Quarterly report pursuant to Section 13 or 15(d)

NON-CONTROLLING INTEREST IN SUBSIDIARY (Tables)

v3.22.4
NON-CONTROLLING INTEREST IN SUBSIDIARY (Tables)
 6 Months Ended
Dec. 31, 2022
Noncontrolling Interest [Abstract]  
SCHEDULE OF BALANCE OF NON-CONTROLLING INTEREST

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

December 31, 2022

  
             
NetSol PK     32.38 %   $ 4,341,047  
NetSol-Innovation     32.38 %     (82,773 )
NetSol Thai     0.006 %     (200 )
Otoz Thai     10.95 %     (46,963 )
Otoz     10.94 %     (158,655 )
Total           $ 4,052,456  

 

SUBSIDIARY    

Non-Controlling

Interest %

      

Non-Controlling Interest at

June 30, 2022

  
                 
NetSol PK     32.38 %   $ 5,479,905  
NetSol-Innovation     32.38 %     49,146  
NetSol Thai     0.006 %     (196 )
Otoz Thai     5.60 %     (30,768 )
Otoz     5.59 %     (47,698 )
Total           $ 5,450,389  
SCHEDULE OF CHANGE IN OWNERSHIP INTEREST

 

    2022     2021     2022     2021  
    For the Three Months     For the Six Months  
    Ended December 31,     Ended December 31,  
    2022     2021     2022     2021  
                         
Net income (loss) attributable to NetSol   $ (2,092,926 )   $ 1,406,785     $ (2,713,655 )   $ 1,594,754  
Transfer (to) from non-controlling interest                                
Increase in paid-in capital for issuance of 191,011 shares of Otoz, Inc. common stock     -       -       120,565       -  
Net transfer (to) from non-controlling interest     -       -       120,565       -  
Change from net income (loss) attributable to NetSol and transfer (to) from non-controlling interest   $ (2,092,926 )   $ 1,406,785     $ (2,593,090 )   $ 1,594,754