Company: NTWK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010127
Chunk: 115

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 115
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consolidated equity.

    Page 31

NETSOL
                                            TECHNOLOGIES, INC.

Notes
to Condensed Consolidated Financial Statements

March
31, 2025

(Unaudited)

During
the nine months ended March 31, 2025, the Company acquired the remaining 177,558 minority shares from the OTOZ 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%.

The
following schedule discloses the effect on 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

    2025  
    2024  
    2025  
    2024 

    For the Three Months  
    For the Nine Months 

    Ended
    March 31,  
    Ended
    March 31, 

    2025  
    2024  
    2025  
    2024 

    Net
    income (loss) attributable to NetSol Transfer to (from) non-controlling interest 
    $1,423,968  
    $327,549  
    $347,721  
    $766,755 
  
    Decrease in paid-in capital
    for purchase of 177,558 shares of OTOZ Inc common stock 
     -  
     -  
     (103,132) 
     - 
  
    Increase
    in paid-in capital for purchase of 2,690,251 shares of common stock of NetSol PK from Open Market 
     29,135  
     -  
     29,135  
     - 
  
    Net transfer to (from)
    non-controlling interest 
     29,135  
     -  
     (73,997) 
     - 
  
    Change
    from net income (loss) attributable to NetSol and transfer (to) from non-controlling interest 
    $1,453,103  
    $327,549  
    $273,724  
    $766,755 

NOTE