LONG TERM INVESTMENT (Details Narrative) - USD ($) |
3 Months Ended | 6 Months Ended | |||||
|---|---|---|---|---|---|---|---|
Apr. 25, 2019 |
Sep. 01, 2017 |
Mar. 02, 2017 |
Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2022 |
Dec. 31, 2021 |
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| WRLD3D [Member] | |||||||
| Percentage of interest in subsidiary | 4.90% | ||||||
| Payments for financial interest | $ 1,111,111 | ||||||
| Payments to acquire investment | $ 555,555 | $ 555,556 | |||||
| Drivemate Co Ltd [Member] | Drivemate Agreement [Member] | |||||||
| Number of shares purchased | 5,469 | ||||||
| Number of shares purchased, value | $ 1,800,000 | ||||||
| Debt instrument, description | Pursuant to the agreement, the number of shares to be issued is adjusted as necessary to result in an equity ownership equal to 30% of the issued and outstanding shares at the final payment date. As of December 31, 2022, the Company has been issued 8,178 shares equal to 30% of Drivemate. Per the Drivemate Agreement, the Company appointed two directors to the Drivemate board. The Company determined that it met the significant influence criteria since two of the four directors are appointed by the Company and the Company owns 30% of Drivemate; therefore, the Company accounts for the investment using the equity method of accounting | ||||||
| Share of net income loss from equity investment | $ 5,133 | $ 4,666 | $ 5,133 | $ 58,905 | |||
| Drivemate Co Ltd [Member] | Drivemate Agreement [Member] | Service [Member] | |||||||
| Number of shares purchased, value | 1,300,000 | ||||||
| Drivemate Co Ltd [Member] | Drivemate Agreement [Member] | Service [Member] | Payment [Member] | |||||||
| Number of shares purchased, value | 1,300,000 | ||||||
| Drivemate Co Ltd [Member] | Drivemate Agreement [Member] | Cash [Member] | |||||||
| Number of shares purchased, value | 500,000 | ||||||
| Drivemate Co Ltd [Member] | Drivemate Agreement [Member] | Cash [Member] | Payment [Member] | |||||||
| Number of shares purchased, value | $ 500,000 | ||||||
| NetSol PK [Member] | |||||||
| Share of net income loss from equity investment | $ 84,484 | $ 181,878 | |||||
| Payments to acquire investment | $ 2,777,778 | ||||||
| Purchase of investment, percentage | 12.20% | ||||||
| Drivemate Agreement [Member] | Drivemate Co Ltd [Member] | |||||||
| Equity interest, percentage | 30.00% | ||||||
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- Definition Percentage of interest in subsidiary. No definition available.
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- Definition Share of net loss from equity investment. No definition available.
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- Definition Value of equity interests (such as common shares, preferred shares, or partnership interest) issued or issuable to acquire the entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Number of shares of equity interests issued or issuable to acquire entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Percentage of voting equity interests acquired at the acquisition date in the business combination. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Identification of the lender and information about a contractual promise to repay a short-term or long-term obligation, which includes borrowings under lines of credit, notes payable, commercial paper, bonds payable, debentures, and other contractual obligations for payment. This may include rationale for entering into the arrangement, significant terms of the arrangement, which may include amount, repayment terms, priority, collateral required, debt covenants, borrowing capacity, call features, participation rights, conversion provisions, sinking-fund requirements, voting rights, basis for conversion if convertible and remarketing provisions. The description may be provided for individual debt instruments, rational groupings of debt instruments, or by debt in total. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash outflow associated with the acquisition of a controlling interest in another entity or an entity that is related to it but not strictly controlled (for example, an unconsolidated subsidiary, affiliate, joint venture or equity method investment). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash outflow associated with the purchase of all investments (debt, security, other) during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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