NetSol (NTWK) 10-Q 13 Nov 24 2025 Q1 Quarterly report Financial data

Cover

Cover - $ / shares	3 Months Ended
	Sep. 30, 2024	Nov. 06, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2025
Current Fiscal Year End Date	--06-30
Entity File Number	0-22773
Entity Registrant Name	NETSOL TECHNOLOGIES, INC.
Entity Central Index Key	0001039280
Entity Tax Identification Number	95-4627685
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	16000 Ventura Blvd.
Entity Address, Address Line Two	Suite 770
Entity Address, City or Town	Encino
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	91436
City Area Code	(818)
Local Phone Number	222-9195
Title of 12(b) Security	Common Stock, $0.01 par value per share
Trading Symbol	NTWK
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		11,474,841
Entity Listing, Par Value Per Share	$ 0.01

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2024	Jun. 30, 2024
Current assets:
Cash and cash equivalents	$ 24,525,956	$ 19,127,165
Accounts receivable, net of allowance of $15,533 and $398,809	5,936,063	13,049,614
Revenues in excess of billings, net of allowance of $460,743 and $116,148	12,743,571	12,684,518
Other current assets	3,328,112	2,600,786
Total current assets	46,533,702	47,462,083
Revenues in excess of billings, net - long term	866,388	954,029
Property and equipment, net	4,847,869	5,106,842
Right of use assets - operating leases	1,216,835	1,328,624
Other assets	32,341	32,340
Goodwill	9,302,524	9,302,524
Total assets	62,799,659	64,186,442
Current liabilities:
Accounts payable and accrued expenses	8,414,790	8,232,342
Current portion of loans and obligations under finance leases	6,443,937	6,276,125
Current portion of operating lease obligations	590,541	608,202
Unearned revenue	6,923,112	8,752,153
Total current liabilities	22,372,380	23,868,822
Loans and obligations under finance leases; less current maturities	92,638	95,771
Operating lease obligations; less current maturities	594,631	688,749
Total liabilities	23,059,649	24,653,342
Stockholders’ equity:
Preferred stock, $.01 par value; 500,000 shares authorized;
Common stock, $.01 par value; 14,500,000 shares authorized; 12,383,872 shares issued and 11,444,841 outstanding as of September 30, 2024 , 12,359,922 shares issued and 11,420,891 outstanding as of June 30, 2024	123,842	123,602
Additional paid-in-capital	128,709,890	128,783,865
Treasury stock (at cost, 939,031 shares as of September 30, 2024  and  June 30, 2024)	(3,920,856)	(3,920,856)
Accumulated deficit	(44,141,518)	(44,212,313)
Other comprehensive loss	(46,049,023)	(45,935,616)
Total NetSol stockholders’ equity	34,722,335	34,838,682
Non-controlling interest	5,017,675	4,694,418
Total stockholders’ equity	39,740,010	39,533,100
Total liabilities and stockholders’ equity	$ 62,799,659	$ 64,186,442

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($)	Sep. 30, 2024	Jun. 30, 2024
Statement of Financial Position [Abstract]
Accounts receivable, allowance	$ 15,533	$ 398,809
Revenues in excess of billings, allowance	$ 460,743	$ 116,148
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	12,383,872	12,359,922
Common stock, shares outstanding	11,444,841	11,420,891
Treasury stock, shares	939,031	939,031

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Net Revenues:
Total net revenues	$ 14,598,498	$ 14,242,181
Cost of revenues	8,034,386	8,080,164
Gross profit	6,564,112	6,162,017
Operating expenses:
Selling, general and administrative	6,964,321	5,432,969
Research and development cost	359,949	378,419
Total operating expenses	7,324,270	5,811,388
Income (loss) from operations	(760,158)	350,629
Other income and (expenses)
Interest expense	(258,219)	(276,017)
Interest income	769,867	414,718
Gain (loss) on foreign currency exchange transactions	542,545	(134,253)
Other income	153,491	57,881
Total other income (expenses)	1,207,684	62,329
Net income before income taxes	447,526	412,958
Income tax provision	(229,817)	(121,895)
Net income	217,709	291,063
Non-controlling interest	(146,914)	(260,173)
Net income attributable to NetSol	$ 70,795	$ 30,890
Net income per share:
Basic	$ 0.006	$ 0.003
Diluted	$ 0.006	$ 0.003
Weighted average number of shares outstanding
Basic	11,429,695	11,345,856
Diluted	11,482,754	11,345,856
License [Member]
Net Revenues:
Total net revenues	$ 1,229	$ 1,280,449
Subscription and Support [Member]
Net Revenues:
Total net revenues	8,192,471	6,512,243
Service [Member]
Net Revenues:
Total net revenues	$ 6,404,798	$ 6,449,489

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Net income	$ 70,795	$ 30,890
Other comprehensive income (loss):
Translation adjustment	(72,183)	(470,049)
Translation adjustment attributable to non-controlling interest	(41,224)	33,503
Net translation adjustment	(113,407)	(436,546)
Comprehensive income (loss) attributable to NetSol	$ (42,612)	$ (405,656)

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock, Common [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Noncontrolling Interest [Member]	Total
Balance at Jun. 30, 2023	$ 122,850	$ 128,476,048	$ (3,920,856)	$ (44,896,186)	$ (45,975,156)	$ 2,975,053	$ 36,781,753
Balance, shares at Jun. 30, 2023	12,284,887
Common stock issued for: Services	$ 270	48,530					48,800
Common stock issued for: Services, shares	26,963
Fair value of subsidiary options issued		11,554					11,554
Foreign currency translation adjustment					(436,546)	(33,503)	(470,049)
Net income (loss) for the year				30,890		260,173	291,063
Balance at Sep. 30, 2023	$ 123,120	128,536,132	(3,920,856)	(44,865,296)	(46,411,702)	3,201,723	36,663,121
Balance, shares at Sep. 30, 2023	12,311,850
Balance at Jun. 30, 2024	$ 123,602	128,783,865	(3,920,856)	(44,212,313)	(45,935,616)	4,694,418	39,533,100
Balance, shares at Jun. 30, 2024	12,359,922
Exercise of common stock options	$ 100	21,400					$ 21,500
Exercise of common stock options, shares	10,000						10,000
Common stock issued for: Services	$ 140	39,610					$ 39,750
Common stock issued for: Services, shares	13,950
Fair value of subsidiary options issued		8,029					8,029
Acquisition of non-controlling interest in subsidiary		(143,014)				135,119	(7,895)
Foreign currency translation adjustment					(113,407)	41,224	(72,183)
Net income (loss) for the year				70,795		146,914	217,709
Balance at Sep. 30, 2024	$ 123,842	$ 128,709,890	$ (3,920,856)	$ (44,141,518)	$ (46,049,023)	$ 5,017,675	$ 39,740,010
Balance, shares at Sep. 30, 2024	12,383,872

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net income	$ 217,709	$ 291,063
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	365,997	530,786
Provision (reversal) for bad debts	336,506	7,880
(Gain) loss on sale of assets		(98)
Stock based compensation	47,779	60,354
Changes in operating assets and liabilities:
Accounts receivable	6,738,384	4,608,881
Revenues in excess of billing	836,403	(1,478,386)
Other current assets	(222,359)	92,686
Accounts payable and accrued expenses	10,546	341,722
Unearned revenue	(2,813,220)	(2,791,269)
Net cash provided by operating activities	5,517,745	1,663,619
Cash flows from investing activities:
Purchases of property and equipment	(100,737)	(371,630)
Sales of property and equipment		1,230
Purchase of subsidiary shares	(7,895)
Net cash used in investing activities	(108,632)	(370,400)
Cash flows from financing activities:
Proceeds from the exercise of stock options	21,500
Proceeds from bank loans	250,000
Payments on finance lease obligations and loans - net	(118,311)	(44,474)
Net cash provided by (used in) financing activities	153,189	(44,474)
Effect of exchange rate changes	(163,511)	(230,322)
Net increase (decrease) in cash and cash equivalents	5,398,791	1,018,423
Cash and cash equivalents at beginning of the period	19,127,165	15,533,254
Cash and cash equivalents at end of period	24,525,956	16,551,677
Cash paid during the period for:
Interest	285,362	315,136
Taxes	$ 264,030	$ 111,782

BASIS OF PRESENTATION AND PRINC

BASIS OF PRESENTATION AND PRINCIPLES OF CONSOLIDATION	3 Months Ended
	Sep. 30, 2024
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, 2024. 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 consolidated financial statements include the accounts of the Company as follows: Wholly owned Subsidiaries NetSol Technologies Americas, Inc. (“NTA”) NetSol Connect (Private), Ltd. (“Connect”) NetSol Technologies Australia Pty Ltd. (“Australia”) NetSol Technologies Europe Limited (“NTE”) NetSol Technologies (Beijing) Co. Ltd. (“NetSol Beijing”) Tianjin NuoJinZhiCheng Co., Ltd (“Tianjin”) Ascent Europe Ltd. (“AEL”) Virtual Lease Services Holdings Limited (“VLSH”) Virtual Lease Services Limited (“VLS”) Virtual Lease Services (Ireland) Limited (“VLSIL”) Majority-owned Subsidiaries NetSol Technologies, Ltd. (“NetSol PK”) NetSol Innovation (Private) Limited (“NetSol Innovation”) NETSOL Ascent Middle East Computer Equipment Trading LLC (“Namecet”) NetSol Technologies Thailand Limited (“NetSol Thai”) Otoz, Inc. (“Otoz®”) Otoz (Thailand) Limited (“Otoz® Thai”) NETSOL TECHNOLOGIES, INC. Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited)

ACCOUNTING POLICIES

ACCOUNTING POLICIES	3 Months Ended
	Sep. 30, 2024
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 except balances maintained in China are insured for RMB 500,000 71,327 85,000 113,333 22,836,207 18,182,002 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. NETSOL TECHNOLOGIES, INC. Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) The Company’s financial assets that were measured at fair value on a recurring basis as of September 30, 2024, were as follows: SCHEDULE OF FAIR VALUE OF FINANCIAL ASSETS MEASURED ON RECURRING BASIS Level 1 Level 2 Level 3 Total Assets Revenues in excess of billings - long term $ - $ - $ 866,388 $ 866,388 Total $ - $ - $ 866,388 $ 866,388 The Company’s financial assets that were measured at fair value on a recurring basis as of June 30, 2024, are as follows: Level 1 Level 2 Level 3 Total Assets Revenues in excess of billings - long term $ - $ - $ 954,029 $ 954,029 Total $ - $ - $ 954,029 $ 954,029 The reconciliation from June 30, 2024 to September 30, 2024 is as follows: SCHEDULE OF FAIR VALUE OF FINANCIAL INSTRUMENTS RECONCILIATION Revenues in excess of billings - long term Fair value discount Total Balance at June 30, 2024 $ 1,106,475 $ (152,446 ) $ 954,029 Amortization during the period - 18,367 18,367 Transfers to short term (206,964 ) - (206,964 ) Effect of Translation Adjustment 100,744 212 100,956 Balance at September 30, 2024 $ 1,000,255 $ (133,867 ) $ 866,388 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 In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures All other newly issued accounting pronouncements not yet effective have been deemed either immaterial or not applicable. NETSOL TECHNOLOGIES, INC. Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited)

REVENUE RECOGNITION

REVENUE RECOGNITION	3 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [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) subscription and support, 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 post contract support and services in addition to the licenses. The Company’s single performance obligation arrangements are typically post contract support 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. 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. NETSOL TECHNOLOGIES, INC. Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 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. Post Contract Support Revenue from support services and product updates, referred to as subscription and support 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 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, most 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. NETSOL TECHNOLOGIES, INC. Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) The Company’s disaggregated revenue by category is as follows: SCHEDULE OF DISAGGREGATED REVENUE BY CATEGORY 2024 2023 For the Three Months Ended September 30, 2024 2023 Core: License $ 1,229 $ 1,280,449 Subscription and support 8,192,471 6,512,243 Services 5,526,635 4,974,554 Total core revenue, net 13,720,335 12,767,246 Non-Core: Services 878,163 1,474,935 Total non-core revenue, net 878,163 1,474,935 Total net revenue $ 14,598,498 $ 14,242,181 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 post contract support 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 recognizes revenue from implementation and customization services using the percentage of estimated “person-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 person-days required to complete implementation and customization services each reporting period. Revenue is recognized over time for the Company’s subscription, post contract support 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. NETSOL TECHNOLOGIES, INC. Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 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 (unearned 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 unearned 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 unearned revenue are as follows: SCHEDULE OF REVENUES IN EXCESS OF BILLINGS AND DEFERRED REVENUE As of As of September 30, 2024 June 30, 2024 Revenues in excess of billings $ 13,609,959 $ 13,638,547 Unearned revenue $ 6,923,112 $ 8,752,153 The Company’s unearned revenue reconciliation is as follows: SCHEDULE OF UNEARNED REVENUE RECONCILIATION Unearned Revenue Balance at June 30, 2024 $ 8,752,153 Invoiced 5,640,585 Revenue Recognized (7,530,607 ) Adjustments 60,981 Balance at September 30, 2024 $ 6,923,112 During the three months ended September 30, 2024, the Company recognized revenue of $ 4,172,244 NETSOL TECHNOLOGIES, INC. Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) Revenue allocated to the 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 $ 27,000,000 19,760,000 Unearned 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 unearned 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. The Company has applied the following practical expedients: ● 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 fulfillment duties and collections efforts. NETSOL TECHNOLOGIES, INC. Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited)

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Sep. 30, 2024
Net income per share:
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: SCHEDULE OF DILUTIVE POTENTIAL COMMON SHARES For the three months ended September 30, 2024 Net Income Shares Per Share Basic income per share: Net income available to common shareholders $ 70,795 11,429,695 $ 0.006 Effect of dilutive securities Stock options - 53,059 - Diluted income per share $ 70,795 11,482,754 $ 0.006 For the three months ended September 30, 2023 Net Income Shares Per Share Basic income per share: Net income available to common shareholders $ 30,890 11,345,856 $ 0.003 Effect of dilutive securities Share grants - - - Diluted income per share $ 30,890 11,345,856 $ 0.003

OTHER COMPREHENSIVE INCOME AND

OTHER COMPREHENSIVE INCOME AND FOREIGN CURRENCY	3 Months Ended
	Sep. 30, 2024
Other Comprehensive Income And Foreign Currency
OTHER COMPREHENSIVE INCOME AND FOREIGN CURRENCY	NOTE 5 – OTHER COMPREHENSIVE INCOME AND FOREIGN CURRENCY The following table represents the functional currencies of the Company and its subsidiaries: SCHEDULE OF FOREIGN CURRENCY TRANSLATION The Company and Subsidiaries Functional Currency NetSol Technologies, Inc. USD NTA USD Otoz USD NTE British Pound AEL British Pound VLSH British Pound VLS British Pound VLSIL Euro NetSol PK Pakistan Rupee Connect Pakistan Rupee NetSol Innovation Pakistan Rupee NetSol Thai Thai Bhat Otoz Thai Thai Bhat Australia Australian Dollar Namecet AED NetSol Beijing Chinese Yuan Tianjin Chinese Yuan NETSOL TECHNOLOGIES, INC. Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) 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 $ 46,049,023 45,935,616 113,407 436,546

MAJOR CUSTOMERS

MAJOR CUSTOMERS	3 Months Ended
	Sep. 30, 2024
Risks and Uncertainties [Abstract]
MAJOR CUSTOMERS	NOTE 6 – MAJOR CUSTOMERS During the three months ended September 30, 2024, revenues from Daimler Financial Services (“DFS”) and BMW Financial (“BMW”) were $ 3,217,541 2,472,701 22.3 17.1 3,687,631 1,058,137 25.9 7.4 Accounts receivable from DFS and BMW at September 30, 2024, were $ 478,783 161,788 538,648 505,875 716,952 542,374 892,109 1,419,997

OTHER CURRENT ASSETS

OTHER CURRENT ASSETS	3 Months Ended
	Sep. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER CURRENT ASSETS	NOTE 7 - OTHER CURRENT ASSETS Other current assets consisted of the following: SCHEDULE OF OTHER CURRENT ASSETS As of As of September 30, 2024 June 30, 2024 Prepaid Expenses $ 1,499,275 $ 1,314,524 Advance Income Tax 378,489 300,368 Employee Advances 161,035 165,264 Security Deposits 207,129 199,633 Other Receivables 463,304 258,880 Other Assets 618,880 362,117 Net Balance $ 3,328,112 $ 2,600,786

REVENUES IN EXCESS OF BILLINGS

REVENUES IN EXCESS OF BILLINGS – LONG TERM	3 Months Ended
	Sep. 30, 2024
Contractors [Abstract]
REVENUES IN EXCESS OF BILLINGS – LONG TERM	NOTE 8 – REVENUES IN EXCESS OF BILLINGS – LONG TERM Revenues in excess of billings, net consisted of the following: SCHEDULE OF REVENUE IN EXCESS OF BILLING As of As of September 30, 2024 June 30, 2024 Revenues in excess of billings - long term $ 1,000,255 $ 1,106,475 Present value discount (133,867 ) (152,446 ) Net Balance $ 866,388 $ 954,029 Pursuant to revenue recognition for contract accounting, the Company has recorded revenues in excess of billings long-term for amounts billable after one year. During the three months ended September 30, 2024 and 2023, the Company accreted $ 18,367 6,155 7.3 17.5 NETSOL TECHNOLOGIES, INC. Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited)

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	3 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	NOTE 9 - PROPERTY AND EQUIPMENT Property and equipment consisted of the following: SCHEDULE OF PROPERTY AND EQUIPMENT As of As of September 30, 2024 June 30, 2024 Office Furniture and Equipment $ 2,460,155 $ 2,352,940 Computer Equipment 8,937,643 8,679,791 Assets Under Capital Leases 161,298 154,718 Building 3,610,337 3,602,819 Land 915,479 913,473 Autos 1,681,785 1,658,961 Improvements 220,748 206,387 Subtotal 17,987,445 17,569,089 Accumulated Depreciation (13,139,576 ) (12,462,247 ) Property and Equipment, Net $ 4,847,869 $ 5,106,842 For the three months ended September 30, 2024 and 2023, depreciation expense totaled $ 365,997 404,745 228,550 266,942 Following is a summary of fixed assets held under finance leases as of September 30, 2024 and June 30, 2024: SCHEDULE OF FIXED ASSETS HELD UNDER CAPITAL LEASES As of As of September 30, 2024 June 30, 2024 Vehicles $ 161,298 $ 154,718 Total 161,298 154,718 Less: Accumulated Depreciation - Net (39,690 ) (25,078 ) Fixed assets held under capital leases, Total $ 121,608 $ 129,640 Finance lease term and discount rate were as follows: SCHEDULE OF FINANCE LEASE TERM As of As of September 30, 2024 June 30, 2024 Weighted average remaining lease term - Finance leases 2.5 2.75 Weighted average discount rate - Finance leases 11.3 % 11.3 % NETSOL TECHNOLOGIES, INC. Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited)

LEASES

LEASES	3 Months Ended
	Sep. 30, 2024
Leases
LEASES	NOTE 10 - LEASES The Company leases certain office space, office equipment and autos with remaining lease terms of one year 10 one year 10 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 reviews the impairment of ROU assets consistent with the approach applied to 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 re-measurement of lease liabilities. The Company’s variable lease payments include payments for finance leases that are adjusted based on a change in the 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: SCHEDULE OF BALANCE SHEET INFORMATION RELATED TO LEASE As of As of September 30, 2024 June 30, 2024 Assets Operating lease assets, net $ 1,216,835 $ 1,328,624 Liabilities Current Operating $ 590,541 $ 608,202 Operating, Current $ 590,541 $ 608,202 Non-current Operating 594,631 688,749 Operating, Non Current 594,631 688,749 Total Lease Liabilities $ 1,185,172 $ 1,296,951 NETSOL TECHNOLOGIES, INC. Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) The components of lease cost were as follows: SCHEDULE OF COMPONENTS OF LEASE COST 2024 2023 For the Three Months Ended September 30, 2024 2023 Amortization of finance lease assets $ 13,877 $ 2,296 Interest on finance lease obligation 3,087 869 Operating lease cost 99,846 107,033 Short term lease cost 49,563 41,008 Sub lease income (8,406 ) (8,406 ) Total lease cost $ 157,967 $ 142,800 Lease term and discount rate were as follows: SCHEDULE OF LEASE TERM AND DISCOUNT RATE As of As of September 30, 2024 June 30, 2024 Weighted average remaining lease term - Operating leases 1.79 1.99 Weighted average discount rate - Operating leases 4.5 % 4.5 % Supplemental disclosures of cash flow information related to leases were as follows: SCHEDULE OF SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION RELATED TO LEASES 2024 2023 For the Three Months Ended September 30, 2024 2023 Operating cash flows related to operating leases $ 91,641 $ 61,696 Operating cash flows related to finance leases $ 3,087 $ 869 Financing cash flows related finance leases $ 5,516 $ 8,078 NETSOL TECHNOLOGIES, INC. Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) Maturities of operating lease liabilities were as follows as of September 30, 2024: SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES Amount Within year 1 $ 641,066 Within year 2 401,625 Within year 3 147,504 Within year 4 85,855 Within year 5 356 Total Lease Payments 1,276,406 Less: Imputed interest (91,234 ) Present Value of lease liabilities 1,185,172 Less: Current portion (590,541 ) Non-Current portion $ 594,631 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 are currently on a month-by-month basis. 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, 2024 and 2023, the Company received lease income of $ 8,406 8,406

ACCOUNTS PAYABLE AND ACCRUED EX

ACCOUNTS PAYABLE AND ACCRUED EXPENSES	3 Months Ended
	Sep. 30, 2024
Payables and Accruals [Abstract]
ACCOUNTS PAYABLE AND ACCRUED EXPENSES	NOTE 11 - ACCOUNTS PAYABLE AND ACCRUED EXPENSES Accounts payable and accrued expenses consisted of the following: SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES As of As of September 30, 2024 June 30, Accounts Payable $ 1,465,153 $ 1,426,930 Accrued Liabilities 4,264,237 4,323,662 Accrued Payroll 1,652,824 1,392,112 Accrued Payroll Taxes 176,993 215,197 Taxes Payable 639,242 634,035 Other Payable 216,341 240,406 Total $ 8,414,790 $ 8,232,342 NETSOL TECHNOLOGIES, INC. Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited)

DEBTS

DEBTS	3 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
DEBTS	NOTE 12 – DEBTS Notes payable and finance leases consisted of the following: SCHEDULE OF COMPONENTS OF NOTES PAYABLE AND CAPITAL LEASES As of September 30, 2024 Current Long-Term Name Total Maturities Maturities D&O Insurance (1) $ 23,706 $ 23,706 $ - Line of Credit (2) 250,000 250,000 - Bank Overdraft Facility (3) - - - Loan Payable Bank - Export Refinance (4) 1,800,504 1,800,504 - Loan Payable Bank - Running Finance (5) - - - Loan Payable Bank - Export Refinance II (6) 1,368,383 1,368,383 - Loan Payable Bank - Export Refinance III (7) 2,520,706 2,520,706 - Sale and Leaseback Financing (8) 44,746 39,789 4,957 Short Term Financing (9) 427,960 427,960 - 6,436,005 6,431,048 4,957 Subsidiary Finance Leases (10) 100,570 12,889 87,681 $ 6,536,575 $ 6,443,937 $ 92,638 As of June 30, 2024 Current Long-Term Name Total Maturities Maturities D&O Insurance (1) $ 124,314 $ 124,314 $ - Line of Credit (2) - - - Bank Overdraft Facility (3) - - - Loan Payable Bank - Export Refinance (4) 1,796,558 1,796,558 - Loan Payable Bank - Running Finance (5) - - - Loan Payable Bank - Export Refinance II (6) 1,365,384 1,365,384 - Loan Payable Bank - Export Refinance III (7) 2,515,181 2,515,181 - Sale and Leaseback Financing (8) 56,842 47,158 9,684 Short Term Financing (9) 412,655 412,655 - 6,270,934 6,261,250 9,684 Subsidiary Finance Leases (10) 100,962 14,875 86,087 $ 6,371,896 $ 6,276,125 $ 95,771 (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 8.6 10.9 (2) The Company has an uncommitted discretionary demand line of credit up to an aggregate amount of $ 1,000,000 8.25 8.75 250,000 nil NETSOL TECHNOLOGIES, INC. Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) (3) The Company’s subsidiary, NTE, has an overdraft facility with HSBC Bank plc whereby the bank would cover any overdrafts up to £ 300,000 400,000 9.5 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 (4) 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 nine months. The total facility amount is Rs. 500,000,000 1,800,504 500,000,000 1,796,558 14.5 17.5 (5) The Company’s subsidiary, NetSol PK, has a running finance facility with Askari Bank Limited, secured by NetSol PK’s assets. The total facility amount is Rs. 53,000,000 193,014 Nil 18.1 22.2 This facility requires NetSol PK to maintain a long-term debt equity ratio of 60:40 and a current ratio of 1:1. As of September 30, 2024,NetSol PK was in compliance with this covenant. (6) 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 nine months. The total facility amount is Rs. 380,000,000 1,368,383 380,000,000 1,365,384 14.5 17.5 During the tenure of the 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, 2024, NetSol PK was in compliance with these covenants. (7) The Company’s subsidiary, NetSol PK, has an export refinance facility with Habib Metro Bank Limited, secured by NetSol PK’s assets. This is a revolving loan that matures every nine months. The total facility amount is Rs. 900,000,000 3,240,907 900,000,000 3,233,804 700,000,000 2,520,706 700,000,000 2,515,181 14.5 17.5 (8) The Company’s subsidiary, NetSol PK, availed sale and leaseback financing from First Habib Modaraba secured by the transfer of the vehicles’ title. As of September 30, 2024, NetSol PK used Rs. 12,425,952 44,746 4,957 39,789 15,819,683 56,842 9,684 47,158 22.7 24.2 (9) The Company’s subsidiary, NetSol Beijing, has a one-year, short-term loan facility with Bank of China, secured by a personal guarantee from NetSol Beijing’s General Manager. The facility amount is CNY 3,000,000 427,960 3,000,000 427,960 3,000,000 412,655 3.8 (10) The Company leases various fixed assets under finance lease arrangements expiring in various years through 2027. 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, 2024 and 2023. NETSOL TECHNOLOGIES, INC. Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) Following are the aggregate minimum future lease payments under finance leases as of September 30, 2024: SCHEDULE OF AGGREGATE MINIMUM FUTURE LEASE PAYMENTS UNDER CAPITAL LEASES Amount Minimum Lease Payments Within year 1 $ 24,938 Within year 2 24,022 Within year 3 80,706 Total Minimum Lease Payments 129,666 Interest Expense relating to future periods (29,096 ) Present Value of minimum lease payments 100,570 Less: Current portion (12,889 ) Non-Current portion $ 87,681 Following are the aggregate future long term debt payments as of September 30, 2024 which consists of “Sale and Leaseback Financing (7)” and “Term Finance Facility (8)”. SCHEDULE OF AGGREGATE FUTURE LONG TERM DEBT PAYMENTS Amount Loan Payments Within year 1 $ 39,789 Within year 2 4,957 Total Loan Payments 44,746 Less: Current portion (39,789 ) Non-Current portion $ 4,957

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	3 Months Ended
	Sep. 30, 2024
Equity [Abstract]
STOCKHOLDERS’ EQUITY	NOTE 13 - STOCKHOLDERS’ EQUITY During the three months ended September 30, 2024, the Company issued 13,950 39,750 Stock Grants The following table summarizes stock grants awarded as compensation: SUMMARY OF UNVESTED STOCK GRANTS AWARDED AS COMPENSATION # Number of shares Weighted Average Grant Date Fair Value ($) Unvested, June 30, 2024 - $ - Granted 13,950 $ 2.85 Vested (13,950 ) $ 2.85 Unvested, September 30, 2024 - $ - For the three months ended September 30, 2024 and 2023, the Company recorded compensation expense of $ 39,750 48,800 NETSOL TECHNOLOGIES, INC. Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited)

INCENTIVE AND NON-STATUTORY STO

INCENTIVE AND NON-STATUTORY STOCK OPTION PLAN	3 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
INCENTIVE AND NON-STATUTORY STOCK OPTION PLAN	NOTE 14 – INCENTIVE AND NON-STATUTORY STOCK OPTION PLAN Common stock purchase options consisted of the following: OPTIONS: SCHEDULE OF COMMON STOCK PURCHASE OPTIONS # of shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (in years) Aggregated Intrinsic Value Outstanding and exercisable, June 30, 2024 250,000 $ 2.15 0.50 Granted - - - - Exercised (10,000 ) 2.15 - - Expired / Cancelled - - - - Outstanding and exercisable, September 30, 2024 240,000 $ 2.15 0.25 $ 168,000 The aggregate intrinsic value at September 30, 2024 represents the difference between the Company’s closing stock price of $ 2.85 The following table summarizes information about stock options outstanding and exercisable at September 30, 2024. SUMMARY OF STOCK OPTIONS OUTSTANDING Exercise Price Number Outstanding and Exercisable Weighted Average Remaining Contractual Life Weighted Average Exercise Price OPTIONS: $2.15 240,000 0.25 $ 2.15 $ 2.15 240,000 0.25 $ 2.15 Totals 240,000 0.25 $ 2.15

OPERATING SEGMENTS

OPERATING SEGMENTS	3 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
OPERATING SEGMENTS	NOTE 15– OPERATING SEGMENTS The Company has identified three NETSOL TECHNOLOGIES, INC. Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) The following table presents a summary of identifiable assets as of September 30, 2024 and June 30, 2024: SUMMARY OF IDENTIFIABLE ASSETS As of As of September 30, 2024 June 30, 2024 Identifiable assets: Corporate headquarters $ 941,042 $ 808,385 North America 6,670,569 6,114,142 Europe 9,028,022 9,410,098 Asia - Pacific 46,160,026 47,853,817 Consolidated $ 62,799,659 $ 64,186,442 Identifiable assets $ 62,799,659 $ 64,186,442 The following table presents a summary of revenue streams by segment for the three months ended September 30, 2024 and 2023: SUMMARY OF REVENUE STREAMS 2024 2023 License fees Subscription and support Services Total License fees Subscription and support Services Total North America $ - $ 1,262,645 $ 1,606,016 $ 2,868,661 $ - $ 1,124,814 $ 283,801 $ 1,408,615 Europe 1,229 892,772 1,601,285 2,495,286 4,316 713,988 1,843,729 2,562,033 Asia-Pacific - 6,037,054 3,197,497 9,234,551 1,276,133 4,673,441 4,321,959 10,271,533 Total $ 1,229 $ 8,192,471 $ 6,404,798 $ 14,598,498 $ 1,280,449 $ 6,512,243 $ 6,449,489 $ 14,242,181 NETSOL TECHNOLOGIES, INC. Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) The following table presents a summary of operating information for the three months ended September 30: SUMMARY OF OPERATING INFORMATION For the Three Months Ended September 30, 2024 2023 Revenues from unaffiliated customers: North America $ 2,868,661 $ 1,408,615 Europe 2,495,286 2,562,033 Asia - Pacific 9,234,551 10,271,533 Revenues from unaffiliated customers 14,598,498 14,242,181 Revenue from affiliated customers Asia - Pacific - - Revenue from affiliated customers - - Consolidated $ 14,598,498 $ 14,242,181 Revenue $ 14,598,498 $ 14,242,181 Intercompany revenue Europe $ 16,558 $ 100,317 Asia - Pacific 3,269,344 2,620,319 Eliminated $ 3,285,902 $ 2,720,636 Revenue $ 3,285,902 $ 2,720,636 Net income (loss) after taxes and before non-controlling interest: Corporate headquarters $ (662,058 ) $ (303,722 ) North America 614,843 (55,947 ) Europe (522,998 ) (91,884 ) Asia - Pacific 787,922 742,616 Consolidated $ 217,709 $ 291,063 Net income (loss) after taxes and before non-controlling interest $ 217,709 $ 291,063 Depreciation and amortization: North America $ 471 $ 491 Europe 59,680 62,901 Asia - Pacific 305,846 467,394 Consolidated $ 365,997 $ 530,786 Depreciation and amortization $ 365,997 $ 530,786 Interest expense: Corporate headquarters $ 9,392 $ 6,121 Europe - 4,642 Asia - Pacific 248,827 265,254 Consolidated $ 258,219 $ 276,017 Interest expense $ 258,219 $ 276,017 Income tax expense: Asia - Pacific $ 229,817 $ 121,895 Consolidated $ 229,817 $ 121,895 Income tax expense $ 229,817 $ 121,895 NETSOL TECHNOLOGIES, INC. Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) The following table presents a summary of capital expenditures for the three months ended September 30: SUMMARY OF CAPITAL EXPENDITURES For the Three Months Ended September 30, 2024 2023 Capital expenditures: North America $ 3,841 $ - Europe 37,494 333,754 Asia - Pacific 59,402 37,876 Consolidated $ 100,737 $ 371,630 Capital expenditures $ 100,737 $ 371,630

NON-CONTROLLING INTEREST IN SUB

NON-CONTROLLING INTEREST IN SUBSIDIARY	3 Months Ended
	Sep. 30, 2024
Noncontrolling Interest [Abstract]
NON-CONTROLLING INTEREST IN SUBSIDIARY	NOTE 16 – 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: SCHEDULE OF BALANCE OF NON-CONTROLLING INTEREST SUBSIDIARY Non-Controlling Interest % Non-Controlling Interest at September 30, 2024 NetSol PK 32.38 % $ 5,498,409 NetSol-Innovation 32.38 % (486,522 ) NAMECET 32.38 % (26,026 ) NetSol Thai 0.006 % (178 ) OTOZ Thai 0.66 % 90,905 OTOZ 0.65 % (58,913 ) Total $ 5,017,675 SUBSIDIARY Non-Controlling Interest % Non-Controlling Interest at June 30, 2024 NetSol PK 32.38 % $ 4,679,101 NetSol-Innovation 32.38 % 137,232 NAMECET 32.38 % (21,014 ) NetSol Thai 0.006 % (163 ) OTOZ Thai 5.60 % (17,483 ) OTOZ 5.59 % (83,255 ) Total $ 4,694,418 In September 2024, the Company’s subsidiary, Otoz®, repurchased 157,895 7,895 5.59 0.65 0.66 NETSOL TECHNOLOGIES, INC. Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) The following schedule discloses the effect to the Company’s equity due to the changes in the Company’s ownership interest in Otoz® and Otoz® Thai. SCHEDULE OF CHANGE IN OWNERSHIP INTEREST For the Three Months Ended September 30, 2024 2023 Net income (loss) attributable to NetSol $ 70,795 $ 30,890 Transfer (to) from non-controlling interest Decrease in paid-in capital for purchase of 157,895 (135,119 ) Net transfer (to) from non-controlling interest (135,119 ) - Change from net income (loss) attributable to NetSol and transfer (to) from non-controlling interest $ (64,324 ) $ 30,890

INCOME TAXES

INCOME TAXES	3 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 17– INCOME TAXES The current tax provision is based on taxable income for the year determined in accordance with the prevailing law for taxation of income. The charge for tax on income is calculated at the current rates of taxation as applicable after considering tax credit and tax rebates available, if any. We are subject to income taxes in the U.S. and numerous foreign jurisdictions. Our effective tax rate will depend on the portion of our profits earned within and outside the United States. During the three months ended September 30, 2024 and 2023, the Company recorded an income tax provision of $ 229,817 121,895

ACCOUNTING POLICIES (Policies)

ACCOUNTING POLICIES (Policies)	3 Months Ended
	Sep. 30, 2024
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 except balances maintained in China are insured for RMB 500,000 71,327 85,000 113,333 22,836,207 18,182,002 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. NETSOL TECHNOLOGIES, INC. Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) The Company’s financial assets that were measured at fair value on a recurring basis as of September 30, 2024, were as follows: SCHEDULE OF FAIR VALUE OF FINANCIAL ASSETS MEASURED ON RECURRING BASIS Level 1 Level 2 Level 3 Total Assets Revenues in excess of billings - long term $ - $ - $ 866,388 $ 866,388 Total $ - $ - $ 866,388 $ 866,388 The Company’s financial assets that were measured at fair value on a recurring basis as of June 30, 2024, are as follows: Level 1 Level 2 Level 3 Total Assets Revenues in excess of billings - long term $ - $ - $ 954,029 $ 954,029 Total $ - $ - $ 954,029 $ 954,029 The reconciliation from June 30, 2024 to September 30, 2024 is as follows: SCHEDULE OF FAIR VALUE OF FINANCIAL INSTRUMENTS RECONCILIATION Revenues in excess of billings - long term Fair value discount Total Balance at June 30, 2024 $ 1,106,475 $ (152,446 ) $ 954,029 Amortization during the period - 18,367 18,367 Transfers to short term (206,964 ) - (206,964 ) Effect of Translation Adjustment 100,744 212 100,956 Balance at September 30, 2024 $ 1,000,255 $ (133,867 ) $ 866,388 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	Recent Accounting Standards In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures All other newly issued accounting pronouncements not yet effective have been deemed either immaterial or not applicable.

ACCOUNTING POLICIES (Tables)

ACCOUNTING POLICIES (Tables)	3 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
SCHEDULE OF FAIR VALUE OF FINANCIAL ASSETS MEASURED ON RECURRING BASIS	The Company’s financial assets that were measured at fair value on a recurring basis as of September 30, 2024, were as follows: SCHEDULE OF FAIR VALUE OF FINANCIAL ASSETS MEASURED ON RECURRING BASIS Level 1 Level 2 Level 3 Total Assets Revenues in excess of billings - long term $ - $ - $ 866,388 $ 866,388 Total $ - $ - $ 866,388 $ 866,388 The Company’s financial assets that were measured at fair value on a recurring basis as of June 30, 2024, are as follows: Level 1 Level 2 Level 3 Total Assets Revenues in excess of billings - long term $ - $ - $ 954,029 $ 954,029 Total $ - $ - $ 954,029 $ 954,029
SCHEDULE OF FAIR VALUE OF FINANCIAL INSTRUMENTS RECONCILIATION	The reconciliation from June 30, 2024 to September 30, 2024 is as follows: SCHEDULE OF FAIR VALUE OF FINANCIAL INSTRUMENTS RECONCILIATION Revenues in excess of billings - long term Fair value discount Total Balance at June 30, 2024 $ 1,106,475 $ (152,446 ) $ 954,029 Amortization during the period - 18,367 18,367 Transfers to short term (206,964 ) - (206,964 ) Effect of Translation Adjustment 100,744 212 100,956 Balance at September 30, 2024 $ 1,000,255 $ (133,867 ) $ 866,388

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	3 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
SCHEDULE OF DISAGGREGATED REVENUE BY CATEGORY	The Company’s disaggregated revenue by category is as follows: SCHEDULE OF DISAGGREGATED REVENUE BY CATEGORY 2024 2023 For the Three Months Ended September 30, 2024 2023 Core: License $ 1,229 $ 1,280,449 Subscription and support 8,192,471 6,512,243 Services 5,526,635 4,974,554 Total core revenue, net 13,720,335 12,767,246 Non-Core: Services 878,163 1,474,935 Total non-core revenue, net 878,163 1,474,935 Total net revenue $ 14,598,498 $ 14,242,181
SCHEDULE OF REVENUES IN EXCESS OF BILLINGS AND DEFERRED REVENUE	The Company’s revenues in excess of billings and unearned revenue are as follows: SCHEDULE OF REVENUES IN EXCESS OF BILLINGS AND DEFERRED REVENUE As of As of September 30, 2024 June 30, 2024 Revenues in excess of billings $ 13,609,959 $ 13,638,547 Unearned revenue $ 6,923,112 $ 8,752,153
SCHEDULE OF UNEARNED REVENUE RECONCILIATION	The Company’s unearned revenue reconciliation is as follows: SCHEDULE OF UNEARNED REVENUE RECONCILIATION Unearned Revenue Balance at June 30, 2024 $ 8,752,153 Invoiced 5,640,585 Revenue Recognized (7,530,607 ) Adjustments 60,981 Balance at September 30, 2024 $ 6,923,112

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Sep. 30, 2024
Net income per share:
SCHEDULE OF DILUTIVE POTENTIAL COMMON SHARES	The components of basic and diluted earnings per share were as follows: SCHEDULE OF DILUTIVE POTENTIAL COMMON SHARES For the three months ended September 30, 2024 Net Income Shares Per Share Basic income per share: Net income available to common shareholders $ 70,795 11,429,695 $ 0.006 Effect of dilutive securities Stock options - 53,059 - Diluted income per share $ 70,795 11,482,754 $ 0.006 For the three months ended September 30, 2023 Net Income Shares Per Share Basic income per share: Net income available to common shareholders $ 30,890 11,345,856 $ 0.003 Effect of dilutive securities Share grants - - - Diluted income per share $ 30,890 11,345,856 $ 0.003

OTHER COMPREHENSIVE INCOME AN_2

OTHER COMPREHENSIVE INCOME AND FOREIGN CURRENCY (Tables)	3 Months Ended
	Sep. 30, 2024
Other Comprehensive Income And Foreign Currency
SCHEDULE OF FOREIGN CURRENCY TRANSLATION	The following table represents the functional currencies of the Company and its subsidiaries: SCHEDULE OF FOREIGN CURRENCY TRANSLATION The Company and Subsidiaries Functional Currency NetSol Technologies, Inc. USD NTA USD Otoz USD NTE British Pound AEL British Pound VLSH British Pound VLS British Pound VLSIL Euro NetSol PK Pakistan Rupee Connect Pakistan Rupee NetSol Innovation Pakistan Rupee NetSol Thai Thai Bhat Otoz Thai Thai Bhat Australia Australian Dollar Namecet AED NetSol Beijing Chinese Yuan Tianjin Chinese Yuan

OTHER CURRENT ASSETS (Tables)

OTHER CURRENT ASSETS (Tables)	3 Months Ended
	Sep. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
SCHEDULE OF OTHER CURRENT ASSETS	Other current assets consisted of the following: SCHEDULE OF OTHER CURRENT ASSETS As of As of September 30, 2024 June 30, 2024 Prepaid Expenses $ 1,499,275 $ 1,314,524 Advance Income Tax 378,489 300,368 Employee Advances 161,035 165,264 Security Deposits 207,129 199,633 Other Receivables 463,304 258,880 Other Assets 618,880 362,117 Net Balance $ 3,328,112 $ 2,600,786

REVENUES IN EXCESS OF BILLING_2

REVENUES IN EXCESS OF BILLINGS – LONG TERM (Tables)	3 Months Ended
	Sep. 30, 2024
Contractors [Abstract]
SCHEDULE OF REVENUE IN EXCESS OF BILLING	Revenues in excess of billings, net consisted of the following: SCHEDULE OF REVENUE IN EXCESS OF BILLING As of As of September 30, 2024 June 30, 2024 Revenues in excess of billings - long term $ 1,000,255 $ 1,106,475 Present value discount (133,867 ) (152,446 ) Net Balance $ 866,388 $ 954,029

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	3 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
SCHEDULE OF PROPERTY AND EQUIPMENT	Property and equipment consisted of the following: SCHEDULE OF PROPERTY AND EQUIPMENT As of As of September 30, 2024 June 30, 2024 Office Furniture and Equipment $ 2,460,155 $ 2,352,940 Computer Equipment 8,937,643 8,679,791 Assets Under Capital Leases 161,298 154,718 Building 3,610,337 3,602,819 Land 915,479 913,473 Autos 1,681,785 1,658,961 Improvements 220,748 206,387 Subtotal 17,987,445 17,569,089 Accumulated Depreciation (13,139,576 ) (12,462,247 ) Property and Equipment, Net $ 4,847,869 $ 5,106,842
SCHEDULE OF FIXED ASSETS HELD UNDER CAPITAL LEASES	Following is a summary of fixed assets held under finance leases as of September 30, 2024 and June 30, 2024: SCHEDULE OF FIXED ASSETS HELD UNDER CAPITAL LEASES As of As of September 30, 2024 June 30, 2024 Vehicles $ 161,298 $ 154,718 Total 161,298 154,718 Less: Accumulated Depreciation - Net (39,690 ) (25,078 ) Fixed assets held under capital leases, Total $ 121,608 $ 129,640
SCHEDULE OF FINANCE LEASE TERM	Finance lease term and discount rate were as follows: SCHEDULE OF FINANCE LEASE TERM As of As of September 30, 2024 June 30, 2024 Weighted average remaining lease term - Finance leases 2.5 2.75 Weighted average discount rate - Finance leases 11.3 % 11.3 %

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Sep. 30, 2024
Leases
SCHEDULE OF BALANCE SHEET INFORMATION RELATED TO LEASE	Supplemental balance sheet information related to leases was as follows: SCHEDULE OF BALANCE SHEET INFORMATION RELATED TO LEASE As of As of September 30, 2024 June 30, 2024 Assets Operating lease assets, net $ 1,216,835 $ 1,328,624 Liabilities Current Operating $ 590,541 $ 608,202 Operating, Current $ 590,541 $ 608,202 Non-current Operating 594,631 688,749 Operating, Non Current 594,631 688,749 Total Lease Liabilities $ 1,185,172 $ 1,296,951
SCHEDULE OF COMPONENTS OF LEASE COST	The components of lease cost were as follows: SCHEDULE OF COMPONENTS OF LEASE COST 2024 2023 For the Three Months Ended September 30, 2024 2023 Amortization of finance lease assets $ 13,877 $ 2,296 Interest on finance lease obligation 3,087 869 Operating lease cost 99,846 107,033 Short term lease cost 49,563 41,008 Sub lease income (8,406 ) (8,406 ) Total lease cost $ 157,967 $ 142,800
SCHEDULE OF LEASE TERM AND DISCOUNT RATE	Lease term and discount rate were as follows: SCHEDULE OF LEASE TERM AND DISCOUNT RATE As of As of September 30, 2024 June 30, 2024 Weighted average remaining lease term - Operating leases 1.79 1.99 Weighted average discount rate - Operating leases 4.5 % 4.5 %
SCHEDULE OF SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION RELATED TO LEASES	Supplemental disclosures of cash flow information related to leases were as follows: SCHEDULE OF SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION RELATED TO LEASES 2024 2023 For the Three Months Ended September 30, 2024 2023 Operating cash flows related to operating leases $ 91,641 $ 61,696 Operating cash flows related to finance leases $ 3,087 $ 869 Financing cash flows related finance leases $ 5,516 $ 8,078
SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES	Maturities of operating lease liabilities were as follows as of September 30, 2024: SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES Amount Within year 1 $ 641,066 Within year 2 401,625 Within year 3 147,504 Within year 4 85,855 Within year 5 356 Total Lease Payments 1,276,406 Less: Imputed interest (91,234 ) Present Value of lease liabilities 1,185,172 Less: Current portion (590,541 ) Non-Current portion $ 594,631

ACCOUNTS PAYABLE AND ACCRUED _2

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)	3 Months Ended
	Sep. 30, 2024
Payables and Accruals [Abstract]
SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES	Accounts payable and accrued expenses consisted of the following: SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES As of As of September 30, 2024 June 30, Accounts Payable $ 1,465,153 $ 1,426,930 Accrued Liabilities 4,264,237 4,323,662 Accrued Payroll 1,652,824 1,392,112 Accrued Payroll Taxes 176,993 215,197 Taxes Payable 639,242 634,035 Other Payable 216,341 240,406 Total $ 8,414,790 $ 8,232,342

DEBTS (Tables)

DEBTS (Tables)	3 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
SCHEDULE OF COMPONENTS OF NOTES PAYABLE AND CAPITAL LEASES	Notes payable and finance leases consisted of the following: SCHEDULE OF COMPONENTS OF NOTES PAYABLE AND CAPITAL LEASES As of September 30, 2024 Current Long-Term Name Total Maturities Maturities D&O Insurance (1) $ 23,706 $ 23,706 $ - Line of Credit (2) 250,000 250,000 - Bank Overdraft Facility (3) - - - Loan Payable Bank - Export Refinance (4) 1,800,504 1,800,504 - Loan Payable Bank - Running Finance (5) - - - Loan Payable Bank - Export Refinance II (6) 1,368,383 1,368,383 - Loan Payable Bank - Export Refinance III (7) 2,520,706 2,520,706 - Sale and Leaseback Financing (8) 44,746 39,789 4,957 Short Term Financing (9) 427,960 427,960 - 6,436,005 6,431,048 4,957 Subsidiary Finance Leases (10) 100,570 12,889 87,681 $ 6,536,575 $ 6,443,937 $ 92,638 As of June 30, 2024 Current Long-Term Name Total Maturities Maturities D&O Insurance (1) $ 124,314 $ 124,314 $ - Line of Credit (2) - - - Bank Overdraft Facility (3) - - - Loan Payable Bank - Export Refinance (4) 1,796,558 1,796,558 - Loan Payable Bank - Running Finance (5) - - - Loan Payable Bank - Export Refinance II (6) 1,365,384 1,365,384 - Loan Payable Bank - Export Refinance III (7) 2,515,181 2,515,181 - Sale and Leaseback Financing (8) 56,842 47,158 9,684 Short Term Financing (9) 412,655 412,655 - 6,270,934 6,261,250 9,684 Subsidiary Finance Leases (10) 100,962 14,875 86,087 $ 6,371,896 $ 6,276,125 $ 95,771 (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 8.6 10.9 (2) The Company has an uncommitted discretionary demand line of credit up to an aggregate amount of $ 1,000,000 8.25 8.75 250,000 nil NETSOL TECHNOLOGIES, INC. Notes to Condensed Consolidated Financial Statements September 30, 2024 (Unaudited) (3) The Company’s subsidiary, NTE, has an overdraft facility with HSBC Bank plc whereby the bank would cover any overdrafts up to £ 300,000 400,000 9.5 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 (4) 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 nine months. The total facility amount is Rs. 500,000,000 1,800,504 500,000,000 1,796,558 14.5 17.5 (5) The Company’s subsidiary, NetSol PK, has a running finance facility with Askari Bank Limited, secured by NetSol PK’s assets. The total facility amount is Rs. 53,000,000 193,014 Nil 18.1 22.2 This facility requires NetSol PK to maintain a long-term debt equity ratio of 60:40 and a current ratio of 1:1. As of September 30, 2024,NetSol PK was in compliance with this covenant. (6) 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 nine months. The total facility amount is Rs. 380,000,000 1,368,383 380,000,000 1,365,384 14.5 17.5 During the tenure of the 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, 2024, NetSol PK was in compliance with these covenants. (7) The Company’s subsidiary, NetSol PK, has an export refinance facility with Habib Metro Bank Limited, secured by NetSol PK’s assets. This is a revolving loan that matures every nine months. The total facility amount is Rs. 900,000,000 3,240,907 900,000,000 3,233,804 700,000,000 2,520,706 700,000,000 2,515,181 14.5 17.5 (8) The Company’s subsidiary, NetSol PK, availed sale and leaseback financing from First Habib Modaraba secured by the transfer of the vehicles’ title. As of September 30, 2024, NetSol PK used Rs. 12,425,952 44,746 4,957 39,789 15,819,683 56,842 9,684 47,158 22.7 24.2 (9) The Company’s subsidiary, NetSol Beijing, has a one-year, short-term loan facility with Bank of China, secured by a personal guarantee from NetSol Beijing’s General Manager. The facility amount is CNY 3,000,000 427,960 3,000,000 427,960 3,000,000 412,655 3.8 (10) The Company leases various fixed assets under finance lease arrangements expiring in various years through 2027. 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, 2024 and 2023.
SCHEDULE OF AGGREGATE MINIMUM FUTURE LEASE PAYMENTS UNDER CAPITAL LEASES	Following are the aggregate minimum future lease payments under finance leases as of September 30, 2024: SCHEDULE OF AGGREGATE MINIMUM FUTURE LEASE PAYMENTS UNDER CAPITAL LEASES Amount Minimum Lease Payments Within year 1 $ 24,938 Within year 2 24,022 Within year 3 80,706 Total Minimum Lease Payments 129,666 Interest Expense relating to future periods (29,096 ) Present Value of minimum lease payments 100,570 Less: Current portion (12,889 ) Non-Current portion $ 87,681
SCHEDULE OF AGGREGATE FUTURE LONG TERM DEBT PAYMENTS	Following are the aggregate future long term debt payments as of September 30, 2024 which consists of “Sale and Leaseback Financing (7)” and “Term Finance Facility (8)”. SCHEDULE OF AGGREGATE FUTURE LONG TERM DEBT PAYMENTS Amount Loan Payments Within year 1 $ 39,789 Within year 2 4,957 Total Loan Payments 44,746 Less: Current portion (39,789 ) Non-Current portion $ 4,957

STOCKHOLDERS_ EQUITY (Tables)

STOCKHOLDERS’ EQUITY (Tables)	3 Months Ended
	Sep. 30, 2024
Equity [Abstract]
SUMMARY OF UNVESTED STOCK GRANTS AWARDED AS COMPENSATION	The following table summarizes stock grants awarded as compensation: SUMMARY OF UNVESTED STOCK GRANTS AWARDED AS COMPENSATION # Number of shares Weighted Average Grant Date Fair Value ($) Unvested, June 30, 2024 - $ - Granted 13,950 $ 2.85 Vested (13,950 ) $ 2.85 Unvested, September 30, 2024 - $ -

INCENTIVE AND NON-STATUTORY S_2

INCENTIVE AND NON-STATUTORY STOCK OPTION PLAN (Tables)	3 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
SCHEDULE OF COMMON STOCK PURCHASE OPTIONS	SCHEDULE OF COMMON STOCK PURCHASE OPTIONS # of shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (in years) Aggregated Intrinsic Value Outstanding and exercisable, June 30, 2024 250,000 $ 2.15 0.50 Granted - - - - Exercised (10,000 ) 2.15 - - Expired / Cancelled - - - - Outstanding and exercisable, September 30, 2024 240,000 $ 2.15 0.25 $ 168,000
SUMMARY OF STOCK OPTIONS OUTSTANDING	The following table summarizes information about stock options outstanding and exercisable at September 30, 2024. SUMMARY OF STOCK OPTIONS OUTSTANDING Exercise Price Number Outstanding and Exercisable Weighted Average Remaining Contractual Life Weighted Average Exercise Price OPTIONS: $2.15 240,000 0.25 $ 2.15 $ 2.15 240,000 0.25 $ 2.15 Totals 240,000 0.25 $ 2.15

OPERATING SEGMENTS (Tables)

OPERATING SEGMENTS (Tables)	3 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
SUMMARY OF IDENTIFIABLE ASSETS	The following table presents a summary of identifiable assets as of September 30, 2024 and June 30, 2024: SUMMARY OF IDENTIFIABLE ASSETS As of As of September 30, 2024 June 30, 2024 Identifiable assets: Corporate headquarters $ 941,042 $ 808,385 North America 6,670,569 6,114,142 Europe 9,028,022 9,410,098 Asia - Pacific 46,160,026 47,853,817 Consolidated $ 62,799,659 $ 64,186,442 Identifiable assets $ 62,799,659 $ 64,186,442
SUMMARY OF REVENUE STREAMS	The following table presents a summary of revenue streams by segment for the three months ended September 30, 2024 and 2023: SUMMARY OF REVENUE STREAMS 2024 2023 License fees Subscription and support Services Total License fees Subscription and support Services Total North America $ - $ 1,262,645 $ 1,606,016 $ 2,868,661 $ - $ 1,124,814 $ 283,801 $ 1,408,615 Europe 1,229 892,772 1,601,285 2,495,286 4,316 713,988 1,843,729 2,562,033 Asia-Pacific - 6,037,054 3,197,497 9,234,551 1,276,133 4,673,441 4,321,959 10,271,533 Total $ 1,229 $ 8,192,471 $ 6,404,798 $ 14,598,498 $ 1,280,449 $ 6,512,243 $ 6,449,489 $ 14,242,181
SUMMARY OF OPERATING INFORMATION	The following table presents a summary of operating information for the three months ended September 30: SUMMARY OF OPERATING INFORMATION For the Three Months Ended September 30, 2024 2023 Revenues from unaffiliated customers: North America $ 2,868,661 $ 1,408,615 Europe 2,495,286 2,562,033 Asia - Pacific 9,234,551 10,271,533 Revenues from unaffiliated customers 14,598,498 14,242,181 Revenue from affiliated customers Asia - Pacific - - Revenue from affiliated customers - - Consolidated $ 14,598,498 $ 14,242,181 Revenue $ 14,598,498 $ 14,242,181 Intercompany revenue Europe $ 16,558 $ 100,317 Asia - Pacific 3,269,344 2,620,319 Eliminated $ 3,285,902 $ 2,720,636 Revenue $ 3,285,902 $ 2,720,636 Net income (loss) after taxes and before non-controlling interest: Corporate headquarters $ (662,058 ) $ (303,722 ) North America 614,843 (55,947 ) Europe (522,998 ) (91,884 ) Asia - Pacific 787,922 742,616 Consolidated $ 217,709 $ 291,063 Net income (loss) after taxes and before non-controlling interest $ 217,709 $ 291,063 Depreciation and amortization: North America $ 471 $ 491 Europe 59,680 62,901 Asia - Pacific 305,846 467,394 Consolidated $ 365,997 $ 530,786 Depreciation and amortization $ 365,997 $ 530,786 Interest expense: Corporate headquarters $ 9,392 $ 6,121 Europe - 4,642 Asia - Pacific 248,827 265,254 Consolidated $ 258,219 $ 276,017 Interest expense $ 258,219 $ 276,017 Income tax expense: Asia - Pacific $ 229,817 $ 121,895 Consolidated $ 229,817 $ 121,895 Income tax expense $ 229,817 $ 121,895
SUMMARY OF CAPITAL EXPENDITURES	The following table presents a summary of capital expenditures for the three months ended September 30: SUMMARY OF CAPITAL EXPENDITURES For the Three Months Ended September 30, 2024 2023 Capital expenditures: North America $ 3,841 $ - Europe 37,494 333,754 Asia - Pacific 59,402 37,876 Consolidated $ 100,737 $ 371,630 Capital expenditures $ 100,737 $ 371,630

NON-CONTROLLING INTEREST IN S_2

NON-CONTROLLING INTEREST IN SUBSIDIARY (Tables)	3 Months Ended
	Sep. 30, 2024
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: SCHEDULE OF BALANCE OF NON-CONTROLLING INTEREST SUBSIDIARY Non-Controlling Interest % Non-Controlling Interest at September 30, 2024 NetSol PK 32.38 % $ 5,498,409 NetSol-Innovation 32.38 % (486,522 ) NAMECET 32.38 % (26,026 ) NetSol Thai 0.006 % (178 ) OTOZ Thai 0.66 % 90,905 OTOZ 0.65 % (58,913 ) Total $ 5,017,675 SUBSIDIARY Non-Controlling Interest % Non-Controlling Interest at June 30, 2024 NetSol PK 32.38 % $ 4,679,101 NetSol-Innovation 32.38 % 137,232 NAMECET 32.38 % (21,014 ) NetSol Thai 0.006 % (163 ) OTOZ Thai 5.60 % (17,483 ) OTOZ 5.59 % (83,255 ) Total $ 4,694,418
SCHEDULE OF CHANGE IN OWNERSHIP INTEREST	The following schedule discloses the effect to the Company’s equity due to the changes in the Company’s ownership interest in Otoz® and Otoz® Thai. SCHEDULE OF CHANGE IN OWNERSHIP INTEREST For the Three Months Ended September 30, 2024 2023 Net income (loss) attributable to NetSol $ 70,795 $ 30,890 Transfer (to) from non-controlling interest Decrease in paid-in capital for purchase of 157,895 (135,119 ) Net transfer (to) from non-controlling interest (135,119 ) - Change from net income (loss) attributable to NetSol and transfer (to) from non-controlling interest $ (64,324 ) $ 30,890

SCHEDULE OF FAIR VALUE OF FINAN

SCHEDULE OF FAIR VALUE OF FINANCIAL ASSETS MEASURED ON RECURRING BASIS (Details) - USD ($)	Sep. 30, 2024	Jun. 30, 2024
Platform Operator, Crypto Asset [Line Items]
Revenues in excess of billings - long term	$ 866,388	$ 954,029
Total	866,388	954,029
Fair Value, Inputs, Level 1 [Member]
Platform Operator, Crypto Asset [Line Items]
Revenues in excess of billings - long term
Total
Fair Value, Inputs, Level 2 [Member]
Platform Operator, Crypto Asset [Line Items]
Revenues in excess of billings - long term
Total
Fair Value, Inputs, Level 3 [Member]
Platform Operator, Crypto Asset [Line Items]
Revenues in excess of billings - long term	866,388	954,029
Total	$ 866,388	$ 954,029

SCHEDULE OF FAIR VALUE OF FIN_2

SCHEDULE OF FAIR VALUE OF FINANCIAL INSTRUMENTS RECONCILIATION (Details)	3 Months Ended
	Sep. 30, 2024 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	$ 954,029
Amortization during the period	18,367
Transfers to short term	(206,964)
Effect of Translation Adjustment	100,956
Ending balance	866,388
Revenues in Excess of Billings - Long Term [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	1,106,475
Amortization during the period
Transfers to short term	(206,964)
Effect of Translation Adjustment	100,744
Ending balance	1,000,255
Fair Value Discount [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	(152,446)
Amortization during the period	18,367
Transfers to short term
Effect of Translation Adjustment	212
Ending balance	$ (133,867)

ACCOUNTING POLICIES (Details Na

ACCOUNTING POLICIES (Details Narrative)	Sep. 30, 2024 USD ($)	Sep. 30, 2024 CNY (¥)	Sep. 30, 2024 GBP (£)	Jun. 30, 2024 USD ($)
Uninsured deposits related to cash deposits	$ 22,836,207			$ 18,182,002
CHINA
Uninsured deposits related to cash deposits	71,327	¥ 500,000
UNITED KINGDOM
Uninsured deposits related to cash deposits	$ 113,333		£ 85,000

SCHEDULE OF DISAGGREGATED REVEN

SCHEDULE OF DISAGGREGATED REVENUE BY CATEGORY (Details) - USD ($)	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Total net revenue	$ 14,598,498	$ 14,242,181
License [Member]
Disaggregation of Revenue [Line Items]
Total net revenue	1,229	1,280,449
Subscription and Support [Member]
Disaggregation of Revenue [Line Items]
Total net revenue	8,192,471	6,512,243
Service [Member]
Disaggregation of Revenue [Line Items]
Total net revenue	6,404,798	6,449,489
Core Revenue [Member]
Disaggregation of Revenue [Line Items]
Total net revenue	13,720,335	12,767,246
Core Revenue [Member] | License [Member]
Disaggregation of Revenue [Line Items]
Total net revenue	1,229	1,280,449
Core Revenue [Member] | Subscription and Support [Member]
Disaggregation of Revenue [Line Items]
Total net revenue	8,192,471	6,512,243
Core Revenue [Member] | Service [Member]
Disaggregation of Revenue [Line Items]
Total net revenue	5,526,635	4,974,554
Non-Core Revenue [Member]
Disaggregation of Revenue [Line Items]
Total net revenue	878,163	1,474,935
Non-Core Revenue [Member] | Service [Member]
Disaggregation of Revenue [Line Items]
Total net revenue	$ 878,163	$ 1,474,935

SCHEDULE OF REVENUES IN EXCESS

SCHEDULE OF REVENUES IN EXCESS OF BILLINGS AND DEFERRED REVENUE (Details) - USD ($)	Sep. 30, 2024	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenues in excess of billings	$ 13,609,959	$ 13,638,547
Unearned revenue	$ 6,923,112	$ 8,752,153

SCHEDULE OF UNEARNED REVENUE RE

SCHEDULE OF UNEARNED REVENUE RECONCILIATION (Details)	3 Months Ended
	Sep. 30, 2024 USD ($)
Revenue from Contract with Customer [Abstract]
Beginning balance	$ 8,752,153
Invoiced	5,640,585
Revenue Recognized	(7,530,607)
Adjustments	60,981
Ending balance	$ 6,923,112

REVENUE RECOGNITION (Details Na

REVENUE RECOGNITION (Details Narrative)	3 Months Ended
	Sep. 30, 2024 USD ($)
Revenue from Contract with Customer [Abstract]
Company recognized revenue	$ 4,172,244
Unsatisfied performance obligation	27,000,000
Revenue remaining performance obligation	$ 19,760,000

SCHEDULE OF DILUTIVE POTENTIAL

SCHEDULE OF DILUTIVE POTENTIAL COMMON SHARES (Details) - USD ($)	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Net income per share:
Net income (loss) available to common shareholders, Basic Net Income	$ 70,795	$ 30,890
Net income (loss) available to common shareholders, Basic Shares	11,429,695	11,345,856
Net income (loss) available to common shareholders, Basic Per Share	$ 0.006	$ 0.003
Stock options, Shares	53,059
Net income (loss) available to common shareholders, Diluted Net Income	$ 70,795	$ 30,890
Net income (loss) available to common shareholders, Diluted Shares	11,482,754	11,345,856
Net income (loss) available to common shareholders, Diluted Per Share	$ 0.006	$ 0.003
Share grants, Shares

SCHEDULE OF FOREIGN CURRENCY TR

SCHEDULE OF FOREIGN CURRENCY TRANSLATION (Details)	3 Months Ended
	Sep. 30, 2024
AUSTRALIA
Foreign currency translation	Australian Dollar
NTA [Member]
Foreign currency translation	USD
Otoz [Member]
Foreign currency translation	USD
NTE [Member]
Foreign currency translation	British Pound
AEL [Member]
Foreign currency translation	British Pound
VLSH [Member]
Foreign currency translation	British Pound
VLS [Member]
Foreign currency translation	British Pound
VLSIL [Member]
Foreign currency translation	Euro
NetSol PK [Member]
Foreign currency translation	Pakistan Rupee
Connect [Member]
Foreign currency translation	Pakistan Rupee
NetSol Innovation [Member]
Foreign currency translation	Pakistan Rupee
NetSol Thai [Member]
Foreign currency translation	Thai Bhat
Otoz Thai [Member]
Foreign currency translation	Thai Bhat
Namecet [Member]
Foreign currency translation	AED
NetSol Beijing [Member]
Foreign currency translation	Chinese Yuan
Tianjin [Member]
Foreign currency translation	Chinese Yuan
Parent Company [Member]
Foreign currency translation	USD

OTHER COMPREHENSIVE INCOME AN_3

OTHER COMPREHENSIVE INCOME AND FOREIGN CURRENCY (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024
Other Comprehensive Income And Foreign Currency
Accumulated other comprehensive loss	$ 46,049,023		$ 45,935,616
Net translation adjustment	$ (113,407)	$ (436,546)

MAJOR CUSTOMERS (Details Narrat

MAJOR CUSTOMERS (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024
Concentration Risk [Line Items]
Revenue	$ 14,598,498	$ 14,242,181
Revenues in excess of billings	12,743,571		$ 12,684,518
Daimler Financial Services [Member]
Concentration Risk [Line Items]
Revenues in excess of billings	716,952		892,109
BMW Financial [Member]
Concentration Risk [Line Items]
Revenues in excess of billings	$ 542,374		1,419,997
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Daimler Financial Services [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	22.30%	25.90%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | BMW Financial [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	17.10%	7.40%
Accounts Receivable [Member] | Daimler Financial Services [Member]
Concentration Risk [Line Items]
Accounts receivable, gross	$ 478,783		538,648
Accounts Receivable [Member] | BMW Financial [Member]
Concentration Risk [Line Items]
Accounts receivable, gross	161,788		$ 505,875
Daimler Financial Services [Member]
Concentration Risk [Line Items]
Revenue	3,217,541	$ 3,687,631
BMW Financial [Member]
Concentration Risk [Line Items]
Revenue	$ 2,472,701	$ 1,058,137

SCHEDULE OF OTHER CURRENT ASSET

SCHEDULE OF OTHER CURRENT ASSETS (Details) - USD ($)	Sep. 30, 2024	Jun. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses	$ 1,499,275	$ 1,314,524
Advance Income Tax	378,489	300,368
Employee Advances	161,035	165,264
Security Deposits	207,129	199,633
Other Receivables	463,304	258,880
Other Assets	618,880	362,117
Net Balance	$ 3,328,112	$ 2,600,786

SCHEDULE OF REVENUE IN EXCESS O

SCHEDULE OF REVENUE IN EXCESS OF BILLING (Details) - USD ($)	Sep. 30, 2024	Jun. 30, 2024
Contractors [Abstract]
Revenues in excess of billings - long term	$ 1,000,255	$ 1,106,475
Present value discount	(133,867)	(152,446)
Net Balance	$ 866,388	$ 954,029

REVENUES IN EXCESS OF BILLING_3

REVENUES IN EXCESS OF BILLINGS – LONG TERM (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024
Construction Contractor, Receivable, after Year One, Interest Rate [Line Items]
Interest income	$ 18,367	$ 6,155
Minimum [Member]
Construction Contractor, Receivable, after Year One, Interest Rate [Line Items]
Interest rate discount	7.30%
Maximum [Member]
Construction Contractor, Receivable, after Year One, Interest Rate [Line Items]
Interest rate discount			17.50%

SCHEDULE OF PROPERTY AND EQUIPM

SCHEDULE OF PROPERTY AND EQUIPMENT (Details) - USD ($)	Sep. 30, 2024	Jun. 30, 2024
Property, Plant and Equipment [Line Items]
Subtotal	$ 17,987,445	$ 17,569,089
Accumulated Depreciation	(13,139,576)	(12,462,247)
Property and Equipment, Net	4,847,869	5,106,842
Office Furniture and Equipment [Member]
Property, Plant and Equipment [Line Items]
Subtotal	2,460,155	2,352,940
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Subtotal	8,937,643	8,679,791
Assets Held under Capital Leases [Member]
Property, Plant and Equipment [Line Items]
Subtotal	161,298	154,718
Building [Member]
Property, Plant and Equipment [Line Items]
Subtotal	3,610,337	3,602,819
Land [Member]
Property, Plant and Equipment [Line Items]
Subtotal	915,479	913,473
Automobiles [Member]
Property, Plant and Equipment [Line Items]
Subtotal	1,681,785	1,658,961
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Subtotal	$ 220,748	$ 206,387

SCHEDULE OF FIXED ASSETS HELD U

SCHEDULE OF FIXED ASSETS HELD UNDER CAPITAL LEASES (Details) - USD ($)	Sep. 30, 2024	Jun. 30, 2024
Property, Plant and Equipment [Line Items]
Total	$ 161,298	$ 154,718
Less: Accumulated Depreciation - Net	(39,690)	(25,078)
Fixed assets held under capital leases, Total	121,608	129,640
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Total	$ 161,298	$ 154,718

SCHEDULE OF FINANCE LEASE TERM

SCHEDULE OF FINANCE LEASE TERM (Details)	Sep. 30, 2024	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Weighted average remaining lease term - Finance leases	2 years 6 months	2 years 9 months
Weighted average discount rate - Finance leases	11.30%	11.30%

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 365,997	$ 404,745
Depreciation reflected in cost of revenues	$ 228,550	$ 266,942

SCHEDULE OF BALANCE SHEET INFOR

SCHEDULE OF BALANCE SHEET INFORMATION RELATED TO LEASE (Details) - USD ($)	Sep. 30, 2024	Jun. 30, 2024
Leases
Operating lease assets, net	$ 1,216,835	$ 1,328,624
Operating, Current	590,541	608,202
Operating, Non Current	594,631	688,749
Total Lease Liabilities	$ 1,185,172	$ 1,296,951

SCHEDULE OF COMPONENTS OF LEASE

SCHEDULE OF COMPONENTS OF LEASE COST (Details) - USD ($)	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Leases
Amortization of finance lease assets	$ 13,877	$ 2,296
Interest on finance lease obligation	3,087	869
Operating lease cost	99,846	107,033
Short term lease cost	49,563	41,008
Sub lease income	(8,406)	(8,406)
Total lease cost	$ 157,967	$ 142,800

SCHEDULE OF LEASE TERM AND DISC

SCHEDULE OF LEASE TERM AND DISCOUNT RATE (Details)	Sep. 30, 2024	Jun. 30, 2024
Leases
Weighted average remaining lease term - Operating leases	1 year 9 months 14 days	1 year 11 months 26 days
Weighted average discount rate - Operating leases	4.50%	4.50%

SCHEDULE OF SUPPLEMENTAL DISCLO

SCHEDULE OF SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION RELATED TO LEASES (Details) - USD ($)	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Leases
Operating cash flows related to operating leases	$ 91,641	$ 61,696
Operating cash flows related to finance leases	3,087	869
Financing cash flows related finance leases	$ 5,516	$ 8,078

SCHEDULE OF MATURITIES OF OPERA

SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES (Details) - USD ($)	Sep. 30, 2024	Jun. 30, 2024
Leases
Within year 1	$ 641,066
Within year 2	401,625
Within year 3	147,504
Within year 4	85,855
Within year 5	356
Total Lease Payments	1,276,406
Less: Imputed interest	(91,234)
Present Value of lease liabilities	1,185,172	$ 1,296,951
Less:  Current portion	(590,541)	(608,202)
Non-Current portion	$ 594,631	$ 688,749

LEASES (Details Narrative)

LEASES (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Lease Agreement [Member]
Operating lease income	$ 8,406	$ 8,406
Minimum [Member]
Finance lease term	1 year
Operating lease term	1 year
Maximum [Member]
Finance lease term	10 years
Operating lease term	10 years

SCHEDULE OF ACCOUNTS PAYABLE AN

SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - USD ($)	Sep. 30, 2024	Jun. 30, 2024
Payables and Accruals [Abstract]
Accounts Payable	$ 1,465,153	$ 1,426,930
Accrued Liabilities	4,264,237	4,323,662
Accrued Payroll	1,652,824	1,392,112
Accrued Payroll Taxes	176,993	215,197
Taxes Payable	639,242	634,035
Other Payable	216,341	240,406
Total	$ 8,414,790	$ 8,232,342

SCHEDULE OF COMPONENTS OF NOTES

SCHEDULE OF COMPONENTS OF NOTES PAYABLE AND CAPITAL LEASES (Details) - USD ($)		Sep. 30, 2024	Jun. 30, 2024
Debt Instrument [Line Items]
Total		$ 6,436,005	$ 6,270,934
Current Maturities		6,431,048	6,261,250
Long-Term Maturities		4,957	9,684
Subsidiary Finance Leases, Total	[1]	100,570	100,962
Subsidiary Finance Leases, Current Maturities	[1]	12,889	14,875
Subsidiary Finance Leases, Long-Term Maturities	[1]	87,681	86,087
Total		6,536,575	6,371,896
Current Maturities		6,443,937	6,276,125
Long-Term Maturities		92,638	95,771
D&O Insurance [Member]
Debt Instrument [Line Items]
Total	[2]	23,706	124,314
Current Maturities	[2]	23,706	124,314
Long-Term Maturities	[2]
Line of Credit [Member]
Debt Instrument [Line Items]
Total	[3]	250,000
Current Maturities	[3]	250,000
Long-Term Maturities	[3]
Bank Overdraft Facility [Member]
Debt Instrument [Line Items]
Total	[4]
Current Maturities	[4]
Long-Term Maturities	[4]
Loan Payable Bank - Export Refinance [Member]
Debt Instrument [Line Items]
Total	[5]	1,800,504	1,796,558
Current Maturities	[5]	1,800,504	1,796,558
Long-Term Maturities	[5]
Loan Payable Bank - Running Finance [Member]
Debt Instrument [Line Items]
Total	[6]
Current Maturities	[6]
Long-Term Maturities	[6]
Loan Payable Bank - Export Refinance II [Member]
Debt Instrument [Line Items]
Total	[7]	1,368,383	1,365,384
Current Maturities	[7]	1,368,383	1,365,384
Long-Term Maturities	[7]
Loan Payable Bank - Export Refinance III [Member]
Debt Instrument [Line Items]
Total	[8]	2,520,706	2,515,181
Current Maturities	[8]	2,520,706	2,515,181
Long-Term Maturities	[8]
Sale and Leaseback Financing [Member]
Debt Instrument [Line Items]
Total	[9]	44,746	56,842
Current Maturities	[9]	39,789	47,158
Long-Term Maturities	[9]	4,957	9,684
Short Term Financing [Member]
Debt Instrument [Line Items]
Total	[10]	427,960	412,655
Current Maturities	[10]	427,960	412,655
Long-Term Maturities	[10]
[1]The Company leases various fixed assets under finance lease arrangements expiring in various years through 2027. 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, 2024 and 2023.[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 8.6 10.9 1,000,000 8.25 8.75 250,000 nil 300,000 400,000 9.5 Nil 500,000,000 1,800,504 500,000,000 1,796,558 14.5 17.5 53,000,000 193,014 Nil 18.1 22.2 380,000,000 1,368,383 380,000,000 1,365,384 14.5 17.5 900,000,000 3,240,907 900,000,000 3,233,804 700,000,000 2,520,706 700,000,000 2,515,181 14.5 17.5 12,425,952 44,746 4,957 39,789 15,819,683 56,842 9,684 47,158 22.7 24.2 3,000,000 427,960 3,000,000 427,960 3,000,000 412,655 3.8

SCHEDULE OF COMPONENTS OF NOT_2

SCHEDULE OF COMPONENTS OF NOTES PAYABLE AND CAPITAL LEASES (Details) (Parenthetical)	3 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2024 CNY (¥)	Sep. 30, 2024 INR (₨)	Sep. 30, 2024 GBP (£)	Jun. 30, 2024 USD ($)	Jun. 30, 2024 CNY (¥)	Jun. 30, 2024 INR (₨)	Jun. 30, 2024 GBP (£)
Short Term Financing [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 427,960	¥ 3,000,000
NetSol Beijing [Member] | Short Term Financing [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 427,960	¥ 3,000,000			$ 412,655	¥ 3,000,000
Debt instrument, interest rate	3.80%	3.80%	3.80%	3.80%	3.80%	3.80%	3.80%	3.80%
HSBC Bank [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 1,000,000
Debt instrument, interest rate	8.25%	8.25%	8.25%	8.25%	8.75%	8.75%	8.75%	8.75%
Line of credit	$ 250,000
HSBC Bank [Member] | NTE [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 400,000			£ 300,000
Debt instrument, interest rate	9.50%	9.50%	9.50%	9.50%	9.50%	9.50%	9.50%	9.50%
Line of credit | £
Commitment fee percentage	200%
Askari Bank Limited [Member] | NetSol PK [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 1,800,504		₨ 500,000,000		$ 1,796,558		₨ 500,000,000
Debt instrument, interest rate	14.50%	14.50%	14.50%	14.50%	17.50%	17.50%	17.50%	17.50%
Askari Bank Limited [Member] | NetSol PK [Member] | Running Finance Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 193,014		₨ 53,000,000
Debt instrument, interest rate	18.10%	18.10%	18.10%	18.10%	22.20%	22.20%	22.20%	22.20%
Line of credit | ₨
Debt instrument, covenant description	This facility requires NetSol PK to maintain a long-term debt equity ratio of 60:40 and a current ratio of 1:1. As of September 30, 2024,NetSol PK was in compliance with this covenant.
Samba Bank Limited [Member] | NetSol PK [Member] | Refinance Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 1,368,383		₨ 380,000,000		$ 1,365,384		₨ 380,000,000
Debt instrument, interest rate	14.50%	14.50%	14.50%	14.50%	17.50%	17.50%	17.50%	17.50%
Debt instrument, covenant description	During the tenure of the 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, 2024, NetSol PK was in compliance with these covenants.
Habib Metro Bank Limited [Member] | Refinance Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 3,240,907		₨ 900,000,000		$ 3,233,804		₨ 900,000,000
Habib Metro Bank Limited [Member] | NetSol PK [Member] | Refinance Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 2,520,706		₨ 700,000,000		$ 2,515,181		₨ 700,000,000
Debt instrument, interest rate	14.50%	14.50%	14.50%	14.50%	17.50%	17.50%	17.50%	17.50%
Habib Metro Bank Limited [Member] | NetSol PK [Member] | Sale and Leaseback Financing [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 44,746		₨ 12,425,952		$ 56,842		₨ 15,819,683
Line of credit, long term	4,957				9,684
Line of credit facility current	$ 39,789				$ 47,158
Minimum [Member] | Habib Metro Bank Limited [Member] | NetSol PK [Member] | Sale and Leaseback Financing [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate	22.70%	22.70%	22.70%	22.70%	22.70%	22.70%	22.70%	22.70%
Maximum [Member] | Habib Metro Bank Limited [Member] | NetSol PK [Member] | Sale and Leaseback Financing [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate	24.20%	24.20%	24.20%	24.20%	24.20%	24.20%	24.20%	24.20%
Directors and Officers and Error and Omissions Liability Insurance [Member] | Minimum [Member]
Debt Instrument [Line Items]
Line of credit facility interest rate	8.60%	8.60%	8.60%	8.60%	8.60%	8.60%	8.60%	8.60%
Directors and Officers and Error and Omissions Liability Insurance [Member] | Maximum [Member]
Debt Instrument [Line Items]
Line of credit facility interest rate	10.90%	10.90%	10.90%	10.90%	10.90%	10.90%	10.90%	10.90%

SCHEDULE OF AGGREGATE MINIMUM F

SCHEDULE OF AGGREGATE MINIMUM FUTURE LEASE PAYMENTS UNDER CAPITAL LEASES (Details)	Sep. 30, 2024 USD ($)
Debt Disclosure [Abstract]
Within year 1	$ 24,938
Within year 2	24,022
Within year 3	80,706
Total Minimum Lease Payments	129,666
Interest Expense relating to future periods	(29,096)
Present Value of minimum lease payments	100,570
Less: Current portion	(12,889)
Non-Current portion	$ 87,681

SCHEDULE OF AGGREGATE FUTURE LO

SCHEDULE OF AGGREGATE FUTURE LONG TERM DEBT PAYMENTS (Details)	Sep. 30, 2024 USD ($)
Debt Disclosure [Abstract]
Within year 1	$ 39,789
Within year 2	4,957
Total Loan Payments	44,746
Less: Current portion	(39,789)
Non-Current portion	$ 4,957

SUMMARY OF UNVESTED STOCK GRANT

SUMMARY OF UNVESTED STOCK GRANTS AWARDED AS COMPENSATION (Details)	3 Months Ended
	Sep. 30, 2024 $ / shares shares
Equity [Abstract]
Number of shares Unvested | shares
Weighted Average Grant Date Fair Value Unvested | $ / shares
Number of shares Granted | shares	13,950
Weighted Average Grant Date Fair Value Granted | $ / shares	$ 2.85
Number of shares Vested | shares	(13,950)
Weighted Average Grant Date Fair Value Vested | $ / shares	$ 2.85
Number of shares Unvested | shares
Weighted Average Grant Date Fair Value Unvested | $ / shares

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Issuance of common stock value for services	$ 39,750	$ 48,800
Compensation expenses	$ 39,750	$ 48,800
Employees [Member]
Issuance of common stock shares for services	13,950
Issuance of common stock value for services	$ 39,750

SCHEDULE OF COMMON STOCK PURCHA

SCHEDULE OF COMMON STOCK PURCHASE OPTIONS (Details) - USD ($)	3 Months Ended	12 Months Ended
	Sep. 30, 2024	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Number of shares options outstanding, beginning shares	250,000
Number of shares options exercisable, beginning shares	250,000
Weighted average exercise price options outstanding, beginning balance	$ 2.15
Weighted average exercise price option exercisable, beginning balance	$ 2.15
Weighted average remaining life in years outstanding	3 months	6 months
Weighted average remaining life in years exercisable	3 months	6 months
Number of shares options granted, shares
Weighted average exercise price options granted
Number of shares options exercised, shares	(10,000)
Weighted average exercise price options exercised	$ 2.15
Number of shares options expired/cancelled, shares
Weighted average exercise price options expired/cancelled
Number of shares options outstanding, ending shares	240,000	250,000
Number of shares options exercisable, ending shares	240,000	250,000
Weighted average exercise price options outstanding, ending balance	$ 2.15	$ 2.15
Weighted average exercise price option exercisable, ending balance	$ 2.15	$ 2.15
Aggregate intrinsic value outstanding	$ 168,000
Aggregate intrinsic value exercisable	$ 168,000

SUMMARY OF STOCK OPTIONS OUTSTA

SUMMARY OF STOCK OPTIONS OUTSTANDING (Details) - $ / shares	3 Months Ended	12 Months Ended
	Sep. 30, 2024	Jun. 30, 2024
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Options outstanding, outstanding number of options, shares	240,000
Options exercisable, exercisable number of options, shares	240,000
Options outstanding weighted average remaining life in years	3 months
Options exercisable weighted average remaining life in years	3 months	6 months
Options outstanding weighted average exercise price	$ 2.15
Options exercisable weighted average exercise price	$ 2.15	$ 2.15
Range One [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Options outstanding, outstanding number of options, shares	240,000
Options exercisable, exercisable number of options, shares	240,000
Options outstanding weighted average remaining life in years	3 months
Options exercisable weighted average remaining life in years	3 months
Options outstanding weighted average exercise price	$ 2.15
Options exercisable weighted average exercise price	$ 2.15

SUMMARY OF STOCK OPTIONS OUTS_2

SUMMARY OF STOCK OPTIONS OUTSTANDING (Details) (Parenthetical)	3 Months Ended
	Sep. 30, 2024 $ / shares
Range One [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise price	$ 2.15

INCENTIVE AND NON-STATUTORY S_3

INCENTIVE AND NON-STATUTORY STOCK OPTION PLAN (Details Narrative)	3 Months Ended
	Sep. 30, 2024 $ / shares
Share-Based Payment Arrangement [Abstract]
Closing stock price	$ 2.85

SUMMARY OF IDENTIFIABLE ASSETS

SUMMARY OF IDENTIFIABLE ASSETS (Details) - USD ($)	Sep. 30, 2024	Jun. 30, 2024
Revenues from External Customers and Long-Lived Assets [Line Items]
Identifiable assets	$ 62,799,659	$ 64,186,442
Corporate Headquarters [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Identifiable assets	941,042	808,385
North America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Identifiable assets	6,670,569	6,114,142
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Identifiable assets	9,028,022	9,410,098
Asia Pacific [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Identifiable assets	$ 46,160,026	$ 47,853,817

SUMMARY OF REVENUE STREAMS (Det

SUMMARY OF REVENUE STREAMS (Details) - USD ($)	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Revenue from External Customer [Line Items]
Total net revenues	$ 14,598,498	$ 14,242,181
North America [Member]
Revenue from External Customer [Line Items]
Total net revenues	2,868,661	1,408,615
Europe [Member]
Revenue from External Customer [Line Items]
Total net revenues	2,495,286	2,562,033
Asia Pacific [Member]
Revenue from External Customer [Line Items]
Total net revenues	9,234,551	10,271,533
License [Member]
Revenue from External Customer [Line Items]
Total net revenues	1,229	1,280,449
License [Member] | North America [Member]
Revenue from External Customer [Line Items]
Total net revenues
License [Member] | Europe [Member]
Revenue from External Customer [Line Items]
Total net revenues	1,229	4,316
License [Member] | Asia Pacific [Member]
Revenue from External Customer [Line Items]
Total net revenues		1,276,133
Subscription and Support [Member]
Revenue from External Customer [Line Items]
Total net revenues	8,192,471	6,512,243
Subscription and Support [Member] | North America [Member]
Revenue from External Customer [Line Items]
Total net revenues	1,262,645	1,124,814
Subscription and Support [Member] | Europe [Member]
Revenue from External Customer [Line Items]
Total net revenues	892,772	713,988
Subscription and Support [Member] | Asia Pacific [Member]
Revenue from External Customer [Line Items]
Total net revenues	6,037,054	4,673,441
Service [Member]
Revenue from External Customer [Line Items]
Total net revenues	6,404,798	6,449,489
Service [Member] | North America [Member]
Revenue from External Customer [Line Items]
Total net revenues	1,606,016	283,801
Service [Member] | Europe [Member]
Revenue from External Customer [Line Items]
Total net revenues	1,601,285	1,843,729
Service [Member] | Asia Pacific [Member]
Revenue from External Customer [Line Items]
Total net revenues	$ 3,197,497	$ 4,321,959

SUMMARY OF OPERATING INFORMATIO

SUMMARY OF OPERATING INFORMATION (Details) - USD ($)	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Revenue	$ 14,598,498	$ 14,242,181
Net income (loss) after taxes and before non-controlling interest	217,709	291,063
Depreciation and amortization	365,997	530,786
Interest expense	258,219	276,017
Income tax expense	229,817	121,895
North America [Member]
Segment Reporting Information [Line Items]
Revenue	2,868,661	1,408,615
Net income (loss) after taxes and before non-controlling interest	614,843	(55,947)
Depreciation and amortization	471	491
Europe [Member]
Segment Reporting Information [Line Items]
Revenue	2,495,286	2,562,033
Net income (loss) after taxes and before non-controlling interest	(522,998)	(91,884)
Depreciation and amortization	59,680	62,901
Interest expense		4,642
Asia Pacific [Member]
Segment Reporting Information [Line Items]
Revenue	9,234,551	10,271,533
Net income (loss) after taxes and before non-controlling interest	787,922	742,616
Depreciation and amortization	305,846	467,394
Interest expense	248,827	265,254
Income tax expense	229,817	121,895
Corporate Headquarters [Member]
Segment Reporting Information [Line Items]
Net income (loss) after taxes and before non-controlling interest	(662,058)	(303,722)
Interest expense	9,392	6,121
Unaffiliated Customers [Member]
Segment Reporting Information [Line Items]
Revenue	14,598,498	14,242,181
Unaffiliated Customers [Member] | North America [Member]
Segment Reporting Information [Line Items]
Revenue	2,868,661	1,408,615
Unaffiliated Customers [Member] | Europe [Member]
Segment Reporting Information [Line Items]
Revenue	2,495,286	2,562,033
Unaffiliated Customers [Member] | Asia Pacific [Member]
Segment Reporting Information [Line Items]
Revenue	9,234,551	10,271,533
Affiliated Customers [Member]
Segment Reporting Information [Line Items]
Revenue
Affiliated Customers [Member] | Asia Pacific [Member]
Segment Reporting Information [Line Items]
Revenue
Intercompany Revenue [Member]
Segment Reporting Information [Line Items]
Revenue	3,285,902	2,720,636
Intercompany Revenue [Member] | Europe [Member]
Segment Reporting Information [Line Items]
Revenue	16,558	100,317
Intercompany Revenue [Member] | Asia Pacific [Member]
Segment Reporting Information [Line Items]
Revenue	$ 3,269,344	$ 2,620,319

SUMMARY OF CAPITAL EXPENDITURES

SUMMARY OF CAPITAL EXPENDITURES (Details) - USD ($)	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Capital expenditures	$ 100,737	$ 371,630
North America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Capital expenditures	3,841
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Capital expenditures	37,494	333,754
Asia Pacific [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Capital expenditures	$ 59,402	$ 37,876

OPERATING SEGMENTS (Details Nar

OPERATING SEGMENTS (Details Narrative)	3 Months Ended
	Sep. 30, 2024 Segments
Segment Reporting [Abstract]
Number of operating segments	3

SCHEDULE OF BALANCE OF NON-CONT

SCHEDULE OF BALANCE OF NON-CONTROLLING INTEREST (Details) - USD ($)	Sep. 30, 2024	Jun. 30, 2024
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Non-Controlling Interest	$ 5,017,675	$ 4,694,418
NetSol PK [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Non-Controlling Interest, Percentage	32.38%	32.38%
Non-Controlling Interest	$ 5,498,409	$ 4,679,101
NetSol Innovation [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Non-Controlling Interest, Percentage	32.38%	32.38%
Non-Controlling Interest	$ (486,522)	$ 137,232
Namecet [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Non-Controlling Interest, Percentage	32.38%	32.38%
Non-Controlling Interest	$ (26,026)	$ (21,014)
NetSol Thai [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Non-Controlling Interest, Percentage	0.006%	0.006%
Non-Controlling Interest	$ (178)	$ (163)
Otoz Thai [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Non-Controlling Interest, Percentage	0.66%	5.60%
Non-Controlling Interest	$ 90,905	$ (17,483)
Otoz [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Non-Controlling Interest, Percentage	0.65%	5.59%
Non-Controlling Interest	$ (58,913)	$ (83,255)

SCHEDULE OF CHANGE IN OWNERSHIP

SCHEDULE OF CHANGE IN OWNERSHIP INTEREST (Details) - USD ($)	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Net income (loss) attributable to NetSol	$ 70,795	$ 30,890
Net transfer (to) from non-controlling interest	(146,914)	(260,173)
Change from net income (loss) attributable to NetSol and transfer (to) from non-controlling interest	70,795	30,890
Otoz and Otoz Thai [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Net income (loss) attributable to NetSol	70,795	30,890
Decrease in paid-in capital for purchase of 157,895 shares of OTOZ Inc common stock	(135,119)
Net transfer (to) from non-controlling interest	(135,119)
Change from net income (loss) attributable to NetSol and transfer (to) from non-controlling interest	$ (64,324)	$ 30,890

SCHEDULE OF CHANGE IN OWNERSH_2

SCHEDULE OF CHANGE IN OWNERSHIP INTEREST (Details) (Parenthetical)	3 Months Ended
	Sep. 30, 2024 shares
Otoz and Otoz Thai [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of shares purchased, shares	157,895

NON-CONTROLLING INTEREST IN S_3

NON-CONTROLLING INTEREST IN SUBSIDIARY (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2024	Jun. 30, 2024
Otoz [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of common shares issued	157,895
Number of common shares issued, value	$ 7,895
Non-controlling interest, percentage	0.65%	5.59%
Otoz [Member] | Minimum [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Non-controlling interest, percentage	5.59%
Otoz [Member] | Maximum [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Non-controlling interest, percentage	0.65%
Otoz Thai [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Non-controlling interest, percentage	0.66%	5.60%

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income tax provision	$ 229,817	$ 121,895