Company: NTWK
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0001493152-25-006348
Chunk: 45

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 1
Chunk 45
---
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 

During
the six months ended December 31, 2024, the Company acquired the remaining 177,558 minority shares from the non-controlling shareholders
for $8,878. As a result, the Company’s ownership interest increased, reducing the non-controlling interest from 5.59% to 0.0%.
The effective non-controlling interest in Otoz® Thai decreased to 0.01%.

    Page 30

NETSOL
TECHNOLOGIES, INC. 

Notes
to Condensed Consolidated Financial Statements 

December
31, 2024 

(Unaudited)

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.

SCHEDULE OF CHANGE IN OWNERSHIP INTEREST

    2024  
    2023  
    2024  
    2023 

    For the Three Months
Ended December 31,  
    For the Six Months
Ended December 31, 

    2024  
    2023  
    2024  
    2023 

    Net income (loss) attributable to NetSol  
    $(1,147,042) 
    $408,316  
    $(1,076,247) 
    $439,206 
  
    Transfer to (from) non-controlling interest  

    Decrease in paid-in capital for purchase of 177,558 shares of OTOZ Inc common stock 
     (31,004) 
        
     (166,123) 
     - 
  
    Net transfer to (from) non-controlling interest 
     (31,004) 
     -  
     (166,123) 
     -