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NON-CONTROLLING INTEREST IN SUBSIDIARY (Tables)
 12 Months Ended
Jun. 30, 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

June 30, 2023

 
         
NetSol PK   32.38%  $3,314,659 
NetSol-Innovation   32.38%   (223,504)
NAMECET   32.38%   (5,384)
NetSol Thai   0.006%   (194)
OTOZ Thai   5.60%   (23,572)
OTOZ   5.59%   (86,952)
Total       $2,975,053 

 

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

The following schedule discloses the effect to the Company’s equity due to the changes in the Company’s ownership interest in NetSol PK and OTOZ.

 

   2023   2022 
   For the Years 
   Ended June 30, 
   2023   2022 
         
Net income (loss) attributable to NetSol  $(5,243,748)  $(851,156)
Transfer (to) from non-controlling interest          
Increase in paid-in capital for issuance of 191,011 shares of OTOZ Inc common stock   120,565    - 
Decrease in paid-in capital for purchase of 191,011 shares of OTOZ Inc common stock   (118,207)   - 
Increase in paid-in capital for purchase of 2,000,000 shares of common stock of NetSol PK from Open Market   -    36,403 
Net transfer (to) from non-controlling interest   2,358    36,403 
Change from net income (loss) attributable to NetSol and transfer (to) from non-controlling interest  $(5,241,390)  $(814,753)