Quarterly report pursuant to Section 13 or 15(d)

Note 9 - Goodwill

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Note 9 - Goodwill
 3 Months Ended
Sep. 30, 2011
Goodwill Disclosure [Text Block]
NOTE 9 – 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:

   
As of September 30,
   
As of June 30,
 
   
2011
   
2011
 
 Asia Pacific
  $ 1,303,372     $ 1,303,372  
 Europe
    3,471,813       3,471,813  
 North America
    4,664,100       4,664,100  
     Total
  $ 9,439,285     $ 9,439,285  

There was no impairment of the goodwill for the periods ended September 30, 2011 and June 30, 2011.