Quarterly report pursuant to Section 13 or 15(d)

Other Long Term Assets - Schedule of Other Long Term Assets (Details)

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Other Long Term Assets - Schedule of Other Long Term Assets (Details) - USD ($)
Sep. 30, 2016
Jun. 30, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]    
Investment [1] $ 1,524,563 $ 720,350
Long Term Security Deposits 80,168 122,203
Total $ 1,604,731 $ 842,553
[1] (1) Investment under cost method On March 2, 2016, the Company purchased a 4.9% interest in eeGeo, Inc. a non-public company for $1,111,111. The Company paid $555,556 at the initial closing and $555,555 on September 1, 2016. NetSol PK, the subsidiary of the Company, purchased a 12.2% investment in eeGeo, Inc., for $2,777,778 which will be earned over future periods by providing IT and enterprise software solutions. Per the agreement, NetSol PK is to provide a minimum of $200,000 of services in each three-month period and the entire balance is required to be provided within three years of the date of the agreement. NetSol PK may be required to forfeit the shares back to eeGeo, Inc., if NetSol PK fails to provide the future services. During three months ended September 30, 2016, NetSol PK provided services valued at $248,658. As of September 30, 2016, accumulated balance of services provided was $413,452 which is recorded as investment.