Annual report pursuant to Section 13 and 15(d)

GOODWILL (Tables)

v3.22.2.2
GOODWILL (Tables)
 12 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF GOODWILL ACQUIRED

Goodwill represents the excess of the aggregate purchase price over the fair value of the net assets acquired in prior period business combinations. Goodwill was comprised of the following amounts:

 

    As of           As of  
    June 30, 2021     Impairment     June 30, 2022  
NetSol PK (Asia - Pacific)   $ 1,166,610     $ -     $ 1,166,610  
NTE (Europe)     3,471,814       -       3,471,814  
VLS (Europe)     214,044       (214,044 )     -  
NTA (North America)     4,664,100       -       4,664,100  
Total   $ 9,516,568     $ (214,044 )   $ 9,302,524