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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Sep. 30, 2012	Nov. 02, 2012
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
Current Fiscal Year End Date	--06-30
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		32,951,742
Document Type	10-Q
Document Period End Date	Sep. 30, 2012
Amendment Flag	false
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q1

Consolidated Balance Sheets - USD ($)

Sep. 30, 2012

Jun. 30, 2012

Current assets:

Cash and cash equivalents

$ 6,203,703

^[1]

$ 6,426,645

Accounts receivable, less allowance for uncollectible accounts of $19,000 and $25,000, respectively

2,366,750

^[1]

2,441,941

Finance receivables

139,039

^[1]

206,649

Inventory

1,185,917

^[1]

2,511,748

Prepaid expenses and other current assets

603,893

^[1]

555,823

Total current assets

10,499,302

^[1]

12,142,806

Finance receivables, less current portion

372,977

^[1]

336,198

Property and equipment, net

13,037,458

^[1]

11,800,108

Intangibles, net

1,010,853

^[1]

1,196,453

Goodwill

7,663,208

^[1]

7,663,208

Other assets

81,247

^[1]

80,884

Total assets

32,665,045

^[1]

33,219,657

Current liabilities:

Accounts payable

6,020,991

^[1]

6,136,443

Accrued expenses

1,933,093

^[1]

3,342,456

Line of credit

^[1]

1,337,779

Current obligations under long-term debt

483,934

^[1]

466,056

Total current liabilities

9,775,797

^[1]

9,944,955

Long-term liabilities:

Long-term debt, less current portion

210,642

^[1]

262,274

Accrued expenses, less current portion

384,158

^[1]

426,241

Deferred tax liabilities

19,520

^[1]

12,599

Warrant liabilities, non-current

^[1]

455,433

918,566

Total long-term liabilities

1,069,753

^[1]

1,619,680

Total liabilities

10,845,550

^[1]

11,564,635

Commitments and contingencies

^[1]

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 $15,693,778 and $15,361,552, respectively)

3,138,056

^[1]

3,138,056

Common stock, no par value: Authorized shares- 640,000,000 Issued and outstanding shares- 32,741,732 and 32,510,069, respectively

220,638,660

^[1]

220,513,327

Accumulated deficit

(201,957,221)

^[1]

(201,996,361)

Total shareholders' equity

21,819,495

^[1]

21,655,022

Total liabilities and shareholders' equity

$ 32,665,045

^[1]

$ 33,219,657

[1]	(unaudited)

Consolidated Balance Sheets (Parentheticals) - USD ($)	Sep. 30, 2012	Jun. 30, 2012
Allowance for uncollectible accounts receivable (in dollars)	$ 19,000	$ 25,000
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	32,741,732	32,510,069
Common stock, shares outstanding	32,741,732	32,510,069
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)	$ 15,693,778	$ 15,361,552

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Revenues:
License and transaction fees	$ 6,906,356	$ 5,419,663
Equipment sales	1,483,921	1,286,085
Total revenues	8,390,277	6,705,748
Cost of services	4,192,360	3,761,577
Cost of equipment	1,053,636	895,135
Gross profit	3,144,281	2,049,036
Operating expenses:
Selling, general and administrative	3,215,125	3,468,070
Depreciation and amortization	343,388	403,232
Total operating expenses	3,558,513	3,871,302
Operating loss	(414,232)	(1,822,266)
Other income (expense):
Interest income	20,166	17,867
Interest expense	(23,006)	(11,164)
Change in fair value of warrant liabilities	463,133	1,736,609
Total other income (expense), net	460,293	1,743,312
Income (loss) before provision for income taxes	46,061	(78,954)
Provision for income taxes	(6,921)
Net income (loss)	39,140	(78,954)
Cumulative preferred dividends	(332,226)	(332,226)
Loss applicable to common shares	$ (293,086)	$ (411,180)
Loss per common share (basic and diluted) (in dollars per share)	$ (0.01)	$ (0.01)
Weighted average number of common shares outstanding (basic and diluted) (in shares)	32,518,230	32,288,638

Consolidated Statements of Shareholders' Equity (Unaudited) - 3 months ended Sep. 30, 2012 - USD ($)

Series A Convertible Preferred Stock

Common Stock

Accumulated Deficit

Total

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

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Issuance of fully-vested shares of common stock to employees and directors and vesting of shares granted under the 2010 Stock Incentive Plan

$ 15,644

15,644

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)

500

Issuance of fully-vested shares of common stock to employees and directors and vesting of shares under the 2011 Stock Incentive Plan

$ 64,689

64,689

Issuance of fully-vested shares of common stock to employees and directors and vesting of shares under the 2011 Stock Incentive Plan (in shares)

59,165

Issuance of fully-vested shares of common stock to employees and directors and vesting of shares under the 2012 Stock Incentive Plan

$ 45,000

45,000

Issuance of fully-vested shares of common stock to employees and directors and vesting of shares under the 2012 Stock Incentive Plan (In shares)

171,998

Net income

39,140

Balance at Sep. 30, 2012

$ 3,138,056

$ 220,638,660

$ (201,957,221)

$ 21,819,495

^[1]

Balance (in shares) at Sep. 30, 2012

442,968

32,741,732

[1]	(unaudited)

Consolidated Statements of Cash Flows (Unaudited) - USD ($)

3 Months Ended

Sep. 30, 2012

Sep. 30, 2011

OPERATING ACTIVITIES:

Net income (loss)

$ 39,140

$ (78,954)

Adjustments to reconcile net income (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

125,333

240,453

Charges reduced for change in fair value of warrants

(463,133)

(1,736,609)

Depreciation, $676,218 and $418,493, respectively, of which is allocated to cost of services

834,006

563,125

Amortization

185,600

258,600

Bad debt recoveries, net

(6,129)

(22,056)

Provision for deferred tax liability

6,921

Changes in operating assets and liabilities:

Accounts receivable

81,320

187,501

Finance receivables

30,831

(43,791)

Inventory

1,331,390

160,798

Prepaid expenses and other assets

79,629

48,339

Accounts payable

(115,452)

(656,552)

Accrued expenses

(1,451,446)

582,357

Net cash provided by (used in) operating activities

678,010

(496,789)

INVESTING ACTIVITIES:

Purchase of property and equipment

(1,525)

(60,348)

Purchase of property for rental program, net

(2,075,390)

(1,234,608)

Net cash used in investing activities

(2,076,915)

(1,294,956)

FINANCING ACTIVITIES:

Proceeds from the issuance of common stock

10,010

Proceeds from line of credit

1,337,779

Repayment of long-term debt

(161,816)

(109,839)

Net cash provided by (used in) financing activities

1,175,963

(99,829)

Net decrease in cash and cash equivalents

(222,942)

(1,891,574)

Cash and cash equivalents at beginning of year

6,426,645

12,991,511

Cash and cash equivalents at end of period

6,203,703

^[1]

11,099,937

Supplemental disclosures of cash flow information:

Cash paid for interest

26,150

11,708

Equipment and software acquired under capital lease

495,955

Prepaid insurance financed with debt

128,062

90,372

Disposal of property and equipment

20,407

Reclass of rental program property to inventory

$ 5,559

[1]	(unaudited)

Consolidated Statements of Cash Flows (Parentheticals) - USD ($)	3 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Statement Of Cash Flows [Abstract]
Allocated to cost of services, depreciation (in dollars)	$ 676,218	$ 418,493

ACCOUNTING POLICIES	3 Months Ended
ACCOUNTING POLICIES	Sep. 30, 2012
Organization, Consolidation, Basis Of Presentation, Business Description and Accounting Policies [Abstract]
ACCOUNTING POLICIES	1. ACCOUNTING POLICIES 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, and our eSuds™ technology can be installed in 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. Interim Financial Information The accompanying unaudited consolidated financial statements of USA Technologies, Inc. have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements and therefore should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended June 30, 2012. In the opinion of management, all adjustments considered necessary for a fair presentation, consisting of normal recurring adjustments, have been included. Operating results for the three-month period ended September 30, 2012 are not necessarily indicative of the results that may be expected for the year ending June 30, 2013. The balance sheet at June 30, 2012 has been derived from the audited financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. The Company has incurred losses from its inception through June 30, 2012; the Company had net income of $39,140 for the fiscal quarter ended September 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; and may be required to raise equity capital to meet its cash flow requirements. 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. At September 30, 2012 and June 30, 2012, none of the cash and cash equivalents of the Company was 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. Finance Receivables The Company offers extended payment terms to certain customers for equipment sales under its Quick Start Program. Notes receivable or Quick Start leases are generally for a 36 or 60 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. 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. Income Taxes A provision for income taxes of $6,921 (all deferred income taxes) was recorded for the three months ended September 30, 2012. The provision for income taxes is not a function of nor related to the income before provision for income taxes of $46,061 for the period because the Company has significant operating loss carryforwards that are available to negate any taxable income that would create current liabilities for income taxes. The provision for income taxes relates to the amortization of indefinite life intangible assets and goodwill that are being amortized for income tax purposes but not for financial reporting purposes giving rise to basis differences in such assets between financial and income tax reporting. The Company has substantial operating loss carryforwards and other items that create net deferred tax assets that have been offset by a valuation allowance as the realization of the deferred tax assets is not likely, principally due to a lack of earnings history. The deferred tax liabilities related to the amortization of the indefinite life assets are not subject to offset against deferred tax assets with finite lives. As of September 30, 2012 and June 30, 2012, deferred tax liabilities of $19,520 and $12,599, respectively, were recorded for the potential future state and federal income tax effects for these basis differences. No provision for income taxes was recorded for the three months ended September 30, 2011. 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 unless such effect is anti-dilutive. No exercise of stock options, stock purchase warrants, or the conversion of preferred stock or cumulative preferred dividends was assumed because the result would be anti-dilutive.

FINANCE RECEIVABLES

3 Months Ended

Sep. 30, 2012

Receivables [Abstract]

Finance Receivables

2. FINANCE RECEIVABLES

Finance Receivables consist of the following:

	September 30,		June 30,
	2012		2012
	(unaudited)
Total finance receivables	$	512,016	$	542,847
Less current portion		139,039		206,649
Non-current portion of finance receivables	$	372,977	$	336,198

As of September 30, 2012 and June 30, 2012, 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 September 30, 2012

Credit risk profile based on payment activity:

	Leases

Performing	$	512,016
Nonperforming		-
Total	$	512,016

Age Analysis of Past Due Finance Receivables

As of September 30, 2012

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

Leases	$	-	$	2,300	$	-	$	2,300	$	509,716	$	512,016
Total	$	-	$	2,300	$	-	$	2,300	$	509,716	$	512,016

ACCRUED EXPENSES

3 Months Ended

Sep. 30, 2012

Accrued Liabilities [Abstract]

ACCRUED EXPENSES

3. ACCRUED EXPENSES

Accrued expenses consist of the following:

	September 30,		June 30,
	2012		2012
	(unaudited)
Accrued compensation and related sales commissions	$	437,264	$	767,926
Accrued professional fees		226,048		482,664
Accrued taxes and filing fees		642,751		663,078
Advanced customer billings		334,264		311,767
Accrued proxy contest and litigation costs		121,530		992,520
Accrued rent		265,363		278,862
Accrued other		290,031		271,880
	$	2,317,251	$	3,768,697

LINE OF CREDIT	3 Months Ended
LINE OF CREDIT	Sep. 30, 2012
Line Of Credit Facility [Abstract]
Line Of Credit [Text Block]	4. 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. At September 30, 2012, the balance due on the Line of Credit was $1,337,779 and the Company satisfied all covenants contained in the Loan Documents.

FAIR VALUE OF FINANCIAL INSTRUMENTS

3 Months Ended

Sep. 30, 2012

Fair Value Disclosures [Abstract]

FAIR VALUE OF FINANCIAL INSTRUMENTS

5. 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 September 30, 2012 and June 30, 2012:

September 30, 2012	Level 1		Level 2		Level 3		Total

Cash equivalents	$	158,092	$	-	$	-	$	158,092
Common stock warrant liability, warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016	$	-	$	-	$	455,299	$	455,299
Common stock warrant liability, warrants exercisable at $5.90 through September 14, 2013	$	-	$	-	$	134	$	134

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

As of September 30, 2012 and June 30, 2012, the fair values of the Company’s Level 1 financial instruments were $158,092 and $141,107, respectively. These financial instruments consist of cash equivalents, including certificates of deposit and money market accounts. As of September 30, 2012 and June 30, 2012, the Company held no Level 2 financial instruments.

As of September 30, 2012 and June 30, 2012, the fair values of the Company’s Level 3 financial instruments totaled $455,433 and $918,566, 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 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. As of September 30, 2012, 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 $134 using the Black-Scholes with the following assumptions: dividend yield of 0%, expected stock price volatility of 0.68, risk free interest rate of 0.17%, and an expected life of one year. There were no transfers of assets or liabilities between level 1, level 2, or level 3 during the periods ending September 30, 2012 and June 30, 2012.

The following table summarizes the changes in fair value of the Company’s Level 3 financial instruments for the three months ended September 30, 2012 and 2011:

	Three months ended
	September 30,
	2012			2011
	(unaudited)			(unaudited)
Balance, Beginning of period	$	(918,566	)	$	(2,732,253	)
Purchase, sales, issuance, settlements, or transfers		-			-
Gain due to change in fair value of warrant liabilities, net		463,133			1,736,609
Ending balance	$	(455,433	)	$	(995,644	)

- 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

COMMON STOCK AND COMMON STOCK WARRANTS	3 Months Ended
COMMON STOCK AND COMMON STOCK WARRANTS	Sep. 30, 2012
Common Stock Warrants and Options [Abstract]
COMMON STOCK AND COMMON STOCK WARRANTS	6. COMMON STOCK AND COMMON STOCK WARRANTS Under the 2010 Stock Incentive Plan, the Company recorded stock compensation expense of $15,644 and issued 500 shares of Common stock during the three months ended September 30, 2012. $9,792 of the expense related to the vesting of shares under employment agreements entered into with its executive officers in April 2011; and $5,852 of expenses related to vesting and issuance of shares to an employee and Directors of the Company granted in June 2011 and March 2012. 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. Under the 2011 Stock Incentive Plan 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. The Company recorded stock compensation expense of $64,689 and issued 59,165 shares of Common stock during the three months ended September 30, 2012. $26,719 of the expense related to the vesting of shares under employment agreements entered into with its executive officers in September 2011, and 41,666 shares of Common Stock vested under these grants on September 27, 2012. $18,124 of expenses related to vesting of shares granted to Directors of the Company in July 2012; 9,999 shares of Common Stock vested under this grant in August 2012. $19,846 of expenses related to vesting of shares granted to employees in April 2012; 7,500 shares of Common Stock vested under these grants in September 2012. Under the 2012 Stock Incentive Plan, the Company recorded stock compensation expense of $45,000 and issued 171,998 shares of Common stock during the three months ended September 30, 2012. All of the expense and 35,713 shares of Common Stock were issued to Company Directors in lieu of cash payment for compensation for services to the Company in the three months ended September 30, 2012. The other 136,285 shares of Common Stock were issued to its executive officers under the Fiscal Year 2012 Performance Share Plan (the “2012 Plan”) after the filing of the Company’s form 10-K on September 26, 2012. On September 5, 2012, at the recommendation of the Compensation Committee, the board of directors adopted the Fiscal Year 2013 Performance Share Plan (the “2013 Plan”) covering the Company’s executive officers. Under the 2013 Plan, each executive officer would be awarded common stock in the event the Company achieves certain performance goals during the fiscal year ending June 30, 2013. The metrics under the 2013 Plan as well as the relative weightings of these metrics are identical to those originally set forth in the 2012 Plan. No awards would be made under the 2013 Plan if either (i) none of the minimum, threshold performance target goals has been achieved, or (ii) if operating earnings for the 2013 fiscal year are not equal or better than those during the 2012 fiscal year. If all of the target goals are achieved under the 2013 Plan, the executive officers would be awarded shares having the following value: Mr. Herbert – $275,000; and Mr. DeMedio – $100,000. If all of the minimum, threshold performance target goals are achieved, the executive officers would be awarded shares having the following value: Mr. Herbert – $75,000; and Mr. DeMedio – $25,000. If all of the maximum, distinguished performance target goals are achieved, the executive officers would be awarded shares having the following value: Mr. Herbert – $550,000; and Mr. DeMedio – $200,000. 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 number of shares from the target goal, and if actual results are greater than the maximum, distinguished goals, each executive would be awarded a greater pro rata number of shares over the maximum distinguished goal. As of September 30, 2012 and for the three months then ended the Company recorded a liability and expense of $43,868. In the same quarter a year ago for the 2012 Plan, the Company recorded a liability and expense of $47,582. Warrants to purchase up to 291,432 shares of Common Stock, issued in conjunction with the 2009 Rights Offering, exercisable at $2.20 per share expired unexercised on August 6, 2012. During the three months ended September 30, 2011, the Company recorded stock compensation expense of $240,453 and issued 92,666 shares of Common stock. $66,094 and $156,749 of the expense related to the vesting of shares under employment agreements entered into with its executive officers in April and September 2011, respectively; and $17,610 of expenses related to vesting and issuance of shares to employees and Directors of the Company granted in June 2011.

SUBSEQUENT EVENTS	3 Months Ended
SUBSEQUENT EVENTS	Sep. 30, 2012
Subsequent Events [Abstract]
Subsequent Events	7. SUBSEQUENT EVENT On October 9, 2012, USA Technologies, Inc. (the “Company”) and Visa U.S.A. Inc. (the “Network”), entered into a First Amendment (the “First Amendment”) to the agreement that had been previously entered into between them on October 12, 2011 (the “Agreement”). Pursuant to the First Amendment, the original one-year term of the Agreement has been extended until October 31, 2013, and will automatically renew for an additional year, or until October 31, 2014, unless either party would provide at least 60-days prior notice of non-renewal. As previously reported, pursuant to regulations that were promulgated pursuant to the Durbin Amendment to the Dodd Frank Wall Street Reform And Consumer Protection Act of 2010, the interchange fees for small ticket debit card transactions increased effective October 1, 2011. Pursuant to the Agreement, the Network has agreed to make available to the Company reduced interchange fees for debit card transactions. These reduced interchange fees will allow the Company to continue to accept the Network’s debit card products during the term of the Agreement, as amended, without adversely impacting the Company’s historical gross profit from license and transaction fee revenues. During the term of the Agreement, as amended, the Company does not anticipate accepting any debit cards with interchange fees that are higher than the rates provided under the Agreement.

ACCOUNTING POLICIES (Policies)	3 Months Ended
ACCOUNTING POLICIES (Policies)	Sep. 30, 2012
Organization, Consolidation, Basis Of Presentation, Business Description and Accounting Policies [Abstract]
Business	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, and our eSuds™ technology can be installed in 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.
Interim Financial Information	Interim Financial Information The accompanying unaudited consolidated financial statements of USA Technologies, Inc. have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements and therefore should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended June 30, 2012. In the opinion of management, all adjustments considered necessary for a fair presentation, consisting of normal recurring adjustments, have been included. Operating results for the three-month period ended September 30, 2012 are not necessarily indicative of the results that may be expected for the year ending June 30, 2013. The balance sheet at June 30, 2012 has been derived from the audited financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. The Company has incurred losses from its inception through June 30, 2012; the Company had net income of $39,140 for the fiscal quarter ended September 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; and may be required to raise equity capital to meet its cash flow requirements.
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. At September 30, 2012 and June 30, 2012, none of the cash and cash equivalents of the Company was 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.
Finance Receivables	Finance Receivables The Company offers extended payment terms to certain customers for equipment sales under its Quick Start Program. Notes receivable or Quick Start leases are generally for a 36 or 60 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.
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.
Income Taxes	Income Taxes A provision for income taxes of $6,921 (all deferred income taxes) was recorded for the three months ended September 30, 2012. The provision for income taxes is not a function of nor related to the income before provision for income taxes of $46,061 for the period because the Company has significant operating loss carryforwards that are available to negate any taxable income that would create current liabilities for income taxes. The provision for income taxes relates to the amortization of indefinite life intangible assets and goodwill that are being amortized for income tax purposes but not for financial reporting purposes giving rise to basis differences in such assets between financial and income tax reporting. The Company has substantial operating loss carryforwards and other items that create net deferred tax assets that have been offset by a valuation allowance as the realization of the deferred tax assets is not likely, principally due to a lack of earnings history. The deferred tax liabilities related to the amortization of the indefinite life assets are not subject to offset against deferred tax assets with finite lives. As of September 30, 2012 and June 30, 2012, deferred tax liabilities of $19,520 and $12,599, respectively, were recorded for the potential future state and federal income tax effects for these basis differences. No provision for income taxes was recorded for the three months ended September 30, 2011.
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 unless such effect is anti-dilutive. No exercise of stock options, stock purchase warrants, or the conversion of preferred stock or cumulative preferred dividends was assumed because the result would be anti-dilutive.

FINANCE RECEIVABLES (Tables)

3 Months Ended

Sep. 30, 2012

Receivables [Abstract]

Schedule of finance receivables

	September 30,		June 30,
	2012		2012
	(unaudited)
Total finance receivables	$	512,016	$	542,847
Less current portion		139,039		206,649
Non-current portion of finance receivables	$	372,977	$	336,198

Schedule of credit quality indicators

	Leases

Performing	$	512,016
Nonperforming		-
Total	$	512,016

Schedule of age analysis of past due finance receivables

As of September 30, 2012

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

Leases	$	-	$	2,300	$	-	$	2,300	$	509,716	$	512,016
Total	$	-	$	2,300	$	-	$	2,300	$	509,716	$	512,016

ACCRUED EXPENSES (Tables)

3 Months Ended

Sep. 30, 2012

Accrued Liabilities [Abstract]

Schedule of accrued liabilities

	September 30,		June 30,
	2012		2012
	(unaudited)
Accrued compensation and related sales commissions	$	437,264	$	767,926
Accrued professional fees		226,048		482,664
Accrued taxes and filing fees		642,751		663,078
Advanced customer billings		334,264		311,767
Accrued proxy contest and litigation costs		121,530		992,520
Accrued rent		265,363		278,862
Accrued other		290,031		271,880
	$	2,317,251	$	3,768,697

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Sep. 30, 2012

Fair Value Disclosures [Abstract]

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

September 30, 2012	Level 1		Level 2		Level 3		Total

Cash equivalents	$	158,092	$	-	$	-	$	158,092
Common stock warrant liability, warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016	$	-	$	-	$	455,299	$	455,299
Common stock warrant liability, warrants exercisable at $5.90 through September 14, 2013	$	-	$	-	$	134	$	134

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

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

	Three months ended
	September 30,
	2012			2011
	(unaudited)			(unaudited)
Balance, Beginning of period	$	(918,566	)	$	(2,732,253	)
Purchase, sales, issuance, settlements, or transfers		-			-
Gain due to change in fair value of warrant liabilities, net		463,133			1,736,609
Ending balance	$	(455,433	)	$	(995,644	)

- 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

ACCOUNTING POLICIES (Detail Textuals) - USD ($)

3 Months Ended

Sep. 30, 2012

Sep. 30, 2011

Jun. 30, 2012

Accounts, Notes, Loans and Financing Receivable [Line Items]

Net income

$ 39,140

$ (78,954)

Provision for deferred tax liability

6,921

Income (loss) before provision for income taxes

46,061

$ (78,954)

Deferred tax liabilities

$ 19,520

^[1]

$ 12,599

Quick Start leases | Maximum

Accounts, Notes, Loans and Financing Receivable [Line Items]

Term of notes receivable or quick start leases

60 months

Quick Start leases | Minimum

Accounts, Notes, Loans and Financing Receivable [Line Items]

Term of notes receivable or quick start leases

36 months

[1]	(unaudited)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Net Income
-URI http://asc.fasb.org/extlink&oid=6518256

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.19)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

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

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.18)
-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.22)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Other Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=6519514

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e565-108580

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph 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 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 10, 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.

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph A7
-Appendix A

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 87-21
-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 SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 19
-Article 5

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-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 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 28, 29, 30
-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 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 20
-Article 9

+ Details

FINANCE RECEIVABLES - Finance Receivables (Details) - USD ($)

Sep. 30, 2012

^[1]

Jun. 30, 2012

Receivables [Abstract]

Total finance receivables

$ 512,016

$ 542,847

Less current portion

139,039

206,649

Finance receivables, less current portion

$ 372,977

$ 336,198

[1]	(unaudited)

- 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 ($)

Sep. 30, 2012

Jun. 30, 2012

Financing Receivable, Recorded Investment [Line Items]

Financing Receivable, Net

$ 512,016

^[1]

$ 542,847

Leases

Financing Receivable, Recorded Investment [Line Items]

Financing Receivable, Net

512,016

Performing

Financing Receivable, Recorded Investment [Line Items]

Financing Receivable, Net

512,016

Nonperforming

Financing Receivable, Recorded Investment [Line Items]

Financing Receivable, Net

[1]	(unaudited)

FINANCE RECEIVABLES - Age analysis of past due finance receivables (Details 2) - USD ($)

Sep. 30, 2012

Jun. 30, 2012

Financing Receivable, Recorded Investment, Past Due [Line Items]

31-60 Days Past Due

61-90 Days Past Due

2,300

Greater than 90 Days Past Due

Total Past Due

2,300

Current

509,716

Total Finance Receivables

512,016

^[1]

$ 542,847

Leases

Financing Receivable, Recorded Investment, Past Due [Line Items]

31-60 Days Past Due

61-90 Days Past Due

2,300

Greater than 90 Days Past Due

Total Past Due

2,300

Current

509,716

Total Finance Receivables

$ 512,016

[1]	(unaudited)

ACCRUED EXPENSES (Details) - USD ($)

Sep. 30, 2012

^[1]

Jun. 30, 2012

Accrued Liabilities [Abstract]

Accrued compensation and related sales commissions

$ 437,264

$ 767,926

Accrued professional fees

226,048

482,664

Accrued taxes and filing fees

642,751

663,078

Advanced customer billings

334,264

311,767

Accrued proxy contest and litigation costs

121,530

992,520

Accrued rent

265,363

278,862

Accrued other

290,031

271,880

Accrued Liabilities

$ 2,317,251

$ 3,768,697

[1]	(unaudited)

- 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

LINE OF CREDIT (Detail Textuals) - USD ($)

Jul. 10, 2012

Sep. 30, 2012

Line of Credit Facility [Line Items]

Line of credit

^[1]

$ 1,337,779

Line of Credit

Line of Credit Facility [Line Items]

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.

Percentage of minimum prime rate as published in The Wall Street Journal

2.00%

Maximum interest rate on Line of credit

5.00%

Minimum interest payable on line of credit

$ 20,000

Line of credit facility, interest rate description

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.

Line of Credit | Avidbank (the "Bank")

Line of Credit Facility [Line Items]

Revolving line of credit secured asset-based

$ 3,000,000

Minimum limit of amount of advances under Line of Credit (in dollars)

$ 3,000,000

Line of credit facility, Basis measurement

Prime Rate

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

$ 1,000,000

[1]	(unaudited)

FAIR VALUE OF FINANCIAL INSTRUMENTS - Fair value of the company's financial instruments that are required to be measured at fair value (Details) - USD ($)	Sep. 30, 2012	Jun. 30, 2012
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 158,092	$ 141,107
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	455,299	917,440
Common stock warrant liability, warrants exercisable at $5.90 through September 14, 2013	134	1,126
Total
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	158,092	141,107
Common stock warrant liability, warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016	455,299	917,440
Common stock warrant liability, warrants exercisable at $5.90 through September 14, 2013	$ 134	$ 1,126

- 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 ($)

3 Months Ended

Sep. 30, 2012

Sep. 30, 2011

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

Balance, Beginning of period

^[1]

$ (918,566)

$ (2,732,253)

Purchase, sales, issuance, settlements, or transfers

^[1]

Gain due to change in fair value of warrant liabilities, net

^[1]

463,133

1,736,609

Balance, end of period

^[1]

$ (455,433)

$ (995,644)

[1]	(unaudited)

FAIR VALUE OF FINANCIAL INSTRUMENTS (Detail Textuals) - $ / Warrant	Sep. 30, 2012	Jun. 30, 2012
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 at through September 14, 2013 (in dollar per share)	5.90	5.90

FAIR VALUE OF FINANCIAL INSTRUMENTS (Detail Textuals 1) - USD ($)

1 Months Ended

3 Months Ended

Mar. 31, 2011

Mar. 31, 2007

Sep. 30, 2012

Jun. 30, 2012

Sep. 30, 2011

Jun. 30, 2011

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair value of common stock warrants

^[1]

$ 455,433

$ 918,566

$ 995,644

$ 2,732,253

Level 1

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair value of common stock warrants

158,092

141,107

Level 3

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair value of common stock warrants

134

Fair value of financial instrument

$ 455,433

$ 918,566

Purchase of company's common stock (in shares)

3,900,000

903,955

Valuation method used to determine fair value

proprietary valuation models

Black-Scholes model

Dividend yield

0.00%

Expected stock price volatility

0.68%

Risk free interest rate

0.17%

Expected life

1 year

[1]	(unaudited)

COMMON STOCK AND COMMON STOCK WARRANTS (Detail Textuals)		1 Months Ended							3 Months Ended
	Sep. 05, 2012 USD ($)	Sep. 27, 2012 shares	Aug. 31, 2012 shares	Jul. 31, 2012 USD ($) Director shares	Apr. 30, 2012 USD ($)	Sep. 30, 2011 USD ($)	Jun. 30, 2011 USD ($)	Apr. 30, 2011 USD ($)	Sep. 30, 2012 USD ($) $ / shares shares	Sep. 30, 2011 USD ($) shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense										$ 240,453
Number of Common stock issued \| shares									59,165	92,666
Share based compensation liability of cash and recorded expense									$ 43,868	$ 47,582
Employee and Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expenses relating to vesting of shares							$ 17,610
Executive officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expenses relating to vesting of shares								$ 66,094		$ 156,749
Mr.Herbert
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Value of shares awarded	$ 550,000
Mr.Herbert \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Value of shares awarded	275,000
Mr.Herbert \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Value of shares awarded	75,000
Mr.Demedio
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Value of shares awarded	200,000
Mr.Demedio \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Value of shares awarded	100,000
Mr.Demedio \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Value of shares awarded	$ 25,000
Stock Incentive Plan 2010
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense									$ 15,644
Number of Common stock issued \| shares									500
Stock Incentive Plan 2010 \| Employee and Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expenses relating to vesting of shares							$ 5,852
Stock Incentive Plan 2010 \| Executive officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expenses relating to vesting of shares								$ 9,792
Stock Incentive Plan 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense									$ 64,689
Number of Common stock issued \| shares									30,000
Fair value of common stock shares awarded per shares \| $ / shares									$ 1.45
Number of common stock shares issued on August 10, 2012 \| shares									9,999
Number of common Stock Shares issued On August 10, 2013 \| shares									9,999
Number of common stock shares issued on August 10, 2014 \| shares									10,002
Stock Incentive Plan 2011 \| Executive officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Common stock issued \| shares		41,666
Expenses relating to vesting of shares						$ 26,719
Stock Incentive Plan 2011 \| Non employee directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Common stock issued \| shares				10,000
Number of directors \| Director				3
Stock Incentive Plan 2011 \| Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expenses relating to vesting of shares					$ 19,846
Number of common stock shares vested \| shares									7,500
Stock Incentive Plan 2011 \| Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expenses relating to vesting of shares				$ 18,124
Number of common stock shares vested \| shares			9,999
Stock Incentive Plan 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense									$ 45,000
Number of Common stock issued \| shares									171,998
Stock Incentive Plan 2012 \| Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock shares issued for cash payment for compensation for services \| shares									35,713
Performance Share Plan (the "2012 Plan") \| Executive officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Common stock issued \| shares									136,285

COMMON STOCK AND COMMON STOCK WARRANTS (Detail Textuals 1)	Sep. 30, 2012 $ / Warrant	Aug. 06, 2012 $ / Warrant shares	Jun. 30, 2012 $ / Warrant
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]
Total number of warrants issued \| shares		291,432
Exercise price of shares to be purchased as warrants		2.20