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Note 4 - Related Party Transactions
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12 Months Ended |
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Jun. 30, 2014
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| Related Party Transactions [Abstract] | |
| Related Party Transactions Disclosure [Text Block] |
NOTE 4 – RELATED PARTY TRANSACTIONS
In November 2004, the Company entered into a joint venture agreement with the Innovation Group called NetSol-Innovation (Pvt) Ltd., (“NetSol-Innovation”), a Pakistani company. NetSol-Innovation provides support services to the Innovation Group. During the years ended June 30, 2014 and 2013 NetSol Innovation provided services of $4,970,794 and $3,734,583 respectively. Accounts receivable at June 30, 2014 and 2013 were $2,232,610 and $1,922,837, respectively
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- Details
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- Definition
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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