Major Customers (Details Narrative) |
3 Months Ended | |||||
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Dec. 21, 2015
USD ($)
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Dec. 21, 2015
EUR (€)
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Sep. 30, 2017
USD ($)
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Sep. 30, 2016
USD ($)
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Jun. 30, 2017
USD ($)
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Dec. 21, 2015
EUR (€)
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Revenue in excess of billing - long term | $ 5,225,260 | $ 5,173,538 | ||||
Revenues in excess of billings | 22,104,283 | $ 15,433,769 | 19,126,389 | |||
Customer [Member] | ||||||
Fixed annual payments for years 1- 5 | $ 6,882,000 | |||||
Fixed annual payments for years 6- 10 | $ 9,824,000 | |||||
EURO [Member] | Customer [Member] | ||||||
Fixed annual payments for years 1- 5 | € | € 5,850,000 | |||||
Fixed annual payments for years 6- 10 | € | € 8,350,000 | |||||
Daimler Financial Services [Member] | ||||||
Accounts receivable, gross | 1,682,073 | 1,620,717 | ||||
Revenue in excess of billing - long term | $ 22,290,975 | 18,579,540 | ||||
Agreement description | On December 21, 2015, the Company entered into a 10 year contract with Daimler Financial Services to provide license, maintenance and services for 12 countries in the Asia Pacific Region. The implementation phase is expected to be over a five year period with maintenance and support over 10 years. | On December 21, 2015, the Company entered into a 10 year contract with Daimler Financial Services to provide license, maintenance and services for 12 countries in the Asia Pacific Region. The implementation phase is expected to be over a five year period with maintenance and support over 10 years. | ||||
License and maintenance fees | $ 83,529,000 | |||||
Daimler Financial Services [Member] | EURO [Member] | ||||||
License and maintenance fees | € | € 71,000,000 | |||||
Daimler Financial Services [Member] | Revenue [Member] | ||||||
Concentration risk, percentage | 32.98% | 41.11% | ||||
Innovation Group [Member] | Revenue [Member] | ||||||
Concentration risk, percentage | 8.83% | 9.11% | ||||
NetSol-Innovation [Member] | ||||||
Accounts receivable, gross | $ 2,212,132 | 1,462,078 | ||||
Revenue in excess of billing - long term | ||||||
Revenues in excess of billings | $ 5,225,260 | $ 5,173,538 |
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- Definition Fixed annual payments for years 1- 5. No definition available.
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- Definition Fixed annual payments for years 6- 10. No definition available.
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- Definition For unclassified balance sheet, amounts due from customers or clients for goods or services that have been delivered or sold in the normal course of business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division. 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 after one year or beyond 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 Revenue from multiple-deliverable arrangements that include licensing fees and maintenance revenue. Licensing revenue is consideration received from another party for the right to use, but not own, certain of the entity's intangible assets. Licensing arrangements include, but are not limited to, rights to use a patent, copyright, technology, manufacturing process, software or trademark. Licensing fees are generally, but not always, fixed as to amount and not dependent upon the revenue generated by the licensing party. An entity may receive licensing fees for licenses that also generate royalty payments to the entity. Maintenance revenue is derived from maintenance services provided under contracts or arrangements with clients. Services may include the maintenance of software, plant and equipment, and facilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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