Annual report pursuant to Section 13 and 15(d)

Other Long Term Assets (Tables)

Other Long Term Assets (Tables)
12 Months Ended
Jun. 30, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Other Long Term Assets

          As of June 30,     As of June 30,  
          2017     2016  
Investment     (1)     $ 3,057,020     $ 720,350  
Long Term Security Deposits             154,275       122,203  
Total           $ 3,211,295     $ 842,553  




On March 2, 2016, the Company purchased a 4.9% interest in WRLD3D, a non-public company, for $1,111,111. The Company paid $555,556 at the initial closing and $555,555 on September 1, 2016. NetSol PK, the subsidiary of the Company, purchased a 12.2% investment in WRLD3D, for $2,777,778 which will be earned over future periods by providing IT and enterprise software solutions. Per the agreement, NetSol PK is to provide a minimum of $200,000 of services in each three-month period and the entire balance is required to be provided within three years of the date of the agreement. If NetSol PK fails to provide the future services, it may be required to forfeit the shares back to WRLD3D. As of June 30, 2017, the investment earned is $1,945,909.