Quarterly report pursuant to Section 13 or 15(d)

NON-CONTROLLING INTEREST IN SUBSIDIARY (Tables)

v3.23.1
NON-CONTROLLING INTEREST IN SUBSIDIARY (Tables)
 9 Months Ended
Mar. 31, 2023
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,
2023

  
             
NetSol PK     32.38 %   $ 3,630,559  
NetSol-Innovation     32.38 %     (123,724 )
NAMECET     32.38 %     (3,608 )
NetSol Thai     0.006 %     (197 )
OTOZ Thai     10.95 %     (43,064 )
OTOZ     10.94 %     (156,930 )
Total           $ 3,303,036  

 

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

 

    2023     2022     2023     2022  
    For the Three Months     For the Nine Months  
    Ended March 31,     Ended March 31,  
    2023     2022     2023     2022  
                         
Net income (loss) attributable to NetSol   $ 2,544,623     $ (278,470 )   $ (169,032 )   $ 1,316,284  
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

   $ 2,544,623     $ (278,470 )   $ (48,467 )   $ 1,316,284