Other Long Term Assets (Details Narrative) |
12 Months Ended |
---|---|
Jun. 30, 2016
USD ($)
| |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
Qualified financing, description | In connection with the investment, the Company and NetSol PK received a warrant to purchase preferred stock which included the following key terms and features: |
Expiration date of warrant | Mar. 02, 2020 |
Value of qualified financing | $ 2,000,000 |
Number of common stock shares issuable upon the exercise of warrant | $ 1,250,000 |
Percentage of per share price of next round preferred stock sold in qualified financing | 70.00% |
Number of shares of common stock outstanding immediately prior to the Qualified Financing | $ 25,000,000 |
X | ||||||||||
- Definition Percentage of per share price of next round preferred stock sold in qualified financing. No definition available.
|
X | ||||||||||
- Definition Qualified financing, description. No definition available.
|
X | ||||||||||
- Definition Expiration date of warrant. No definition available.
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The cash inflow from issuance of rights to purchase common shares at predetermined price (usually issued together with corporate debt). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash inflow (outflow) from financing activities classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Value of outstanding derivative securities that permit the holder the right to purchase securities (usually equity) from the issuer at a specified price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|