Quarterly report pursuant to Section 13 or 15(d)

Note 9 - Goodwill

v2.4.0.8
Note 9 - Goodwill
 6 Months Ended
Dec. 31, 2013
Disclosure Text Block Supplement [Abstract]  
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:

   
As of December 31,
2013
   
As of June 30,
2013
 
 Asia Pacific
  $ 1,303,372     $ 1,303,372  
 Europe
    3,685,858       3,685,858  
 USA
    4,664,100       4,664,100  
     Total
  $ 9,653,330     $ 9,653,330  
                 

The Company has determined that there was no impairment of the goodwill for either period presented.