XML 44 R32.htm IDEA: XBRL DOCUMENT
v3.21.2

Summary of Significant Accounting Policies (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Reclassified Net Revenues | For comparative purposes, prior year’s consolidated financial statements have been reclassified to conform to report classifications of the current period. Below is the table of reclassified amounts:
|  | For the Years ended |
|  | June 30, 2020 |
|  | Originally reported |  |  | Reclassified |
REVENUES |  |  |  |  |  |  |  |
License fees |  | $ | 4,564,560 |  |  | $ | 3,260,891 |
Subscription and support |  |  | 19,019,646 |  |  |  | 20,254,917 |
Services |  |  | 32,487,292 |  |  |  | 32,555,690 |
Services - related party |  |  | 300,821 |  |  |  | 300,821 |
Total net revenues |  | $ | 56,372,319 |  |  | $ | 56,372,319 |
Summary of Estimated Useful Lives of Assets | Following is the summary of estimated useful lives of the assets:
Category |  | Estimated Useful Life
Computer equipment and software |  | 3 to 5 Years
Office furniture and equipment |  | 5 to 10 Years
Building |  | 20 Years
Autos |  | 5 Years
Assets under capital leases |  | 3 to 10 Years
Improvements |  | 5 to 10 Years
Schedule of Fair Value of Financial Assets Measured on Recurring Basis | Our financial assets that are measured at fair value on a recurring basis as of June 30, 2021 are as follows:
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total Assets |
Revenues in excess of billings - long term |  | $ | - |  |  | $ | - |  |  | $ | 957,603 |  |  | $ | 957,603 |
Total |  | $ | - |  |  | $ | - |  |  | $ | 957,603 |  |  | $ | 957,603 |
Our financial assets that are measured at fair value on a recurring basis as of June 30, 2020, are as follows:
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total Assets |
Revenues in excess of billings - long term |  | $ | - |  |  | $ | - |  |  | $ | 1,300,289 |  |  | $ | 1,300,289 |
Total |  | $ | - |  |  | $ | - |  |  | $ | 1,300,289 |  |  | $ | 1,300,289 |
Schedule of Fair Value of Financial Instruments Reconciliation | The reconciliation for the years ended June 30, 2021 and 2020 is as follows:
|  | Revenues in excess of billings - long term |  |  | Fair value discount |  |  | Total |
Balance at June 30, 2019 |  | $ | 1,380,631 |  |  | $ | (99,139 | ) |  | $ | 1,281,492 |
Amortization during the period |  |  | - |  |  |  | 55,344 |  |  |  | 55,344 |
Effect of Translation Adjustment |  |  | (39,056 | ) |  |  | 2,509 |  |  |  | (36,547 | )
Balance at June 30, 2020 |  | $ | 1,341,575 |  |  | $ | (41,286 | ) |  | $ | 1,300,289 |
Additions |  |  | 1,023,634 |  |  |  | (78,124 | ) |  |  | 945,510 |
Amortization during the period |  |  | - |  |  |  | 53,119 |  |  |  | 53,119 |
Transfers to short term |  |  | (1,341,575 | ) |  |  | - |  |  |  | (1,341,575 | )
Effect of Translation Adjustment |  |  | 748 |  |  |  | (488 | ) |  |  | 260 |
Balance at June 30, 2021 |  | $ | 1,024,382 |  |  | $ | (66,779 | ) |  | $ | 957,603 |
Schedule of the Impact of Adopting Topic 326 | The following table presents the impact of adopting ASC Topic 326 as of July 1, 2020:
|  | Adjustment |
|  | to Adopt |
Asset Classification |  | ASC Topic 326 |
Allowance for credit losses - accounts receivable |  | $ | 109,486 |
Allowance for credit losses - accounts receivable - related party |  |  | 1,282,505 |
Allowance for credit losses - revenue in excess of billings - related party |  |  | 8,163 |
Allowance for credit losses - convertible notes receivable - related party |  |  | 4,250,000 |
Allowance for credit losses - other current assets |  |  | 1,134,146 |
|  | $ | 6,784,300 |

X
- Definition Schedule of reclassified net revenues [Table Text Block] + References No definition available. + Details
Name: | NTWK_ScheduleOfReclassifiedNetRevenuesTableTextBlock
Namespace Prefix: | NTWK_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Summary of Estimated Useful Lives of Assets [Table Text Block] + References No definition available. + Details
Name: | NTWK_SummaryOfEstimatedUsefulLivesOfAssetsTableTextBlock
Namespace Prefix: | NTWK_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=124437754&loc=d3e765-108305 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=124437754&loc=d3e725-108305 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794 + Details
Name: | us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration