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Non-Controlling Interest in Subsidiary | 12 Months Ended
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Jun. 30, 2021
Noncontrolling Interest [Abstract] |
Non-Controlling Interest in Subsidiary | NOTE 22 – 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:
SUBSIDIARY |  | Non-Controlling Interest % |  |  | Non-Controlling Interest at June 30, 2021 |
NetSol PK |  |  | 33.88 | % |  | $ | 7,101,883 |
NetSol-Innovation |  |  | 33.88 | % |  |  | 136,611 |
NetSol Thai |  |  | 0.006 | % |  |  | (208 | )
OTOZ Thai |  |  | 0.006 | % |  |  | (52 | )
OTOZ |  |  | 5.00 | % |  |  | (22,761 | )
Total |  |  |  |  |  | $ | 7,215,473 |
SUBSIDIARY |  | Non-Controlling Interest % |  |  | Non-Controlling Interest at June 30, 2020 |
NetSol PK |  |  | 33.88 | % |  | $ | 6,361,747 |
NetSol-Innovation |  |  | 33.88 | % |  |  | 128,514 |
NetSol Thai |  |  | 0.006 | % |  |  | (39 | )
OTOZ Thai |  |  | 0.006 | % |  |  | 4 |
OTOZ |  |  | 5.00 | % |  |  | (1,326 | )
Total |  |  |  |  |  | $ | 6,488,900 |
NetSol PK During the year ended June 30, 2020, employees of NetSol PK exercised and 114,000 options of common stock and NetSol PK received cash of $11,261, respectively. Due to the exercise of options, the non-controlling interest increased from 33.80% at June 30, 2019 to 33.88% at June 30, 2020. During the year ended June 30, 2020, NetSol PK paid a cash dividend of $1,610,909. NetSol Innovation During the year ended June 30, 2020, the Company’s subsidiary NetSol PK purchased NetSol Innovation, from 1insurer for $89,425. Due to this purchase, the non-controlling interest decreased from 49.90% at June 30, 2019 to 33.88% at June 30, 2020. During the year ended June 30, 2020, NetSol Innovation paid a cash dividend of $2,778,453.

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- Definition The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -URI http://asc.fasb.org/topic&trid=2197479 + Details
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- References No definition available. + Details
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