Condensed Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2015 |
Dec. 31, 2014 |
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| Net Revenues: | ||||
| License fees | $ 709,691 | $ 2,100,715 | $ 1,903,045 | $ 3,685,268 |
| Maintenance fees | 3,240,472 | 3,276,125 | 6,252,710 | 5,984,653 |
| Services | 9,574,104 | 5,378,584 | 16,327,977 | 9,627,664 |
| Maintenance fees - related party | 31,755 | 53,462 | 189,986 | 193,575 |
| Services - related party | 2,635,675 | 1,543,718 | 4,823,083 | 3,088,595 |
| Total net revenues | 16,191,697 | 12,352,604 | 29,496,801 | 22,579,755 |
| Cost of revenues: | ||||
| Salaries and consultants | 4,925,565 | 4,298,900 | 9,925,455 | 8,415,117 |
| Travel | 754,009 | 590,353 | 1,235,462 | 1,012,224 |
| Depreciation and amortization | 1,461,466 | 1,800,753 | 2,935,701 | 3,602,320 |
| Other | 1,022,682 | 662,046 | 1,961,479 | 1,336,909 |
| Total cost of revenues | 8,163,722 | 7,352,052 | 16,058,097 | 14,366,570 |
| Gross profit | 8,027,975 | 5,000,552 | 13,438,704 | 8,213,185 |
| Operating expenses: | ||||
| Selling and marketing | 2,002,990 | 1,574,955 | 3,701,394 | 2,707,315 |
| Depreciation and amortization | 285,616 | 438,003 | 576,788 | 1,018,776 |
| General and administrative | 3,536,676 | 3,911,754 | 6,902,723 | 7,587,510 |
| Research and development cost | 117,924 | 80,437 | 229,994 | 146,702 |
| Total operating expenses | 5,943,206 | 6,005,149 | 11,410,899 | 11,460,303 |
| Income (loss) from operations | 2,084,769 | (1,004,597) | 2,027,805 | (3,247,118) |
| Other income and (expenses) | ||||
| Loss on sale of assets | (2,333) | (69,543) | (14,206) | (80,595) |
| Interest expense | (72,156) | (47,265) | (140,329) | (120,358) |
| Interest income | 35,299 | 106,078 | 87,411 | 163,997 |
| Loss on foreign currency exchange transactions | (134,527) | (421,082) | (248,246) | (341,862) |
| Other income | 120,684 | 18,162 | 174,998 | 18,539 |
| Total other income (expenses) | (53,033) | (413,650) | (140,372) | (360,279) |
| Net income (loss) before income taxes | 2,031,736 | (1,418,247) | 1,887,433 | (3,607,397) |
| Income tax provision | (273,275) | (87,683) | (348,498) | (127,759) |
| Net income (loss) | 1,758,461 | (1,505,930) | 1,538,935 | (3,735,156) |
| Non-controlling interest | (883,396) | 138,764 | (1,074,898) | 529,961 |
| Net income (loss) attributable to NetSol | $ 875,065 | $ (1,367,166) | $ 464,037 | $ (3,205,195) |
| Net income (loss) per common share | ||||
| Basic | $ 0.08 | $ (0.14) | $ 0.05 | $ (0.34) |
| Diluted | $ 0.08 | $ (0.14) | $ 0.04 | $ (0.34) |
| Weighted average number of shares outstanding | ||||
| Basic | 10,308,186 | 9,654,334 | 10,294,760 | 9,433,829 |
| Diluted | 10,548,922 | 9,654,334 | 10,535,496 | 9,433,829 |
| X | ||||||||||
- Definition Maintenance revenue from related party. No definition available.
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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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- References No definition available.
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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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- References No definition available.
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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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- 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 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 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 Interest expense on all other items not previously classified. For example, includes dividends associated with redeemable preferred stock of a subsidiary that is treated as a liability in the parent's consolidated balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of interest income earned from interest bearing assets not separately disclosed. No definition available.
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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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- References No definition available.
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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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- References No definition available.
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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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- 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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- References No definition available.
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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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- References No definition available.
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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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