 | 17,096,629 |
| Operating expenses: | ||||
| Selling and marketing | 1,858,096 | 2,048,303 | 3,601,964 | 3,749,629 |
| Depreciation and amortization | 215,479 | 193,779 | 417,866 | 406,011 |
| General and administrative | 4,568,790 | 4,002,059 | 8,487,403 | 8,408,779 |
| Research and development cost | 454,605 | 424,652 | 1,127,575 | 742,807 |
| Total operating expenses | 7,096,970 | 6,668,793 | 13,634,808 | 13,307,226 |
| Income from operations | 704,990 | 2,189,778 | 277,780 | 3,789,403 |
| Other income and (expenses) | ||||
| Gain (loss) on sale of assets | 528 | (3,504) | 239 | 48,790 |
| Interest expense | (88,006) | (63,804) | (151,669) | (163,238) |
| Interest income | 435,682 | 230,421 | 834,911 | 479,385 |
| Gain (loss) on foreign currency exchange transactions | 61,061 | 2,536,755 | (1,699,129) | 2,547,667 |
| Share of net loss from equity investment | (164,796) | (298,293) | (354,020) | (597,984) |
| Other income | 207,987 | 4,503 | 226,313 | 9,882 |
| Total other income (expenses) | 452,456 | 2,406,078 | (1,143,355) | 2,324,502 |
| Net income (loss) before income taxes | 1,157,446 | 4,595,856 | (865,575) | 6,113,905 |
| Income tax provision | (610,510) | (264,872) | (848,748) | (501,786) |
| Net income (loss) | 546,936 | 4,330,984 | (1,714,323) | 5,612,119 |
| Non-controlling interest | 39,039 | (1,475,355) | 472,351 | (1,793,901) |
| Net income (loss) attributable to NetSol | $ 585,975 | $ 2,855,629 | $ (1,241,972) | $ 3,818,218 |
| Net income (loss) per share: | ||||
| Basic | $ 0.05 | $ 0.25 | $ (0.11) | $ 0.33 |
| Diluted | $ 0.05 | $ 0.25 | $ (0.11) | $ 0.33 |
| Weighted average number of shares outstanding | ||||
| Basic | 11,724,606 | 11,586,507 | 11,694,423 | 11,542,877 |
| Diluted | 11,724,606 | 11,592,193 | 11,694,423 | 11,548,563 |
| License Fees [Member] | ||||
| Net Revenues: | ||||
| Total net revenues | $ 383,963 | $ 4,817,569 | $ 3,063,108 | $ 10,773,682 |
| Maintenance Fees [Member] | ||||
| Net Revenues: | ||||
| Total net revenues | 4,965,877 | 3,661,723 | 9,357,324 | 7,401,399 |
| Services [Member] | ||||
| Net Revenues: | ||||
| Total net revenues | 10,282,755 | 8,348,843 | 16,701,646 | 14,819,468 |
| Services - Related Party [Member] | ||||
| Net Revenues: | ||||
| Total net revenues | $ 57,424 | $ 174,492 | $ 140,357 | $ 404,623 |
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- Definition Amount of expense for allocation of cost of tangible and intangible assets over their useful lives directly used in production of good and rendering of service. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of net income (loss) reported by an equity method investment of the entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before tax of foreign currency transaction realized and unrealized gain (loss) recognized in the income statement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as other. No definition available.
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Definition Amount of expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for salary and wage arising from service rendered by nonofficer employee. Excludes allocated cost, labor-related nonsalary expense, and direct and overhead labor cost included in cost of good and service sold. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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- Definition Expenses incurred for travel and entertainment during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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