XML 76 R65.htm IDEA: XBRL DOCUMENT v3.24.0.1
SCHEDULE OF COMPONENTS OF NOTES PAYABLE AND CAPITAL LEASES (Details) (Parenthetical)
6 Months Ended
Mar. 31, 2019
USD ($)
Mar. 31, 2019
GBP (£)
Dec. 31, 2023
USD ($)
Dec. 31, 2023
INR (₨)
Dec. 31, 2023
GBP (£)
Jun. 30, 2023
USD ($)
Jun. 30, 2023
INR (₨)
Jun. 30, 2023
GBP (£)
Mar. 31, 2019
GBP (£)
Virtual Lease Services Limited [Member] | Loan Agreement [Member]                  
Line of Credit Facility [Line Items]                  
Line of credit facility, maximum borrowing capacity     $ 3,392     $ 13,356      
Debt instrument, interest rate     6.14% 6.14% 6.14% 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]                  
Line of credit, current     $ 39,587          
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%        
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     $ 1,787,821 ₨ 500,000,000   $ 1,741,493 ₨ 500,000,000    
Debt instrument, interest rate     19.00% 19.00% 19.00% 17.00% 17.00% 17.00%  
Askari Bank Limited [Member] | NetSol PK [Member] | Running Finance Facility [Member]                  
Line of Credit Facility [Line Items]                  
Line of credit facility, maximum borrowing capacity     $ 191,654 ₨ 53,000,000          
Debt instrument, interest rate     23.50% 23.50% 23.50% 24.90% 24.90% 24.90%  
Line of credit | ₨              
Samba Bank Limited [Member] | NetSol PK [Member] | Refinance Facility [Member]                  
Line of Credit Facility [Line Items]                  
Line of credit facility, maximum borrowing capacity     $ 1,358,744 ₨ 380,000,000   $ 1,323,535 ₨ 380,000,000    
Debt instrument, interest rate     19.00% 19.00% 19.00% 18.00% 18.00% 18.00%  
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 December 31, 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     $ 3,218,078 ₨ 900,000,000   $ 3,134,687 ₨ 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     $ 2,502,951 ₨ 700,000,000   $ 2,438,089 ₨ 700,000,000    
Debt instrument, interest rate     19.00% 19.00% 19.00% 18.00% 18.00% 18.00%  
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     $ 256,921 ₨ 71,853,193   $ 321,113 ₨ 92,194,774    
Line of credit, long term     99,527     172,849      
Line of credit, current     $ 157,394     $ 148,264      
Minimum [Member] | 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% 9.70% 9.70% 9.70%  
Minimum [Member] | Habib Metro Bank Limited [Member] | NetSol PK [Member] | Sale and Leaseback Financing [Member]                  
Line of Credit Facility [Line Items]                  
Debt instrument, interest rate     9.00% 9.00% 9.00% 9.00% 9.00% 9.00%  
Maximum [Member] | Virtual Lease Services Limited [Member] | Insurance Financing [Member] | Directors and Officers [Member]                  
Line of Credit Facility [Line Items]                  
Debt instrument, interest rate     12.70% 12.70% 12.70% 12.70% 12.70% 12.70%  
Maximum [Member] | Habib Metro Bank Limited [Member] | NetSol PK [Member] | Sale and Leaseback Financing [Member]                  
Line of Credit Facility [Line Items]                  
Debt instrument, interest rate     16.00% 16.00% 16.00% 16.00% 16.00% 16.00%  
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% 7.90% 7.90% 7.90%