MAJOR CUSTOMERS |
3 Months Ended |
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Sep. 30, 2023 | |
| Risks and Uncertainties [Abstract] | |
| MAJOR CUSTOMERS |
NOTE 6 – MAJOR CUSTOMERS
During the three months ended September 30, 2023, revenues from Daimler Financial Services (“DFS”) were $3,687,631, representing 25.9% of revenues. During the three months ended September 30, 2022, revenues from Daimler Financial Services (“DFS”) were $3,591,807, representing 28.3% of revenues. The revenues from DFS are shown in the Asia – Pacific segment.
Accounts receivable from DFS at September 30, 2023 and June 30, 2023, were $999,337 and $4,368,881, respectively. Revenues in excess of billings at September 30, 2023 and June 30, 2023, were $1,229,485 and $1,961,750, respectively.
NETSOL TECHNOLOGIES, INC. Notes to Condensed Consolidated Financial Statements September 30, 2023 (Unaudited) |
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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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