Consolidated Balance Sheets - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Current assets:
Cash and cash equivalents	$ 19,127,165	$ 15,533,254
Accounts receivable, net of allowance of $398,809 and $420,354	13,049,614	11,714,422
Revenues in excess of billings, net of allowance of $116,148 and $1,380,141	12,684,518	12,377,677
Other current assets	2,600,786	1,978,514
Total current assets	47,462,083	41,603,867
Revenues in excess of billings, net - long term	954,029
Property and equipment, net	5,106,842	6,161,186
Right of use assets - operating leases	1,328,624	1,151,575
Other assets	32,340	32,327
Intangible assets, net		127,931
Goodwill	9,302,524	9,302,524
Total assets	64,186,442	58,379,410
Current liabilities:
Accounts payable and accrued expenses	8,232,342	6,552,181
Current portion of loans and obligations under finance leases	6,276,125	5,779,510
Current portion of operating lease obligations	608,202	505,237
Unearned revenue	8,752,153	7,932,306
Total current liabilities	23,868,822	20,769,234
Loans and obligations under finance leases; less current maturities	95,771	176,229
Operating lease obligations; less current maturities	688,749	652,194
Total liabilities	24,653,342	21,597,657
Stockholders’ equity:
Preferred stock, $.01 par value; 500,000 shares authorized;
Common stock, $.01 par value; 14,500,000 shares authorized; 12,359,922 shares issued and 11,420,891 outstanding as of June 30, 2024 , 12,284,887 shares issued and 11,345,856 outstanding as of June 30, 2023	123,602	122,850
Additional paid-in-capital	128,783,865	128,476,048
Treasury stock (at cost, 939,031 shares as of June 30, 2024 and June 30, 2023)	(3,920,856)	(3,920,856)
Accumulated deficit	(44,212,313)	(44,896,186)
Other comprehensive loss	(45,935,616)	(45,975,156)
Total NetSol stockholders’ equity	34,838,682	33,806,700
Non-controlling interest	4,694,418	2,975,053
Total stockholders’ equity	39,533,100	36,781,753
Total liabilities and stockholders’ equity	$ 64,186,442	$ 58,379,410