MAJOR CUSTOMERS |
9 Months Ended |
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Mar. 31, 2024 | |
| Risks and Uncertainties [Abstract] | |
| MAJOR CUSTOMERS |
NOTE 6 – MAJOR CUSTOMERS
During the three and nine months ended March 31, 2024, revenues from Daimler Financial Services (“DFS”) were $4,207,409 and $11,840,101, representing 27.2% and 26.3% of revenues, respectively. During the three and nine months ended March 31, 2023, revenues from Daimler Financial Services (“DFS”) were $3,754,752 and $10,824,636, representing 27.8% and 28.0% of revenues. The revenues from DFS are shown in the Asia – Pacific segment.
Accounts receivable from DFS at March 31, 2024 and June 30, 2023, were $7,379,879 and $4,368,881, respectively. Revenues in excess of billings at March 31, 2024 and June 30, 2023, were $2,275,426 and $1,961,750, respectively.
NETSOL TECHNOLOGIES, INC. Notes to Condensed Consolidated Financial Statements March 31, 2024 (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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