v3.26.3
SCHEDULE OF COMPONENTS OF NOTES PAYABLE AND CAPITAL LEASES (Details) - USD ($)
Jun. 30, 2026
Jun. 30, 2025
Debt Instrument [Line Items]    
Notes payable $ 8,315,810 $ 8,273,164
Notes payable current maturities 8,107,703 8,226,206
Notes payable long- term maturities 208,107 46,958
Subsidiary Finance Leases, Total [1] 84,342 101,505
Subsidiary Finance Leases, Current Maturities [1] 79,467 13,855
Subsidiary Finance Leases, Long-Term Maturities [1] 4,875 87,650
Notes payable and finance leases, net 8,400,152 8,374,669
Notes payable and finance leases, current maturities 8,187,170 8,240,061
Notes payable and finance leases, long-term maturities 212,982 134,608
D&O Insurance [Member]    
Debt Instrument [Line Items]    
Notes payable [2] 121,043 119,542
Notes payable current maturities [2] 121,043 119,542
Notes payable long- term maturities [2]
Line of Credit [Member]    
Debt Instrument [Line Items]    
Notes payable [3] 405,000
Notes payable current maturities [3] 405,000
Notes payable long- term maturities [3]
Bank Overdraft Facility [Member]    
Debt Instrument [Line Items]    
Notes payable [4]
Notes payable current maturities [4]
Notes payable long- term maturities [4]
Loan Payable Bank - Export Refinance [Member]    
Debt Instrument [Line Items]    
Notes payable [5] 1,798,302 1,759,634
Notes payable current maturities [5] 1,798,302 1,759,634
Notes payable long- term maturities [6]
Loan Payable Bank - Running Finance [Member]    
Debt Instrument [Line Items]    
Notes payable [6]
Notes payable current maturities [6]
Notes payable long- term maturities [7]
Loan Payable Bank - Export Refinance II [Member]    
Debt Instrument [Line Items]    
Notes payable [7]
Notes payable current maturities [7]
Notes payable long- term maturities [7]  
Loan Payable Bank - Export Refinance III [Member]    
Debt Instrument [Line Items]    
Notes payable [8]
Notes payable current maturities [8]
Notes payable long- term maturities [8]
Loan Payable Bank - Export Refinance IV [Member]    
Debt Instrument [Line Items]    
Notes payable [9] 1,366,710 1,337,322
Notes payable current maturities [9] 1,366,710 1,337,322
Notes payable long- term maturities [9]
Loan Payable Bank - Export Refinance V [Member]    
Debt Instrument [Line Items]    
Notes payable [10] 4,675,586 4,575,048
Notes payable current maturities [10] 4,675,586 4,575,048
Notes payable long- term maturities [10]
Sale and Leaseback Financing [Member]    
Debt Instrument [Line Items]    
Notes payable [11] 354,169 76,618
Notes payable current maturities [11] 146,062 29,660
Notes payable long- term maturities [11] $ 208,107 $ 46,958
[1] The Company leases various fixed assets under capital lease arrangements expiring in various years through 2029. The assets and liabilities under capital leases are recorded at the lower of the present value of the minimum lease payments or the fair value of the asset. The assets are secured by the assets themselves. Depreciation of assets under capital leases is included in depreciation expense for the years ended June 30, 2026 and 2025.
[2] The Company finances Directors’ and Officers’ (“D&O”) liability insurance and Errors and Omissions (“E&O”) liability insurance, for which the D&O and E&O balances are renewed on an annual basis and, as such, are recorded in current maturities. The interest rates on these financings range from 7.4% to 7.8% and 8.4% to 11.6% as of June 30, 2026 and 2025, respectively.
[3] The Company has an uncommitted discretionary demand line of credit up to an aggregate amount of $1,000,000 with HSBC, secured by a lien on the Company’s assets. The annual interest rate was 8.0% and 7.75% as of June 30, 2026 and 2025, respectively. The total outstanding balance as of June 30, 2026 and 2025, was $nil and $405,000, respectively.
[4] The Company’s subsidiary, NTE, has an overdraft facility with HSBC Bank plc whereby the bank would cover any overdrafts up to £300,000, or approximately $394,737. The annual interest rate was 8.0% and 8.5% as of June 30, 2026 and 2025, respectively. The total outstanding balance as of June 30, 2026 and 2025 was £nil.
[5] The Company’s subsidiary, NetSol PK, has an export refinance facility with Askari Bank Limited, secured by NetSol PK’s assets. This is a revolving loan that matures every six months. The total facility amount is Rs. 600,000,000 or $2,157,963 and Rs. 600,000,000 or $2,111,561 at June 30, 2026 and 2025, respectively. NetSol PK used Rs. 500,000,000 or $1,798,302 at June 30, 2026 and Rs. 500,000,000 or $1,759,634 at June 30, 2025. The interest rate for the loan was 4.5% and 8.0% at June 30, 2026 and 2025, respectively.
[6] The Company’s subsidiary, NetSol PK, has a running finance facility with Askari Bank Limited, secured by NetSol PK’s assets. The total facility amount is Rs. 4,050,937 or $14,570 and Rs. 4,050,937 or $14,256, at June 30, 2026 and 2025, respectively. The balance outstanding at June 30, 2026 and 2025 was Rs. Nil. The interest rate for the loan was 13.8% and 13.2% at June 30, 2026 and 2025, respectively.
[7] The Company’s subsidiary, NetSol PK, has an export refinance facility with Bank Al-Habib Limited, secured by NetSol PK’s assets. This is a revolving loan that matures every six months. The total facility amount is Rs. 400,000,000 or $1,438,642 at June 30, 2026. NetSol PK has not used this facility at June 30, 2026. The interest rate for the loan was 4.5% at June 30, 2026.
[8] The Company’s subsidiary, NetSol PK, has an export refinance facility with Bank of Punjab, secured by NetSol PK’s assets. This is a revolving loan that matures every six months. The total facility amount is Rs. 200,000,000 or $719,321 at June 30, 2026. NetSol PK has not used this facility at June 30, 2026. The interest rate for the loan was 4.5% at June 30, 2026.
[9] The Company’s subsidiary, NetSol PK, has an export refinance facility with Samba Bank Limited, secured by NetSol PK’s assets. This is a revolving loan that matures every six months. The total facility amount is Rs. 380,000,000 or $1,366,710 and Rs. 380,000,000 or $1,337,322, at June 30, 2026 and 2025, respectively. NetSol PK used Rs. 380,000,000 or $1,366,710 and Rs. 380,000,000 or $1,337,322, at June 30, 2026 and 2025, respectively. The interest rate for the loan was 4.5% and 8.0% at June 30, 2026 and 2025, respectively.
[10] The Company’s subsidiary, NetSol PK, has an export refinance facility with Habib Metro Bank Limited, secured by NetSol PK’s assets. This is a revolving loan that matures every six months. The total facility amount is Rs. 1,300,000,000 or $4,675,586 and Rs. 1,300,000,000 or $4,575,048, at June 30, 2026 and 2025, respectively. NetSol PK used Rs. 1,300,000,000 or $4,675,586 and Rs. 1,300,000,000 or $4,575,048, at June 30, 2026 and 2025, respectively. The interest rate for the loan was 4.5% and 8.0% at June 30, 2026 and 2025, respectively.
[11] The Company’s subsidiary, NetSol PK, availed sale and leaseback financing from First Habib Modaraba secured by the transfer of the vehicles’ title. As of June 30, 2026, NetSol PK used Rs. 98,473,095 or $354,169 of which $208,107 was shown as long-term and $146,062 as current. As of June 30, 2025, NetSol PK used Rs. 21,771,042 or $76,618 of which $46,958 was shown as long-term and $29,660 as current. The interest rate for the loan ranged between 11.4% and 12.3% at June 30, 2026. The interest rate for the loan ranged between 12.3% and 24.2% at June 30, 2025.