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Note 9 - Goodwill
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6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2011
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| 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 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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