XML 23 R12.htm IDEA: XBRL DOCUMENT
v3.22.4

OTHER COMPREHENSIVE INCOME AND FOREIGN CURRENCY | 6 Months Ended
--- | ---
Dec. 31, 2022
Other Comprehensive Income And Foreign Currency |
OTHER COMPREHENSIVE INCOME AND FOREIGN CURRENCY | NOTE 5 – OTHER COMPREHENSIVE INCOME AND FOREIGN CURRENCY The accounts of NTE, AEL, VLSH and VLS use the British Pound; VLSIL uses the Euro; NetSol PK, Connect, and NetSol Innovation use the Pakistan Rupee; NTPK Thailand, NetSol Thai and Otoz Thai use the Thai Baht; Australia uses the Australian dollar; and NetSol Beijing and Tianjin use the Chinese Yuan as the functional currencies. NetSol Technologies, Inc., and its subsidiaries, NTA and Otoz, use the U.S. dollar as the functional currency. Assets and liabilities are translated at the exchange rate on the balance sheet date, and operating results are translated at the average exchange rate throughout the period. Accumulated translation losses classified as an item of accumulated other comprehensive loss in the stockholders’ equity section of the consolidated balance sheet were $42,011,340 and $39,363,085 as of December 31, 2022 and June 30, 2022, respectively. During the three and six months ended December 31, 2022, comprehensive income (loss) in the consolidated statements of comprehensive income (loss) included a $269,795 translation gain attributable to NetSol and a $(2,648,255) translation loss attributable to NetSol, respectively. During the three and six months ended December 31, 2021, comprehensive income (loss) in the consolidated statements of comprehensive income (loss) included a translation loss attributable to NetSol of $(921,743) and $(3,067,148), respectively.

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

X
- Definition Other Comprehensive Income And Foreign Currency [Text Block] + References No definition available. + Details
Name: | NTWK_OtherComprehensiveIncomeAndForeignCurrencyTextBlock
Namespace Prefix: | NTWK_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration