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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
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3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2014
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Dec. 31, 2013
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| Net Revenues: | ||||
| License fees | $ 2,100,715us-gaap_LicensesRevenue | $ 455,616us-gaap_LicensesRevenue | $ 3,685,268us-gaap_LicensesRevenue | $ 2,708,183us-gaap_LicensesRevenue |
| Maintenance fees | 3,329,587us-gaap_MaintenanceRevenue | 2,867,195us-gaap_MaintenanceRevenue | 6,178,228us-gaap_MaintenanceRevenue | 5,247,604us-gaap_MaintenanceRevenue |
| Services | 5,567,826us-gaap_SalesRevenueServicesNet | 3,974,591us-gaap_SalesRevenueServicesNet | 9,965,783us-gaap_SalesRevenueServicesNet | 7,294,814us-gaap_SalesRevenueServicesNet |
| Services - related party | 1,354,476us-gaap_RevenueFromRelatedParties | 1,256,899us-gaap_RevenueFromRelatedParties | 2,750,476us-gaap_RevenueFromRelatedParties | 2,224,442us-gaap_RevenueFromRelatedParties |
| Total net revenues | 12,352,604us-gaap_Revenues | 8,554,301us-gaap_Revenues | 22,579,755us-gaap_Revenues | 17,475,043us-gaap_Revenues |
| Cost of revenues: | ||||
| Salaries and consultants | 4,298,900us-gaap_SalariesAndWages | 3,160,760us-gaap_SalariesAndWages | 8,415,117us-gaap_SalariesAndWages | 6,420,551us-gaap_SalariesAndWages |
| Travel | 590,353us-gaap_TravelAndEntertainmentExpense | 347,670us-gaap_TravelAndEntertainmentExpense | 1,012,224us-gaap_TravelAndEntertainmentExpense | 736,255us-gaap_TravelAndEntertainmentExpense |
| Depreciation and amortization | 1,800,753us-gaap_CostOfServicesDepreciationAndAmortization | 1,120,363us-gaap_CostOfServicesDepreciationAndAmortization | 3,602,320us-gaap_CostOfServicesDepreciationAndAmortization | 2,046,678us-gaap_CostOfServicesDepreciationAndAmortization |
| Other | 662,046us-gaap_OtherExpenses | 1,006,465us-gaap_OtherExpenses | 1,336,909us-gaap_OtherExpenses | 1,695,009us-gaap_OtherExpenses |
| Total cost of revenues | 7,352,052us-gaap_CostOfRevenue | 5,635,258us-gaap_CostOfRevenue | 14,366,570us-gaap_CostOfRevenue | 10,898,493us-gaap_CostOfRevenue |
| Gross profit | 5,000,552us-gaap_GrossProfit | 2,919,043us-gaap_GrossProfit | 8,213,185us-gaap_GrossProfit | 6,576,550us-gaap_GrossProfit |
| Operating expenses: | ||||
| Selling and marketing | 1,574,955us-gaap_SellingAndMarketingExpense | 893,781us-gaap_SellingAndMarketingExpense | 2,707,315us-gaap_SellingAndMarketingExpense | 1,948,922us-gaap_SellingAndMarketingExpense |
| Depreciation and amortization | 438,003us-gaap_DepreciationDepletionAndAmortization | 430,947us-gaap_DepreciationDepletionAndAmortization | 1,018,776us-gaap_DepreciationDepletionAndAmortization | 857,564us-gaap_DepreciationDepletionAndAmortization |
| General and administrative | 3,911,754us-gaap_GeneralAndAdministrativeExpense | 2,997,431us-gaap_GeneralAndAdministrativeExpense | 7,587,510us-gaap_GeneralAndAdministrativeExpense | 6,404,431us-gaap_GeneralAndAdministrativeExpense |
| Research and development cost | 80,437us-gaap_ResearchAndDevelopmentExpense | 55,114us-gaap_ResearchAndDevelopmentExpense | 146,702us-gaap_ResearchAndDevelopmentExpense | 113,802us-gaap_ResearchAndDevelopmentExpense |
| Total operating expenses | 6,005,149us-gaap_OperatingExpenses | 4,377,273us-gaap_OperatingExpenses | 11,460,303us-gaap_OperatingExpenses | 9,324,719us-gaap_OperatingExpenses |
| Loss from operations | (1,004,597)us-gaap_OperatingIncomeLoss | (1,458,230)us-gaap_OperatingIncomeLoss | (3,247,118)us-gaap_OperatingIncomeLoss | (2,748,169)us-gaap_OperatingIncomeLoss |
| Other income and (expenses) | ||||
| Loss on sale of assets | (69,543)us-gaap_GainLossOnDispositionOfAssets1 | (175,237)us-gaap_GainLossOnDispositionOfAssets1 | (80,595)us-gaap_GainLossOnDispositionOfAssets1 | (189,032)us-gaap_GainLossOnDispositionOfAssets1 |
| Interest expense | (47,265)us-gaap_InterestExpense | (92,738)us-gaap_InterestExpense | (120,358)us-gaap_InterestExpense | (161,955)us-gaap_InterestExpense |
| Interest income | 106,078us-gaap_InvestmentIncomeInterest | 39,931us-gaap_InvestmentIncomeInterest | 163,997us-gaap_InvestmentIncomeInterest | 72,785us-gaap_InvestmentIncomeInterest |
| Gain (loss) on foreign currency exchange transactions | (421,082)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax | 96,039us-gaap_ForeignCurrencyTransactionGainLossBeforeTax | (341,862)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax | 1,207,462us-gaap_ForeignCurrencyTransactionGainLossBeforeTax |
| Other income | 18,162us-gaap_OtherNonoperatingIncome | 59us-gaap_OtherNonoperatingIncome | 18,539us-gaap_OtherNonoperatingIncome | 665us-gaap_OtherNonoperatingIncome |
| Total other income (expenses) | (413,650)us-gaap_NonoperatingIncomeExpense | (307,786)us-gaap_NonoperatingIncomeExpense | (360,279)us-gaap_NonoperatingIncomeExpense | 763,277us-gaap_NonoperatingIncomeExpense |
| Net loss before income taxes | (1,418,247)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | (1,766,016)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | (3,607,397)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | (1,984,892)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments |
| Income tax provision | (87,683)us-gaap_IncomeTaxExpenseBenefit | (29,270)us-gaap_IncomeTaxExpenseBenefit | (127,759)us-gaap_IncomeTaxExpenseBenefit | (40,401)us-gaap_IncomeTaxExpenseBenefit |
| Net loss from continuing operations | (1,505,930)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest | (1,795,286)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest | (3,735,156)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest | (2,025,293)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest |
| Loss from discontinued operations | (145,527)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax | (378,468)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax | ||
| Net loss | (1,505,930)us-gaap_ProfitLoss | (1,940,813)us-gaap_ProfitLoss | (3,735,156)us-gaap_ProfitLoss | (2,403,761)us-gaap_ProfitLoss |
| Non-controlling interest | 138,764us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | 313,905us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | 529,961us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | (320,262)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest |
| Net loss attributable to NetSol | (1,367,166)us-gaap_NetIncomeLoss | (1,626,908)us-gaap_NetIncomeLoss | (3,205,195)us-gaap_NetIncomeLoss | (2,724,023)us-gaap_NetIncomeLoss |
| Amount attributable to NetSol common shareholders: | ||||
| Loss from continuing operations | (1,367,166)us-gaap_IncomeLossFromContinuingOperations | (1,481,381)us-gaap_IncomeLossFromContinuingOperations | (3,205,195)us-gaap_IncomeLossFromContinuingOperations | (2,345,555)us-gaap_IncomeLossFromContinuingOperations |
| Loss from discontinued operations | (145,527)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax | (378,468)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax | ||
| Net loss | $ (1,367,166)us-gaap_NetIncomeLoss | $ (1,626,908)us-gaap_NetIncomeLoss | $ (3,205,195)us-gaap_NetIncomeLoss | $ (2,724,023)us-gaap_NetIncomeLoss |
| Net loss per share from continuing operations: | ||||
| Basic | $ (0.14)us-gaap_IncomeLossFromContinuingOperationsPerBasicShare | $ (0.16)us-gaap_IncomeLossFromContinuingOperationsPerBasicShare | $ (0.34)us-gaap_IncomeLossFromContinuingOperationsPerBasicShare | $ (0.26)us-gaap_IncomeLossFromContinuingOperationsPerBasicShare |
| Diluted | $ (0.14)us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare | $ (0.16)us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare | $ (0.34)us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare | $ (0.26)us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare |
| Net loss per share from discontinued operations: | ||||
| Basic | $ (0.02)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare | $ (0.04)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare | ||
| Diluted | $ (0.02)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare | $ (0.04)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare | ||
| Net loss per common share | ||||
| Basic | $ (0.14)us-gaap_EarningsPerShareBasic | $ (0.18)us-gaap_EarningsPerShareBasic | $ (0.34)us-gaap_EarningsPerShareBasic | $ (0.30)us-gaap_EarningsPerShareBasic |
| Diluted | $ (0.14)us-gaap_EarningsPerShareDiluted | $ (0.18)us-gaap_EarningsPerShareDiluted | $ (0.34)us-gaap_EarningsPerShareDiluted | $ (0.30)us-gaap_EarningsPerShareDiluted |
| Weighted average number of shares outstanding | ||||
| Basic | 9,654,334us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 9,056,024us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 9,433,829us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 9,006,015us-gaap_WeightedAverageNumberOfSharesOutstandingBasic |
| Diluted | 9,654,334us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 9,056,024us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 9,433,829us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 9,006,015us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding |
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- Definition
The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Depreciation of property, plant and equipment directly related to services rendered by an entity during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before tax of foreign currency transaction realized and unrealized gain (loss) recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of income (loss) from continuing operations attributable to the parent. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Revenue earned during the period relating to consideration received from another party for the right to use, but not own, certain of the entity's intangible assets. Licensing arrangements include, but are not limited to, rights to use a patent, copyright, technology, manufacturing process, software or trademark. Licensing fees are generally, but not always, fixed as to amount and not dependent upon the revenue generated by the licensing party. An entity may receive licensing fees for licenses that also generate royalty payments to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Revenue derived from maintenance services provided under contracts or arrangements with clients. For example, it may include the maintenance of software, plant and equipment, and facilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Details
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
This element represents a sum total of expenses not separately reflected on the income statement for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of other income amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) profits on securities (net of losses), and (d) miscellaneous other income items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of revenue, fees and commissions earned from transactions between (a) a parent company and its subsidiaries; (b) subsidiaries of a common parent; (c) an entity and trusts for the benefit of employees, for example, but not limited to, pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; (d) an entity and its principal, owners, management, or members of their immediate families; and (e) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Expenditures for salaries other than officers. Does not include allocated share-based compensation, pension and post-retirement benefit expense or other labor-related non-salary expense. For commercial and industrial companies, excludes any direct and overhead labor that is included in cost of goods sold. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue during the period from services rendered in the normal course of business, after deducting allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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- Definition
Expenses incurred for travel and entertainment during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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