XML 50 R39.htm IDEA: XBRL DOCUMENT 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