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Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Jun. 30, 2012	Aug. 31, 2012	Dec. 30, 2011
Document and Entity Information [Abstract]
Entity Registrant Name	USA TECHNOLOGIES INC
Entity Central Index Key	0000896429
Trading Symbol	usat
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-Known Seasoned Issuer	Yes
Current Fiscal Year End Date	--06-30
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		32,687,890
Entity Public Float			$ 35,758,545
Document Type	10-K
Document Period End Date	Jun. 30, 2012
Amendment Flag	false
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	FY

Consolidated Balance Sheets - USD ($)	Jun. 30, 2012	Jun. 30, 2011
Current assets:
Cash and cash equivalents	$ 6,426,645	$ 12,991,511
Accounts receivable, less allowance for uncollectible accounts of $25,000 and $113,000, respectively	2,441,941	1,634,719
Finance receivables	206,649	285,786
Inventory	2,511,748	2,670,332
Prepaid expenses and other current assets	555,823	846,033
Total current assets	12,142,806	18,428,381
Finance receivables, less current portion	336,198	195,601
Property and equipment, net	11,800,108	7,395,775
Intangibles, net	1,196,453	2,194,353
Goodwill	7,663,208	7,663,208
Other assets	80,884	126,687
Total assets	33,219,657	36,004,005
Current liabilities:
Accounts payable	6,136,443	5,638,361
Accrued expenses	3,342,456	1,088,090
Current obligations under long-term debt	466,056	155,428
Total current liabilities	9,944,955	6,881,879
Long-term liabilities:
Long-term debt, less current portion	262,274	97,633
Accrued expenses, less current portion	426,241	166,709
Deferred tax liabilities	12,599
Warrant liabilities, non-current	918,566	2,732,253
Total long-term liabilities	1,619,680	2,996,595
Total liabilities	11,564,635	9,878,474
Commitments and contingencies (Note 15)
Shareholders' equity:
Preferred stock, no par value: Authorized shares- 1,800,000 Series A convertible preferred- Authorized shares- 900,000 Issued and outstanding shares- 442,968 (liquidation preference of $15,361,552 and $14,697,100, respectively)	3,138,056	3,138,056
Common stock, no par value: Authorized shares- 640,000,000 Issued and outstanding shares- 32,510,069 and 32,281,140, respectively	220,513,327	219,772,598
Accumulated deficit	(201,996,361)	(196,785,123)
Total shareholders' equity	21,655,022	26,125,531
Total liabilities and shareholders' equity	$ 33,219,657	$ 36,004,005

Consolidated Balance Sheets (Parentheticals) - USD ($)	Jun. 30, 2012	Jun. 30, 2011
Allowance for uncollectible accounts receivable (in dollars)	$ 25,000	$ 113,000
Preferred stock, no par value (in dollars per share)
Preferred stock, shares authorized	1,800,000	1,800,000
Common stock, no par value (in dollars per share)
Common stock, shares authorized	640,000,000	640,000,000
Common stock, shares issued	32,510,069	32,281,140
Common stock, shares outstanding	32,510,069	32,281,140
Series A Convertible Preferred Stock
Preferred stock, shares authorized	900,000	900,000
Preferred stock, shares issued	442,968	442,968
Preferred stock, shares outstanding	442,968	442,968
Preferred stock, liquidation preference value (in dollars)	$ 15,361,552	$ 14,697,100

Consolidated Statements of Operations - USD ($)	12 Months Ended
Consolidated Statements of Operations - USD ($)	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Revenues:
License and transaction fees	$ 23,370,754	$ 16,442,485	$ 9,307,100
Equipment sales	5,646,489	6,426,304	6,464,006
Total revenues	29,017,243	22,868,789	15,771,106
Cost of services	15,312,966	11,651,138	6,861,642
Cost of equipment	3,743,226	3,468,993	4,049,433
Gross profit	9,961,051	7,748,658	4,860,031
Operating expenses:
Selling, general and administrative	15,460,668	11,430,610	14,885,685
Depreciation and amortization	1,500,775	1,424,365	1,570,043
Impairment of intangible asset		581,900
Total operating expenses	16,961,443	13,436,875	16,455,728
Operating loss	(7,000,392)	(5,688,217)	(11,595,697)
Other income (expense):
Interest income	72,059	82,234	85,144
Interest expense	(83,993)	(35,953)	(60,942)
Change in fair value of warrant liabilities	1,813,687	(815,131)
Total other income (expense), net	1,801,753	(768,850)	24,202
Loss before provision for income taxes	(5,198,639)	(6,457,067)	(11,571,495)
Provision for income taxes	(12,599)
Net loss	(5,211,238)	(6,457,067)	(11,571,495)
Cumulative preferred dividends	(664,452)	(665,577)	(735,139)
Loss applicable to common shares	$ (5,875,690)	$ (7,122,644)	$ (12,306,634)
Loss per common share (basic and diluted) (in dollars per share)	$ (0.18)	$ (0.26)	$ (0.55)
Weighted average number of common shares outstanding (basic and diluted) (in shares)	32,423,987	27,665,345	22,370,068

Consolidated Statements of Shareholders' Equity - USD ($)	Series A Convertible Preferred Stock	Common Stock	Accumulated Deficit	Total
Balance at Jun. 30, 2009	$ 3,614,554	$ 194,948,693	$ (178,590,975)	$ 19,972,272
Balance (in shares) at Jun. 30, 2009	510,270	15,423,022
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock at $2.00 per share, less issuance costs of $1,613,425		$ 12,958,159		12,958,159
Issuance of common stock at $2.00 per share, less issuance costs of $1,613,425 (in shares)		7,285,792
Issuance of common stock at $0.90 per share less issuance cost		$ 1,974,014		1,974,014
Issuance of common stock at $0.90 per share less issuance cost (in shares)		2,753,454
Issuance of fully-vested shares of common stock to officers and employees and vesting of shares granted under the 2008 Stock Incentive Plan		$ 87,354		87,354
Issuance of fully-vested shares of common stock to officers and employees and vesting of shares granted under the 2008 Stock Incentive Plan (in shares)		40,000
Retirement of common stock		$ (9,668)		(9,668)
Retirement of common stock (in shares)		(5,113)
Retirement of preferred stock	$ (465,878)		(132,586)	(598,464)
Retirement of preferred stock (in shares)	(65,802)
Net loss			(11,571,495)	(11,571,495)
Balance at Jun. 30, 2010	$ 3,148,676	$ 209,958,552	(190,295,056)	22,812,172
Balance (in shares) at Jun. 30, 2010	444,468	25,497,155
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock at $0.90 per share less issuance cost		$ 5,671		5,671
Issuance of common stock at $0.90 per share less issuance cost (in shares)		261,953
Issuance of common stock to Lincoln Park Capital
Issuance of common stock to Lincoln Park Capital (in shares)		150,000
Issuance of common stock at $2.064 per share less the fair value of warrants issued of $1,917,122 and less cash issuance costs of $838,705		$ 7,976,973		7,976,973
Issuance of common stock at $2.064 per share less the fair value of warrants issued of $1,917,122 and less cash issuance costs of $838,705 (in shares)		5,200,000
Exercise of warrants at $2.20 resulting in the issuance of common stock		$ 827,981		827,981
Exercise of warrants at $2.20 resulting in the issuance of common stock (in shares)		376,355
Exercise of warrants at $1.13 resulting in the issuance of common stock		$ 562,025		562,025
Exercise of warrants at $1.13 resulting in the issuance of common stock (in shares)		497,367
Cashless exercise of warrants resulting in the issuance of common stock
Cashless exercise of warrants resulting in the issuance of common stock (in shares)		83,472
Conversion of preferred stock into common stock	$ (10,620)	$ 10,620
Conversion of preferred stock into common stock (in shares)	(1,500)	15
Conversion of preferred dividends into common stock		$ 33,000	(33,000)
Conversion of preferred dividends into common stock (in shares)		33
Issuance of fully-vested shares of common stock to officers and employees and vesting of shares granted under the 2008 Stock Incentive Plan		$ 10,208		10,208
Issuance of fully-vested shares of common stock to officers and employees and vesting of shares granted under the 2008 Stock Incentive Plan (in shares)		20,747
Issuance of fully-vested shares of common stock to employees and directors and vesting of shares granted under the 2010 Stock Incentive Plan		$ 292,263		292,263
Issuance of fully-vested shares of common stock to employees and directors and vesting of shares granted under the 2010 Stock Incentive Plan (in shares)		109,918
Issuance of common stock for settlement of the Long-Term Equity Incentive Program for Fiscal Year 2010		$ 97,566		97,566
Issuance of common stock for settlement of the Long-Term Equity Incentive Program for Fiscal Year 2010 (in shares)		86,342
Retirement of common stock		$ (2,261)		(2,261)
Retirement of common stock (in shares)		(2,217)
Net loss			(6,457,067)	(6,457,067)
Balance at Jun. 30, 2011	$ 3,138,056	$ 219,772,598	(196,785,123)	26,125,531
Balance (in shares) at Jun. 30, 2011	442,968	32,281,140
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of warrants at $2.20 resulting in the issuance of common stock		$ 10,010		10,010
Exercise of warrants at $2.20 resulting in the issuance of common stock (in shares)		4,550
Cashless exercise of warrants resulting in the issuance of common stock
Cashless exercise of warrants resulting in the issuance of common stock (in shares)		990
Issuance of fully-vested shares of common stock to employees and directors and vesting of shares granted under the 2010 Stock Incentive Plan		$ 248,851		248,851
Issuance of fully-vested shares of common stock to employees and directors and vesting of shares granted under the 2010 Stock Incentive Plan (in shares)		120,472
Issuance of fully-vested shares of common stock to employees and directors and vesting of shares under the 2011 Stock Incentive Plan		$ 335,636		335,636
Issuance of fully-vested shares of common stock to employees and directors and vesting of shares under the 2011 Stock Incentive Plan (in shares)		141,666
Vesting of shares under the 2012 stock incentive plan		$ 197,613		197,613
Retirement of common stock		$ (51,381)		(51,381)
Retirement of common stock (in shares)		(38,749)
Net loss			(5,211,238)	(5,211,238)
Balance at Jun. 30, 2012	$ 3,138,056	$ 220,513,327	$ (201,996,361)	$ 21,655,022
Balance (in shares) at Jun. 30, 2012	442,968	32,510,069

Consolidated Statements of Shareholders' Equity (Parentheticals) - USD ($)	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Statement Of Stockholders Equity [Abstract]
Issuance of common stock per share, less issuance costs		$ 0.90	$ 2.00
Issuance cost of common stock		$ 230,087	$ 1,613,425
Issuance of common stock per share		$ 2.064	$ 0.90
Issuance cost of common stock		$ 838,705	$ 504,095
Fair value of warrants issued		$ 1,917,122
Number of warrants exercised	4,550	376,355
Exercise price of warrants	$ 2.20	$ 2.2
Exercise of warrants at $1.13 in the issuance of common stock		497,367
Par value exercise of 497,367 warrants		$ 1.13
Cashless exercise of warrants resulting in the issuance of common stock	2,767	127,497
Conversion of preferred stock into common stock		$ 33,000

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
OPERATING ACTIVITIES:
Net loss	$ (5,211,238)	$ (6,457,067)	$ (11,571,495)
Adjustments to reconcile net loss to net cash used in operating activities:
Charges incurred in connection with the vesting and issuance of common stock for employee and director compensation	782,100	302,471	87,354
Charges incurred in connection with the Long-term Equity Incentive Plan		54,395	43,171
Charges incurred (reduced) for change in fair value of warrants	(1,813,687)	815,131
Loss on disposal of property and equipment	134,350	116,828	25,059
Depreciation, $1,940,179, $1,164,013, and $247,772, respectively, of which is allocated to cost of services	2,443,054	1,553,978	783,415
Amortization	997,900	1,034,400	1,034,400
Impairment of intangible asset		581,900
Bad debt expense (recovery)	(48,270)	92,025	(506)
Provision for deferred tax liability	12,599
Changes in operating assets and liabilities:
Accounts receivable	(758,952)	321,677	(579,863)
Finance receivables	(61,460)	100,406	(247,241)
Inventory	158,584	(36,361)	(962,745)
Prepaid expenses and other assets	431,276	115,756	337,672
Accounts payable	498,082	1,067,631	776,039
Accrued expenses	2,513,898	(571,397)	432,840
Net cash provided by (used in) operating activities	78,236	(908,227)	(9,841,900)
INVESTING ACTIVITIES:
Purchase of property and equipment	(478,144)	(291,390)	(520,835)
Purchase of property for rental program, net	(5,754,670)	(4,263,302)	(2,505,282)
Net cash used in investing activities	(6,232,814)	(4,554,692)	(3,026,117)
FINANCING ACTIVITIES:
Net proceeds from the issuance (payments for retirement) of common stock	(41,371)	11,287,511	14,922,505
Payments for retirement of preferred stock			(598,464)
Proceeds from the issuance of long-term debt			7,500
Repayment of long-term debt	(368,917)	(437,405)	(607,462)
Net cash provided by (used in) financing activities	(410,288)	10,850,106	13,724,079
Net increase (decrease) in cash and cash equivalents	(6,564,866)	5,387,187	856,062
Cash and cash equivalents at beginning of year	12,991,511	7,604,324	6,748,262
Cash and cash equivalents at end of year	6,426,645	12,991,511	7,604,324
Supplemental disclosures of cash flow information:
Cash paid for interest	38,891	37,962	63,883
Non-cash investing & financing activities:
Equipment and software acquired under capital lease	495,955		17,337
Equipment and software financed with long-term debt	252,968		195,000
Conversion of convertible preferred stock to common stock		(10,620)
Conversion of cumulative preferred dividends to common stock		(33,000)
Prepaid insurance financed with long-term debt	95,263	94,311
Disposal of property and equipment	$ 652,093	283,802	$ 581,124
Fair value of warrants at issuance		$ 1,917,122

Consolidated Statements of Cash Flows (Parentheticals) - USD ($)	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Statement Of Cash Flows [Abstract]
Allocated to cost of services, depreciation (in dollars)	$ 1,940,179	$ 1,164,013	$ 247,772

BUSINESS	12 Months Ended
BUSINESS	Jun. 30, 2012
Organization, Consolidation and Presentation Of Financial Statements [Abstract]
BUSINESS	1. BUSINESS USA Technologies, Inc. (the “Company”, “We” or “Our”), incorporated in the Commonwealth of Pennsylvania in January 1992, provides wireless networking, cashless transactions, asset monitoring and other value-added services principally to the small ticket unattended retail markets. Our ePort® technology can be installed and/or embedded into everyday devices such as vending machines, kiosks, as well as our eSuds™ technology for washer and dryers. Our associated network service, ePort Connect®, is a comprehensive service that provides wireless connectivity that facilitates electronic payment options as well as telemetry and machine-to-machine (“M2M”) services, including the ability to remotely monitor, control and report on the results of distributed assets containing our electronic payment solutions. In addition, the Company provides energy management products, such as its VendingMiser® and CoolerMiser™, which reduce energy consumption in vending machines and coolers. The Company has incurred losses from its inception through June 30, 2012. Although the Company anticipates nearing profitability during the 2013 fiscal year, profitability is not assured. The Company’s ability to meet its future obligations is dependent upon the success of its products and services in the marketplace and the available capital resources. Until the Company’s products and services can generate sufficient annual revenues, the Company will be required to use its cash and cash equivalents on hand, and its line of credit (see Note 16); and, may raise capital to meet its cash flow requirements including the issuance of Common Stock and the exercise of outstanding Common Stock warrants.

- Definition

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

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+ Details

ACCOUNTING POLICIES	12 Months Ended
ACCOUNTING POLICIES	Jun. 30, 2012
Organization, Consolidation, Basis Of Presentation, Business Description and Accounting Policies [Abstract]
ACCOUNTING POLICIES	2. ACCOUNTING POLICIES CONSOLIDATION The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Stitch Networks Corporation (“Stitch”) and USAT Capital Corp LLC (“USAT Capital”). All significant intercompany accounts and transactions have been eliminated in consolidation. USE OF ESTIMATES The preparation of the financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. RECLASSIFICATION Certain amounts in prior period financial statements have been reclassified to conform to the current period presentation. CASH EQUIVALENTS Cash equivalents represent all highly liquid investments with original maturities of three months or less. Cash equivalents are comprised of money market funds. The Company maintains its cash in bank deposit accounts, which may exceed federally insured limits at times. Included in cash and cash equivalents at June 30, 2012 and 2011 was approximately $0 and $410,000, respectively, of cash received by the Company for transaction processing services which is payable to our customers. Included in accounts receivable are amounts for transactions processed with our card processers for which cash has not been received by the Company and included in accounts payable are amounts for transactions processed with our card processers and due to our customers, which are recorded net of fees due to the Company. Generally, contractual terms require us to remit amounts owed to our customers on a weekly basis. ACCOUNTS RECEIVABLE Accounts receivable are reported at their outstanding unpaid principal balances reduced by an allowance for doubtful accounts. The Company estimates doubtful accounts for accounts receivable and finance receivables based on historical bad debts, factors related to specific customers’ ability to pay and current economic trends. The Company writes off accounts receivable against the allowance when management determines the balance is uncollectible and the Company ceases collection efforts. Management believes that the allowance accrued is adequate to provide for its estimated credit losses. FINANCE RECEIVABLES The Company offers extended payment terms to certain customers for equipment sales. During the year ended June 30, 2010, the Company started offering customers its Quick Start Program. In accordance with the Financial Accounting Standards Board Accounting Standards Codification® (“ASC”) Topic 840, “Leases”, agreements under the Quick Start Program qualify for sales-type lease accounting. Accordingly, the future minimum lease payments are classified as finance receivables in the Company’s consolidated balance sheets. Notes receivable or Quick Start leases are generally for a 36 month term. Finance receivables are carried at their contractual amount and charged off against the allowance for credit losses when management determines that recovery is unlikely and the Company ceases collection efforts. The Company recognizes a portion of the note or lease payments as interest income in the accompanying consolidated financial statements based on the effective interest rate method. INVENTORY Inventory consists of finished goods and packaging materials. The Company’s inventory is stated at the lower of cost (average cost basis) or market. FAIR VALUE OF FINANCIAL INSTRUMENTS The Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2010-06, “Fair Value Measurements and Disclosures (“Topic 820”): Improving Disclosures about Fair Value Measurements.” ASU 2009-06 amends certain disclosure requirements of Subtopic 820-10. This ASU provides additional disclosures for transfers in and out of Levels 1 and 2 and for activity in Level 3. This ASU also clarifies certain other existing disclosure requirements including level of desegregation and disclosures around inputs and valuation techniques. The Company’s financial assets and liabilities are measured using inputs from the three levels of the fair value hierarchy. The three levels are as follows: Level 1- Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Level 2- Inputs are other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (i.e., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs). Level 3- Inputs are unobservable and reflect the Company’s assumptions that market participants would use in pricing the asset or liability. The Company develops these inputs based on the best information available. The Company’s financial instruments, principally cash equivalents, accounts receivable, finance receivables, prepaid expenses and other assets, accounts payable and accrued expenses, are carried at cost which approximates fair value due to the short-term maturity of these instruments. The fair value of the Company’s obligations under its long-term debt and credit agreements approximates their carrying value as such instruments are at market rates currently available to the Company. PROPERTY AND EQUIPMENT Property and equipment are recorded at cost. Property and equipment are depreciated on the straight-line basis over the estimated useful lives of the related assets. Leasehold improvements are amortized on the straight-line basis over the lesser of the estimated useful life of the asset or the respective lease term. GOODWILL AND INTANGIBLE ASSETS Goodwill represents the excess of cost over fair value of the net assets purchased in acquisitions. The Company accounts for goodwill in accordance with ASC 350, “Intangibles – Goodwill and Other”. Under ASC 350, goodwill is not amortized to earnings, but instead is subject to periodic testing for impairment. The Company tests goodwill for impairment using a two-step process. The first step screens for potential impairment, while the second step measures the amount of impairment. The Company uses a discounted cash flow analysis to complete the first step in this process. We also give consideration to our market capitalization. Testing for impairment is to be done at least annually and at other times if events or circumstances arise that indicate that impairment may have occurred. The Company has selected April 1 as its annual test date. The Company has concluded there has been no impairment of goodwill as a result of its testing on April 1, 2012, April 1, 2011, and April 1, 2010. The Company trademarks with an indefinite economic life are not being amortized. The trademarks, not subject to amortization, are related to the miser asset group and consist of the following trademarks: 1) VendingMiser, 2) CoolerMiser, 3) PlugMiser and 4) SnackMiser. The Company tests indefinite-lived intangible assets for impairment using a two-step process. The first step screens for potential impairment, while the second step measures the amount of impairment. The Company uses a discounted cash flow analysis to complete the first step in this process. Testing for impairment is to be done at least annually and at other times if events or circumstances arise that indicate that impairment may have occurred. The Company has selected April 1 as its annual test date for its indefinite-lived intangible assets. There was no impairment expenses recorded during the fiscal years ended June 30, 2012 and 2010. In fiscal 2011 the Company concluded there was an impairment of its indefinite-lived trademarks as a result of its testing and recorded a $581,900 impairment expense in the fourth quarter of the fiscal year ended June 30, 2011 (see Note 5). Patents and trademarks, with an estimated economic life, are carried at cost less accumulated amortization, which is calculated on a straight-line basis over their estimated economic life. The Company reviews intangibles, subject to amortization, for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An asset is considered to be impaired when the sum of the undiscounted future net cash flows resulting from the use of the asset and its eventual disposition is less than its carrying amount. The amount of the impairment loss, if any, is measured as the difference between the net book value of the asset and its estimated fair value. Other than the impairment charge recorded in fiscal 2011 described above, as of June 30, 2012 and 2011, the Company has concluded there has been no impairment of its other patents or trademarks that is subject to amortization. IMPAIRMENT OF LONG LIVED ASSETS In accordance with ASC 360, “Impairment or Disposal of Long-Lived Assets”, the Company reviews its long-lived assets whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. If the carrying amount of an asset or group of assets exceeds its net realizable value, the asset will be written down to its fair value. In the period when the plan of sale criteria of ASC 360 are met, long-lived assets are reported as held for sale, depreciation and amortization cease, and the assets are reported at the lower of carrying value or fair value less costs to sell. The Company has concluded that the carrying amount of long-lived assets is recoverable as of June 30, 2012 and 2011. CONCENTRATION OF CREDIT RISK Financial instruments that subject the Company to a concentration of credit risk consist principally of cash and cash equivalents and accounts and finance receivables. The Company maintains cash and cash equivalents with various financial institutions. Approximately 46% and 22% of the Company’s accounts and finance receivables at June 30, 2012 and 2011, respectively, were concentrated with two and one customer(s), respectively. Approximately 43%, 48%, and 52% of the Company’s license and transaction processing revenues for the years ended June 30, 2012, 2011, and 2010, respectively, were concentrated with two customers - 25%, 23%, and 17%, respectively, with one; and 18%, 25%, and 35%, respectively, with another. There was no concentration of equipment sales revenue for the year ended June 30, 2012 and 2011. For the year ended June 30, 2010, approximately 11% of the Company’s equipment sales revenue was concentrated with one customer. The Company’s customers are principally located in the United States. REVENUE RECOGNITION Revenue from the sale of equipment is recognized on the terms of freight-on-board shipping point. Activation fee revenue is recognized when the Company’s cashless payment device is initially activated for use on the Company network. Transaction processing revenue is recognized upon the usage of the Company’s cashless payment and control network. License fees for access to the Company’s devices and network services are recognized on a monthly basis. In all cases, revenue is only recognized when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the price is fixed and determinable, and collection of the resulting receivable is reasonably assured. The Company estimates an allowance for product returns at the date of sale. EQUIPMENT RENTAL During the year ended June 30, 2010, the Company commenced a rental program, the JumpStart Program (“JumpStart”), for its ePort devices. The JumpStart terms are typically 36 months and are cancellable with sixty days written notice. In accordance with ASC 840, “Leases”, the Company classifies the rental agreements as operating leases. For the years ended June 30, 2012, 2011, and 2010, there was approximately $607,000, $597,000, and $369,000, respectively, of activation fee revenue related to JumpStart equipment included in equipment sales in the Consolidated Statements of Operations. There was also approximately $6,099,000, $2,725,000, and 433,000 of service fee revenue related to JumpStart equipment included in license and transaction fees in the Consolidated Statements of Operations for the years ended June 30, 2012, 2011, and 2010, respectively. Cost for the JumpStart revenues, which consists of depreciation expense on the JumpStart equipment, approximated $1,740,000, $933,000, and 105,000 for the years ended June 30, 2012, 2011, and 2010, respectively, and were included in cost of services in the Consolidated Statements of Operations. At June 30, 2012 and 2011, $9,793,000 and $5,735,000 of ePort equipment utilized by the JumpStart Program was included in property and equipment, net on the consolidated balance sheet (see Note 4). WARRANTY COSTS The Company generally warrants its products for one to three years. Warranty costs are estimated and recorded at the time of sale based on historical warranty experience, if available. These costs are reviewed and adjusted, if necessary, periodically throughout the year. SHIPPING AND HANDLING Shipping and handling fees billed to our customers in connection with sales are recorded as revenue. The costs incurred for shipping and handling of our product are recorded as cost of sales. RESEARCH AND DEVELOPMENT EXPENSES Research and development expenses are expensed as incurred. Research and development expenses, which are included in selling, general and administrative expenses in the consolidated statements of operations, were approximately $1,768,000, $997,000, and $1,864,000, for the years ended June 30, 2012, 2011, and 2010, respectively. Our research and development initiatives focus on adding features and functionality to our system solutions through the development and utilization of our processing and reporting network and new technology. ACCOUNTING FOR EQUITY AWARDS In accordance with ASC 718 the cost of employee services received in exchange for an award of equity instruments is based on the grant-date fair value of the award and allocated over the vesting period of the award. The Company recorded stock compensation expense of $584,487, $302,471, and $87,354 related to common stock grants and vesting of shares previously granted to employees and directors during the years ended June 30, 2012, 2011, and 2010, respectively. These expenses exclude the Fiscal Year 2012 Performance Share Plan (the “2012 Plan”) and the Long-Term Equity Incentive Program (“LTIP” or the “LTIP Program”) covering the Company’s executive officers. On September 15, 2011, at the recommendation of the Compensation Committee, the board of directors adopted the “2012 Plan”. The Company recorded expense of $197,613 for the year ended June 30, 2012 for the award earned by Company’s executive officers under the 2012 Plan. The Company recorded stock compensation expense of $54,395 and $43,171 related to the vesting of shares and the change in fair value of the of shares awarded under the LTIP Program during the years ended June 30, 2011 and 2010, respectively (see Note 11), the last years of the LTIP Program. There were no common stock options granted, vested or recorded as expense during the years ended June 30, 2012, 2011 and 2010. During the 2012 fiscal year, 42,333 and 3,000 common stock options, with exercise prices of $7.50 and $8.00, respectively, expired unexercised. INCOME TAXES The Company follows the provisions of FASB ASC 740, Accounting for Uncertainty in Income Taxes, which provides detailed guidance for the financial statement recognition, measurement and disclosure of uncertain tax positions recognized in the financial statements. Tax positions must meet a “more-likely-than-not” recognition threshold at the effective date to be recognized upon the adoption of ASC 740 and in subsequent periods. Upon the adoption of ASC 740, the Company had no unrecognized tax benefits. No liabilities have been recorded for uncertain tax positions. Income taxes are computed using the asset and liability method of accounting. Under the asset and liability method, a deferred tax asset or liability is recognized for estimated future tax effects attributable to temporary differences and carryforwards. The measurement of deferred income tax assets is adjusted by a valuation allowance, if necessary, to recognize future tax benefits only to the extent, based on available evidence it is more likely than not such benefits will be realized. The Company recognizes interest and penalties, if any, related to uncertain tax positions in selling, general and administrative expenses. No interest and penalties related to uncertain tax positions were accrued or incurred during the years ended June 30, 2012, 2011, and 2010. The Company files income tax returns in the United States federal jurisdiction and various state jurisdictions. The tax years ended June 30, 2009 through June 30, 2012 remains open to examination by taxing jurisdictions to which the Company are subject. As of June 30, 2012, the Company did not have any income tax examinations in process. LOSS PER COMMON SHARE Basic earnings per share are calculated by dividing income (loss) applicable to common shares by the weighted average common shares outstanding for the period. Diluted earnings per share is calculated by dividing income (loss) applicable to common shares by the weighted average common shares outstanding for the year plus the effect of potential common shares (approximately 8,106,040, 15,673,000, and 13,787,000 shares as of June 30, 2012, 2011, and 2010, respectively) unless such effect is anti-dilutive. No exercise of stock options (45,333); or stock purchase warrants (8,045,619); or the conversion of preferred stock (4,430) or cumulative preferred dividends (10,932) was assumed during the fiscal year ended June 30, 2012 because the result would be anti-dilutive. No exercise of stock options (90,666); or stock purchase warrants (15,567,199); or the conversion of preferred stock (4,430) or cumulative preferred dividends (10,267) was assumed during the fiscal year ended June 30, 2011 because the result would be anti-dilutive. No exercise of stock options (160,000) or stock purchase warrants (13,526,748); or the conversion of preferred stock (4,445) or cumulative preferred dividends (9,635); or the issuance of shares granted under LTIP (86,342) was assumed during the fiscal year ended June 30, 2010 because the result would be anti-dilutive. RECENT ACCOUNTING PRONOUCEMENTS The Company does not believe that the following recent accounting pronouncements or any other recently issued, but not yet effective accounting standards will have a material effect on the Company’s consolidated financial position, results of operations, or cash flows. In September 2011, the Financial Accounting Standards Board issued ASU 2011-08 Intangibles—Goodwill and Other (Topic 350): Testing Goodwill for Impairment. This will be effective for the Company beginning with the fiscal year ending June 30, 2013. In December 2011, the Financial Accounting Standards Board issued ASU 2011-11 Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities. This will be effective for the Company beginning with the fiscal year ending June 30, 2014. In December 2011, the Financial Accounting Standards Board issued ASU 2011-12 Comprehensive Income (Topic 220): Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05. This will be effective for the Company beginning with the fiscal year ending June 30, 2013. In July 2012, the Financial Accounting Standards Board issued ASU 2012-02 Intangibles—Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment. This will be effective for the Company beginning with the fiscal year ending June 30, 2013.

FINANCE RECEIVABLES

12 Months Ended

Jun. 30, 2012

Receivables [Abstract]

Finance Receivables

3. FINANCE RECEIVABLES

Finance Receivables consist of the following:

	June 30,
	2012		2011
Total finance receivables	$	542,847	$	481,387
Less current portion		206,649		285,786
Non-current portion of finance receivables	$	336,198	$	195,601

As of June 30, 2012 and 2011, there was no allowance for credit losses of finance receivables. As the Company collects monthly payments of the receivables from the customers’ transaction funds the risk of loss was determined to be remote.

Credit Quality Indicators
As of June 30, 2012

Credit risk profile based on payment activity:

	Leases

Performing	$	542,847
Nonperforming		-
Total	$	542,847

Age Analysis of Past Due Finance Receivables
As of June 30, 2012

	31 – 60 Days Past Due		61 – 90 Days Past Due		Greater than 90 Days Past Due		Total Past Due		Current		Total Finance Receivables

Leases		-		2,057		18,855		20,912	$	521,935	$	542,847
Total	$	-	$	2,057	$	18,855	$	20,912	$	521,935	$	542,847

Age Analysis of Past Due Finance Receivables
As of June 30, 2011

	31 – 60 Days Past Due		61 – 90 Days Past Due		Greater than 90 Days Past Due		Total Past Due		Current		Total Finance Receivables

Leases		-		-		-		-	$	481,387	$	481,387
Total	$	-	$	-	$	-	$	-	$	481,387	$	481,387

PROPERTY AND EQUIPMENT

12 Months Ended

Jun. 30, 2012

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

4. PROPERTY AND EQUIPMENT

Property and equipment, at cost, consist of the following:

	Useful	June 30,
	Lives	2012			2011
Computer equipment and purchased software	3-7 years	$	4,682,276		$	4,335,163
Property and equipment used for Rental Program	5 years		12,523,254			6,768,584
Furniture and equipment	3-7 years		805,077			785,960
Leasehold improvements	Lesser of life or lease term		465,587			271,759
Vehicles	5 years		-			29,066
			18,476,194			12,190,532
Less accumulated depreciation			(6,676,086	)		(4,794,757	)
		$	11,800,108		$	7,395,775

Assets under capital lease totaled approximately $1,863,000 and $1,459,000 as of June 30, 2012 and 2011, respectively. Capital lease amortization of approximately $189,000, $277,000, and $263,000, is included in depreciation expense for the years ended June 30, 2012, 2011, and 2010, respectively.

ePort equipment utilized by the JumpStart Program is identified as Property and equipment used for Rental Program in the above table. Accumulated depreciation attributable to the Property and equipment used for Rental Program is approximately $2,731,000 and $1,034,000 as of June 30, 2012 and 2011, respectively and is included in accumulated depreciation for the respective years in the above table.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References + Details

INTANGIBLE ASSETS

12 Months Ended

Jun. 30, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

5. INTANGIBLE ASSETS

Amortization expense relating to all acquired intangible assets was approximately $998,000, $1,034,000, and $1,034,000 during each of the years ended June 30, 2012, 2011, and 2010, respectively. The intangible asset balance and related accumulated amortization consisted of the following:

	June 30, 2012
	Gross
	Carrying		Accumulated				Net Carrying
	Amount		Amortization					Value
Intangible assets:

Trademarks	$	1,482,100		$	(1,050,000	)		$	432,100
Patents		9,294,000			(8,529,647	)			764,353
Total	$	10,776,100		$	(9,579,647	)		$	1,196,453

	June 30, 2011
	Gross
	Carrying		Accumulated				Net Carrying
	Amount		Amortization					Value
Intangible assets:

Trademarks	$	1,482,100		$	(949,375	)		$	532,725
Patents		9,294,000			(7,632,372	)			1,661,628
Total	$	10,776,100		$	(8,581,747	)		$	2,194,353

The Company’s test for impairment of its indefinite-lived trademarks consists of the trademarks: 1) VendingMiser, 2) CoolerMiser, 3) PlugMiser and 4) SnackMiser. As a result of its testing in fiscal years ended June 30, 2012 and 2010 the Company determined that no impairment had occurred. In the testing in fiscal year 2011, the Company determined that the sum of the expected discounted cash flows attributable to the trademarks was less than its carrying value of $1,014,000, and that an impairment write-down was required. The primary driver behind the decrease in the value was a decrease in the revenue expectations for the trademarks from the time the trademarks were acquired in July 2003 to when the impairment assessment was prepared. Accordingly, in fiscal year 2011, the Company performed a valuation of the trademark’s fair value with the assistance of an independent valuation specialist. The fair value of the trademarks was determined by a method known as “relief from royalty”, in which the fair value is determined by reference to the amount of royalty income the intangible would generate if it were licensed in an arm’s-length transaction. The essential assumptions in a valuation via an income approach are as follows:

●

The related dollar sales volume;

●

The percentage royalty on sales;

●

The adjustment for taxes;

●

The remaining useful economic life;

●

The percentage return on investment; and,

●

The tax amortization benefit.

During the fourth quarter of the fiscal year ended June 30, 2011, the fair value of the trademarks was determined to be $432,100. This assessment resulted in an impairment write-down during the fourth fiscal quarter of $581,900, which is included in “Impairment of intangible asset” in the Consolidated Statement of Operations for the fiscal year ended June 30, 2011.

The trademark described above, is not related to the Company’s core operations consisting of its ePort wireless, cashless products and services.

At June 30, 2012, the expected amortization of the intangible assets is as follows: approximately $764,000 in fiscal year 2013 and $0 in fiscal year 2014. The weighted average useful life of these amortized intangible assets is 1.0 years at June 30, 2012. At June 30, 2012 and 2011, $432,100 and $432,100, respectively of trademarks has an indefinite life and is included in the intangible assets tables above.

ACCRUED EXPENSES

12 Months Ended

Jun. 30, 2012

Accrued Liabilities [Abstract]

ACCRUED EXPENSES

6. ACCRUED EXPENSES

Accrued expenses consist of the following:

	June 30,
	2012		2011
Accrued compensation and related sales commissions	$	767,926	$	269,335
Accrued professional fees		482,664		197,964
Accrued taxes and filing fees		663,078		302,147
Advanced customer billings		311,767		100,398
Accrued Proxy costs		992,520		-
Accrued rent		278,862		114,511
Accrued other		271,880		270,444
	$	3,768,697	$	1,254,799

LONG-TERM DEBT

12 Months Ended

Jun. 30, 2012

Debt Disclosure [Abstract]

LONG-TERM DEBT

7. LONG-TERM DEBT

Long-term debt consists of the following:

	June 30,
	2012		2011
Capital lease obligations	$	426,007	$	84,043
Loan agreement		302,323		169,018
		728,330		253,061
Less current portion		466,056		155,428
	$	262,274	$	97,633

The maturities of long-term debt as of June 30, 2012 are as follows:

2013	$	466,055
2014		209,476
2015		52,799
	$	728,330

During March 2007, the Company entered into a capital lease agreement in connection with office equipment for approximately $146,000, due in sixty equal monthly payments of $2,965 through March 2012.

During May 2007, the Company entered into a capital lease agreement in connection with office equipment for approximately $305,000, due in 36 equal monthly payments of $9,456 through April 2010.

During July 2007, the Company entered into loan agreements for $239,740 with a financial institution bearing interest at 12% collateralized by $274,494 of the Finance Receivables. The Company agreed to make 32 monthly payments of $9,104, which include interest and principal, from the proceeds received from the Finance Receivables.

During November 2007, the Company entered into a long-term debt agreement for $93,000 with a financial institution bearing interest at 8.25%, collateralized by the assets of the Company, which requires 84 monthly payments of $1,467, including interest and principal. This loan was satisfied in June 2012.

During February, March, and April 2008, the Company entered into various capital leases for network equipment totaling approximately $199,000, due in 36 monthly installments at interest rates from 3.78% to 12.35%.

During November 2008, the Company entered into various capital leases for network equipment and maintenance contracts on the equipment totaling $462,041, due in 24 to 36 monthly installments at interest rates from 3.75% to 12.35%.

During May 2009, the Company financed a software license agreement totaling approximately $56,000, due in four quarterly installments, at an interest rate of 9%.

During July 2009, the Company financed a portion of the premiums for various insurance policies totaling $85,991 due in nine monthly installments at an interest rate of 5.1%. In the same month, the Company also entered into a capital lease for office equipment totaling $24,836, due in 46 monthly installments of $677.

During March 2010, the Company financed the purchase of computer equipment totaling $195,000 due in 36 monthly installments at an interest rate of 4.95%. An amount of restricted cash equal to the outstanding principal balance of the loan serves as security for this loan. Accordingly, $51,492 of restricted cash is classified with current other assets on the Consolidated Balance Sheet at June 30, 2012 and $65,754 and $51,492 of restricted cash is classified as current and non-current other assets, respectively, on the Consolidated Balance Sheet at June 30, 2011.

During May 2010, the company financed software licenses totaling $77,730, due in twelve monthly installments at an interest rate of 3.3%.

During July 2010, the Company financed a portion of the premiums for various insurance policies totaling $94,331 due in nine monthly installments at an interest rate of 4.93%. During July 2011, the Company financed a portion of the premiums for various insurance policies totaling $90,372 due in nine equal monthly payments at an interest rate of 5.57%.

During August 2011, the Company entered into a capital lease for network equipment totaling approximately $496,000, due in 36 monthly payments of $14,145 through August 2014.

During November 2011, the Company financed computer equipment for network equipment totaling approximately $46,000, due in twelve equal quarterly installment payments at an interest rate of 6.47%.

During April 2012, the Company entered into a capital lease for network equipment totaling approximately $62,000, due in 36 monthly payments of $1,785 through February 2015.

During June 2012, the Company financed software licenses totaling approximately $212,000, due in four equal quarterly installment payments at an interest rate of 11.09%.

FAIR VALUE OF FINANCIAL INSTRUMENTS

12 Months Ended

Jun. 30, 2012

Fair Value Disclosures [Abstract]

FAIR VALUE OF FINANCIAL INSTRUMENTS

8. FAIR VALUE OF FINANCIAL INSTRUMENTS

In accordance with the fair value hierarchy described in Note 2, the following table shows the fair value of the Company’s financial instruments that are required to be measured at fair value as of June 30, 2012 and 2011:

June 30, 2012	Level 1			Level 2		Level 3		Total

Cash equivalents	$	141,107	$	-		$	-	$	141,107
Common stock warrant liability, warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016	$	-	$	-		$	917,440	$	917,440
Common stock warrant liability, warrants exercisable at $5.90 through September 14, 2013	$	-	$	-		$	1,126	$	1,126

June 30, 2011	Level 1			Level 2		Level 3		Total

Cash equivalents	$	83,267		$	-	$	-	$	83,267
Common stock warrant liability, warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016	$	-		$	-	$	2,638,629	$	2,638,629
Common stock warrant liability, warrants exercisable at $5.90 through September 14, 2013	$	-		$	-	$	93,624	$	93,624

As of June 30, 2012 and 2011, the fair values of the Company’s Level 1 financial instruments were $141,107 and $83,267, respectively. These financial instruments consist of cash equivalents, including certificates of deposit and money market accounts. As of June 30, 2012 and 2011, the Company held no Level 2 financial instruments.

As of June 30, 2012 and 2011, the fair values of the Company’s Level 3 financial instruments totaled $918,566 and $2,732,253, respectively. The Level 3 financial instruments consist of common stock warrants issued by the Company in March 2011 and March 2007, which include features requiring liability treatment of the warrants. The fair value of warrants issued in March 2011 (see Notes 11 and 12) to purchase 3.9 million shares of the Company’s common stock is based on valuations performed by an independent third party valuation firm. The fair value was determined using proprietary valuation models using the quality of the underlying securities of the warrants, restrictions on the warrants and security underlying the warrants, time restrictions and precedent sale transactions completed in the secondary market or in other private transactions. The fair value of warrants issued in March 2007 to purchase 903,955 shares of the Company’s common stock was estimated by the Company to be $1,126 using the Black-Scholes with the following assumptions: dividend yield of 0%, expected stock price volatility of 0.82, risk free interest rate of 0.21, and an expected life of 1.2 years. Prior to March 31, 2011, the fair value of these warrants was determined to be de minimus and was not included on the Company’s consolidated balance sheets. There were no transfers of assets or liabilities between level 1, level 2, or level 3 during the years ended June 30, 2012 and 2011.

The following table summarizes the changes in fair value of the Company’s Level 3 financial instruments for the year ended:

	June 30,
	2012			2011
Beginning balance	$	(2,732,253	)	$	-
Issuance of common stock warrants, exercisable at $2.6058 per share		-			(1,917,122	)
Recognize liability of warrants, exercisable at $5.90 per share; attributed to loss due to change in fair value		-			(151,631	)
Gain/ (Loss) due to change in fair value of warrant liabilities, net		1,813,687			(663,500	)
Ending balance	$	(918,566	)	$	(2,732,253	)

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13537-108611

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14064-108612

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13504-108611

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13433-108611

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15B
-Subparagraph a, b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 44A, 44B
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 159
-Paragraph 17-22, 27, 28
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15A
-Subparagraph a-d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15C, 15D
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 32, 33, 34
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 3, 10, 14, 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

INCOME TAXES

12 Months Ended

Jun. 30, 2012

Income Tax Disclosure [Abstract]

INCOME TAXES

9. INCOME TAXES

At June 30, 2012, the Company had net operating loss carryforwards of $168,327,709 to offset future taxable income expiring through approximately 2032. The Company had capital loss carryforwards of $4,759 as of June 30, 2011 that expired on June 30, 2012.

The timing and extent to which the Company can utilize future tax deductions in any year may be limited by provisions of the Internal Revenue Code regarding changes in ownership of corporations (i.e. IRS Code Section 382). The changes in ownership limitations under IRS Code Section 382 have had the effect of limiting the maximum amount of net operating loss carryforwards as of June 30, 2012 and 2011 available for use to offset future years’ taxable income to $127,024,196 and $121,667,065, respectively. Those net operating loss carryforwards start to expire June 30, 2022.

At June 30, 2012 and 2011 the Company recorded net deferred tax assets of $51,708,064 and $48,973,987, respectively, which were offset by a valuation allowance of $51,720,663 and $48,973,987 as of June 30, 2012 and 2011, respectively, as the realization of the deferred tax asset is not likely, principally due to the lack of earnings history.

As of June 30, 2012, net deferred tax liabilities of $12,599 were recorded representing the future potential state and federal income tax effects for basis differences between financial reporting and income tax purposes as of June 30, 2012 for indefinite life intangible assets and goodwill that are being amortized for income tax purposes but not for financial reporting. The potential future income tax effects associated with such indefinite life assets are not subject to offset against deferred tax assets with finite lives.

These deferred tax liabilities resulted in a provision for income taxes for the year ended June 30, 2012 of $12,599 which is comprised of deferred state income taxes of $3,101 and deferred federal income taxes of $9,498.

An income tax benefit of $1,767,537 at the federal statutory rate of 34% is indicated for the year ended June 30, 2012 based upon the loss before provision for income taxes. In recording the provision for income taxes that benefit was reduced for the effects of increases in the valuation allowance of $2,327,354 for federal income taxes associated with deferred tax assets, increased for the effects of permanent differences of $594,264 and reduced by state income taxes net of federal benefit $2,046.

The net deferred tax assets arose primarily from net operating loss carryforwards, as well as the use of different accounting methods for financial statement and income tax reporting purposes as follows:

	June 30,
	2012			2011
Deferred tax assets:
Net operating loss carryforwards	$	48,825,628		$	46,695,537
Deferred research and development costs		185,940			218,622
Intangibles		1,059,409			1,003,047
Stock-based compensation		694,407			476,273
Other		955,279			685,861
		51,720,663			49,079,340
Deferred tax liabilities:
Intangibles and goodwill		(12,599	)		(105,353	)
Deferred tax assets, net		51,708,064			48,973,987
Valuation allowance		(51,720,663	)		(48,973,987	)
Deferred tax (liabilities) assets, net of allowance	$	(12,599	)	$	-

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 136, 172
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 43, 44, 45, 46, 47, 48, 49
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

PREFERRED STOCK	12 Months Ended
PREFERRED STOCK	Jun. 30, 2012
Preferred Stock [Abstract]
PREFERRED STOCK	10. PREFERRED STOCK The authorized Preferred Stock may be issued from time to time in one or more series, each series with such rights, preferences or restrictions as determined by the Board of Directors. Each share of Series A Preferred Stock shall have the right to one-hundredth of a vote and is convertible at any time into one-hundredth of a share of Common Stock. Each share of Common Stock entitles the holder to one voting right. Series A Preferred Stock provides for an annual cumulative dividend of $1.50 per share, payable when, as and if declared by the Board of Directors, to the shareholders of record in equal parts on February 1 and August 1 of each year. Any and all accumulated and unpaid cash dividends on the Series A Preferred Stock must be declared and paid prior to the declaration and payment of any dividends on the Common Stock. Cumulative unpaid dividends at June 30, 2012 and 2011 amounted to $10,931,872 and $10,267,420, respectively. Cumulative unpaid dividends are convertible into common shares at $1,000 per common share at the option of the shareholder. During the years ended June 30, 2012 and 2010 no shares of Preferred Stock nor cumulative preferred dividends converted into shares of common stock. During the year ended June 30, 2011, 1,500 shares of Preferred Stock and $33,000 cumulative preferred dividends converted into 15 shares and 33 shares of common stock, respectively. The Series A Preferred Stock may be called for redemption at the option of the Board of Directors for a price of $11.00 per share plus payment of all accrued and unpaid dividends. No such redemption has occurred as of June 30, 2012. In the event of any liquidation, the holders of shares of Series A Preferred Stock issued shall be entitled to receive $10.00 for each outstanding share plus all cumulative unpaid dividends. If funds are insufficient for this distribution, the assets available will be distributed ratably among the preferred shareholders. During the year ended June 30, 2010, the Company retired 65,802 shares of its Preferred Stock it purchased on the open market at prices ranging from $8 to $9 per share for a total of $598,464. During the years ended June 30, 2012 and 2011, the Company did not purchase any shares of its Preferred Stock on the open market.

COMMON STOCK

12 Months Ended

Jun. 30, 2012

Common Stock [Abstract]

COMMON STOCK

11. COMMON STOCK

The Company’s Board of Directors has authorized various Common Stock public and private placement offerings. Activity for these offerings during the years ended June 30, 2012, 2011, and 2010 are as follows:

On September 25, 2006, the Company entered into a Common Stock Purchase Agreement with Steve Illes, an accredited investor. The Agreement terminated August 30, 2009 and there were no shares issued under this agreement during the year ended June 30, 2010.

On May 22, 2009, the Company filed a registration statement with the Securities and Exchange Commission for a rights offering relating to transferable subscription rights to purchase up to $15 million of common stock and warrants (the “2009 Rights Offering”). The Company engaged William Blair & Company and Maxim Group LLC to act as the dealer-managers for the 2009 Rights Offering and MacKenzie Partners, Inc. to act as the information agent.

The 2009 Rights Offering commenced on July 13, 2009 and expired on July 31, 2009. On August 7, 2009, the closing date of the rights offering, the Company received $14,571,584 of gross proceeds. The net cash proceeds, after deduction of fees and expenses, including dealer-manager fees, was $12,958,159. In addition, the Company issued a total of 291,432 warrants to the dealer-managers to purchase the Company’s Common Stock at $2.20 per share at any time through August 6, 2012. As of June 30, 2012 no warrants have been exercised under these dealer manager agreements.

In accordance with the terms of the 2009 Rights Offering, the Company issued an aggregate of 7,285,792 shares of common stock for $2.00 per share and 7,285,792 warrants, entitling the holder to purchase one share of common stock at the exercise price of $2.20 per share of common stock commencing January 1, 2010 and through December 31, 2011. The warrants commenced trading on August 7, 2009, on The NASDAQ Global Market under the symbol USATW. During the years ended June 30, 2010 no USATW warrants were exercised to purchase shares of Common Stock. During the years ended June 30, 2012 and 2011, 4,550 and 376,355 USATW warrants were exercised at $2.20 per share resulting in the issuance of 4,550 and 376,355 shares of Common Stock, generating cash proceeds of $10,010 and $827,981, respectively.

On March 16, 2010, the Company filed a registration statement with the Securities and Exchange Commission for a public offering of up to $3,000,000 of our common stock and warrants to purchase common stock (the “2010 Public Offering”). The proceeds from the offering were used for general corporate purposes, including working capital and providing financing for the manufacture by us of our ePort cashless payment products to be used by our customers participating in our JumpStart Program. The Company engaged Source Capital Group, Inc. to act as the placement agent for the offering.

The offering closed on May 12, 2010 and we sold an aggregate of 2,753,454 shares and related warrants to purchase up to 2,753,454 shares. As compensation for its services related to the offering, Source received warrants to purchase up to 165,207 shares at $1.13 per share, exercisable at any time through May 12, 2013. The warrants contain provisions for one demand registration of the sale of the underlying shares of common stock for a period of five years at our expense, and piggyback registration rights for a period of five years at our expense, and one demand registration right at the placement agent’s expense for a period of five years. The offer and sale of the warrants was exempt from registration under Section 4(2) of the Act. The investors are accredited investors. The offer and sale thereof did not involve any general advertising or solicitation and the securities contained appropriate restrictive legends under the Act. The warrants commenced trading on May 24, 2010 on The NASDAQ Global Market under the symbol USATZ. During the years ended June 30, 2012 and 2010 no USATZ warrants were exercised to purchase shares of Common Stock. During the years ended June 30, 2012 and 2010, no USATZ warrants issued under this offering were exercised; and, in the year ended June 30, 2011, 235,414 USATZ warrants were exercised at $1.13 per share for cash proceeds of $260,018.

On July 7, 2010, we sold an aggregate of 261,953 shares and related warrants (USATZ) to purchase up to 261,953 shares pursuant to a subscription rights offering which concluded on July 6, 2010 (the “2010 Rights Offering”). In connection with the offering, Source Capital Group, Inc. (“Source”) acted as dealer manager. As compensation for its services, Source received warrants to purchase up to 15,717 shares at $1.13 per share at any time through July 7, 2013. The warrants contain provisions for one demand registration of the sale of the underlying shares of common stock for a period of five years at our expense, and piggyback registration rights for a period of five years at our expense, and one demand registration right at the dealer manager’s expense for a period of five years. The Company received $235,757 of gross proceeds; after deductions for fees and expenses, net cash proceeds were $5,671. During the years ended June 30, 2010, no USATZ warrants were exercised; and, in the year ended June 30, 2011, all of the 261,953 USATZ warrants issued under this offering were exercised at $1.13 per share for cash proceeds of $296,007.

During the year ended June 30, 2012, Source elected a cashless exercise of 2,767 warrants received from acting as dealer manager for the offerings described above, resulting in the issuance of 990 shares of Common Stock. During the year ended June 30, 2011, Source elected a cashless exercise of 127,497 warrants received from acting as dealer manager for the offerings described above, resulting in the issuance of 83,472 shares of Common Stock.

On July 27, 2010, we executed a purchase agreement and a registration rights agreement (the “LPC Agreement”) with Lincoln Park Capital, LLC (“LPC”). On March 16, 2011, the Company gave written notice to LPC that it had terminated the LPC Agreement. The Company had the right under the LPC Agreement to terminate the LPC Agreement for any or no reason and without any liability whatsoever of any party to any other party under the LPC Agreement. The Company was required to terminate the LPC Agreement as a condition precedent to the closing of the March 14, 2011 Securities Purchase Agreement described below. Under the LPC Agreement, we had the right to sell to LPC up to 4,851,408 shares of our common stock at our option for an aggregate purchase price of up to $5,000,000. During the year ended June 30, 2011 we issued 150,000 shares of our common stock to LPC as a commitment fee for entering into the purchase agreement.

On March 14, 2011, the Company entered into a Securities Purchase Agreement with seven institutional investors (the “Buyers”). Pursuant thereto, on March 17, 2011 the Company sold to the Buyers 5,200,000 shares of the Company’s common stock at a price of $2.064 per share for an aggregate purchase price of $10,732,800. On March 17, 2011 the Company also issued warrants to the Buyers to purchase up to 3,900,000 shares of common stock at an exercise price of $2.6058 per share. The Buyers are accredited investors and the offer and sale of the shares and the warrants was exempt from registration under Rule 506 promulgated under Section 4(2) of the Act. The Company has agreed to register the shares and the shares underlying the warrants for resale under the Act until the earlier of (i) the date as of which the Buyers may sell all of the securities covered by such registration statement without restriction pursuant to Rule 144 promulgated under the Act, or (ii) the date on which the Buyers shall have sold all of the securities covered by such registration statement. The Company is obligated to use its best efforts to cause the SEC to declare the Registration Statement effective within 90 days of the closing date of the transaction (or 120 days in the event that the Registration Statement is subject to review by the SEC), and the Company is required to pay certain negotiated cash payments to the Buyers in the event that the Registration Statement is not filed within 15 days of the closing date or is not declared effective within 90 days of the closing date (or 120 days in the event that the Registration Statement is subject to review by the SEC). The Registration Statement was filed by the Company with the SEC on March 31, 2011, and declared effective by the SEC on April 29, 2011.

In connection with the above private placement offering, Chardan Capital Markets, LLC (“Chardan”), acted as exclusive placement agent. As compensation for its services, Chardan received cash compensation of $751,296 and warrants to purchase up to 364,000 shares of common stock at $2.6058 per share at any time within five years following the six-month and one day anniversary of the issuance of the warrants, March 17, 2011. We have agreed to register the shares underlying the warrants for resale under the Act on the same terms afforded to the Buyers.

The total proceeds of $10,732,800 were reduced by $1,917,122, the fair value of the warrants which are subject to liability accounting (see Note 8), and cash issuance costs of $838,705, resulting in net cash proceeds of $9,894,095 and net proceeds related to common shares of $7,976,973. The proceeds from the offering will be used primarily to support the continuation of the Company’s JumpStart Program.

The Company’s Board of Directors has authorized various compensation plans. Activity for these plans during the years ended June 30, 2012, 2011, and 2010 are as follows:

On February 12, 2007, upon recommendation of the Compensation Committee of the Board of Directors of the Company, the Board adopted the LTIP Program for each of our three then-current executive officers. The LTIP Program was intended to ensure continuity of the Company’s executive management, to encourage stock ownership by such persons, and to align the interests of executive management with those of the shareholders.

Pursuant to and as defined in the LTIP Program, each executive would be awarded shares of the Company’s Common Stock if the Company achieves certain target goals relating to revenues, gross profit, and EBITDA (the “Target Goals”) of the Company during each of the fiscal years ended June 30, 2007, June 30, 2008 and June 30, 2009. On February 4, 2009, the Board of Directors approved the recommendation of the Compensation Committee that the final twelve month measuring period under the LTIP Program be changed from the fiscal year ended June 30, 2009 to the fiscal year ended June 30, 2010. The foregoing was approved by the Board as the Board did not believe it would be appropriate to reward senior management with bonuses during the then-current economic slowdown. EBITDA is defined as earnings before interest, taxes, depreciation, and amortization, and excludes non-cash stock payments/awards and stock options granted to officers and Board members. The Program allows for the executive officers to reduce the number of shares to be issued in order to satisfy the minimum statutory tax withholding requirements.

Through the year ended June 30, 2009, the Company had issued 359,860 shares under the LTIP Program.

During the fiscal year ended June 30, 2010, the number of eligible shares to be awarded to the executive is based upon the following weightings: 40% of eligible shares are determined by revenues; 30% of eligible shares are determined by gross profit; and 30% of eligible shares are determined by EBITDA. There are a total of 253,946 eligible shares for the 2010 fiscal year.

If the actual results for the fiscal year exceeds the Target Goals, each executive would be awarded an additional pro rata portion of the eligible shares, up to an amount no greater than 125% of the number of eligible shares. If the actual results for the fiscal year is less than the Target Goals, each executive would be awarded a lesser pro rata portion of the number of eligible shares. If minimum Target Goals for the fiscal year are not achieved, no eligible shares would be awarded to each executive.

As a result of the Board’s decision to change the final twelve month measuring date of the LTIP Program from fiscal year 2009 to fiscal year 2010, the accrued share based liability as of June 30, 2011 and 2010 was $0 and $43,171, respectively, and compensation expense during the years ended June 30, 2011, and 2010 was $54,395 and $43,171, respectively. Final settlement of the award occurred in December 2010 with 86,342 shares earned and total compensation expense recorded of $97,566.

On February 28, 2008, the Company’s shareholders approved the 2008 Stock Incentive Plan to allow up to 300,000 shares of Common Stock to be available for issuance to future or current employees, directors and consultants of the Company. Prior to the year ended June 30, 2010, the Company had issued 239,253 shares under the 2008 Stock Incentive Plan. During the years ended June 30, 2011 and 2010, the Company issued 20,747 and 40,000 shares under the 2008 Stock Incentive Plan totaling $10,208 and $87,354, respectively, based on the grant date fair value of the shares. As of June 30, 2011, all 300,000 shares of Common Stock available for issuance under the Plan had been issued.

On June 15, 2010, the Company’s shareholders approved the 2010 Stock Incentive Plan to allow up to 300,000 shares of Common Stock to be available for issuance to future or current employees, directors and consultants of the Company. During the years ended June 30, 2012, 2011 and 2010, the Company issued 120,472, 109,918 and 0 shares under the plan totaling $248,851, $292,263 and $0, respectively based on the grant date fair value of the shares. As of June 30, 2012, 58,669 shares under the plan have been granted, but have not been issued as they are subject to various vesting provisions, and 10,941 shares are available for future issuance.

On June 13, 2011, the Company’s shareholders approved the 2011 Stock Incentive Plan to allow up to 300,000 shares of Common Stock to be available for issuance to future or current employees, directors and consultants of the Company. During the years ended June 30, 2012 and 2011, the Company issued 141,666 and 0 shares under the plan totaling $335,636 and $0, respectively based on the grant date fair value of the shares. As of June 30, 2012, 113,334 shares under the plan have been granted, but have not been issued as they are subject to various vesting provisions, and 45,000 shares are available for future issuance.

On June 28, 2012, the Company’s shareholders approved the 2012 Stock Incentive Plan to allow up to 500,000 shares of Common Stock to be available for issuance to future or current employees, directors and consultants of the Company. During the year ended June 30, 2012, the Company did not issue any under the plan totaling and recorded of $197,613 related to the vesting of shares to be issued under this plan.

In the 2012 fiscal year, the Company entered into three agreements with Mr. Jensen, the Company’s former Chief Executive Officer –on September 27, 2011 an amended and restated employment agreement (the “Jensen Employment Agreement”) as well as the Jensen Stock Agreement (the “Jensen Stock Agreement”); and, on October 14, 2011 a Separation Agreement and Release (the “Separation Agreement”).

The Jensen Employment Agreement continued substantially all of the previous terms and conditions of his employment agreement other than the provisions related to the Jensen Shares. The new agreement did not continue the provisions of his prior agreement which obligated the Company to pay any excise taxes attributable to any excess parachute payments which would be payable to Mr. Jensen upon the occurrence of a USA Transaction as well as the Company’s obligation to pay tax gross up payments attributable to such excise taxes. In exchange for modifying the excise tax and related gross up provisions, the Company issued an aggregate of 150,000 shares of common stock to Mr. Jensen under its stock incentive plans which were to vest as follows: 50,000 on the date the agreement was signed (September 27, 2011) by Mr. Jensen and the Company; 50,000 on the first anniversary of the date of signing (September 27, 2012); and 50,000 on the second anniversary of the date of signing (September 27, 2013).

The Jensen Stock Agreement contained the provisions relating to the issuance by the Company to Mr. Jensen of the Jensen Shares which had previously been set forth in his employment agreement. The provisions of Mr. Jensen’s prior employment agreement which required the Company to pay any excise taxes attributable to the excess parachute payments attributable to the Jensen Shares as well as the related obligation to make tax gross up payments have been retained in the Jensen Stock Agreement and continue to apply to the Jensen Shares.

Pursuant to the Separation Agreement, Mr. Jensen resigned as Chairman, Chief Executive Officer and as a Director of the Company, effective October 14, 2011. Under the Separation Agreement, the Company issued to Mr. Jensen 41,667 shares of its common stock which were awarded in connection with the signing of an amendment to his employment agreement in April 2011, which would not have otherwise vested until April 2012; and 50,000 shares of the Company’s common stock which were awarded to Mr. Jensen in connection with the signing Jensen Employment Agreement and which would not have otherwise vested until September 2012.

Pursuant to the Separation Agreement, 41,667 shares of common stock that would have vested in April 2013 in connection with the signing of an amendment to Mr. Jensen’s employment agreement in April 2011 and 50,000 shares of common stock that would have vested in September 2013 in connection with the signing of his amended and restated employment agreement in September 2011 were forfeited.

On September 27, 2011, the Company and Mr. Herbert entered into a second amendment to his employment agreement. The amendment eliminated the provisions of his prior agreement which obligated the Company to pay any excise taxes attributable to any excess parachute payments which would be received by Mr. Herbert upon the occurrence of a USA Transaction as well as the Company’s related obligation to make tax gross up payments. In exchange for eliminating the excise tax and related gross up provisions, the Company issued an aggregate of 100,000 shares of common stock to Mr. Herbert under its stock incentive plans which vest as follows: 33,333 on the date the agreement was signed by Mr. Herbert and the Company (September 27, 2011); 33,333 on the first anniversary of the date of signing (September 27, 2012); and 33,334 on the second anniversary of the date of signing (September 27, 2013).

On November 30, 2011, the Company appointed Mr. Stephen P. Herbert as the Chairman of the Board of Directors and Chief Executive Officer of the Company and entered into an Amended and Restated Employment and Non-Competition Agreement (the “Herbert Agreement”) that replaced his prior employment agreement with the Company. Notwithstanding the Herbert Agreement, the 100,000 shares of common stock awarded to Mr. Herbert under his prior employment agreement dated September 27, 2011 would vest as follows: 33,333 on September 27, 2011; 33,333 on the first anniversary of the date of signing (September 27, 2012); and 33,334 on the second anniversary of the date of signing (September 27, 2013).

On September 27, 2011, the Company and Mr. DeMedio entered into a fifth amendment to his employment agreement pursuant to which Mr. DeMedio was granted an aggregate of 25,000 shares of common stock as a bonus for his performance during the last six months of the 2011 fiscal year which vest as follows: 8,333 on the date of signing the amendment (September 27, 2011); 8,333 on the first anniversary of such signing date (September 27, 2012); and 8,334 on the second anniversary of such signing date (September 27, 2013).

On September 15, 2011, at the recommendation of the Compensation Committee, the board of directors adopted the Fiscal Year 2012 Performance Share Plan (the “2012 Plan”) covering the Company’s executive officers. Under the 2012 Plan, each executive officer will be awarded common stock in the event the Company achieves target goals during the fiscal year ending June 30, 2012 relating to the total number of connections, total revenues, operating expenses, and operating earnings. Operating earnings is defined as earnings before interest and taxes (after bonus accruals and stock awards) and before non-operating gains or losses. The number of eligible shares to be awarded to the executives is based upon the following weightings: 30% by the total number of connections; 30% by total revenues; 10% by operating expenses; and 30% by operating earnings. No awards would be made under the 2012 Plan if either (i) none of the minimum, threshold performance target goals have been achieved, or (ii) if operating earnings for the 2012 fiscal year are not equal or better than those during the 2011 fiscal year.

If all of the target performance goals are achieved, the executive officers would be awarded the following number of shares: Mr. Herbert – 120,000 shares; and Mr. DeMedio – 50,000 shares. If all of the minimum, threshold performance target goals are achieved, the executive officers would be awarded 20% of the number of shares which would have been awarded to them if all of the target performance goals had been achieved. If all of the maximum, distinguished performance target goals are achieved, the executive officers would be awarded 150% of the number of shares which would have been awarded to them if all of the target performance goals had been achieved. If the actual results for the fiscal year are less than the target goals (but greater than the minimum, threshold performance target goals), each executive would be awarded a lesser pro rata portion of the number of eligible shares. In the event of the occurrence of a USA Transaction during the fiscal year, and provided that the executive is an employee of USA on the date of such USA Transaction, the Plan shall be terminated and each executive shall be awarded shares as of the date of such USA Transaction as if all of the target performance goals had been met. In the event that the executive’s employment with the Company is terminated by the Company for cause during the fiscal year, or if the executive resigns his employment for any reason other than for good reason during the fiscal year, then the executive shall not be entitled to earn any award under the 2012 Plan. In the event that the executive’s employment with the Company shall be terminated by the Company during the fiscal year for any reason whatsoever other than for cause, or if the executive’s employment is terminated by the executive for good reason during the fiscal year, then the executive shall be awarded shares as if all of the target performance goals had been meet. If the executive’s employment is terminated during the fiscal year as a result of death or disability, the executive shall nevertheless be eligible to earn shares under the 2012 Plan as if he had remained employed with the Company through the end of the fiscal year.

Notwithstanding the above description of the 2012 Plan, the executives would receive shares from the Company pursuant to the 2012 Plan only if and to the extent that shares would be available to be issued to the executives under the existing 2011 stock incentive plan or another stock plan that has been approved by the shareholders of the Company in accordance with NASDAQ Listing Rule 5635(c). If there would not be a sufficient number of shares available to be issued to the executives, the Company would pay to the executives an amount of cash equal to the value of those shares not available to be issued to the executives. In such event, the executives would be required to utilize the cash payment, net of any withholding, payroll or other taxes attributable to the cash payment, to purchase shares of common stock of the Company on the open market.

As of September 15, 2011 and through June 27, 2012, there were not sufficient shares available under the existing 2011 stock incentive plan or another stock plan that had been approved by the shareholders of the Company; consequently, the Company may have been required to deliver to the executives an amount of cash equal to the value of shares earned but not available to be issued to the executives. Therefore, in accordance with ASC Topic 718, “Stock Compensation”, this award was accounted for as a liability of the Company through June 27, 2012. On June 28, 2012, the Company’s shareholders approved the 2012 Stock Incentive Plan, which includes sufficient shares for the 2012 Plan. Accordingly, for the fiscal year ended June 30, 2012 the Company recorded stock compensation expense of $197,613 for the vesting of 136,285 shares of Common Stock – 96,201 shares to Mr. Herbert and 40,084 shares to Mr. DeMedio.

Pursuant to the Separation Agreement entered into by the Company and Mr. Jensen, Mr. Jensen is not entitled to earn shares under the 2012 Plan, and therefore no award was estimated for Mr. Jensen for the fiscal 2012 year.

During the years ended June 30, 2012, 2011 and 2010, and as permitted under their employment agreements, executive officers cancelled an aggregate of 38,749, 2,217, and 5,113 shares of Common Stock, respectively, in order to satisfy an aggregate of $51,381, $2,261, and $9,668, respectively, of payroll tax withholding obligations related to shares of Common Stock which vested during the 2009 through 2012 fiscal years.

During June 2011, the Board of Directors accepted the recommendation of the Compensation Committee that each non-employee Director serving as of June 30, 2011 receive a stock award of 10,000 shares of Common Stock under the 2010 Stock Incentive Plan valued at $2.22 per share. A total of 50,000 shares of Common Stock were awarded, and the shares vest as follows: 16,665 on June 30, 2011; 16,665 on June 30, 2012; and 16,670 on June 30, 2013. In February 2012, a non-employee member of the Board of Directors forfeited and returned to the Company 6,667 and 3,333 shares of Common Stock, respectively, awarded under this grant in June 2011. As of June 30, 2012, 29,998 shares, net, have vested and been issued. In addition, due to the February 2012 forfeiture and return and changes in the composition of the Board of Directors as approved by shareholders at the Company’s annual meeting of shareholders on June 28, 2012, as of June 30, 2012, 10,002 shares of Common Stock remain reserved for future issuance and 10,000 shares will not vest under this June 2011 grant.

During the December 31, 2011 quarter, the Company announced that Steven D. Barnhart had been elected Lead Independent Director by the Company’s independent directors. The Compensation Committee of the Board of Directors recommended, and the Board approved, that Mr. Barnhart receive compensation of $40,000 per year for acting as the lead independent director to be effective from and after the date of his appointment. Such compensation may be paid in shares of the Company rather than cash if such shares are available and subject to an appropriate agreement between Mr. Barnhart and the Company. The Company issued to Mr. Barnhart 19,175 shares of common stock attributable to his service as Lead Independent Director during the year ended June 30, 2012.

During March 2012, the Board of Directors accepted the recommendation of the Compensation Committee that each of the three non-employee Directors appointed to the Board in January 2012 receive a stock award of 10,000 shares of Common Stock under the 2010 Stock Incentive Plan valued at $0.94 per share. A total of 30,000 shares of Common Stock were awarded, and the shares vest as follows: 9,999 on April 1, 2012; 9,999 on April 1, 2013; and, 10,002 on April 1, 2014. . As of June 30, 2012, 9,999 shares have vested and been issued. Due to changes in the composition of the Board of Directors as approved by shareholders at the Company’s annual meeting of shareholders on June 28, 2012, as of June 30, 2012, 13,334 shares of Common Stock remain reserved for future issuance and 6,667 shares will not vest under this March 2012 grant.

In April 2012 a Director elected to receive compensation for service on the Company’s Board of Directors in Common Stock of the Company. For the year ended June 20, 2012, the Company issued 2,299 shares of Common Stock and recorded $3,333 of expense for this director compensation.

As of June 30, 2012, the Company had reserved shares of Common Stock for future issuance for the following:

Exercise of Common Stock Options			45,333
Exercise of Common Stock Warrants			6,782,040
Conversions of Preferred Stock and cumulative Preferred Stock dividends			15,362
Issuance under 2010 Stock Incentive Plan			10,941
Issuance under 2011 Stock Incentive Plan			45,000
Issuance under 2012 Stock Incentive Plan			500,000
Issuance under Chief Executive Officer’s employment agreement upon the occurrence of a USA Transaction			140,000
Total shares reserved for future issuance			7,538,676

A summary of the status of the Company’s nonvested common shares as of June 30, 2012, 2011, and 2010, and changes during the years then ended is presented below:

				Weighted-Average
				Grant-Date
	Shares			Fair Value
Nonvested Shares
Nonvested at June 30, 2009		331,433		$	5.81
Granted		39,000			1.75
Vested		(40,000	)		2.47
Vested- FY 2010 (LTIP)		(86,342	)		5.90
Forfeited- FY 2010 (LTIP)		(231,091	)		5.90
Nonvested at June 30, 2010		13,000		$	1.75
Granted		305,000			2.18
Vested		(130,665	)		1.93
Nonvested at June 30, 2011		187,335		$	2.32
Granted		473,285			1.58
Vested		(380,282	)		1.73
Forfeited due to Separation Agreement		(91,667	)		2.00
Forfeited, Director changes		(16,668	)		1.71
Nonvested at June 30, 2012		172,003		$	1.82

The 172,003 nonvested shares of Common Stock as of June 30, 2012 were granted under the 2010, 2011, and 2012 stock incentive plans and the related to employment agreements and non-employee Board of Director grants. A discussion of assumptions used in calculating the number of shares and weighted-average grant date fair value is included above in Note 11 of the Consolidated Financial Statements.

COMMON STOCK WARRANTS AND OPTIONS

12 Months Ended

Jun. 30, 2012

Common Stock Warrants and Options [Abstract]

COMMON STOCK WARRANTS AND OPTIONS

12. COMMON STOCK WARRANTS AND OPTIONS

Common Stock Warrant activity for the years ended June 30, 2012, 2011, and 2010 was as follows:

	Warrants
Outstanding at June 30, 2009		3,030,863
Issued		10,495,885
Exercised		-
Expired		-
Outstanding at June 30, 2010		13,526,748
Issued		4,541,670
Exercised		(1,001,219	)
Expired		(1,500,000	)
Outstanding at June 30, 2011		15,567,199
Issued		-
Exercised		(7,317	)
Expired		(7,514,263	)
Outstanding at June 30, 2012		8,045,619

All Common Stock warrants outstanding as of June 30, 2012 were exercisable. The following table shows exercise prices and expiration dates for warrants outstanding as of June 30, 2012:

		Exercise
Warrants		Price		Expiration
Outstanding		Per Share		Date
	291,432	$	2.20	August 6, 2012(1)
	17,532	$	7.70	October 17, 2012
	46,258	$	1.13	May 12, 2013
	4,402	$	1.13	July 7, 2013
	903,955	$	5.90	September 14, 2013
	2,518,040	$	1.13	December 31, 2013
	4,264,000	$	2.6058	September 18, 2016
	8,045,619

(1) Expired unexercised on August 6, 2012.

In conjunction with an October 17, 2007 Securities Purchase Agreement, the Company issued warrants to purchase up to 17,532 shares of the Company’s Common Stock at $7.70 per share at any time through October 17, 2012 to the broker dealer who acted as the exclusive placement agent in the transaction. As of June 30, 2012 no warrants have been exercised under this agreement.

In connection with a Securities Purchase Agreement with S.A.C. Capital Associates, LLC (“SAC”) entered into by the Company on March 14, 2007, the Company issued warrants to purchase 833,333 shares of Common Stock, exercisable at $6.40 per share. The warrant provided that if the Company would issue securities in the future at a purchase price that is less than the exercise price of the warrant, then the exercise price of the warrant would be reduced to such lower purchase price, provided, however, that such exercise price can never be lower than $5.90 which was the closing bid price of our shares on the day prior to the sale of our securities to SAC. The warrant also provides that in the event we issue securities at a purchase price less than the exercise price of the warrant, the number of shares issuable under the warrant shall be increased by that number of shares determined by multiplying the exercise price in effect immediately prior to such adjustment by the number of shares issuable under the warrant immediately prior to such adjustment and dividing the product thereof by the new exercise price of the warrant (which can never be less than $5.90). Under this formula, the maximum number shares would be issuable under the warrant would be 903,955. As of June 30, 2009, the original warrants to purchase 833,333 shares of Common Stock at $6.40 per share had changed to warrants to purchase 903,955 shares of Common Stock at $5.90 per share. In addition, for a period of five years, SAC has been granted the pre-emptive right to purchase that number of securities being offered for sale by the Company in order to maintain SAC’s pro-rata ownership of the Common Stock of the Company following the issuance of any such securities by the Company. The warrants are exercisable at any time through September 14, 2013 to the extent that such exercise would not result in the beneficial ownership by SAC and its affiliates of more than 9.99% of the number of shares outstanding immediately after giving effect to the issuance of shares upon exercise of the warrants. As of June 30, 2012 no warrants have been exercised under this agreement.

The warrant contains a provision that if a Fundamental Transaction occurs, notably a change in control, within ninety days of the Fundamental Transaction the warrant holder may require the Company to pay the Black-Scholes calculated value of the then unexercised warrant to the warrant holder in cash. The fair value of the 903,955 warrants was estimated using the Black-Scholes model and applying an estimated fair value adjustment related to warrant exercise restrictions, and the Company recorded a warrant liability in its Consolidated Balance Sheet of $1,126 and $93,624 at June 30, 2012 and 2011, respectively (see Note 8).

In conjunction with the 2009 Rights Offering (see Note 11), the Company issued warrants to purchase 7,285,792 shares of Common Stock, exercisable at $2.20 per share at any time prior to December 31, 2011. Additionally, the Company issued each of the two dealer managers warrants to purchase 145,716 shares of Common Stock that were exercisable at $2.20 per share at any time prior to August 6, 2012. The dealer manager warrants expired unexercised in August 2012.

In conjunction with the 2010 Public Offering (see Note 11), the Company issued warrants to purchase 2,753,454 shares of Common Stock, exercisable at $1.13 per share at any time prior to December 31, 2013. Additionally, the Company issued the placement agent warrants to purchase 165,207 shares of Common Stock, exercisable at $1.13 per share at any time prior to May 12, 2013.

In conjunction with the 2010 Rights Offering (see Note 11), the Company issued warrants to purchase 261,953 shares of Common Stock, exercisable at $1.13 per share at any time prior to December 31, 2013. Additionally, in conjunction with the 2010 Rights Offering the Company issued the placement agent warrants to purchase 15,717 shares of Common Stock at $1.13 per share at any time through July 7, 2013.

In conjunction with the 2011 Private Placement Offering (see Note 11), the Company issued warrants to purchase 3,900,000 shares of Common Stock at an exercise price of $2.6058 per share. Additionally, the Company issued the placement agent warrants to purchase 364,000 shares of common stock at $2.6058 per share. The 4,264,000 warrants are exercisable from September 18, 2011 through September 18, 2016.

The 3,900,000 warrants issued under the 2011 Private Placement Offering contain a provision that if a Fundamental Transaction occurs, notably a change in control, the warrant holder may require the Company to pay the Black-Scholes calculated value of the then unexercised warrant to the warrant holder in cash. The fair value of the warrants was estimated, and the Company recorded a warrant liability in its Consolidated Balance Sheet of $918,566 and $2,732,253 at June 30, 2012 and 2011, respectively (see Note 8).

Prior to June 30, 2009 the Company’s Board of Directors granted options to employees and Board members to purchase shares of Common Stock at prices that were at or above fair market value on the dates the options were granted. The option term and vesting schedule were established by the contracts under which the options were granted.

Common Stock Option activity during the years ended June 30, 2012, 2011, and 2010 was as follows:

						Weighted-
				Exercise		Average
	Options			Price		Exercise
	Outstanding			Per Share		Price

Outstanding and exercisable at June 30, 2009		160,000		$	7.50-8	$	7.52
Granted		-			-		-
Expired		-			-		-
Outstanding and exercisable at June 30, 2010		160,000		$	7.50-8	$	7.52
Granted		-			-		-
Expired		(69,334	)	$	7.50	$	7.50
Outstanding and exercisable at June 30, 2011		90,666		$	7.50-8		7.53
Granted		-			-		-
Expired		(45,333	)	$	7.50-8	$	7.53
Outstanding and exercisable at June 30, 2012		45,333		$	7.50-8	$	7.53

The following table shows exercisable options, exercise prices, the weighted average remaining contractual life and the aggregate intrinsic value for options outstanding as of June 30, 2012:

					Weighted Average

Options	Options		Exercise Price Per		Remaining Life		Remaining Life		Intrinsic Value-
Outstanding	Exercisable		Share		Outstanding		Exercisable		Outstanding		Exercisable
42,333		42,333		7.50		0.94		0.94		-		-
3,000		3,000		8.00		0.97		0.97		-		-
45,333		45,333				0.95		0.95		-		-

There was no compensation expense related to the vesting of options outstanding in the years ended June 30, 2012, 2011, and 2010 as all options were vested, and all related compensation expense had been recognized, prior to the June 30, 2010 fiscal year.

RETIREMENT PLAN	12 Months Ended
RETIREMENT PLAN	Jun. 30, 2012
Compensation and Retirement Disclosure [Abstract]
RETIREMENT PLAN	13. RETIREMENT PLAN The Company’s 401(k) Plan (the “Retirement Plan”) allows employees who have completed six months of service to make voluntary contributions up to a maximum of 100% of their annual compensation, as defined in the Retirement Plan. The Company may, in its discretion, make a matching contribution, a profit sharing contribution, a qualified non-elective contribution, and/or a safe harbor 401(k) contribution to the Retirement Plan. The Company must make an annual election, at the beginning of the plan year, as to whether it will make a safe harbor contribution to the plan. In fiscal years 2012 and 2010, the Company elected and made a safe harbor matching contributions of 100% of the participant’s first 3% and 50% of the next 2% of compensation deferred into the Retirement Plan. For fiscal year 2011, the Company did not elect to make a safe harbor contribution to the plan. The Company’s safe harbor contributions for the years ended June 30, 2012 and 2010 approximated $140,000 and $160,000, respectively. The Company’s discretionary contribution for the year ended June 30, 2011 approximated $42,000.

- Definition

The entire disclosure for pension and other postretirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-URI http://asc.fasb.org/topic&trid=2235017

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Implementation Guide (Q and A)
-Number FAS88
-Paragraph 63
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
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-Subparagraph b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 106
-Paragraph 518
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 03-2
-Paragraph 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 87
-Paragraph 264
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph q
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
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-Subparagraph m
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 158
-Paragraph 7, 21, 22
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS106-2
-Paragraph 20, 21, 22
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

RELATED PARTY TRANSACTIONS	12 Months Ended
RELATED PARTY TRANSACTIONS	Jun. 30, 2012
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	14. RELATED PARTY TRANSACTIONS During the years ended June 30, 2012, 2011, and 2010, the Company incurred approximately $744,000, $513,000, and $730,000, respectively, in connection with legal services provided by a member of the Company’s Board of Directors. At June 30, 2012 and 2011, approximately $119,000 and $25,000, respectively, were due to this Board member.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39603-107864

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Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph b
-Article 3A

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

COMMITMENTS AND CONTINGENCIES

12 Months Ended

Jun. 30, 2012

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

15. COMMITMENTS AND CONTINGENCIES

The Company conducts its operations from various facilities under operating leases. The Company leases 17,249 square feet of space located in Malvern, Pennsylvania for its principal executive office and used for general administrative functions, sales activities, and product development. In November 2010, the Company entered into an amended lease of its principal executive office in Malvern, Pennsylvania, which extended the lease term from December 31, 2010 to April 2016. The amendment includes rental payments of approximately $29,000 to $32,000 as well as a four month period of no rent payments and leasehold improvements of approximately $195,000. The straight-lined rent expense for this office is approximately $26,000 per month for the duration of the lease.

The Company also leases 13,377 square feet of space, located in Malvern, Pennsylvania for its product warehousing, shipping and customer support. In October 2011, the Company amended the lease of its operations site in Malvern, Pennsylvania, to extend the lease term from December 31, 2011 to December 31, 2012 with the option to extend the lease thereafter for an additional 24-month period. The amendment includes monthly rental payments of approximately $15,100 to $16,200. Beginning in January 2012 the straight-lined rent expense for this office is approximately $15,600 per month for the duration of the amended lease period.

Rent expense under operating leases was approximately $502,000, $545,000, and $616,000 during the years ended June 30, 2012, 2011, and 2010, respectively. Future minimum lease payments subsequent to June 30, 2012 under capital leases and non-cancellable operating leases are as follows:

	Capital		Operating
	Leases		Leases

2013	$	209,534	$	450,368
2014		203,298		368,697
2015		45,122		377,322
2016		-		321,263
Thereafter		-		-
Total minimum lease payments	$	457,954	$	1,517,650
Less amount representing interest		31,947
Present value of net minimum lease payments		426,007
Less current obligations under capital leases		187,715
Obligations under capital leases, less current portion	$	238,292

On September 24, 2009, Mr. Herbert and the Company entered into an Amended and Restated Employment Agreement which replaced his prior employment agreement. The Agreement extended the term of Mr. Herbert’s employment with the Company from June 30, 2011 until September 30, 2012, and will automatically continue from year to year thereafter unless terminated as of the end of the original term or any such one year renewal period by the Company or Mr. Herbert by at least 90-days notice and Mr. Herbert was granted 9,000 shares of common stock under the 2008 Stock Incentive Plan which vested as follows: 3,000 on October 1, 2009; 3,000 on April 1, 2010; and 3,000 on September 30, 2010.

The agreement continued Mr. Herbert’s base salary at $320,000 per annum. The agreement requires Mr. Herbert to devote his full time and attention to the business and affairs of the Company, and obligates him not to engage in any investments or activities which would compete with the Company during the term of the agreement and for a period of two years thereafter. The Company has agreed to obtain and pay the premiums for a term life insurance policy in the amount of $1,500,000 on the life of Mr. Herbert while he is employed by the Company. Mr. Herbert has the right to designate the beneficiary of the policy. The Company has agreed to obtain and pay the premiums for a supplemental long term disability policy covering Mr. Herbert over and above the existing long-term group disability plan of the Company. If he shall become disabled while employed by the Company, the policy would provide for monthly disability coverage of up to 65% of his monthly base compensation payable to age 65 or death.

The agreement also provides that if Mr. Herbert would terminate his employment with the Company for good reason (as defined in the agreement), or if the Company would terminate his employment without cause (as defined in the agreement), then the Company would pay to him a lump sum equal to two times his base salary on or before the termination of his employment and all unvested restricted stock awards and stock options would become immediately vested. In addition, upon any such termination of Mr. Herbert’s employment, the Company has agreed, at its cost, for a period of two years, to continue to provide Mr. Herbert with health, life and disability benefits substantially similar to those which he had been receiving immediately prior to the date of termination. The term good reason as defined in the agreement, includes: (A) a material breach of the terms of the agreement by the Company; (B) the assignment by the Company to Mr. Herbert of duties in any way materially inconsistent with his authorities, duties, or responsibilities, or a material reduction or alteration in the nature or status of his authority, duties, or responsibilities as the President of the Company; (C) the Company reduces Mr. Herbert’s annual base salary; or (D) a material reduction by the Company in the kind or level of employee benefits to which Mr. Herbert is entitled immediately prior to such reduction with the result that his overall benefit package is significantly reduced unless such failure to continue a plan, policy, practice or arrangement pertains to all plan participants generally. As a condition to Mr. Herbert receiving any payments or benefits upon his termination of his employment for good reason, Mr. Herbert shall have executed and delivered (and not revoked) a release of any and all claims, suits, or causes of action against the Company and its affiliates in form reasonably acceptable to the Company.

The agreement also provides that as a condition of the consummation of a USA Transaction (as defined in the agreement), the successor to the Company’s business or assets would agree to assume and perform Mr. Herbert’s employment agreement. If any such successor would not do so, Mr. Herbert’s employment would terminate on the date of consummation of the USA Transaction, and the Company would pay to Mr. Herbert a lump sum equal to two times his base salary on or before the termination of his employment, all unvested restricted stock awards and stock options would become immediately vested, and, at its cost, for a period of two years would continue to provide Mr. Herbert with health, life and disability benefits substantially similar to those which he is receiving immediately prior to the date of termination.

On April 14, 2011, the Company and Mr. Herbert entered into an amendment to the employment agreement. The amendment extended the term of Mr. Herbert’s employment with the Company from September 30, 2012 until June 30, 2014. In connection with the amendment, and in recognition of his dedicated and valuable service to the Company and extending the term of his employment agreement, Mr. Herbert was issued 75,000 shares of common stock under the 2010 Stock Incentive Plan which vest as follows: 25,000 on April 14, 2011; 25,000 on April 14, 2012; and 25,000 on April 14, 2013.

On September 27, 2011, the Company and Mr. Herbert entered into a second amendment to his employment agreement. The amendment eliminated the provisions of his prior agreement which obligated the Company to pay any excise taxes attributable to any excess parachute payments which would be received by Mr. Herbert upon the occurrence of a USA Transaction as well as the Company’s related obligation to make tax gross up payments. The new agreement also stated that the premiums for Mr. Herbert’s supplemental long term disability policy being paid by the Company would now be included in his wages and be taxable to him. In exchange for eliminating the excise tax and related gross up provisions, the Company issued an aggregate of 100,000 shares of common stock to Mr. Herbert under its stock incentive plans which vest as follows: 33,333 on the date the agreement was signed by Mr. Herbert and the Company; 33,333 on the first anniversary of the date of signing; and 33,334 on the second anniversary of the date of signing.

On November 30, 2011, the Company and Mr. Herbert entered into an Amended and Restated Employment and Non-Competition Agreement that replaced his prior employment agreement with the Company. The agreement provides for an initial term continuing through January 1, 2013, which is automatically renewed for consecutive one year periods unless terminated by either Mr. Herbert or the Company upon at least ninety days notice prior to the end of the initial term or any one year extension thereof. The agreement continues the existing compensation and fringe benefits received by Mr. Herbert under Section 2 of his prior employment agreement except that (i) his base salary is $341,227 which is equal to the base salary under his prior employment agreement plus an amount equal to the cost to the Company of the car allowance and supplemental disability insurance coverage provided to him under his prior employment agreement; (ii) the car allowance and supplemental disability insurance coverage that had been provided to him under his prior employment agreement have been discontinued; and (iii) he is eligible for a cash bonus as described in the next sentence. The agreement provides for the payment to Mr. Herbert of a cash bonus of $30,000 if the Company would achieve all of the minimum threshold performance target goals under the Fiscal Year 2012 Executive Performance Plan, of $50,000 if the Company would achieve all of the target performance goals under the plan, and of $75,000 if the Company would achieve all of the maximum distinguished performance target goals under the plan.

The agreement requires Mr. Herbert to devote his full time and attention to the business and affairs of the Company, and obligates him not to engage in any investments or activities which would compete with the Company during the term of the agreement and for a period of two years thereafter. The Company has agreed to pay the premiums for a term life insurance policy in the amount of $1,500,000 on the life of Mr. Herbert while he is employed by the Company. Mr. Herbert has the right to designate the beneficiary of the policy.

The agreement also provides that if Mr. Herbert would terminate his employment with the Company for good reason (as defined in the agreement), or if the Company would terminate his employment without cause (as defined in the agreement), or if the Company would provide Mr. Herbert with a notice of non-renewal of his employment agreement, then the Company would pay to him a lump sum equal to two times his base salary on or before the termination of his employment. The term good reason as defined in the agreement, includes: (A) a material breach of the terms of the agreement by the Company; (B) the assignment by the Company to Mr. Herbert of duties in any way materially inconsistent with his authorities, duties, or responsibilities, or a material reduction or alteration in the nature or status of his authority, duties, or responsibilities as the Chief Executive Officer of the Company; (C) the Company reduces Mr. Herbert’s annual base salary; or (D) a material reduction by the Company in the kind or level of employee benefits to which Mr. Herbert is entitled immediately prior to such reduction with the result that his overall benefit package is significantly reduced unless such failure to continue a plan, policy, practice or arrangement pertains to all plan participants generally. As a condition to Mr. Herbert receiving any payments or benefits upon the termination of his employment for good reason, Mr. Herbert shall have executed and delivered (and not revoked) a release of any and all claims, suits, or causes of action against the Company and its affiliates in form reasonably acceptable to the Company.

On April 12, 2005, Mr. DeMedio and the Company entered into an employment agreement pursuant to which he was employed as the Chief Financial Officer of the Company. The agreement requires Mr. DeMedio to devote his full time and attention to the business and affairs of the Company, and obligates him not to engage in any investments or activities which would compete with the Company during the term of the agreement and for a period of one year thereafter. In the event that a USA Transaction (as defined in Mr. Jensen’s employment agreement) shall occur, then Mr. DeMedio has the right to terminate his agreement upon 30 days notice to the Company.

On September 24, 2009, the Company agreed to obtain and pay the premiums for a term life insurance policy in the amount of $750,000 on the life of Mr. DeMedio while he is employed by the Company. Mr. DeMedio has the right to designate the beneficiary of the policy. The Company has agreed to obtain and pay the premiums for a supplemental long term disability policy covering Mr. DeMedio over and above the existing long-term group disability plan of the Company. If he shall become disabled while employed by the Company, the policy would provide for monthly disability coverage of up to 65% of his monthly base compensation payable to age 65 or death. If Mr. DeMedio’s employment with the Company would be terminated without cause, the Company has agreed, at its cost, to continue to provide Mr. DeMedio with health insurance benefits substantially similar to those which he is receiving immediately prior to the date of termination for a one year period following such termination.

On April 14, 2011, the Company and Mr. DeMedio entered into an additional amendment to the employment agreement. The agreement extended the term of Mr. DeMedio’s employment with the Company from June 30, 2011 until June 30, 2014, and will automatically continue from year to year thereafter unless terminated as of the end of the original term or any such one year renewal period by the Company or Mr. DeMedio by at least 90-days notice. In connection with the amendment, and in recognition of his dedicated and valuable service to the Company and extending the term of his employment agreement, Mr. DeMedio was issued 25,000 shares of common stock under the 2010 Stock Incentive Plan which vest or vested as follows: 8,333 on April 14, 2011; 8,333 on April 14, 2012; and 8,334 on April 14, 2013.

Effective July 1, 2011, Mr. DeMedio’s annual base salary was increased to $220,000.

On September 27, 2011, the Company and Mr. DeMedio entered into another amendment to his employment agreement pursuant to which Mr. DeMedio was granted an aggregate of 25,000 shares of common stock as a bonus for his performance during the last six months of the 2011 fiscal year which vest as follows: 8,333 on the date of signing the amendment; 8,333 on the first anniversary of such signing date; and 8,334 on the second anniversary of such signing date. Mr. DeMedio also agreed that the premiums for his supplemental long term disability policy being paid by the Company would now be included in his wages and be taxable to him.

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6952336&loc=d3e14435-108349

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.25)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 440
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25287-109308

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 14
-Paragraph 3
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9, 10, 11, 12
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

SUBSEQUENT EVENTS	12 Months Ended
SUBSEQUENT EVENTS	Jun. 30, 2012
Subsequent Events [Abstract]
Subsequent Events	16. SUBSEQUENT EVENTS LINE OF CREDIT On July 10, 2012, the Company entered into a Loan and Security Agreement and other ancillary documents (the “Loan Documents”) with Avidbank Corporate Finance, a division of Avidbank (the “Bank”), providing for a secured asset-based revolving line of credit in an amount of up to $3.0 million (the “Line of Credit”). The Company intends to use advances under the Line of Credit towards the financing of growth initiatives like its JumpStart Program. The Loan Documents provide that the aggregate amount of advances under the Line of Credit shall not exceed the lesser of (i) $3.0 million, or (ii) 75% of eligible accounts receivable as defined in the Loan Documents plus 80% of the prior two months transaction processing revenues and networking service fees as defined in the Loan Documents, provided that the amounts advanced on account of such processing revenues and service fees shall not exceed $1,000,000 without the Bank’s prior consent. The outstanding balance of the amounts advanced under the Line of Credit will bear interest at 2% above the prime rate as published in The Wall Street Journal or 5% whichever is higher. Interest is payable by the Company to the Bank on a monthly basis, provided, that the minimum interest payable by the Company to the Bank with respect to each six month period shall be $20,000. The Line of Credit and the Company’s obligations under the Loan Documents are secured by substantially all of the Company’s assets, including its intellectual property. The term of the Line of Credit is one year. At the time of maturity all outstanding advances under the Line of Credit as well as any unpaid interest is due and payable. Prior to maturity of the Line of Credit, the Company may prepay amounts due under the Line of Credit without penalty, and subject to the terms of the Loan Documents, may re-borrow any such amounts. The Loan Documents contain customary affirmative and negative covenants. The Loan Documents also require the Company to achieve a minimum Adjusted EBITDA, as defined in the Loan Documents, measured on a quarterly basis, and to maintain a balance of $3.0 million of unrestricted cash in accounts with the Bank. The Loan Documents also contain customary events of default, including, among other things, payment defaults, breaches of covenants, and bankruptcy and insolvency events, subject to grace periods in certain instances. Upon an event of default, the Bank may declare all of the outstanding obligations of the Company under the Line of Credit and Loan Documents to be immediately due and payable, and exercise any other rights provided for under the Loan Documents. COMMON STOCK AND COMMON STOCK WARRANTS In July 2012, the Board of Directors accepted the recommendation of the Compensation Committee that each of the three non-employee Directors who joined the Board after March 31, 2012 receive a stock award of 10,000 shares of Common Stock. A total of 30,000 shares of Common Stock were awarded with a grant date fair value of $1.45 per share, and vest as follows: 9,999 on August 10, 2012; 9,999 on August 10, 2013; and, 10,002 on August 10, 2014. Warrants to purchase up to 291,432 shares of Common Stock, issued in conjunction with the 2009 Rights Offering (see Notes 11 and 12), exercisable at $2.20 per share expired unexercised on August 6, 2012. PROXY CONTEST AND LITIGATION The Company commenced a legal action against SAVE in May 2012. As part of the litigation, SAVE filed counterclaims against the Company and Stephen P. Herbert relating to, among other things, the June 28, 2012 annual meeting of shareholders. On August 16, 2012, the Company and SAVE entered into a Settlement and Release Agreement (the “Settlement Agreement”). Pursuant to the Settlement Agreement, the SAVE Group and the SAVE Nominees have accepted the election of all of the Company’s director nominees by the shareholders at the June 28, 2012 annual meeting of shareholders and have agreed not to contest or challenge the election results and the Company, the SAVE Group, the SAVE Nominees and the USAT Directors have agreed to dismiss with prejudice the civil action filed on May 3, 2012 in the United States District Court for the Eastern District of Pennsylvania known as USA Technologies, Inc. v. Bradley Tirpak, et al., v. Stephen P. Herbert (Civil Action No. 12-2399-TJS) as well as all of the claims and counterclaims alleged therein.

ACCOUNTING POLICIES (Policies)	12 Months Ended
ACCOUNTING POLICIES (Policies)	Jun. 30, 2012
Organization, Consolidation, Basis Of Presentation, Business Description and Accounting Policies [Abstract]
CONSOLIDATION	CONSOLIDATION The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Stitch Networks Corporation (“Stitch”) and USAT Capital Corp LLC (“USAT Capital”). All significant intercompany accounts and transactions have been eliminated in consolidation.
USE OF ESTIMATES	USE OF ESTIMATES The preparation of the financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.
RECLASSIFICATION	RECLASSIFICATION Certain amounts in prior period financial statements have been reclassified to conform to the current period presentation.
CASH EQUIVALENTS	CASH EQUIVALENTS Cash equivalents represent all highly liquid investments with original maturities of three months or less. Cash equivalents are comprised of money market funds. The Company maintains its cash in bank deposit accounts, which may exceed federally insured limits at times. Included in cash and cash equivalents at June 30, 2012 and 2011 was approximately $0 and $410,000, respectively, of cash received by the Company for transaction processing services which is payable to our customers. Included in accounts receivable are amounts for transactions processed with our card processers for which cash has not been received by the Company and included in accounts payable are amounts for transactions processed with our card processers and due to our customers, which are recorded net of fees due to the Company. Generally, contractual terms require us to remit amounts owed to our customers on a weekly basis.
ACCOUNTS RECEIVABLE	ACCOUNTS RECEIVABLE Accounts receivable are reported at their outstanding unpaid principal balances reduced by an allowance for doubtful accounts. The Company estimates doubtful accounts for accounts receivable and finance receivables based on historical bad debts, factors related to specific customers’ ability to pay and current economic trends. The Company writes off accounts receivable against the allowance when management determines the balance is uncollectible and the Company ceases collection efforts. Management believes that the allowance accrued is adequate to provide for its estimated credit losses.
FINANCE RECEIVABLES	FINANCE RECEIVABLES The Company offers extended payment terms to certain customers for equipment sales. During the year ended June 30, 2010, the Company started offering customers its Quick Start Program. In accordance with the Financial Accounting Standards Board Accounting Standards Codification® (“ASC”) Topic 840, “Leases”, agreements under the Quick Start Program qualify for sales-type lease accounting. Accordingly, the future minimum lease payments are classified as finance receivables in the Company’s consolidated balance sheets. Notes receivable or Quick Start leases are generally for a 36 month term. Finance receivables are carried at their contractual amount and charged off against the allowance for credit losses when management determines that recovery is unlikely and the Company ceases collection efforts. The Company recognizes a portion of the note or lease payments as interest income in the accompanying consolidated financial statements based on the effective interest rate method.
INVENTORY	INVENTORY Inventory consists of finished goods and packaging materials. The Company’s inventory is stated at the lower of cost (average cost basis) or market.
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS The Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2010-06, “Fair Value Measurements and Disclosures (“Topic 820”): Improving Disclosures about Fair Value Measurements.” ASU 2009-06 amends certain disclosure requirements of Subtopic 820-10. This ASU provides additional disclosures for transfers in and out of Levels 1 and 2 and for activity in Level 3. This ASU also clarifies certain other existing disclosure requirements including level of desegregation and disclosures around inputs and valuation techniques. The Company’s financial assets and liabilities are measured using inputs from the three levels of the fair value hierarchy. The three levels are as follows: Level 1- Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Level 2- Inputs are other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (i.e., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs). Level 3- Inputs are unobservable and reflect the Company’s assumptions that market participants would use in pricing the asset or liability. The Company develops these inputs based on the best information available. The Company’s financial instruments, principally cash equivalents, accounts receivable, finance receivables, prepaid expenses and other assets, accounts payable and accrued expenses, are carried at cost which approximates fair value due to the short-term maturity of these instruments. The fair value of the Company’s obligations under its long-term debt and credit agreements approximates their carrying value as such instruments are at market rates currently available to the Company.
PROPERTY AND EQUIPMENT	PROPERTY AND EQUIPMENT Property and equipment are recorded at cost. Property and equipment are depreciated on the straight-line basis over the estimated useful lives of the related assets. Leasehold improvements are amortized on the straight-line basis over the lesser of the estimated useful life of the asset or the respective lease term.
GOODWILL AND INTANGIBLE ASSETS	GOODWILL AND INTANGIBLE ASSETS Goodwill represents the excess of cost over fair value of the net assets purchased in acquisitions. The Company accounts for goodwill in accordance with ASC 350, “Intangibles – Goodwill and Other”. Under ASC 350, goodwill is not amortized to earnings, but instead is subject to periodic testing for impairment. The Company tests goodwill for impairment using a two-step process. The first step screens for potential impairment, while the second step measures the amount of impairment. The Company uses a discounted cash flow analysis to complete the first step in this process. We also give consideration to our market capitalization. Testing for impairment is to be done at least annually and at other times if events or circumstances arise that indicate that impairment may have occurred. The Company has selected April 1 as its annual test date. The Company has concluded there has been no impairment of goodwill as a result of its testing on April 1, 2012, April 1, 2011, and April 1, 2010. The Company trademarks with an indefinite economic life are not being amortized. The trademarks, not subject to amortization, are related to the miser asset group and consist of the following trademarks: 1) VendingMiser, 2) CoolerMiser, 3) PlugMiser and 4) SnackMiser. The Company tests indefinite-lived intangible assets for impairment using a two-step process. The first step screens for potential impairment, while the second step measures the amount of impairment. The Company uses a discounted cash flow analysis to complete the first step in this process. Testing for impairment is to be done at least annually and at other times if events or circumstances arise that indicate that impairment may have occurred. The Company has selected April 1 as its annual test date for its indefinite-lived intangible assets. There was no impairment expenses recorded during the fiscal years ended June 30, 2012 and 2010. In fiscal 2011 the Company concluded there was an impairment of its indefinite-lived trademarks as a result of its testing and recorded a $581,900 impairment expense in the fourth quarter of the fiscal year ended June 30, 2011 (see Note 5). Patents and trademarks, with an estimated economic life, are carried at cost less accumulated amortization, which is calculated on a straight-line basis over their estimated economic life. The Company reviews intangibles, subject to amortization, for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An asset is considered to be impaired when the sum of the undiscounted future net cash flows resulting from the use of the asset and its eventual disposition is less than its carrying amount. The amount of the impairment loss, if any, is measured as the difference between the net book value of the asset and its estimated fair value. Other than the impairment charge recorded in fiscal 2011 described above, as of June 30, 2012 and 2011, the Company has concluded there has been no impairment of its other patents or trademarks that is subject to amortization.
IMPAIRMENT OF LONG LIVED ASSETS	IMPAIRMENT OF LONG LIVED ASSETS In accordance with ASC 360, “Impairment or Disposal of Long-Lived Assets”, the Company reviews its long-lived assets whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. If the carrying amount of an asset or group of assets exceeds its net realizable value, the asset will be written down to its fair value. In the period when the plan of sale criteria of ASC 360 are met, long-lived assets are reported as held for sale, depreciation and amortization cease, and the assets are reported at the lower of carrying value or fair value less costs to sell. The Company has concluded that the carrying amount of long-lived assets is recoverable as of June 30, 2012 and 2011.
CONCENTRATION OF CREDIT RISK	CONCENTRATION OF CREDIT RISK Financial instruments that subject the Company to a concentration of credit risk consist principally of cash and cash equivalents and accounts and finance receivables. The Company maintains cash and cash equivalents with various financial institutions. Approximately 46% and 22% of the Company’s accounts and finance receivables at June 30, 2012 and 2011, respectively, were concentrated with two and one customer(s), respectively. Approximately 43%, 48%, and 52% of the Company’s license and transaction processing revenues for the years ended June 30, 2012, 2011, and 2010, respectively, were concentrated with two customers - 25%, 23%, and 17%, respectively, with one; and 18%, 25%, and 35%, respectively, with another. There was no concentration of equipment sales revenue for the year ended June 30, 2012 and 2011. For the year ended June 30, 2010, approximately 11% of the Company’s equipment sales revenue was concentrated with one customer. The Company’s customers are principally located in the United States.
REVENUE RECOGNITION	REVENUE RECOGNITION Revenue from the sale of equipment is recognized on the terms of freight-on-board shipping point. Activation fee revenue is recognized when the Company’s cashless payment device is initially activated for use on the Company network. Transaction processing revenue is recognized upon the usage of the Company’s cashless payment and control network. License fees for access to the Company’s devices and network services are recognized on a monthly basis. In all cases, revenue is only recognized when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the price is fixed and determinable, and collection of the resulting receivable is reasonably assured. The Company estimates an allowance for product returns at the date of sale.
EQUIPMENT RENTAL	EQUIPMENT RENTAL During the year ended June 30, 2010, the Company commenced a rental program, the JumpStart Program (“JumpStart”), for its ePort devices. The JumpStart terms are typically 36 months and are cancellable with sixty days written notice. In accordance with ASC 840, “Leases”, the Company classifies the rental agreements as operating leases. For the years ended June 30, 2012, 2011, and 2010, there was approximately $607,000, $597,000, and $369,000, respectively, of activation fee revenue related to JumpStart equipment included in equipment sales in the Consolidated Statements of Operations. There was also approximately $6,099,000, $2,725,000, and 433,000 of service fee revenue related to JumpStart equipment included in license and transaction fees in the Consolidated Statements of Operations for the years ended June 30, 2012, 2011, and 2010, respectively. Cost for the JumpStart revenues, which consists of depreciation expense on the JumpStart equipment, approximated $1,740,000, $933,000, and 105,000 for the years ended June 30, 2012, 2011, and 2010, respectively, and were included in cost of services in the Consolidated Statements of Operations. At June 30, 2012 and 2011, $9,793,000 and $5,735,000 of ePort equipment utilized by the JumpStart Program was included in property and equipment, net on the consolidated balance sheet (see Note 4).
WARRANTY COSTS	WARRANTY COSTS The Company generally warrants its products for one to three years. Warranty costs are estimated and recorded at the time of sale based on historical warranty experience, if available. These costs are reviewed and adjusted, if necessary, periodically throughout the year.
SHIPPING AND HANDLING	SHIPPING AND HANDLING Shipping and handling fees billed to our customers in connection with sales are recorded as revenue. The costs incurred for shipping and handling of our product are recorded as cost of sales.
RESEARCH AND DEVELOPMENT EXPENSES	RESEARCH AND DEVELOPMENT EXPENSES Research and development expenses are expensed as incurred. Research and development expenses, which are included in selling, general and administrative expenses in the consolidated statements of operations, were approximately $1,768,000, $997,000, and $1,864,000, for the years ended June 30, 2012, 2011, and 2010, respectively. Our research and development initiatives focus on adding features and functionality to our system solutions through the development and utilization of our processing and reporting network and new technology.
ACCOUNTING FOR EQUITY AWARDS	ACCOUNTING FOR EQUITY AWARDS In accordance with ASC 718 the cost of employee services received in exchange for an award of equity instruments is based on the grant-date fair value of the award and allocated over the vesting period of the award. The Company recorded stock compensation expense of $584,487, $302,471, and $87,354 related to common stock grants and vesting of shares previously granted to employees and directors during the years ended June 30, 2012, 2011, and 2010, respectively. These expenses exclude the Fiscal Year 2012 Performance Share Plan (the “2012 Plan”) and the Long-Term Equity Incentive Program (“LTIP” or the “LTIP Program”) covering the Company’s executive officers. On September 15, 2011, at the recommendation of the Compensation Committee, the board of directors adopted the “2012 Plan”. The Company recorded expense of $197,613 for the year ended June 30, 2012 for the award earned by Company’s executive officers under the 2012 Plan. The Company recorded stock compensation expense of $54,395 and $43,171 related to the vesting of shares and the change in fair value of the of shares awarded under the LTIP Program during the years ended June 30, 2011 and 2010, respectively (see Note 11), the last years of the LTIP Program. There were no common stock options granted, vested or recorded as expense during the years ended June 30, 2012, 2011 and 2010. During the 2012 fiscal year, 42,333 and 3,000 common stock options, with exercise prices of $7.50 and $8.00, respectively, expired unexercised.
INCOME TAXES	INCOME TAXES The Company follows the provisions of FASB ASC 740, Accounting for Uncertainty in Income Taxes, which provides detailed guidance for the financial statement recognition, measurement and disclosure of uncertain tax positions recognized in the financial statements. Tax positions must meet a “more-likely-than-not” recognition threshold at the effective date to be recognized upon the adoption of ASC 740 and in subsequent periods. Upon the adoption of ASC 740, the Company had no unrecognized tax benefits. No liabilities have been recorded for uncertain tax positions. Income taxes are computed using the asset and liability method of accounting. Under the asset and liability method, a deferred tax asset or liability is recognized for estimated future tax effects attributable to temporary differences and carryforwards. The measurement of deferred income tax assets is adjusted by a valuation allowance, if necessary, to recognize future tax benefits only to the extent, based on available evidence it is more likely than not such benefits will be realized. The Company recognizes interest and penalties, if any, related to uncertain tax positions in selling, general and administrative expenses. No interest and penalties related to uncertain tax positions were accrued or incurred during the years ended June 30, 2012, 2011, and 2010. The Company files income tax returns in the United States federal jurisdiction and various state jurisdictions. The tax years ended June 30, 2009 through June 30, 2012 remains open to examination by taxing jurisdictions to which the Company are subject. As of June 30, 2012, the Company did not have any income tax examinations in process.
LOSS PER COMMON SHARE	LOSS PER COMMON SHARE Basic earnings per share are calculated by dividing income (loss) applicable to common shares by the weighted average common shares outstanding for the period. Diluted earnings per share is calculated by dividing income (loss) applicable to common shares by the weighted average common shares outstanding for the year plus the effect of potential common shares (approximately 8,106,040, 15,673,000, and 13,787,000 shares as of June 30, 2012, 2011, and 2010, respectively) unless such effect is anti-dilutive. No exercise of stock options (45,333); or stock purchase warrants (8,045,619); or the conversion of preferred stock (4,430) or cumulative preferred dividends (10,932) was assumed during the fiscal year ended June 30, 2012 because the result would be anti-dilutive. No exercise of stock options (90,666); or stock purchase warrants (15,567,199); or the conversion of preferred stock (4,430) or cumulative preferred dividends (10,267) was assumed during the fiscal year ended June 30, 2011 because the result would be anti-dilutive. No exercise of stock options (160,000) or stock purchase warrants (13,526,748); or the conversion of preferred stock (4,445) or cumulative preferred dividends (9,635); or the issuance of shares granted under LTIP (86,342) was assumed during the fiscal year ended June 30, 2010 because the result would be anti-dilutive.
RECENT ACCOUNTING PRONOUCEMENTS	RECENT ACCOUNTING PRONOUCEMENTS The Company does not believe that the following recent accounting pronouncements or any other recently issued, but not yet effective accounting standards will have a material effect on the Company’s consolidated financial position, results of operations, or cash flows. In September 2011, the Financial Accounting Standards Board issued ASU 2011-08 Intangibles—Goodwill and Other (Topic 350): Testing Goodwill for Impairment. This will be effective for the Company beginning with the fiscal year ending June 30, 2013. In December 2011, the Financial Accounting Standards Board issued ASU 2011-11 Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities. This will be effective for the Company beginning with the fiscal year ending June 30, 2014. In December 2011, the Financial Accounting Standards Board issued ASU 2011-12 Comprehensive Income (Topic 220): Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05. This will be effective for the Company beginning with the fiscal year ending June 30, 2013. In July 2012, the Financial Accounting Standards Board issued ASU 2012-02 Intangibles—Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment. This will be effective for the Company beginning with the fiscal year ending June 30, 2013.

FINANCE RECEIVABLES (Tables)

12 Months Ended

Jun. 30, 2012

Receivables [Abstract]

Schedule of finance receivables

	June 30,
	2012		2011
Total finance receivables	$	542,847	$	481,387
Less current portion		206,649		285,786
Non-current portion of finance receivables	$	336,198	$	195,601

Schedule of credit quality indicators

Credit Quality Indicators
As of June 30, 2012

Credit risk profile based on payment activity:

	Leases

Performing	$	542,847
Nonperforming		-
Total	$	542,847

Schedule of age analysis of past due finance receivables

Age Analysis of Past Due Finance Receivables
As of June 30, 2012

	31 – 60 Days Past Due		61 – 90 Days Past Due		Greater than 90 Days Past Due		Total Past Due		Current		Total Finance Receivables

Leases		-		2,057		18,855		20,912	$	521,935	$	542,847
Total	$	-	$	2,057	$	18,855	$	20,912	$	521,935	$	542,847

Age Analysis of Past Due Finance Receivables
As of June 30, 2011

	31 – 60 Days Past Due		61 – 90 Days Past Due		Greater than 90 Days Past Due		Total Past Due		Current		Total Finance Receivables

Leases		-		-		-		-	$	481,387	$	481,387
Total	$	-	$	-	$	-	$	-	$	481,387	$	481,387

PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Jun. 30, 2012

Property, Plant and Equipment [Abstract]

Schedule of property and equipment

	Useful	June 30,
	Lives	2012			2011
Computer equipment and purchased software	3-7 years	$	4,682,276		$	4,335,163
Property and equipment used for Rental Program	5 years		12,523,254			6,768,584
Furniture and equipment	3-7 years		805,077			785,960
Leasehold improvements	Lesser of life or lease term		465,587			271,759
Vehicles	5 years		-			29,066
			18,476,194			12,190,532
Less accumulated depreciation			(6,676,086	)		(4,794,757	)
		$	11,800,108		$	7,395,775

INTANGIBLE ASSETS (Tables)

12 Months Ended

Jun. 30, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of amortization expense relating to all acquired intangible assets

	June 30, 2012
	Gross
	Carrying		Accumulated				Net Carrying
	Amount		Amortization					Value
Intangible assets:

Trademarks	$	1,482,100		$	(1,050,000	)		$	432,100
Patents		9,294,000			(8,529,647	)			764,353
Total	$	10,776,100		$	(9,579,647	)		$	1,196,453

	June 30, 2011
	Gross
	Carrying		Accumulated				Net Carrying
	Amount		Amortization					Value
Intangible assets:

Trademarks	$	1,482,100		$	(949,375	)		$	532,725
Patents		9,294,000			(7,632,372	)			1,661,628
Total	$	10,776,100		$	(8,581,747	)		$	2,194,353

ACCRUED EXPENSES (Tables)

12 Months Ended

Jun. 30, 2012

Accrued Liabilities [Abstract]

Schedule of accrued liabilities

	June 30,
	2012		2011
Accrued compensation and related sales commissions	$	767,926	$	269,335
Accrued professional fees		482,664		197,964
Accrued taxes and filing fees		663,078		302,147
Advanced customer billings		311,767		100,398
Accrued Proxy costs		992,520		-
Accrued rent		278,862		114,511
Accrued other		271,880		270,444
	$	3,768,697	$	1,254,799

LONG-TERM DEBT (Tables)

12 Months Ended

Jun. 30, 2012

Debt Disclosure [Abstract]

Schedule of long-term debt

	June 30,
	2012		2011
Capital lease obligations	$	426,007	$	84,043
Loan agreement		302,323		169,018
		728,330		253,061
Less current portion		466,056		155,428
	$	262,274	$	97,633

Schedule of maturities of long-term debt

2013	$	466,055
2014		209,476
2015		52,799
	$	728,330

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 22
-Article 5

+ Details

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Jun. 30, 2012

Fair Value Disclosures [Abstract]

Schedule of fair value of financial instruments required to be measured at fair value

June 30, 2012	Level 1			Level 2		Level 3		Total

Cash equivalents	$	141,107	$	-		$	-	$	141,107
Common stock warrant liability, warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016	$	-	$	-		$	917,440	$	917,440
Common stock warrant liability, warrants exercisable at $5.90 through September 14, 2013	$	-	$	-		$	1,126	$	1,126

June 30, 2011	Level 1			Level 2		Level 3		Total

Cash equivalents	$	83,267		$	-	$	-	$	83,267
Common stock warrant liability, warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016	$	-		$	-	$	2,638,629	$	2,638,629
Common stock warrant liability, warrants exercisable at $5.90 through September 14, 2013	$	-		$	-	$	93,624	$	93,624

Schedule of fair value, liabilities measured on recurring basis, unobservable input reconciliation

	June 30,
	2012			2011
Beginning balance	$	(2,732,253	)	$	-
Issuance of common stock warrants, exercisable at $2.6058 per share		-			(1,917,122	)
Recognize liability of warrants, exercisable at $5.90 per share; attributed to loss due to change in fair value		-			(151,631	)
Gain/ (Loss) due to change in fair value of warrant liabilities, net		1,813,687			(663,500	)
Ending balance	$	(918,566	)	$	(2,732,253	)

- Definition

Tabular disclosure related to assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a recurring and/or nonrecurring basis in periods after initial recognition. Disclosures include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3) as well as transfers between levels 1 and 2.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19279-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a,b,bb)
-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2C
-URI http://asc.fasb.org/extlink&oid=7578670&loc=SL7498348-110258

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19190-110258

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 32
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 33
-Subparagraph a, b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 6
-Footnote 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References + Details

INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2012

Income Tax Disclosure [Abstract]

Schedule of net deferred tax assets arose primarily from net operating loss carryforwards

	June 30,
		2012			2011
Deferred tax assets:
Net operating loss carryforwards		$	48,825,628		$	46,695,537
Deferred research and development costs			185,940			218,622
Intangibles			1,059,409			1,003,047
Stock-based compensation			694,407			476,273
Other			955,279			685,861
			51,720,663			49,079,340
Deferred tax liabilities:
Intangibles and goodwill			(12,599	)		(105,353	)
Deferred tax assets, net			51,708,064			48,973,987
Valuation allowance			(51,720,663	)		(48,973,987	)
Deferred tax (liabilities) assets, net of allowance		$	(12,599	)	$	-

COMMON STOCK (Tables)

12 Months Ended

Jun. 30, 2012

Common Stock [Abstract]

Schedule of reserved shares of Common Stock for future issuance

Exercise of Common Stock Options			45,333
Exercise of Common Stock Warrants			6,782,040
Conversions of Preferred Stock and cumulative Preferred Stock dividends			15,362
Issuance under 2010 Stock Incentive Plan			10,941
Issuance under 2011 Stock Incentive Plan			45,000
Issuance under 2012 Stock Incentive Plan			500,000
Issuance under Chief Executive Officer’s employment agreement upon the occurrence of a USA Transaction			140,000
Total shares reserved for future issuance			7,538,676

Schedule of nonvested common shares

				Weighted-Average
				Grant-Date
	Shares			Fair Value
Nonvested Shares
Nonvested at June 30, 2009		331,433		$	5.81
Granted		39,000			1.75
Vested		(40,000	)		2.47
Vested- FY 2010 (LTIP)		(86,342	)		5.90
Forfeited- FY 2010 (LTIP)		(231,091	)		5.90
Nonvested at June 30, 2010		13,000		$	1.75
Granted		305,000			2.18
Vested		(130,665	)		1.93
Nonvested at June 30, 2011		187,335		$	2.32
Granted		473,285			1.58
Vested		(380,282	)		1.73
Forfeited due to Separation Agreement		(91,667	)		2.00
Forfeited, Director changes		(16,668	)		1.71
Nonvested at June 30, 2012		172,003		$	1.82

COMMON STOCK WARRANTS AND OPTIONS (Tables)

12 Months Ended

Jun. 30, 2012

Common Stock Warrants and Options [Abstract]

Schedule of common stock warrant activity

	Warrants
Outstanding at June 30, 2009		3,030,863
Issued		10,495,885
Exercised		-
Expired		-
Outstanding at June 30, 2010		13,526,748
Issued		4,541,670
Exercised		(1,001,219	)
Expired		(1,500,000	)
Outstanding at June 30, 2011		15,567,199
Issued		-
Exercised		(7,317	)
Expired		(7,514,263	)
Outstanding at June 30, 2012		8,045,619

Schedule of exercise prices and expiration dates for warrants outstanding

		Exercise
Warrants		Price		Expiration
Outstanding		Per Share		Date
	291,432	$	2.20	August 6, 2012(1)
	17,532	$	7.70	October 17, 2012
	46,258	$	1.13	May 12, 2013
	4,402	$	1.13	July 7, 2013
	903,955	$	5.90	September 14, 2013
	2,518,040	$	1.13	December 31, 2013
	4,264,000	$	2.6058	September 18, 2016
	8,045,619

(1) Expired unexercised on August 6, 2012.

Schedule of common stock option activity

						Weighted-
				Exercise		Average
	Options			Price		Exercise
	Outstanding			Per Share		Price

Outstanding and exercisable at June 30, 2009		160,000		$	7.50-8	$	7.52
Granted		-			-		-
Expired		-			-		-
Outstanding and exercisable at June 30, 2010		160,000		$	7.50-8	$	7.52
Granted		-			-		-
Expired		(69,334	)	$	7.50	$	7.50
Outstanding and exercisable at June 30, 2011		90,666		$	7.50-8		7.53
Granted		-			-		-
Expired		(45,333	)	$	7.50-8	$	7.53
Outstanding and exercisable at June 30, 2012		45,333		$	7.50-8	$	7.53

Schedule of exercisable options, exercise prices, the weighted average remaining contractual life and the aggregate intrinsic value for options outstanding

					Weighted Average

Options	Options		Exercise Price Per		Remaining Life		Remaining Life		Intrinsic Value-
Outstanding	Exercisable		Share		Outstanding		Exercisable		Outstanding		Exercisable
42,333		42,333		7.50		0.94		0.94		-		-
3,000		3,000		8.00		0.97		0.97		-		-
45,333		45,333				0.95		0.95		-		-

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References + Details

COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Jun. 30, 2012

Commitments and Contingencies Disclosure [Abstract]

Schedule of capital leases and noncancellable operating leases

	Capital		Operating
	Leases		Leases

2013	$	209,534	$	450,368
2014		203,298		368,697
2015		45,122		377,322
2016		-		321,263
Thereafter		-		-
Total minimum lease payments	$	457,954	$	1,517,650
Less amount representing interest		31,947
Present value of net minimum lease payments		426,007
Less current obligations under capital leases		187,715
Obligations under capital leases, less current portion	$	238,292

ACCOUNTING POLICIES (Detail Textuals) - USD ($)	12 Months Ended
ACCOUNTING POLICIES (Detail Textuals) - USD ($)	Jun. 30, 2012	Jun. 30, 2011
Organization, Consolidation, Basis Of Presentation, Business Description and Accounting Policies [Abstract]
Cash received on transaction processing services	$ 0	$ 410,000
Term of notes receivable or quick start leases	36 months
Impairment of indefinite-lived trademarks		$ 581,900

ACCOUNTING POLICIES (Detail Textuals 1) - customers	12 Months Ended
ACCOUNTING POLICIES (Detail Textuals 1) - customers	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
License and transaction processing revenues
Concentration Risk [Line Items]
Concentration percentage	43.00%	48.00%	52.00%
Number of entities	2	2	2
License and transaction processing revenues \| Customer one
Concentration Risk [Line Items]
Concentration percentage	25.00%	23.00%	17.00%
License and transaction processing revenues \| Customer two
Concentration Risk [Line Items]
Concentration percentage	18.00%	25.00%	35.00%
Accounts and finance receivables
Concentration Risk [Line Items]
Concentration percentage	46.00%	22.00%
Number of entities	2	1
Equipment sales revenue
Concentration Risk [Line Items]
Concentration percentage			11.00%
Number of entities			1

ACCOUNTING POLICIES (Detail Textuals 2) - USD ($)	12 Months Ended
ACCOUNTING POLICIES (Detail Textuals 2) - USD ($)	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Operating Leased Assets [Line Items]
Depreciation expense	$ 1,500,775	$ 1,424,365	$ 1,570,043
ePort equipment included in property and equipment, net	11,800,108	7,395,775
Research and development expenses	1,768,000	997,000	1,864,000
Charges incurred in connection with the vesting and issuance of common stock for employee and director compensation	782,100	302,471	87,354
Charges incurred in connection with the Long-term Equity Incentive Plan		54,395	43,171
Vesting of shares under the 2012 stock incentive plan	197,613
Jump start equipment
Operating Leased Assets [Line Items]
Activation fee revenue	607,000	597,000	369,000
Service fee revenue	6,099,000	2,725,000	433,000
Depreciation expense	1,740,000	933,000	$ 105,000
ePort equipment included in property and equipment, net	$ 9,793,000	$ 5,735,000

ACCOUNTING POLICIES (Detail Textuals 3) - shares	12 Months Ended
ACCOUNTING POLICIES (Detail Textuals 3) - shares	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted average common shares outstanding	8,106,040	15,673,000	13,787,000
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted average common shares outstanding	45,333	90,666	160,000
Stock purchase warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted average common shares outstanding	8,045,619	15,567,199	13,526,748
Preferred stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted average common shares outstanding	4,430	4,430	4,445
Cumulative preferred dividends
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted average common shares outstanding	10,932	10,267	9,635
Long-Term Equity Incentive Program
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted average common shares outstanding			86,342

- Definition

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Antidilution
-URI http://asc.fasb.org/extlink&oid=6505113

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Diluted Earnings Per Share
-URI http://asc.fasb.org/extlink&oid=6510752

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Contingent Stock Agreement
-URI http://asc.fasb.org/extlink&oid=6508534

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 13, 14
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

ACCOUNTING POLICIES (Detail Textuals 4) - Stock options - $ / shares	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Expired	(45,333)	(69,334)
Exercise Price $7.50
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Expired	42,333
Options, Outstanding, Exercise Price Per Share	$ 7.50	$ 7.50
Exercise Price $8.00
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Expired	3,000
Options, Outstanding, Exercise Price Per Share	$ 8.00	$ 8.00

FINANCE RECEIVABLES - Finance Receivables (Details) - USD ($)	Jun. 30, 2012	Jun. 30, 2011
Receivables [Abstract]
Total finance receivables	$ 542,847	$ 481,387
Finance receivables	206,649	285,786
Non-current portion of finance receivables	$ 336,198	$ 195,601

- Definition

An amount representing an agreement for an unconditional promise by the maker to pay the Company (holder) a definite sum of money within one year from the balance sheet date (or the normal operating cycle, whichever is longer), net of any write-downs taken for collection uncertainty on the part of the holder. Such amount may include accrued interest receivable in accordance with the terms of the debt. The debt also may contain provisions and related items including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. This amount does not include amounts related to receivables held-for-sale.

+ References + Details

FINANCE RECEIVABLES - Credit risk profile based on payment activity (Details 1) - USD ($)	Jun. 30, 2012	Jun. 30, 2011
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net	$ 542,847	$ 481,387
Leases
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net	542,847
Performing
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net	542,847
Performing \| Leases
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net	542,847
Nonperforming
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net
Nonperforming \| Leases
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net

FINANCE RECEIVABLES - Age analysis of past due finance receivables (Details 2) - USD ($)	Jun. 30, 2012	Jun. 30, 2011
Financing Receivable, Recorded Investment, Past Due [Line Items]
31-60 Days Past Due
61-90 Days Past Due	2,057
Greater than 90 Days Past Due	18,855
Total Past Due	20,912
Current	521,935	481,387
Total Finance Receivables	542,847	$ 481,387
Leases
Financing Receivable, Recorded Investment, Past Due [Line Items]
31-60 Days Past Due
61-90 Days Past Due	2,057
Greater than 90 Days Past Due	18,855
Total Past Due	20,912
Current	521,935
Total Finance Receivables	$ 542,847

PROPERTY AND EQUIPMENT (Details) - USD ($)	12 Months Ended
PROPERTY AND EQUIPMENT (Details) - USD ($)	Jun. 30, 2012	Jun. 30, 2011
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 18,476,194	$ 12,190,532
Less accumulated depreciation	(6,676,086)	(4,794,757)
Property and equipment, net	11,800,108	7,395,775
Computer Equipment and Purchased Software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 4,682,276	4,335,163
Computer Equipment and Purchased Software \| Minimum
Property, Plant and Equipment [Line Items]
Useful Lives	3 years
Computer Equipment and Purchased Software \| Maximum
Property, Plant and Equipment [Line Items]
Useful Lives	7 years
Property and equipment used for Rental Program
Property, Plant and Equipment [Line Items]
Useful Lives	5 years
Property, plant and equipment, gross	$ 12,523,254	6,768,584
Less accumulated depreciation	(2,731,000)	(1,034,000)
Furniture and Fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 805,077	785,960
Furniture and Fixtures \| Minimum
Property, Plant and Equipment [Line Items]
Useful Lives	3 years
Furniture and Fixtures \| Maximum
Property, Plant and Equipment [Line Items]
Useful Lives	7 years
Leasehold Improvements
Property, Plant and Equipment [Line Items]
Useful Lives	Lesser of life or lease term
Property, plant and equipment, gross	$ 465,587	271,759
Vehicles
Property, Plant and Equipment [Line Items]
Useful Lives	5 years
Property, plant and equipment, gross		$ 29,066

PROPERTY AND EQUIPMENT (Detail Textuals) - USD ($)	12 Months Ended
PROPERTY AND EQUIPMENT (Detail Textuals) - USD ($)	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Property, Plant and Equipment [Line Items]
Assets under capital lease	$ 1,863,000	$ 1,459,000
Capital lease amortization included in depreciation expense	189,000	277,000	$ 263,000
Accumulated depreciation attributable to the Lessor Equipment is included in accumulated depreciation	6,676,086	4,794,757
Jump Start Program
Property, Plant and Equipment [Line Items]
Accumulated depreciation attributable to the Lessor Equipment is included in accumulated depreciation	$ 2,731,000	$ 1,034,000

- Definition

The cumulative amount of depreciation, depletion and amortization (related to property, plant and equipment, but not including land) that has been recognized in the income statement.

+ References + Details

INTANGIBLE ASSETS (Details) - USD ($)	Jun. 30, 2012	Jun. 30, 2011
Intangible assets:
Gross Carrying amount	$ 10,776,100	$ 10,776,100
Accumulated Amortization	(9,579,647)	(8,581,747)
Net Carrying Value	1,196,453	2,194,353
Trademarks
Intangible assets:
Gross Carrying amount	1,482,100	1,482,100
Accumulated Amortization	(1,050,000)	(949,375)
Net Carrying Value	432,100	532,725
Patents
Intangible assets:
Gross Carrying amount	9,294,000	9,294,000
Accumulated Amortization	(8,529,647)	(7,632,372)
Net Carrying Value	$ 764,353	$ 1,661,628

INTANGIBLE ASSETS (Detail Textuals) - USD ($)	12 Months Ended
INTANGIBLE ASSETS (Detail Textuals) - USD ($)	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense relating to all acquired intangible assets	$ 2,443,054	$ 1,553,978	$ 783,415
Carrying value of indefinite-lived trademarks	$ 432,100	$ 1,014,000

INTANGIBLE ASSETS (Detail Textuals 2) - Trademarks	12 Months Ended
INTANGIBLE ASSETS (Detail Textuals 2) - Trademarks	Jun. 30, 2011 USD ($)
Finite-Lived Intangible Assets [Line Items]
Fair value of the trademarks	$ 432,100
Impairment write-down	$ 581,900

INTANGIBLE ASSETS (Detail Textuals 3) - USD ($)	12 Months Ended
INTANGIBLE ASSETS (Detail Textuals 3) - USD ($)	Jun. 30, 2012	Jun. 30, 2011
Goodwill and Intangible Assets Disclosure [Abstract]
Expected amortization of the intangible assets in fiscal year 2013	$ 764,000
Expected amortization of the intangible assets in fiscal year 2014	$ 0
The weighted average useful life of amortized intangible assets	1 year
Indefinite- lived trademarks	$ 432,100	$ 432,100

ACCRUED EXPENSES (Details) - USD ($)	Jun. 30, 2012	Jun. 30, 2011
Accrued Liabilities [Abstract]
Accrued compensation and related sales commissions	$ 767,926	$ 269,335
Accrued professional fees	482,664	197,964
Accrued taxes and filing fees	663,078	302,147
Advanced customer billings	311,767	100,398
Accrued Proxy costs	992,520
Accrued rent	278,862	114,511
Accrued other	271,880	270,444
Accrued Liabilities	$ 3,768,697	$ 1,254,799

- Definition

Carrying value as of the balance sheet date of obligations incurred through that date and payable for professional fees, such as for legal and accounting services received. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References + Details

- Definition

Carrying value as of the balance sheet date of obligations incurred through that date and payable for contractual rent under lease arrangements. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References + Details

LONG-TERM DEBT - Long-term debt (Details) - USD ($)	Jun. 30, 2012	Jun. 30, 2011
Debt Instrument [Line Items]
Long-term debt	$ 728,330	$ 253,061
Less current portion	466,056	155,428
Long-term debt, less current portion	262,274	97,633
Capital lease obligations
Debt Instrument [Line Items]
Long-term debt	426,007	84,043
Loan agreement
Debt Instrument [Line Items]
Long-term debt	$ 302,323	$ 169,018

LONG-TERM DEBT - Maturities of long-term debt(Details 1) - USD ($)	Jun. 30, 2012	Jun. 30, 2011
Debt Disclosure [Abstract]
2013	$ 466,055
2014	209,476
2015	52,799
Long-term debt	$ 728,330	$ 253,061

LONG-TERM DEBT (Detail Textuals)	1 Months Ended															3 Months Ended
LONG-TERM DEBT (Detail Textuals)	Jun. 30, 2012 USD ($) Installments	Apr. 30, 2012 USD ($) Installments	Nov. 30, 2011 USD ($) Installments	Aug. 31, 2011 USD ($) Installments	Jul. 31, 2011 USD ($) Installments	Jul. 31, 2010 USD ($) Installments	May 31, 2010 USD ($) Installments	Mar. 31, 2010 USD ($) Installments	Jul. 31, 2009 USD ($) Installments	May 31, 2009 USD ($) Installments	Nov. 30, 2008 USD ($) Installments	Nov. 30, 2007 USD ($) Installments	Jul. 31, 2007 USD ($) Installments	May 31, 2007 USD ($) Installments	Mar. 31, 2007 USD ($) Installments	Apr. 30, 2008 USD ($) Installments	Jun. 30, 2011 USD ($)
Debt Instrument [Line Items]
Amount of monthly installment, capital lease	$ 457,954
Other assets	$ 80,884																$ 126,687
Financing For Insurance Policies Premium
Debt Instrument [Line Items]
Payment of finance long term debt					$ 90,372	$ 94,331
Number of equal monthly installments for finance long term debt \| Installments					9	9			9
Interest rate of finance long term debt					5.57%	4.93%			5.10%
Long term debt financed amount									$ 85,991
Capital Lease For Network Equipment
Debt Instrument [Line Items]
Payment of finance long term debt											$ 462,041			$ 305,000	$ 146,000
Number of equal monthly installments for finance long term debt \| Installments		36		36					46					36	60	36
Amount of equal monthly installments finance long term debt		$ 1,785		$ 14,145										$ 9,456	$ 2,965
Interest rate of finance long term debt									12.10%
Long term debt financed amount		$ 62,000		$ 496,000												$ 199,000
Long term debt capital lease financed amount									$ 24,836
Amount of monthly installment, capital lease									$ 677
Capital Lease For Network Equipment \| Minimum
Debt Instrument [Line Items]
Number of equal monthly installments for finance long term debt \| Installments											24
Interest rate of finance long term debt											3.75%					3.78%
Capital Lease For Network Equipment \| Maximum
Debt Instrument [Line Items]
Number of equal monthly installments for finance long term debt \| Installments											36
Interest rate of finance long term debt											12.35%					12.35%
Loan Agreement
Debt Instrument [Line Items]
Number of equal monthly installments for finance long term debt \| Installments													32
Amount of equal monthly installments finance long term debt													$ 9,104
Interest rate of finance long term debt													12.00%
Collateralized finance receivables													$ 274,494
Long term debt financed amount													$ 239,740
Long-term Debt
Debt Instrument [Line Items]
Number of equal monthly installments for finance long term debt \| Installments												84
Amount of equal monthly installments finance long term debt												$ 1,467
Interest rate of finance long term debt												8.25%
Long term debt financed amount												$ 93,000
Software License
Debt Instrument [Line Items]
Number of equal monthly installments for finance long term debt \| Installments	4						12			4
Amount of equal monthly installments finance long term debt										$ 14,747
Interest rate of finance long term debt	11.09%						3.30%			9.00%
Long term debt financed amount	$ 212,000						$ 77,730			$ 56,000
Computer Equipment
Debt Instrument [Line Items]
Number of equal monthly installments for finance long term debt \| Installments			12					36
Interest rate of finance long term debt			6.47%					4.95%
Long term debt financed amount			$ 46,000					$ 195,000
Other assets, current	$ 51,492																65,754
Other assets																	$ 51,492

Fair Value of Financial Instruments - Fair value of the company's financial instruments that are required to be measured at fair value (Details) - USD ($)	Jun. 30, 2012	Jun. 30, 2011
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 141,107	$ 83,267
Common stock warrant liability, warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016
Common stock warrant liability, warrants exercisable at $5.90 through September 14, 2013
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents
Common stock warrant liability, warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016
Common stock warrant liability, warrants exercisable at $5.90 through September 14, 2013
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents
Common stock warrant liability, warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016	917,440	2,638,629
Common stock warrant liability, warrants exercisable at $5.90 through September 14, 2013	1,126	93,624
Total
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	141,107	83,267
Common stock warrant liability, warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016	917,440	2,638,629
Common stock warrant liability, warrants exercisable at $5.90 through September 14, 2013	$ 1,126	$ 93,624

- Definition

This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Company may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months.

+ References + Details

Fair Value of Financial Instruments - Changes in fair value of the Company's level 3 financial instruments (Details 1) - USD ($)	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 2,732,253
Issuance of common stock warrants, exercisable at $2.6058 per share		$ (1,917,122)
Recognize liability of warrants, exercisable at $5.90 per share; attributed to loss due to change in fair value		(151,631)
Gain/ (Loss) due to change in fair value of warrant liabilities, net	1,813,687	(663,500)
Balance, end of period	$ 918,566	$ 2,732,253

Fair Value of Financial Instruments (Detail Textuals) - $ / Warrants	Jun. 30, 2012	Jun. 30, 2011
Fair Value Disclosures [Abstract]
Common stock warrant liability, warrants exercisable from September 18, 2011 through September 18, 2016	2.6058	2.6058
Common stock warrant liability, warrants exercisable through September 14, 2013 (in dollar per share)	5.90	5.90

Fair Value of Financial Instruments (Detail Textuals 1) - USD ($)	1 Months Ended		12 Months Ended
	Mar. 31, 2011	Mar. 31, 2007	Jun. 30, 2012	Jun. 30, 2011
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of common stock warrants			$ 918,566	$ 2,732,253
Purchase of company's common stock (in shares)	3,900,000	903,955
Valuation method used to determine fair value	Black-Scholes model	Proprietary valuation models
Purchase of company's common stock		$ 1,126
Dividend yield			0.00%
Expected stock price volatility			82.00%
Risk free interest rate			21.00%
Expected life			1 year 2 months 12 days
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of common stock warrants			$ 918,566	$ 2,732,253

INCOME TAXES (Details) - USD ($)	Jun. 30, 2012	Jun. 30, 2011
Deferred tax assets:
Net operating loss carryforwards	$ 48,825,628	$ 46,695,537
Deferred research and development costs	185,940	218,622
Intangibles	1,059,409	1,003,047
Stock-based compensation	694,407	476,273
Other	955,279	685,861
Deferred tax sssets, gross	51,720,663	49,079,340
Deferred tax liabilities:
Intangibles and goodwill	(12,599)	(105,353)
Deferred tax assets, net	51,708,064	48,973,987
Valuation allowance	(51,720,663)	$ (48,973,987)
Deferred tax (liabilities) assets, net of allowance	$ (12,599)

INCOME TAXES (Detail Textuals) - USD ($)	12 Months Ended
INCOME TAXES (Detail Textuals) - USD ($)	Jun. 30, 2012	Jun. 30, 2011
Income Tax Examination [Line Items]
Net operating loss carryforwards	$ 168,327,709
Capital loss carryforwards		$ 4,759
Maximum amount of net operating loss carryforwards	127,024,196	121,667,065
Deferred tax assets, net	51,708,064	48,973,987
Valuation allowance	51,720,663	$ 48,973,987
Deferred tax liabilities	12,599
Income tax benefit	$ 1,767,537
Federal statutory rate	34.00%
Effects of increases in the valuation allowance	$ 2,327,354
Amount of increase in deferred tax assets for effects of permanent difference	594,264
State income taxes net of federal benefit	2,046
Domestic Tax Authority
Income Tax Examination [Line Items]
Deferred federal income taxes	3,101
Foreign Tax Authority
Income Tax Examination [Line Items]
Deferred state income taxes	$ 9,498

PREFERRED STOCK (Detail Textuals) - USD ($)	12 Months Ended
PREFERRED STOCK (Detail Textuals) - USD ($)	Jun. 30, 2012	Jun. 30, 2011
Series A Preferred Stock
Class of Stock [Line Items]
An annual cumulative dividend price per share of Series A Preferred Stock (in dollars per share)	$ 1.50
Cumulative unpaid dividends	$ 10,931,872	$ 10,267,420
Cumulative unpaid dividends converted into common shares, Convertible price per common share (in dollars per share)	$ 1,000
Conversion of preferred dividends into common stock		$ 33,000
Conversion of preferred stock into common stock (in shares)		15
Conversion of preferred dividends into common stock (in shares)		33
Series A preferred stock, redemption price per share (in dollars per share)	11.00
Liquidation price to be received by series A preferred stock holder for each outstanding share plus all cumulative unpaid dividends (in dollars per share)	$ 10.00
Common Stock
Class of Stock [Line Items]
Conversion of preferred stock into common stock (in shares)		15
Conversion of preferred dividends into common stock (in shares)		33

PREFERRED STOCK (Detail Textuals 1) - Series A Preferred Stock - USD ($)	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2010
Class of Stock [Line Items]
Preferred stock shares retired by company	65,802	65,802
Value of preferred stock purchased from open market		$ 598,464
Minimum
Class of Stock [Line Items]
Open market purchase price of preferred Stock (in dollars per share)		$ 8
Maximum
Class of Stock [Line Items]
Open market purchase price of preferred Stock (in dollars per share)		$ 9

COMMON STOCK - Summary of reserved shares of common stock for future issuance(Details)	12 Months Ended
	Jun. 30, 2012 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise of Common Stock Options	45,333
Exercise of Common Stock Warrants	6,782,040
Conversions of Preferred Stock and cumulative Preferred Stock dividends	15,362
Total shares reserved for future issuance	7,538,676
Chief Executive Officer'S
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issuance under Stock Incentive Plan	140,000
Stock Incentive Plan 2010
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issuance under Stock Incentive Plan	10,941
Stock Incentive Plan 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issuance under Stock Incentive Plan	45,000
Stock Incentive Plan 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issuance under Stock Incentive Plan	500,000

COMMON STOCK - Company's nonvested common shares (Details 1) - $ / shares	1 Months Ended	12 Months Ended
	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Nonvested - Shares		187,335	13,000	331,433
Granted - Shares		473,285	305,000	39,000
Vested - Shares	16,665	(380,282)	(130,665)	(40,000)
Forfeited - Shares		(91,667)
Forfeited, Director changes - Shares		(16,668)
Nonvested - Shares	187,335	172,003	187,335	13,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Nonvested - Weighted-Average Grant-Date Fair Value		$ 2.32	$ 1.75	$ 5.81
Granted - Weighted-Average Grant-Date Fair Value		1.58	2.18	1.75
Vested - Weighted-Average Grant-Date Fair Value		1.73	1.93	2.47
Forfeited due to Separation Agreement - Weighted-Average Grant-Date Fair Value		2.00
Forfeited, Director changes - Weighted-Average Grant-Date Fair Value		1.71
Nonvested - Weighted-Average Grant-Date Fair Value	$ 2.32	$ 1.82	$ 2.32	$ 1.75
Long-Term Equity Incentive Program
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Vested - Shares				(86,342)
Forfeited - Shares				(231,091)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Vested - Weighted-Average Grant-Date Fair Value				$ 5.90
Forfeited - Weighted-Average Grant-Date Fair Value				$ 5.90

COMMON STOCK - 2009 Public Offering (Detail Textuals)		1 Months Ended	12 Months Ended			24 Months Ended
COMMON STOCK - 2009 Public Offering (Detail Textuals)	Aug. 07, 2009 USD ($) shares	Mar. 17, 2011 USD ($) $ / Warrants shares	Jun. 30, 2012 USD ($) $ / Warrants shares	Jun. 30, 2011 USD ($) $ / shares $ / Warrants shares	Jun. 30, 2010 USD ($) $ / shares	Dec. 31, 2011 USD ($) $ / shares $ / Warrants shares	Aug. 06, 2012 $ / shares	May 22, 2009 USD ($)
Common Stock Public and Private Placement Offerings [Line Items]
Net cash proceeds, after deduction of fees and expenses, including dealer-manager fees \| $				$ 5,671	$ 1,974,014
Common stock, issue price per share (in dollars per share) \| $ / shares				$ 0.90	$ 2.00
Exercise price of shares to be purchased as warrants \| $ / Warrants			2.6058	2.6058
USATW warrants exercised			4,550	376,355
Warrant
Common Stock Public and Private Placement Offerings [Line Items]
Warrants issued		364,000
Exercise price of shares to be purchased as warrants \| $ / Warrants		2.6058
Proceeds from issuance of common stock \| $		$ 7,976,973
Rights Offering 2009
Common Stock Public and Private Placement Offerings [Line Items]
Maximum limit relating to transferable subscription rights to purchase of common stock and warrants \| $								$ 15,000,000
Rights Offering 2009 \| Warrant
Common Stock Public and Private Placement Offerings [Line Items]
Net cash proceeds, after deduction of fees and expenses, including dealer-manager fees \| $						$ 7,285,792
Warrants issued						7,285,792
Common stock shares issued						7,285,792
Common stock, issue price per share (in dollars per share) \| $ / shares						$ 2.00
Exercise price of shares to be purchased as warrants \| $ / Warrants						2.20
USATW warrants exercised			4,550	376,355		7,285,792
Common stock shares issued (in shares)			4,550	376,355
Proceeds from issuance of common stock \| $			$ 10,010	$ 827,981
Rights Offering 2009 \| Dealer Managers \| Warrant
Common Stock Public and Private Placement Offerings [Line Items]
Gross proceeds received on expiration of the rights offering \| $	$ 14,571,584
Net cash proceeds, after deduction of fees and expenses, including dealer-manager fees \| $	$ 12,958,159
Warrants issued			291,432			145,716
Purchase price of common Stock (in dollars per share) \| $ / shares							$ 2.20
Common stock shares issued	12,958,159
Exercise price of shares to be purchased as warrants \| $ / Warrants			2.20			2.20

COMMON STOCK - 2010 Public Offering (Detail Textuals 1)			1 Months Ended	12 Months Ended
COMMON STOCK - 2010 Public Offering (Detail Textuals 1)	Jul. 07, 2010 shares	May 12, 2010 Rights shares	Mar. 17, 2011 USD ($) $ / shares shares	Jun. 30, 2012 Rights $ / shares shares	Jun. 30, 2011 USD ($) Rights $ / shares shares	Jun. 30, 2010 shares	May 12, 2012 $ / shares	Mar. 16, 2010 USD ($)
Common Stock Public and Private Placement Offerings [Line Items]
Common stock warrant liability, warrants exercisable from September 18, 2011 through September 18, 2016 (in dollars per share) \| $ / shares				$ 2.6058	$ 2.6058
Cashless exercise of warrants resulting in the issuance of common stock				2,767	127,497
Warrant
Common Stock Public and Private Placement Offerings [Line Items]
Warrants issued			364,000
USATZ warrants exercised				(7,317)	(1,001,219)
Common stock warrant liability, warrants exercisable from September 18, 2011 through September 18, 2016 (in dollars per share) \| $ / shares			$ 2.6058
Net proceeds from the issuance (payments for retirement) of common stock \| $			$ 7,976,973
2010 Public Offering
Common Stock Public and Private Placement Offerings [Line Items]
Maximum limit relating to transferable subscription rights to purchase of common stock and warrants \| $								$ 3,000,000
2010 Public Offering \| Warrant
Common Stock Public and Private Placement Offerings [Line Items]
Common stock shares issued	261,953	2,753,454
Warrants issued	261,953	2,753,454		990	83,472
Period for the sale of the underlying shares of common stock under demand registration		5 years
Number of demand registration rights \| Rights		1			1
Period for registration rights		5 years
USATZ warrants exercised					235,414
Common stock warrant liability, warrants exercisable from September 18, 2011 through September 18, 2016 (in dollars per share) \| $ / shares					$ 1.13
Net proceeds from the issuance (payments for retirement) of common stock \| $					$ 260,018
Gross proceeds from issuance of common stock \| $					$ 235,757
Cashless exercise of warrants resulting in the issuance of common stock				2,767
2010 Public Offering \| Warrant \| Placement Agent
Common Stock Public and Private Placement Offerings [Line Items]
Warrants issued				165,207
Common stock warrant liability, warrants exercisable from September 18, 2011 through September 18, 2016 (in dollars per share) \| $ / shares							$ 1.13
2010 Public Offering \| Warrant \| Dealer Managers
Common Stock Public and Private Placement Offerings [Line Items]
Warrants issued					15,717
Number of demand registration rights \| Rights				1
Period for registration rights					5 years
Common stock warrant liability, warrants exercisable from September 18, 2011 through September 18, 2016 (in dollars per share) \| $ / shares				$ 1.13
Net proceeds from the issuance (payments for retirement) of common stock \| $					$ 5,671
Cashless exercise of warrants resulting in the issuance of common stock					127,497

COMMON STOCK - LPC Agreement (Detail Textuals 2) - LPC Agreement - USD ($)	1 Months Ended	12 Months Ended
	Jul. 27, 2010	Jun. 30, 2011
Common Stock Public and Private Placement Offerings [Line Items]
Maximum shares of common stock sold	4,851,408
Aggregate purchase price	$ 5,000,000
Number of shares issued as commitment fee		150,000

COMMON STOCK - Securities Purchase Agreement (Detail Textuals 3)	1 Months Ended
	Mar. 17, 2011 USD ($) $ / shares $ / Warrants shares	Jun. 30, 2012 $ / Warrants	Jun. 30, 2011 $ / Warrants	Mar. 14, 2011 Investors
Common Stock Public and Private Placement Offerings [Line Items]
Exercise Price Per Share \| $ / Warrants		2.6058	2.6058
Warrant
Common Stock Public and Private Placement Offerings [Line Items]
Warrants issued	364,000
Exercise Price Per Share \| $ / Warrants	2.6058
Seven institutional investors
Common Stock Public and Private Placement Offerings [Line Items]
Number of institutional investors \| Investors				7
Number of shares sold to the buyers	5,200,000
Common stock issue price per share (in dollars per share) \| $ / shares	$ 2.064
Aggregate purchase price of common stock \| $	$ 10,732,800
Seven institutional investors \| Warrant
Common Stock Public and Private Placement Offerings [Line Items]
Warrants issued	3,900,000

COMMON STOCK - Private placement offering (Detail Textuals 4) - USD ($)	1 Months Ended	12 Months Ended
	Mar. 17, 2011	Jun. 30, 2011	Jun. 30, 2012
Class of Warrant or Right [Line Items]
Common stock warrant liability, warrants exercisable from September 18, 2011 through September 18, 2016 (in dollars per share)		$ 2.6058	$ 2.6058
Fair value of warrants issued		$ 1,917,122
Warrant
Class of Warrant or Right [Line Items]
Cash compensation for services rendered	$ 751,296
Warrants issued	364,000
Common stock warrant liability, warrants exercisable from September 18, 2011 through September 18, 2016 (in dollars per share)	$ 2.6058
Cash proceeds from issuance of warrants	$ 10,732,800
Fair value of warrants issued	1,917,122
Cash issuance costs	838,705
Net cash proceeds	9,894,095
Proceeds from issuance of common stock	$ 7,976,973

COMMON STOCK - LTIP Program (Detail Textuals 5) - USD ($)	1 Months Ended		12 Months Ended
	Sep. 15, 2011	Dec. 31, 2010	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2009
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued			29,998
Number of eligible shares awarded determined by EBITDA (in percentage)	30.00%
Stock compensation expense			$ 197,613
Performance Share Plan \| Executive officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of number of shares to be awarded If the actual results for the fiscal year exceeds the target goals (in percentage)	150.00%
Long-Term Equity Incentive Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Accrued share based liability				$ 0	$ 43,171
Stock compensation expense		$ 97,566		$ 54,395	$ 43,171
Number of shares earned		86,342
Long-Term Equity Incentive Program \| Performance Share Plan \| Executive officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued						359,860
Number of eligible shares awarded determined by gross profit (in percentage)					30.00%
Number of eligible shares awarded determined by revenues (in percentage)					40.00%
Number of eligible shares awarded determined by EBITDA (in percentage)					30.00%
Total number of eligible shares					253,946
Percentage of number of shares to be awarded If the actual results for the fiscal year exceeds the target goals (in percentage)					125.00%

COMMON STOCK - 2008 Stock Incentive Plan (Detail Textuals 6) - USD ($)	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010	Feb. 28, 2008
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued	29,998
Stock Incentive Plan 2008
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued		20,747	40,000
Value of shares issued		$ 10,208	$ 87,354
Stock Incentive Plan 2008 \| Employees Directors and Consultants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of common stock to be available for issuance to future or current employees, directors and consultants				300,000
Number of shares issued			239,253

COMMON STOCK - 2010 Stock Incentive Plan (Detail Textuals 7) - USD ($)	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010	Jun. 13, 2011	Jun. 15, 2010
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued	29,998
Stock Incentive Plan 2010
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of common stock to be available for issuance to future or current employees, directors and consultants					300,000
Number of shares issued	120,472	109,918	0
Value of shares issued	$ 248,851	$ 292,263	$ 0
Options Granted	58,669
Common Stock, Capital Shares Reserved for Future Issuance	10,941
Stock Incentive Plan 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of common stock to be available for issuance to future or current employees, directors and consultants				300,000
Number of shares issued	141,666	0
Value of shares issued	$ 335,636	$ 0
Options Granted	113,334
Common Stock, Capital Shares Reserved for Future Issuance	45,000

COMMON STOCK - 2011 Stock Incentive Plan (Detail Textuals 8) - USD ($)	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 13, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued	29,998
Stock Incentive Plan 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of common stock to be available for issuance to future or current employees, directors and consultants			300,000
Number of shares issued	141,666	0
Value of shares issued	$ 335,636	$ 0
Options Granted	113,334
Issuance under Stock Incentive Plan	45,000

COMMON STOCK - 2012 Stock Incentive Plan (Detail Textuals 9) - Stock Incentive Plan 2012 - USD ($)	12 Months Ended
	Jun. 30, 2012	Jun. 28, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of common stock to be available for issuance to future or current employees, directors and consultants		500,000
Value of vesting of shares	$ 197,613

COMMON STOCK - Jensen Employment Agreement (Detail Textuals 10) - shares	1 Months Ended		12 Months Ended
	Sep. 27, 2011	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Number of shares issued			29,998
Number of shares vested year 1		16,665	(380,282)	(130,665)	(40,000)
Number of shares vested year 2		16,665
Amended And Restated Employment Agreement \| Mr. Jensen
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Number of shares issued			150,000
Number of shares vested year 1	50,000
Number of shares vested year 2			50,000
Number of shares vested year 3			50,000

COMMON STOCK - Separation Agreement (Detail Textuals 11) - shares	1 Months Ended			12 Months Ended
	Sep. 30, 2013	Apr. 30, 2013	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Number of shares issued				29,998
Number of shares granted				473,285	305,000	39,000
Number of shares vested year 1			16,665	(380,282)	(130,665)	(40,000)
Separation Agreement \| Mr. Jensen
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Number of shares issued				41,667
Number of shares granted				50,000
Number of shares vested year 1	50,000	41,667

COMMON STOCK - Employment Agreement (Detail Textuals 12) - shares	1 Months Ended				12 Months Ended
	Jun. 30, 2012	Nov. 30, 2011	Sep. 27, 2011	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Number of shares issued					29,998
Share-based compensation arrangement by share-based payment award, equity instruments other than options, vested in period				16,665	(380,282)	(130,665)	(40,000)
Number of shares vested year 2				16,665
Amended And Restated Employment And Non Competition Agreement \| Mr. Herbert
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Number of shares issued		100,000	100,000
Share-based compensation arrangement by share-based payment award, equity instruments other than options, vested in period			33,333
Number of shares vested year 2	33,333				33,333
Number of shares vested year 3	33,334				33,334

COMMON STOCK - Amended and Restated Employment and Non-Competition Agreement (Detail Textuals 13) - shares	1 Months Ended				12 Months Ended
	Jun. 30, 2012	Nov. 30, 2011	Sep. 27, 2011	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Number of shares granted					473,285	305,000	39,000
Number of shares issued					29,998
Number of shares vested year 1				16,665	(380,282)	(130,665)	(40,000)
Number of shares vested year 2				16,665
Amended And Restated Employment And Non Competition Agreement \| Mr. Herbert
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Number of shares issued		100,000	100,000
Number of shares vested year 1			33,333
Number of shares vested year 2	33,333				33,333
Number of shares vested year 3	33,334				33,334
Amended And Restated Employment And Non Competition Agreement \| Mr. DeMedio
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Number of shares granted			25,000
Number of shares vested year 1			8,333
Number of shares vested year 2	8,333
Number of shares vested year 3	8,334

COMMON STOCK - Recommendation of the Compensation Committee (Detail Textuals 14)	1 Months Ended
	Sep. 15, 2011 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of eligible shares awarded relating to total number of connections (in percentage)	30.00%
Number of eligible shares awarded relating to total revenues (in percentage)	30.00%
Number of eligible shares awarded relating to operating expenses (in percentage)	10.00%
Number of eligible shares awarded relating to operating earnings (in percentage)	30.00%
Performance Share Plan \| Executive officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum percentage of number of shares to be awarded (in percentage)	20.00%
Maximum percentage of number of shares to be awarded (in percentage)	150.00%
Performance Share Plan \| Mr. Herbert
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares awarded, if all of the target performance goals are achieved (in shares)	120,000
Performance Share Plan \| Mr. DeMedio
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares awarded to, If all of the target performance goals are achieved (in shares)	50,000

COMMON STOCK - Stock Incentive Plan (Detail Textuals 15) - USD ($)	1 Months Ended	12 Months Ended
	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock compensation expense		$ 197,613
Number of common stock vested (in shares)	16,665	(380,282)	(130,665)	(40,000)
Number of common stock shares cancelled to pay payroll taxes (in shares)		38,749	2,217	5,113
Payment of payroll tax obligations		$ 51,381	$ 2,261	$ 9,668
Executive officer
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Number of common stock vested (in shares)		136,285
Mr. Herbert
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Number of common stock vested (in shares)		96,201
Mr. DeMedio
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Number of common stock vested (in shares)		40,084

- Definition

Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees.

+ References + Details

COMMON STOCK - 2010 Stock Incentive Plan (Detail Textuals 16) - USD ($)	1 Months Ended				3 Months Ended	12 Months Ended
	Jul. 31, 2012	Jun. 30, 2012	Feb. 29, 2012	Jun. 30, 2011	Dec. 31, 2011	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010	Aug. 10, 2014	Apr. 01, 2014	Aug. 10, 2013	Apr. 01, 2013	Aug. 10, 2012	Apr. 01, 2012	Mar. 31, 2012	Jun. 30, 2009
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted						473,285	305,000	39,000
Number of shares vested				16,665		(380,282)	(130,665)	(40,000)
Number of shares vested on June 30, 2012				16,665
Number of shares forfeited						(91,667)
Number of shares vested and been issued						29,998
Number of shares reserved for future issuance						10,002
Number of shares remain non-vested	10,000	172,003		187,335		172,003	187,335	13,000								331,433
Compensation received by Mr. Barnhart					$ 40,000
Stock issued during period, shares, issued for services						19,175
Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares vested on June 30, 2013				16,670
Non-Employee Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares forfeited			6,667
Number of shares returned			3,333
Non-Employee Director \| Subsequent Event \| Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares vested and been issued	30,000
Number of shares authorized to be issued as stock award	10,000
Grant date fair value of shares issued as stock award	$ 1.45
Number of shares issued as stock award to non-employee Director									10,002		9,999		9,999
Stock Incentive Plan 2010
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares vested						58,669
Number of shares vested and been issued						120,472	109,918	0
Stock Incentive Plan 2010 \| Subsequent Event \| Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares vested and been issued						9,999
Number of shares reserved for future issuance						13,334
Number of shares remain non-vested	6,667
Stock Incentive Plan 2010 \| Non-Employee Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares vested				10,000
Issue price per share				$ 2.22
Number of shares granted							50,000
Stock Incentive Plan 2010 \| Non-Employee Director \| Subsequent Event \| Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares vested and been issued		30,000
Number of shares authorized to be issued as stock award															10,000
Grant date fair value of shares issued as stock award		$ 0.94
Number of shares issued as stock award to non-employee Director										10,002		9,999		9,999

COMMON STOCK - Director compensation (Detail Textuals 17) - USD ($)	12 Months Ended
	Jun. 30, 2012	Jun. 20, 2012	Jun. 30, 2011
Related Party Transaction [Line Items]
Common stock, shares issued	32,510,069		32,281,140
Stock compensation expense	$ 197,613
Director
Related Party Transaction [Line Items]
Common stock, shares issued		2,299
Stock compensation expense		$ 3,333

- Definition

+ References + Details

COMMON STOCK WARRANTS AND OPTIONS (Details) - shares	12 Months Ended
COMMON STOCK WARRANTS AND OPTIONS (Details) - shares	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Class Of Warrant Or Right [Roll Forward]
Outstanding at Beginning	15,567,199
Outstanding at Ending	8,045,619	15,567,199
Warrant
Class Of Warrant Or Right [Roll Forward]
Outstanding at Beginning	15,567,199	13,526,748	3,030,863
Issued		4,541,670	10,495,885
Exercised	(7,317)	(1,001,219)
Expired	(7,514,263)	(1,500,000)
Outstanding at Ending	8,045,619	15,567,199	13,526,748

COMMON STOCK WARRANTS AND OPTIONS (Details 1)

12 Months Ended

Jun. 30, 2012

$ / Warrants

Jun. 30, 2011

$ / Warrants

Mar. 17, 2011

$ / Warrants

Jun. 30, 2010

Jun. 30, 2009

Class of Warrant or Right [Line Items]

Warrants Outstanding | shares

8,045,619

15,567,199

Exercise Price Per Share | $ / Warrants

2.6058

Warrant

Class of Warrant or Right [Line Items]

Warrants Outstanding | shares

8,045,619

15,567,199

13,526,748

3,030,863

Exercise Price Per Share | $ / Warrants

2.6058

Warrant | August 6, 2012

Class of Warrant or Right [Line Items]

Warrants Outstanding | shares

291,432

Exercise Price Per Share | $ / Warrants

2.20

Expiration Date

^[1]

Aug. 06, 2012

Warrant | October 17, 2012

Class of Warrant or Right [Line Items]

Warrants Outstanding | shares

17,532

Exercise Price Per Share | $ / Warrants

7.70

Expiration Date

Oct. 17, 2012

Warrant | May 12, 2013

Class of Warrant or Right [Line Items]

Warrants Outstanding | shares

46,258

Exercise Price Per Share | $ / Warrants

1.13

Expiration Date

May 12, 2013

Warrant | July 7, 2013

Class of Warrant or Right [Line Items]

Warrants Outstanding | shares

4,402

Exercise Price Per Share | $ / Warrants

1.13

Expiration Date

Jul. 07, 2013

Warrant | September 14, 2013

Class of Warrant or Right [Line Items]

Warrants Outstanding | shares

903,955

Exercise Price Per Share | $ / Warrants

5.90

Expiration Date

Sep. 14, 2013

Warrant | December 31, 2013

Class of Warrant or Right [Line Items]

Expiration Date

Dec. 31, 2013

Warrant | September 18, 2016

Class of Warrant or Right [Line Items]

Warrants Outstanding | shares

4,264,000

Exercise Price Per Share | $ / Warrants

2.6058

Expiration Date

Sep. 18, 2016

[1]	Expired unexercised on August 6, 2012.

COMMON STOCK WARRANTS AND OPTIONS (Details 2) - Stock options - $ / shares	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Option outstanding and exercisable at the beginning	90,666	160,000	160,000
Options Granted
Options Expired	(45,333)	(69,334)
Options outstanding and exercisable at the ending	45,333	90,666	160,000
Share Based Compensation Arrangement By Share Based Payment Award Options Exercise Price Per Share [Roll Forward]
Options Expired, Exercise Price Per Share		$ 7.50
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 7.53	7.52	$ 7.52
Options Granted, Weighted Average Exercise Price
Share-based Compensation Arrangements by Share-based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price	7.53	7.50
Options Outstanding, Weighted Average Exercise Price at Ending	7.53	7.53	7.52
Maximum
Share Based Compensation Arrangement By Share Based Payment Award Options Exercise Price Per Share [Roll Forward]
Options, Outstanding, Exercise Price, Beginning	8.00	8.00	8.00
Options Granted, Exercise Price Per Share
Options Expired, Exercise Price Per Share	8
Options, Outstanding, Exercise Price, Ending	8.00	8.00	8.00
Minimum
Share Based Compensation Arrangement By Share Based Payment Award Options Exercise Price Per Share [Roll Forward]
Options, Outstanding, Exercise Price, Beginning	7.50	7.50	7.50
Options Granted, Exercise Price Per Share
Options Expired, Exercise Price Per Share	7.50	7.50
Options, Outstanding, Exercise Price, Ending	$ 7.50	$ 7.50	$ 7.50

COMMON STOCK WARRANTS AND OPTIONS (Details 3) - Stock options - USD ($)	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2009
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Outstanding	45,333	90,666	160,000	160,000
Options, Exercisable	45,333	90,666
Options, Outstanding, Weighted Average Remaining Contractual Term	11 months 12 days	1 year 5 months 12 days
Options, Exercisable, Weighted Average Remaining Contractual Term	11 months 12 days	1 year 5 months 12 days
Options, Outstanding, Intrinsic Value
Options, Exercisable, Intrinsic Value
Exercise Price $7.50
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Outstanding	42,333	84,666
Options, Exercisable	42,333	84,666
Options, Outstanding, Exercise Price Per Share	$ 7.50	$ 7.50
Options, Outstanding, Weighted Average Remaining Contractual Term	11 months 8 days	1 year 5 months 12 days
Options, Exercisable, Weighted Average Remaining Contractual Term	11 months 8 days	1 year 5 months 12 days
Options, Outstanding, Intrinsic Value
Options, Exercisable, Intrinsic Value
Exercise Price $8.00
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Outstanding	3,000	6,000
Options, Exercisable	3,000	6,000
Options, Outstanding, Exercise Price Per Share	$ 8.00	$ 8.00
Options, Outstanding, Weighted Average Remaining Contractual Term	11 months 19 days	1 year 5 months 19 days
Options, Exercisable, Weighted Average Remaining Contractual Term	11 months 19 days	1 year 5 months 19 days
Options, Outstanding, Intrinsic Value
Options, Exercisable, Intrinsic Value

COMMON STOCK WARRANTS AND OPTIONS (Detail Textuals)	1 Months Ended
COMMON STOCK WARRANTS AND OPTIONS (Detail Textuals)	Oct. 31, 2008	Jun. 30, 2012 USD ($) $ / Warrants	Jun. 30, 2011 USD ($) $ / Warrants shares	Mar. 17, 2011 $ / Warrants shares	Jun. 30, 2009 $ / Warrants shares	Oct. 17, 2007 $ / Warrants shares	Mar. 14, 2007 $ / Warrants shares
Class of Warrant or Right [Line Items]
Exercise price of shares to be purchased as warrants \| $ / Warrants		2.6058	2.6058
Warrant
Class of Warrant or Right [Line Items]
Number of common stock warrants not exercisable until September 18, 2011 \| shares			4,264,000
Warrants issued \| shares				364,000
Exercise price of shares to be purchased as warrants \| $ / Warrants				2.6058
Common stock warrant liability recorded \| $		$ 1,126	$ 93,624
Warrant \| SAC
Class of Warrant or Right [Line Items]
Warrants issued \| shares						17,532
Exercise price of shares to be purchased as warrants \| $ / Warrants						7.70
Granting of the pre-emptive right to purchase number of securities by the SAC	5 years
Date of exercise of warrants	Sep. 14, 2013
Percentage of maximum beneficial ownership by SAC and its affiliates can exercise	9.99%
Warrant \| SAC \| Maximum
Class of Warrant or Right [Line Items]
Warrants issued \| shares					903,955		903,955
Exercise price of shares to be purchased as warrants \| $ / Warrants					6.40		6.40
Warrant \| SAC \| Minimum
Class of Warrant or Right [Line Items]
Warrants issued \| shares					833,333		833,333
Exercise price of shares to be purchased as warrants \| $ / Warrants					5.90		5.90

COMMON STOCK WARRANTS AND OPTIONS (Detail Textuals 1)	1 Months Ended
COMMON STOCK WARRANTS AND OPTIONS (Detail Textuals 1)	Oct. 31, 2008 $ / Warrants shares	Jun. 30, 2012 $ / Warrants	Jun. 30, 2011 $ / Warrants	Mar. 17, 2011 $ / Warrants shares
Class of Warrant or Right [Line Items]
Exercise price of shares to be purchased as warrants \| $ / Warrants		2.6058	2.6058
Warrant
Class of Warrant or Right [Line Items]
Warrants issued \| shares				364,000
Exercise price of shares to be purchased as warrants \| $ / Warrants				2.6058
Warrant \| Joint Marketing Agreement (October 2008)
Class of Warrant or Right [Line Items]
Warrants issued \| shares	1,500,000
"A Warrants" \| Joint Marketing Agreement (October 2008)
Class of Warrant or Right [Line Items]
Warrants issued \| shares	500,000
Minimum period of rights to purchase	2 years
Exercise price of shares to be purchased as warrants \| $ / Warrants	5.25
"B Warrants" \| Joint Marketing Agreement (October 2008)
Class of Warrant or Right [Line Items]
Minimum period of rights to purchase	3 years

COMMON STOCK WARRANTS AND OPTIONS (Detail Textuals 2)	Jun. 30, 2012 $ / Warrants shares	Dec. 31, 2011 $ / Warrants shares	Jun. 30, 2011 $ / Warrants	Mar. 17, 2011 $ / Warrants shares
Class of Warrant or Right [Line Items]
Exercise price of shares to be purchased as warrants	2.6058		2.6058
Warrant
Class of Warrant or Right [Line Items]
Warrants issued \| shares				364,000
Exercise price of shares to be purchased as warrants				2.6058
Warrant \| Rights Offering 2009
Class of Warrant or Right [Line Items]
Warrants issued \| shares		7,285,792
Exercise price of shares to be purchased as warrants		2.20
Warrant \| Rights Offering 2009 \| Dealer Managers
Class of Warrant or Right [Line Items]
Warrants issued \| shares	291,432	145,716
Exercise price of shares to be purchased as warrants	2.20	2.20

COMMON STOCK WARRANTS AND OPTIONS (Detail Textuals 3)	Jun. 30, 2012 $ / Warrants shares	May 12, 2012 $ / Warrants	Jun. 30, 2011 $ / Warrants shares	Mar. 17, 2011 $ / Warrants shares	Jul. 07, 2010 shares	May 12, 2010 shares
Class of Warrant or Right [Line Items]
Exercise price of shares to be purchased as warrants	2.6058		2.6058
Warrant
Class of Warrant or Right [Line Items]
Warrants issued \| shares				364,000
Exercise price of shares to be purchased as warrants				2.6058
Warrant \| 2010 Public Offering
Class of Warrant or Right [Line Items]
Warrants issued \| shares	990		83,472		261,953	2,753,454
Exercise price of shares to be purchased as warrants			1.13
Warrant \| 2010 Public Offering \| Placement Agent
Class of Warrant or Right [Line Items]
Warrants issued \| shares	165,207
Exercise price of shares to be purchased as warrants	1.13	1.13
Number of warrants issued In conjunction with 2010 public offering \| shares	15,717
Exercisable per share price of warrants in conjunction with the 2010 public offering	1.13

COMMON STOCK WARRANTS AND OPTIONS (Detail Textuals 4)	Jun. 30, 2012 USD ($) $ / Warrants shares	Jun. 30, 2011 USD ($) $ / Warrants	Mar. 17, 2011 $ / Warrants shares
Class of Warrant or Right [Line Items]
Exercise price of shares to be purchased as warrants \| $ / Warrants	2.6058	2.6058
Warrant
Class of Warrant or Right [Line Items]
Warrants issued \| shares			364,000
Exercise price of shares to be purchased as warrants \| $ / Warrants			2.6058
Common stock warrant liability recorded \| $	$ 918,566	$ 2,732,253
Warrant \| Private Placement Offering 2011
Class of Warrant or Right [Line Items]
Warrants issued \| shares	3,900,000
Exercise price of shares to be purchased as warrants \| $ / Warrants	2.6058
Number of warrants exercisable \| shares	4,264,000
Warrant \| Private Placement Offering 2011 \| Placement Agent
Class of Warrant or Right [Line Items]
Warrants issued \| shares	364,000
Exercise price of shares to be purchased as warrants \| $ / Warrants	2.6058

RETIREMENT PLAN (Detail Textuals) - USD ($)	12 Months Ended
RETIREMENT PLAN (Detail Textuals) - USD ($)	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Compensation and Retirement Disclosure [Abstract]
Maximum percent of voluntary contribution	100.00%
Company's safe harbor contribution	$ 140,000		$ 160,000
Company's discretionary contribution		$ 42,000

RELATED PARTY TRANSACTIONS (Detail Textuals) - Board of directors - USD ($)	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Related Party Transaction [Line Items]
Legal services provided by a member of the Company's Board of Directors	$ 744,000	$ 513,000	$ 730,000
Due to the member of the company's board of directors for legal services provided	$ 119,000	$ 25,000

- Definition

Carrying amount as of the balance sheet date of obligations due all related parties. For classified balance sheets, represents the current portion of such liabilities (due within one year or within the normal operating cycle if longer).

+ References + Details

COMMITMENTS AND CONTINGENCIES (Details)	Jun. 30, 2012 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2013 - Capital Leases	$ 209,534
2014 - Capital Leases	203,298
2015 - Capital Leases	45,122
2016 - Capital Leases
Thereafter - Capital Leases
Total minimum lease payments - Capital Leases	457,954
2013 - Operating Leases	450,368
2014 - Operating Leases	368,697
2015 - Operating Leases	377,322
2016 - Operating Leases	321,263
Thereafter - Operating Leases
Total minimum lease payments - Operating Leases	1,517,650
Less amount representing interest	31,947
Present value of net minimum lease payments	426,007
Less current obligations under capital leases	187,715
Obligations under capital leases, less current portion	$ 238,292

COMMITMENTS AND CONTINGENCIES (Detail Textuals)	12 Months Ended
COMMITMENTS AND CONTINGENCIES (Detail Textuals)	Jun. 30, 2012 USD ($) ft²	Oct. 30, 2011 USD ($)	Jun. 30, 2011 USD ($)	Nov. 30, 2010 USD ($)	Jun. 30, 2010 USD ($)
Operating Leased Assets [Line Items]
Rent expense under operating leases	$ 502,000		$ 545,000		$ 616,000
Malvern office facilities \| Property Subject to Operating Lease
Operating Leased Assets [Line Items]
Square feet area taken under operating lease for principal executive office \| ft²	17,249
Extension of operating lease period by amendment				Apr. 30, 2016
Operating leases, rent expense, minimum rentals				$ 29,000
Maximum monthly rental lease				32,000
Straight-lined rent expense of principal executive office, Per month	$ 26,000
Leasehold Improvements \| Property Subject to Operating Lease
Operating Leased Assets [Line Items]
Operating leases, rent expense, minimum rentals				$ 195,000
Malvern product warehousing facilities \| Product Warehousing Shipping and Customer Support
Operating Leased Assets [Line Items]
Square feet area taken under operating lease for principal executive office \| ft²	13,377
Extension of operating lease period by amendment		Dec. 31, 2011
Operating leases, rent expense, minimum rentals		$ 15,100
Maximum monthly rental lease		16,200
Straight-lined rent expense of principal executive office, Per month		$ 15,600

COMMITMENTS AND CONTINGENCIES (Detail Textuals 1) - USD ($)	1 Months Ended						12 Months Ended
	Sep. 27, 2011	Jun. 30, 2011	Sep. 30, 2010	Apr. 01, 2010	Oct. 01, 2009	Sep. 24, 2009	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted							473,285	305,000	39,000
Number of shares vested year 1		16,665					(380,282)	(130,665)	(40,000)
Stock Incentive Plan 2008 \| Mr. Stephen P. Herbert
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares vested year 1			3,000	3,000	3,000
Base salary						$ 320,000
Premiums agree to pay for a term life insurance policy						$ 1,500,000
Percentage of monthly disability coverage up to of his monthly base compensation payable to age 65 or death						65.00%
Stock Incentive Plan 2008 \| Mr. Herbert - President
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted	100,000					9,000
Number of shares vested year 1	33,333					3,000
Number of shares vested year 2	33,333					3,000
Number of shares vested year 3	33,334					3,000
Base salary						$ 320,000
Premiums agree to pay for a term life insurance policy						$ 1,500,000
Percentage of monthly disability coverage up to of his monthly base compensation payable to age 65 or death						65.00%

COMMITMENTS AND CONTINGENCIES (Detail Textuals 2) - USD ($)		1 Months Ended				12 Months Ended
	Apr. 14, 2011	Nov. 30, 2011	Sep. 27, 2011	Jun. 30, 2011	Sep. 24, 2009	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted - Shares						473,285	305,000	39,000
Vested - Shares				16,665		(380,282)	(130,665)	(40,000)
Stock Incentive Plan 2010 \| Mr. Stephen P. Herbert
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted - Shares	75,000
Vested - Shares	25,000
Number of shares vested under 2010 stock incentive plan, on april 14, 2012	25,000
Number of shares vested under 2010 stock incentive plan, on april 14, 2013	25,000
Base salary		$ 341,227
Stock Incentive Plan 2010 \| Mr. DeMedio
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted - Shares	25,000		25,000
Vested - Shares	8,333		8,333
Number of shares vested under 2010 stock incentive plan, on april 14, 2012	8,333		8,333
Number of shares vested under 2010 stock incentive plan, on april 14, 2013	8,334		8,334
Premiums agree to pay for a term life insurance policy					$ 750,000
Percentage of monthly disability coverage up to of his monthly base compensation payable to age 65 or death					65.00%
Base salary				$ 220,000
Executive performance 2012 plan \| Mr. Herbert - President
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash bonus received if achieve all of the minimum threshold performance target goals						$ 30,000
Cash bonus received if achieve all of the target performance goals						50,000
Cash bonus received if achieve all maximum distinguished performance target goals						$ 75,000

SUBSEQUENT EVENTS (Detail Textuals) - Subsequent Event - Line of credit - Avidbank Corporate Finance	Jul. 10, 2012 USD ($)
Subsequent Event [Line Items]
Amount of secured asset-based revolving line of credit	$ 3,000,000
Minimum limit of amount of advances under Line of Credit (in dollars)	$ 3,000,000
Minimum limit of eligible accounts receivable (in percentage)	75.00%
Percentage of transaction processing revenues and networking service fees	80.00%
Threshold limit of processing revenues and service fees	$ 100,000
Line of credit facility, description	The Loan Documents provide that the aggregate amount of advances under the Line of Credit shall not exceed the lesser of (i) $3.0 million, or (ii) 75% of eligible accounts receivable as defined in the Loan Documents plus 80% of the prior two months transaction processing revenues and networking service fees as defined in the Loan Documents, provided that the amounts advanced on account of such processing revenues and service fees shall not exceed $1,000,000 without the Bank's prior consent.

SUBSEQUENT EVENTS (Detail Textuals 1)	Jul. 10, 2012 USD ($)
Subsequent Events [Abstract]
Percentage of minimum prime rate as published in The Wall Street Journal	2.00%
Line of credit facility, Basis measurement	Prime Rate
Interest rate percentage	5.00%
Minimum interest payable	$ 20,000
Unrestricted cash balance with the bank	$ 3,000,000

SUBSEQUENT EVENTS (Detail Textuals 2)	1 Months Ended	12 Months Ended
SUBSEQUENT EVENTS (Detail Textuals 2)	Jul. 31, 2012 Directors $ / shares $ / Warrants shares	Jun. 30, 2012 $ / Warrants shares	Aug. 10, 2014 shares	Apr. 01, 2014 shares	Aug. 10, 2013 shares	Apr. 01, 2013 shares	Aug. 10, 2012 shares	Apr. 01, 2012 shares	Jun. 30, 2011 $ / Warrants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued		29,998
Exercise price of shares to be purchased as warrants \| $ / Warrants		2.6058							2.6058
Subsequent Event \| Common Stock \| Non-Employee Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of non-employee Directors \| Directors	3
Number of shares authorized to be issued as stock award	10,000
Number of shares issued	30,000
Grant date fair value of shares issued as stock award \| $ / shares	$ 1.45
Number of shares issued as stock award to non-employee Director			10,002		9,999		9,999
Subsequent Event \| Warrant \| Rights Offering 2009
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Warrants issued	291,432			10,002		9,999		9,999
Exercise price of shares to be purchased as warrants \| $ / Warrants	2.20