Company: NTWK
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0001493152-25-006348
Chunk: 44

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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 $271,948 
  
    Income tax expense 
    $331,614  
    $150,053  
    $561,431  
    $271,948 

    Page 29

NETSOL
TECHNOLOGIES, INC. 

Notes
to Condensed Consolidated Financial Statements 

December
31, 2024 

(Unaudited)

The following table presents
a summary of capital expenditures for the six months ended December 31:

SUMMARY OF CAPITAL EXPENDITURES 

    2024  
    2023 

    For the Six Months 

    Ended December 31, 

    2024  
    2023 
  
    Capital expenditures: 

    North America 
    $3,841  
    $- 
  
    Europe 
     56,204  
     417,104 
  
    Asia - Pacific 
     508,089  
     153,480 
  
    Consolidated 
    $568,134  
    $570,584 
  
    Capital expenditures 
    $568,134  
    $570,584 

NOTE 16 – 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:

SCHEDULE OF BALANCE OF NON-CONTROLLING INTEREST 

    SUBSIDIARY 
    Non-Controlling Interest %  
    Non-Controlling Interest
    at December 31, 2024 

    NetSol PK 
     32.38% 
    $5,163,259 
  
    NetSol-Innovation 
     32.38% 
     (538,843)
  
    NAMECET 
     32.38% 
     (31,713)
  
    NetSol Thai 
     0.006% 
     (169)
  
    OTOZ Thai 
     0.01% 
     20 
  
    OTOZ 
     0.00% 
     - 
  
    Total 
        
    $4,592,554 

    SUBSIDIARY 
    Non-Controlling Interest %  
    Non-Controlling Interest at June 30, 2024 

    NetSol PK 
     32.38% 
    $4,