Quarterly report pursuant to Section 13 or 15(d)

NON-CONTROLLING INTEREST IN SUBSIDIARY (Tables)

v3.22.2.2
NON-CONTROLLING INTEREST IN SUBSIDIARY (Tables)
 3 Months Ended
Sep. 30, 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
September 30, 2022		  
             
NetSol PK     32.38 %   $ 4,474,385  
NetSol-Innovation     32.38 %     (10,332 )
NetSol Thai     0.006 %     (184 )
OTOZ Thai     10.95 %     (19,803 )
OTOZ     10.94 %     (164,953 )
Total           $ 4,279,113  

 

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

 

      1       2  
    For the Three Months  
    Ended September 30,  
    2022     2021  
             
 Net income (loss) attributable to NetSol   $ (620,729 )   $ 187,969  
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   $ (500,164 )   $ 187,969