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Other Long Term Assets | 9 Months Ended
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Mar. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Other Long Term Assets | NOTE 11 – OTHER LONG-TERM ASSETS
|  |  |  | As of |  |  | As of |
|  |  |  | March 31, 2018 |  |  | June 30, 2017 |
Investment |  | (1) |  | $ | 3,174,314 |  |  | $ | 3,057,020 |
Long Term Security Deposits |  |  |  |  | 105,154 |  |  |  | 154,275 |
Total |  |  |  | $ | 3,279,468 |  |  | $ | 3,211,295 |
| (1) | Investment in WRLD3D – Related party
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, a 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 unearned shares back to WRLD3D. As of March 31, 2018, the investment earned by NetSol PK is $2,597,778. In connection with the investment, the Company and NetSol PK received a warrant to purchase preferred stock of WRLD3D which included the following key terms and features:
| ● | The warrants are exercisable into shares of the “Next Round Preferred”, only if and when the Next Round Preferred is issued by WRLD3D in a “Qualified Financing”.
| ● | The warrants expire on March 2, 2020.
| ● | “Next Round Preferred” is defined as occurring if WRLD3D’s preferred stock (or securities convertible into preferred stock) are issued in a Qualified Financing that occurs after March 2, 2016.
| ● | “Qualified Financing” is defined as financing with total proceeds of at least $2 million.
| ● | The total number of common stock shares to be issued is equal to $1,250,000 divided by the per share price of the Next Round Preferred.
| ● | The exercise price of the warrants is equal to the greater of
|  | a) | 70% of the per share price of the Next Round Preferred sold in a Qualified Financing, or
|  | b) | 25,000,000 divided by the total number of shares of common stock outstanding immediately prior to the Qualified Financing (on a fully-diluted basis, excluding the number of common stock shares issuable upon the exercise of any given warrant).
During the three and nine months ended March 31, 2018, NetSol PK provided services valued at $150,373 and $734,081, respectively. During the three and nine months ended March 31, 2017, NetSol PK provided services valued at $334,963 and $950,471, respectively. This revenue is recorded as services-related party. These services are recorded as accounts receivable until approved by WRLD3D after which the shares are released from restriction. Accounts receivable at March 31, 2018 and June 30, 2017 were $264,052 and $49,646, respectively. Revenues in excess of billing at March 31, 2018 and June 30, 2017 were $153,135 and $80,705, respectively. During the three and nine months ended March 31, 2018, NetSol PK services valued at $48,191 and $601,869, respectively, were released from restriction. During the three and nine months ended March 31, 2017, NetSol PK services valued at $286,449 and $836,070, respectively, were released from restriction. Under the equity method of accounting, the Company recorded its share of net loss of $263,678 and $534,576 for the three and nine months ended March 31, 2018, respectively.

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