MAJOR CUSTOMERS |
6 Months Ended |
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Dec. 31, 2023 | |
| Risks and Uncertainties [Abstract] | |
| MAJOR CUSTOMERS |
NOTE 6 – MAJOR CUSTOMERS
During the three and six months ended December 31, 2023, revenues from Daimler Financial Services (“DFS”) were $3,945,061 and $7,632,692, representing 25.9% of revenues. During the three and six months ended December 31, 2022, revenues from Daimler Financial Services (“DFS”) were $3,478,077 and $7,069,884, representing 28.1% and 39.5% of revenues. The revenues from DFS are shown in the Asia – Pacific segment.
Accounts receivable from DFS at December 31, 2023 and June 30, 2023, were $1,014,503 and $4,368,881, respectively. Revenues in excess of billings at December 31, 2023 and June 30, 2023, were $2,497,783 and $1,961,750, respectively.
NETSOL TECHNOLOGIES, INC. Notes to Condensed Consolidated Financial Statements December 31, 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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