Quarterly report pursuant to Section 13 or 15(d)

NON-CONTROLLING INTEREST IN SUBSIDIARY (Tables)

v3.24.3
NON-CONTROLLING INTEREST IN SUBSIDIARY (Tables)
 3 Months Ended
Sep. 30, 2024
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, 2024

  
             
NetSol PK     32.38 %   $ 5,498,409  
NetSol-Innovation     32.38 %     (486,522 )
NAMECET     32.38 %     (26,026 )
NetSol Thai     0.006 %     (178 )
OTOZ Thai     0.66 %     90,905  
OTOZ     0.65 %     (58,913 )
Total           $ 5,017,675  

 

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 to the Company’s equity due to the changes in the Company’s ownership interest in Otoz® and Otoz® Thai.

 

             
   

For the Three Months

Ended September 30,

  
    2024     2023  
             
Net income (loss) attributable to NetSol   $ 70,795     $ 30,890  
Transfer (to) from non-controlling interest                
Decrease in paid-in capital for purchase of 157,895 shares of OTOZ Inc common stock     (135,119 )        
Net transfer (to) from non-controlling interest     (135,119 )     -  
Change from net income (loss) attributable to NetSol and transfer (to) from non-controlling interest   $ (64,324 )   $ 30,890