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Note 17 - Non-Controlling Interest In Subsidiary | 3 Months Ended
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Sep. 30, 2013
Noncontrolling Interest [Abstract] |
Noncontrolling Interest Disclosure [Text Block] | NOTE 17 – NON-CONTROLLING INTEREST IN SUBSIDIARY The Company had non-controlling interests in several of its subsidiaries. The balance of non-controlling interest was as follows:
SUBSIDIARY |  | Non Controlling Interest % |  |  | Non-Controlling Interest at September 30, 2013 |
NetSol PK |  |  | 35.77 | % |  | $ | 15,062,396 |
NetSol-Innovation |  |  | 49.90 | % |  |  | 1,341,402 |
VLS |  |  | 49.00 | % |  |  | 454,162 |
Vroozi |  |  | 9.09 | % |  |  | 3,216 |
Total |  |  |  |  |  | $ | 16,861,176 |
SUBSIDIARY |  | Non Controlling Interest % |  |  | Non-Controlling Interest at June 30, 2013 |
NetSol PK |  |  | 34.81 | % |  | $ | 15,593,585 |
NetSol-Innovation |  |  | 49.90 | % |  |  | 1,161,649 |
VLS |  |  | 49.00 | % |  |  | 481,121 |
Vroozi |  |  | 9.09 | % |  |  | 34,908 |
Total |  |  |  |  |  | $ | 17,271,263 |
(A) NETSOL TECHNOLOGIES, LIMITED NetSol PK is majority owned by the Company. For the three months ended September 30, 2013 and 2012, NetSol PK had net income of $1,286,605 and $606,090, respectively. The related non-controlling interest was $460,219 and $239,284, respectively. For the same period the Comprehensive loss attributable to non-controlling interest was $1,167,688, and $237,743, respectively. Employees of the company also exercised options to acquire 1,174,000 shares of the subsidiary valued at $176,280. (B) NETSOL INNOVATION (PRIVATE) LIMITED For the three months ended September 30, 2013 and 2012, NetSol Innovation had net income of $501,344 and $256,535. The related non-controlling interest was $250,171 and $128,011, respectively. For the same period the Comprehensive loss attributable to non-controlling interest was $70,418 and $12,356 respectively. (C) VIRTUAL LEASE SERVICES For the three months ended September 30, 2013 and 2012, VLS had a net loss of $90,879 and $64,620. The related, non-controlling interest was $44,531 and $31,664, respectively. For the same period the comprehensive income attributable to non-controlling interest was $17,572 and $17,543 respectively. (D) VROOZI®, INC. During the quarter ended March 31, 2013, the subsidiary company issued shares worth of $100,000 to one employee against his services. As a result, the status of the subsidiary has been changed from wholly owned subsidiary to majority owned subsidiary. For the three months ended September 30, 2013 Vroozi® had a net loss of $348,648, of which $31,692 has been recorded as non-controlling interest.

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- Definition The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=18733093&loc=SL4573702-111684 + Details
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