NetSol (NTWK) 10-K 15 Sep 15 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2015	Sep. 10, 2015	Dec. 31, 2014
Document and Entity Information [Abstract]
Entity Registrant Name	NETSOL TECHNOLOGIES INC
Entity Central Index Key	1,039,280
Document Type	10-K
Document Period End Date	Jun. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filer	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 36,801,426
Entity Common Stock, Shares Outstanding		10,312,326
Trading Symbol	NTWK
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,015

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Current assets:
Cash and cash equivalents	$ 14,168,957	$ 11,462,695
Restricted cash	90,000	2,528,844
Accounts receivable, net of allowance of 524,565 and 1,088,172	6,480,344	5,219,275
Accounts receivable, net - related party	3,491,899	2,416,500
Revenues in excess of billings	5,267,275	2,377,367
Other current assets	2,012,190	2,857,879
Total current assets	31,510,665	26,862,560
Property and equipment, net	25,119,634	29,721,128
Intangible assets, net	22,815,467	28,803,018
Goodwill	9,516,568	9,516,568
Total assets	88,962,334	94,903,274
Current liabilities:
Accounts payable and accrued expenses	5,952,561	5,234,887
Current portion of loans and obligations under capitalized leases	3,896,353	5,791,258
Unearned revenues	4,897,327	3,239,852
Common stock to be issued	88,324	347,518
Total current liabilities	14,834,565	14,613,515
Long term loans and obligations under capitalized leases; less current maturities	487,492	1,532,080
Total liabilities	$ 15,322,057	$ 16,145,595
Commitments and contingencies
Stockholders' equity:
Preferred stock, $.01 par value; 500,000 shares authorized;
Common stock, $.01 par value; 14,500,000 shares authorized; 10,307,826 shares issued and 10,280,547 outstanding as of June 30, 2015 and 9,150,889 shares issued and 9,123,610 outstanding as of June 30, 2014	$ 103,078	$ 91,509
Additional paid-in-capital	119,209,807	115,394,097
Treasury stock (27,279 shares)	(415,425)	(415,425)
Accumulated deficit	(40,726,121)	(35,177,303)
Stock subscription receivable	(1,204,603)	(2,280,488)
Other comprehensive loss	(17,167,100)	(14,979,223)
Total NetSol stockholders' equity	59,799,636	62,633,167
Non-controlling interest	13,840,641	16,124,512
Total stockholders' equity	73,640,277	78,757,679
Total liabilities and stockholders' equity	$ 88,962,334	$ 94,903,274

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Statement of Financial Position [Abstract]
Accounts receivable, allowance	$ 524,565	$ 1,088,172
Preferred stock, par value	$ .01	$ .01
Preferred stock, shares authorized	500,000	500,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	14,500,000	14,500,000
Common stock, shares issued	10,307,826	9,150,889
Common stock, shares outstanding	10,280,547	9,123,610
Treasury stock, shares	27,279	27,279

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Net Revenues:
License fees	$ 6,328,989	$ 5,433,053
Maintenance fees	12,196,073	10,034,681
Services	24,827,822	15,230,708
Maintenance fees - related party	395,951	492,535
Services - related party	7,299,743	5,193,826
Total net revenues	51,048,578	36,384,803
Cost of revenues:
Salaries and consultants	19,289,536	15,621,806
Travel	2,374,864	1,705,554
Depreciation and amortization	8,336,857	6,844,588
Other	3,020,107	3,548,392
Total cost of revenues	33,021,364	27,720,340
Gross profit	18,027,214	8,664,463
Operating expenses:
Selling and marketing	6,092,530	4,572,108
Depreciation and amortization	2,006,957	1,886,148
General and administrative	14,778,641	15,046,328
Research and development cost	314,892	249,712
Total operating expenses	23,193,020	21,754,296
Loss from operations	(5,165,806)	(13,089,833)
Other income and (expenses)
Loss on sale of assets	(64,598)	(229,805)
Interest expense	(166,962)	(255,677)
Interest income	331,432	261,251
Gain (loss) on foreign currency exchange transactions	$ (453,770)	50,777
Share of net loss from equity investment		(545,483)
Other income	$ 684,030	50,578
Total other income (expenses)	330,132	(668,359)
Net loss before income taxes	(4,835,674)	(13,758,192)
Income tax provision	(413,498)	(338,282)
Net loss from continuing operations	$ (5,249,172)	(14,096,474)
Income from discontinued operations		1,158,752
Net loss	$ (5,249,172)	(12,937,722)
Non-controlling interest	(299,646)	1,581,675
Net loss attributable to NetSol	(5,548,818)	(11,356,047)
Amount attributable to NetSol common shareholders:
Loss from continuing operations	$ (5,548,818)	(12,514,799)
Income from discontinued operations		1,158,752
Net loss	$ (5,548,818)	$ (11,356,047)
Net loss per share from continuing operations:
Basic	$ (0.57)	$ (1.38)
Diluted	$ (0.57)	(1.38)
Net income per share from discontinued operations:
Basic		0.13
Diluted		0.13
Net loss per common share
Basic	$ (0.57)	(1.25)
Diluted	$ (0.57)	$ (1.25)
Weighted average number of shares outstanding
Basic	9,728,122	9,063,345
Diluted	9,728,122	9,063,345

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Statement of Comprehensive Income [Abstract]
Net loss	$ (5,548,818)	$ (11,356,047)
Other comprehensive income (loss):
Translation adjustment	(3,239,086)	1,129,441
Comprehensive income (loss)	(8,787,904)	(10,226,606)
Comprehensive income (loss) attributable to non-controlling interest	(1,051,209)	394,552
Comprehensive income (loss) attributable to NetSol	$ (7,736,695)	$ (10,621,158)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Shares [Member]	Accumulated Deficit [Member]	Stock Subscriptions Receivable [Member]	Shares to be Issued [Member]	Other Comprehensive Loss [Member]	Non Controlling Interest [Member]	Total
Balance at Jun. 30, 2013	$ 89,295	$ 114,292,510	$ (415,425)	$ (23,821,256)	$ (2,280,488)		$ (15,714,112)	$ 17,271,263	$ 89,421,787
Balance, shares at Jun. 30, 2013	8,929,523
Excercise of common stock options	$ 1,129	708,306							709,435
Excercise of common stock options, shares	112,793
Excercise of subsidiary common stock options		(823,048)						$ 1,179,077	356,029
Common stock issued for: Services	$ 815	816,602				$ 259,193			1,076,610
Common stock issued for: Services, shares	81,573
Common stock issued for: Accounts payable	$ 270	$ 209,790							210,060
Common stock issued for: Accounts payable, shares	27,000
Equity component shown as current liability						$ 88,325			88,325
Equity component shown as current liability						$ (347,518)			(347,518)
Fair value of options issued		$ 189,937							189,937
Acqusition of non controlling interest in subsidiary								$ (95,254)	(95,254)
Dividend to non controlling interest								$ (1,008,543)	$ (1,008,543)
Adjustment of financing cost
Sale of subsidiary								$ (34,908)	$ (34,908)
Foreign currency translation adjustment							$ 734,889	394,552	1,129,441
Net loss for the year				$ (11,356,047)				(1,581,675)	(12,937,722)
Balance at Jun. 30, 2014	$ 91,509	$ 115,394,097	$ (415,425)	$ (35,177,303)	$ (2,280,488)		$ (14,979,223)	$ 16,124,512	78,757,679
Balance, shares at Jun. 30, 2014	9,150,889
Excercise of common stock options	$ 493	190,907							191,400
Excercise of common stock options, shares	49,329
Excercise of subsidiary common stock options		(16,079)						$ 28,264	12,185
Common stock issued for: Services	$ 3,646	1,472,062			$ 158,635	$ (259,194)			1,375,149
Common stock issued for: Services, shares	364,501
Common stock issued for: Cash	$ 7,430	$ 2,352,100			$ (64,931)				2,294,599
Common stock issued for: Cash, shares	743,107
Equity component shown as current liability						$ 347,518			347,518
Equity component shown as current liability						$ (88,324)			(88,324)
Fair value of options issued		$ 622,488							622,488
Acqusition of non controlling interest in subsidiary		$ 176,413						$ (753,635)	(577,222)
Dividend to non controlling interest								$ (806,937)	$ (806,937)
Adjustment in subscription receivable		$ (982,181)			$ 982,181
Foreign currency translation adjustment							$ (2,187,877)	$ (1,051,209)	$ (3,239,086)
Net loss for the year				$ (5,548,818)				299,646	(5,249,172)
Balance at Jun. 30, 2015	$ 103,078	$ 119,209,807	$ (415,425)	$ (40,726,121)	$ (1,204,603)		$ (17,167,100)	$ 13,840,641	$ 73,640,277
Balance, shares at Jun. 30, 2015	10,307,826

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net loss	$ (5,249,172)	$ (12,937,722)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	10,343,814	8,730,736
Provision for bad debts	$ (434,928)	1,023,796
Share of net loss from investment under equity method		545,483
Loss on sale of assets	$ 64,598	229,805
Gain on sale of subsidiary		(1,870,871)
Stock issued for services	$ 1,375,149	1,076,610
Fair market value of warrants and stock options granted	$ 622,488	189,937
Impairment of goodwill		136,762
Changes in operating assets and liabilities:
Accounts receivable	$ (871,959)	7,094,977
Accounts receivable - related party	(1,179,931)	(309,773)
Revenues in excess of billing	(3,013,730)	12,825,849
Other current assets	580,618	216,357
Accounts payable and accrued expenses	726,700	1,060,832
Unearned revenue	2,114,635	622,124
Net cash provided by operating activities	5,078,282	18,634,902
Cash flows from investing activities:
Purchases of property and equipment	(3,558,712)	(13,236,136)
Sales of property and equipment	$ 1,102,615	88,641
Sale of subsidiary		1,810,700
Purchase of non-controlling interest in subsidiaries	$ (577,222)	(17,852)
Increase in intangible assets		(3,385,151)
Net cash used in investing activities	$ (3,033,319)	$ (14,739,798)
Cash flows from financing activities:
Proceeds from sale of common stock	2,294,599
Proceeds from the exercise of stock options and warrants	191,400	$ 709,435
Proceeds from exercise of subsidiary options	12,185	356,029
Restricted cash	2,438,844	(653,607)
Dividend paid by subsidiary to Non controlling interest	(806,937)	(1,008,543)
Proceeds from bank loans	1,410,313	3,244,382
Payments on capital lease obligations and loans - net	(4,079,174)	(2,880,840)
Net cash provided by (used in) financing activities	1,461,230	(233,144)
Effect of exchange rate changes	(799,931)	(73,583)
Net increase in cash and cash equivalents	2,706,262	3,588,377
Cash and cash equivalents, beginning of the period	11,462,695	7,874,318
Cash and cash equivalents, end of period	14,168,957	11,462,695
Cash paid during the period for:
Interest	162,904	325,691
Taxes	$ 503,924	402,482
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Stock issued for the payment of vendors		$ 210,060
Adjustment of uncollectable subscription receivable with additional paid in capital	$ 982,181

Organization and Description of

Organization and Description of Business	12 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Description of Business	NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS NetSol Technologies, Inc. and subsidiaries (collectively, the “Company”), formerly known as NetSol International, Inc. and Mirage Holdings, Inc., was incorporated under the laws of the State of Nevada on March 18, 1997. During November 1998, Mirage Collections, Inc., a wholly owned and non-operating subsidiary, was dissolved. The Company designs, develops, markets, and exports proprietary software products to customers in the automobile finance and leasing, banking, healthcare, and financial services industries worldwide. The Company also provides system integration, consulting, IT products and services in exchange for fees from customers.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (A) Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company as follows: Wholly-owned Subsidiaries NetSol Technologies Americas, Inc. (“NTA”) NetSol Technologies Limited (“NetSol UK”) NetSol Technologies Australia Pty Limited (“NetSol Australia”) NetSol Technologies Europe Limited (“NTE”) NTPK (Thailand) Co. Limited (“NTPK Thailand”) NetSol Technologies Thailand Limited (“NetSol Thai”) NetSol Connect (Private), Ltd. (“Connect”) NetSol Technologies (Beijing) Co. Ltd. (NetSol Beijing) NetSol Omni (Private) Ltd. (“Omni”) NetSol Technologies (GmbH) (“NTG”) Majority-owned Subsidiaries NetSol Technologies, Ltd. (“NetSol PK”) NetSol Innovation (Private) Limited (“NetSol Innovation”) Vroozi, Inc. (“Vroozi”) – discontinued on March 31, 2014 Virtual Lease Services Holdings Limited (“VLSH”) Virtual Lease Services Limited (“VLS”) Virtual Lease Services (Ireland) Limited (VLSIL) The Company consolidates any variable interest entities of which it is the primary beneficiary. Equity investments through which the Company exercises significant influence over but does not control the investee and is not the primary beneficiary of the investee’s activities are accounted for using the equity method. Investments through which the Company is not able to exercise significant influence over the investee and which do not have readily determinable fair values are accounted for under the cost method. All material inter-company accounts have been eliminated in the consolidation. (B) Basis of Presentation The accompanying consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). (C) Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. (D) Cash and Cash Equivalents Cash and cash equivalents include all highly liquid debt instruments with original maturities of three months or less which are not securing any corporate obligations. (E) Concentration of Credit Risk Cash includes cash on hand and demand deposits in accounts maintained within the United States as well as in foreign countries. Certain financial instruments, which subject the Company to concentration of credit risk, consist of cash and restricted cash. The Company maintains balances at financial institutions which, from time to time, may exceed Federal Deposit Insurance Corporation insured limits for the banks located in the Unites States. Balances at financial institutions within certain foreign countries are not covered by insurance. As of June 30, 2015 and 2014, the Company had uninsured deposits related to cash deposits in accounts maintained within foreign entities of approximately $8,969,443 and $8,399,136, respectively. The Company has not experienced any losses in such accounts. The Company’s operations are carried out globally. Accordingly, the Company’s business, financial condition and results of operations may be influenced by the political, economic and legal environments of each country and by the general state of the country’s economy. The Company’s operations in each foreign country are subject to specific considerations and significant risks not typically associated with companies in economically developed nations. These include risks associated with, among others, the political, economic and legal environments and foreign currency exchange. The Company’s results may be adversely affected by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things. Also, due to the current economic conditions in China and challenges being faced by the Chinese economy, the Company may face a risk of reduction in future revenue growth and non collection of receivables from the customers in China. (F) Restricted Cash The Company has certificates of deposits (“CDs”) in various configurations and maturity dates with Habib American Bank. A portion of these CDs are restricted as collateral to secure outstanding balances on an existing line of credit, and become unrestricted to the extent that they are not required for collateralization purposes. As of June 30, 2015 and 2014, the outstanding balance on the line of credit was $nil and $1,990,984, respectively, with a corresponding restriction to the CDs balances. The line of credit had a maximum available balance of $2,000,000. In addition, the Company has placed $90,000 in a savings account with HSBC as collateral against a standby letter of credit issued by the bank in favor of the landlord for office space. One of the Company’s subsidiary also has certificates of deposits with Habib American Bank. These CDs are restricted as collateral to secure outstanding balances on an existing line of credit, and become unrestricted to the extent that they are not required for collateralization purposes. As of June 30, 2015 and 2014, the outstanding balance on the line of credit was $nil and $447,860, respectively, with a corresponding restriction to the CDs balances. The line of credit had a maximum available balance of $500,000. (G) Allowance for Doubtful Accounts The Company maintains an allowance for doubtful accounts for estimated losses inherent in its accounts receivable portfolio. In establishing the required allowance, management regularly reviews the composition of accounts receivable and analyzes customer credit worthiness, customer concentrations, current economic trends and changes in customer payment patterns. Reserves are recorded primarily on a specific identification basis. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. As of June 30, 2015 and 2014, the Company had recorded allowance for doubtful accounts of $524,565 and $1,088,172, respectively. (H) Revenues in Excess of Billings Revenues in excess of billings represent the total of the project to be billed to the customer over the revenues recognized per US GAAP. As the customers are billed under the terms of their contract, the corresponding amount is transferred from this account to “Accounts Receivable.” (I) Property and Equipment Property and equipment are stated at cost. Expenditures for maintenance and repairs are charged to earnings as incurred; additions, renewals and betterments are capitalized. When property and equipment are retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts, and any gain or loss is included in operations. Depreciation is computed using various methods over the estimated useful lives of the assets, ranging from three to twenty years. Following is the summery of estimated useful lives of the assets: Category Estimated Useful Life Computer Equipment 3 to 5 Years Office furniture and equipment: 5 to 10 Years Building 20 Years Autos 5 Years Assets under capital leases 3 to 10 Years Improvements 5 to 10 Years The Company capitalizes costs of materials, consultants, and payroll and payroll-related costs for employees incurred in developing internal-use computer software. These costs are included with “Computer equipment and software.” (J) Impairment of Long-Lived Assets The Company tests long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable through the estimated undiscounted cash flows expected to result from the use and eventual disposition of the assets. Whenever any such impairment exists, an impairment loss will be recognized for the amount by which the carrying value exceeds the fair value. (K) Intangible Assets Intangible assets consist of product licenses, renewals, enhancements, copyrights, trademarks, trade names, and customer lists. Intangible assets with finite lives are amortized over the estimated useful life and are evaluated for impairment at least on an annual basis and whenever events or changes in circumstances indicate that the carrying value may not be recoverable. The Company assesses recoverability by determining whether the carrying value of such assets will be recovered through the discounted expected future cash flows. If the future discounted cash flows are less than the carrying amount of these assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. (L) Software Development Costs Costs incurred to internally develop computer software products or to enhance an existing product are recorded as research and development costs and expensed when incurred until technological feasibility for the respective product is established. Thereafter, all software development costs are capitalized and reported at the lower of unamortized cost or net realizable value. Capitalization ceases when the product or enhancement is available for general release to customers. The Company makes on-going evaluations of the recoverability of its capitalized software projects by comparing the amount capitalized for each product to the estimated present value of expected future net income from the product. If such evaluations indicate that the unamortized software development costs exceed the present value of expected future net income, the Company writes off the amount which the unamortized software development costs exceed such present value. Capitalized and purchased computer software development costs are being amortized ratably based on the projected revenue associated with the related software or on a straight-line basis. (M) Goodwill Goodwill represents the excess of the aggregate purchase price over the fair value of the net assets acquired in a purchase businesses combination. Goodwill is reviewed for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that the carrying amount of goodwill may be impaired. The goodwill impairment test is a two-step test. Under the first step, the fair value of the reporting unit is compared with its carrying value including goodwill. If the fair value of the reporting unit exceeds its carrying value, step two does not need to be performed. If the fair value of the reporting unit is less than its carrying value, an indication of goodwill impairment exists for the reporting unit and the enterprise must perform step two of the impairment test. Under step two, an impairment loss is recognized for any excess of the carrying amount of the reporting unit’s goodwill over the implied fair value of that goodwill. The implied fair value of goodwill is determined by allocating the fair value of the reporting unit in a manner similar to a purchase price allocation. The residual fair value after this allocation is the implied fair value of the reporting unit goodwill. (N) Fair Value of Financial Instruments The Company applies the provisions of ASC 820-10, “Fair Value Measurements and Disclosures.” The three levels of valuation hierarchy are defined as follows: Level 1: Valuations consist of unadjusted quoted prices in active markets for identical assets and liabilities and has the highest priority. Level 2: Valuations rely on quoted prices in markets that are not active or observable inputs over the full term of the asset or liability. Level 3: Valuations are based on prices or third party or internal valuation models that require inputs that are significant to the fair value measurement and are less observable and thus have the lowest priority. Management analyzes all financial instruments with features of both liabilities and equity under ASC 480, “Distinguishing Liabilities From Equity” “Derivatives and Hedging.” (O) Revenue Recognition The Company recognizes revenue from license contracts without major customization when a non-cancelable, non-contingent license agreement has been signed, delivery of the software has occurred, the fee is fixed or determinable, and collectability is probable. Revenue from the sale of licenses with major customization, modification, and development is recognized on a percentage of completion method. Revenue from the implementation of software is recognized on a percentage of completion method. Revenue from consulting services is recognized as the services are performed for time-and-materials contracts. Revenue from training and development services is recognized as the services are performed. Revenue from maintenance agreements is recognized ratably over the term of the maintenance agreement, which in most instances is one year. (P) Multiple Element Arrangements The Company may enter into multiple element revenue arrangements in which a customer may purchase a number of different combinations of software licenses, consulting services, maintenance and support, as well as training and development. Vendor specific objective evidence (“VSOE”) of fair value for each element is based on the price for which the element is sold separately. The Company determines the VSOE of fair value of each element based on historical evidence of the Company’s stand-alone sales of these elements to third-parties or from the stated renewal rate for the elements contained in the initial software license arrangement. When VSOE of fair value does not exist for any undelivered element, revenue is deferred until the earlier of the point at which such VSOE of fair value exists or until all elements of the arrangement have been delivered. The only exception to this guidance is when the only undelivered element is maintenance and support or other services, then the entire arrangement fee is recognized ratably over the performance period. (Q) Unearned Revenue Unearned revenue represents billings in excess of revenue earned on contracts and are recognized on a pro-rata basis over the life of the contract. Unearned revenue was $4,897,327 and $3,239,852 as of June 30, 2015 and 2014, respectively. (R) Cost of Revenues Cost of revenues includes salaries and benefits for technical employees, consultant costs, amortization of capitalized computer software development costs, depreciation of computer and equipment, travel costs, and indirect costs such as rent and insurance. (S) Advertising Costs The Company expenses the cost of advertising as incurred. Advertising costs for the years ended June 30, 2015 and 2014 were $250,801 and $237,391, respectively. (T) Share-Based Compensation The Company records stock compensation in accordance with ASC 718, Compensation – Stock Compensation (U) Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is provided for deferred tax assets if it is more likely than not these items will either expire before the Company is able to realize their benefits, or that future deductibility is uncertain. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Applicable interest and penalties associated with unrecognized tax benefits are classified as additional income taxes in the statements of operations. (V) Foreign Currency Translation The Company transacts business in various foreign currencies. The accounts of NetSol UK, NTE, VLSH and VLS use the British Pound; VLSIL and NTG use the Euro; NetSol PK, Connect, Omni and NetSol Innovation use Pakistan Rupees; NTPK Thailand and NetSol Thai use Thai Baht; NetSol Australia uses the Australian dollar; and NetSol Beijing uses the Chinese Yuan as the functional currencies. NetSol Technologies, Inc., and its subsidiaries, NTA and Vroozi, use the U.S. dollar as the functional currency. Consequently, revenues and expenses of operations outside the United States are translated into U.S. Dollars using average exchange rates while assets and liabilities of operations outside the United States are translated into U.S. Dollars using exchange rates at the balance sheet date. The effects of foreign currency translation adjustments are recorded to other comprehensive income. Accumulated translation losses classified as an item of accumulated other comprehensive loss in the stockholders’ equity section of the consolidated balance sheets were $17,167,100 and $14,979,223 as of June 30, 2015 and 2014, respectively. During the years ended June 30, 2015 and 2014, comprehensive income (loss) in the consolidated statements of operations included NetSol’s share of translation loss of $2,187,877 and gain of $734,889, respectively. Net foreign exchange transaction gains (losses) included in non-operating income (expense) in the accompanying consolidated statements of operations were $(453,770) and $50,777 for the years ended June 30, 2015 and 2014, respectively. (W) Statement of Cash Flows The Company’s cash flows from operations are calculated based upon the local currencies. As a result, amounts related to assets and liabilities reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheet. (X) Segment Reporting The Company defines operating segments as components about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performances. The Company allocates its resources and assesses the performance of its sales activities based on the geographic locations of its subsidiaries (see Note 17). (Y) Reclassifications Certain 2014 balances have been reclassified to conform to the 2015 presentation. (Z) New Accounting Pronouncements In April 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant and Equipment (Topic 360).” ASU 2014-08 amends the requirements for reporting discontinued operations and requires additional disclosures about discontinued operations. Under the new guidance, only disposals representing a strategic shift in operations or that have a major effect on the Company’s operations and financial results should be presented as discontinued operations. This new accounting guidance is effective for annual periods beginning after December 15, 2014. The Company is currently evaluating the impact of adopting ASU 2014-08 on the Company’s results of operations or financial condition. In May 2014, the (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers In June 2014, the FASB issued Accounting Standards Update No. 2014-12, Compensation — Stock Compensation (Topic 718), Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period (a consensus of the FASB Emerging Issues Task Force) In August 2014, the FASB issued Accounting Standards Update No. 2014-15, Presentation of Financial Statements – Going Concern (Subtopic 205-40), Disclosure of Uncertainties about an Entities Ability to Continue as a Going Concern In January 2015, the FASB issued Accounting Standards Update No. 2015-01, Income Statement – Extraordinary and Unusual items In February 2015, FASB issued ASU No. 2015-02, (Topic 810): Amendments to the Consolidation Analysis. In April 2015, FASB issued ASU No. 2015-03, (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. In April 2015, FASB issued ASU No. 2015-05, (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangements. No other recently issued accounting pronouncements are expected to have a material impact on the Company’s consolidated financial statements.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Jun. 30, 2015
Net loss per share:
Earnings Per Share	NOTE 3 – EARNINGS PER SHARE Basic earnings per share are computed based on the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding stock options, warrants, and stock awards. All options and warrants were excluded from the diluted loss per share calculation due to their anti-dilution effect. As of June 30, 2015 and 2014, the following potential dilutive shares were excluded from the shares used to calculate diluted earnings per share as their inclusion would be anti-dilutive. For the Years Ended June 30, 2015 2014 Stock Options 708,133 257,462 Warrants 163,124 163,124 871,257 420,586

Related Party Transactions

Related Party Transactions	12 Months Ended
	Jun. 30, 2015
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 4 – RELATED PARTY TRANSACTIONS NetSol-Innovation In November 2004, the Company entered into a joint venture agreement with the Innovation Group called NetSol-Innovation. NetSol-Innovation provides support services to the Innovation Group. During the years ended June 30, 2015 and 2014, NetSol Innovation provided services of $6,043,617 and $4,970,794, respectively. Accounts receivable at June 30, 2015 and 2014 were $3,226,733 and $2,232,610, respectively. Investec Asset Finance In October 2011, NTE entered into an agreement with Investec Asset Finance to acquire VLS. NTE and VLS provide support services to Investec. During the year ended June 30, 2015 and 2014, NTE and VLS provided maintenance and services of $1,652,077 and $715,567, respectively. Accounts receivable at June 30, 2015 and 2014 were $265,166 and $183,890, respectively.

Major Customers

Major Customers	12 Months Ended
	Jun. 30, 2015
Risks and Uncertainties [Abstract]
Major Customers	NOTE 5 – MAJOR CUSTOMERS The Company is a strategic business partner for Daimler Financial Services (which consists of a group of many companies in different countries), which accounts for approximately 12.89% and 17.42% of revenue, and The Innovation Group accounts for approximately 11.84% and 13.66% of revenue for the fiscal years ended June 30, 2015 and 2014, respectively. Accounts receivable at June 30, 2015 for these companies were $446,754 and $3,226,733, respectively. Accounts receivable at June 30, 2014 for these companies were $1,900,270, and $2,232,610, respectively.

Other Current Assets

Other Current Assets	12 Months Ended
	Jun. 30, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Current Assets	NOTE 6 – OTHER CURRENT ASSETS Other current assets consisted of the following: As of June 30, As of June 30, 2015 2014 Prepaid Expenses $ 452,314 $ 450,451 Advance Income Tax 895,075 918,300 Employee Advances 36,816 46,730 Security Deposits 195,336 189,905 Tender Money Receivable 26,435 81,420 Other Receivables 322,647 645,397 Other Assets 83,567 430,508 Due From Related Party (1 ) - 95,168 Total $ 2,012,190 $ 2,857,879 (1) Due from related party as of June 30, 2015 and 2014 is a receivable from Atheeb NetSol Saudi Company Limited.

Property and Equipment

Property and Equipment	12 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment	NOTE 7 – PROPERTY AND EQUIPMENT Property and equipment consisted of the following: As of June 30, As of June 30, 2015 2014 Office Furniture and Equipment $ 3,104,375 $ 2,628,814 Computer Equipment 25,911,422 27,215,091 Assets Under Capital Leases 1,887,767 1,861,445 Building 8,743,130 6,259,290 Land 2,451,577 3,351,316 Capital Work In Progress 392,243 2,812,181 Autos 943,873 999,277 Improvements 204,779 533,102 Subtotal 43,639,166 45,660,516 Accumulated Depreciation (18,519,532 ) (15,939,388 ) Property and Equipment, Net $ 25,119,634 $ 29,721,128 For the years ended June 30, 2015 and 2014, depreciation expense totaled $5,671,155 and $5,035,922, respectively. Of these amounts, $3,888,122 and $3,276,222 are reflected as part of cost of revenues for the years ended June 30, 2015 and 2014, respectively. The Company’s capital work in progress consists of ongoing enhancements to its facilities and infrastructure as necessary to meet the Company’s expected long-term growth needs. Accumulated capitalized interest was $nil and $664,614 as of June 30, 2015 and 2014, respectively. Following is a summary of fixed assets held under capital leases as of June 30, 2015 and 2014, respectively: As of June 30, As of June 30, 2015 2014 Computers and Other Equipment $ 590,625 $ 731,354 Furniture and Fixtures 414,023 280,184 Vehicles 883,119 849,907 Total 1,887,767 1,861,445 Less: Accumulated Depreciation - Net (577,215 ) (469,336 ) $ 1,310,552 $ 1,392,109

Intangible Assets

Intangible Assets	12 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	NOTE 8 – INTANGIBLE ASSETS Intangible assets consisted of the following: Product Licenses Customer Lists Technology Total Intangible assets - June 30, 2013 - cost $ 44,837,558 $ 6,052,378 $ 242,702 $ 51,132,638 Additions 3,385,151 - - 3,385,151 Deletion (591,216 ) (591,216 ) Effect of translation adjustment 1,000,875 - - 1,000,875 Accumulated amortization (20,050,310 ) (5,940,633 ) (133,487 ) (26,124,430 ) Net balance - June 30, 2014 $ 28,582,058 $ 111,745 $ 109,215 $ 28,803,018 Intangible Assets - June 30, 2014 - Cost $ 48,632,368 $ 6,052,377 $ 242,702 $ 54,927,447 Additions - - - - Effect of Translation Adjustment (2,325,008 ) - - (2,325,008 ) Accumulated Amortization (23,491,893 ) (6,052,377 ) (242,702 ) (29,786,972 ) Net Balance - June 30, 2015 $ 22,815,467 $ - $ - $ 22,815,467 (A) Product licenses include internally-developed original license issues, renewals, enhancements, copyrights, trademarks, and trade names. Product licenses are amortized on a straight-line basis over their respective lives, and the unamortized amount of $22,815,467 will be amortized over the next 8.75 years. Amortization expense for the years ended June 30, 2015 and 2014 was $4,448,735 and $3,568,366, respectively. The Company determined to discontinue marketing three products during the fiscal year ended June 30, 2015 and fully amortized the products as of June 30, 2015. The amount of amortization related to these three products was $1,184,959 and is recorded under cost of revenues as depreciation and amortization expense in the accompanying consolidated statements of operations. (B) Customer lists were being amortized on a straight-line basis over five years, which approximates the anticipated rate of attrition. Amortization expense for the years ended June 30, 2015 and 2014 was $113,243 and $75,578, respectively. (C) Technology assets were being amortized on a straight-line basis over five years, which approximates the anticipated rate of attrition. Amortization expense for the years ended June 30, 2015 and 2014 was $110,681 and $50,870, respectively. (D) Estimated amortization expense of intangible assets over the next five years is as follows: Year ended: June 30, 2016 $ 2,804,844 June 30, 2017 2,804,844 June 30, 2018 2,804,844 June 30, 2019 2,804,844 June 30, 2020 2,804,844 Thereafter 8,791,247 $ 22,815,467

Goodwill

Goodwill	12 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	NOTE 9 – GOODWILL Goodwill represents the excess of the aggregate purchase price over the fair value of the net assets acquired in prior period businesses combinations. Goodwill was comprised of the following amounts: As of As of June 30, 2015 June 30, 2014 NetSol PK $ 1,166,610 $ 1,166,610 NTE 3,471,814 3,471,814 VLS 214,044 214,044 NTA 4,664,100 4,664,100 Total $ 9,516,568 $ 9,516,568 The Company tests for goodwill impairment at each reporting unit. There was no goodwill impairment for the year ended June 30, 2015. The Company recorded $136,762 as goodwill impairment for the year ended June 30, 2014.

Investment Under Equity Method

Investment Under Equity Method	12 Months Ended
	Jun. 30, 2015
Equity Method Investments and Joint Ventures [Abstract]
Investment Under Equity Method	NOTE 10 – INVESTMENT UNDER EQUITY METHOD On April 10, 2009, the Company entered into an agreement to form a joint venture with the Atheeb Trading Company, a member of the Atheeb Group (“Atheeb”). The joint venture entity Atheeb NetSol Saudi Company Ltd. (“Atheeb NetSol”) is a company organized under the laws of the Kingdom of Saudi Arabia. The venture was formed with an initial capital contribution of $268,000 by the Company and $266,930 by Atheeb with a profit sharing ratio of 50.1:49.9, respectively. The final formation of the company was completed on March 7, 2010. The Company had no control over the operational and financial matters of Atheeb NetSol; therefore, it was considered as an associated company and accounted for under the equity method. Due to change in foreign laws and losses the Company has withdrawn from the joint venture. As a result, the net value of the investment in the accompanying financial statements as of June 30, 2015 & 2014 was $Nil.

Accounts Payable and Accrued Ex

Accounts Payable and Accrued Expenses	12 Months Ended
	Jun. 30, 2015
Payables and Accruals [Abstract]
Accounts Payable and Accrued Expenses	NOTE 11 – ACCOUNTS PAYABLE AND ACCRUED EXPENSES Accounts payable and accrued expenses consisted of the following: As of As of June 30, 2015 June 30, 2014 Accounts Payable $ 1,514,841 $ 1,642,325 Accrued Liabilities 3,978,435 2,956,686 Accrued Payroll 8,974 44,185 Accrued Payroll Taxes 282,572 261,261 Interest Payable 41,556 61,555 Taxes Payable 22,957 165,649 Other Payable 103,226 103,226 Total $ 5,952,561 $ 5,234,887

Debts

Debts	12 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Debts	NOTE 12 – DEBTS Notes and leases payable consisted of the following: As of June 30, 2015 Current Long-Term Name Total Maturities Maturities D&O Insurance (1) $ 79,872 $ 79,872 $ - Habib Bank Line of Credit (2) - - - Bank Overdraft Facility (3) - - - HSBC Loan (4) 447,161 322,349 124,812 Term Finance Facility (5) - - - Loan Payable Bank (6) 2,892,961 2,892,961 - Loan From Related Party (7) 129,979 129,979 - 3,549,973 3,425,161 124,812 Subsidiary Capital Leases (8) 833,872 471,192 362,680 $ 4,383,845 $ 3,896,353 $ 487,492 As of June 30, 2014 Current Long-Term Name Total Maturities Maturities D&O Insurance (1) $ 54,547 $ 54,547 $ - Habib Bank Line of Credit (2) 2,438,844 2,438,844 - Bank Overdraft Facility (3) - - - HSBC Loan (4) 835,899 346,138 489,761 Term Finance Facility (5) 632,527 253,011 379,516 Loan Payable Bank (6) 2,024,087 2,024,087 - Loan From Related Party (7) 322,600.00 194,740.00 127,860.00 6,308,504 5,311,367 997,137 Subsidiary Capital Leases (8) 1,014,834 479,891 534,943 $ 7,323,338 $ 5,791,258 $ 1,532,080 (1) The Company finances Directors’ and Officers’ (“D&O”) liability insurance as well as Errors and Omissions (“E&O”) liability insurance, for which the total balances are renewed on an annual basis and as such are recorded in current maturities. The interest rate on the insurance financing was 0.49% and 0.55% as of June 30, 2015 and 2014, respectively. (2) 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 June 30, 2015 and 2014, respectively. In June 2012, the Company’s subsidiary, NTA, 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 the same value held at the bank. The interest rate on this line of credit is variable and was 1.9% as of June 30, 2015 and 2014, respectively. Combined interest expense for the years ended June 30, 2015 and 2014 was $8,658 and $35,764, respectively. (3) During the year ended June 30, 2008, the Company’s subsidiary, NTE entered into an overdraft facility with HSBC Bank plc whereby the bank would cover any overdrafts up to £300,000, or approximately $471,550. The annual interest rate was 4.75% as of June 30, 2015 and 2014, respectively. This overdraft facility requires that the aggregate amount of invoiced trade debtors (net of provisions for bad and doubtful debts and excluding intra-group debtors) of NTE, not exceeding 90 days old, will not be less than an amount equal to 200% of the facility. As of June 30, 2015, NTE was in compliance with this covenant. (4) In October 2011, the Company’s subsidiary, NTE, entered into a loan agreement with HSBC Bank to finance the acquisition of 51% of a controlling interest in Virtual Leasing Services Limited. HSBC Bank guaranteed the loan up to a limit of £1,000,000, or approximately $1,571,833 for a period of 5 years with monthly payments of £18,420, or approximately $28,953. 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. Interest expense for the years ended June 30, 2015 and 2014 was $47,255 and $70,667, respectively. This facility requires that NTE’s adjusted tangible net worth would not be less than £600,000. For this purpose, adjusted tangible net worth means shareholders’ funds less intangible assets plus non-redeemable preference shares. In addition, NTE’s cash debt service coverage would not fall below 150% of the aggregate debt service cost. As of June 30, 2015, NTE was in compliance with this covenant. (5) 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 $1,084,860 (secured by the first charge of Rs. 580 million or approximately $5.59 million over the land, building and equipment of NetSol PK). The interest rate was 9.79% and 12.39% as of June 30, 2015 and 2014, respectively, which is 2.75% above the six-month Karachi Inter Bank Offering Rate. During the year ended June 30, 2015, NetSol PK paid off the complete liability against this financing. (6) The Company’s subsidiary, NetSol PK, has an export refinance facility with Askari Bank Limited, secured by NetSol PK’s assets. This is a revolving loan that matures every six months. Total facility amount is Rs. 300,000,000 or $2,892,961. Both term and export refinance facilities from Askari Bank Limited amounting to Rupees 300 million ($2.89 million) require NetSol PK to maintain a long term debt equity ratio of 60:40 and the current ratio of 1:1. As of June 30, 2015, NetSol PK was in compliance with this covenant. (7) In October 2013, the Company’s subsidiary, NTE, entered into a loan agreement with Investec, a related party, to finance VLS. The loan amount was £100,000, or approximately $157,183, for a period of 1 year with monthly payments of £8,676, or approximately $13,637. The interest rate was 4.1%. As of June 30, 2015, NTE has paid the loan in full. In March 2014, the Company’s subsidiary, VLS, entered into a loan agreement with Investec. The loan amount was £150,000, or approximately $235,775, for a period of two years with annual payments of £75,000, or approximately $117,887. The interest rate was 3.13%. As of June 30, 2015, VLS has used this facility up to $129,979 including interest due, and was shown as a current maturity. The following table represents future payments of loans described in the above sub notes 1 to 7 As of June 30, 2015 Loan Payments Due FYE 6/30/16 $ 3,425,161 Due FYE 6/30/17 124,812 Total Loan Payments 3,549,973 Less: Current portion (3,425,161 ) Non-Current portion $ 124,812 (8) The Company leases various fixed assets under capital lease arrangements expiring in various years through 2018. The assets and liabilities under capital leases are recorded at the lower of the present value of the minimum lease payments or the fair value of the asset. The assets are depreciated over the lesser of their related lease terms or their estimated useful lives and are secured by the assets themselves. Depreciation of assets under capital leases is included in depreciation expense for the years ended June 30, 2015 and 2014. Following is the aggregate minimum future lease payments under capital leases for the year ended June 30, 2015: Amount Minimum Lease Payments Due FYE 6/30/16 $ 531,827 Due FYE 6/30/17 307,563 Due FYE 6/30/18 76,621 Total Minimum Lease Payments 916,011 Interest Expense relating to future periods (82,139 ) Present Value of minimum lease payments 833,872 Less: Current portion (471,192 ) Non-Current portion $ 362,680

Income Taxes

Income Taxes	12 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 13 – INCOME TAXES The Company is incorporated in the State of Nevada and registered to do business in the State of California. The following is a breakdown of income before the provision for income taxes: Consolidated pre-tax income (loss) consists of the following: Years Ended June 30, 2015 2014 US operations $ (3,621,392 ) $ (3,478,331 ) Foreign operations (1,214,282 ) (10,279,861 ) $ (4,835,674 ) $ (13,758,192 ) The components of the provision for income taxes are as follows: Years Ended June 30, 2015 2014 Current: Federal $ - $ - State and Local - - Foreign 413,498 338,282 Deferred: Federal - - State and Local - - Foreign - - Provision for income taxes $ - $ 338,282 A reconciliation of taxes computed at the statutory federal income tax rate to income tax expense (benefit) is as follows: Years Ended June 30, 2015 2014 Income tax (benefit) provision at statutory rate $ (1,692,486 ) 35.0 % $ (4,677,785 ) 34.0 % State income (benefit) taxes, net of federal tax benefit (278,051 ) 5.7 % (67,583 ) 0.5 % Foreign earnings taxed at different rates 1,655,514 -34.2 % 2,223,746 -16.2 % Change in valuation allowance for deferred tax assets 843,390 -17.4 % 2,584,235 -18.8 % Share of net (income) loss in equity method investee - 0.0 % 217,266 -1.6 % Other (114,869 ) 2.38 % 58,403 -0.4 % Provision for income taxes $ 413,498 -8.6 % $ 338,282 -2.5 % Deferred income tax assets and liabilities as of June 30, 2015 and 2014 consist of tax effects of temporary differences related to the following: Years Ended June 30, 2015 2014 Net operating loss carry forwards $ 14,527,578 $ 13,947,156 Other 479,674 216,706 Net deferred tax assets 15,007,252 14,163,862 Valuation allowance for deferred tax assets (15,007,252 ) Net deferred tax assets $ - $ - The Company has established a full valuation allowance as management believes it is more likely than not that these assets will not be realized in the future. The valuation allowance increased by $843,390 for the year ended June 30, 2015 mainly due to adjusting the Company’s net operating loss carry forwards for the current year operating loss. At June 30, 2015, federal and state net operating loss carry forwards in the United States of America were $36,374,907 and $6,414,294, respectively. Federal net operating loss carry forwards begin to expire in 2020, while state net operating loss carry forwards are expiring each year. Due to both historical and recent changes in the capitalization structure of the Company, the utilization of net operating losses may be limited pursuant to section 382 of the Internal Revenue Code. Net operating losses related to foreign entities were $5,018,966 at June 30, 2015. As of June 30, 2015, the Company does not have any unrecognized tax benefits related to various federal and state income tax matters. The Company will recognize accrued interest and penalties related to unrecognized tax benefits in income tax expense. The Company is subject to U.S. federal income tax, as well as various state and foreign jurisdictions. The Company is currently open to audit under the statute of limitations by the federal and state jurisdictions for the years ending June 30, 2012 through 2014. The Company does not anticipate any material amount of unrecognized tax benefits within the next 12 months. The cumulative amount of undistributed earnings of foreign subsidiaries that the Company intends to permanently invest and upon which no deferred US income taxes have been provided is $28,046,265 as of June 30, 2015. The additional US income tax on unremitted foreign earnings, if repatriated, would be offset in part by foreign tax credits. The extent of this offset would depend on many factors, including the method of distribution, and specific earnings distributed. The Company determined that it is not practicable to determine unrecognized deferred tax liability associated with the unremitted earnings attributable to the foreign subsidiaries. Income form the export of computer software and its related services developed in Pakistan is exempt from tax through June 30, 2016.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Stockholders' Equity	NOTE 14 – STOCKHOLDERS’ EQUITY During the years ended June 30, 2015 and 2014, the Company issued 152,500 and 65,000 restricted shares of common stock, respectively, for services rendered by officers of the Company. These shares were valued at the fair market value of $699,000 and $663,350, respectively, and recorded as compensation expense in the accompanying consolidated financial statements. During the years ended June 30, 2015 and 2014, the Company issued 41,726 and 5,173 restricted shares of common stock, for services rendered by the independent members of the Board of Directors as part of their board compensation. These shares were valued at the fair market value of $173,633 and $55,249, and recorded as compensation expense in the accompanying consolidated financial statements. During the years ended June 30, 2015 and 2014, the Company issued 170,275 and 9,000 restricted shares of common stock, respectively, to employees pursuant to the terms of their employment agreements. These shares were valued at the fair market value of $603,075 and $81,394, respectively, and recorded as compensation expense in the accompanying consolidated financial statements. During the years ended June 30, 2014, the Company issued 2,400 restricted shares of common stock for services performed by unrelated consultants. These shares were valued at the fair market value of $17,424, respectively, and recorded as general and administrative costs in the accompanying consolidated financial statements. During the year ended June 30, 2014, the Company issued 27,000 shares of its common stock for the settlement of a payable to a related party valued at $210,060. During the year ended June 30, 2015, the Company received $2,359,530 pursuant to a stock purchase agreement for the purchase of 743,107 restricted shares of common stock at price ranging from $2.85 to $4.46 per share. During the year ended June 30, 2015, the Company received $191,400 pursuant to a stock option agreement for the exercise of 49,329 restricted shares of common stock at price of $3.88 per share. During the year ended June 30, 2015, the Company determined that certain subscription receivables related to stock issuances in previous years were deemed uncollectible and reduced the subscription receivable account $982,181 with a corresponding entry to additional-paid-in-capital. During the year ended June 30, 2015, the Company determined that certain subscription receivables related to the exercise of stock options were deemed uncollectible and reduced the subscription receivable account by $158,635 with a corresponding entry to compensation expense.

Stock Based Compensation

Stock Based Compensation	12 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Based Compensation	NOTE 15 – STOCK BASED COMPENSATION The Company maintains several Incentive and Non-Statutory Stock Option Plans (“Plans”) for its employees and consultants. Options granted under these Plans to an employee of the Company become exercisable over a period of no longer than ten (10) years and no less than twenty percent (20%) of the shares are exercisable annually. Options are not exercisable, in whole or in part, prior to one (1) year from the date of grant unless the board of directors specifically determines otherwise, as provided. Two types of options may be granted under these Plans: (1) Incentive Stock Options (also known as Qualified Stock Options) which may only be issued to employees of the Company and whereby the exercise price of the option is not less than the fair market value of the common stock on the date it was reserved for issuance under the Plan; and (2) Non-statutory Stock Options which may be issued to either employees or consultants of the Company and whereby the exercise price of the option is less than the fair market value of the common stock on the date it was reserved for issuance under the plan. Grants of options may be made to employees and consultants without regard to any performance measures. All options issued pursuant to the Plan are nontransferable and subject to forfeiture. In May 2015, the shareholders approved the 2015 Equity Incentive Plan (the “2015 Plan”) which provides for the grant of equity-based awards, including options, stock appreciation rights, restricted stock awards or performance share awards or any other right or interest relating to shares or cash, to eligible participants. The aggregate number of shares reserved and available for award under the 2015 Plan was 1,250,000. The 2015 Plan contemplates the issuance of common stock upon exercise of options or other awards granted to eligible persons under the 2015 Plan. Shares issued under the 2015 Plan may be both authorized and unissued shares or previously issued shares acquired by the Company. Upon termination or expiration of an unexercised option, stock appreciation right or other stock-based award under the 2015 Plan, in whole or in part, the number of shares of common stock subject to such award again becomes available for grant under the 2015 Plan. Any shares of restricted stock forfeited as described below will become available for grant. The maximum number of shares that may be granted to any one participant in any calendar year may not exceed 50,000 shares. All options issued pursuant to the Plan are nontransferable and subject to forfeiture. Options granted under the 2015 Plan are not generally transferable and must be exercised within 10 years, subject to earlier termination upon termination of the option holder’s employment, but in no event later than the expiration of the option’s term. The exercise price of each option may not be less than the fair market value of a share of the Company’s common stock on the date of grant (except in connection with the assumption or substitution for another option in a manner qualifying under Section 424(a) of the Internal Revenue Code of 1986, as amended. Incentive stock options granted to any participant who owns 10% or more of the Company’s outstanding common stock (a “Ten Percent Shareholder”) must have an exercise price equal to or exceeding 110% of the fair market value of a share of our common stock on the date of the grant and must not be exercisable for longer than five years. Options become vested and exercisable at such times or upon such events and subject to such terms, conditions, performance criteria or restrictions as specified by the Committee. The maximum term of any option granted under the 2015 Plan is ten years, provided that an incentive stock option granted to a Ten Percent Shareholder must have a term not exceeding five years. Under the 2015 Plan, a participant may also be awarded a “performance award,” which means that the participant may receive cash, stock or other awards contingent upon achieving performance goals established by the Committee. The Committee may also make “deferred share” awards, which entitle the participant to receive the Company’s stock in the future for services performed between the date of the award and the date the participant may receive the stock. The vesting of deferred share awards may be based on performance criteria and/or continued service with the Company. A participant who is granted a “stock appreciation right” under the Plan has the right to receive all or a percentage of the fair market value of a share of stock on the date of exercise of the stock appreciation right minus the grant price of the stock appreciation right determined by the Committee (but in no event less than the fair market value of the stock on the date of grant). Finally, the Committee may make “restricted stock” awards under the 2015 Plan, which are subject to such terms and conditions as the Committee determines and as are set forth in the award agreement related to the restricted stock. As of June 30, 2015, no shares were issued under this plan to non-officer employees. A summary of option and warrant activity for the years ended June 30, 2015 and 2014 is presented below: # of shares Weighted Ave Exercise Price Weighted Average Remaining Contractual Life (in years) Aggregated Intrinsic Value OPTIONS: Outstanding and exercisable, June 30, 2013 311,462 $ 15.65 3.3 $ 523,125 Granted 612,793 $ 4.32 Exercised (112,793 ) $ 6.29 Expired / Cancelled (54,000 ) $ 32.92 Outstanding June 30, 2014 757,462 $ 6.65 2.2 $ - Granted - - Exercised (49,329 ) $ 3.88 Expired / Cancelled - - Outstanding and exercisable, June 30, 2015 708,133 $ 6.84 1.22 $ 572,352 WARRANTS: Outstanding and exercisable, June 30, 2013 163,124 $ 7.29 3.19 $ 451,519 Granted / adjusted - - Exercised - - Expired - - Outstanding and exercisable, June 30, 2014 163,124 $ 7.29 2.2 $ - Granted / adjusted - - Exercised - - Expired - - Outstanding and exercisable, June 30, 2015 163,124 $ 7.29 1.22 $ - The following table summarizes information about stock options and warrants outstanding and exercisable at June 30, 2015: Exercise Price Number Outstanding and Exercisable Weighted Average Remaining Contractual Life Weighted Ave Exercise Price OPTIONS: $0.10 - $9.90 634,133 1.27 $ 4.84 $10.00 - $19.90 14,000 0.63 $ 18.18 $20.00 - $29.90 60,000 0.84 $ 25.33 Totals 708,133 1.22 $ 6.84 WARRANTS: $5.00 - $7.50 163,124 1.22 $ 7.29 Totals 163,124 1.22 $ 7.29 The assumptions used in calculating the fair value of options granted using the Black-Scholes option-pricing model for options granted during the years ended June 30, 2015 and 2014 are as follows: June 30, 2015 June 30, 2014 Risk-free interest rate - 0.05% - 0.47% Expected life - 1 month - 10 years Expected volatility - 17.5% - 57.88% Expected dividend - 0% The weighted average grant-date fair value for the options granted during the year ended June 30, 2014, was $1.32. The Company recorded compensation expense of $622,490 and $189,937 for the years ended June 30, 2015 and 2014, respectively. The following table summarizes stock grants awarded as compensation: # of shares Weighted Average Grant Date Fair Value ($) Unvested, June 30, 2013 - - Granted 337,899 $ 5.78 Vested (105,899 ) $ 10.00 Unvested, June 30, 2014 232,000 $ 3.88 Granted 113,275 $ 3.26 Vested (338,608 ) $ 3.60 Unvested, June 30, 2015 6,667 $ 6.00 For the years ended June 30, 2015 and 2014, the Company recorded compensation expense of $1,475,707 and $1,059,186, respectively. The compensation expense related to the unvested stock grants as of June 30, 2015 was $40,000 which will be recognized over the weighted average period of 1 year.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 16 – COMMITMENTS AND CONTINGENCIES (A) ● The Company’s headquarters is located in Calabasas California with approximately 7,210 rentable square feet for $22,456 per month. The term of the lease is for five years and five months and expires August 31, 2017. A $23,821 security deposit is included in other current assets in the accompanying consolidated financial statements. ● The Australia lease is a two-year lease that expires in March 2016 with a monthly rent of approximately $8,437. ● The Beijing lease is a three-year lease that expires in January 2017 with a monthly rent of approximately $13,725. ● The Bangkok lease is a three years lease expiring in November 2016 with monthly rent of approximately $8,887. ● The NetSol Europe facilities, located in Horsham, United Kingdom, are leased until June 23, 2021 with an annual rent of approximately $110,022. ● VLS facilities, located in Chester, United Kingdom, are leased until July 2016 with an annual rent of approximately $33,401. ● NTA facilities are located in Alameda, California with a monthly rent of $8,381. The Alameda lease expired in November 2014, which has been renewed through January 2018. ● The NetSol Karachi office lease expires in November 2019 and currently is rented at the rate of approximately $7,714 per month. Upon expiration of the leases, the Company does not anticipate any difficulty in obtaining renewals or alternative space. Rent expense amounted to $1,524,677 and $1,617,598 for the years ended June 30, 2015 and 2014, respectively. The total annual lease commitment for the next five years is as follows: FYE 6/30/16 $ 971,890 FYE 6/30/17 751,488 FYE 6/30/18 394,212 FYE 6/30/19 202,593 FYE 6/30/20 148,593 (B) As previously disclosed, on July 25, 2014, purported class action lawsuits were filed in the U.S. District Court for the Central District of California against the Company and three of its current or former officers and/or directors, which have been consolidated under the caption Rand-Heart of New York, Inc. v. NetSol Technologies, Inc., et al. The Company continues to believe the amended allegations are meritless and intends to vigorously defend all claims asserted. The Company has engaged counsel and has liability insurance. Given the early stage of the litigation, however, at this time the Company is unable to form a professional judgment that an unfavorable outcome is either probable or remote, and it is not possible to assess whether or not the outcome of these proceedings will or will not have a material adverse effect on the Company.

Segment Information and Geograp

Segment Information and Geographic Areas	12 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Segment Information and Geographic Areas	NOTE 17 – SEGMENT INFORMATION AND GEOGRAPHIC AREAS The Company has identified three global regions or segments for its products and services; North America, Europe, and Asia-Pacific. The reportable segments are business units located in different global regions. Each business unit provides similar products and services; license fees for leasing and asset-based software, related maintenance fees, and implementation and IT consulting services. Separate management of each segment is required because each business unit is subject to operational issues and strategies unique to their particular regional location. We account for intercompany sales and expenses as if the sales or expenses were to third parties and eliminate them in consolidation. The following table presents a summary of identifiable assets as of June 30, 2015 and 2014: As of As of June 30, 2015 June 30, 2014 Identifiable assets: Corporate headquarters $ 4,896,334 $ 5,150,823 North America 7,162,846 7,406,631 Europe 6,631,945 6,169,265 Asia - Pacific 70,271,209 76,176,555 Consolidated $ 88,962,334 $ 94,903,274 The following table presents a summary of operating information for the years ended June 30: 2015 2014 Revenues from unaffiliated customers: North America $ 5,535,183 $ 4,729,908 Europe 5,707,127 5,813,744 Asia - Pacific 32,110,574 20,154,790 43,352,884 30,698,442 Revenue from affiliated customers Europe 1,652,077 715,567 Asia - Pacific 6,043,617 4,970,794 7,695,694 5,686,361 Consolidated $ 51,048,578 $ 36,384,803 Intercompany revenue Europe $ 302,812 $ 490,888 Asia - Pacific 4,620,426 3,680,292 Eliminated $ 4,923,238 $ 4,171,180 Net income (loss) after taxes and before non-controlling interest: Corporate headquarters $ (4,306,400 ) $ (4,372,278 ) North America 685,008 893,947 Europe (767,103 ) (2,078,631 ) Asia - Pacific (860,677 ) (8,539,512 ) Discontinued operation - 1,158,752 Consolidated $ (5,249,172 ) $ (12,937,722 ) Depreciation and amortization: Corporate headquarters $ 16,148 $ 47,932 North America 165,240 100,875 Europe 665,826 854,163 Asia - Pacific 9,496,600 7,727,766 Consolidated $ 10,343,814 $ 8,730,736 Interest expense: Corporate headquarters $ 13,783 $ 34,461 North America 1,588 6,916 Europe 52,926 164,569 Asia - Pacific 98,665 49,731 Consolidated $ 166,962 $ 255,677 Income tax expense: Europe $ 1,244 $ 7,298 Asia - Pacific 412,254 330,984 Consolidated $ 413,498 $ 338,282 The following table presents a summary of capital expenditures for the years ended June 30: 2015 2014 Capital expenditures: Corporate headquarters $ 3,439 $ 4,531 North America 47,497 16,387 Europe 140,870 523,189 Asia - Pacific 3,366,906 12,692,029 Consolidated $ 3,558,712 $ 13,236,136 Geographic Information Disclosed in the table below is geographic information for each country that comprised greater than five percent of total revenues for the years ended June 30 2015 and 2014. June 30, 2015 June 30, 2014 Revenue Long-lived Assets Revenue Long-lived Assets China $ 15,119,518 $ 27,453 $ 9,924,993 $ 10,420 Thailand 4,842,577 123,097 3,833,442 612,189 USA 7,190,905 4,715,670 6,205,706 4,982,884 UK 10,641,565 4,075,864 8,745,813 4,689,185 Pakistan & India 1,868,090 48,457,329 1,278,860 57,717,521 Australia & New Zealand 2,672,265 37,303 1,960,661 28,515 Mexico 1,202,832 - 1,133,492 - Indonesia 5,212,919 - - - Other Countries 2,297,907 14,953.00 3,301,836 - Total $ 51,048,578 $ 57,451,669 $ 36,384,803 $ 68,040,714 Disclosed in the table below is the reconciliation of revenue from un-affiliated parties by each entity and country disclosed above for the years ended June 30 2015 and 2014. Revenues 2015 Total China Thailand USA UK Pakistan & India Australia & New Zealand Mexico Indonesia Other Countries North America: $ 5,535,183 $ - $ - $ 4,332,351 $ - $ - $ - $ 1,202,832 $ - $ - Europe: 7,375,527 - - - 7,094,304 - - - - 281,223 Asia-Pacific: 38,137,868 15,119,518 4,842,577 2,858,554 3,547,261 1,868,090 2,672,265 - 5,212,919 2,016,684 Total $ 51,048,578 $ 15,119,518 $ 4,842,577 $ 7,190,905 $ 10,641,565 $ 1,868,090 $ 2,672,265 $ 1,202,832 $ 5,212,919 $ 2,297,907 Revenues 2014 Total China Thailand USA UK Pakistan & India Australia & New Zealand Mexico Indonesia Other Countries North America: $ 4,729,909 $ - $ - $ 3,596,417 $ - $ - $ - $ 1,133,492 $ - $ - Europe: 6,529,311 - - - 6,529,311 - - - - - Asia-Pacific: 25,125,583 9,924,993 3,833,442 2,609,289 2,216,502 1,278,860 1,960,661 - - 3,301,836 Total $ 36,384,803 $ 9,924,993 $ 3,833,442 $ 6,205,706 $ 8,745,813 $ 1,278,860 $ 1,960,661 $ 1,133,492 $ - $ 3,301,836

Discontinued Operations

Discontinued Operations	12 Months Ended
	Jun. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	NOTE 18 – DISCONTINUED OPERATIONS On March 31, 2014, the Company sold 100% of its stock in Vroozi, Inc. for a purchase price of $2,716,050 consisting of $1,810,700 cash, a $452,675 non-interest bearing note receivable due September 30, 2014, and a $452,675 non-interest bearing note receivable contingent upon the occurrence of future events; however, the future events must occur before March 31, 2015. The Company recognized a $1,870,871 gain on the sale, which is recorded in the net income (loss) from discontinued operations in the condensed consolidated statements of operations. The $452,674 non-interest bearing note receivable that is contingent upon the occurrence of future events was not included in the gain calculation due to the uncertainty that the future events would occur.

Non-Controlling Interest in Sub

Non-Controlling Interest in Subsidiary	12 Months Ended
	Jun. 30, 2015
Noncontrolling Interest [Abstract]
Non-Controlling Interest in Subsidiary	NOTE 19 – NON-CONTROLLING INTEREST IN SUBSIDIARY The Company had non-controlling interests in several of its subsidiaries. The balance of non-controlling interest as of June 30, 2015 and 2014 was as follows: SUBSIDIARY Non Controlling Interest % Non-Controlling Interest at June 30, 2015 NetSol PK 34.90 % $ 11,411,954 NetSol-Innovation 49.90 % 2,035,548 VLS, VLHS & VLSIL Combined 49.00 % 393,139 Total $ 13,840,641 SUBSIDIARY Non Controlling Interest % Non-Controlling Interest at June 30, 2014 NetSol PK 36.62 % $ 14,317,233 NetSol-Innovation 49.90 % 1,546,920 VLS, VLHS & VLSIL Combined 49.00 % 260,359 Total $ 16,124,512 NetSol PK During the year ended June 30, 2015, employees of the NetSol PK exercised 76,500 options of common stock pursuant to employees exercising stock options and NetSol PK received cash $12,185. The Company purchased 1,580,000 shares of common stock of NetSol PK from the open market for $577,222, resulting in an overall decrease in non-controlling interest from 36.62% to 34.90%. NetSol-Innovation During the year ended June 30, 2015, NetSol-Innovation paid a cash dividend of $1,500,000.

Summary of Significant Accoun27

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Principles of Consolidation	(A) Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company as follows: Wholly-owned Subsidiaries NetSol Technologies Americas, Inc. (“NTA”) NetSol Technologies Limited (“NetSol UK”) NetSol Technologies Australia Pty Limited (“NetSol Australia”) NetSol Technologies Europe Limited (“NTE”) NTPK (Thailand) Co. Limited (“NTPK Thailand”) NetSol Technologies Thailand Limited (“NetSol Thai”) NetSol Connect (Private), Ltd. (“Connect”) NetSol Technologies (Beijing) Co. Ltd. (NetSol Beijing) NetSol Omni (Private) Ltd. (“Omni”) NetSol Technologies (GmbH) (“NTG”) Majority-owned Subsidiaries NetSol Technologies, Ltd. (“NetSol PK”) NetSol Innovation (Private) Limited (“NetSol Innovation”) Vroozi, Inc. (“Vroozi”) – discontinued on March 31, 2014 Virtual Lease Services Holdings Limited (“VLSH”) Virtual Lease Services Limited (“VLS”) Virtual Lease Services (Ireland) Limited (VLSIL) The Company consolidates any variable interest entities of which it is the primary beneficiary. Equity investments through which the Company exercises significant influence over but does not control the investee and is not the primary beneficiary of the investee’s activities are accounted for using the equity method. Investments through which the Company is not able to exercise significant influence over the investee and which do not have readily determinable fair values are accounted for under the cost method. All material inter-company accounts have been eliminated in the consolidation.
Basis of Presentation	(B) Basis of Presentation The accompanying consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”).
Use of Estimates	(C) Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents	(D) Cash and Cash Equivalents Cash and cash equivalents include all highly liquid debt instruments with original maturities of three months or less which are not securing any corporate obligations.
Concentration of Credit Risk	(E) Concentration of Credit Risk Cash includes cash on hand and demand deposits in accounts maintained within the United States as well as in foreign countries. Certain financial instruments, which subject the Company to concentration of credit risk, consist of cash and restricted cash. The Company maintains balances at financial institutions which, from time to time, may exceed Federal Deposit Insurance Corporation insured limits for the banks located in the Unites States. Balances at financial institutions within certain foreign countries are not covered by insurance. As of June 30, 2015 and 2014, the Company had uninsured deposits related to cash deposits in accounts maintained within foreign entities of approximately $8,969,443 and $8,399,136, respectively. The Company has not experienced any losses in such accounts. The Company’s operations are carried out globally. Accordingly, the Company’s business, financial condition and results of operations may be influenced by the political, economic and legal environments of each country and by the general state of the country’s economy. The Company’s operations in each foreign country are subject to specific considerations and significant risks not typically associated with companies in economically developed nations. These include risks associated with, among others, the political, economic and legal environments and foreign currency exchange. The Company’s results may be adversely affected by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things. Also, due to the current economic conditions in China and challenges being faced by the Chinese economy, the Company may face a risk of reduction in future revenue growth and non collection of receivables from the customers in China.
Restricted Cash	(F) Restricted Cash The Company has certificates of deposits (“CDs”) in various configurations and maturity dates with Habib American Bank. A portion of these CDs are restricted as collateral to secure outstanding balances on an existing line of credit, and become unrestricted to the extent that they are not required for collateralization purposes. As of June 30, 2015 and 2014, the outstanding balance on the line of credit was $nil and $1,990,984, respectively, with a corresponding restriction to the CDs balances. The line of credit had a maximum available balance of $2,000,000. In addition, the Company has placed $90,000 in a savings account with HSBC as collateral against a standby letter of credit issued by the bank in favor of the landlord for office space. One of the Company’s subsidiary also has certificates of deposits with Habib American Bank. These CDs are restricted as collateral to secure outstanding balances on an existing line of credit, and become unrestricted to the extent that they are not required for collateralization purposes. As of June 30, 2015 and 2014, the outstanding balance on the line of credit was $nil and $447,860, respectively, with a corresponding restriction to the CDs balances. The line of credit had a maximum available balance of $500,000.
Allowance for Doubtful Accounts	(G) Allowance for Doubtful Accounts The Company maintains an allowance for doubtful accounts for estimated losses inherent in its accounts receivable portfolio. In establishing the required allowance, management regularly reviews the composition of accounts receivable and analyzes customer credit worthiness, customer concentrations, current economic trends and changes in customer payment patterns. Reserves are recorded primarily on a specific identification basis. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. As of June 30, 2015 and 2014, the Company had recorded allowance for doubtful accounts of $524,565 and $1,088,172, respectively.
Revenues in Excess of Billings	(H) Revenues in Excess of Billings Revenues in excess of billings represent the total of the project to be billed to the customer over the revenues recognized per US GAAP. As the customers are billed under the terms of their contract, the corresponding amount is transferred from this account to “Accounts Receivable.”
Property and Equipment	(I) Property and Equipment Property and equipment are stated at cost. Expenditures for maintenance and repairs are charged to earnings as incurred; additions, renewals and betterments are capitalized. When property and equipment are retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts, and any gain or loss is included in operations. Depreciation is computed using various methods over the estimated useful lives of the assets, ranging from three to twenty years. Following is the summery of estimated useful lives of the assets: Category Estimated Useful Life Computer Equipment 3 to 5 Years Office furniture and equipment: 5 to 10 Years Building 20 Years Autos 5 Years Assets under capital leases 3 to 10 Years Improvements 5 to 10 Years The Company capitalizes costs of materials, consultants, and payroll and payroll-related costs for employees incurred in developing internal-use computer software. These costs are included with “Computer equipment and software.”
Impairment of Long-Lived Assets	(J) Impairment of Long-Lived Assets The Company tests long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable through the estimated undiscounted cash flows expected to result from the use and eventual disposition of the assets. Whenever any such impairment exists, an impairment loss will be recognized for the amount by which the carrying value exceeds the fair value.
Intangible Assets	(K) Intangible Assets Intangible assets consist of product licenses, renewals, enhancements, copyrights, trademarks, trade names, and customer lists. Intangible assets with finite lives are amortized over the estimated useful life and are evaluated for impairment at least on an annual basis and whenever events or changes in circumstances indicate that the carrying value may not be recoverable. The Company assesses recoverability by determining whether the carrying value of such assets will be recovered through the discounted expected future cash flows. If the future discounted cash flows are less than the carrying amount of these assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets.
Software Development Costs	(L) Software Development Costs Costs incurred to internally develop computer software products or to enhance an existing product are recorded as research and development costs and expensed when incurred until technological feasibility for the respective product is established. Thereafter, all software development costs are capitalized and reported at the lower of unamortized cost or net realizable value. Capitalization ceases when the product or enhancement is available for general release to customers. The Company makes on-going evaluations of the recoverability of its capitalized software projects by comparing the amount capitalized for each product to the estimated present value of expected future net income from the product. If such evaluations indicate that the unamortized software development costs exceed the present value of expected future net income, the Company writes off the amount which the unamortized software development costs exceed such present value. Capitalized and purchased computer software development costs are being amortized ratably based on the projected revenue associated with the related software or on a straight-line basis.
Goodwill	(M) Goodwill Goodwill represents the excess of the aggregate purchase price over the fair value of the net assets acquired in a purchase businesses combination. Goodwill is reviewed for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that the carrying amount of goodwill may be impaired. The goodwill impairment test is a two-step test. Under the first step, the fair value of the reporting unit is compared with its carrying value including goodwill. If the fair value of the reporting unit exceeds its carrying value, step two does not need to be performed. If the fair value of the reporting unit is less than its carrying value, an indication of goodwill impairment exists for the reporting unit and the enterprise must perform step two of the impairment test. Under step two, an impairment loss is recognized for any excess of the carrying amount of the reporting unit’s goodwill over the implied fair value of that goodwill. The implied fair value of goodwill is determined by allocating the fair value of the reporting unit in a manner similar to a purchase price allocation. The residual fair value after this allocation is the implied fair value of the reporting unit goodwill.
Fair Value of Financial Instruments	(N) Fair Value of Financial Instruments The Company applies the provisions of ASC 820-10, “Fair Value Measurements and Disclosures.” The three levels of valuation hierarchy are defined as follows: Level 1: Valuations consist of unadjusted quoted prices in active markets for identical assets and liabilities and has the highest priority. Level 2: Valuations rely on quoted prices in markets that are not active or observable inputs over the full term of the asset or liability. Level 3: Valuations are based on prices or third party or internal valuation models that require inputs that are significant to the fair value measurement and are less observable and thus have the lowest priority. Management analyzes all financial instruments with features of both liabilities and equity under ASC 480, “Distinguishing Liabilities From Equity” “Derivatives and Hedging.”
Revenue Recognition	(O) Revenue Recognition The Company recognizes revenue from license contracts without major customization when a non-cancelable, non-contingent license agreement has been signed, delivery of the software has occurred, the fee is fixed or determinable, and collectability is probable. Revenue from the sale of licenses with major customization, modification, and development is recognized on a percentage of completion method. Revenue from the implementation of software is recognized on a percentage of completion method. Revenue from consulting services is recognized as the services are performed for time-and-materials contracts. Revenue from training and development services is recognized as the services are performed. Revenue from maintenance agreements is recognized ratably over the term of the maintenance agreement, which in most instances is one year.
Multiple Element Arrangements	(P) Multiple Element Arrangements The Company may enter into multiple element revenue arrangements in which a customer may purchase a number of different combinations of software licenses, consulting services, maintenance and support, as well as training and development. Vendor specific objective evidence (“VSOE”) of fair value for each element is based on the price for which the element is sold separately. The Company determines the VSOE of fair value of each element based on historical evidence of the Company’s stand-alone sales of these elements to third-parties or from the stated renewal rate for the elements contained in the initial software license arrangement. When VSOE of fair value does not exist for any undelivered element, revenue is deferred until the earlier of the point at which such VSOE of fair value exists or until all elements of the arrangement have been delivered. The only exception to this guidance is when the only undelivered element is maintenance and support or other services, then the entire arrangement fee is recognized ratably over the performance period.
Unearned Revenue	(Q) Unearned Revenue Unearned revenue represents billings in excess of revenue earned on contracts and are recognized on a pro-rata basis over the life of the contract. Unearned revenue was $4,897,327 and $3,239,852 as of June 30, 2015 and 2014, respectively.
Cost of Revenues	(R) Cost of Revenues Cost of revenues includes salaries and benefits for technical employees, consultant costs, amortization of capitalized computer software development costs, depreciation of computer and equipment, travel costs, and indirect costs such as rent and insurance.
Advertising Costs	(S) Advertising Costs The Company expenses the cost of advertising as incurred. Advertising costs for the years ended June 30, 2015 and 2014 were $250,801 and $237,391, respectively.
Share-Based Compensation	(T) Share-Based Compensation The Company records stock compensation in accordance with ASC 718, Compensation – Stock Compensation
Income Taxes	(U) Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is provided for deferred tax assets if it is more likely than not these items will either expire before the Company is able to realize their benefits, or that future deductibility is uncertain. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Applicable interest and penalties associated with unrecognized tax benefits are classified as additional income taxes in the statements of operations.
Foreign Currency Translation	(V) Foreign Currency Translation The Company transacts business in various foreign currencies. The accounts of NetSol UK, NTE, VLSH and VLS use the British Pound; VLSIL and NTG use the Euro; NetSol PK, Connect, Omni and NetSol Innovation use Pakistan Rupees; NTPK Thailand and NetSol Thai use Thai Baht; NetSol Australia uses the Australian dollar; and NetSol Beijing uses the Chinese Yuan as the functional currencies. NetSol Technologies, Inc., and its subsidiaries, NTA and Vroozi, use the U.S. dollar as the functional currency. Consequently, revenues and expenses of operations outside the United States are translated into U.S. Dollars using average exchange rates while assets and liabilities of operations outside the United States are translated into U.S. Dollars using exchange rates at the balance sheet date. The effects of foreign currency translation adjustments are recorded to other comprehensive income. Accumulated translation losses classified as an item of accumulated other comprehensive loss in the stockholders’ equity section of the consolidated balance sheets were $17,167,100 and $14,979,223 as of June 30, 2015 and 2014, respectively. During the years ended June 30, 2015 and 2014, comprehensive income (loss) in the consolidated statements of operations included NetSol’s share of translation loss of $2,187,877 and gain of $734,889, respectively. Net foreign exchange transaction gains (losses) included in non-operating income (expense) in the accompanying consolidated statements of operations were $(453,770) and $50,777 for the years ended June 30, 2015 and 2014, respectively.
Statement of Cash Flows	(W) Statement of Cash Flows The Company’s cash flows from operations are calculated based upon the local currencies. As a result, amounts related to assets and liabilities reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheet.
Segment Reporting	(X) Segment Reporting The Company defines operating segments as components about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performances. The Company allocates its resources and assesses the performance of its sales activities based on the geographic locations of its subsidiaries (see Note 17).
Reclassifications	(Y) Reclassifications Certain 2014 balances have been reclassified to conform to the 2015 presentation.
New Accounting Pronouncements	(Z) New Accounting Pronouncements In April 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant and Equipment (Topic 360).” ASU 2014-08 amends the requirements for reporting discontinued operations and requires additional disclosures about discontinued operations. Under the new guidance, only disposals representing a strategic shift in operations or that have a major effect on the Company’s operations and financial results should be presented as discontinued operations. This new accounting guidance is effective for annual periods beginning after December 15, 2014. The Company is currently evaluating the impact of adopting ASU 2014-08 on the Company’s results of operations or financial condition. In May 2014, the (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers In June 2014, the FASB issued Accounting Standards Update No. 2014-12, Compensation — Stock Compensation (Topic 718), Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period (a consensus of the FASB Emerging Issues Task Force) In August 2014, the FASB issued Accounting Standards Update No. 2014-15, Presentation of Financial Statements – Going Concern (Subtopic 205-40), Disclosure of Uncertainties about an Entities Ability to Continue as a Going Concern In January 2015, the FASB issued Accounting Standards Update No. 2015-01, Income Statement – Extraordinary and Unusual items In February 2015, FASB issued ASU No. 2015-02, (Topic 810): Amendments to the Consolidation Analysis. In April 2015, FASB issued ASU No. 2015-03, (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. In April 2015, FASB issued ASU No. 2015-05, (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangements. No other recently issued accounting pronouncements are expected to have a material impact on the Company’s consolidated financial statements.

Summary of Significant Accoun28

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Summary of Estimated Useful Lives of Assets	Following is the summery of estimated useful lives of the assets: Category Estimated Useful Life Computer Equipment 3 to 5 Years Office furniture and equipment: 5 to 10 Years Building 20 Years Autos 5 Years Assets under capital leases 3 to 10 Years Improvements 5 to 10 Years

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Jun. 30, 2015
Net loss per share:
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	As of June 30, 2015 and 2014, the following potential dilutive shares were excluded from the shares used to calculate diluted earnings per share as their inclusion would be anti-dilutive. For the Years Ended June 30, 2015 2014 Stock Options 708,133 257,462 Warrants 163,124 163,124 871,257 420,586

Other Current Assets (Tables)

Other Current Assets (Tables)	12 Months Ended
	Jun. 30, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Current Assets	Other current assets consisted of the following: As of June 30, As of June 30, 2015 2014 Prepaid Expenses $ 452,314 $ 450,451 Advance Income Tax 895,075 918,300 Employee Advances 36,816 46,730 Security Deposits 195,336 189,905 Tender Money Receivable 26,435 81,420 Other Receivables 322,647 645,397 Other Assets 83,567 430,508 Due From Related Party (1 ) - 95,168 Total $ 2,012,190 $ 2,857,879 (1) Due from related party as of June 30, 2015 and 2014 is a receivable from Atheeb NetSol Saudi Company Limited.

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	Property and equipment consisted of the following: As of June 30, As of June 30, 2015 2014 Office Furniture and Equipment $ 3,104,375 $ 2,628,814 Computer Equipment 25,911,422 27,215,091 Assets Under Capital Leases 1,887,767 1,861,445 Building 8,743,130 6,259,290 Land 2,451,577 3,351,316 Capital Work In Progress 392,243 2,812,181 Autos 943,873 999,277 Improvements 204,779 533,102 Subtotal 43,639,166 45,660,516 Accumulated Depreciation (18,519,532 ) (15,939,388 ) Property and Equipment, Net $ 25,119,634 $ 29,721,128
Summary of Fixed Assets Held Under Capital Leases	Following is a summary of fixed assets held under capital leases as of June 30, 2015 and 2014, respectively: As of June 30, As of June 30, 2015 2014 Computers and Other Equipment $ 590,625 $ 731,354 Furniture and Fixtures 414,023 280,184 Vehicles 883,119 849,907 Total 1,887,767 1,861,445 Less: Accumulated Depreciation - Net (577,215 ) (469,336 ) $ 1,310,552 $ 1,392,109

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	Intangible assets consisted of the following: Product Licenses Customer Lists Technology Total Intangible assets - June 30, 2013 - cost $ 44,837,558 $ 6,052,378 $ 242,702 $ 51,132,638 Additions 3,385,151 - - 3,385,151 Deletion (591,216 ) (591,216 ) Effect of translation adjustment 1,000,875 - - 1,000,875 Accumulated amortization (20,050,310 ) (5,940,633 ) (133,487 ) (26,124,430 ) Net balance - June 30, 2014 $ 28,582,058 $ 111,745 $ 109,215 $ 28,803,018 Intangible Assets - June 30, 2014 - Cost $ 48,632,368 $ 6,052,377 $ 242,702 $ 54,927,447 Additions - - - - Effect of Translation Adjustment (2,325,008 ) - - (2,325,008 ) Accumulated Amortization (23,491,893 ) (6,052,377 ) (242,702 ) (29,786,972 ) Net Balance - June 30, 2015 $ 22,815,467 $ - $ - $ 22,815,467
Estimated Amortization Expense of Intangible Assets over Next Five Years	Estimated amortization expense of intangible assets over the next five years is as follows: Year ended: June 30, 2016 $ 2,804,844 June 30, 2017 2,804,844 June 30, 2018 2,804,844 June 30, 2019 2,804,844 June 30, 2020 2,804,844 Thereafter 8,791,247 $ 22,815,467

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Goodwill Acquired	Goodwill represents the excess of the aggregate purchase price over the fair value of the net assets acquired in prior period businesses combinations. Goodwill was comprised of the following amounts: As of As of June 30, 2015 June 30, 2014 NetSol PK $ 1,166,610 $ 1,166,610 NTE 3,471,814 3,471,814 VLS 214,044 214,044 NTA 4,664,100 4,664,100 Total $ 9,516,568 $ 9,516,568

Accounts Payable and Accrued 34

Accounts Payable and Accrued Expenses (Tables)	12 Months Ended
	Jun. 30, 2015
Payables and Accruals [Abstract]
Schedule of Accounts Payable and Accrued Expenses	Accounts payable and accrued expenses consisted of the following: As of As of June 30, 2015 June 30, 2014 Accounts Payable $ 1,514,841 $ 1,642,325 Accrued Liabilities 3,978,435 2,956,686 Accrued Payroll 8,974 44,185 Accrued Payroll Taxes 282,572 261,261 Interest Payable 41,556 61,555 Taxes Payable 22,957 165,649 Other Payable 103,226 103,226 Total $ 5,952,561 $ 5,234,887

Debts (Tables)

Debts (Tables)	12 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Components of Notes Payable and Capital Leases	Notes and leases payable consisted of the following: As of June 30, 2015 Current Long-Term Name Total Maturities Maturities D&O Insurance (1) $ 79,872 $ 79,872 $ - Habib Bank Line of Credit (2) - - - Bank Overdraft Facility (3) - - - HSBC Loan (4) 447,161 322,349 124,812 Term Finance Facility (5) - - - Loan Payable Bank (6) 2,892,961 2,892,961 - Loan From Related Party (7) 129,979 129,979 - 3,549,973 3,425,161 124,812 Subsidiary Capital Leases (8) 833,872 471,192 362,680 $ 4,383,845 $ 3,896,353 $ 487,492 As of June 30, 2014 Current Long-Term Name Total Maturities Maturities D&O Insurance (1) $ 54,547 $ 54,547 $ - Habib Bank Line of Credit (2) 2,438,844 2,438,844 - Bank Overdraft Facility (3) - - - HSBC Loan (4) 835,899 346,138 489,761 Term Finance Facility (5) 632,527 253,011 379,516 Loan Payable Bank (6) 2,024,087 2,024,087 - Loan From Related Party (7) 322,600.00 194,740.00 127,860.00 6,308,504 5,311,367 997,137 Subsidiary Capital Leases (8) 1,014,834 479,891 534,943 $ 7,323,338 $ 5,791,258 $ 1,532,080 (1) The Company finances Directors’ and Officers’ (“D&O”) liability insurance as well as Errors and Omissions (“E&O”) liability insurance, for which the total balances are renewed on an annual basis and as such are recorded in current maturities. The interest rate on the insurance financing was 0.49% and 0.55% as of June 30, 2015 and 2014, respectively. (2) 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 June 30, 2015 and 2014, respectively. In June 2012, the Company’s subsidiary, NTA, 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 the same value held at the bank. The interest rate on this line of credit is variable and was 1.9% as of June 30, 2015 and 2014, respectively. Combined interest expense for the years ended June 30, 2015 and 2014 was $8,658 and $35,764, respectively. (3) During the year ended June 30, 2008, the Company’s subsidiary, NTE entered into an overdraft facility with HSBC Bank plc whereby the bank would cover any overdrafts up to £300,000, or approximately $471,550. The annual interest rate was 4.75% as of June 30, 2015 and 2014, respectively. This overdraft facility requires that the aggregate amount of invoiced trade debtors (net of provisions for bad and doubtful debts and excluding intra-group debtors) of NTE, not exceeding 90 days old, will not be less than an amount equal to 200% of the facility. As of June 30, 2015, NTE was in compliance with this covenant. (4) In October 2011, the Company’s subsidiary, NTE, entered into a loan agreement with HSBC Bank to finance the acquisition of 51% of a controlling interest in Virtual Leasing Services Limited. HSBC Bank guaranteed the loan up to a limit of £1,000,000, or approximately $1,571,833 for a period of 5 years with monthly payments of £18,420, or approximately $28,953. 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. Interest expense for the years ended June 30, 2015 and 2014 was $47,255 and $70,667, respectively. This facility requires that NTE’s adjusted tangible net worth would not be less than £600,000. For this purpose, adjusted tangible net worth means shareholders’ funds less intangible assets plus non-redeemable preference shares. In addition, NTE’s cash debt service coverage would not fall below 150% of the aggregate debt service cost. As of June 30, 2015, NTE was in compliance with this covenant. (5) 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 $1,084,860 (secured by the first charge of Rs. 580 million or approximately $5.59 million over the land, building and equipment of NetSol PK). The interest rate was 9.79% and 12.39% as of June 30, 2015 and 2014, respectively, which is 2.75% above the six-month Karachi Inter Bank Offering Rate. During the year ended June 30, 2015, NetSol PK paid off the complete liability against this financing. (6) The Company’s subsidiary, NetSol PK, has an export refinance facility with Askari Bank Limited, secured by NetSol PK’s assets. This is a revolving loan that matures every six months. Total facility amount is Rs. 300,000,000 or $2,892,961. Both term and export refinance facilities from Askari Bank Limited amounting to Rupees 300 million ($2.89 million) require NetSol PK to maintain a long term debt equity ratio of 60:40 and the current ratio of 1:1. As of June 30, 2015, NetSol PK was in compliance with this covenant. (7) In October 2013, the Company’s subsidiary, NTE, entered into a loan agreement with Investec, a related party, to finance VLS. The loan amount was £100,000, or approximately $157,183, for a period of 1 year with monthly payments of £8,676, or approximately $13,637. The interest rate was 4.1%. As of June 30, 2015, NTE has paid the loan in full. In March 2014, the Company’s subsidiary, VLS, entered into a loan agreement with Investec. The loan amount was £150,000, or approximately $235,775, for a period of two years with annual payments of £75,000, or approximately $117,887. The interest rate was 3.13%. As of June 30, 2015, VLS has used this facility up to $129,979 including interest due, and was shown as a current maturity. (8) The Company leases various fixed assets under capital lease arrangements expiring in various years through 2018. The assets and liabilities under capital leases are recorded at the lower of the present value of the minimum lease payments or the fair value of the asset. The assets are depreciated over the lesser of their related lease terms or their estimated useful lives and are secured by the assets themselves. Depreciation of assets under capital leases is included in depreciation expense for the years ended June 30, 2015 and 2014.
Schedule of Future Payments of Loans	The following table represents future payments of loans described in the above sub notes 1 to 7 As of June 30, 2015 Loan Payments Due FYE 6/30/16 $ 3,425,161 Due FYE 6/30/17 124,812 Total Loan Payments 3,549,973 Less: Current portion (3,425,161 ) Non-Current portion $ 124,812
Schedule of Aggregate Minimum Future Lease Payments under Capital Leases	Following is the aggregate minimum future lease payments under capital leases for the year ended June 30, 2015: Amount Minimum Lease Payments Due FYE 6/30/16 $ 531,827 Due FYE 6/30/17 307,563 Due FYE 6/30/18 76,621 Total Minimum Lease Payments 916,011 Interest Expense relating to future periods (82,139 ) Present Value of minimum lease payments 833,872 Less: Current portion (471,192 ) Non-Current portion $ 362,680

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Schedule of Consolidated Pre-Tax Income (Loss)	Consolidated pre-tax income (loss) consists of the following: Years Ended June 30, 2015 2014 US operations $ (3,621,392 ) $ (3,478,331 ) Foreign operations (1,214,282 ) (10,279,861 ) $ (4,835,674 ) $ (13,758,192 )
Components of Provision for Income Taxes	The components of the provision for income taxes are as follows: Years Ended June 30, 2015 2014 Current: Federal $ - $ - State and Local - - Foreign 413,498 338,282 Deferred: Federal - - State and Local - - Foreign - - Provision for income taxes $ - $ 338,282
Schedule of Reconciliation of Taxes at Statutory Federal Income Tax Rate Income Tax Expense Benefits	A reconciliation of taxes computed at the statutory federal income tax rate to income tax expense (benefit) is as follows: Years Ended June 30, 2015 2014 Income tax (benefit) provision at statutory rate $ (1,692,486 ) 35.0 % $ (4,677,785 ) 34.0 % State income (benefit) taxes, net of federal tax benefit (278,051 ) 5.7 % (67,583 ) 0.5 % Foreign earnings taxed at different rates 1,655,514 -34.2 % 2,223,746 -16.2 % Change in valuation allowance for deferred tax assets 843,390 -17.4 % 2,584,235 -18.8 % Share of net (income) loss in equity method investee - 0.0 % 217,266 -1.6 % Other (114,869 ) 2.38 % 58,403 -0.4 % Provision for income taxes $ 413,498 -8.6 % $ 338,282 -2.5 %
Schedule of Deferred Income Tax Assets and Liabilities	Deferred income tax assets and liabilities as of June 30, 2015 and 2014 consist of tax effects of temporary differences related to the following: Years Ended June 30, 2015 2014 Net operating loss carry forwards $ 14,527,578 $ 13,947,156 Other 479,674 216,706 Net deferred tax assets 15,007,252 14,163,862 Valuation allowance for deferred tax assets (15,007,252 ) Net deferred tax assets $ - $ -

Stock Based Compensation (Table

Stock Based Compensation (Tables)	12 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Components of Common Stock Purchase Options and Warrants	A summary of option and warrant activity for the years ended June 30, 2015 and 2014 is presented below: # of shares Weighted Ave Exercise Price Weighted Average Remaining Contractual Life (in years) Aggregated Intrinsic Value OPTIONS: Outstanding and exercisable, June 30, 2013 311,462 $ 15.65 3.3 $ 523,125 Granted 612,793 $ 4.32 Exercised (112,793 ) $ 6.29 Expired / Cancelled (54,000 ) $ 32.92 Outstanding June 30, 2014 757,462 $ 6.65 2.2 $ - Granted - - Exercised (49,329 ) $ 3.88 Expired / Cancelled - - Outstanding and exercisable, June 30, 2015 708,133 $ 6.84 1.22 $ 572,352 WARRANTS: Outstanding and exercisable, June 30, 2013 163,124 $ 7.29 3.19 $ 451,519 Granted / adjusted - - Exercised - - Expired - - Outstanding and exercisable, June 30, 2014 163,124 $ 7.29 2.2 $ - Granted / adjusted - - Exercised - - Expired - - Outstanding and exercisable, June 30, 2015 163,124 $ 7.29 1.22 $ -
Schedule of Stock Options and Warrants Outstanding and Exercisable Activity	The following table summarizes information about stock options and warrants outstanding and exercisable at June 30, 2015: Exercise Price Number Outstanding and Exercisable Weighted Average Remaining Contractual Life Weighted Ave Exercise Price OPTIONS: $0.10 - $9.90 634,133 1.27 $ 4.84 $10.00 - $19.90 14,000 0.63 $ 18.18 $20.00 - $29.90 60,000 0.84 $ 25.33 Totals 708,133 1.22 $ 6.84 WARRANTS: $5.00 - $7.50 163,124 1.22 $ 7.29 Totals 163,124 1.22 $ 7.29
Schedule of Fair Value of Options Granted Assumptions	The assumptions used in calculating the fair value of options granted using the Black-Scholes option-pricing model for options granted during the years ended June 30, 2015 and 2014 are as follows: June 30, 2015 June 30, 2014 Risk-free interest rate - 0.05% - 0.47% Expected life - 1 month - 10 years Expected volatility - 17.5% - 57.88% Expected dividend - 0%
Summary of Unvested Stock Grants Awarded as Compensation	The following table summarizes stock grants awarded as compensation: # of shares Weighted Average Grant Date Fair Value ($) Unvested, June 30, 2013 - - Granted 337,899 $ 5.78 Vested (105,899 ) $ 10.00 Unvested, June 30, 2014 232,000 $ 3.88 Granted 113,275 $ 3.26 Vested (338,608 ) $ 3.60 Unvested, June 30, 2015 6,667 $ 6.00

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of Annual Lease Commitment	The total annual lease commitment for the next five years is as follows: FYE 6/30/16 $ 971,890 FYE 6/30/17 751,488 FYE 6/30/18 394,212 FYE 6/30/19 202,593 FYE 6/30/20 148,593

Segment Information and Geogr39

Segment Information and Geographic Areas (Tables)	12 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Summary of Identifiable Assets	The following table presents a summary of identifiable assets as of June 30, 2015 and 2014: As of As of June 30, 2015 June 30, 2014 Identifiable assets: Corporate headquarters $ 4,896,334 $ 5,150,823 North America 7,162,846 7,406,631 Europe 6,631,945 6,169,265 Asia - Pacific 70,271,209 76,176,555 Consolidated $ 88,962,334 $ 94,903,274
Summary of Operating Information	The following table presents a summary of operating information for the years ended June 30: 2015 2014 Revenues from unaffiliated customers: North America $ 5,535,183 $ 4,729,908 Europe 5,707,127 5,813,744 Asia - Pacific 32,110,574 20,154,790 43,352,884 30,698,442 Revenue from affiliated customers Europe 1,652,077 715,567 Asia - Pacific 6,043,617 4,970,794 7,695,694 5,686,361 Consolidated $ 51,048,578 $ 36,384,803 Intercompany revenue Europe $ 302,812 $ 490,888 Asia - Pacific 4,620,426 3,680,292 Eliminated $ 4,923,238 $ 4,171,180 Net income (loss) after taxes and before non-controlling interest: Corporate headquarters $ (4,306,400 ) $ (4,372,278 ) North America 685,008 893,947 Europe (767,103 ) (2,078,631 ) Asia - Pacific (860,677 ) (8,539,512 ) Discontinued operation - 1,158,752 Consolidated $ (5,249,172 ) $ (12,937,722 ) Depreciation and amortization: Corporate headquarters $ 16,148 $ 47,932 North America 165,240 100,875 Europe 665,826 854,163 Asia - Pacific 9,496,600 7,727,766 Consolidated $ 10,343,814 $ 8,730,736 Interest expense: Corporate headquarters $ 13,783 $ 34,461 North America 1,588 6,916 Europe 52,926 164,569 Asia - Pacific 98,665 49,731 Consolidated $ 166,962 $ 255,677 Income tax expense: Europe $ 1,244 $ 7,298 Asia - Pacific 412,254 330,984 Consolidated $ 413,498 $ 338,282
Summary of Capital Expenditures	The following table presents a summary of capital expenditures for the years ended June 30: 2015 2014 Capital expenditures: Corporate headquarters $ 3,439 $ 4,531 North America 47,497 16,387 Europe 140,870 523,189 Asia - Pacific 3,366,906 12,692,029 Consolidated $ 3,558,712 $ 13,236,136
Summary of Geographic Information	Disclosed in the table below is geographic information for each country that comprised greater than five percent of total revenues for the years ended June 30 2015 and 2014. June 30, 2015 June 30, 2014 Revenue Long-lived Assets Revenue Long-lived Assets China $ 15,119,518 $ 27,453 $ 9,924,993 $ 10,420 Thailand 4,842,577 123,097 3,833,442 612,189 USA 7,190,905 4,715,670 6,205,706 4,982,884 UK 10,641,565 4,075,864 8,745,813 4,689,185 Pakistan & India 1,868,090 48,457,329 1,278,860 57,717,521 Australia & New Zealand 2,672,265 37,303 1,960,661 28,515 Mexico 1,202,832 - 1,133,492 - Indonesia 5,212,919 - - - Other Countries 2,297,907 14,953.00 3,301,836 - Total $ 51,048,578 $ 57,451,669 $ 36,384,803 $ 68,040,714
Summary of Reconciliation of Revenue	Disclosed in the table below is the reconciliation of revenue from un-affiliated parties by each entity and country disclosed above for the years ended June 30 2015 and 2014. Revenues 2015 Total China Thailand USA UK Pakistan & India Australia & New Zealand Mexico Indonesia Other Countries North America: $ 5,535,183 $ - $ - $ 4,332,351 $ - $ - $ - $ 1,202,832 $ - $ - Europe: 7,375,527 - - - 7,094,304 - - - - 281,223 Asia-Pacific: 38,137,868 15,119,518 4,842,577 2,858,554 3,547,261 1,868,090 2,672,265 - 5,212,919 2,016,684 Total $ 51,048,578 $ 15,119,518 $ 4,842,577 $ 7,190,905 $ 10,641,565 $ 1,868,090 $ 2,672,265 $ 1,202,832 $ 5,212,919 $ 2,297,907 Revenues 2014 Total China Thailand USA UK Pakistan & India Australia & New Zealand Mexico Indonesia Other Countries North America: $ 4,729,909 $ - $ - $ 3,596,417 $ - $ - $ - $ 1,133,492 $ - $ - Europe: 6,529,311 - - - 6,529,311 - - - - - Asia-Pacific: 25,125,583 9,924,993 3,833,442 2,609,289 2,216,502 1,278,860 1,960,661 - - 3,301,836 Total $ 36,384,803 $ 9,924,993 $ 3,833,442 $ 6,205,706 $ 8,745,813 $ 1,278,860 $ 1,960,661 $ 1,133,492 $ - $ 3,301,836

Non-Controlling Interest in S40

Non-Controlling Interest in Subsidiary (Tables)	12 Months Ended
	Jun. 30, 2015
Noncontrolling Interest [Abstract]
Balance of Non-Controlling Interest	The Company had non-controlling interests in several of its subsidiaries. The balance of non-controlling interest as of June 30, 2015 and 2014 was as follows: SUBSIDIARY Non Controlling Interest % Non-Controlling Interest at June 30, 2015 NetSol PK 34.90 % $ 11,411,954 NetSol-Innovation 49.90 % 2,035,548 VLS, VLHS & VLSIL Combined 49.00 % 393,139 Total $ 13,840,641 SUBSIDIARY Non Controlling Interest % Non-Controlling Interest at June 30, 2014 NetSol PK 36.62 % $ 14,317,233 NetSol-Innovation 49.90 % 1,546,920 VLS, VLHS & VLSIL Combined 49.00 % 260,359 Total $ 16,124,512

Summary of Significant Accoun41

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Uninsured deposits related to cash deposits	$ 8,969,443	$ 8,399,136
Allowance for doubtful accounts	524,565	1,088,172
Unearned revenue	4,897,327	3,239,852
Advertising costs	$ 250,801	$ 237,391
Tax benefit	(8.60%)	(2.50%)
Accumulated other comprehensive loss	$ 17,167,100	$ 14,979,223
Comprehensive income (loss)	2,187,877	(734,889)
Gain (loss) on foreign currency exchange transactions	$ (453,770)	50,777
Minimum [Member]
Estimated useful lives	3 years
Tax benefit	50.00%
Maximum [Member]
Estimated useful lives	20 years
Habib American Bank [Member]
Outstanding balance on line of credit	$ 0	1,990,984
Line of credit maximum available balance	2,000,000
Habib American Bank [Member] | Subsidiary [Member]
Outstanding balance on line of credit	0	$ 447,860
Line of credit maximum available balance	500,000
HSBC Bank [Member]
Letter of credit collateral	$ 90,000

Summary of Significant Accoun42

Summary of Significant Accounting Policies - Summary of Estimated Useful Lives of Assets (Details)	12 Months Ended
	Jun. 30, 2015
Minimum [Member]
Estimated useful lives	3 years
Maximum [Member]
Estimated useful lives	20 years
Computer Equipment [Member] | Minimum [Member]
Estimated useful lives	3 years
Computer Equipment [Member] | Maximum [Member]
Estimated useful lives	5 years
Office Furniture and Equipment [Member] | Minimum [Member]
Estimated useful lives	5 years
Office Furniture and Equipment [Member] | Maximum [Member]
Estimated useful lives	10 years
Building [Member]
Estimated useful lives	20 years
Autos [Member]
Estimated useful lives	5 years
Assets under Capital Leases [Member] | Minimum [Member]
Estimated useful lives	3 years
Assets under Capital Leases [Member] | Maximum [Member]
Estimated useful lives	10 years
Improvements [Member] | Minimum [Member]
Estimated useful lives	5 years
Improvements [Member] | Maximum [Member]
Estimated useful lives	10 years

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Potential dilutive shares	871,257	420,586
Stock Options [Member]
Potential dilutive shares	708,133	257,462
Warrants [Member]
Potential dilutive shares	163,124	163,124

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Services of related parties	$ 7,299,743	$ 5,193,826
Accounts receivable, related parties	3,491,899	2,416,500
Net Sol Innovation [Member]
Services of related parties	6,043,617	4,970,794
Accounts receivable, related parties	3,226,733	2,232,610
Investec Asset Finance [Member]
Services of related parties	1,652,077	715,567
Accounts receivable, related parties	$ 265,166	$ 183,890

Major Customers (Details Narrat

Major Customers (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Daimler Financial Services [Member] | Revenue [Member]
Concentration risk, percentage	12.89%	17.42%
Accounts receivable, gross	$ 3,226,733	$ 2,232,610
Daimler Financial Services [Member] | Accounts Receivable [Member]
Accounts receivable, gross	$ 446,754	$ 1,900,270
Innovation Group [Member] | Revenue [Member]
Concentration risk, percentage	11.84%	13.66%
Accounts receivable, gross	$ 3,226,733	$ 2,232,610
Innovation Group [Member] | Accounts Receivable [Member]
Accounts receivable, gross	$ 446,754	$ 1,900,270

Other Current Assets - Schedule

Other Current Assets - Schedule of Other Current Assets (Details) - USD ($)		Jun. 30, 2015	Jun. 30, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses		$ 452,314	$ 450,451
Advance Income Tax		895,075	918,300
Employee Advances		36,816	46,730
Security Deposits		195,336	189,905
Tender Money Receivable		26,435	81,420
Other Receivables		322,647	645,397
Other Assets		$ 83,567	430,508
Due From Related Party	[1]		95,168
Total		$ 2,012,190	$ 2,857,879
[1]	Due from related party as of June 30, 2015 and 2014 is a receivable from Atheeb NetSol Saudi Company Limited.

Property and Equipment (Details

Property and Equipment (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 5,671,155	$ 5,035,922
Depreciation reflected in cost of revenues	3,888,122	3,276,222
Accumulated capitalized interest	$ 0	$ 664,614

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Property, Plant and Equipment [Line Items]
Property and Equipment, Subtotal	$ 43,639,166	$ 45,660,516
Accumulated Depreciation	(18,519,532)	(15,939,388)
Property and Equipment, Net	25,119,634	29,721,128
Office Furniture and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, Subtotal	3,104,375	2,628,814
Computers Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, Subtotal	25,911,422	27,215,091
Assets Under Capital Leases [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, Subtotal	1,887,767	1,861,445
Building [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, Subtotal	8,743,130	6,259,290
Land [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, Subtotal	2,451,577	3,351,316
Capital Work In Progress [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, Subtotal	392,243	2,812,181
Autos [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, Subtotal	943,873	999,277
Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, Subtotal	$ 204,779	$ 533,102

Property and Equipment - Summar

Property and Equipment - Summary of Fixed Assets Held Under Capital Leases (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Capital Leased Assets [Line Items]
Fixed assets held under capital leases,Total	$ 1,887,767	$ 1,861,445
Less: Accumulated Depreciation - Net	(577,215)	(469,336)
Fixed assets held under capital leases, Net	1,310,552	1,392,109
Computers Equipment [Member]
Capital Leased Assets [Line Items]
Fixed assets held under capital leases,Total	590,625	731,354
Furniture and Fixtures [Member]
Capital Leased Assets [Line Items]
Fixed assets held under capital leases,Total	414,023	280,184
Vehicles [Member]
Capital Leased Assets [Line Items]
Fixed assets held under capital leases,Total	$ 883,119	$ 849,907

Intangible Assets (Details Narr

Intangible Assets (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Product Licenses [Member]
Finite-lived unamortized amount	$ 22,815,467
Finite-lived intangible assets, amortization over period	8 years 9 months
Amortization expenses of intangible assets	$ 4,448,735	$ 3,568,366
Three Products [Member]
Amortization expenses of intangible assets	1,184,959
Customer Lists [Member]
Amortization expenses of intangible assets	$ 113,243	75,578
Finite-lived intangible asset, useful life	5 years
Technology [Member]
Amortization expenses of intangible assets	$ 110,681	$ 50,870
Finite-lived intangible asset, useful life	5 years

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets (Details) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Intangible Assets - Beginning balance	$ 54,927,447	$ 51,132,638
Additions		3,385,151
Deletion		(591,216)
Effect of Translation Adjustment	$ (2,325,008)	1,000,875
Accumulated Amortization	(29,786,972)	(26,124,430)
Net Balance - Ending balance	22,815,467	28,803,018
Product Licenses [Member]
Intangible Assets - Beginning balance	$ 48,632,368	44,837,558
Additions		3,385,151
Deletion		(591,216)
Effect of Translation Adjustment	$ (2,325,008)	1,000,875
Accumulated Amortization	(23,491,893)	(20,050,310)
Net Balance - Ending balance	22,815,467	28,582,058
Customer Lists [Member]
Intangible Assets - Beginning balance	$ 6,052,377	$ 6,052,378
Additions
Effect of Translation Adjustment
Accumulated Amortization	$ (6,052,377)	$ (5,940,633)
Net Balance - Ending balance		111,745
Technology [Member]
Intangible Assets - Beginning balance	$ 242,702	$ 242,702
Additions
Effect of Translation Adjustment
Accumulated Amortization	$ (242,702)	$ (133,487)
Net Balance - Ending balance		$ 109,215

Intangible Assets - Estimated A

Intangible Assets - Estimated Amortization Expense of Intangible Assets over Next Five Years (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
June 30, 2016	$ 2,804,844
June 30, 2017	2,804,844
June 30, 2018	2,804,844
June 30, 2019	2,804,844
June 30, 2020	2,804,844
Thereafter	8,791,247
Total	$ 22,815,467	$ 28,803,018

Goodwill (Details Narrative)

Goodwill (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill impairment	$ 0	$ 136,762

Goodwill - Summary of Goodwill

Goodwill - Summary of Goodwill Acquired (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Goodwill	$ 9,516,568	$ 9,516,568
NetSol PK [Member]
Goodwill	1,166,610	1,166,610
NTE [Member]
Goodwill	3,471,814	3,471,814
VLS [Member]
Goodwill	214,044	214,044
NTA [Member]
Goodwill	$ 4,664,100	$ 4,664,100

Investment Under Equity Method

Investment Under Equity Method (Details Narrative) - USD ($)	Apr. 10, 2010	Jun. 30, 2015	Jun. 30, 2014
Net value of investment
Atheeb NetSol [Member]
Initial capital contribution	$ 268,000
Profit sharing amount	$ 266,930
Profit sharing ratio	50.1:49.9

Accounts Payable and Accrued 56

Accounts Payable and Accrued Expenses - Schedule of Accounts Payable and Accrued Expenses (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Payables and Accruals [Abstract]
Accounts Payable	$ 1,514,841	$ 1,642,325
Accrued Liabilities	3,978,435	2,956,686
Accrued Payroll	8,974	44,185
Accrued Payroll Taxes	282,572	261,261
Interest Payable	41,556	61,555
Taxes Payable	22,957	165,649
Other Payable	103,226	103,226
Total	$ 5,952,561	$ 5,234,887

Debts (Details Narrative)

Debts (Details Narrative)

1 Months Ended

12 Months Ended

Mar. 31, 2014USD ($)

Oct. 31, 2013USD ($)

Oct. 31, 2013GBP (£)

Oct. 31, 2011USD ($)

Oct. 31, 2011GBP (£)

Jun. 30, 2015USD ($)

Jun. 30, 2014USD ($)

Jun. 30, 2015GBP (£)

Mar. 31, 2015USD ($)

Mar. 31, 2014GBP (£)

Oct. 31, 2013GBP (£)

Jun. 30, 2012USD ($)

Oct. 31, 2011GBP (£)

Jun. 30, 2008USD ($)

Jun. 30, 2008GBP (£)

Capital Lease Arrangements [Member]

Lease arrangement expiration

years through 2018

NTE [Member]

Percentage of debt service cost

150.00%

GBP [Member] | NTE [Member]

Tangible adjusted net | £

£ 600,000

Habib American Bank [Member]

Line of credit variable interest rate

1.50%

1.50%

Line of credit

$ 0

$ 1,990,984

Line of credit facility, maximum borrowing capacity

$ 2,000,000

Habib American Bank [Member] | NTA [Member]

Line of credit variable interest rate

1.90%

1.90%

Debt instrument, collateral amount

$ 500,000

Habib American Bank [Member] | NTA [Member] | Line of Credit [Member]

Interest expense

$ 35,764

$ 8,658

HSBC Bank [Member] | NTE [Member]

Line of credit variable interest rate

4.00%

4.00%

Interest expense

$ 47,255

$ 70,667

Business acquisition, percentage of voting interests acquired

51.00%

51.00%

Line of credit facility, maximum borrowing capacity

$ 1,571,833

Debt instrument maturity term

5 years

5 years

Line of credit facility, periodic payment

$ 28,953

HSBC Bank [Member] | NTE [Member] | GBP [Member]

Line of credit facility, maximum borrowing capacity | £

£ 1,000,000

Line of credit facility, periodic payment | £

£ 18,420

Debt instrument, base rate

3.50%

3.50%

HSBC Bank [Member] | NTE [Member] | Overdraft Facility [Member]

Line of credit variable interest rate

4.75%

4.75%

Line of credit

$ 471,550

Overdraft credit facility maximum days of debt

90 days

Overdraft credit facility minimum percentage

200.00%

HSBC Bank [Member] | NTE [Member] | Overdraft Facility [Member] | GBP [Member]

Line of credit | £

£ 300,000

Askari Bank [Member] | NetSol PK [Member] | TwoTerm Finance Facility [Member]

Line of credit

$ 1,084,860

Secured debt

$ 5,590,000

Debt instrument, interest rate

9.79%

12.39%

9.79%

Askari Bank [Member] | NetSol PK [Member] | TwoTerm Finance Facility [Member] | Karachi Inter Bank Offering Rate [Member]

Debt instrument, base rate

2.75%

Askari Bank [Member] | NetSol PK [Member] | INR [Member] | TwoTerm Finance Facility [Member]

Line of credit

$ 112,500,000

Secured debt

580,000,000

Asakari Bank Limited [Member] | NetSol PK [Member]

Interest expense

146,264

$ 169,795

Line of credit

2,892,961

Proceeds from Line of credit facility

$ 2,890,000

Debt instrument, interest rate

7.50%

9.40%

7.50%

Long term debt covenant description

long term debt equity ratio of 60:40 and the current ratio of 1:1.

Asakari Bank Limited [Member] | NetSol PK [Member] | INR [Member]

Line of credit

$ 300,000,000

Proceeds from Line of credit facility

$ 300,000,000

Investec [Member] | NTE [Member]

Line of credit facility interest rate

4.10%

4.10%

Line of credit

$ 13,637

Line of credit facility, periodic payment

$ 157,183

Debt instrument, term

1 year

1 year

Investec [Member] | NTE [Member] | GBP [Member]

Line of credit | £

£ 8,676

Line of credit facility, periodic payment | £

£ 100,000

Investec [Member] | VLS [Member]

Line of credit facility interest rate

3.13%

3.13%

Line of credit

$ 235,775

Line of credit facility, maximum borrowing capacity

$ 129,979

Debt instrument, term

2 years

Debt instrument annual payment

$ 117,887

Investec [Member] | VLS [Member] | GBP [Member]

Line of credit | £

£ 150,000

Debt instrument annual payment | £

£ 75,000

Directors' and Officers And Errors and Omissions Liability Insurance [Member]

Line of credit facility interest rate

0.49%

0.55%

0.49%

Debts - Components of Notes Pay

Debts - Components of Notes Payable and Capital Leases (Details) - USD ($)		Jun. 30, 2015	Jun. 30, 2014
Total		$ 3,549,973	$ 6,308,504
Current Maturities		(3,425,161)	5,311,367
Long-Term Maturities		124,812	997,137
Subsidiary Capital Leases, Current Maturities		(471,192)
Subsidiary Capital Leases, Long-Term Maturities		362,680
Total		4,383,845	7,323,338
Current Maturities		3,896,353	5,791,258
Long-Term Maturities		487,492	1,532,080
D & O Insurance [Member]
Total	[1]	79,872	54,547
Current Maturities	[1]	$ 79,872	$ 54,547
Long-Term Maturities	[1]
Habib Bank Line of Credit [Member]
Total	[2]		$ 2,438,844
Current Maturities	[2]		$ 2,438,844
Long-Term Maturities	[2]
Bank Overdraft Facility [Member]
Total	[3]
Current Maturities	[3]
Long-Term Maturities	[3]
HSBC Loan [Member]
Total	[4]	$ 447,161	$ 835,899
Current Maturities	[4]	322,349	346,138
Long-Term Maturities	[4]	$ 124,812	489,761
Term Finance Facility [Member]
Total	[5]		632,527
Current Maturities	[5]		253,011
Long-Term Maturities	[5]		379,516
Loan Payable Bank [Member]
Total	[6]	$ 2,892,961	2,024,087
Current Maturities	[6]	$ 2,892,961	$ 2,024,087
Long-Term Maturities	[6]
Loan From Related Party [Member]
Total	[7]	$ 129,979	$ 322,600
Current Maturities	[7]	$ 129,979	194,740
Long-Term Maturities	[7]		127,860
Subsidiary Capital Leases [Member]
Subsidiary Capital Leases, Total	[8]	$ 833,872	1,014,834
Subsidiary Capital Leases, Current Maturities	[8]	471,192	479,891
Subsidiary Capital Leases, Long-Term Maturities	[8]	$ 362,680	$ 534,943
[1]	The Company finances Directors' and Officers' ("D&O") liability insurance as well as Errors and Omissions ("E&O") liability insurance, for which the total balances are renewed on an annual basis and as such are recorded in current maturities. The interest rate on the insurance financing was 0.49% and 0.55% as of June 30, 2015 and 2014, respectively.
[2]	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 June 30, 2015 and 2014, respectively. In June 2012, the Company's subsidiary, NTA, 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 the same value held at the bank. The interest rate on this line of credit is variable and was 1.9% as of June 30, 2015 and 2014, respectively. Combined interest expense for the years ended June 30, 2015 and 2014 was $8,658 and $35,764, respectively.
[3]	During the year ended June 30, 2008, the Company's subsidiary, NTE entered into an overdraft facility with HSBC Bank plc whereby the bank would cover any overdrafts up to £300,000, or approximately $471,550. The annual interest rate was 4.75% as of June 30, 2015 and 2014, respectively. This overdraft facility requires that the aggregate amount of invoiced trade debtors (net of provisions for bad and doubtful debts and excluding intra-group debtors) of NTE, not exceeding 90 days old, will not be less than an amount equal to 200% of the facility. As of June 30, 2015, NTE was in compliance with this covenant.
[4]	In October 2011, the Company's subsidiary, NTE, entered into a loan agreement with HSBC Bank to finance the acquisition of 51% of a controlling interest in Virtual Leasing Services Limited. HSBC Bank guaranteed the loan up to a limit of £1,000,000, or approximately $1,571,833 for a period of 5 years with monthly payments of £18,420, or approximately $28,953. 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. Interest expense for the years ended June 30, 2015 and 2014 was $47,255 and $70,667, respectively. This facility requires that NTE's adjusted tangible net worth would not be less than £600,000. For this purpose, adjusted tangible net worth means shareholders' funds less intangible assets plus non-redeemable preference shares. In addition, NTE's cash debt service coverage would not fall below 150% of the aggregate debt service cost. As of June 30, 2015, NTE was in compliance with this covenant.
[5]	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 $1,084,860 (secured by the first charge of Rs. 580 million or approximately $5.59 million over the land, building and equipment of NetSol PK). The interest rate was 9.79% and 12.39% as of June 30, 2015 and 2014, respectively, which is 2.75% above the six-month Karachi Inter Bank Offering Rate. During the year ended June 30, 2015, NetSol PK paid off the complete liability against this financing.
[6]	The Company's subsidiary, NetSol PK, has an export refinance facility with Askari Bank Limited, secured by NetSol PK's assets. This is a revolving loan that matures every six months. Total facility amount is Rs. 300,000,000 or $2,892,961. The interest rate for the loans was 7.5% and 9.4% at June 30, 2015 and 2014, respectively. Interest expense for the year ended June 30, 2015 and 2014 was $146,264 and $169,795, respectively. Both term and export refinance facilities from Askari Bank Limited amounting to Rupees 300 million ($2.89 million) require NetSol PK to maintain a long term debt equity ratio of 60:40 and the current ratio of 1:1. As of June 30, 2015, NetSol PK was in compliance with this covenant.
[7]	In October 2013, the Company's subsidiary, NTE, entered into a loan agreement with Investec, a related party, to finance VLS. The loan amount was £100,000, or approximately $157,183, for a period of 1 year with monthly payments of £8,676, or approximately $13,637. The interest rate was 4.1%. As of June 30, 2015, NTE has paid the loan in full. In March 2014, the Company's subsidiary, VLS, entered into a loan agreement with Investec. The loan amount was £150,000, or approximately $235,775, for a period of two years with annual payments of £75,000, or approximately $117,887. The interest rate was 3.13%. As of June 30, 2015, VLS has used this facility up to $129,979 including interest due, and was shown as a current maturity.
[8]	The Company leases various fixed assets under capital lease arrangements expiring in various years through 2018. The assets and liabilities under capital leases are recorded at the lower of the present value of the minimum lease payments or the fair value of the asset. The assets are depreciated over the lesser of their related lease terms or their estimated useful lives and are secured by the assets themselves. Depreciation of assets under capital leases is included in depreciation expense for the years ended June 30, 2015 and 2014.

Debts - Schedule of Future Paym

Debts - Schedule of Future Payments of Loans (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Debt Disclosure [Abstract]
Due FYE 6/30/16	$ 3,425,161
Due FYE 6/30/17	124,812
Total Loan Payments	3,549,973	$ 6,308,504
Less: Current portion	(3,425,161)	5,311,367
Non - Current portion	$ 124,812	$ 997,137

Debts - Schedule of Aggregate M

Debts - Schedule of Aggregate Minimum Future Lease Payments under Capital Leases (Details)	Jun. 30, 2015USD ($)
Debt Disclosure [Abstract]
Due FYE 6/30/16	$ 531,827
Due FYE 6/30/17	307,563
Due FYE 6/30/18	76,621
Total Minimum Lease Payments	916,011
Interest Expense relating to future periods	(82,139)
Present Value of minimum lease payments	833,872
Less: Current portion	(471,192)
Non-Current portion	$ 362,680

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - Jun. 30, 2015 - USD ($)	Total
Valuation allowance increase	$ 843,390
Cumulative amount of undistributed earnings of foreign subsidiaries deferred US income taxes	28,046,265
Federal Tax Authority [Member]
Net operating loss carryforwards	$ 36,374,907
Net operating loss carryforwards expiration date	2,020
State and Local Jurisdiction [Member]
Net operating loss carryforwards	$ 6,414,294
Foreign Entities [Member]
Net operating loss carryforwards	$ 5,018,966

Income Taxes - Schedule of Cons

Income Taxes - Schedule of Consolidated Pre-Tax Income (Loss) (Details) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Income Tax Disclosure [Abstract]
US operations	$ (3,621,392)	$ (3,478,331)
Foreign operations	(1,214,282)	(10,279,861)
Net loss before income taxes	$ (4,835,674)	$ (13,758,192)

Income Taxes - Components of Pr

Income Taxes - Components of Provision for Income Taxes (Details) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Income Tax Disclosure [Abstract]
Current Federal
Current State and Local
Current Foreign	$ 413,498	$ 338,282
Deferred Federal
Deferred State and local
Deferred Foreign
Provision for income taxes	$ 413,498	$ 338,282

Income Taxes - Schedule of Reco

Income Taxes - Schedule of Reconciliation of Taxes at Statutory Federal Income Tax Rate Income Tax Expense Benefits (Details) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Income Tax Disclosure [Abstract]
Income tax (benefit) provision at statutory rate	$ (1,692,486)	$ (4,677,785)
State income (benefit) taxes, net of federal tax benefit	(278,051)	(67,583)
Foreign earnings taxed at different rates	1,655,514	2,223,746
Change in valuation allowance for deferred tax assets	$ 843,390	2,584,235
Share of net (income) loss in equity method investee		217,266
Other	$ (114,869)	58,403
Provision for income taxes	$ 413,498	$ 338,282
Income tax (benefit) provision at statutory rate	35.00%	34.00%
State income (benefit) taxes, net of federal tax benefit	5.70%	0.50%
Foreign earnings taxed at different rates	(34.20%)	(16.20%)
Change in valuation allowance for deferred tax assets	(17.40%)	(18.80%)
Share of net (income) loss in equity method investee	0.00%	(1.60%)
Other	2.38%	(0.40%)
Provision for income taxes	(8.60%)	(2.50%)

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Income Tax Assets and Liabilities (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Income Tax Disclosure [Abstract]
Net operating loss carry forwards	$ 14,527,578	$ 13,947,156
Other	479,674	216,706
Net deferred tax assets	15,007,252	$ 14,163,862
Valuation allowance for deferred tax assets	$ (15,007,252)
Net deferred tax assets

Stockholders' Equity (Details N

Stockholders' Equity (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Issuance of common stock value for services rendered	$ 1,375,149	$ 1,076,610
Adjustment of uncollectable subscription receivable with additional paid in capital	982,181
Adjustment of uncollectable subscription receivable with compensation expense	$ 158,635
Related Party [Member]
Issuance of common stock shares for settlement		27,000
Issuance of common stock value for settlement		$ 210,060
Employees [Member]
Issuance of common stock shares under employment agreement	170,275	9,000
Issuance of common stock value under employment agreement	$ 603,075	$ 81,394
Restricted Stock [Member] | Officer [Member]
Issuance of common stock shares for services rendered	152,500	65,000
Issuance of common stock value for services rendered	$ 699,000	$ 663,350
Restricted Stock [Member] | Board Of Directors [Member]
Issuance of common stock shares for services rendered	41,726	5,173
Issuance of common stock value for services rendered	$ 173,633	$ 55,249
Restricted Stock [Member] | Unrelated Consultants [Member]
Issuance of common stock shares for services rendered		2,400
Issuance of common stock value for services rendered		$ 17,424
Stock Purchase Agreement [Member]
Issuance of restricted common stock, value	$ 2,359,530
Issuance of restricted common stock, shares	743,107
Stock Purchase Agreement [Member] | Minimum [Member]
Common stock price per share	$ 2.85
Stock Purchase Agreement [Member] | Maximum [Member]
Common stock price per share	$ 4.46
Stock Purchase Agreement One [Member]
Issuance of restricted common stock, value	$ 191,400
Issuance of restricted common stock, shares	49,329
Common stock price per share	$ 3.88

Stock Based Compensation (Detai

Stock Based Compensation (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	May. 31, 2015
Compensation expense	$ 1,475,707	$ 1,059,186
Compensation expense related to unvested options yet to be recognized	$ 40,000
Employee Stock Option [Member]
Weighted average grant-date fair value for the options granted	$ 1.32
Compensation expense	$ 622,490	$ 189,937
Incentive and Non-Statutory Stock Option Plans [Member] | Employees and Consultants [Member]
Stock options granted exercisable over a period	10 years
Stock options granted exercisable percentage	20.00%
Stock options granted expiration period	1 year
2015 Equity Incentive Plan [Member]
Stock options granted exercisable over a period	10 years
Number of shares reserved and available for awards			1,250,000
Maximum number of shares granted			50,000
Percentage of outstanding common stock	10.00%
2015 Equity Incentive Plan [Member] | Ten Percent Shareholder [Member]
Stock options granted expiration period	5 years
Percentage of fair market value of shares of common stock grant	110.00%

Stock Based Compensation - Comp

Stock Based Compensation - Components of Common Stock Purchase Options and Warrants (Details) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Warrants [Member]
Number of shares, Outstanding and Exercisable Beginning	163,124	163,124
Number of shares, Granted
Number of shares, Exercised
Number of shares, Expired / Cancelled
Number of shares, Outstanding and Exercisable Ending	163,124	163,124
Weighted Ave Exercise Price, Outstanding and Exercisable Beginning	$ 7.29	$ 7.29
Weighted Ave Exercise Price, Granted
Weighted Ave Exercise Price, Exercised
Weighted Ave Exercise Price, Expired / Cancelled
Weighted Ave Exercise Price, Outstanding and Exercisable Ending	$ 7.29	$ 7.29
Weighted Average Remaining Contractual Life, Outstanding and exercisable Beginning	1 year 2 months 19 days	3 years 2 months 9 days
Weighted Average Remaining Contractual Life, Outstanding and exercisable Ending	1 year 2 months 19 days	2 years 2 months 12 days
Aggregated Intrinsic Value, Outstanding and Exercisable		$ 451,519
Aggregated Intrinsic Value, Outstanding and Exercisable
Options [Member]
Number of shares, Outstanding and Exercisable Beginning	757,462	311,462
Number of shares, Granted		612,793
Number of shares, Exercised	(49,329)	(112,793)
Number of shares, Expired / Cancelled		(54,000)
Number of shares, Outstanding and Exercisable Ending	708,133	757,462
Weighted Ave Exercise Price, Outstanding and Exercisable Beginning	$ 6.65	$ 15.65
Weighted Ave Exercise Price, Granted		4.32
Weighted Ave Exercise Price, Exercised	$ 3.88	6.29
Weighted Ave Exercise Price, Expired / Cancelled		32.92
Weighted Ave Exercise Price, Outstanding and Exercisable Ending	$ 6.84	$ 6.65
Weighted Average Remaining Contractual Life, Outstanding and exercisable Beginning	1 year 2 months 19 days	3 years 3 months 18 days
Weighted Average Remaining Contractual Life, Outstanding and exercisable Ending	1 year 2 months 19 days	2 years 2 months 12 days
Aggregated Intrinsic Value, Outstanding and Exercisable		$ 523,125
Aggregated Intrinsic Value, Outstanding and Exercisable	$ 572,352

Stock Based Compensation - Sche

Stock Based Compensation - Schedule of Stock Options and Warrants Outstanding and Exercisable Activity (Details) - $ / shares	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Warrants [Member]
Number Outstanding and Exercisable, shares	163,124	163,124	163,124
Weighted Average Remaining Contractual Life	1 year 2 months 19 days	3 years 2 months 9 days
Weighted Ave Exericse Price	$ 7.29
Options [Member]
Number Outstanding and Exercisable, shares	708,133	757,462	311,462
Weighted Average Remaining Contractual Life	1 year 2 months 19 days	3 years 3 months 18 days
Weighted Ave Exericse Price	$ 6.84
Price Range One [Member] | Warrants [Member]
Exercise Price, Lower	5
Exercise Price, Upper	$ 7.50
Number Outstanding and Exercisable, shares	163,124
Weighted Average Remaining Contractual Life	1 year 2 months 19 days
Weighted Ave Exericse Price	$ 7.29
Price Range One [Member] | Options [Member]
Exercise Price, Lower	0.10
Exercise Price, Upper	$ 9.90
Number Outstanding and Exercisable, shares	634,133
Weighted Average Remaining Contractual Life	1 year 3 months 7 days
Weighted Ave Exericse Price	$ 4.84
Price Range Two [Member] | Options [Member]
Exercise Price, Lower	10
Exercise Price, Upper	$ 19.90
Number Outstanding and Exercisable, shares	14,000
Weighted Average Remaining Contractual Life	7 months 17 days
Weighted Ave Exericse Price	$ 18.18
Price Range Three [Member] | Options [Member]
Exercise Price, Lower	20
Exercise Price, Upper	$ 29.90
Number Outstanding and Exercisable, shares	60,000
Weighted Average Remaining Contractual Life	10 months 2 days
Weighted Ave Exericse Price	$ 25.33

Stock Based Compensation - Sc70

Stock Based Compensation - Schedule of Fair Value of Options Granted Assumptions (Details)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Risk-free interest rate, minimum		0.05%
Risk-free interest rate, maximum		0.47%
Risk-free interest rate
Expected life
Expected volatility, minimum		17.50%
Expected volatility, maximum		57.88%
Expected volatility
Expected dividend		0.00%
Minimum [Member]
Expected life		1 month
Maximum [Member]
Expected life		10 years

Stock Based Compensation - Summ

Stock Based Compensation - Summary of Unvested Stock Grants Awarded as Compensation (Details) - $ / shares	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Number of shares, Unvested beginning balance	232,000
Number of shares, Granted	113,275	337,899
Number of shares, Vested	(338,608)	(105,899)
Number of shares, Unvested ending balance	6,667	232,000
Weighted Average Grant Date Fair Value, beginning balance	$ 3.88
Weighted Average Grant Date Fair Value, granted	3.26	$ 5.78
Weighted Average Grant Date Fair Value, vested	3.60	10
Weighted Average Grant Date Fair Value, ending balance	$ 6	$ 3.88

Commitments and Contingencies72

Commitments and Contingencies (Details Narrative)	12 Months Ended
	Jun. 30, 2015USD ($)ft²	Jun. 30, 2014USD ($)
Rent expenses	$ 1,524,677	$ 1,617,598
Security deposits	$ 195,336	$ 189,905
Non-cancellable Operating Leases [Member]
Rentable square feet area | ft²	7,210
Rent expenses	$ 22,456
Lease term	5 years 5 months
Lease expiration date	Aug. 31, 2017
Security deposits	$ 23,821
Australia Lease [Member]
Rent expenses	$ 8,437
Lease term	2 years
Lease expiration date	Mar. 31, 2016
Beijing Lease [Member]
Rent expenses	$ 13,725
Lease term	3 years
Lease expiration date	Jan. 31, 2017
Bangkok Lease [Member]
Rent expenses	$ 8,887
Lease term	3 years
Lease expiration date	Nov. 30, 2016
NetSol Europe Facilities [Member]
Rent expenses	$ 110,022
Lease expiration date	Jun. 23, 2021
VLS Facilities [Member]
Rent expenses	$ 33,401
Lease expiration date	Jul. 31, 2016
NTA Facilities [Member]
Rent expenses	$ 8,381
Lease expiration date	Nov. 30, 2014
Lease renewal date	Jan. 31, 2018
NetSol Karachi Office Lease [Member]
Rent expenses	$ 7,714
Lease expiration date	Nov. 30, 2019

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Annual Lease Commitment (Details)	Jun. 30, 2015USD ($)
Commitments and Contingencies Disclosure [Abstract]
FYE 6/30/16	$ 971,890
FYE 6/30/17	751,488
FYE 6/30/18	394,212
FYE 6/30/19	202,593
FYE 6/30/20	$ 148,593

Segment Information and Geogr74

Segment Information and Geographic Areas (Details Narrative)	12 Months Ended
	Jun. 30, 2015Segment
Segment Reporting [Abstract]
Number of Operating Segments	3

Segment Information and Geogr75

Segment Information and Geographic Areas - Summary of Identifiable Assets (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Identifiable Assets	$ 88,962,334	$ 94,903,274
North America [Member]
Identifiable Assets	7,162,846	7,406,631
Europe [Member]
Identifiable Assets	6,631,945	6,169,265
Asia - Pacific [Member]
Identifiable Assets	70,271,209	76,176,555
Corporate Headquaters [Member]
Identifiable Assets	$ 4,896,334	$ 5,150,823

Segment Information and Geogr76

Segment Information and Geographic Areas - Summary of Operating Information (Details) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Revenues	$ 51,048,578	$ 36,384,803
Net income (loss) after taxes and before non-controlling interest	$ (5,249,172)	(14,096,474)
Discontinued operation		1,158,752
Net loss - Consolidated	$ (5,249,172)	(12,937,722)
Depreciation and amortization	10,343,814	8,730,736
Interest expense	166,962	255,677
Income tax expense	413,498	338,282
Intercompany Revenue [Member]
Revenues	4,923,238	4,171,180
North America [Member]
Net income (loss) after taxes and before non-controlling interest	685,008	893,947
Depreciation and amortization	165,240	100,875
Interest expense	1,588	6,916
Europe [Member]
Net income (loss) after taxes and before non-controlling interest	(767,103)	(2,078,631)
Depreciation and amortization	665,826	854,163
Interest expense	52,926	164,569
Income tax expense	1,244	7,298
Europe [Member] | Intercompany Revenue [Member]
Revenues	302,812	490,888
Asia - Pacific [Member]
Net income (loss) after taxes and before non-controlling interest	(860,677)	(8,539,512)
Depreciation and amortization	9,496,600	7,727,766
Interest expense	98,665	49,731
Income tax expense	412,254	330,984
Asia - Pacific [Member] | Intercompany Revenue [Member]
Revenues	4,620,426	3,680,292
Corporate Headquaters [Member]
Net income (loss) after taxes and before non-controlling interest	(4,306,400)	(4,372,278)
Depreciation and amortization	16,148	47,932
Interest expense	13,783	34,461
Unaffiliated Customers [Member]
Revenues	43,352,884	30,698,442
Unaffiliated Customers [Member] | North America [Member]
Revenues	5,535,183	4,729,908
Unaffiliated Customers [Member] | Europe [Member]
Revenues	5,707,127	5,813,744
Unaffiliated Customers [Member] | Asia - Pacific [Member]
Revenues	32,110,574	20,154,790
Affiliated Customers [Member]
Revenues	7,695,694	5,686,361
Affiliated Customers [Member] | Europe [Member]
Revenues	1,652,077	715,567
Affiliated Customers [Member] | Asia - Pacific [Member]
Revenues	$ 6,043,617	$ 4,970,794

Segment Information and Geogr77

Segment Information and Geographic Areas - Summary of Capital Expenditures (Details) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Capital expenditures	$ 3,558,712	$ 13,236,136
Corporate Headquaters [Member]
Capital expenditures	3,439	4,531
North America [Member]
Capital expenditures	47,497	16,387
Europe [Member]
Capital expenditures	140,870	523,189
Asia - Pacific [Member]
Capital expenditures	$ 3,366,906	$ 12,692,029

Segment Information and Geogr78

Segment Information and Geographic Areas - Summary of Geographic Information (Details) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Revenues	$ 51,048,578	$ 36,384,803
Long-Lived Assets	57,451,669	68,040,714
China [Member]
Revenues	15,119,518	9,924,993
Long-Lived Assets	27,453	10,420
Thailand [Member]
Revenues	4,842,577	3,833,442
Long-Lived Assets	123,097	612,189
USA [Member]
Revenues	7,190,905	6,205,706
Long-Lived Assets	4,715,670	4,982,884
UK [Member]
Revenues	10,641,565	8,745,813
Long-Lived Assets	4,075,864	4,689,185
Pakistan & India [Member]
Revenues	1,868,090	1,278,860
Long-Lived Assets	48,457,329	57,717,521
Australia & New Zealand [Member]
Revenues	2,672,265	1,960,661
Long-Lived Assets	37,303	28,515
Mexico [Member]
Revenues	$ 1,202,832	$ 1,133,492
Long-Lived Assets
Indonesia [Member]
Revenues	$ 5,212,919
Long-Lived Assets
Other Countries [Member]
Revenues	$ 2,297,907	$ 3,301,836
Long-Lived Assets	$ 14,953

Segment Information and Geogr79

Segment Information and Geographics Areas - Summary of Reconciliation of Revenue (Details) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Revenues	$ 51,048,578	$ 36,384,803
North America [Member]
Revenues	5,535,183	4,729,909
Europe [Member]
Revenues	7,375,527	6,529,311
Asia - Pacific [Member]
Revenues	38,137,868	25,125,583
China [Member]
Revenues	$ 15,119,518	$ 9,924,993
China [Member] | North America [Member]
Revenues
China [Member] | Europe [Member]
Revenues
China [Member] | Asia - Pacific [Member]
Revenues	$ 15,119,518	$ 9,924,993
Thailand [Member]
Revenues	$ 4,842,577	$ 3,833,442
Thailand [Member] | North America [Member]
Revenues
Thailand [Member] | Europe [Member]
Revenues
Thailand [Member] | Asia - Pacific [Member]
Revenues	$ 4,842,577	$ 3,833,442
USA [Member]
Revenues	7,190,905	6,205,706
USA [Member] | North America [Member]
Revenues	$ 4,332,351	$ 3,596,417
USA [Member] | Europe [Member]
Revenues
USA [Member] | Asia - Pacific [Member]
Revenues	$ 2,858,554	$ 2,609,289
UK [Member]
Revenues	$ 10,641,565	$ 8,745,813
UK [Member] | North America [Member]
Revenues
UK [Member] | Europe [Member]
Revenues	$ 7,094,304	$ 6,529,311
UK [Member] | Asia - Pacific [Member]
Revenues	3,547,261	2,216,502
Pakistan & India [Member]
Revenues	$ 1,868,090	$ 1,278,860
Pakistan & India [Member] | North America [Member]
Revenues
Pakistan & India [Member] | Europe [Member]
Revenues
Pakistan & India [Member] | Asia - Pacific [Member]
Revenues	$ 1,868,090	$ 1,278,860
Australia & New Zealand [Member]
Revenues	$ 2,672,265	$ 1,960,661
Australia & New Zealand [Member] | North America [Member]
Revenues
Australia & New Zealand [Member] | Europe [Member]
Revenues
Australia & New Zealand [Member] | Asia - Pacific [Member]
Revenues	$ 2,672,265	$ 1,960,661
Mexico [Member]
Revenues	1,202,832	1,133,492
Mexico [Member] | North America [Member]
Revenues	$ 1,202,832	$ 1,133,492
Mexico [Member] | Europe [Member]
Revenues
Mexico [Member] | Asia - Pacific [Member]
Revenues
Indonesia [Member]
Revenues	$ 5,212,919
Indonesia [Member] | North America [Member]
Revenues
Indonesia [Member] | Europe [Member]
Revenues
Indonesia [Member] | Asia - Pacific [Member]
Revenues	$ 5,212,919
Other Countries [Member]
Revenues	$ 2,297,907	$ 3,301,836
Other Countries [Member] | North America [Member]
Revenues
Other Countries [Member] | Europe [Member]
Revenues	$ 281,223
Other Countries [Member] | Asia - Pacific [Member]
Revenues	$ 2,016,684	$ 3,301,836

Discontinued Operations (Detail

Discontinued Operations (Details Narrative) - Vroozi [Member] - USD ($)	Mar. 31, 2014	Mar. 31, 2014	Jun. 30, 2014
Percentage of shares sold	100.00%
Sale of stock, purchase price			$ 2,716,050
Sale of stock, purchase price, cash	$ 1,810,700	$ 452,674
Net income (loss) from discontinued operations	1,870,871
Due September 30, 2014 [Member]
Sale of stock, purchase price, non-interest bearing note receivable due	452,675
Contingent Upon Future Events [Member]
Sale of stock, purchase price, non-interest bearing note receivable due	$ 452,675

Non-Controlling Interest in S81

Non-Controlling Interest in Subsidiary (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Number of stock options exercised, value	$ 191,400	$ 709,435
Net Sol Innovation [Member]
Decrease in non-controlling interest	49.90%
Payment of cash dividend	$ 1,500,000
NetSol PK [Member]
Number of stock options exercised, shares	76,500
Number of stock options exercised, value	$ 12,185
Purchase of common stock, shares	1,580,000
Purchase of common stock, value	$ 577,222
NetSol PK [Member] | Maximum [Member]
Decrease in non-controlling interest	36.62%
NetSol PK [Member] | Minimum [Member]
Decrease in non-controlling interest	34.90%

Non-Controlling Interest in S82

Non-Controlling Interest in Subsidiary - Balance of Non-Controlling Interest (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Non-Controlling Interest	$ 13,840,641	$ 16,124,512
VLSVLHS And VLSIL Combined [Member]
Non Controlling Interest, Percentage	49.00%	49.00%
Non-Controlling Interest	$ 393,139	$ 260,359
NetSol PK [Member]
Non Controlling Interest, Percentage		36.62%
Non-Controlling Interest		$ 14,317,233
Net Sol Innovation [Member]
Non Controlling Interest, Percentage		49.90%
Non-Controlling Interest		$ 1,546,920
Net Sol Innovation [Member]
Non Controlling Interest, Percentage	49.90%
Non-Controlling Interest	$ 2,035,548
NetSol PK [Member]
Non Controlling Interest, Percentage	34.90%
Non-Controlling Interest	$ 11,411,954