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Note 10 - Goodwill
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2013
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| Disclosure Text Block Supplement [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill Disclosure [Text Block] |
NOTE
10 – GOODWILL
Goodwill
represents the excess of the aggregate purchase price over
the fair value of the net assets acquired in prior period
businesses combinations. Goodwill was comprised of the
following amounts:
On
October 4, 2011, the Company entered into an agreement to
acquire a UK based company, Virtual Leasing Services
Limited, through one of its subsidiaries. As a result of
this acquisition, the Company recorded goodwill of
$214,044.
The
Company has determined that there was no impairment of the
goodwill for either period presented.
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