MAJOR CUSTOMERS |
12 Months Ended |
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Jun. 30, 2023 | |
| Risks and Uncertainties [Abstract] | |
| MAJOR CUSTOMERS |
NOTE 6 – MAJOR CUSTOMERS
During the year ended June 30, 2023, revenues from Daimler Financial Services (“DFS”) were $14,982,394 representing 28.6% of revenues. During the year ended June 30, 2022, revenues from Daimler Financial Services (“DFS”) were $18,090,059 representing 31.6% of revenues. The revenue from DFS are shown in the Asia – Pacific segment.
Accounts receivable from DFS at June 30, 2023 and 2022 were $4,368,881 and $2,005,463, respectively. Revenues in excess of billings at June 30, 2023 and 2022 were $1,961,750 and $365,863, respectively.
NETSOL TECHNOLOGIES, INC. Notes to Consolidated Financial Statements June 30, 2023 and 2022
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- Definition The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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