Quarterly report [Sections 13 or 15(d)]

NON-CONTROLLING INTEREST IN SUBSIDIARY (Tables)

v3.25.1
NON-CONTROLLING INTEREST IN SUBSIDIARY (Tables)
9 Months Ended
Mar. 31, 2025
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

March 31, 2025

 
             
NetSol PK     30.24 %   $ 3,971,577  
NetSol Innovation     30.24 %     (579,525 )
NAMECET     30.24 %     49,826  
NetSol Thai     0.006 %     (163 )
OTOZ Thai     0.01 %     18  
OTOZ     0.00 %     -  
Total           $ 3,441,733  

 

SUBSIDIARY  

Non-Controlling

Interest %

   

Non-Controlling

Interest at

June 30, 2024

 
             
NetSol PK     32.38 %   $ 4,679,101  
NetSol Innovation     32.38 %     137,232  
NAMECET     32.38 %     (21,014 )
NetSol Thai     0.006 %     (163 )
OTOZ Thai     5.60 %     (17,483 )
OTOZ     5.59 %     (83,255 )
Total           $ 4,694,418  
SCHEDULE OF CHANGE IN OWNERSHIP INTEREST

The following schedule discloses the effect on the Company’s equity due to the changes in the Company’s ownership interest in Otoz® and Otoz® Thai.

 

    2025     2024     2025     2024  
    For the Three Months     For the Nine Months  
    Ended March 31,     Ended March 31,  
    2025     2024     2025     2024  
                         
Net income (loss) attributable to NetSol Transfer to (from) non-controlling interest   $ 1,423,968     $ 327,549     $ 347,721     $ 766,755  
Decrease in paid-in capital for purchase of 177,558 shares of OTOZ Inc common stock     -       -       (103,132 )     -  
Increase in paid-in capital for purchase of 2,690,251 shares of common stock of NetSol PK from Open Market     29,135       -       29,135       -  
Net transfer to (from) non-controlling interest     29,135       -       (73,997 )     -  
Change from net income (loss) attributable to NetSol and transfer (to) from non-controlling interest   $ 1,453,103     $ 327,549     $ 273,724     $ 766,755