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v3.19.1

Related Party Transactions (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended |  |
--- | --- | --- | --- | ---
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2019 | Mar. 31, 2018 | Jul. 02, 2018 | Jun. 30, 2018
License, maintenance and services - related party | $ 156,996 | $ 150,373 | $ 494,333 | $ 734,081 |  |
Accounts receivable, related parties | 3,012,133 |  | 3,012,133 |  | $ 3,374,272 | $ 3,374,272
NetSol-Innovation [Member] |  |  |  |  |  |
License, maintenance and services - related party |  | 774,393 | 67,286 | 2,702,906 |  |
Accounts receivable, related parties | 2,348,134 |  | 2,348,134 |  |  | 2,521,533
Investec Asset Finance [Member] |  |  |  |  |  |
License, maintenance and services - related party | 352,108 | $ 464,976 | 743,987 | $ 1,508,867 |  |
Accounts receivable, related parties | $ 142,774 |  | $ 142,774 |  |  | $ 379,521

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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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07.1(c)) -URI http://asc.fasb.org/extlink&oid=116637345&loc=SL114874292-224272 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1(e)) -URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227 + Details
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