Related Party Transactions (Details Narrative) - USD ($) |
12 Months Ended | |
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Jun. 30, 2016 |
Jun. 30, 2015 |
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Services of related parties | $ 10,617,022 | $ 7,299,743 |
Accounts receivable, related parties | 5,691,178 | 3,491,899 |
Revenues in excess of billings | 10,493,096 | 5,251,005 |
Payment to acquire investment | $ 555,556 | |
G-Force LLC [Member] | Chief Executive Officer [Member] | ||
Percentage of investment in subsidiary | 4.90% | |
Payments for financial interest | $ 1,111,111 | |
Payment to acquire investment | 555,556 | |
G-Force LLC [Member] | Chief Executive Officer [Member] | September 1, 2016 [Member] | ||
Payment to acquire investment | 555,555 | |
Net Sol Innovation [Member] | ||
Services of related parties | 8,161,015 | 6,043,617 |
Accounts receivable, related parties | 4,689,322 | 3,226,733 |
Investec Asset Finance [Member] | ||
Services of related parties | 4,437,917 | 1,652,077 |
Accounts receivable, related parties | 1,001,856 | $ 265,166 |
Revenues in excess of billings | $ 804,168 |
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- Definition Amount of receivables arising from transactions with related parties due within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of receivable reflecting the cost incurred on uncompleted contracts in excess of related billings which is expected to be collected within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow associated with the acquisition of a controlling interest in another entity or an entity that is related to it but not strictly controlled (for example, an unconsolidated subsidiary, affiliate, joint venture or equity method investment). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow associated with the purchase of all investments (debt, security, other) during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of revenue, fees and commissions earned from transactions between (a) a parent company and its subsidiaries; (b) subsidiaries of a common parent; (c) an entity and trusts for the benefit of employees, for example, but not limited to, pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; (d) an entity and its principal, owners, management, or members of their immediate families; and (e) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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