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Note 3 - Acquisition | 12 Months Ended
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Jun. 30, 2013
Business Combinations [Abstract] |
Business Combination Disclosure [Text Block] | NOTE 3 – ACQUISITION On October 4, 2011, NTE, a wholly owned subsidiary of the Company, entered into an agreement with Investec Asset Finance PLC (“Investec”) a UK corporation, in which the Company obtained a 51% controlling interest in a newly-formed entity, Virtual Lease Services Holdings Limited (“VLSH”), which in turn acquired a 100% interest in Virtual Lease Services Limited (“VLS”). The purchase price paid in this transaction was entirely in the form of cash in the amount of $1,008,859. At the time of acquisition the fair value of assets and liabilities acquired were as follows:
Cash |  | $ | 755,667 |
Accounts Receivable |  |  | 469,970 |
Fixed Assets |  |  | 200,579 |
Customer List |  |  | 248,320 |
Technology |  |  | 242,702 |
Liabilities |  |  | (330,071 | )
Noncontrolling interest |  |  | (792,351 | )
Net Assets Acquired |  |  | 794,815 |
Proceeds |  |  | 1,008,859 |
Goodwill |  | $ | 214,044 |
The acquisition of VLS is in alignment with the Company’s strategic plans and contributes to the continued expansion into technology markets through membership and practice acquisitions.

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