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

 

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 
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.

 

   2024   2023 
   For the Years 
   Ended June 30, 
   2024   2023 
         
Net income (loss) attributable to NetSol  $536,141   $(5,243,748)
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   -    - 
Net transfer (to) from non-controlling interest   -    2,358 
Change from net income (loss) attributable to NetSol and transfer (to) from non-controlling interest  $536,141   $(5,241,390)