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Note 9 - Goodwill | 12 Months Ended
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Jun. 30, 2014
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 prior period businesses combinations. Goodwill was comprised of the following amounts:
|  | As of June 30, 2013 |  |  | Impairment |  |  | As of June 30, 2014 |
NetSol PK |  | $ | 1,166,610 |  |  | $ | - |  |  | $ | 1,166,610 |
NetSol Omni |  |  | 136,762 |  |  |  | (136,762 | ) |  |  | - |
NTE |  |  | 3,471,814 |  |  |  | - |  |  |  | 3,471,814 |
VLS |  |  | 214,044 |  |  |  | - |  |  |  | 214,044 |
NTA |  |  | 4,664,100 |  |  |  | - |  |  |  | 4,664,100 |
Total |  | $ | 9,653,330 |  |  | $ | (136,762 | ) |  | $ | 9,516,568 |
The Company tests for goodwill impairment at each reporting unit. The Company had $136,762 of goodwill related to NetSol Omni, whose assets and business were consolidated into NetSol PK. As such, the goodwill was considered impaired at June 30, 2014 and the Company recorded an impairment of $136,762 which is recorded in general and administrative expenses on the accompanying consolidated statements of operations. There was no goodwill impairment for the year ended June 30, 2013.

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- Definition The entire disclosure for goodwill. + References No definition available. + Details
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