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Non-controlling Interest in Subsidiary | 9 Months Ended
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Mar. 31, 2018
Noncontrolling Interest [Abstract] |
Non-controlling Interest in Subsidiary | NOTE 20 – 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 March 31, 2018 |
NetSol PK |  |  | 33.79 | % |  | $ | 13,181,663 |
NetSol-Innovation |  |  | 49.90 | % |  |  | 1,850,342 |
VLS, VLSH & VLSIL Combined |  |  | 49.00 | % |  |  | 534,232 |
NetSol Thai |  |  | 0.006 | % |  |  | (76 | )
Total |  |  |  |  |  | $ | 15,566,161 |
SUBSIDIARY |  | Non-Controlling Interest % |  |  | Non-Controlling Interest at June 30, 2017 |
NetSol PK |  |  | 33.80 | % |  | $ | 12,887,938 |
NetSol-Innovation |  |  | 49.90 | % |  |  | 1,599,734 |
VLS, VLHS & VLSIL Combined |  |  | 49.00 | % |  |  | 311,502 |
NetSol Thai |  |  | 0.006 | % |  |  | (92 | )
Total |  |  |  |  |  | $ | 14,799,082 |
NetSol PK During the nine months ended March 31, 2018, employees of NetSol PK exercised 67,000 options of common stock and NetSol PK received cash of $10,349. The Company purchased 55,500 shares of common stock of NetSol PK from the open market for $33,987. Due to the exercise of options and the shares purchase, the non-controlling interest decreased from 33.80% to 33.79%. During the nine months ended March 31, 2018, NetSol PK paid a cash dividend of $1,234,991.

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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 810 -URI http://asc.fasb.org/topic&trid=2197479 + Details
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- References No definition available. + Details
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