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v3.23.3

SCHEDULE OF COMPONENTS OF NOTES PAYABLE AND CAPITAL LEASES (Details) (Parenthetical) |  | 12 Months Ended |  |  |
--- | --- | --- | --- | --- | ---
Mar. 31, 2020 USD ($) | Mar. 31, 2020 GBP (£) | Jun. 30, 2023 USD ($) | Jun. 30, 2023 INR (₨) | Jun. 30, 2023 GBP (£) | Jun. 30, 2022 USD ($) | Jun. 30, 2022 INR (₨) | Jun. 30, 2022 GBP (£) | Mar. 31, 2020 GBP (£)
Virtual Lease Services Limited [Member] | Loan Agreement [Member] |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  |  | $ 13,356 |  |  |  |  |  |
Debt instrument, interest rate |  |  | 6.14% | 6.14% | 6.14% |  |  |  |
Line of credit | $ 88,037 |  |  |  |  |  |  |  | £ 69,549
Line of credit monthly payments | $ 1,708 | £ 1,349 |  |  |  |  |  |  |
Virtual Lease Services Limited [Member] | Insurance Financing [Member] | Directors and Officers [Member] |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Debt instrument, interest rate |  |  | 9.70% | 9.70% | 9.70% | 12.70% | 12.70% | 12.70% |
Line of credit, current |  |  |  |  |  | $ 96,781 |  |  |
HSBC Bank [Member] | NTE [Member] |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  |  | $ 379,747 |  | £ 300,000 |  |  |  |
Debt instrument, interest rate |  |  | 9.50% | 9.50% | 9.50% | 5.50% | 5.50% | 5.50% |
Line of credit | £ |  |  |  |  |  |  |  |  |
Commitment fee percentage |  |  | 200.00% |  |  |  |  |  |
Askari Bank Limited [Member] | NetSol PK [Member] |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  |  | $ 1,741,493 | ₨ 500,000,000 |  | $ 2,434,749 | ₨ 500,000,000 |  |
Debt instrument, interest rate |  |  | 17.00% | 17.00% | 17.00% | 3.00% | 3.00% | 3.00% |
Askari Bank Limited [Member] | NetSol PK [Member] | Refinance Facility [Member] |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  |  |  |  |  | $ 423,101 | ₨ 86,887,974 |  |
Debt instrument, interest rate |  |  | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% |
Askari Bank Limited [Member] | NetSol PK [Member] | Running Finance Facility [Member] |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  |  | $ 186,688 | ₨ 53,600,000 |  | $ 261,005 | ₨ 53,600,000 |  |
Debt instrument, interest rate |  |  | 24.90% | 24.90% | 24.90% | 14.00% | 14.00% | 14.00% |
Line of credit | ₨ |  |  |  |  |  |  |  |  |
Debt instrument covenant description |  |  | These facilities require NetSol PK to maintain a long-term debt equity ratio of 60:40 and the current ratio of 1:1. As of June 30, 2023, NetSol PK was in compliance with this covenant |  |  |  |  |  |
Samba Bank Limited [Member] | NetSol PK [Member] | Refinance Facility [Member] |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  |  | $ 1,323,535 | ₨ 380,000,000 |  | $ 1,850,409 | ₨ 380,000,000 |  |
Debt instrument, interest rate |  |  | 18.00% | 18.00% | 18.00% | 3.00% | 3.00% | 3.00% |
Debt instrument covenant description |  |  | During the loan tenure, 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 June 30, 2023, NetSol PK was in compliance with these covenants |  |  |  |  |  |
Habib Metro Bank Limited [Member] | Refinance Facility [Member] |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  |  | $ 3,134,687 | ₨ 900,000,000 |  | $ 4,382,548 | ₨ 900,000,000 |  |
Habib Metro Bank Limited [Member] | NetSol PK [Member] | Refinance Facility [Member] |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  |  | $ 2,438,089 | ₨ 700,000,000 |  | $ 3,408,648 | ₨ 700,000,000 |  |
Debt instrument, interest rate |  |  | 18.00% | 18.00% | 18.00% | 3.00% | 3.00% | 3.00% |
Habib Metro Bank Limited [Member] | NetSol PK [Member] | Sale and Leaseback Financing [Member] |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  |  | $ 321,113 | ₨ 92,194,774 |  | $ 619,108 | ₨ 127,140,038 |  |
Debt instrument, interest rate |  |  | 9.00% | 9.00% | 9.00% | 16.00% | 16.00% | 16.00% |
Line of credit, long term |  |  | $ 172,849 |  |  | $ 429,882 |  |  |
Line of credit, current |  |  | $ 148,264 |  |  | $ 189,226 |  |  |
Directors and Officers and Error and Omissions Liability Insurance [Member] | Minimum [Member] |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Line of credit facility interest rate |  |  | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% |
Directors and Officers and Error and Omissions Liability Insurance [Member] | Maximum [Member] |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Line of credit facility interest rate |  |  | 7.90% | 7.90% | 7.90% | 7.00% | 7.00% | 7.00% |

X
- Definition Description of minimum financial levels (for example, tangible net worth and working capital) and achievement of certain financial ratios (for example, working capital ratio and debt service coverage ratio), and adherence to certain clauses which generally require or restrict certain actions (for example, entering into a debt arrangement with equal or greater seniority, and selling or discontinuing a certain business segment or material subsidiary) to be in compliance with the covenant clauses of the debt agreement. May also include a discussion of the adverse consequences that would result if the entity violates or fails to satisfy the covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480848/942-470-50-3 + Details
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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1 + Details
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- Definition The carrying value as of the balance sheet date of the current portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(13)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1 + Details
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