XML 69 R14.htm IDEA: XBRL DOCUMENT v2.4.0.8
7. GOODWILL
9 Months Ended
Mar. 31, 2014
Notes to Financial Statements  
GOODWILL

NOTE 7 – GOODWILL

 

 

The Company acquired ZBB Technologies, Inc., a former wholly-owned subsidiary, through a series of transactions in March 1996.  ZBB Technologies Inc. was subsequently merged with and into ZBB Energy Corporation on January 1, 2012.  The goodwill amount of $1.134 million, the difference between the price paid for ZBB Technologies, Inc. and the net assets of the acquisition, amortized through fiscal 2002, resulted in the net goodwill amount of $803,079 as of March 31, 2014 and June 30, 2013.