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Note 14 - Other Payable and Common Stoce To Be Issued
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12 Months Ended |
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Jun. 30, 2013
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| Other Payable And Common Stock To Be Issued [Abstract] | |
| Other Payable And Common Stock To Be Issued |
NOTE
14 – OTHER PAYABLE AND COMMON STOCK TO BE
ISSUED
On
June 30, 2006, the Company acquired McCue Systems, Inc.
(“McCue”), a California corporation
(subsequently renamed as NetSol Technologies North America,
Inc.) The total purchase price was $7,080,385, including
$3,784,635 of cash and 171,233 shares of the
Company’s common stock. Of the total purchase price,
the accompanying consolidated financial statements include
certain amounts payable to McCue shareholders that have not
been located as of the date of this report.
As
of the years ended June 30, 2013 and June 30, 2012, the
remaining cash due of $103,226 is shown as “Other
Payable” and the remaining stock to be issued of
4,670 shares at an average price of $18.90 is shown in
“Common stock to be issued” in the accompanying
consolidated financial statements.
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- Definition
Other Payable And Common Stock To Be Issued No definition available.
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- Details
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