Quarterly report pursuant to Section 13 or 15(d)

Note 12 - Debt (Details)

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Note 12 - Debt (Details)
 3 Months Ended 3 Months Ended 1 Months Ended 3 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended 3 Months Ended 3 Months Ended
Sep. 30, 2013
USD ($)
Sep. 30, 2012
USD ($)
Feb. 28, 2012
Standby Letters of Credit [Member]
HSBC [Member]
USD ($)
Sep. 30, 2013
D&O And E&O Liability Insurance [Member]
Jun. 30, 2013
D&O And E&O Liability Insurance [Member]
Sep. 30, 2013
NTNA [Member]
Habib Bank Line Of Credit [Member]
USD ($)
Sep. 30, 2012
NTNA [Member]
Habib Bank Line Of Credit [Member]
USD ($)
Jun. 30, 2012
NTNA [Member]
Habib Bank Line Of Credit [Member]
USD ($)
Oct. 31, 2011
NTE [Member]
HSBC Loan [Member]
USD ($)
Oct. 31, 2011
NTE [Member]
HSBC Loan [Member]
GBP (£)
Sep. 30, 2013
NTE [Member]
HSBC Loan [Member]
USD ($)
Sep. 30, 2012
NTE [Member]
HSBC Loan [Member]
USD ($)
Jun. 30, 2013
NTE [Member]
HSBC Loan [Member]
USD ($)
Sep. 30, 2013
NTE [Member]
Overdraft Facility [Member]
USD ($)
Sep. 30, 2012
NTE [Member]
Overdraft Facility [Member]
USD ($)
Sep. 30, 2013
NTE [Member]
Overdraft Facility [Member]
Jun. 30, 2013
NTE [Member]
Overdraft Facility [Member]
Jun. 30, 2008
NTE [Member]
Overdraft Facility [Member]
USD ($)
Jun. 30, 2008
NTE [Member]
Overdraft Facility [Member]
GBP (£)
Sep. 30, 2013
NetSol PK [Member]
Term Finance Facility [Member]
USD ($)
Sep. 30, 2012
NetSol PK [Member]
Term Finance Facility [Member]
USD ($)
Sep. 30, 2013
NetSol PK [Member]
Term Finance Facility [Member]
PKR
Jun. 30, 2013
NetSol PK [Member]
Term Finance Facility [Member]
USD ($)
Jun. 30, 2013
NetSol PK [Member]
Term Finance Facility [Member]
PKR
Sep. 30, 2012
NetSol PK [Member]
Term Finance Facility [Member]
PKR
Sep. 30, 2013
NetSol PK [Member]
USD ($)
Sep. 30, 2012
NetSol PK [Member]
USD ($)
Jun. 30, 2013
NetSol PK [Member]
USD ($)
Feb. 28, 2012
HSBC [Member]
USD ($)
Sep. 30, 2013
Habib Bank Line Of Credit [Member]
USD ($)
Jun. 30, 2013
Habib Bank Line Of Credit [Member]
USD ($)
Sep. 30, 2013
HSBC Loan [Member]
USD ($)
Jun. 30, 2013
HSBC Loan [Member]
USD ($)
Sep. 30, 2013
Term Finance Facility [Member]
USD ($)
Jun. 30, 2013
Term Finance Facility [Member]
USD ($)
Note 12 - Debt (Details) [Line Items]                                                                      
Line of Credit Facility, Interest Rate at Period End       0.40% 0.40% 1.90%                                               1.50% 1.50%        
Line of Credit Facility, Maximum Borrowing Capacity               $ 500,000 $ 1,614,300 £ 1,000,000                     $ 1,054,655       112,500,000                    
Interest Expense, Debt 18,980 18,621       7,296 3,772       18,849 21,665   22,442 18,524         22,123 37,202         44,100 57,406                
Line of Credit Facility, Amount Outstanding     90,000                   1,047,015                                            
Loans Pledged as Collateral                                                         90,000            
Long-term Line of Credit (in Pounds)                     1,032,253             484,290 300,000                     2,211,822 [1] 1,785,237 [1] 1,032,253 [2] 1,047,014 [2] 703,103 [3] 867,195 [3]
Long-term Line of Credit                     1,032,253             484,290 300,000                     2,211,822 [1] 1,785,237 [1] 1,032,253 [2] 1,047,014 [2] 703,103 [3] 867,195 [3]
Debt Instrument, Basis Spread on Variable Rate                 3.50% 3.50%       4.25%           2.75%                              
Line of Credit Facility, Interest Rate During Period                 4.00% 4.00%           4.75% 5.20%                                    
Business Acquisition, Percentage of Voting Interests Acquired                 51.00% 51.00%                                                  
                5 years 5 years                                                  
Line of Credit Facility, Periodic Payment (in Pounds)                 29,735 18,420                                                  
Line of Credit Facility, Periodic Payment                 29,735 18,420                                                  
Long-term Line of Credit, Noncurrent                     710,983   710,675             351,551     371,655                        
Line of Credit, Current                     321,270   336,339             351,552     495,540             2,211,822 [1] 1,785,237 [1] 321,270 [2] 336,339 [2] 351,552 [3] 495,540 [3]
Debt Instrument, Collateral Amount (in Rupees)                                         5,440,000       580,000,000                    
Debt Instrument, Collateral Amount                                         5,440,000       580,000,000                    
Line of Credit Facility, Current Borrowing Capacity (in Rupees)                                       703,103   75,000,000 867,195 87,500,000                      
Line of Credit Facility, Current Borrowing Capacity                                       703,103   75,000,000 867,195 87,500,000                      
Loans Payable to Bank                                                   $ 1,874,941   $ 1,982,161              
Debt Instrument, Interest Rate at Period End                                                   9.40%   9.40%              
[1] In April 2008, the Company entered into an agreement with Habib American Bank to secure a line of credit to be collateralized by Certificates of Deposit held at the bank. The interest rate on this line of credit is variable and was 1.5% as of September 30, 2013 and June 30, 2013, respectively. In June 2012, the Company's subsidiary, NTNA entered into an agreement with Habib American Bank to secure a line of credit up to $500,000 to be collateralized by Certificates of Deposit of same value held at the bank. The interest rate on this line of credit is variable and was 1.90% as of September 30, 2013 and June 30, 2013, respectively. Interest expense during the three months ended September 30, 2013 and 2012 was $7,296 and $3,772, respectively.
[2] In October 2011, the Company's subsidiary, NTE, entered into a loan agreement with HSBC Bank to finance the acquisition of 51% of controlling interest in Virtual Leasing Services Limited. HSBC Bank guaranteed the loan up to a limit of 1,000,000, or approximately $1,614,300 for a period of 5 years with monthly payments of 18,420, or approximately $29,735. The interest rate was 4% which is 3.5% above the bank sterling base rate. The loan is securitized against debenture comprising of fixed and floating charges over all the assets and undertakings of NTE including all present and future freehold and leasehold property, book and other debts, chattels, goodwill and uncalled capital, both present and future. As of June 30, 2013, the subsidiary has used this facility up to $1,047,015, of which $710,675, was shown as long term and the remaining $336,339, as current maturity. As of September 30, 2013, the subsidiary has used this facility up to $1,032,253, of which $710,983, was shown as long term and the remaining $321,270, as current maturity. Interest expense, for the three months ended September 30, 2013 and 2012, was $18,849, and $21,665, respectively.
[3] The Company's subsidiary, NetSol PK, entered into two different term finance facilities from Askari Bank to finance the construction of a new building. The total aggregate amount of these facilities is Rs. 112,500,000 or approximately $1,054,655(secured by the first charge of Rs. 580 million or approximately $5.44 million over the land, building and equipment of the company). The interest rate is 2.75% above the six-month Karachi Inter Bank Offering Rate. As of the year ended June 30, 2013, the Company has used a total of Rs.87,500,000 or approximately $867,195 of which $371,655 is shown as long term liabilities and the remainder of $495,540 as current maturity. As of September 30, 2013, the company has used a total of Rs.75,000,000, or approximately $703,103, of which $351,551, is shown as long term liabilities and the remainder of $351,552, as current maturity. Interest expense during the three months ended September 30, 2013 and 2012 was $22,123 and $37,202, respectively.