Related Party Transactions (Details Narrative) - USD ($) |
12 Months Ended | ||
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Mar. 02, 2017 |
Jun. 30, 2018 |
Jun. 30, 2017 |
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Accounts receivable, related parties | $ 3,374,272 | $ 1,644,942 | |
G-Force LLC [Member] | Chief Executive Officer and Director [Member] | |||
Percentage of investment in subsidiary | 4.90% | ||
Payments for financial interest | $ 1,111,111 | ||
NetSol-Innovation [Member] | |||
Services - related party | 3,286,649 | 5,665,872 | |
Accounts receivable, related parties | 2,521,533 | 1,462,078 | |
Investec Asset Finance [Member] | |||
Services - related party | 2,111,315 | 1,299,784 | |
Accounts receivable, related parties | $ 379,521 | $ 133,218 | |
WRLD3D, Inc. [Member] | |||
Percentage of investment in subsidiary | 4.90% | ||
Payments for financial interest | $ 1,111,111 | ||
NetSol PK [Member] | |||
Percentage of investment in subsidiary | 12.20% | ||
Payments for financial interest | $ 2,777,778 |
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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://fasb.org/us-gaap/role/ref/legacyRef
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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://fasb.org/us-gaap/role/ref/legacyRef
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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://fasb.org/us-gaap/role/ref/legacyRef
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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://fasb.org/us-gaap/role/ref/legacyRef
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