v3.26.3
SCHEDULE OF COMPONENTS OF NOTES PAYABLE AND CAPITAL LEASES (Details) - USD ($)
Sep. 30, 2026
Jun. 30, 2026
Debt Instrument [Line Items]    
Notes payable $ 8,231,262 $ 8,315,810
Notes payable current maturities 8,061,581 8,107,703
Notes payable long- term maturities 169,681 208,107
Subsidiary Finance Leases, Total [1] 81,975 84,342
Subsidiary Finance Leases, Current Maturities [1] 77,574 79,467
Subsidiary Finance Leases, Long-Term Maturities [1] 4,401 4,875
Notes payable and finance leases, net 8,313,237 8,400,152
Notes payable and finance leases, current maturities 8,139,155 8,187,170
Notes payable and finance leases, long-term maturities 174,082 212,982
D&O Insurance [Member]    
Debt Instrument [Line Items]    
Notes payable [2] 40,006 121,043
Notes payable current maturities [2] 40,006 121,043
Notes payable long- term maturities [2]
Line of Credit [Member]    
Debt Instrument [Line Items]    
Notes payable [3]
Notes payable current maturities [3]
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] 1,805,184 1,798,302
Notes payable current maturities [5] 1,805,184 1,798,302
Notes payable long- term maturities [5]
Loan Payable Bank - Running Finance [Member]    
Debt Instrument [Line Items]    
Notes payable [6]
Notes payable current maturities [6]
Notes payable long- term maturities [6]
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] 1,371,940 1,366,710
Notes payable current maturities [9] 1,371,940 1,366,710
Notes payable long- term maturities [9]
Loan Payable Bank - Export Refinance V [Member]    
Debt Instrument [Line Items]    
Notes payable [10] 4,693,480 4,675,586
Notes payable current maturities [10] 4,693,480 4,675,586
Notes payable long- term maturities [10]
Sale and Leaseback Financing [Member]    
Debt Instrument [Line Items]    
Notes payable [11] 320,652 354,169
Notes payable current maturities [11] 150,971 146,062
Notes payable long- term maturities [11] $ 169,681 $ 208,107
[1] The Company leases various fixed assets under finance lease arrangements expiring in various years through 2029. The assets and liabilities under finance 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 finance leases is included in depreciation expense for the three months ended September 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 rate on these financings ranged from 7.4% to 7.8% as of September 30, 2026 and June 30, 2026.
[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% as of September 30, 2026 and June 30, 2026. The total outstanding balance as of September 30, 2026 and June 30, 2026 was $Nil.
[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 $400,000. The annual interest rate was 8.0% as of September 30, 2026 and June 30, 2026. The total outstanding balance as of September 30, 2026 and June 30, 2026 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 $2,166,221 at September 30, 2026 and Rs. 600,000,000 or $2,157,963 at June 30, 2026. NetSol PK used Rs. 500,000,000 or $1,805,184 at September 30, 2026 and Rs. 500,000,000 or $1,798,302 at June 30, 2026. The interest rate for the loan was 6.5% at September 30, 2026 and 4.5% at June 30, 2026.
[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 $14,625 and Rs. 4,050,937 or $14,570, at September 30, 2026 and June 30, 2026, respectively. The balance outstanding at September 30, 2026 and June 30, 2026 was Rs. Nil. The interest rate for the loan was 13.9% at September 30, 2026 and 13.8% at June 30, 2026.
[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 $1,444,148 at September 30, 2026. NetSol PK has not used this facility at September 30, 2026. The interest rate for the loan was 4.5% at September 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 $722,074 at September 30, 2026. NetSol PK has not used this facility at September 30, 2026. The interest rate for the loan was 4.5% at September 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 $1,371,940 and Rs. 380,000,000 or $1,366,710 at September 30, 2026 and June 30, 2026, respectively. NetSol PK used Rs. 380,000,000 or $1,371,940 and Rs. 380,000,000 or $1,366,710 at September 30, 2026 and June 30, 2026, respectively. The interest rate for the loan was 5.5% at September 30, 2026 and 4.5% at June 30, 2026.
[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 $4,693,480 and Rs. 1,300,000,000 or $4,675,586, at September 30, 2026 and June 30, 2026, respectively. NetSol PK used Rs. 1,300,000,000 or $4,693,480 and Rs. 1,300,000,000 or $4,675,586, at September 30, 2026 and June 30, 2026, respectively. The interest rate for the loan was 5.5% at September 30, 2026 and 4.5% at June 30, 2026.
[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 September 30, 2026, NetSol PK used Rs. 88,814,111 or $320,652 of which $169,681 was shown as long term and $150,971 as current. 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. The interest rate for the loan was from 11.4% to 12.3% at September 30, 2026 and June 30, 2026, respectively.