NETSOL Technologies, Inc. Annual report pursuant to Section 13 and 15(d)

NON-CONTROLLING INTEREST IN SUBSIDIARY (Tables)

12 Months Ended

Jun. 30, 2023

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 June 30, 2023

NetSol PK		32.38	%	$	3,314,659
NetSol-Innovation		32.38	%		(223,504	)
NAMECET		32.38	%		(5,384	)
NetSol Thai		0.006	%		(194	)
OTOZ Thai		5.60	%		(23,572	)
OTOZ		5.59	%		(86,952	)
Total				$	2,975,053

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

The following schedule discloses the effect to the Company’s equity due to the changes in the Company’s ownership interest in NetSol PK and OTOZ.

	2023			2022
	For the Years
	Ended June 30,
	2023			2022

Net income (loss) attributable to NetSol	$	(5,243,748	)	$	(851,156	)
Transfer (to) from non-controlling interest
Increase in paid-in capital for issuance of 191,011 shares of OTOZ Inc common stock		120,565			-
Decrease in paid-in capital for purchase of 191,011 shares of OTOZ Inc common stock		(118,207	)		-
Increase in paid-in capital for purchase of 2,000,000 shares of common stock of NetSol PK from Open Market		-			36,403
Net transfer (to) from non-controlling interest		2,358			36,403
Change from net income (loss) attributable to NetSol and transfer (to) from non-controlling interest	$	(5,241,390	)	$	(814,753	)