NON-CONTROLLING INTEREST IN SUBSIDIARY |
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| Noncontrolling Interest [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NON-CONTROLLING INTEREST IN SUBSIDIARY |
NOTE 16 – NON-CONTROLLING INTEREST IN SUBSIDIARY
The Company had non-controlling interests in several of its subsidiaries. The balance of non-controlling interest was as follows:
During the quarter ended September 30, 2025, employees of NetSol PK, a majority-owned subsidiary of the Company, exercised stock options to purchase an aggregate of shares of the subsidiary’s common stock for total proceeds of $76,567. Of this amount, $64,147 was received during the quarter ended September 30, 2025, and $12,420 was received during the fiscal year ended June 30, 2025. Due to this exercise, the non-controlling interest in NetSol PK, NetSol Innovation, NAMECET and NIAI, increased from 30.24% at June 30, 2025 to 30.47% at September 30, 2025. The carrying amount of the non-controlling interest was increased by $115,283, and the difference of $38,716 was recognized as a decrease in additional paid-in capital in the Company’s consolidated equity.
The following schedule discloses the effect on the Company’s equity due to the changes in the Company’s ownership interest.
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