NetSol (NTWK) 10-Q 12 Nov 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Sep. 30, 2019	Nov. 05, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	NETSOL TECHNOLOGIES INC
Entity Central Index Key	0001039280
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		11,724,606
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2019

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2019	Jun. 30, 2019
Current assets:
Cash and cash equivalents	$ 17,621,379	$ 17,366,364
Accounts receivable, net of allowance of $160,396 and $192,786	8,079,537	12,332,714
Accounts receivable, net of allowance of $172,485 and $166,075 - related party	3,225,787	3,266,600
Revenues in excess of billings, net of allowance of $220,820 and $194,684	16,345,384	14,719,047
Revenues in excess of billings - related party	48,145	110,827
Convertible note receivable - related party	4,085,000	3,650,000
Other current assets	3,351,698	3,146,264
Total current assets	52,756,930	54,591,816
Revenues in excess of billings, net - long term	1,246,660	1,281,492
Property and equipment, net	12,478,841	12,096,855
Right-of-use assets - operating leases	2,734,762
Long term investment	2,460,870	2,653,769
Other assets	25,329	23,569
Intangible assets, net	7,159,422	7,332,950
Goodwill	9,516,568	9,516,568
Total assets	88,379,382	87,497,019
Current liabilities:
Accounts payable and accrued expenses	7,377,985	7,476,560
Current portion of loans and obligations under finance leases	7,097,025	6,905,597
Current portion of operating lease obligations	920,115
Unearned revenues	4,424,652	5,977,736
Common stock to be issued	88,324	88,324
Total current liabilities	19,908,101	20,448,217
Loans and obligations under finance leases; less current maturities	493,403	564,572
Operating lease obligations; less current maturities	1,912,804
Total liabilities	22,314,308	21,012,789
Commitments and contingencies
Stockholders' equity:
Preferred stock, $.01 par value; 500,000 shares authorized;
Common stock, $.01 par value; 14,500,000 shares authorized; 11,972,109 shares issued and 11,724,606 outstanding as of September 30, 2019 and 11,911,742 shares issued and 11,664,239 outstanding as of June 30, 2019	119,721	119,117
Additional paid-in-capital	128,052,079	127,737,999
Treasury stock (At cost, 247,503 shares and 247,503 shares as of September 30, 2019 and June 30, 2019, respectively)	(1,455,969)	(1,455,969)
Accumulated deficit	(37,034,845)	(35,206,898)
Other comprehensive loss	(32,221,661)	(33,125,006)
Total NetSol stockholders' equity	57,459,325	58,069,243
Non-controlling interest	8,605,749	8,414,987
Total stockholders' equity	66,065,074	66,484,230
Total liabilities and stockholders' equity	$ 88,379,382	$ 87,497,019

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($)	Sep. 30, 2019	Jun. 30, 2019
Statement of Financial Position [Abstract]
Accounts receivable, allowance	$ 160,396	$ 192,786
Accounts receivable related party, allowance	172,485	166,075
Revenues in excess of billings, allowance	$ 220,820	$ 194,684
Preferred stock, par value	$ 0.01	$ 0.01
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	11,972,109	11,911,742
Common stock, shares outstanding	11,724,606	11,664,239
Treasury stock, shares	247,503	247,503

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Net Revenues:
Total net revenues	$ 13,572,416	$ 16,396,545
Cost of revenues:
Salaries and consultants	4,454,964	5,020,562
Travel	1,342,635	1,151,997
Depreciation and amortization	719,665	937,604
Other	944,524	1,048,324
Total cost of revenues	7,461,788	8,158,487
Gross profit	6,110,628	8,238,058
Operating expenses:
Selling and marketing	1,743,868	1,701,326
Depreciation and amortization	202,387	212,232
General and administrative	3,918,613	4,406,720
Research and development cost	672,970	318,155
Total operating expenses	6,537,838	6,638,433
Income (loss) from operations	(427,210)	1,599,625
Other income and (expenses)
Gain (loss) on sale of assets	(289)	52,294
Interest expense	(63,663)	(99,434)
Interest income	399,229	248,964
Gain (loss) on foreign currency exchange transactions	(1,760,190)	10,912
Share of net loss from equity investment	(189,224)	(299,691)
Other income	18,326	5,379
Total other income (expenses)	(1,595,811)	(81,576)
Net income (loss) before income taxes	(2,023,021)	1,518,049
Income tax provision	(238,238)	(236,914)
Net income (loss)	(2,261,259)	1,281,135
Non-controlling interest	433,312	(318,546)
Net income (loss) attributable to NetSol	$ (1,827,947)	$ 962,589
Net income (loss) per share:
Basic	$ (0.16)	$ 0.08
Diluted	$ (0.16)	$ 0.08
Weighted average number of shares outstanding
Basic	11,664,239	11,502,616
Diluted	11,664,239	11,507,730
License Fees [Member]
Net Revenues:
Total net revenues	$ 2,679,145	$ 5,956,113
Maintenance Fees [Member]
Net Revenues:
Total net revenues	4,391,447	3,739,676
Services [Member]
Net Revenues:
Total net revenues	6,418,891	6,470,625
Services - Related Party [Member]
Net Revenues:
Total net revenues	$ 82,933	$ 230,131

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (1,827,947)	$ 962,589
Other comprehensive income (loss):
Translation adjustment	1,487,701	(464,076)
Translation adjustment attributable to non-controlling interest	(584,356)	200,873
Net translation adjustment	903,345	(263,203)
Comprehensive income (loss) attributable to NetSol	$ (924,602)	$ 699,386

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Stockholders' Equity (Unaudited) - 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, 2018	$ 117,085	$ 126,479,147	$ (1,205,024)	$ (37,994,502)	$ (221,000)		$ (24,386,071)	$ 14,146,417	$ 76,936,052
Balance, shares at Jun. 30, 2018	11,708,469
Adjustment in retained earnings on adoption of ASC 606				(5,795,795)				(2,957,860)	(8,753,655)
Exercise of subsidiary common stock options		(6,629)						9,279	2,650
Common stock issued for: Services	$ 739	445,801							446,540
Common stock issued for: Services, shares	73,891
Equity component shown as current liability						88,324			88,324
Equity component shown as current liability						(88,324)			(88,324)
Foreign currency translation adjustment							(263,203)	(200,873)	(464,076)
Net Income for the year				962,589				318,546	1,281,135
Balance at Sep. 30, 2018	$ 117,824	126,918,319	(1,205,024)	(42,827,708)	$ (221,000)		(24,649,274)	11,315,509	69,448,646
Balance, shares at Sep. 30, 2018	11,782,360
Balance at Jun. 30, 2019	$ 119,117	127,737,999	(1,455,969)	(35,206,898)			(33,125,006)	8,414,987	66,484,230
Balance, shares at Jun. 30, 2019	11,911,742
Exercise of subsidiary common stock options		(28,097)						39,718	11,621
Common stock issued for: Services	$ 604	342,177							342,781
Common stock issued for: Services, shares	60,367
Equity component shown as current liability						88,324			88,324
Equity component shown as current liability						(88,324)			(88,324)
Foreign currency translation adjustment							903,345	584,356	1,487,701
Net Income for the year				(1,827,947)				(433,312)	(2,261,259)
Balance at Sep. 30, 2019	$ 119,721	$ 128,052,079	$ (1,455,969)	$ (37,034,845)			$ (32,221,661)	$ 8,605,749	$ 66,065,074
Balance, shares at Sep. 30, 2019	11,972,109

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net income (loss)	$ (2,261,259)	$ 1,281,135
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	922,052	1,149,836
Provision for bad debts	(38,621)
Share of net loss from investment under equity method	189,224	299,691
(Gain) loss on sale of assets	289	(52,294)
Stock based compensation	164,293	432,048
Changes in operating assets and liabilities:
Accounts receivable	4,836,183	5,136,381
Accounts receivable - related party	46,016	284,869
Revenues in excess of billing	(1,870,517)	(6,347,196)
Revenues in excess of billing - related party	66,330	(70,102)
Other current assets	(278,677)	(571,246)
Accounts payable and accrued expenses	122,012	(680,147)
Unearned revenue	(1,631,245)	(1,202,420)
Net cash provided by (used in) operating activities	266,080	(339,445)
Cash flows from investing activities:
Purchases of property and equipment	(321,125)	(563,413)
Sales of property and equipment	958	184,032
Convertible note receivable - related party	(435,000)	(758,000)
Net cash used in investing activities	(755,167)	(1,137,381)
Cash flows from financing activities:
Proceeds from exercise of subsidiary options	11,621	2,650
Proceeds from bank loans		119,895
Payments on finance lease obligations and loans - net	(147,376)	(179,237)
Net cash used in financing activities	(135,755)	(56,692)
Effect of exchange rate changes	879,857	(119,591)
Net increase (decrease) in cash and cash equivalents	255,015	(1,653,109)
Cash and cash equivalents at beginning of the period	17,366,364	22,088,853
Cash and cash equivalents at end of period	17,621,379	20,435,744
SUPPLEMENTAL DISCLOSURES:
Interest	105,368	120,010
Taxes	151,375	213,605
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Assets acquired under finance lease		$ 144,801
Assets recognized under operating leases	$ 3,011,814

Basis of Presentation and Princ

Basis of Presentation and Principles of Consolidation	3 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Principles of Consolidation	NOTE 1 - BASIS OF PRESENTATION AND PRINCIPLES OF CONSOLIDATION The Company designs, develops, markets, and exports proprietary software products to customers in the automobile financing and leasing, banking, and financial services industries worldwide. The Company also provides system integration, consulting, and IT products and services in exchange for fees from customers. The consolidated condensed interim financial statements included herein have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading. The year-end condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America. These statements reflect all adjustments, consisting of normal recurring adjustments, which, in the opinion of management, are necessary for fair presentation of the information contained therein. It is suggested that these condensed consolidated financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s annual report on Form 10-K for the year ended June 30, 2019. The Company follows the same accounting policies in preparation of interim reports. Results of operations for the interim periods are not indicative of annual results. The accompanying condensed consolidated financial statements include the accounts of NetSol Technologies, Inc. and subsidiaries (collectively, the “Company”) as follows: Wholly owned Subsidiaries NetSol Technologies (Beijing) Co. Ltd. (“NetSol Beijing”) Ascent Europe Ltd. (“AEL”) Virtual Lease Services Holdings Limited (“VLSH”) Majority-owned Subsidiaries For comparative purposes, prior year’s condensed consolidated financial statements have been reclassified to conform to report classifications of the current period. Below is the table of reclassified amounts: For the Three Months Ended September 30, 2018 Originally reported Reclassified REVENUES License fees $ 5,956,113 $ 5,956,113 Maintenance fees 3,638,327 3,739,676 Services 6,418,634 6,470,625 Maintenance fees - related party 101,349 - Services - related party 282,122 230,131 Total net revenues $ 16,396,545 $ 16,396,545

Accounting Policies

Accounting Policies	3 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Accounting Policies	NOTE 2 – ACCOUNTING POLICIES 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. The areas requiring significant estimates are provision for doubtful accounts, provision for taxation, useful life of depreciable assets, useful life of intangible assets, contingencies, assumptions used to determine the net present value of operating lease liabilities, and estimated contract costs. The estimates and underlying assumptions are reviewed on an ongoing basis. Actual results could differ from those estimates. 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 United States. Balances at financial institutions within certain foreign countries are not covered by insurance. As of September 30, 2019, and June 30, 2019, the Company had uninsured deposits related to cash deposits in accounts maintained within foreign entities of approximately $16,695,896 and $16,124,339, 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. Fair Value of Financial Instruments The Company applies the provisions of Accounting Standards Codification (“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. The Company’s assets that were measured at fair value on a recurring basis as of September 30, 2019, were as follows: Level 1 Level 2 Level 3 Total Assets Revenues in excess of billing - long term $ - $ - $ 1,246,660 $ 1,246,660 Total $ - $ - $ 1,246,660 $ 1,246,660 The Company’s financial assets that were measured at fair value on a recurring basis as of June 30, 2019, were as follows: Level 1 Level 2 Level 3 Total Assets Revenues in excess of billing - long term $ - $ - $ 1,281,492 $ 1,281,492 Total $ - $ - $ 1,281,492 $ 1,281,492 The reconciliation from June 30, 2019 to September 30, 2019 is as follows: Revenues in excess of billing - long term Fair value discount Total Balance at June 30, 2019 $ 1,380,631 $ (99,139 ) $ 1,281,492 Amortization during the period - 13,860 13,860 Effect of Translation Adjustment (52,208 ) 3,516 (48,692 ) Balance at September 30, 2019 $ 1,328,423 $ (81,763 ) $ 1,246,660 Management analyzes all financial instruments with features of both liabilities and equity under ASC 480, “Distinguishing Liabilities from Equity” “Derivatives and Hedging.” New Accounting Pronouncements Recent Accounting Standards Adopted by the Company: In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842). This pronouncement requires lessees to recognize a liability for lease obligations, which represents the discounted obligation to make future lease payments, and a corresponding right-of-use (“ROU”) asset on the balance sheet. The Company adopted ASU 2016-02, along with related clarifications and improvements, as of July 1, 2019, using the modified retrospective approach, which allows the Company to apply ASC 840, Leases, in the comparative periods presented in the year of adoption. Accordingly, the comparative periods and disclosures have not been restated. The Company elected the package of practical expedients to not reassess: ● whether a contract is or contains a lease ● lease classification ● initial direct costs Additionally, the Company adopted the policy election to not recognize ROU assets and lease liabilities for short-term leases for all asset classes. Adoption of the new standard resulted in the recording of a non-cash transitional adjustment to ROU assets and lease liabilities of approximately $3,011,814 and $3,091,236, respectively, as of July 1, 2019. The difference between the ROU assets and lease liabilities represented existing deferred rent expense and prepaid rent that were derecognized and adjusted ROU assets in the Condensed Consolidated Balance Sheets. The adoption of ASU 2016-02 did not materially impact the results of operations or cash flows. Accounting Standards Recently Issued but Not Yet Adopted by the Company: In January 2017, the FASB issued ASU 2017-04, Simplifying the Test for Goodwill Impairment In July 2017, the FASB issued ASU 2017-11, Earnings Per Share (Topic 260); Distinguishing Liabilities from Equity (Topic 480); Derivatives and Hedging (Topic 815): (Part I) Accounting for Certain Financial Instruments with Down Round Features, (Part II) Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with a Scope Exception. All other newly issued accounting pronouncements not yet effective have been deemed either immaterial or not applicable.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Sep. 30, 2019
Revenue Recognition and Deferred Revenue [Abstract]
Revenue Recognition	NOTE 3 – REVENUE RECOGNITION The Company determines revenue recognition through the following steps: ● Identification of the contract, or contracts, with a customer; ● Identification of the performance obligations in the contract; ● Determination of the transaction price; ● Allocation of the transaction price to the performance obligations in the contract; and ● Recognition of revenue when, or as, the Company satisfies a performance obligation. The Company records the amount of revenue and related costs by considering whether the entity is a principal (gross presentation) or an agent (net presentation) by evaluating the nature of its promise to the customer. Revenue is presented net of sales, value-added and other taxes collected from customers and remitted to government authorities. The Company has two primary revenue streams: core revenue and non-core revenue. Core Revenue The Company generates its core revenue from the following sources: (1) software licenses, (2) services, which include implementation and consulting services, and (3) maintenance, which includes post contract support, of its enterprise software solutions for the lease and finance industry. The Company offers its software using the same underlying technology via two models: a traditional on-premises licensing model and a subscription model. The on-premises model involves the sale or license of software on a perpetual basis to customers who take possession of the software and install and maintain the software on their own hardware. Under the subscription delivery model, the Company provides access to its software on a hosted basis as a service and customers generally do not have the contractual right to take possession of the software. Non-Core Revenue The Company generates its non-core revenue by providing business process outsourcing (“BPO”), other IT services and internet services. Performance Obligations A performance obligation is a promise in a contract to transfer a distinct good or service to the customer and is the unit of account under Topic 606. The transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied by transferring the promised good or service to the customer. The Company identifies and tracks the performance obligations at contract inception so that the Company can monitor and account for the performance obligations over the life of the contract. The Company’s contracts which contain multiple performance obligations generally consist of the initial purchase of subscription or licenses and a professional services engagement. License purchases generally have multiple performance obligations as customers purchase maintenance and services in addition to the licenses. The Company’s single performance obligation arrangements are typically maintenance renewals, subscription renewals and services engagements. For contracts with multiple performance obligations where the contracted price differs from the standalone selling price (“SSP”) for any distinct good or service, the Company may be required to allocate the contract’s transaction price to each performance obligation using its best estimate for the SSP. Subscription Subscription revenue is recognized ratably over the initial subscription period committed to by the customer commencing when the product is made available to the customer. The initial subscription period is typically 12 to 60 months. The Company generally invoices its customers in advance in quarterly or annual installments and typical payment terms provide that customers make payment within 30 days of invoice. Software Licenses Transfer of control for software is considered to have occurred upon delivery of the product to the customer. The Company’s typical payment terms tend to vary by region, but its standard payment terms are within 30 days of invoice. Maintenance Revenue from support services and product updates, referred to as maintenance revenue, is recognized ratably over the term of the maintenance period, which in most instances is one year. Software license updates provide customers with rights to unspecified software product updates, maintenance releases and patches released during the term of the support period on a when-and-if available basis. The Company’s customers purchase both product support and license updates when they acquire new software licenses. In addition, a majority of customers renew their support services contracts annually and typical payment terms provide that customers make payment within 30 days of invoice. Professional Services Revenue from professional services is typically comprised of implementation, development, data migration, training or other consulting services. Consulting services are generally sold on a time-and-materials or fixed fee basis and can include services ranging from software installation to data conversion and building non-complex interfaces to allow the software to operate in integrated environments. The Company recognizes revenue for time-and-materials arrangements as the services are performed. In fixed fee arrangements, revenue is recognized as services are performed as measured by costs incurred to date, compared to total estimated costs to complete the services project. Management applies judgment when estimating project status and the costs necessary to complete the services projects. A number of internal and external factors can affect these estimates, including labor rates, utilization and efficiency variances and specification and testing requirement changes. Services are generally invoiced upon milestones in the contract or upon consumption of the hourly resources and payments are typically due 30 days after invoice. BPO and Internet Services Revenue from BPO services is recognized based on the stage of completion which is measured by reference to labor hours incurred to date as a percentage of total estimated labor hours for each contract. Internet services are invoiced either monthly, quarterly or half yearly in advance to the customers and revenue is recognized ratably overtime on a monthly basis. Disaggregated Revenue The Company disaggregates revenue from contracts with customers by category — core and non-core, as it believes it best depicts how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. The Company’s disaggregated revenue by category is as follows: For the Three Months Ended September 30, 2019 2018 Core: License $ 2,679,145 $ 5,956,113 Maintenance 4,391,447 3,739,676 Services 4,626,269 4,988,025 Services - related party 82,933 162,845 Total core revenue, net 11,779,794 14,846,659 Non-Core: Services 1,792,622 1,482,600 Services - related party - 67,286 Total non-core revenue, net 1,792,622 1,549,886 Total net revenue $ 13,572,416 $ 16,396,545 Significant Judgments Due to the complexity of certain contracts, the actual revenue recognition treatment required under Topic 606 for the Company’s arrangements may be dependent on contract-specific terms and may vary in some instances. Judgment is required to determine the SSP for each distinct performance obligation. The Company rarely licenses or sells products on a stand-alone basis, so the Company is required to estimate the range of SSPs for each performance obligation. In instances where SSP is not directly observable because the Company does not sell the license, product or service separately, the Company determines the SSP using information that may include market conditions and other observable inputs. In making these judgments, the Company analyzes various factors, including its pricing methodology and consistency, size of the arrangement, length of term, customer demographics and overall market and economic conditions. Based on these results, the estimated SSP is set for each distinct product or service delivered to customers. The most significant inputs involved in the Company’s revenue recognition policies are: The (1) stand-alone selling prices of the Company’s software license, and the (2) the method of recognizing revenue for installation/customization, and other services. The stand-alone selling price of the licenses was measured primarily through an analysis of pricing that management evaluated when quoting prices to customers. Although the Company has no history of selling its software separately from maintenance and other services, the Company does have historical experience with amending contracts with customers to provide additional modules of its software or providing those modules at an optional price. This information guides the Company in assessing the stand-alone selling price of the Company’s software, since the Company can observe instances where a customer had a particular component of the Company’s software that was essentially priced separate from other goods and services that the Company delivered to that customer. The Company recognized revenue from implementation and customization services using the percentage of estimated “man-days” that the work requires. The Company believes the level of effort to complete the services is best measured by the amount of time (measured as an employee working for one day on implementation/customization work) that is required to complete the implementation or customization work. The Company reviews its estimate of man-days required to complete implementation and customization services each reporting period. Revenue is recognized over time for the Company’s subscription, maintenance and fixed fee professional services that are separate performance obligations. For the Company’s professional services, revenue is recognized over time, generally using costs incurred or hours expended to measure progress. Judgment is required in estimating project status and the costs necessary to complete projects. A number of internal and external factors can affect these estimates, including labor rates, utilization, specification variances and testing requirement changes. If a group of agreements are entered at or near the same time and so closely related that they are, in effect, part of a single arrangement, such agreements are deemed to be combined as one arrangement for revenue recognition purposes. The Company exercises significant judgment to evaluate the relevant facts and circumstances in determining whether agreements should be accounted for separately or as a single arrangement. The Company’s judgments about whether a group of contracts comprise a single arrangement can affect the allocation of consideration to the distinct performance obligations, which could have an effect on results of operations for the periods involved. If a contract includes variable consideration, the Company exercises judgment in estimating the amount of consideration to which the entity will be entitled in exchange for transferring the promised goods or services to a customer. When estimating variable consideration, the Company will consider all relevant facts and circumstances. Variable consideration will be estimated and included in the contract price only when it is probable that a significant reversal in the amount of revenue recognized will not occur. Contract Balances The timing of revenue recognition may differ from the timing of invoicing to customers and these timing differences result in receivables, contract assets (revenues in excess of billings), or contract liabilities (deferred revenue) on the Company’s Consolidated Balance Sheets. The Company records revenues in excess of billings when the Company has transferred goods or services but does not yet have the right to consideration. The Company records deferred revenue when the Company has received or has the right to receive consideration but has not yet transferred goods or services to the customer. The revenues in excess of billings are transferred to receivables when the rights to consideration become unconditional, usually upon completion of a milestone. The Company’s revenues in excess of billings and deferred revenue are as follows: As of As of September 30, 2019 June 30, 2019 Revenues in excess of billings $ 17,640,189 $ 16,111,366 Deferred Revenue $ 4,424,652 $ 5,977,736 During the three months ended September 30, 2019, the Company recognized revenue of $3,000,062 that was included in the deferred revenue balance at the beginning of the period. All other activity in deferred revenue is due to the timing of invoicing in relation to the timing of revenue recognition. Revenue allocated to remaining performance obligations represents the transaction price allocated to the performance obligations that are unsatisfied, or partially unsatisfied, which includes unearned revenue and amounts that will be invoiced and recognized as revenue in future periods. Contracted but unsatisfied performance obligations were approximately $69,197,093 as of September 30, 2019, of which the Company estimates to recognize approximately $14,540,294 in revenue over the next 12 months and the remainder over an estimated 5 years thereafter. Actual revenue recognition depends in part on the timing of software modules installed at various customer sites. Accordingly, some factors that affect the Company’s revenue, such as the availability and demand for modules within customer geographic locations, is not entirely within the Company’s control. In instances where the timing of revenue recognition differs from the timing of invoicing, the Company has determined that its contracts generally do not include a significant financing component. The primary purpose of invoicing terms is to provide customers with simplified and predictable ways of purchasing the Company’s products and services, and not to facilitate financing arrangements. Deferred Revenue The Company typically invoices its customers for subscription and support fees in advance on a quarterly or annual basis, with payment due at the start of the subscription or support term. Unpaid invoice amounts for non-cancelable license and services starting in future periods are included in accounts receivable and deferred revenue. Practical Expedients and Exemptions There are several practical expedients and exemptions allowed under Topic 606 that impact timing of revenue recognition and the Company’s disclosures. Below is a list of practical expedients applied by the Company: ● The Company does not evaluate a contract for a significant financing component if payment is expected within one year or less from the transfer of the promised items to the customer. ● The Company generally expenses sales commissions and sales agent fees when incurred when the amortization period would have been one year or less or the commissions are based on cashed received. These costs are recorded within sales and marketing expense in the Consolidated Statement of Operations. ● The Company does not disclose the value of unsatisfied performance obligations for contracts for which the Company recognizes revenue at the amount to which it has the right to invoice for services performed (applies to time-and-material engagements). Costs to Obtain a Contract The Company does not have a material amount of costs to obtain a contract capitalized at any balance sheet date. In general, the Company incurs few direct incremental costs of obtaining new customer contracts. The Company rarely incurs incremental costs to review or otherwise enter into contractual arrangements with customers. In addition, the Company’s sales personnel receive fees that are referred to as commissions, but that are based on more than simply signing up new customers. The Company’s sales personnel are required to perform additional duties beyond new customer contract inception dates, including fulfilment duties and collections efforts.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 4 – 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 and stock awards. The components of basic and diluted earnings per share were as follows: For the three months ended September 30, 2019 Net Loss Shares Per Share Basic loss per share: Net loss available to common shareholders $ (1,827,947 ) 11,664,239 $ (0.16 ) Effect of dilutive securities Share grants - - - Diluted loss per share $ (1,827,947 ) 11,664,239 $ (0.16 ) For the three months ended September 30, 2018 Net Income Shares Per Share Basic income per share: Net income available to common shareholders $ 962,589 11,502,616 $ 0.08 Effect of dilutive securities Share grants - 5,114 - Diluted income per share $ 962,589 11,507,730 $ 0.08 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 Three Months Ended September 30, 2019 2018 Stock Options 40,386 53,462 Share Grants 138,052 - 178,438 53,462

Other Comprehensive Income and

Other Comprehensive Income and Foreign Currency	3 Months Ended
	Sep. 30, 2019
Other Comprehensive Income And Foreign Currency
Other Comprehensive Income and Foreign Currency	NOTE 5 – OTHER COMPREHENSIVE INCOME AND FOREIGN CURRENCY The accounts of NTE, AEL, VLSH and VLS use the British Pound; VLSIL uses the Euro; NetSol PK, Connect, and NetSol Innovation use the Pakistan Rupee; NTPK Thailand and NetSol Thai use the Thai Baht; Australia uses the Australian dollar; and NetSol Beijing uses the Chinese Yuan as the functional currencies. NetSol Technologies, Inc., and its subsidiary, NTA, use the U.S. dollar as the functional currency. Assets and liabilities are translated at the exchange rate on the balance sheet date, and operating results are translated at the average exchange rate throughout the period. Accumulated translation losses classified as an item of accumulated other comprehensive loss in the stockholders’ equity section of the consolidated balance sheet were $32,221,661 and $33,125,006 as of September 30, 2019 and June 30, 2019, respectively. During the three months ended September 30, 2019 and 2018, comprehensive income (loss) in the consolidated statements of comprehensive income (loss) included a translation gain attributable to NetSol of $903,345 and a translation loss of $263,203, respectively.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Sep. 30, 2019
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 6 – RELATED PARTY TRANSACTIONS NetSol-Innovation In November 2004, the Company entered into a joint venture with 1insurer, formerly Innovation Group,

Major Customers

Major Customers	3 Months Ended
	Sep. 30, 2019
Risks and Uncertainties [Abstract]
Major Customers	NOTE 7 – MAJOR CUSTOMERS During the three months ended September 30, 2019 revenues from two customers were $5,041,367 and $951,369 representing 37.1% and 7.0% of revenues. During the three months ended September 30, 2018, revenues from two customer were $4,716,404 and $4,850,093 representing 28.8% and 29.6% of revenues. The revenue from these customers are shown in the Asia – Pacific segment. Accounts receivable from the two customers at September 30, 2019, were $2,372,071 and $1,015,369, respectively. Accounts receivable at June 30, 2019, were $7,917,814 and $159,322, respectively. Revenues in excess of billings at September 30, 2019 were $6,330,729 and $6,372,328, respectively. Revenues in excess of billings at June 30, 2019, were $4,371,081 and $5,472,043, respectively. Included in this amount was $1,246,660 and $1,281,492 shown as long term at September 30, 2019 and June 30, 2019, respectively.

Convertible Note Receivable - R

Convertible Note Receivable - Related Party	3 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
Convertible Note Receivable - Related Party	NOTE 8 – CONVERTIBLE NOTE RECEIVABLE – RELATED PARTY The Company entered into an agreement with WRLD3D, whereby the Company was issued a Convertible Promissory Note (the “August 2019 Note”) which was fully executed on August 19, 2019. The maximum principal amount of $400,000 was paid on September 9, 2019. The August 2019 Note bears interest at 10% per annum and all unpaid interest and principal is due and payable upon request on or after March 31, 2020. The Company has a security interest in all of WRLD3D’s personal property, inventory, equipment, general intangibles, financial assets, investment property, securities, deposit accounts, and the proceeds thereof. The August 2019 Note is convertible upon the occurrence of the following events: 1. Conversion upon a qualified financing which is an equity financing of at least $1,000,000. 2. Optional conversion upon an equity financing less than $1,000,000. 3. Optional conversion after the maturity date. 4. Change of control. If the Company converts the August 2019 Note upon the occurrence of a financing, then the conversion price will be equal to the product of: (A) the price paid per share for the equity securities by the investors multiplied by (B) a calculated conversion rate which is determined based on the amount of the principal and interest outstanding and the Company’s ownership percentage. If the Company converts the August 2019 Note either as an optional conversion after the maturity date or due to a change of control, then the conversion price is equal to $0.6788 per share (adjusted for any stock dividends, combinations, splits, recapitalizations or the like with respect to WRLD3D’s Series BB Preferred Stock after the date of the August 2019 Note). The following table summarizes the convertible notes receivable from WRLD3D. Convertible Agreement Interest Maturity Note Amount Date Rate Date Amount Disbursed May 25, 2017 5 % On Demand $ 750,000 $ 750,000 February 9, 2018 10 % On Demand 2,500,000 2,500,000 April 1, 2019 10 % March 31, 2020 600,000 435,000 August 19, 2019 10 % March 31, 2020 400,000 400,000 $ 4,250,000 $ 4,085,000 The Company has accrued interest of $414,297 at September 30, 2019 which is included in “Other current assets.

Other Current Assets

Other Current Assets	3 Months Ended
	Sep. 30, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Current Assets	NOTE 9 - OTHER CURRENT ASSETS Other current assets consisted of the following: As of As of September 30, 2019 June 30, 2019 Prepaid Expenses $ 1,085,863 $ 991,528 Advance Income Tax 743,939 800,798 Employee Advances 97,925 33,778 Security Deposits 149,074 147,668 Other Receivables 940,599 733,826 Other Assets 334,298 438,666 Total $ 3,351,698 $ 3,146,264

Revenues in Excess of Billings

Revenues in Excess of Billings - Long Term	3 Months Ended
	Sep. 30, 2019
Contractors [Abstract]
Revenues in Excess of Billings - Long Term	NOTE 10 – REVENUES IN EXCESS OF BILLINGS – LONG TERM Revenues in excess of billings, net consisted of the following: As of As of September 30, 2019 June 30, 2019 Revenues in excess of billing - long term $ 1,328,423 $ 1,380,631 Present value discount (81,763 ) (99,139 ) Net Balance $ 1,246,660 $ 1,281,492 Pursuant to revenue recognition for contract accounting, the Company had recorded revenues in excess of billings long-term for amounts billable after one year. During the three months ended September 30, 2019 and 2018, the Company accreted $13,860 and $nil which was recorded in interest income for that period. The Company used the discounted cash flow method with an interest rate of 4.35%.

Property and Equipment

Property and Equipment	3 Months Ended
	Sep. 30, 2019
Property, Plant and Equipment [Abstract]
Property and Equipment	NOTE 11 - PROPERTY AND EQUIPMENT Property and equipment consisted of the following: As of As of September 30, 2019 June 30, 2019 Office Furniture and Equipment $ 3,231,116 $ 3,125,382 Computer Equipment 19,557,328 18,905,603 Assets Under Finance Leases 1,669,388 1,720,490 Building 6,247,424 6,021,939 Land 1,619,290 1,559,111 Autos 1,399,070 1,024,754 Improvements 93,738 111,165 Subtotal 33,817,354 32,468,444 Accumulated Depreciation (21,338,513 ) (20,371,589 ) Property and Equipment, Net $ 12,478,841 $ 12,096,855 For the three months ended September 30, 2019 and 2018, depreciation expense totaled $465,451 and $564,128, respectively. Of these amounts, $263,064 and $351,896, respectively, are reflected in cost of revenues. Following is a summary of fixed assets held under finance leases as of September 30, 2019 and June 30, 2019: As of As of September 30, 2019 June 30, 2019 Computers and Other Equipment $ 317,296 $ 324,466 Furniture and Fixtures 65,084 65,084 Vehicles 1,287,008 1,330,940 Total 1,669,388 1,720,490 Less: Accumulated Depreciation - Net (567,780 ) (538,564 ) $ 1,101,608 $ 1,181,926 Finance lease term and discount rate were as follows: As of September 30, 2019 Weighted average remaining lease term - finance leases 2.11 Years Weighted average discount rate - finance leases 12.79 %

Leases

Leases	3 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Leases	NOTE 12 - LEASES The Company leases certain office space, office equipment and autos with remaining lease terms of one year to 10 years under leases classified as financing and operating. For certain leases, the Company has options to extend the lease term for additional periods ranging from one year to 10 years. The Company treats a contract as a lease when the contract conveys the right to use a physically distinct asset for a period of time in exchange for consideration, or the Company directs the use of the asset and obtains substantially all the economic benefits of the asset. These leases are recorded as right-of-use (“ROU”) assets and lease obligation liabilities for leases with terms greater than 12 months. ROU assets represent the Company’s right to use an underlying asset for the entirety of the lease term. Lease liabilities represent the Company’s obligation to make payments over the life of the lease. A ROU asset and a lease liability are recognized at commencement of the lease based on the present value of the lease payments over the life of the lease. Initial direct costs are included as part of the ROU asset upon commencement of the lease. Since the interest rate implicit in a lease is generally not readily determinable for the operating leases, the Company uses an incremental borrowing rate to determine the present value of the lease payments. The incremental borrowing rate represents the rate of interest the Company would have to pay to borrow on a collateralized basis over a similar lease term to obtain an asset of similar value. The Company used the incremental borrowing rate on July 1, 2019 for all leases that commenced prior to that date. For finance leases, the Company used the incremental borrowing rate implicit in the lease. The Company reviews the impairment of ROU assets consistent with the approach applied for the Company’s other long-lived assets. The Company reviews the recoverability of long-lived assets when events or changes in circumstances occur that indicate that the carrying value of the asset may not be recoverable. The assessment of possible impairment is based on the Company’s ability to recover the carrying value of the asset from the expected undiscounted future pre-tax cash flows of the related operations. The Company elected the practical expedient to exclude short-term leases (leases with original terms of 12 months or less) from ROU asset and lease liability accounts. Lease expense is recognized on a straight-line basis over the lease term, while variable lease payments are expensed as incurred. Variable payments change due to facts or circumstances occurring after the commencement date, other than the passage of time, and do not result in a remeasurement of lease liabilities. The Company’s variable lease payments include payments for finance leases that are adjusted based on a change in Karachi Inter Bank Offer Rate. The Company’s lease agreements do not contain any significant residual value guarantees or restrictive covenants. Supplemental balance sheet information related to leases was as follows: As of September 30, 2019 Assets Operating lease assets, net $ 2,734,762 Liabilities Current Operating $ 920,115 Non-current Operating 1,912,804 Total Lease Liabilities $ 2,832,919 The components of lease cost were as follows: For the Three Months Ended September 30, 2019 Amortization of finance lease assets $ 26,330 Interest on finance lease obligation 22,918 Operating lease cost 263,577 Short term lease cost 74,110 Sub lease income (8,199 ) Total lease cost $ 378,736 Lease term and discount rate were as follows: As of September 30, 2019 Weighted average remaining lease term - Operating leases 3.3 Years Weighted average discount rate - Operating leases 5.61 % Supplemental disclosures of cash flow information related to leases were as follows: For the Three September 30, 2019 Cash flows related to lease liabilities Operating cash flows related to operating leases $ 232,268 Maturities of operating lease liabilities were as follows as of September 30, 2019: Amount Within year 1 $ 1,045,298 Within year 2 874,317 Within year 3 797,007 Within year 4 305,926 Within year 5 82,404 Thereafter 6,235 Total Lease Payments 3,111,187 Less: Imputed interest (278,268 ) Present Value of lease liabilities 2,832,919 Less: Current portion (920,115 ) Non-Current portion $ 1,912,804 As of June 30, 2019, future minimum lease payments, as defined under the previous lease accounting guidance of ASC Topic 840, under non-cancelable operating leases for the following five fiscal years and thereafter were as follows: Within year 1 $ 744,549 Within year 2 514,243 Within year 3 269,375 Within year 4 197,872 Within year 5 36,044 Total $ 1,762,083 The Company is a lessor for certain office space leased by the Company and sub-leased to others under non-cancelable leases. These lease agreements provide for a fixed base rent and terminate by July 2021. All leases are considered operating leases. There are no rights to purchase the premises and no residual value guarantees. For the three months ended September 30, 2019, the Company received $8,199 of lease income. The company entered into an agreement to acquire additional office space in London for a term of two years which will begin October 1, 2019. The Company will recognize a ROU asset of approximately $505,761, and corresponding lease liability at the inception of lease term.

Long-Term Investment

Long-Term Investment	3 Months Ended
	Sep. 30, 2019
Investments, All Other Investments [Abstract]
Long-Term Investment	NOTE 13 – LONG TERM INVESTMENT Drivemate The Company and Drivemate Co., Ltd. (“Drivemate”) entered into a subscription agreement (“Drivemate Agreement”) whereby the Company will purchase an equity interest of 30% in Drivemate. Per the Drivemate Agreement, the Company will purchase 5,469 preferred shares for $1,800,000 consisting of $500,000 cash and $1,300,000 in services. The Company paid $250,000 on May 2, 2019 and received 760 shares for a 5.27% holding in Drivemate. The remaining $250,000 will be paid in $62,500 increments beginning 15 months from the date of the Drivemate Agreement signing with the final payment due 24 months from the date of the Drivemate Agreement signing. Per the Drivemate Agreement, the Company appointed two directors to the Drivemate board. The Company determined that it met the significant influence criteria since two of the four directors are appointed by the Company and the Company is to own 30% of Drivemate at the final payment date; therefore, the Company accounts for the investment using the equity method of accounting. During the three months ended September 30, 2019, the Company performed $204,615 of services. Under the equity method of accounting, the Company recorded its share of net loss of $5,392 for the three months ended September 30, 2019. WRLD3D-Related Party On March 2, 2017, the Company purchased a 4.9% interest in WRLD3D, a non-public company, for $1,111,111. The Company paid $555,556 at the initial closing and $555,555 on September 1, 2017. NetSol PK, the subsidiary of the Company, purchased a 12.2% investment in WRLD3D, for $2,777,778 which was earned by providing IT and enterprise software solutions. During the three months ended September 30, 2019 and 2018, NetSol PK provided services valued at $82,933 and $162,845, respectively, which is recorded as services-related party. Accounts receivable at September 30, 2019 and June 30, 2019 were $1,166,431 and $1,020,589, respectively. Revenue in excess of billing at September 30, 2019 and June 30, 2019 were $48,145 and $110,827, respectively. Under the equity method of accounting, the Company recorded its share of net loss of $183,832 and $299,691 for the three months ended September 30, 2019 and 2018, respectively. The following table reflects the above investments at September 30, 2019. DriveMate WRLD3D Total Initial investment $ 250,000 $ 3,888,889 $ 4,138,889 Cumulative net loss on investment (8,756 ) (1,284,998 ) (1,293,754 ) Cumulative other comprehensive income (loss) - (384,265 ) (384,265 ) Net investment $ 241,244 $ 2,219,626 $ 2,460,870

Intangible Assets

Intangible Assets	3 Months Ended
	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	NOTE 14 - INTANGIBLE ASSETS Intangible assets consisted of the following: As of As of September 30, 2019 June 30, 2019 Product Licenses - Cost $ 47,244,997 $ 47,244,997 Effect of Translation Adjustment (14,558,721 ) (15,343,727 ) Accumulated Amortization (25,526,854 ) (24,568,320 ) Net Balance $ 7,159,422 $ 7,332,950 (A) Product Licenses 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 $7,159,422 will be amortized over the next 4 years. Amortization expense for the three months ended September 30, 2019 and 2018 was $456,601 and $585,708, respectively. (B) Future Amortization Estimated amortization expense of intangible assets over the next five years is as follows: Year ended: September 30, 2020 $ 1,852,626 September 30, 2021 1,852,626 September 30, 2022 1,852,626 September 30, 2023 1,601,544 $ 7,159,422

Accounts Payable and Accrued Ex

Accounts Payable and Accrued Expenses	3 Months Ended
	Sep. 30, 2019
Payables and Accruals [Abstract]
Accounts Payable and Accrued Expenses	NOTE 15 - ACCOUNTS PAYABLE AND ACCRUED EXPENSES Accounts payable and accrued expenses consisted of the following: As of As of September 30, 2019 June 30, 2019 Accounts Payable $ 1,830,934 $ 1,156,498 Accrued Liabilities 4,514,879 5,055,358 Accrued Payroll & Taxes 515,960 793,503 Taxes Payable 411,892 326,386 Other Payable 104,320 144,815 Total $ 7,377,985 $ 7,476,560

Debts

Debts	3 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Debts	NOTE 16 – DEBTS Notes payable and finance leases consisted of the following: As of September 30, 2019 Current Long-Term Name Total Maturities Maturities D&O Insurance (1) $ 15,753 $ 15,753 $ - Bank Overdraft Facility (2) - - - Loan Payable Bank - Export Refinance (3) 3,184,714 3,184,714 - Loan Payable Bank - Running Finance (4) 337,580 337,580 - Loan Payable Bank - Export Refinance II (5) 2,420,382 2,420,382 - Loan Payable Bank - Running Finance II (6) 764,331 764,331 - Related Party Loan (7) 77,148 15,686 61,462 6,799,908 6,738,446 61,462 Subsidiary Finance Leases (8) 790,520 358,579 431,941 $ 7,590,428 $ 7,097,025 $ 493,403 As of June 30, 2019 Current Long-Term Name Total Maturities Maturities D&O Insurance (1) $ 67,671 $ 67,671 $ - Bank Overdraft Facility (2) - - - Loan Payable Bank - Export Refinance (3) 3,066,355 3,066,355 - Loan Payable Bank - Running Finance (4) 325,034 325,034 - Loan Payable Bank - Export Refinance II (5) 2,330,431 2,330,431 - Loan Payable Bank - Running Finance II (6) 735,925 735,925 - Related Party Loan (7) 82,969 15,838 67,131 6,608,385 6,541,254 67,131 Subsidiary Finance Leases (8) 861,784 364,343 497,441 $ 7,470,169 $ 6,905,597 $ 564,572 (1) The Company finances Directors’ and Officers’ (“D&O”) liability insurance and Errors and Omissions (“E&O”) liability insurance, for which the D&O and E&O balances are renewed on an annual basis and, as such, are recorded in current maturities. The interest rate on these financings were ranging from 6.0% to 7.0% as of September 30, 2019 and June 30, 2019. (2) The Company’s subsidiary, NTE, has an overdraft facility with HSBC Bank plc whereby the bank would cover any overdrafts up to £300,000, or approximately $370,370. The annual interest rate was 5.12% as of September 30, 2019. Total outstanding balance as of September 30, 2019 was £Nil. 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 September 30, 2019, NTE was in compliance with this covenant. (3) 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. 500,000,000 or $3,184,714 at September 30, 2019 and Rs. 500,000,000 or $3,066,355 at June 30, 2019. The interest rate for the loan was 3% at September 30, 2019 and June 30, 2019. (4) The Company’s subsidiary, NetSol PK, has a running finance facility with Askari Bank Limited, secured by NetSol PK’s assets. Total facility amount is Rs. 75,000,000 or $477,707, at September 30, 2019. NetSol PK used Rs. 53,000,000, or $337,580 at September 30, 2019. The interest rate for the loan was 15.0% and 13.0% at September 30, 2019 and June 30, 2019, respectively. This facility requires NetSol PK to maintain a long-term debt equity ratio of 60:40 and the current ratio of 1:1. As of September 30, 2019, NetSol PK was in compliance with this covenant. (5) The Company’s subsidiary, NetSol PK, has an export refinance facility with Samba Bank Limited, secured by NetSol PK’s assets. This is a revolving loan that matures every six months. Total facility amount is Rs. 380,000,000 or $2,420,382 and Rs. 380,000,000 or $2,330,431 at September 30, 2019 and June 30, 2019, respectively. The interest rate for the loan was 3% at September 30, 2019 and June 30, 2019. (6) The Company’s subsidiary, NetSol PK, has a running finance facility with Samba Bank Limited, secured by NetSol PK’s assets. Total facility amount is Rs. 120,000,000 or $764,331 and Rs. 120,000,000 or $735,925, at September 30, 2019 and June 30, 2019, respectively. The interest rate for the loan was 15.3% and 14.3% at September 30, 2019 and June 30, 2019, respectively. During the tenure of loan, the facilities from Samba Bank Limited require NetSol PK to maintain at a minimum a current ratio of 1:1, an interest coverage ratio of 4 times, a leverage ratio of 2 times, and a debt service coverage ratio of 4 times. As of September 30, 2019, NetSol PK was in compliance with these covenants. (7) In March 2019, the Company’s subsidiary, VLS, entered into a loan agreement. The loan amount was £69,549, or $85,863, for a period of 5 years with monthly payment of £1,349, or $1,665. As of September 30, 2019, the subsidiary has used this facility up to $77,148, of which $61,462 was shown as long-term and $15,686 as current. The interest rate was 6.14% at September 30, 2019. (8) The Company leases various fixed assets under finance lease arrangements expiring in various years through 2024. The assets and liabilities under finance 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 secured by the assets themselves. Depreciation of assets under finance leases is included in depreciation expense for the three months ended September 30, 2019 and 2018. Following is the aggregate minimum future lease payments under finance leases as of September 30, 2019: Amount Minimum Lease Payments Due FYE 9/30/20 $ 427,463 Due FYE 9/30/21 334,746 Due FYE 9/30/22 101,392 Due FYE 9/30/23 19,852 Due FYE 9/30/24 8,272 Total Minimum Lease Payments 891,725 Interest Expense relating to future periods (101,205 ) Present Value of minimum lease payments 790,520 Less: Current portion (358,579 ) Non-Current portion $ 431,941

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Stockholders' Equity	NOTE 17 - STOCKHOLDERS’ EQUITY During the three months ended September 30, 2019, the Company issued 34,904 shares of common stock for services rendered by officers of the Company. These shares were valued at the fair market value of $195,263. During the three months ended September 30, 2019, the Company issued 11,289 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 $65,297. During the three months ended September 30, 2019, the Company issued 14,174 shares of its common stock to employees pursuant to the terms of their employment agreements valued at $82,221.

Incentive and Non-statutory Sto

Incentive and Non-statutory Stock Option Plan	3 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [Abstract]
Incentive and Non-statutory Stock Option Plan	NOTE 18 - INCENTIVE AND NON-STATUTORY STOCK OPTION PLAN Common stock purchase options consisted of the following: OPTIONS: # of shares Weighted Weighted Aggregated Intrinsic Value Outstanding and exercisable, June 30, 2019 40,386 $ 6.50 0.61 $ 404 Granted - - Exercised - - Expired / Cancelled - - Outstanding and exercisable, September 30, 2019 40,386 $ 6.50 0.36 $ - The following table summarizes information about stock options outstanding and exercisable at September 30, 2019. Exercise Price Number Outstanding and Exercisable Weighted Average Remaining Contractual Life Weighted Average Exercise Price OPTIONS: $6.50 40,386 0.36 $ 6.50 Totals 40,386 0.36 $ 6.50 The following table summarizes stock grants awarded as compensation: # of shares Weighted Average Grant Date Fair Value ($) Unvested, June 30, 2019 81,515 $ 5.88 Granted 117,895 $ 5.66 Vested (60,367 ) $ 5.68 Forfeited / Cancelled (991 ) $ 6.05 Unvested, September 30, 2019 138,052 $ 5.78 For the three months ended September 30, 2019 and 2018, the Company recorded compensation expense of $164,293 and $432,048, respectively. The compensation expense related to the unvested stock grants as of September 30, 2018 was $778,463 which will be recognized during the fiscal years 2020 through 2022.

Contingencies

Contingencies	3 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Contingencies	NOTE 19 – CONTINGENCIES From time to time, the Company is subject to legal proceedings, claims, and litigation arising in the ordinary course of business including tax assessments. The Company defends itself vigorously against any such claims. When (i) it is probable that an asset has been impaired or a liability has been incurred and (ii) the amount of the loss can be reasonably estimated, the Company records the estimated loss. The Company provides disclosure in the notes to the consolidated financial statements for loss contingencies that do not meet both conditions if there is a reasonable possibility that a loss may have been incurred that would be material to the financial statements. Significant judgment is required to determine the probability that a liability has been incurred and whether such liability is reasonably estimable. The Company bases accruals on the best information available at the time, which can be highly subjective. The final outcome of these matters could vary significantly from the amounts included in the accompanying consolidated financial statements.

Operating Segments

Operating Segments	3 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Operating Segments	NOTE 20 – OPERATING SEGMENTS The Company has identified three segments for its products and services; North America, Europe and Asia-Pacific. Our 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 different operational issues and strategies due to their particular regional location. The Company accounts for intra-company sales and expenses as if the sales or expenses were to third parties and eliminates them in the consolidation. The following table presents a summary of identifiable assets as of September 30, 2019 and June 30, 2019: As of As of September 30, 2019 June 30, 2019 Identifiable assets: Corporate headquarters $ 3,889,608 $ 2,947,727 North America 5,797,752 5,730,928 Europe 9,260,282 8,399,033 Asia - Pacific 69,431,740 70,419,331 Consolidated $ 88,379,382 $ 87,497,019 The following table presents a summary of investment under equity method as of September 30, 2019 and June 30, 2019: As of As of September 30, 2019 June 30, 2019 Investment in associates under equity method: Corporate headquarters $ 630,186 $ 686,504 Asia - Pacific 1,830,684 1,967,265 Consolidated $ 2,460,870 $ 2,653,769 The following table presents a summary of operating information for the three months ended September 30: For the Three Months Ended September 30, 2019 2018 Revenues from unaffiliated customers: North America $ 977,175 $ 843,085 Europe 2,592,339 1,919,934 Asia - Pacific 9,919,969 13,403,395 13,489,483 16,166,414 Revenue from affiliated customers Asia - Pacific 82,933 230,131 82,933 230,131 Consolidated $ 13,572,416 $ 16,396,545 Intercompany revenue Europe $ 146,825 $ 138,653 Asia - Pacific 1,064,766 3,192,386 Eliminated $ 1,211,591 $ 3,331,039 Net income (loss) after taxes and before non-controlling interest: Corporate headquarters $ (864,210 ) $ (1,218,387 ) North America (57,987 ) (178,630 ) Europe 381,094 174,088 Asia - Pacific (1,720,156 ) 2,504,064 Consolidated $ (2,261,259 ) $ 1,281,135 The following table presents a summary of capital expenditures for the three months ended September 30: For the Three Months Ended September 30, 2019 2018 Capital expenditures: North America $ - $ - Europe 31,852 98,444 Asia - Pacific 289,273 464,969 Consolidated $ 321,125 $ 563,413

Non-Controlling Interest in Sub

Non-Controlling Interest in Subsidiary	3 Months Ended
	Sep. 30, 2019
Noncontrolling Interest [Abstract]
Non-Controlling Interest in Subsidiary	NOTE 21 – NON-CONTROLLING INTEREST IN SUBSIDIARY The Company had non-controlling interests in several of its subsidiaries. The balance of non-controlling interest was as follows: SUBSIDIARY Non-Controlling Interest % Non-Controlling Interest at September 30, 2019 NetSol PK 33.88 % $ 7,206,652 NetSol-Innovation 49.90 % 1,399,134 NetSol Thai 0.006 % (37 ) Total $ 8,605,749 SUBSIDIARY Non-Controlling Interest % Non-Controlling Interest at June 30, 2019 NetSol PK 33.80 % $ 6,993,491 NetSol-Innovation 49.90 % 1,421,528 NetSol Thai 0.006 % (32 ) Total $ 8,414,987 NetSol PK During the three months ended September 30, 2019, employees of NetSol PK exercised 114,000 options of common stock and NetSol PK received cash of $11,261. Due to the exercise of options, the non-controlling interest increased from 33.80% to 33.88%.

Summary of Significant Accounti

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Use of Estimates	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. The areas requiring significant estimates are provision for doubtful accounts, provision for taxation, useful life of depreciable assets, useful life of intangible assets, contingencies, assumptions used to determine the net present value of operating lease liabilities, and estimated contract costs. The estimates and underlying assumptions are reviewed on an ongoing basis. Actual results could differ from those estimates.
Concentration of Credit Risk	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 United States. Balances at financial institutions within certain foreign countries are not covered by insurance. As of September 30, 2019, and June 30, 2019, the Company had uninsured deposits related to cash deposits in accounts maintained within foreign entities of approximately $16,695,896 and $16,124,339, 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.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company applies the provisions of Accounting Standards Codification (“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. The Company’s assets that were measured at fair value on a recurring basis as of September 30, 2019, were as follows: Level 1 Level 2 Level 3 Total Assets Revenues in excess of billing - long term $ - $ - $ 1,246,660 $ 1,246,660 Total $ - $ - $ 1,246,660 $ 1,246,660 The Company’s financial assets that were measured at fair value on a recurring basis as of June 30, 2019, were as follows: Level 1 Level 2 Level 3 Total Assets Revenues in excess of billing - long term $ - $ - $ 1,281,492 $ 1,281,492 Total $ - $ - $ 1,281,492 $ 1,281,492 The reconciliation from June 30, 2019 to September 30, 2019 is as follows: Revenues in excess of billing - long term Fair value discount Total Balance at June 30, 2019 $ 1,380,631 $ (99,139 ) $ 1,281,492 Amortization during the period - 13,860 13,860 Effect of Translation Adjustment (52,208 ) 3,516 (48,692 ) Balance at September 30, 2019 $ 1,328,423 $ (81,763 ) $ 1,246,660 Management analyzes all financial instruments with features of both liabilities and equity under ASC 480, “Distinguishing Liabilities from Equity” “Derivatives and Hedging.”
Recent Accounting Standards Adopted by the Company	Recent Accounting Standards Adopted by the Company: In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842). This pronouncement requires lessees to recognize a liability for lease obligations, which represents the discounted obligation to make future lease payments, and a corresponding right-of-use (“ROU”) asset on the balance sheet. The Company adopted ASU 2016-02, along with related clarifications and improvements, as of July 1, 2019, using the modified retrospective approach, which allows the Company to apply ASC 840, Leases, in the comparative periods presented in the year of adoption. Accordingly, the comparative periods and disclosures have not been restated. The Company elected the package of practical expedients to not reassess: ● whether a contract is or contains a lease ● lease classification ● initial direct costs Additionally, the Company adopted the policy election to not recognize ROU assets and lease liabilities for short-term leases for all asset classes. Adoption of the new standard resulted in the recording of a non-cash transitional adjustment to ROU assets and lease liabilities of approximately $3,011,814 and $3,091,236, respectively, as of July 1, 2019. The difference between the ROU assets and lease liabilities represented existing deferred rent expense and prepaid rent that were derecognized and adjusted ROU assets in the Condensed Consolidated Balance Sheets. The adoption of ASU 2016-02 did not materially impact the results of operations or cash flows.
Accounting Standards Recently Issued but Not Yet Adopted by the Company	Accounting Standards Recently Issued but Not Yet Adopted by the Company: In January 2017, the FASB issued ASU 2017-04, Simplifying the Test for Goodwill Impairment In July 2017, the FASB issued ASU 2017-11, Earnings Per Share (Topic 260); Distinguishing Liabilities from Equity (Topic 480); Derivatives and Hedging (Topic 815): (Part I) Accounting for Certain Financial Instruments with Down Round Features, (Part II) Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with a Scope Exception. All other newly issued accounting pronouncements not yet effective have been deemed either immaterial or not applicable.

Basis of Presentation and Pri_2

Basis of Presentation and Principles of Consolidation (Tables)	3 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Reclassified Net Revenues	For comparative purposes, prior year’s condensed consolidated financial statements have been reclassified to conform to report classifications of the current period. Below is the table of reclassified amounts: For the Three Months Ended September 30, 2018 Originally reported Reclassified REVENUES License fees $ 5,956,113 $ 5,956,113 Maintenance fees 3,638,327 3,739,676 Services 6,418,634 6,470,625 Maintenance fees - related party 101,349 - Services - related party 282,122 230,131 Total net revenues $ 16,396,545 $ 16,396,545

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Schedule of Fair Value of Financial Assets Measured on Recurring Basis	The Company’s assets that were measured at fair value on a recurring basis as of September 30, 2019, were as follows: Level 1 Level 2 Level 3 Total Assets Revenues in excess of billing - long term $ - $ - $ 1,246,660 $ 1,246,660 Total $ - $ - $ 1,246,660 $ 1,246,660 The Company’s financial assets that were measured at fair value on a recurring basis as of June 30, 2019, were as follows: Level 1 Level 2 Level 3 Total Assets Revenues in excess of billing - long term $ - $ - $ 1,281,492 $ 1,281,492 Total $ - $ - $ 1,281,492 $ 1,281,492
Schedule of Fair Value of Financial Instruments Reconciliation	The reconciliation from June 30, 2019 to September 30, 2019 is as follows: Revenues in excess of billing - long term Fair value discount Total Balance at June 30, 2019 $ 1,380,631 $ (99,139 ) $ 1,281,492 Amortization during the period - 13,860 13,860 Effect of Translation Adjustment (52,208 ) 3,516 (48,692 ) Balance at September 30, 2019 $ 1,328,423 $ (81,763 ) $ 1,246,660

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Sep. 30, 2019
Revenue Recognition and Deferred Revenue [Abstract]
Schedule of Disaggregated Revenue by Category	The Company’s disaggregated revenue by category is as follows: For the Three Months Ended September 30, 2019 2018 Core: License $ 2,679,145 $ 5,956,113 Maintenance 4,391,447 3,739,676 Services 4,626,269 4,988,025 Services - related party 82,933 162,845 Total core revenue, net 11,779,794 14,846,659 Non-Core: Services 1,792,622 1,482,600 Services - related party - 67,286 Total non-core revenue, net 1,792,622 1,549,886 Total net revenue $ 13,572,416 $ 16,396,545
Schedule of Revenues in Excess of Billings and Deferred Revenue	The Company’s revenues in excess of billings and deferred revenue are as follows: As of As of September 30, 2019 June 30, 2019 Revenues in excess of billings $ 17,640,189 $ 16,111,366 Deferred Revenue $ 4,424,652 $ 5,977,736

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Schedule of Components of Basic and Diluted Earnings Per Share	The components of basic and diluted earnings per share were as follows: For the three months ended September 30, 2019 Net Loss Shares Per Share Basic loss per share: Net loss available to common shareholders $ (1,827,947 ) 11,664,239 $ (0.16 ) Effect of dilutive securities Share grants - - - Diluted loss per share $ (1,827,947 ) 11,664,239 $ (0.16 ) For the three months ended September 30, 2018 Net Income Shares Per Share Basic income per share: Net income available to common shareholders $ 962,589 11,502,616 $ 0.08 Effect of dilutive securities Share grants - 5,114 - Diluted income per share $ 962,589 11,507,730 $ 0.08
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	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 Three Months Ended September 30, 2019 2018 Stock Options 40,386 53,462 Share Grants 138,052 - 178,438 53,462

Convertible Note Receivable -_2

Convertible Note Receivable - Related Party (Tables)	3 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
Schedule of Convertible Note	The following table summarizes the convertible notes receivable from WRLD3D. Convertible Agreement Interest Maturity Note Amount Date Rate Date Amount Disbursed May 25, 2017 5 % On Demand $ 750,000 $ 750,000 February 9, 2018 10 % On Demand 2,500,000 2,500,000 April 1, 2019 10 % March 31, 2020 600,000 435,000 August 19, 2019 10 % March 31, 2020 400,000 400,000 $ 4,250,000 $ 4,085,000

Other Current Assets (Tables)

Other Current Assets (Tables)	3 Months Ended
	Sep. 30, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Current Assets	Other current assets consisted of the following: As of As of September 30, 2019 June 30, 2019 Prepaid Expenses $ 1,085,863 $ 991,528 Advance Income Tax 743,939 800,798 Employee Advances 97,925 33,778 Security Deposits 149,074 147,668 Other Receivables 940,599 733,826 Other Assets 334,298 438,666 Total $ 3,351,698 $ 3,146,264

Revenues in Excess of Billing_2

Revenues in Excess of Billings - Long Term (Tables)	3 Months Ended
	Sep. 30, 2019
Contractors [Abstract]
Schedule of Revenues in Excess of Billings	Revenues in excess of billings, net consisted of the following: As of As of September 30, 2019 June 30, 2019 Revenues in excess of billing - long term $ 1,328,423 $ 1,380,631 Present value discount (81,763 ) (99,139 ) Net Balance $ 1,246,660 $ 1,281,492

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Sep. 30, 2019
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	Property and equipment consisted of the following: As of As of September 30, 2019 June 30, 2019 Office Furniture and Equipment $ 3,231,116 $ 3,125,382 Computer Equipment 19,557,328 18,905,603 Assets Under Finance Leases 1,669,388 1,720,490 Building 6,247,424 6,021,939 Land 1,619,290 1,559,111 Autos 1,399,070 1,024,754 Improvements 93,738 111,165 Subtotal 33,817,354 32,468,444 Accumulated Depreciation (21,338,513 ) (20,371,589 ) Property and Equipment, Net $ 12,478,841 $ 12,096,855
Summary of Fixed Assets Held Under Finance Leases	Following is a summary of fixed assets held under finance leases as of September 30, 2019 and June 30, 2019: As of As of September 30, 2019 June 30, 2019 Computers and Other Equipment $ 317,296 $ 324,466 Furniture and Fixtures 65,084 65,084 Vehicles 1,287,008 1,330,940 Total 1,669,388 1,720,490 Less: Accumulated Depreciation - Net (567,780 ) (538,564 ) $ 1,101,608 $ 1,181,926
Schedule of Finance Lease Term	Finance lease term and discount rate were as follows: As of September 30, 2019 Weighted average remaining lease term - finance leases 2.11 Years Weighted average discount rate - finance leases 12.79 %

Leases (Tables)

Leases (Tables)	3 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Schedule of Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases was as follows: As of September 30, 2019 Assets Operating lease assets, net $ 2,734,762 Liabilities Current Operating $ 920,115 Non-current Operating 1,912,804 Total Lease Liabilities $ 2,832,919
Schedule of Components of Lease Cost	The components of lease cost were as follows: For the Three Months Ended September 30, 2019 Amortization of finance lease assets $ 26,330 Interest on finance lease obligation 22,918 Operating lease cost 263,577 Short term lease cost 74,110 Sub lease income (8,199 ) Total lease cost $ 378,736
Schedule of Lease Term and Discount Rate	Lease term and discount rate were as follows: As of September 30, 2019 Weighted average remaining lease term - Operating leases 3.3 Years Weighted average discount rate - Operating leases 5.61 %
Schedule of Supplemental Disclosures of Cash Flow Information Related to Leases	Supplemental disclosures of cash flow information related to leases were as follows: For the Three September 30, 2019 Cash flows related to lease liabilities Operating cash flows related to operating leases $ 232,268
Schedule of Maturities of Operating Lease Liabilities	Maturities of operating lease liabilities were as follows as of September 30, 2019: Amount Within year 1 $ 1,045,298 Within year 2 874,317 Within year 3 797,007 Within year 4 305,926 Within year 5 82,404 Thereafter 6,235 Total Lease Payments 3,111,187 Less: Imputed interest (278,268 ) Present Value of lease liabilities 2,832,919 Less: Current portion (920,115 ) Non-Current portion $ 1,912,804
Schedule of Future Minimum Lease Payments	As of June 30, 2019, future minimum lease payments, as defined under the previous lease accounting guidance of ASC Topic 840, under non-cancelable operating leases for the following five fiscal years and thereafter were as follows: Within year 1 $ 744,549 Within year 2 514,243 Within year 3 269,375 Within year 4 197,872 Within year 5 36,044 Total $ 1,762,083

Long-Term Investment (Tables)

Long-Term Investment (Tables)	3 Months Ended
	Sep. 30, 2019
Investments, All Other Investments [Abstract]
Schedule of Long Term Investment	The following table reflects the above investments at September 30, 2019. DriveMate WRLD3D Total Initial investment $ 250,000 $ 3,888,889 $ 4,138,889 Cumulative net loss on investment (8,756 ) (1,284,998 ) (1,293,754 ) Cumulative other comprehensive income (loss) - (384,265 ) (384,265 ) Net investment $ 241,244 $ 2,219,626 $ 2,460,870

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	Intangible assets consisted of the following: As of As of September 30, 2019 June 30, 2019 Product Licenses - Cost $ 47,244,997 $ 47,244,997 Effect of Translation Adjustment (14,558,721 ) (15,343,727 ) Accumulated Amortization (25,526,854 ) (24,568,320 ) Net Balance $ 7,159,422 $ 7,332,950
Summary of Estimated Amortization Expense of Intangible Assets	Estimated amortization expense of intangible assets over the next five years is as follows: Year ended: September 30, 2020 $ 1,852,626 September 30, 2021 1,852,626 September 30, 2022 1,852,626 September 30, 2023 1,601,544 $ 7,159,422

Accounts Payable and Accrued _2

Accounts Payable and Accrued Expenses (Tables)	3 Months Ended
	Sep. 30, 2019
Payables and Accruals [Abstract]
Schedule of Accounts Payable and Accrued Expenses	Accounts payable and accrued expenses consisted of the following: As of As of September 30, 2019 June 30, 2019 Accounts Payable $ 1,830,934 $ 1,156,498 Accrued Liabilities 4,514,879 5,055,358 Accrued Payroll & Taxes 515,960 793,503 Taxes Payable 411,892 326,386 Other Payable 104,320 144,815 Total $ 7,377,985 $ 7,476,560

Debts (Tables)

Debts (Tables)	3 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Schedule of Components of Notes Payable and Finance Leases	Notes payable and finance leases consisted of the following: As of September 30, 2019 Current Long-Term Name Total Maturities Maturities D&O Insurance (1) $ 15,753 $ 15,753 $ - Bank Overdraft Facility (2) - - - Loan Payable Bank - Export Refinance (3) 3,184,714 3,184,714 - Loan Payable Bank - Running Finance (4) 337,580 337,580 - Loan Payable Bank - Export Refinance II (5) 2,420,382 2,420,382 - Loan Payable Bank - Running Finance II (6) 764,331 764,331 - Related Party Loan (7) 77,148 15,686 61,462 6,799,908 6,738,446 61,462 Subsidiary Finance Leases (8) 790,520 358,579 431,941 $ 7,590,428 $ 7,097,025 $ 493,403 As of June 30, 2019 Current Long-Term Name Total Maturities Maturities D&O Insurance (1) $ 67,671 $ 67,671 $ - Bank Overdraft Facility (2) - - - Loan Payable Bank - Export Refinance (3) 3,066,355 3,066,355 - Loan Payable Bank - Running Finance (4) 325,034 325,034 - Loan Payable Bank - Export Refinance II (5) 2,330,431 2,330,431 - Loan Payable Bank - Running Finance II (6) 735,925 735,925 - Related Party Loan (7) 82,969 15,838 67,131 6,608,385 6,541,254 67,131 Subsidiary Finance Leases (8) 861,784 364,343 497,441 $ 7,470,169 $ 6,905,597 $ 564,572 (1) The Company finances Directors’ and Officers’ (“D&O”) liability insurance and Errors and Omissions (“E&O”) liability insurance, for which the D&O and E&O balances are renewed on an annual basis and, as such, are recorded in current maturities. The interest rate on these financings were ranging from 6.0% to 7.0% as of September 30, 2019 and June 30, 2019. (2) The Company’s subsidiary, NTE, has an overdraft facility with HSBC Bank plc whereby the bank would cover any overdrafts up to £300,000, or approximately $370,370. The annual interest rate was 5.12% as of September 30, 2019. Total outstanding balance as of September 30, 2019 was £Nil. 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 September 30, 2019, NTE was in compliance with this covenant. (3) 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. 500,000,000 or $3,184,714 at September 30, 2019 and Rs. 500,000,000 or $3,066,355 at June 30, 2019. The interest rate for the loan was 3% at September 30, 2019 and June 30, 2019. (4) The Company’s subsidiary, NetSol PK, has a running finance facility with Askari Bank Limited, secured by NetSol PK’s assets. Total facility amount is Rs. 75,000,000 or $477,707, at September 30, 2019. NetSol PK used Rs. 53,000,000, or $337,580 at September 30, 2019. The interest rate for the loan was 15.0% and 13.0% at September 30, 2019 and June 30, 2019, respectively. This facility requires NetSol PK to maintain a long-term debt equity ratio of 60:40 and the current ratio of 1:1. As of September 30, 2019, NetSol PK was in compliance with this covenant. (5) The Company’s subsidiary, NetSol PK, has an export refinance facility with Samba Bank Limited, secured by NetSol PK’s assets. This is a revolving loan that matures every six months. Total facility amount is Rs. 380,000,000 or $2,420,382 and Rs. 380,000,000 or $2,330,431 at September 30, 2019 and June 30, 2019, respectively. The interest rate for the loan was 3% at September 30, 2019 and June 30, 2019. (6) The Company’s subsidiary, NetSol PK, has a running finance facility with Samba Bank Limited, secured by NetSol PK’s assets. Total facility amount is Rs. 120,000,000 or $764,331 and Rs. 120,000,000 or $735,925, at September 30, 2019 and June 30, 2019, respectively. The interest rate for the loan was 15.3% and 14.3% at September 30, 2019 and June 30, 2019, respectively. During the tenure of loan, the facilities from Samba Bank Limited require NetSol PK to maintain at a minimum a current ratio of 1:1, an interest coverage ratio of 4 times, a leverage ratio of 2 times, and a debt service coverage ratio of 4 times. As of September 30, 2019, NetSol PK was in compliance with these covenants. (7) In March 2019, the Company’s subsidiary, VLS, entered into a loan agreement. The loan amount was £69,549, or $85,863, for a period of 5 years with monthly payment of £1,349, or $1,665. As of September 30, 2019, the subsidiary has used this facility up to $77,148, of which $61,462 was shown as long-term and $15,686 as current. The interest rate was 6.14% at September 30, 2019. (8) The Company leases various fixed assets under finance lease arrangements expiring in various years through 2024. The assets and liabilities under finance 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 secured by the assets themselves. Depreciation of assets under finance leases is included in depreciation expense for the three months ended September 30, 2019 and 2018.
Schedule of Aggregate Minimum Future Lease Payments Under Finance Leases	Following is the aggregate minimum future lease payments under finance leases as of September 30, 2019: Amount Minimum Lease Payments Due FYE 9/30/20 $ 427,463 Due FYE 9/30/21 334,746 Due FYE 9/30/22 101,392 Due FYE 9/30/23 19,852 Due FYE 9/30/24 8,272 Total Minimum Lease Payments 891,725 Interest Expense relating to future periods (101,205 ) Present Value of minimum lease payments 790,520 Less: Current portion (358,579 ) Non-Current portion $ 431,941

Incentive and Non-Statutory S_2

Incentive and Non-Statutory Stock Option Plan (Tables)	3 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [Abstract]
Schedule of Components of Common Stock Purchase Options	Common stock purchase options consisted of the following: OPTIONS: # of shares Weighted Weighted Aggregated Intrinsic Value Outstanding and exercisable, June 30, 2019 40,386 $ 6.50 0.61 $ 404 Granted - - Exercised - - Expired / Cancelled - - Outstanding and exercisable, September 30, 2019 40,386 $ 6.50 0.36 $ -
Schedule of Stock Options and Warrants Outstanding and Exercisable	The following table summarizes information about stock options outstanding and exercisable at September 30, 2019. Exercise Price Number Outstanding and Exercisable Weighted Average Remaining Contractual Life Weighted Average Exercise Price OPTIONS: $6.50 40,386 0.36 $ 6.50 Totals 40,386 0.36 $ 6.50
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, 2019 81,515 $ 5.88 Granted 117,895 $ 5.66 Vested (60,367 ) $ 5.68 Forfeited / Cancelled (991 ) $ 6.05 Unvested, September 30, 2019 138,052 $ 5.78

Operating Segments (Tables)

Operating Segments (Tables)	3 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Summary of Identifiable Assets	The following table presents a summary of identifiable assets as of September 30, 2019 and June 30, 2019: As of As of September 30, 2019 June 30, 2019 Identifiable assets: Corporate headquarters $ 3,889,608 $ 2,947,727 North America 5,797,752 5,730,928 Europe 9,260,282 8,399,033 Asia - Pacific 69,431,740 70,419,331 Consolidated $ 88,379,382 $ 87,497,019
Summary of Investment Under Equity Method	The following table presents a summary of investment under equity method as of September 30, 2019 and June 30, 2019: As of As of September 30, 2019 June 30, 2019 Investment in associates under equity method: Corporate headquarters $ 630,186 $ 686,504 Asia - Pacific 1,830,684 1,967,265 Consolidated $ 2,460,870 $ 2,653,769
Summary of Operating Information	The following table presents a summary of operating information for the three months ended September 30: For the Three Months Ended September 30, 2019 2018 Revenues from unaffiliated customers: North America $ 977,175 $ 843,085 Europe 2,592,339 1,919,934 Asia - Pacific 9,919,969 13,403,395 13,489,483 16,166,414 Revenue from affiliated customers Asia - Pacific 82,933 230,131 82,933 230,131 Consolidated $ 13,572,416 $ 16,396,545 Intercompany revenue Europe $ 146,825 $ 138,653 Asia - Pacific 1,064,766 3,192,386 Eliminated $ 1,211,591 $ 3,331,039 Net income (loss) after taxes and before non-controlling interest: Corporate headquarters $ (864,210 ) $ (1,218,387 ) North America (57,987 ) (178,630 ) Europe 381,094 174,088 Asia - Pacific (1,720,156 ) 2,504,064 Consolidated $ (2,261,259 ) $ 1,281,135
Summary of Capital Expenditures	The following table presents a summary of capital expenditures for the three months ended September 30: For the Three Months Ended September 30, 2019 2018 Capital expenditures: North America $ - $ - Europe 31,852 98,444 Asia - Pacific 289,273 464,969 Consolidated $ 321,125 $ 563,413

Non-Controlling Interest in S_2

Non-Controlling Interest in Subsidiary (Tables)	3 Months Ended
	Sep. 30, 2019
Noncontrolling Interest [Abstract]
Schedule of Balance of Non-Controlling Interest	The Company had non-controlling interests in several of its subsidiaries. The balance of non-controlling interest was as follows: SUBSIDIARY Non-Controlling Interest % Non-Controlling Interest at September 30, 2019 NetSol PK 33.88 % $ 7,206,652 NetSol-Innovation 49.90 % 1,399,134 NetSol Thai 0.006 % (37 ) Total $ 8,605,749 SUBSIDIARY Non-Controlling Interest % Non-Controlling Interest at June 30, 2019 NetSol PK 33.80 % $ 6,993,491 NetSol-Innovation 49.90 % 1,421,528 NetSol Thai 0.006 % (32 ) Total $ 8,414,987

Basis of Presentation and Pri_3

Basis of Presentation and Principles of Consolidation - Schedule of Reclassified Net Revenues (Details) - USD ($)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Total net revenues	$ 13,572,416	$ 16,396,545
License Fees [Member]
Total net revenues	2,679,145	5,956,113
Maintenance Fees [Member]
Total net revenues	4,391,447	3,739,676
Services [Member]
Total net revenues	6,418,891	6,470,625
Services - Related Party [Member]
Total net revenues	$ 82,933	230,131
As Originally Presented [Member]
Total net revenues		16,369,545
As Originally Presented [Member] | License Fees [Member]
Total net revenues		5,956,113
As Originally Presented [Member] | Maintenance Fees [Member]
Total net revenues		3,638,327
As Originally Presented [Member] | Services [Member]
Total net revenues		6,418,634
As Originally Presented [Member] | Maintenance Fees - Related Party [Member]
Total net revenues		101,349
As Originally Presented [Member] | Services - Related Party [Member]
Total net revenues		282,122
Reclassified [Member]
Total net revenues		16,396,545
Reclassified [Member] | License Fees [Member]
Total net revenues		5,956,113
Reclassified [Member] | Maintenance Fees [Member]
Total net revenues		3,739,676
Reclassified [Member] | Services [Member]
Total net revenues		6,470,625
Reclassified [Member] | Maintenance Fees - Related Party [Member]
Total net revenues
Reclassified [Member] | Services - Related Party [Member]
Total net revenues		$ 230,131

Accounting Policies (Details Na

Accounting Policies (Details Narrative) - USD ($)	Sep. 30, 2019	Jul. 02, 2019	Jun. 30, 2019
Accounting Policies [Abstract]
Uninsured deposits related to cash deposits	$ 16,695,896		$ 16,124,339
Operating lease assets, net	2,734,762	$ 3,011,814
Lease liabilities	$ 2,832,919	$ 3,091,236

Accounting Policies - Schedule

Accounting Policies - Schedule of Fair Value of Financial Assets Measured on Recurring Basis (Details) - USD ($)	Sep. 30, 2019	Jul. 30, 2019	Jun. 30, 2019
Revenue in excess of billing - long term	$ 1,246,660		$ 1,281,492
Total	1,246,660		1,281,492
Level 1 [Member]
Revenue in excess of billing - long term
Total
Level 2 [Member]
Revenue in excess of billing - long term
Total
Level 3 [Member]
Revenue in excess of billing - long term	1,246,660		1,281,492
Total	$ 1,246,660		$ 1,281,492

Accounting Policies - Schedul_2

Accounting Policies - Schedule of Fair Value of Financial Instruments Reconciliation (Details)	3 Months Ended
	Sep. 30, 2019USD ($)
Revenue in excess of billing long term beginning balance	$ 1,281,492
Amortization during the period	13,860
Effect of Translation Adjustment	(48,692)
Revenue in excess of billing long term ending balance	1,246,660
Revenue in Excess of Billing - Long Term [Member]
Revenue in excess of billing long term beginning balance	1,380,631
Amortization during the period
Effect of Translation Adjustment	(52,208)
Revenue in excess of billing long term ending balance	1,328,423
Fair Value Discount [Member]
Revenue in excess of billing long term beginning balance	(99,139)
Amortization during the period	13,860
Effect of Translation Adjustment	3,516
Revenue in excess of billing long term ending balance	$ (81,763)

Revenue Recognition (Details Na

Revenue Recognition (Details Narrative)	3 Months Ended
	Sep. 30, 2019USD ($)
Revenue Recognition and Deferred Revenue [Abstract]
Deferred revenue, revenue recognized	$ 3,000,062
Contracted but unsatisfied performance obligations	69,197,093
Contracted but unsatisfied performance obligations, next twelve months	$ 14,540,294
Estimated revenue recognized term	5 years

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Disaggregated Revenue by Category (Details) - USD ($)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Total net revenues	$ 13,572,416	$ 16,396,545
License Fees [Member]
Total net revenues	2,679,145	5,956,113
Maintenance Fees [Member]
Total net revenues	4,391,447	3,739,676
Services [Member]
Total net revenues	6,418,891	6,470,625
Services - Related Party [Member]
Total net revenues	82,933	230,131
Core Revenue [Member]
Total net revenues	11,779,794	14,846,659
Core Revenue [Member] | License Fees [Member]
Total net revenues	2,679,145	5,956,113
Core Revenue [Member] | Maintenance Fees [Member]
Total net revenues	4,391,447	3,739,676
Core Revenue [Member] | Services [Member]
Total net revenues	4,626,269	4,988,025
Core Revenue [Member] | Services - Related Party [Member]
Total net revenues	82,933	162,845
Non-Core Revenue [Member]
Total net revenues	1,792,622	1,549,886
Non-Core Revenue [Member] | Services [Member]
Total net revenues	1,792,622	1,482,600
Non-Core Revenue [Member] | Services - Related Party [Member]
Total net revenues		$ 67,286

Revenue Recognition - Schedul_2

Revenue Recognition - Schedule of Revenues in Excess of Billings and Deferred Revenue (Details) - USD ($)	Sep. 30, 2019	Jun. 30, 2019
Revenue Recognition and Deferred Revenue [Abstract]
Revenues in excess of billings	$ 17,640,189	$ 16,111,366
Deferred Revenue	$ 4,424,652	$ 5,977,736

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Components of Basic and Diluted Earnings Per Share (Details) - USD ($)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Earnings Per Share [Abstract]
Net income (loss) available to common shareholders, Net Income (loss)	$ (1,827,947)	$ 962,589
Net income (loss) available to common shareholders, Shares	11,664,239	11,502,616
Net income (loss) available to common shareholders, Per Share	$ (0.16)	$ 0.08
Effect of dilutive securities stock grants, shares		5,114
Diluted income (loss) per share, Net Income	$ (1,827,947)	$ 962,589
Diluted income (loss) per share, Shares	11,664,239	11,507,730
Diluted income (loss) per share, Per Share	$ (0.16)	$ 0.08

Earnings Per Share - Schedule_2

Earnings Per Share - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Antidilutive securities excluded from computation of earnings per share, amount	178,438	53,462
Stock Option [Member]
Antidilutive securities excluded from computation of earnings per share, amount	40,386	53,462
Stock Grants [Member]
Antidilutive securities excluded from computation of earnings per share, amount	138,052

Other Comprehensive Income an_2

Other Comprehensive Income and Foreign Currency (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Stockholders' equity	$ 66,065,074	$ 69,448,646	$ 66,484,230	$ 76,936,052
Net translation adjustment	903,345	(263,203)
Other Comprehensive Loss [Member]
Stockholders' equity	$ (32,221,661)	$ (24,649,274)	$ (33,125,006)	$ (24,386,071)

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2019
Accounts receivable, related parties	$ 3,225,787		$ 3,266,600
NetSol-Innovation [Member]
Revenue from maintenance and services		$ 67,286
Accounts receivable, related parties	$ 2,231,841	$ 2,130,041

Major Customers (Details Narrat

Major Customers (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2019
Revenue	$ 13,572,416	$ 16,396,545
Revenues in excess of billings	16,345,384		$ 14,719,047
Revenue in excess of billing - long term	1,246,660		1,281,492
Customer One [Member]
Revenue	$ 5,041,367	$ 4,716,404
Concentration risk, percentage	37.10%	28.80%
Revenues in excess of billings	$ 6,330,729		4,371,081
Customer One [Member] | Accounts Receivable [Member]
Accounts receivable, gross	2,372,071		7,917,814
Customer Two [Member]
Revenue	$ 951,369	$ 4,850,093
Concentration risk, percentage	7.00%	29.60%
Revenues in excess of billings	$ 6,372,328		5,472,043
Customer Two [Member] | Accounts Receivable [Member]
Accounts receivable, gross	$ 1,015,369		$ 159,322

Convertible Note Receivable -_3

Convertible Note Receivable - Related Party (Details Narrative) - USD ($)	Aug. 19, 2019	Apr. 02, 2019	Sep. 30, 2019	Sep. 09, 2019	Feb. 09, 2018	May 25, 2017
Convertible note, interest rate	10.00%	10.00%			10.00%	5.00%
Convertible note, maturity date	Mar. 31, 2020	Mar. 31, 2020
Conversion equity financing	$ 400,000	$ 435,000	$ 4,085,000		$ 2,500,000	$ 750,000
Accrued interest			$ 414,297
Convertible Promissory Note [Member]
Convertible promissory note, principal amount				$ 400,000
Convertible note, interest rate	10.00%
Convertible note, maturity date	Mar. 31, 2020
Conversion price			$ 0.6788
Convertible Promissory Note [Member] | Minimum [Member]
Conversion equity financing			$ 1,000,000
Convertible Promissory Note [Member] | Maximum [Member]
Conversion equity financing			$ 1,000,000

Convertible Note Receivable -_4

Convertible Note Receivable - Related Party - Schedule of Convertible Note (Details) - USD ($)	Aug. 19, 2019	Apr. 02, 2019	Feb. 09, 2018	May 25, 2017	Sep. 30, 2019
Receivables [Abstract]
Interest Rate	10.00%	10.00%	10.00%	5.00%
Maturity Date, description			On Demand	On Demand
Maturity Date	Mar. 31, 2020	Mar. 31, 2020
Convertible Note Amount	$ 400,000	$ 600,000	$ 2,500,000	$ 750,000	$ 4,250,000
Amount Disbursed	$ 400,000	$ 435,000	$ 2,500,000	$ 750,000	$ 4,085,000

Other Current Assets - Schedule

Other Current Assets - Schedule of Other Current Assets (Details) - USD ($)	Sep. 30, 2019	Jun. 30, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses	$ 1,085,863	$ 991,528
Advance Income Tax	743,939	800,798
Employee Advances	97,925	33,778
Security Deposits	149,074	147,668
Other Receivables	940,599	733,826
Other Assets	334,298	438,666
Total	$ 3,351,698	$ 3,146,264

Revenues in Excess of Billing_3

Revenues in Excess of Billings - Long Term (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Contractors [Abstract]
Accreted amount	$ 13,860
Interest rate discount	4.35%

Revenues in Excess of Billing_4

Revenues in Excess of Billings - Long Term - Schedule of Revenues in Excess of Billings (Details) - USD ($)	Sep. 30, 2019	Jun. 30, 2019
Contractors [Abstract]
Revenues in excess of billing - long term	$ 1,328,423	$ 1,380,631
Present value discount	(81,763)	(99,139)
Net Balance	$ 1,246,660	$ 1,281,492

Property and Equipment (Details

Property and Equipment (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 465,451	$ 564,128
Depreciation reflected in cost of revenues	$ 263,064	$ 351,896

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($)	Sep. 30, 2019	Jun. 30, 2019
Property, Plant and Equipment [Line Items]
Subtotal	$ 33,817,354	$ 32,468,444
Accumulated Depreciation	(21,338,513)	(20,371,589)
Property and Equipment, Net	12,478,841	12,096,855
Office Furniture and Equipment [Member]
Property, Plant and Equipment [Line Items]
Subtotal	3,231,116	3,125,382
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Subtotal	19,557,328	18,905,603
Assets Under Finance Leases [Member]
Property, Plant and Equipment [Line Items]
Subtotal	1,669,388	1,720,490
Building [Member]
Property, Plant and Equipment [Line Items]
Subtotal	6,247,424	6,021,939
Land [Member]
Property, Plant and Equipment [Line Items]
Subtotal	1,619,290	1,559,111
Autos [Member]
Property, Plant and Equipment [Line Items]
Subtotal	1,399,070	1,024,754
Improvements [Member]
Property, Plant and Equipment [Line Items]
Subtotal	$ 93,738	$ 111,165

Property and Equipment - Summar

Property and Equipment - Summary of Fixed Assets Held Under Finance Leases (Details) - USD ($)	Sep. 30, 2019	Jun. 30, 2019
Capital Leased Assets [Line Items]
Fixed assets held under finance leases, Total	$ 1,669,388	$ 1,720,490
Less: Accumulated Depreciation - Net	(567,780)	(538,564)
Fixed assets held under finance leases, Net	1,101,608	1,181,926
Computers and Other Equipment [Member]
Capital Leased Assets [Line Items]
Fixed assets held under finance leases, Total	317,296	324,466
Furniture and Fixtures [Member]
Capital Leased Assets [Line Items]
Fixed assets held under finance leases, Total	65,084	65,084
Vehicles [Member]
Capital Leased Assets [Line Items]
Fixed assets held under finance leases, Total	$ 1,287,008	$ 1,330,940

Property and Equipment - Sche_2

Property and Equipment - Schedule of Finance Lease Term (Details)	Sep. 30, 2019
Property, Plant and Equipment [Abstract]
Weighted average remaining lease term - finance leases	2 years 1 month 9 days
Weighted average discount rate - finance leases	12.79%

Leases (Details Narrative)

Leases (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2019	Jul. 02, 2019	Jun. 30, 2019
Operating lease assets, net	$ 2,734,762	$ 3,011,814
Lease Agreement [Member]
Operating lease termination, description	The Company is a lessor for certain office space leased by the Company and sub-leased to others under non-cancelable leases. These lease agreements provide for a fixed base rent and terminate by July 2021. All leases are considered operating leases. There are no rights to purchase the premises and no residual value guarantees.
Operating lease income	$ 8,199
Operating lease description	The company entered into an agreement to acquire additional office space in London for a term of two years which will begin October 1, 2019
Operating lease assets, net	$ 505,761
Minimum [Member]
Finance lease term	1 year
Operating lease term	1 year
Maximum [Member]
Finance lease term	10 years
Operating lease term	10 years

Leases - Schedule of Balance Sh

Leases - Schedule of Balance Sheet Information Related to Leases (Details) - USD ($)	Sep. 30, 2019	Jul. 02, 2019	Jun. 30, 2019
Leases [Abstract]
Operating lease assets, net	$ 2,734,762	$ 3,011,814
Operating lease liability, Current	920,115
Operating lease liability, Non-current	1,912,804
Total Lease Liabilities	$ 2,832,919	$ 3,091,236

Leases - Schedule of Components

Leases - Schedule of Components of Lease Cost (Details)	3 Months Ended
	Sep. 30, 2019USD ($)
Leases [Abstract]
Amortization of finance lease assets	$ 26,330
Interest on finance lease obligation	22,918
Operating lease cost	263,577
Short term lease cost	74,110
Sub lease income	(8,199)
Total lease cost	$ 378,736

Leases - Schedule of Lease Term

Leases - Schedule of Lease Term and Discount Rate (Details)	Sep. 30, 2019
Leases [Abstract]
Weighted average remaining lease term - Operating leases	3 years 3 months 19 days
Weighted average discount rate - Operating leases	5.61%

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Disclosures of Cash Flow Information Related to Leases (Details)	3 Months Ended
	Sep. 30, 2019USD ($)
Leases [Abstract]
Operating cash flows related to operating leases	$ 232,268

Leases - Schedule of Maturities

Leases - Schedule of Maturities of Operating Lease Liabilities (Details) - USD ($)	Sep. 30, 2019	Jul. 02, 2019	Jun. 30, 2019
Leases [Abstract]
Within year 1	$ 1,045,298
Within year 2	874,317
Within year 3	797,007
Within year 4	305,926
Within year 5	82,404
Thereafter	6,235
Total Lease Payments	3,111,187
Less: Imputed interest	(278,268)
Present Value of lease liabilities	2,832,919	$ 3,091,236
Less: Current portion	920,115
Non-Current portion	$ 1,912,804

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Lease Payments (Details)	Jun. 30, 2019USD ($)
Leases [Abstract]
Within year 1	$ 744,549
Within year 2	514,243
Within year 3	269,375
Within year 4	197,872
Within year 5	36,044
Total	$ 1,762,083

Long Term Investment (Details N

Long Term Investment (Details Narrative) - USD ($)	May 02, 2019	Sep. 02, 2017	Mar. 02, 2017	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2019
Share of net loss from equity investment				$ (189,224)	$ (299,691)
Revenues in excess of billings - related party				48,145		$ 110,827
NetSol PK [Member]
Accounts receivable					1,166,431	1,020,589
Revenues in excess of billings - related party					48,145	$ 110,827
NetSol PK [Member]
Revenue from services				82,933	162,845
Share of net loss from equity investment				$ 183,832	$ 299,691
Payments to acquire investment			$ 2,777,778
Purchase of investment, percentage			12.20%
WRLD3D [Member]
Payments for financial interest			$ 1,111,111
Payments to acquire investment		$ 555,555	$ 555,556
WRLD3D [Member]
Percentage of interest in subsidiary			4.90%
Drivemate Agreement [Member] | Drivemate Co., Ltd. [Member]
Equity interest, percentage	5.27%			30.00%
Number of shares purchased	760			5,469
Number of shares purchased, value	$ 250,000			$ 1,800,000
Revenue from services				204,615
Share of net loss from equity investment				5,392
Drivemate Agreement [Member] | Drivemate Co., Ltd. [Member] | Final Payment [Member]
Number of shares purchased, value				250,000
Remaining amount paid in increments				62,500
Drivemate Agreement [Member] | Drivemate Co., Ltd. [Member] | Services [Member]
Number of shares purchased, value				1,300,000
Drivemate Agreement [Member] | Drivemate Co., Ltd. [Member] | Cash [Member]
Number of shares purchased, value				$ 500,000

Long Term Investment - Schedule

Long Term Investment - Schedule of Long Term Investment (Details) - USD ($)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Initial investment	$ 2,653,769
Cumulative net loss on investment	(189,224)	$ (299,691)
Cumulative other comprehensive income (loss)	(384,265)
Net investment	2,460,870
Drivemate Co., Ltd. [Member]
Initial investment	250,000
Cumulative net loss on investment	(8,756)
Cumulative other comprehensive income (loss)
Net investment	241,244
WRLD3D, Inc. [Member]
Initial investment	3,888,889
Cumulative net loss on investment	(1,284,998)
Cumulative other comprehensive income (loss)	(384,265)
Net investment	$ 2,219,626

Intangible Assets (Details Narr

Intangible Assets (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2019
Intangible assets, net	$ 7,159,422		$ 7,332,950
Product Licenses [Member]
Intangible assets, net	$ 7,159,422
Finite-lived intangible assets, amortization over period	4 years
Amortization expenses of intangible assets	$ 456,601	$ 585,708

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets (Details) - USD ($)	Sep. 30, 2019	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Product Licenses - Cost	$ 47,244,997	$ 47,244,997
Effect of Translation Adjustment	(14,558,721)	(15,343,727)
Accumulated Amortization	(25,526,854)	(24,568,320)
Net Balance	$ 7,159,422	$ 7,332,950

Intangible Assets - Summary of

Intangible Assets - Summary of Estimated Amortization Expense of Intangible Assets (Details) - USD ($)	Sep. 30, 2019	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
September 30, 2020	$ 1,852,626
September 30, 2021	1,852,626
September 30, 2022	1,852,626
September 30, 2023	1,601,544
Total	$ 7,159,422	$ 7,332,950

Accounts Payable and Accrued _3

Accounts Payable and Accrued Expenses - Schedule of Accounts Payable and Accrued Expenses (Details) - USD ($)	Sep. 30, 2019	Jun. 30, 2019
Payables and Accruals [Abstract]
Accounts Payable	$ 1,830,934	$ 1,156,498
Accrued Liabilities	4,514,879	5,055,358
Accrued Payroll & Taxes	515,960	793,503
Taxes Payable	411,892	326,386
Other Payable	104,320	144,815
Total	$ 7,377,985	$ 7,476,560

Debts - Schedule of Components

Debts - Schedule of Components of Notes Payable and Finance Leases (Details) - USD ($)		Sep. 30, 2019	Jun. 30, 2019
Total		$ 6,799,908	$ 6,608,385
Current Maturities		6,738,446	6,541,254
Long-Term Maturities		61,462	67,131
Subsidiary Finance Leases, Total	[1]	790,520	861,784
Subsidiary Finance Leases, Current Maturities	[1]	358,579	364,343
Subsidiary Finance Leases, Long-Term Maturities	[1]	431,941	497,441
Total		7,590,428	7,470,169
Current Maturities		7,097,025	6,905,597
Long-Term Maturities		493,403	564,572
D&O Insurance [Member]
Total	[2]	15,753	67,671
Current Maturities	[2]	15,753	67,671
Long-Term Maturities	[2]
Bank Overdraft Facility [Member]
Total	[3]
Current Maturities	[3]
Long-Term Maturities	[3]
Loan Payable Bank - Export Refinance [Member]
Total	[4]	3,184,714	3,066,355
Current Maturities	[4]	3,184,714	3,066,355
Long-Term Maturities	[4]
Loan Payable Bank - Running Finance [Member]
Total	[5]	337,580	325,034
Current Maturities	[5]	337,580	325,034
Long-Term Maturities	[5]
Loan Payable Bank - Export Refinance II [Member]
Total	[6]	2,420,382	2,330,431
Current Maturities	[6]	2,420,382	2,330,431
Long-Term Maturities	[6]
Loan Payable Bank - Running Finance II [Member]
Total	[7]	764,331	735,925
Current Maturities	[7]	764,331	735,925
Long-Term Maturities	[7]
Related Party Loan [Member]
Total	[8]	77,148	82,969
Current Maturities	[8]	15,686	15,838
Long-Term Maturities	[8]	$ 61,462	$ 67,131
[1]	The Company leases various fixed assets under finance lease arrangements expiring in various years through 2024. The assets and liabilities under finance 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 secured by the assets themselves. Depreciation of assets under finance leases is included in depreciation expense for the three months ended September 30, 2019 and 2018.
[2]	The Company finances Directors and Officers (D&O) liability insurance and Errors and Omissions (E&O) liability insurance, for which the D&O and E&O balances are renewed on an annual basis and, as such, are recorded in current maturities. The interest rate on these financings were ranging from 6.0% to 7.0% as of September 30, 2019 and June 30, 2019.
[3]	The Companys subsidiary, NTE, has an overdraft facility with HSBC Bank plc whereby the bank would cover any overdrafts up to £300,000, or approximately $370,370. The annual interest rate was 5.12% as of September 30, 2019. Total outstanding balance as of September 30, 2019 was £Nil. 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 September 30, 2019, NTE was in compliance with this covenant.
[4]	The Companys subsidiary, NetSol PK, has an export refinance facility with Askari Bank Limited, secured by NetSol PKs assets. This is a revolving loan that matures every six months. Total facility amount is Rs. 500,000,000 or $3,184,714 at September 30, 2019 and Rs. 500,000,000 or $3,066,355 at June 30, 2019. The interest rate for the loan was 3% at September 30, 2019 and June 30, 2019.
[5]	The Companys subsidiary, NetSol PK, has a running finance facility with Askari Bank Limited, secured by NetSol PKs assets. Total facility amount is Rs. 75,000,000 or $477,707, at September 30, 2019. NetSol PK used Rs. 53,000,000, or $337,580 at September 30, 2019. The interest rate for the loan was 15.0% and 13.0% at September 30, 2019 and June 30, 2019, respectively.
[6]	The Companys subsidiary, NetSol PK, has an export refinance facility with Samba Bank Limited, secured by NetSol PKs assets. This is a revolving loan that matures every six months. Total facility amount is Rs. 380,000,000 or $2,420,382 and Rs. 380,000,000 or $2,330,431 at September 30, 2019 and June 30, 2019, respectively. The interest rate for the loan was 3% at September 30, 2019 and June 30, 2019.
[7]	The Companys subsidiary, NetSol PK, has a running finance facility with Samba Bank Limited, secured by NetSol PKs assets. Total facility amount is Rs. 120,000,000 or $764,331 and Rs. 120,000,000 or $735,925, at September 30, 2019 and June 30, 2019, respectively. The interest rate for the loan was 15.3% and 14.3% at September 30, 2019 and June 30, 2019, respectively. During the tenure of loan, the facilities from Samba Bank Limited require NetSol PK to maintain at a minimum a current ratio of 1:1, an interest coverage ratio of 4 times, a leverage ratio of 2 times, and a debt service coverage ratio of 4 times. As of September 30, 2019, NetSol PK was in compliance with these covenants.
[8]	In March 2019, the Company's subsidiary, VLS, entered into a loan agreement. The loan amount was £69,549, or $85,863, for a period of 5 years with monthly payment of £1,349, or $1,665. As of September 30, 2019, the subsidiary has used this facility up to $77,148, of which $61,462 was shown as long-term and $15,686 as current. The interest rate was 6.14% at September 30, 2019.

Debts - Schedule of Component_2

Debts - Schedule of Components of Notes Payable and Finance Leases (Details) (Parenthetical)	Feb. 09, 2018	May 25, 2017	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Sep. 30, 2019GBP (£)	Sep. 30, 2019INR (₨)	Aug. 19, 2019	Jun. 30, 2019INR (₨)	Apr. 02, 2019
Debt instrument, interest rate	10.00%	5.00%					10.00%		10.00%
Debt maturity term description	On Demand	On Demand
Capital Lease Arrangements [Member]
Lease arrangement expiration				Years through 2024
NetSol PK [Member] | Running Finance Facility [Member]
Line of credit			$ 337,580
NetSol PK [Member] | INR [Member] | Running Finance Facility [Member]
Line of credit | ₨						₨ 53,000,000
Virtual Lease Services Limited [Member] | Loan Agreement [Member]
Line of credit facility, maximum borrowing capacity			77,148
Long term liabilities			61,462
Line of credit. current			15,686
Virtual Lease Services Limited [Member] | Loan Agreement [Member] | Investec Asset Finance [Member]
Line of credit			$ 85,863
Debt instrument, interest rate			6.14%		6.14%	6.14%
Line of credit, term			5 years
Line of credit monthly payments			$ 1,665
Virtual Lease Services Limited [Member] | GBP [Member] | Loan Agreement [Member] | Investec Asset Finance [Member]
Line of credit | £					£ 69,549
Line of credit monthly payments			1,349
HSBC Bank [Member] | NTE [Member]
Line of credit facility, maximum borrowing capacity			$ 370,370
Debt instrument, interest rate			5.12%		5.12%	5.12%
Line of credit variable interest rate			200.00%
HSBC Bank [Member] | NTE [Member] | GBP [Member]
Line of credit facility, maximum borrowing capacity | £					£ 300,000
Line of credit | £
Askari Bank Limited [Member] | NetSol PK [Member] | Refinance Facility [Member]
Line of credit			$ 3,184,714	$ 3,066,355
Debt instrument, interest rate			3.00%	3.00%	3.00%	3.00%		3.00%
Debt maturity term description			Revolving loan that matures every six months.
Askari Bank Limited [Member] | NetSol PK [Member] | Running Finance Facility [Member]
Line of credit			$ 477,707
Debt instrument, interest rate			15.00%	13.00%	15.00%	15.00%		13.00%
Long term debt covenant description			Long term debt equity ratio of 60:40 and the current ratio of 1:1.
Askari Bank Limited [Member] | NetSol PK [Member] | INR [Member] | Refinance Facility [Member]
Line of credit | ₨						₨ 500,000,000		₨ 500,000,000
Askari Bank Limited [Member] | NetSol PK [Member] | INR [Member] | Running Finance Facility [Member]
Line of credit | ₨						₨ 75,000,000
Samba Bank Limited [Member] | NetSol PK [Member] | Refinance Facility [Member]
Line of credit			$ 2,420,382	$ 2,330,431
Debt instrument, interest rate			3.00%	3.00%	3.00%	3.00%		3.00%
Samba Bank Limited [Member] | NetSol PK [Member] | Running Finance Facility [Member]
Line of credit			$ 764,331	$ 735,925
Debt instrument, interest rate			15.30%	14.30%	15.30%	15.30%		14.30%
Long term debt covenant description				The facilities from Samba Bank Limited require NetSol PK to maintain at a minimum a current ratio of 1:1, an interest coverage ratio of 4 times, a leverage ratio of 2 times, and a debt service coverage ratio of 4 times. As of September 30, 2019, NetSol PK was in compliance with these covenants.
Samba Bank Limited [Member] | NetSol PK [Member] | INR [Member] | Refinance Facility [Member]
Line of credit | ₨						₨ 350,000,000		₨ 380,000,000
Samba Bank Limited [Member] | NetSol PK [Member] | INR [Member] | Running Finance Facility [Member]
Line of credit | ₨						₨ 120,000,000		₨ 120,000,000
Directors and Officers Errors and Omissions Liability Insurance [Member]
Line of credit facility interest rate			6.00%	7.00%	6.00%	6.00%		7.00%

Debts - Schedule of Aggregate M

Debts - Schedule of Aggregate Minimum Future Lease Payments Under Finance Leases (Details) - USD ($)	Sep. 30, 2019	Jun. 30, 2019
Debt Disclosure [Abstract]
Due FYE 9/30/20	$ 427,463
Due FYE 9/30/21	334,746
Due FYE 9/30/22	101,392
Due FYE 9/30/23	19,852
Due FYE 9/30/24	8,272
Total Minimum Lease Payments	891,725
Interest Expense relating to future periods	(101,205)
Present Value of minimum lease payments	7,590,428	$ 7,470,169
Less: Current portion	7,097,025	6,905,597
Non-Current portion	$ 493,403	$ 564,572

Stockholders' Equity (Details N

Stockholders' Equity (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Issuance of common stock value for services	$ 342,781	$ 446,540
Officers [Member]
Issuance of common stock shares for services	34,904
Issuance of common stock value for services	$ 195,263
Independent Members [Member]
Issuance of common stock shares for services	11,289
Issuance of common stock value for services	$ 65,297
Employees [Member] | Employment Agreements [Member]
Issuance of common stock shares under employment agreement	14,174
Issuance of common stock value under employment agreement	$ 82,221

Incentive and Non-Statutory S_3

Incentive and Non-Statutory Stock Option Plan (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Share-based Payment Arrangement [Abstract]
Compensation expense	$ 164,293	$ 432,048
Compensation expense related to unvested options yet to be recognized	$ 778,463
Stock option description	The fiscal years 2020 through 2022

Incentive and Non-Statutory S_4

Incentive and Non-Statutory Stock Option Plan - Schedule of Components of Common Stock Purchase Options (Details)	3 Months Ended
	Sep. 30, 2019USD ($)$ / sharesshares
Share-based Payment Arrangement [Abstract]
Number of shares, Outstanding and Exercisable Beginning | shares	40,386
Number of shares, Granted | shares
Number of shares, Exercised | shares
Number of shares, Expired / Cancelled | shares
Number of shares, Outstanding and Exercisable Ending | shares	40,386
Weighted Average Exercise Price, Outstanding and Exercisable Beginning | $ / shares	$ 6.50
Weighted Average Exercise Price, Granted | $ / shares
Weighted Average Exercise Price, Exercised | $ / shares
Weighted Average Exercise Price, Expired / Cancelled | $ / shares
Weighted Average Exercise Price, Outstanding and Exercisable Ending | $ / shares	$ 6.50
Weighted Average Remaining Contractual Life (in years), Outstanding and Exercisable	7 months 10 days
Weighted Average Remaining Contractual Life (in years), Outstanding and Exercisable Ending	4 months 9 days
Aggregated Intrinsic Value, Outstanding and Exercisable Beginning | $	$ 404
Aggregated Intrinsic Value, Outstanding and Exercisable Ending | $

Incentive and Non-Statutory S_5

Incentive and Non-Statutory Stock Option Plan - Schedule of Stock Options and Warrants Outstanding and Exercisable (Details)	3 Months Ended
	Sep. 30, 2019$ / sharesshares
Share-based Payment Arrangement [Abstract]
Exercise Price	$ 6.50
Number Outstanding and Exercisable, shares | shares	40,386
Weighted Average Remaining Contractual Life	4 months 9 days
Weighted Average Exercise Price	$ 6.50

Incentive and Non-Statutory S_6

Incentive and Non-Statutory Stock Option Plan - Summary of Unvested Stock Grants Awarded as Compensation (Details)	3 Months Ended
	Sep. 30, 2019$ / sharesshares
Share-based Payment Arrangement [Abstract]
Number of shares, Unvested beginning balance | shares	81,515
Number of shares, Granted | shares	117,895
Number of shares, Vested | shares	(60,367)
Number of shares, Forfeited / Cancelled | shares	(991)
Number of shares, Unvested ending balance | shares	138,052
Weighted Average Grant Date Fair Value, Unvested beginning balance | $ / shares	$ 5.88
Weighted Average Grant Date Fair Value, Granted | $ / shares	5.66
Weighted Average Grant Date Fair Value, Vested | $ / shares	5.68
Weighted Average Grant Date Fair Value, Forefieted / Cancelled | $ / shares	6.05
Weighted Average Grant Date Fair Value, Unvested ending balance | $ / shares	$ 5.78

Operating Segments (Details Nar

Operating Segments (Details Narrative)	3 Months Ended
	Sep. 30, 2019Number
Segment Reporting [Abstract]
Number of operating segments	3

Operating Segments - Summary of

Operating Segments - Summary of Identifiable Assets (Details) - USD ($)	Sep. 30, 2019	Jun. 30, 2019
Identifiable Assets	$ 88,379,382	$ 87,497,019
Corporate Headquarters [Member]
Identifiable Assets	3,889,608	2,947,727
North America [Member]
Identifiable Assets	5,797,752	5,730,928
Europe [Member]
Identifiable Assets	9,260,282	8,399,033
Asia - Pacific [Member]
Identifiable Assets	$ 69,431,740	$ 70,419,331

Operating Segments - Summary _2

Operating Segments - Summary of Investment Under Equity Method (Details) - USD ($)	Sep. 30, 2019	Jun. 30, 2019
Equity method investments	$ 2,460,870	$ 2,653,769
Corporate Headquarters [Member]
Equity method investments	630,186	686,504
Asia - Pacific [Member]
Equity method investments	$ 1,830,684	$ 1,967,265

Operating Segments - Summary _3

Operating Segments - Summary of Operating Information (Details) - USD ($)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Revenues	$ 13,572,416	$ 16,396,545
Net income (loss) after taxes and before non-controlling interest	(2,261,259)	1,281,135
Intercompany Revenue [Member]
Revenues	1,211,591	3,331,039
North America [Member]
Net income (loss) after taxes and before non-controlling interest	(57,987)	(178,630)
Europe [Member]
Net income (loss) after taxes and before non-controlling interest	381,094	174,088
Europe [Member] | Intercompany Revenue [Member]
Revenues	146,825	138,653
Asia - Pacific [Member]
Net income (loss) after taxes and before non-controlling interest	(1,720,156)	2,504,064
Asia - Pacific [Member] | Intercompany Revenue [Member]
Revenues	1,064,766	3,192,386
Corporate Headquarters [Member]
Net income (loss) after taxes and before non-controlling interest	(864,210)	(1,218,387)
Unaffiliated Customers [Member]
Revenues	13,489,483	16,166,414
Unaffiliated Customers [Member] | North America [Member]
Revenues	977,175	843,085
Unaffiliated Customers [Member] | Europe [Member]
Revenues	2,592,339	1,919,934
Unaffiliated Customers [Member] | Asia - Pacific [Member]
Revenues	9,919,969	13,403,395
Affiliated Customers [Member]
Revenues	82,933	230,131
Affiliated Customers [Member] | Asia - Pacific [Member]
Revenues	$ 82,933	$ 230,131

Operating Segments - Summary _4

Operating Segments - Summary of Capital Expenditures (Details) - USD ($)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Capital expenditures	$ 321,125	$ 563,413
North America [Member]
Capital expenditures
Europe [Member]
Capital expenditures	31,852	98,444
Asia - Pacific [Member]
Capital expenditures	$ 289,273	$ 464,969

Non-Controlling Interest in S_3

Non-Controlling Interest in Subsidiary (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2019
Exercise of common stock options, shares
Proceeds from stock option exercised	$ 11,621	$ 2,650
NetSol PK [Member]
Non-controlling interest, percentage	33.88%		33.80%
NetSol PK [Member]
Exercise of common stock options, shares	114,000
Proceeds from stock option exercised	$ 11,261

Non-Controlling Interest in S_4

Non-Controlling Interest in Subsidiary - Schedule of Balance of Non-Controlling Interest (Details) - USD ($)	Sep. 30, 2019	Jun. 30, 2019
Non-Controlling Interest	$ 8,605,749	$ 8,414,987
NetSol PK [Member]
Non-Controlling Interest, Percentage	33.88%	33.80%
Non-Controlling Interest	$ 7,206,652	$ 6,993,491
NetSol-Innovation [Member]
Non-Controlling Interest, Percentage	49.90%	49.90%
Non-Controlling Interest	$ 1,399,134	$ 1,421,528
NetSol Thai [Member]
Non-Controlling Interest, Percentage	0.0006%	0.006%
Non-Controlling Interest	$ (37)	$ (32)