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Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Mar. 31, 2016	May 02, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	USA TECHNOLOGIES INC
Entity Central Index Key	0000896429
Trading Symbol	usat
Current Fiscal Year End Date	--06-30
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		36,734,629
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Amendment Flag	false
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q3

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Current assets:
Cash	$ 14,901	$ 11,374
Accounts receivable, less allowance for doubtful accounts of $2,058 and $1,309, respectively	8,345	5,971
Finance receivables	1,677	941
Inventory	2,341	4,216
Prepaid expenses and other current assets	1,060	574
Deferred income taxes	1,276	1,258
Total current assets	29,600	24,334
Finance receivables, less current portion	3,042	3,698
Other assets	337	350
Property and equipment, net	10,584	12,869
Deferred income taxes	25,701	25,788
Goodwill and intangibles	12,976	8,095
Total assets	82,240	75,134
Current liabilities:
Accounts payable	12,029	10,542
Accrued expenses	3,339	2,108
Line of credit	6,980	4,000
Current obligations under long-term debt	625	478
Income taxes payable		54
Warrant liabilities	5,964
Deferred gain from sale-leaseback transactions	860	860
Total current liabilities	29,797	18,042
Long-term liabilities:
Long-term debt, less current portion	1,742	1,854
Accrued expenses, less current portion	19	49
Warrant liabilities, less current portion		978
Deferred gain from sale-leaseback transactions, less current portion	255	900
Total long-term liabilities	2,016	3,781
Total liabilities	31,813	21,823
Shareholders' equity:
Preferred stock, no par value: Authorized shares- 1,800,000 Series A convertible preferred- Authorized shares- 900,000 Issued and outstanding shares- 445,063 with liquidation preference of $18,108 and $17,440, respectively	3,138	3,138
Common stock, no par value: Authorized shares- 640,000,000 Issued and outstanding shares- 36,578,715 and 35,763,663, respectively	227,924	224,874
Accumulated deficit	(180,635)	(174,701)
Total shareholders' equity	50,427	53,311
Total liabilities and shareholders' equity	$ 82,240	$ 75,134

Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Allowance for uncollectible accounts receivable (in dollars)	$ 2,058	$ 1,309
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	36,578,715	36,578,715
Common stock, shares outstanding	35,763,663	35,763,663
Series A Convertible Preferred Stock
Preferred stock, shares authorized	900,000	900,000
Preferred stock, shares issued	445,063	445,063
Preferred stock, shares outstanding	445,063	445,063
Preferred stock, liquidation preference value (in dollars)	$ 18,108	$ 17,440

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Revenues:
License and transaction fees	$ 14,727	$ 11,059	$ 41,326	$ 31,695
Equipment sales	5,634	4,298	14,138	8,736
Total revenues	20,361	15,357	55,464	40,431
Costs of sales/revenues:
Cost of services	9,703	7,157	27,475	21,566
Cost of equipment	4,986	3,054	11,787	6,850
Total costs of sales/revenues	14,689	10,211	39,262	28,416
Gross profit	5,672	5,146	16,202	12,015
Operating expenses:
Selling, general and administrative	6,094	4,281	15,652	11,444
Depreciation	173	135	439	456
Total operating expenses	6,267	4,416	16,091	11,900
Operating income (loss)	(595)	730	111	115
Other income (expense):
Interest income	67	27	138	41
Interest expense	(180)	(85)	(403)	(209)
Change in fair value of warrant liabilities	(4,805)	(1,101)	(5,692)	(656)
Total other income (expense), net	(4,918)	(1,159)	(5,957)	(824)
Loss before provision for income taxes	(5,513)	(429)	(5,846)	(709)
Benefit (provision) for income taxes	93	(138)	(88)	(180)
Net loss	(5,420)	(567)	(5,934)	(889)
Cumulative preferred dividends	(334)	(334)	(668)	(668)
Net loss applicable to common shares	$ (5,754)	$ (901)	$ (6,602)	$ (1,557)
Net loss per common share - basic and diluted (in dollars per share)	$ (0.16)	$ (0.03)	$ (0.18)	$ (0.04)
Basic and diluted weighted average number of common shares outstanding (in shares)	36,161,613	35,747,979	35,961,648	35,705,210

Consolidated Statements of Shareholders' Equity (Unaudited) - 9 months ended Mar. 31, 2016 - USD ($) $ in Thousands	Series A Convertible Preferred Stock	Common Stock	Accumulated Deficit	Total
Balance (As previously reported) at Jun. 30, 2015	$ 3,138	$ 224,874	$ (174,701)	$ 53,311
Balance (Adjustments (See Note 18 of the Notes to Consolidated Financial Statements))
Balance at Jun. 30, 2015	$ 3,138	$ 224,874	(174,701)	53,311
Balance (in shares) (As previously reported) at Jun. 30, 2015	442,968	35,747,242
Balance (in shares) (Adjustments (See Note 18 of the Notes to Consolidated Financial Statements))	2,095	16,421
Balance (in shares) at Jun. 30, 2015	445,063	35,763,663
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Warrants issued in conjunction with Line of Credit Agreement		$ 52		52
Reclass of fair value of warrant liability upon exercise of warrants		706		706
Exercise of warrants		$ 1,681		1,681
Exercise of warrants (in shares)		645,100
2013 Stock Incentive Plan		$ 377		377
2013 Stock Incentive Plan (in shares)		169,913
Stock based compensation 2014 Stock Option Incentive Plan		$ 274		274
Stock based compensation 2014 Stock Option Incentive Plan (in shares)		12,785
Retirement of common stock		$ (40)		(40)
Retirement of common stock (in shares)		(12,746)
Net income			$ (5,934)	(5,934)
Balance at Mar. 31, 2016	$ 3,138	$ 227,924		$ 50,427
Balance (in shares) at Mar. 31, 2016	445,063	36,578,715	(180,635)	50,427

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
OPERATING ACTIVITIES:
Net loss	$ (5,420)	$ (567)	$ (5,934)	$ (889)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Charges incurred in connection with the vesting and issuance of common stock and common stock options for employee and director compensation	142	216	651	541
Gain on disposal of property and equipment	(15)	(6)	(57)	(13)
Bad debt expense	506	302	980	602
Depreciation	1,190	1,433	3,863	4,350
Amortization of intangible assets	44		44
Change in fair value of warrant liabilities	4,805	1,101	5,692	656
Deferred income taxes, net	(93)	121	88	184
Recognition of deferred gain from sale-leaseback transactions	(215)	(216)	(645)	(619)
Changes in operating assets and liabilities, net of acquisition:
Accounts receivable	(1,872)	(984)	(3,352)	(1,821)
Finance receivables	(154)	(2,248)	547	(3,782)
Inventory	250	651	1,118	(1,292)
Prepaid expenses and other assets	(160)	152	(366)	(207)
Accounts payable	4,154	(141)	1,487	(2,046)
Accrued expenses	1,166	234	1,151	(39)
Income taxes payable		17	(70)	(4)
Net cash provided by (used in) operating activities	4,328	65	5,197	(4,379)
INVESTING ACTIVITIES:
Purchase and additions of property and equipment	(164)	(4)	(331)	(54)
Purchase of property for rental program				(1,642)
Proceeds from sale of rental equipment under sale-leaseback transactions				4,994
Proceeds from sale of property and equipment	19	19	124	54
Cash paid for assets acquired from VendScreen	(5,625)		(5,625)
Net cash provided by (used in) investing activities	(5,770)	15	(5,832)	3,352
FINANCING ACTIVITIES:
Cash used for the retirement of common stock			(40)	(62)
Proceeds from exercise of common stock warrants	1,652		1,681
Proceeds (payments) from line of credit	33		3,033	(1,000)
Proceeds from long-term debt		1,753		1,753
Repayment of long-term debt	(151)	(92)	(512)	(261)
Net cash provided by financing activities	1,534	1,661	4,162	430
Net increase (decrease) in cash	92	1,741	3,527	(597)
Cash at beginning of period	14,809	6,734	11,374	9,072
Cash at end of period	14,901	8,475	14,901	8,475
Supplemental disclosures of cash flow information:
Interest paid in cash	191	67	404	202
Depreciation expense allocated to cost of services	1,051	1,271	3,436	3,867
Reclass of rental program property to inventory, net	347	1,374	845	1,393
Prepaid items financed with debt			103	103
Equipment and software acquired under capital lease	409		444	108
Disposal of property and equipment	189	$ 343	526	395
Disposal of property and equipment under sale-leaseback transactions				$ 3,873
Fair value of common stock warrants at issuance recorded as a debt discount	52		52
Debt financing costs financed with debt	$ 79		$ 79

ACCOUNTING POLICIES

9 Months Ended

Mar. 31, 2016

Accounting Policies [Abstract]

ACCOUNTING POLICIES

1. ACCOUNTING POLICIES

BUSINESS

USA Technologies, Inc. (the “Company”, “We”, “USAT”, or “Our”) was incorporated in the Commonwealth of Pennsylvania in January 1992. We are a provider of technology-enabled solutions and value-added services that facilitate electronic payment transactions primarily within the unattended Point of Sale (“POS”) market. We are a leading provider in the small ticket, beverage and food vending industry and are expanding our solutions and services to other unattended market segments, such as amusement, commercial laundry, kiosk, and others. Since our founding, we have designed and marketed systems and solutions that facilitate electronic payment options, as well as telemetry, Internet of Things (“IoT”), and machine-to-machine (“M2M”) services, which include the ability to remotely monitor, control, and report on the results of distributed assets containing our electronic payment solutions. Historically, these distributed assets have relied on cash for payment in the form of coins or bills, whereas, our systems allow them to accept cashless payments such as through the use of credit or debit cards or other emerging contactless forms, such as mobile payment.

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, 2015. 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 and nine-month periods ended March 31, 2016 are not necessarily indicative of the results that may be expected for the year ending June 30, 2016. The balance sheet at June 30, 2015 has been derived from the audited consolidated 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.

CONSOLIDATION

The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation.

USE OF ESTIMATES

The preparation of the consolidated 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 consolidated financial statements and accompanying notes. Actual results could differ from those estimates.

CASH

The Company maintains its cash in bank deposit accounts, which may exceed federally insured limits at times.

ACCOUNTS RECEIVABLE AND ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS

Accounts receivable include amounts due to the Company for sales of equipment, other amounts due from customers, merchant service receivables, and unbilled amounts due from customers, net of the allowance for uncollectible accounts.

The Company maintains an allowance for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments, including from a shortfall in the customer transaction fund flow from which the company would normally collect amounts due.

The allowance is determined through an analysis of various factors including the aging of the accounts receivable, the strength of the relationship with the customer, the capacity of the customer transaction fund flow to satisfy the amount due from the customer, an assessment of collection costs and other factors. The allowance for uncollectible accounts receivable is management’s best estimate as of the respective reporting date. If the factors described above were to deteriorate, additional amounts may need to be added to the allowance.

Changes in the estimated allowance are due to write-offs or collections of receivables. Other changes in the estimated allowance in the period are charged to bad debt expense and included in selling, general and administrative expenses on the statements of operations.

FINANCE RECEIVABLES

The Company offers extended payment terms to certain customers for equipment sales under its QuickStart Program. In accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification® (“ASC”) Topic 840, “Leases”, agreements under the QuickStart 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. Finance receivables or QuickStart leases are generally for a sixty-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.

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.

INTANGIBLE ASSETS

The Company’s intangible assets include goodwill, trademarks, non-compete agreements, brand, developed technology and customer relationships.

The Company’s trademarks with an indefinite economic life are not being amortized. The trademarks, not subject to amortization, are related to the EnergyMiser asset group and consist of four trademarks. 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 relief from royalty 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.

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. 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.

FAIR VALUE OF FINANCIAL INSTRUMENTS

The FASB issued Accounting Standards Update (“ASU”) 2010-06, “Fair Value Measurements and Disclosures (“Topic 820”): Improving Disclosures about Fair Value Measurements.” ASU 2010-06 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 accounted for in accordance with ASC 820 “Fair Value Measurement.” Under ASC 820 the Company uses inputs from the three levels of the fair value hierarchy to measure its financial assets and liabilities. 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 accounts receivable, short-term 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 agreements and the long-term portion of its finance receivables approximates their carrying value as such instruments are at market rates currently available to the Company.

REVENUE RECOGNITION

Revenue from the sale or QuickStart lease of equipment is recognized on the terms of freight-on-board shipping point. Activation fee revenue, if applicable, 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 and license and transaction fee refunds on a monthly basis.

ePort hardware is available to customers under the QuickStart program pursuant to which the customer would enter into a five-year non-cancelable lease with either the Company or a third-party leasing company for the devices. At the end of the lease period, the customer would have the option to purchase the device at its residual value.

PREFERRED STOCK

Preferred stock is recorded on the balance sheet in the equity section at its par value.

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

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 consolidated 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.

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 that, 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 or penalties related to uncertain tax positions were accrued or incurred during the three and nine months ended March 31, 2016 and 2015.

EARNINGS (LOSS) PER COMMON SHARE

Basic earnings (loss) 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 period plus the effect of potential common shares unless such effect is anti-dilutive.

RECLASSIFICATION

As reported in the Company’s Form 10-Q for the quarter ended September 30, 2015, commencing with the September 30, 2015 financial statements, the Company changed the manner in which it presents certain uncollected customer accounts receivable and the related allowance in its consolidated balance sheets and the related statements of cash flows. These accounts receivable represent a large number of small balance amounts due from customers for processing and service fees which had not been billed to customers, and as to which, there had been no customer transaction proceeds from which the Company could collect the amounts due in accordance with its normal procedures. The previous accounting classification recorded these amounts as a reduction of its accounts payable in the consolidated balance sheets and the related statements of cash flows. The new accounting classification moves these amounts to accounts receivable and allowance for bad debt.

Accordingly, the respective balances for all prior periods presented in these financial statements were reclassified in order to be consistent with and comparable to the accounting classification of these items in our March 31, 2016 financial statements. The new accounting classification as well as the reclassification for prior periods had no effect on the consolidated statements of operations or the consolidated statements of shareholders’ equity. The details of the reclassification of the respective consolidated balance sheets and the consolidated statements of cash flows amounts are presented in the table below:

($ in thousands)	June 30, 2015 Balances
Consolidated Balance Sheet Line Items	As previously reported			Reclassification			As reclassified
Accounts Receivable, net of allowance for doubtful accounts:
Reclassification of balances included in accounts payable to accounts receivable				$	2,114
Reclassification of the allowance for doubtful accounts in accounts payable					(815	)
	$	4,672		$	1,299		$	5,971

Allowance for Doubtful Accounts:
Reclassification of the allowance for doubtful accounts in accounts payable	$	(494	)	$	(815	)	$	(1,309	)

Accounts Payable:
Reclassification of balances included in accounts payable to accounts receivable				$	2,114
Reclassification of the allowance for doubtful accounts in accounts payable					(815	)
	$	9,243		$	1,299		$	10,542

($ in thousands)	For the three months ended March 31, 2015
Consolidated Statement of Cash Flow Line Items	As previously reported			Reclassification			As reclassified
Accounts Receivable
Reclassification of cash provided by and included in accounts payable to accounts receivable	$	(974	)	$	(10	)	$	(984	)

Accounts Payable:
Reclassification of cash used in and included in accounts payable to accounts receivable	$	(151	)	$	10		$	(141	)

($ in thousands)	For the nine months ended March 31, 2015
Consolidated Statement of Cash Flow Line Items	As previously reported			Reclassification			As reclassified
Accounts Receivable
Reclassification of cash provided by and included in accounts payable to accounts receivable	$	(1,257	)	$	(564	)	$	(1,821	)

Accounts Payable:
Reclassification of cash used in and included in accounts payable to accounts receivable	$	(2,610	)	$	564		$	(2,046	)

SOFTWARE DEVELOPMENT COSTS

In the second quarter of fiscal 2016, the Company changed the manner in which it treats certain costs for software developed for internal use, which are accounted for through the capitalization of those costs incurred in connection with developing or obtaining internal-use software. These capitalized costs for internal-use software are included in fixed assets in the consolidated balance sheet and are amortized over three years.

Costs incurred during the preliminary project along with post-implementation stages of internal use computer software development and costs incurred to maintain existing product offerings are expensed as incurred. The capitalization and ongoing assessment of recoverability of development costs require considerable judgment by management with respect to certain external factors, including, but not limited to, technological and economic feasibility and estimated economic life.

OTHER COMPREHENSIVE INCOME

ASC 220, “Comprehensive Income”, prescribes the reporting required for comprehensive income and items of other comprehensive income. Entities having no items of other comprehensive income are not required to report on comprehensive income. The Company has no items of other comprehensive income for the three and nine months ended March 31, 2016.

NEW ACCOUNTING PRONOUNCEMENTS

The Company is evaluating whether the effects of 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 2015, the FASB issued ASU 2015-16, "Simplifying the Accounting for Measurement-Period Adjustments". ASU 2015-16 eliminates the requirement for an acquirer in a business combination to account for measurement-period adjustments retrospectively. ASU 2015-16 will be effective for the Company beginning with the quarter ending September 30, 2016. Since this standard is prospective, the impact of ASU 2015-16 on the Company's financial condition, results of operations and cash flows will depend upon the nature of any measurement period adjustments identified in future periods.

In November 2015, the FASB issued ASU 2015-17, "Balance Sheet Classification of Deferred Taxes" ("ASU 2015-17"), which will require entities to present all deferred tax liabilities and assets as noncurrent on the balance sheet instead of separating deferred taxes into current and noncurrent amounts. The standard will be effective for the Company beginning with the quarter ending September 30, 2017. Early application is permitted. The standard can be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented.

In February 2016, the FASB issued ASU 2016-02 “Leases” (Topic 842). This pronouncement will be effective for the Company beginning with the quarter ending September 30, 2019.

In March 2016, the FASB issued ASU 2016-09 “Compensation – Stock Compensation” (Topic 718). This pronouncement will be effective for the Company beginning with the quarter ending September 30, 2016.

ACQUISITION

9 Months Ended

Mar. 31, 2016

Business Combinations [Abstract]

ACQUISITION

2. ACQUISITION

VENDSCREEN, INC.

On January 15, 2016, the Company executed an Asset Purchase Agreement with Vendscreen, Inc. (“VendScreen”), a Portland, Oregon based developer of vending industry cashless payment technology, by which it acquired substantially all of VendScreen’s assets and assumed specified liabilities, for a cash payment of $5.625 million. The purchase price was funded using $2.625 million in cash, and the balance of $3.0 million from a term loan which was converted from a line of credit.

This acquisition expands the Company’s capability with interactive media (touchscreen) and content delivery through VendScreen’s cloud-based content delivery platform, device platform and products, customer base, vendor management system (VMS) integration, and consumer product information including nutritional data. In addition to new technology and services, the acquisition adds a West Coast operational footprint, with former VendScreen employees able to offer expanded customer services, sales and technical support.

The following table summarizes the preliminary purchase price allocation to reflect the fair values of the assets acquired and liabilities assumed at the date of acquisition.

($ in thousands)

Consideration:
Fair value of total consideration paid in cash	$	5,625

Acquisition / integration expenses:	$	584

Recognized amounts of identifiable assets acquired and liabilities assumed:

Financial Assets:
Accounts receivable	$	3
Finance receivables		628
Other current assets		20
Deferred income taxes		18
		669

Property, and & equipment		81

Identifiable intangible assets:
Developed technology		639
Customer relationships		149
Brand		95
Noncompete agreements		2
Fair value of intangible assets		885

Financial liabilities
Accrued liabilities		(50	)

Total identifiable net assets	$	1,585

Goodwill		4,040

Total Fair Value	$	5,625

Of the $885 thousand of acquired intangible assets, $639 thousand was assigned to developed technology that is subject to amortization over 5 years, $149 thousand was assigned to customer relationships which are subject to amortization over 10 years; $2 thousand was assigned to a non-compete agreement that is subject to amortization over 2 years, and $95 thousand was assigned to the brand that is subject to amortization over 3 years. All of the intangible assets are amortizable for income tax purposes.

Substantially all of the goodwill is amortizable for income tax purposes.

VendScreen has been included in the accompanying consolidated financial statements of the Company since the date of acquisition. The $584 thousand of acquisition / integration expenses consists of non-recurring expenses incurred in connection with the acquisition and integration of the VendScreen business and were included in SG&A expenses during the nine months ended March 31, 2016.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1497-128463

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1490-128463

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
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+ Details

EARNINGS PER SHARE CALCULATION

9 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

EARNINGS PER SHARE CALCULATION

3. EARNINGS PER SHARE CALCULATION

The calculation of basic and diluted earnings per share is presented below:

	Three months ended						Nine months ended
	March 31,						March 31,
($ in thousands, except per share data)	2016			2015			2016			2015

Numerator for basic earnings per share - Net loss available to common shareholders	$	(5,754	)	$	(901	)	$	(6,602	)	$	(1,557	)
Gain recorded for reduction in fair value of warrants*		-			-			-			-
Numerator for diluted earnings per share - Net loss available to common shareholders	$	(5,754	)	$	(901	)	$	(6,602	)	$	(1,557	)

Denominator for basic earnings per share - Weighted average shares outstanding		36,161,613			35,747,979			35,961,648			35,705,210
Effect of dilutive potential common shares*		-			-			-			-
Denominator for diluted earnings per share - Adjusted weighted average shares outstanding		36,161,613			35,747,979			35,961,648			35,705,210

Basic and diluted loss per share	$	(0.16	)	$	(0.03	)	$	(0.18	)	$	(0.04	)

* No adjustment necessary as the effects would be anti-dilutive.

FINANCE RECEIVABLES

9 Months Ended

Mar. 31, 2016

Receivables [Abstract]

FINANCE RECEIVABLES

4. FINANCE RECEIVABLES

Finance receivables consist of the following:

	March 31,		June 30,
($ in thousands)	2016		2015
	(unaudited)

Total finance receivables	$	4,719	$	4,639
Less current portion		1,677		941
Non-current portion of finance receivables	$	3,042	$	3,698

The Company collects monthly payments of its finance receivables from the customers’ transaction fund flow. Accordingly, as the fund flow from these customers’ transactions is sufficient to satisfy the amount due to the Company, the risk of loss is considered remote and the Company has not provided for an allowance for credit losses for finance receivables as of March 31, 2016 and June 30, 2015.

Credit Quality Indicators

As of March 31, 2016

(unaudited)

Credit risk profile based on payment activity:	March 31,		June 30,
	2016		2015
($ in thousands)	(unaudited)
Performing	$	4,671	$	4,619
Nonperforming		48		20
Total	$	4,719	$	4,639

Age Analysis of Past Due Finance Receivables

As of March 31, 2016

(unaudited)

	31 – 60		61 – 90		Greater than						Total
($ in thousands)	Days Past Due		Days Past Due		90 Days Past Due		Total Past Due		Current		Finance Receivables

QuickStart Leases	$	30	$	3	$	15	$	48	$	4,671	$	4,719

Age Analysis of Past Due Finance Receivables

As of June 30, 2015

	31 – 60		61 – 90		Greater than						Total
($ in thousands)	Days Past Due		Days Past Due		90 Days Past Due		Total Past Due		Current		Finance Receivables

QuickStart Leases	$	-	$	15	$	5	$	20	$	4,619	$	4,639

PROPERTY AND EQUIPMENT

9 Months Ended

Mar. 31, 2016

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

5. PROPERTY AND EQUIPMENT

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

		March 31, 2016
		(unaudited)
($'s in thousands)	Useful Lives	Cost		Accumulated Depreciation			Net
Computer equipment and software	3-7 years	$	5,420	$	(4,287	)	$	1,133
Property and equipment used for rental program	5 years		26,789		(17,553	)		9,236
Furniture and equipment	3-7 years		828		(626	)		202
Leasehold improvements	Lesser of life or lease term		575		(562	)		13
		$	33,612	$	(23,028	)	$	10,584

		June 30, 2015
($'s in thousands)	Useful Lives	Cost		Accumulated Depreciation			Net
Computer equipment and purchased software	3-7 years	$	4,670	$	(4,017	)	$	653
Property and equipment used for rental program	5 years		26,469		(14,476	)		11,993
Furniture and equipment	3-7 years		723		(572	)		151
Leasehold improvements	Lesser of life or lease term		575		(503	)		72
		$	32,437	$	(19,568	)	$	12,869

Assets under capital lease totaled approximately $2.6 million and $2.1 million as of March 31, 2016 and June 30, 2015, respectively. Capital lease amortization of approximately $69 thousand and $130 thousand is included in depreciation expense for the three-month periods ended March 31, 2016 and 2015, respectively. Capital lease amortization of approximately $208 thousand and $271 thousand is included in depreciation expense for the nine-month periods ended March 31, 2016 and 2015, respectively.

GOODWILL AND INTANGIBLES

9 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLES

6. GOODWILL AND INTANGIBLES

There was $44 thousand of amortization expense relating to acquired intangible assets during the three and nine months ended March 31, 2016. There was no amortization expense relating to acquired intangible assets during the three and nine months ended March 31, 2015. Intangible asset balances consisted of the following:

	Beginning		Nine months ended March 31, 2016					Ending
	Balance		Additions/					Balance		Amortization
	July 1, 2015		Adjustments		Amortization			March 31, 2016		Period
Intangible assets:

Goodwill	$	7,663	$	4,040	$	-		$	11,703	Indefinite
Trademarks - Indefinite		432		-		-			432	Indefinite
Non-compete agreements		-		2		-			2	2 years
Brand		-		95		(8	)		87	3 years
Developed technology		-		639		(32	)		607	5 years
Customer relationships		-		149		(4	)		145	10 years
Total	$	8,095	$	4,925	$	(44	)	$	12,976

	Beginning		Year ended June 30, 2015				Ending
	Balance		Additions/				Balance		Amortization
	July 1, 2014		Adjustments		Amortization		June 30, 2015		Period
Intangible assets:

Goodwill	$	7,663	$	-	$	-	$	7,663	Indefinite
Trademarks - Indefinite		432		-		-		432	Indefinite
Total	$	8,095	$	-	$	-	$	8,095

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

ACCRUED EXPENSES

9 Months Ended

Mar. 31, 2016

Accrued Liabilities [Abstract]

ACCRUED EXPENSES

7. ACCRUED EXPENSES

Accrued expenses consist of the following:

	March 31,			June 30,
($ in thousands)	2016			2015
	(unaudited)
Accrued compensation and related sales commissions	$	1,135		$	673
Accrued professional fees		673			301
Accrued taxes and filing fees		526			505
Advanced customer billings		749			390
Accrued rent		7			75
Accrued other		268			213
		3,358			2,157
Less current portion		(3,339	)		(2,108	)
	$	19		$	49

LINE OF CREDIT

9 Months Ended

Mar. 31, 2016

Line Of Credit Facility [Abstract]

LINE OF CREDIT

8. LINE OF CREDIT

On January 15, 2016, the Company and Avidbank Corporate Finance, a division of Avidbank (“Avidbank”) entered into a Fifteenth Amendment (the “Amendment”) to the Loan and Security Agreement (as amended, the “Avidbank Loan Agreement”) previously entered into between them. The Avidbank Loan Agreement provided for a secured asset-based revolving line of credit facility (the “Avidbank Line of Credit”) of up to $7.0 million. The outstanding balance of the amounts advanced under the Avidbank Line of Credit bear interest at 2% above the prime rate as published in The Wall Street Journal or five percent (5%), whichever is higher. Avidbank also made a three-year term loan to the Company in the principal amount of $3.0 million (the “Term Loan”). The Term Loan was used by the Company to repay to Avidbank an advance that had been made to the Company under the Avidbank Line of Credit in December 2015, and which had been used by the Company to pay for the VendScreen business. The Term Loan provides that interest only is payable monthly during year one, interest and principal is payable monthly during years two and three, and all outstanding principal and accrued interest is due and payable on the third anniversary of the Term Loan. The Term Loan bears interest at an annual rate equal to 1.75% above the prime rate as published from time to time by The Wall Street Journal, or five percent (5%), whichever is higher. The Amendment increased the amount available under the Avidbank Line of Credit to $7.5 million less the amount then outstanding under the Term Loan.

On March 29, 2016, the Company entered into a Loan and Security Agreement and other ancillary documents (the “Heritage Loan Documents”) with Heritage Bank of Commerce (“Heritage Bank”), providing for a secured asset-based revolving line of credit in an amount of up to $12.0 million (the “Heritage Line of Credit”).

The Company utilized approximately $7.0 million under the Heritage Line of Credit to satisfy the existing Avidbank Line of Credit and related Term Loan, and approximately $100 thousand under the Heritage Line of Credit to pay closing fees, recorded as a debt discount, of Heritage Bank. The amount of advances remaining available to the Company under the Heritage Line of Credit as of March 31, 2016 was approximately $4.8 million.

The Heritage Loan Documents provide that the aggregate amount of advances under the Heritage Line of Credit shall not exceed the lesser of (i) $12.0 million, or (ii) eighty-five percent (85%) of license and transaction fee revenue (as is reflected as such in the Company’s consolidated statement of operations) for the preceding three (3) calendar months.

The outstanding daily balance of the amounts advanced under the Heritage Line of Credit will bear interest at 2.25% above the prime rate as published from time to time in The Wall Street Journal. At March 31, 2016, this prime rate was 3.50%. Interest is payable by the Company to Heritage Bank on a monthly basis.

The Heritage Line of Credit and the Company’s obligations under the Heritage Loan Documents are secured by substantially all of the Company’s assets, including its intellectual property.

The maturity date of the Heritage Line of Credit is March 29, 2017. At the time of maturity, all outstanding advances under the Heritage Line of Credit as well as any unpaid interest are due and payable. Prior to maturity of the Heritage Line of Credit, the Company may prepay amounts due under the Heritage Line of Credit without penalty, and subject to the terms of the Heritage Loan Documents, may re-borrow any such amounts.

The Heritage Loan Documents contain customary representations and warranties and affirmative and negative covenants applicable to the Company. The Heritage Loan Documents also require the Company to achieve a minimum Adjusted EBITDA, as defined in the Heritage Loan Documents, measured on a quarterly basis. The Heritage Loan Documents also require that the number of the Company’s connections as of the end of each fiscal quarter shall not decrease by more than five percent as compared to the number of the Company’s connections as of the end of the immediately prior fiscal quarter.

The Heritage 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, Heritage Bank may declare all of the outstanding obligations of the Company under the Heritage Line of Credit and Heritage Loan Documents to be immediately due and payable, and exercise any other rights provided for under the Heritage Loan Documents, including foreclosing on the collateral securing the Heritage Loan Documents.

In connection with the Heritage Loan Documents, the Company issued to Heritage Bank warrants to purchase up to 23,978 shares of common stock of the Company at an exercise price of $5.00 per share. The warrants are exercisable at any time through March 29, 2021 subject to earlier termination in the event of a business combination (as defined in the Heritage Loan Documents).

The fair value of the warrants of $52 thousand was charged against the current obligation under the line of credit and will be amortized on a straight-line basis over 12 months. The Black-Sholes method was used to calculate fair value.

The balance due on the Heritage line of credit was $7.1 million and $4.0 million at March 31, 2016 and June 30, 2015, respectively. As of March 31, 2016 $4.9 million was available under our line of credit.

	As of or Nine Months Ended
	March 31,
($ in thousands)	2016			2015
Principal balance at period-end	$	7,111		$	4,000
Unamortized discount		(131	)		-
Line of credit, net	$	6,980		$	4,000
Maximum amount outstanding at any month end	$	7,111		$	5,000
Average balance outstanding during the period	$	4,230		$	4,100
Weighted-average interest rate:
As of the period-end		5.8	%		5.3	%
Paid during the period		5.3	%		5.3	%

	As of or Three Months Ended
	March 31,
($ in thousands)	2016			2015
Principal balance at period-end	$	7,111		$	4,000
Unamortized discount		(131	)		-
Line of credit, net	$	6,980		$	4,000
Maximum amount outstanding at any month end	$	7,111		$	4,000
Average balance outstanding during the period	$	4,564		$	4,000
Weighted-average interest rate:
As of the period-end		5.8	%		5.3	%
Paid during the period		5.5	%		5.3	%

Interest expense on the applicable line of credit was approximately $48 thousand and $55 thousand during each of the three months ended March 31, 2016 and 2015, respectively. Interest expense on the applicable line of credit was approximately $156 thousand and $158 thousand during the nine months ended March 31, 2016 and 2015, respectively.

LONG-TERM DEBT

9 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

LONG-TERM DEBT

9. LONG-TERM DEBT

CAPITAL LEASES

The Company periodically enters into capital lease obligations to finance certain office and network equipment for use in its daily operations. During the nine-month period ended March 31, 2016 the Company entered into capital lease obligations of $444 thousand. The interest rates on these obligations ranged from approximately 5.6% to 9.0%. The value of the acquired equipment is included in property and equipment and amortized accordingly.

OTHER LOAN AGREEMENTS

The Company periodically enters into other loan agreements to finance the purchase of various assets as needed, including computer equipment, insurance premiums, network equipment and software for use in its operations. During the nine-month period ended March 31, 2016, the Company entered into loan agreements for $103 thousand. The interest rates on these obligations were approximately 5.3%. The value of these financed insurance premiums acquired is included in prepaid expenses and other assets and expensed accordingly.

ASSIGNMENT OF QUICKSTART LEASES

In February and May 2015, the Company assigned its interest in certain finance receivables (various sixty-month QuickStart leases) to third-party finance companies in exchange for cash and the assumption of financing obligations in the aggregate of $1.8 million and $304 thousand, respectively. These assignment transactions contain recourse provisions for the Company which requires the proceeds from the assignment to be treated as long-term debt. The financing obligations range in rate from 9.4% to 9.5%.

The balance of long-term debt as of March 31, 2016 and June 30, 2015 are shown in the table below.

	March 31,		June 30,
($ in thousands)	2016		2015
	(unaudited)
Capital lease obligations	$	667	$	338
Other loan agreements		12		-
Lease financing obligations		1,688		1,994
		2,367		2,332
Less current portion		625		478
	$	1,742	$	1,854

The maturities of long-term debt for each of the fiscal years following March 31, 2016 are as follows:

2016 (remaining three months)	$	157
2017		631
2018		628
2019		588
2020		358
Thereafter		5
	$	2,367

FAIR VALUE OF FINANCIAL INSTRUMENTS

9 Months Ended

Mar. 31, 2016

Fair Value Disclosures [Abstract]

FAIR VALUE OF FINANCIAL INSTRUMENTS

10. FAIR VALUE OF FINANCIAL INSTRUMENTS

In accordance with the fair value hierarchy described in Note 1, the following table shows the fair value of the Company’s financial instrument that is required to be measured at fair value as of March 31, 2016 and June 30, 2015:

($ in thousands)
March 31, 2016 (unaudited)	Level 1		Level 2		Level 3		Total

Common stock warrant liability, 3.4 million warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016	$	-	$	-	$	5,964	$	5,964

June 30, 2015	Level 1		Level 2		Level 3		Total

Common stock warrant liability, 3.9 million warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016	$	-	$	-	$	978	$	978

As of March 31, 2016 and June 30, 2015, the Company held no Level 1 or Level 2 financial instruments.

As of March 31, 2016 and June 30, 2015, the fair values of the Company’s Level 3 financial instrument totaled $5.964 million and $978 thousand for 3.4 million and 3.9 million warrants, respectively. The Level 3 financial instrument consists of common stock warrants issued by the Company in March 2011, which include features requiring liability treatment of the warrants. The fair value of warrants issued in March 2011 to purchase 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. There were no transfers of assets or liabilities between level 1, level 2, or level 3 during the three and nine months ended March 31, 2016 and 2015.

The following table summarizes the changes in fair value of the Company’s Level 3 financial instruments for the three and nine months ended March 31, 2016 and 2015.

	Three months ended
($ in thousands)	March 31,
	2016			2015

Beginning balance	$	(1,865	)	$	(140	)
Increase due to change in fair value of warrant liabilities		(4,805	)		(1,101	)
Reduction due to warrant exercises		706			-
Ending balance	$	(5,964	)	$	(1,241	)

	Nine months ended
($ in thousands)	March 31,
	2016			2015

Beginning balance	$	(978	)	$	(585	)
Increase due to change in fair value of warrant liabilities		(5,692	)		(656	)
Reduction due to warrant exercises		706			-
Ending balance	$	(5,964	)	$	(1,241	)

During the third quarter of 2016, 500,000 warrants were exercised. In order to estimate the fair value effect, the fair values per warrant as determined by the independent third party as of December 31, 2015 and March 31, 2016 were used as reference points. The fair value on the day of exercise of each tranche of warrants is calculated between these two reference points based on the change in the closing USAT stock price from December 31, 2015 to the day of exercise.

- 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 + Details

WARRANTS

9 Months Ended

Mar. 31, 2016

Warrants [Abstract]

WARRANTS

11. WARRANTS

There were 634,100 exercises during the three months ended March 31, 2016, including the 500,000 warrants discussed in Note 10. During the nine months ended March 31, 2016, warrants were exercised at $2.6058 per share resulting in the issuance of 645,100 shares of common stock with proceeds of $1.681 million. The fair value of the 500,000 warrants was reclassed from liability to equity upon exercise. There were no exercises of warrants during the three or nine months ended March 31, 2015.

Warrant activity for the three and nine-month periods ended March 31, 2016 was as follows:

	Warrants
Outstanding at June 30, 2015		4,309,000
Issued		-
Exercised		(11,000	)
Expired		-
Outstanding at September 30, 2015		4,298,000
Issued		-
Exercised		-
Expired		-
Outstanding at December 31, 2015		4,298,000
Issued		23,978
Exercised		(634,100	)
Expired		-
Outstanding at March 31, 2016		3,687,878

INCOME TAXES

9 Months Ended

Mar. 31, 2016

Income Tax Disclosure [Abstract]

INCOME TAXES

12. INCOME TAXES

For the three and nine months ended March 31, 2016, income tax benefit/(provision) of $93 thousand and $(88) thousand, respectively, (substantially all deferred income taxes) were recorded. The benefit/(provision) consist of the tax effect of the change in the fair value of warrant liabilities which was treated discretely, offset by a tax benefit based upon loss before income taxes using an estimated annual effective income tax rate of 33% for the fiscal year ending June 30, 2016.

For the three and nine months ended March 31, 2015, income tax provisions of $(138) thousand and $(180) thousand, respectively, (substantially all deferred income taxes) were recorded; of the nine month amount, $(395) thousand was due to the decrease in the applicable tax rate utilized to tax affect the deferred tax assets that was caused by a state income tax law change. The remaining benefit of $215 thousand for the nine months ended March 31, 2015 and the tax provision for the three months ended March 31, 2015 were based upon income (loss) before provision for income taxes using an estimated annual effective income tax rate for the fiscal year ending June 30, 2015 of 64% and a provision for the tax effect of the change in the fair value of warrant liabilities which was treated discretely.

STOCK BASED COMPENSATION PLANS

9 Months Ended

Mar. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

STOCK BASED COMPENSATION PLANS

13. STOCK BASED COMPENSATION PLANS

STOCK OPTIONS

The fair value of each option granted is estimated on the date of the grant using the Black-Scholes option pricing model with the following weighted-average assumptions used for options granted during:

	Nine months ended
	March 31,
	2016			2015
Expected volatility		59-66%			79	%
Expected life		4 - 4.5 years			7 years
Expected dividends		0.00	%		0.00	%
Risk-free interest rate		1.34-1.49%			2.04	%

Stock based compensation related to stock options for the nine months ended March 31, 2016 and 2015 was $274 thousand and $257 thousand, respectively. Unrecognized compensation related to stock option grants as of March 31, 2016 was $229 thousand.

Changes in outstanding stock options for the three months ended March 31, 2016 and 2015 consisted of the following:

	For the three months ended March 31,
	2016							2015
	Options			Weighted Average Exercise Price		Weighted Average Grant Date Fair Value		Options		Weighted Average Exercise Price		Weighted Average Grant Date Fair Value
Options outstanding, beginning of period		658,474		$	2.14	$	1.41		448,888	$	1.87	$	1.33
Granted		75,000		$	2.94	$	1.43		85,000	$	1.70	$	1.19
Forfeited		(90,000	)	$	3.38	$	1.81		-	$	-	$	-
Expired		-		$	-	$	-		-	$	-	$	-
Exercised		(33,333	)	$	1.80	$	1.27		-	$	-	$	-
Options outstanding, end of period		610,141		$	2.07	$	1.36		533,888	$	1.84	$	1.31

Changes in outstanding stock options for the nine months ended March 31, 2016 and 2015 consisted of the following:

	For the nine months ended March 31,
	2016							2015
	Options			Weighted Average Exercise Price		Weighted Average Grant Date Fair Value		Options		Weighted Average Exercise Price		Weighted Average Grant Date Fair Value
Options outstanding, beginning of period		538,888		$	1.86	$	1.33		120,000	$	2.05	$	1.49
Granted		194,586		$	3.21	$	1.64		413,888	$	1.78	$	1.25
Forfeited		(90,000	)	$	3.38	$	1.81		-	$	-	$	-
Expired		-		$	-	$	-		-	$	-	$	-
Exercised		(33,333	)	$	1.80	$	1.27		-	$	-	$	-
Options outstanding, end of period		610,141		$	2.07	$	1.36		533,888	$	1.84	$	1.31

Changes in unvested stock options for the three months ended March 31, 2016 and 2015 consisted of the following:

	For the three months ended March 31,
	2016					2015
	Options			Weighted Average Grant Date Fair Value		Options		Weighted Average Grant Date Fair Value
Unvested options, beginning of period		396,251		$	1.49		448,888	$	1.33
Granted		75,000		$	1.43		-	$	-
Vested		(28,335	)	$	1.27		-	$	-
Forfeited		(90,000	)	$	1.81		-	$	-
Unvested options, end of period		352,916		$	1.41		448,888	$	1.33

Changes in unvested stock options for the nine months ended March 31, 2016 and 2015 consisted of the following:

	For the nine months ended March 31,
	2016					2015
	Options			Weighted Average Grant Date Fair Value		Options		Weighted Average Grant Date Fair Value
Unvested options, beginning of period		505,553		$	1.32		120,000	$	1.49
Granted		194,586		$	1.64		328,888	$	1.27
Vested		(257,223	)	$	1.26		-	$	-
Forfeited		(90,000	)	$	1.81		-	$	-
Unvested options, end of period		352,916		$	1.41		448,888	$	1.33

Exercise prices of stock options outstanding as of March 31, 2016 and June 30, 2015 consisted of the following:

	March 31, 2016				June 30, 2015
	(unaudited)
Range of Exercise Prices	Options Outstanding		Options Exercisable		Options Outstanding		Options Exercisable
$1.62 to $1.68		75,000		25,002		75,000		-
$1.80		295,555		195,555		328,888		-
$2.05		100,000		33,335		100,000		33,335
$2.09		10,000		3,333		10,000		-
$2.75		25,000		-		25,000		-
$2.94		75,000		-
$3.38		29,586		-		-		-
		610,141		257,225		538,888		33,335

	March 31, 2016				June 30, 2015
	(unaudited)
($ in thousands, except per share price and number of options)	Options Outstanding		Options Exercisable		Options Outstanding		Options Exercisable
Number of stock options		610,141		257,225		538,888		33,335
Weighted average exercise price	$	2.07	$	1.82	$	1.86	$	2.05
Aggregate intrinsic value	$	1,389	$	653	$	451	$	22
Weighted average contractual life		5.66		4.79		6.21		5.97
Share price	$	4.36	$	4.36	$	2.70	$	2.70

STOCK GRANTS

The Company’s nonvested common shares as of March 31, 2016, and changes during the period then ended consisted of the following:

				Weighted-Average
				Grant-Date
	Shares			Fair Value

Nonvested at June 30, 2015		18,604		$	1.88
Granted		131,558			3.04
Vested		(21,664	)		2.70
Nonvested at September 30, 2015		128,498			2.97
Granted		-			-
Vested		(7,396	)		3.38
Nonvested at December 31, 2015		121,102		$	2.94
Granted		-			-
Vested		-			-
Nonvested at March 31, 2016		121,102		$	2.94

PREFERRED STOCK

9 Months Ended

Mar. 31, 2016

Preferred Stock [Abstract]

PREFERRED STOCK

14. 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. As of March 31, 2016 each share of Series A Preferred Stock is convertible into 0.194 of a share of Common Stock and each share of Series A Preferred Stock is entitled to 0.194 of a vote on all matters on which the holders of Common Stock are entitled to vote. 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.

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 March 31, 2016. In the event of any liquidation as defined in the Company’s Articles of Incorporation, 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. The Series A Preferred Stock liquidation preference as of March 31, 2016 and June 30, 2015 is as follows:

($ in thousands)	March 31,		June 30,
	2016		2015
	(unaudited)
Shares outstanding at $10.00 per share	$	4,451	$	4,451
Cumulative unpaid dividends		13,657		12,989
	$	18,108	$	17,440

Cumulative unpaid dividends are convertible into common shares at $1,000 per common share at the option of the shareholder. During the three and nine months ended March 31, 2016 and 2015, no shares of Preferred Stock nor cumulative preferred dividends were converted into shares of common stock.

RETIREMENT PLAN

9 Months Ended

Mar. 31, 2016

Compensation and Retirement Disclosure [Abstract]

RETIREMENT PLAN

15. 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 and subject to IRS limitations. 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. For the plan year ending June 30, 2016, the Company has elected to make 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. The Company’s safe harbor contributions for the three months ended March 31, 2016 and 2015 approximated $51 thousand and $61 thousand, respectively. The Company’s safe harbor contributions for the nine months ended March 31, 2016 and 2015 approximated $154 thousand and $149 thousand, respectively.

RELATED PARTY TRANSACTIONS

9 Months Ended

Mar. 31, 2016

RELATED PARTY TRANSACTIONS

16. RELATED PARTY TRANSACTIONS

There were no related party transactions during the three or nine-month periods ended March 31, 2016 and 2015.

- 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 + Details

COMMITMENTS AND CONTINGENCIES

9 Months Ended

Mar. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

17. COMMITMENTS AND CONTINGENCIES

SALE AND LEASEBACK TRANSACTIONS

In June 2014 and through the three months ended September 30, 2014, the Company and a third party finance company, entered into Sale Leaseback Agreements (the “Sale Leaseback Agreements” or a “Sale Leaseback Agreement”) pursuant to which a third-party finance company purchased ePort equipment owned by the Company and used by the Company in its JumpStart Program.

Upon the completion of the sale under these agreements, the Company computed a gain on the sale of its ePort equipment, which is deferred and is amortized in proportion to the related gross rental charged to expense over the lease terms in accordance with the FASB topic ASC 840-40, “Sale Leaseback Transactions”. The computed gain on the sale is recognized ratably over the 36-month term and charged as a reduction to the Company’s JumpStart rent expense included in costs of services in the Company’s Consolidated Statement of Operations. The Company is accounting for the Sale Leaseback as an operating lease and is obligated to pay to the finance company a base monthly rental for this equipment during the 36-month lease term.

The following table summarizes the changes in deferred gain from the sale-leaseback transactions:

	Three months ended
($ in thousands)	March 31,
	2016			2015
Beginning balance	$	1,330		$	2,191
Gain on sale of rental equipment		-			-
Recognition of deferred gain		(215	)		(216	)
Ending balance		1,115			1,975
Less current portion		860			860
Non-current portion of deferred gain	$	255		$	1,115

	Nine months ended
($ in thousands)	March 31,
	2016			2015
Beginning balance	$	1,760		$	1,143
Gain on sale of rental equipment		-			1,452
Recognition of deferred gain		(645	)		(619	)
Ending balance		1,115			1,976
Less current portion		860			860
Non-current portion of deferred gain	$	255		$	1,116

From time to time, the Company is involved in various legal proceedings arising during the normal course of business which, in the opinion of the management of the Company, will not have a material adverse effect on the Company’s financial position and results of operations or cash flows.

On January 26, 2015, Universal Clearing Solutions, LLC (“Universal Clearing”), a former non-vending customer of the Company, filed a complaint against the Company in the United States District Court for the District of Arizona. On April 10, 2015, Universal Clearing filed an amended complaint, and on June 19, 2015, Universal Clearing filed a second amended complaint, which alleged causes of action against the Company for breach of contract, breach of fiduciary duty, and defamation. On July 24, 2015, the Company filed an answer to the defamation count of the complaint denying the allegations, and filed a motion to dismiss the remaining counts. On January 29, 2016, the Court granted the Company's motion, and dismissed the breach of contract and breach of fiduciary duty claims against the Company. The Company does not believe that the remaining defamation count of the complaint has merit or represents a material legal proceeding, and intends to vigorously defend against the claim.

On July 24, 2015, the Company filed a counterclaim against Universal Clearing seeking damages of approximately $680 thousand which were incurred by the Company in connection with chargebacks relating to Universal Clearing’s sub-merchants which had been boarded on the Company’s service. The counterclaim alleges that Universal Clearing is responsible under the agreement for these chargebacks, and Universal Clearing misrepresented to the Company the business practices and other matters relating to these sub-merchants. On August 17, 2015, Universal Clearing filed an answer to the counterclaim denying that it was responsible for the chargebacks or had made any misrepresentations.

On August 7, 2015, the Company filed a third party complaint in the pending action against Steven Juliver, the manager of Universal Clearing, as well as against Universal Tranware, LLC, and Secureswype, LLC, entities affiliated with Universal Clearing. The third-party complaint sets forth, among other things, causes of action for fraud and breach of contract, and seeks to recover from these defendants the chargebacks relating to Universal Clearing’s sub-merchants described above. On September 14, 2015, the third party defendants filed a motion to dismiss the third party complaint and on January 29, 2016, the court denied the motion to dismiss the fraud and breach of contract claims. The Company intends to vigorously pursue its claims for damages set forth in the counterclaim and third party complaint.

On October 1, 2015, a purported class action complaint was filed in the United States District Court for the Eastern District of Pennsylvania by Steven P. Messner, individually and on behalf of all others similarly situated, against the Company and its executive officers, alleging violations under the Securities Exchange Act of 1934. The lawsuit was filed on behalf of a purported class of investors who purchased or otherwise acquired securities of the Company between September 29, 2014 through September 29, 2015. The complaint alleges that the defendants made materially false and misleading statements, relating to, among other things, the failure to identify a large number of uncollectible small balance accounts. The complaint seeks certification as a class action and unspecified damages including attorneys’ fees and other costs. On December 15, 2015, the court appointed a lead plaintiff, and on January 18, 2016, the plaintiff filed an amended complaint that set forth the same causes of action and requested substantially the same relief as the original complaint. On February 1, 2016, the Company filed a motion to dismiss the amended complaint alleging, among other things, the amended complaint does not satisfy the applicable pleading standards under the Private Securities Litigation Reform Act. On April 11, 2016, the Court held oral argument on the Company’s motion, and on April 14, 2016, the Court entered an order granting the Company’s motion to dismiss the amended complaint without leave to amend. The plaintiff must appeal the Court’s order prior to May 17, 2016.

ADJUSTMENTS

9 Months Ended

Mar. 31, 2016

Equity [Abstract]

ADJUSTMENTS

18. ADJUSTMENTS

The consolidated financial statements included in this Form 10-Q reflect additional shares of common stock and preferred stock that had been issued and outstanding in prior periods but were not reflected as such in previous consolidated financial statements. The additional shares primarily consisted of unvested shares of common stock awarded to officers and directors pursuant to the Company’s equity compensation plans. The Consolidated Statement of Shareholders’ Equity has been adjusted to reflect these additional common and preferred shares as of June 30, 2015. The June 30, 2015 Consolidated Balance Sheets has been adjusted to reflect these additional shares; and the liquidation preference of preferred stock as of such date has been increased by $85,371. The basic and diluted weighted average number of common shares outstanding for the three and nine month periods ended March 31, 2015 and March 31, 2016 in the Consolidated Statements of Operations has also been adjusted. The foregoing adjustments in basic and diluted weighted common shares outstanding did not affect the previously reported net loss per common share - basic or diluted for the three and nine month periods ended March 31, 2015.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ 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.(d),(e))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 4.E)
-URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.29-31)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 4
-Subparagraph (SAB TOPIC 4.C)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770

Reference 7: 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 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656

Reference 10: 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 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Preferred Stock
-URI http://asc.fasb.org/extlink&oid=6521494

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section E

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section C

+ Details

SUBSEQUENT EVENTS

9 Months Ended

Mar. 31, 2016

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

19. SUBSEQUENT EVENTS

On April 29, 2016, the Company entered into a Third Amendment to Office Space Lease (the “Third Amendment”) with its landlord which amended certain terms of its existing lease (the “Lease”) for its Malvern, Pennsylvania executive offices consisting of approximately 17,249 square feet located on the first floor of the building (the “Current Premises”). The Third Amendment provides that the Company will relocate from the Current Premises to new offices located on the third floor of the building (the “New Offices”) consisting of approximately 17,689 square feet. Substantially all of the improvements to the New Offices will be constructed by the landlord at the landlord’s cost and expense. The landlord anticipates that the New Premises will be substantially completed on September 1, 2016, at which time the Company would relocate from the Current Premises to the New Premises (the “New Premises Commencement Date”). The Third Amendment provides that the term of the Lease is extended from the prior expiration date of April 30, 2016 until seven years following the New Premises Commencement Date. The Company’s monthly base rent for the Premises will increase from approximately $32,340 to approximately $36,115 on the New Office Commencement Date, and will increase each year thereafter up to a maximum monthly base rent of approximately $40,537. The Third Amendment also grants to the Company the option to extend the term of the Lease for an additional five year period with a minimum of one year advance notice prior to the expiration of the initial term, and provides certain rights of first offer on additional space located on the third floor of the building.

ACCOUNTING POLICIES (Policies)

9 Months Ended

Mar. 31, 2016

Business Description And Accounting Policies [Abstract]

CONSOLIDATION

CONSOLIDATION

USE OF ESTIMATES

USE OF ESTIMATES

CASH

CASH

The Company maintains its cash in bank deposit accounts, which may exceed federally insured limits at times.

ACCOUNTS RECEIVABLE AND ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS

ACCOUNTS RECEIVABLE AND ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS

FINANCE RECEIVABLES

FINANCE RECEIVABLES

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.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

INTANGIBLE ASSETS

INTANGIBLE ASSETS

The Company’s intangible assets include goodwill, trademarks, non-compete agreements, brand, developed technology and customer relationships.

FAIR VALUE OF FINANCIAL INSTRUMENTS

FAIR VALUE OF FINANCIAL INSTRUMENTS

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.

REVENUE RECOGNITION

REVENUE RECOGNITION

PREFERRED STOCK

PREFERRED STOCK

Preferred stock is recorded on the balance sheet in the equity section at its par value.

ACCOUNTING FOR EQUITY AWARDS

ACCOUNTING FOR EQUITY AWARDS

INCOME TAXES

INCOME TAXES

EARNINGS (LOSS) PER COMMON SHARE

EARNINGS (LOSS) PER COMMON SHARE

RECLASSIFICATION

RECLASSIFICATION

($ in thousands)	June 30, 2015 Balances
Consolidated Balance Sheet Line Items	As previously reported			Reclassification			As reclassified
Accounts Receivable, net of allowance for doubtful accounts:
Reclassification of balances included in accounts payable to accounts receivable				$	2,114
Reclassification of the allowance for doubtful accounts in accounts payable					(815	)
	$	4,672		$	1,299		$	5,971

Allowance for Doubtful Accounts:
Reclassification of the allowance for doubtful accounts in accounts payable	$	(494	)	$	(815	)	$	(1,309	)

Accounts Payable:
Reclassification of balances included in accounts payable to accounts receivable				$	2,114
Reclassification of the allowance for doubtful accounts in accounts payable					(815	)
	$	9,243		$	1,299		$	10,542

($ in thousands)	For the three months ended March 31, 2015
Consolidated Statement of Cash Flow Line Items	As previously reported			Reclassification			As reclassified
Accounts Receivable
Reclassification of cash provided by and included in accounts payable to accounts receivable	$	(974	)	$	(10	)	$	(984	)

Accounts Payable:
Reclassification of cash used in and included in accounts payable to accounts receivable	$	(151	)	$	10		$	(141	)

($ in thousands)
	For the nine months ended March 31, 2015
Consolidated Statement of Cash Flow Line Items	As previously reported			Reclassification			As reclassified
Accounts Receivable
Reclassification of cash provided by and included in accounts payable to accounts receivable	$	(1,257	)	$	(564	)	$	(1,821	)

Accounts Payable:
Reclassification of cash used in and included in accounts payable to accounts receivable	$	(2,610	)	$	564		$	(2,046	)

SOFTWARE DEVELOPMENT COSTS

SOFTWARE DEVELOPMENT COSTS

OTHER COMPREHENSIVE INCOME

OTHER COMPREHENSIVE INCOME

NEW ACCOUNTING PRONOUNCEMENTS

NEW ACCOUNTING PRONOUNCEMENTS

In February 2016, the FASB issued ASU 2016-02 “Leases” (Topic 842). This pronouncement will be effective for the Company beginning with the quarter ending September 30, 2019.

ACCOUNTING POLICIES (Tables)

9 Months Ended

Mar. 31, 2016

Accounting Policies [Abstract]

Schedule of reclassification accounts receivable, allowance for doubtful accounts, accounts payable

($ in thousands)	June 30, 2015 Balances
Consolidated Balance Sheet Line Items	As previously reported			Reclassification			As reclassified
Accounts Receivable, net of allowance for doubtful accounts:
Reclassification of balances included in accounts payable to accounts receivable				$	2,114
Reclassification of the allowance for doubtful accounts in accounts payable					(815	)
	$	4,672		$	1,299		$	5,971

Allowance for Doubtful Accounts:
Reclassification of the allowance for doubtful accounts in accounts payable	$	(494	)	$	(815	)	$	(1,309	)

Accounts Payable:
Reclassification of balances included in accounts payable to accounts receivable				$	2,114
Reclassification of the allowance for doubtful accounts in accounts payable					(815	)
	$	9,243		$	1,299		$	10,542

($ in thousands)	For the three months ended March 31, 2015
Consolidated Statement of Cash Flow Line Items	As previously reported			Reclassification			As reclassified
Accounts Receivable
Reclassification of cash provided by and included in accounts payable to accounts receivable	$	(974	)	$	(10	)	$	(984	)

Accounts Payable:
Reclassification of cash used in and included in accounts payable to accounts receivable	$	(151	)	$	10		$	(141	)

($ in thousands)
	For the nine months ended March 31, 2015
Consolidated Statement of Cash Flow Line Items	As previously reported			Reclassification			As reclassified
Accounts Receivable
Reclassification of cash provided by and included in accounts payable to accounts receivable	$	(1,257	)	$	(564	)	$	(1,821	)

Accounts Payable:
Reclassification of cash used in and included in accounts payable to accounts receivable	$	(2,610	)	$	564		$	(2,046	)

ACQUISITION (Tables)

9 Months Ended

Mar. 31, 2016

Business Combinations [Abstract]

Schedule of fair values of the assets acquired and liabilities

($ in thousands)

Consideration:
Fair value of total consideration paid in cash	$	5,625

Acquisition / integration expenses:	$	584

Recognized amounts of identifiable assets acquired and liabilities assumed:

Financial Assets:
Accounts receivable	$	3
Finance receivables		628
Other current assets		20
Deferred income taxes		18
		669

Property, and & equipment		81

Identifiable intangible assets:
Developed technology		639
Customer relationships		149
Brand		95
Noncompete agreements		2
Fair value of intangible assets		885

Financial liabilities
Accrued liabilities		(50	)

Total identifiable net assets	$	1,585

Goodwill		4,040

Total Fair Value	$	5,625

EARNINGS PER SHARE CALCULATION (Tables)

9 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Schedule of calculation of basic and diluted earnings per share

	Three months ended						Nine months ended
	March 31,						March 31,
($ in thousands, except per share data)	2016			2015			2016			2015

Numerator for basic earnings per share - Net loss available to common shareholders	$	(5,754	)	$	(901	)	$	(6,602	)	$	(1,557	)
Gain recorded for reduction in fair value of warrants*		-			-			-			-
Numerator for diluted earnings per share - Net loss available to common shareholders	$	(5,754	)	$	(901	)	$	(6,602	)	$	(1,557	)

Denominator for basic earnings per share - Weighted average shares outstanding		36,161,613			35,747,979			35,961,648			35,705,210
Effect of dilutive potential common shares*		-			-			-			-
Denominator for diluted earnings per share - Adjusted weighted average shares outstanding		36,161,613			35,747,979			35,961,648			35,705,210

Basic and diluted loss per share	$	(0.16	)	$	(0.03	)	$	(0.18	)	$	(0.04	)

* No adjustment necessary as the effects would be anti-dilutive.

FINANCE RECEIVABLES (Tables)

9 Months Ended

Mar. 31, 2016

Receivables [Abstract]

Schedule of finance receivables

	March 31,		June 30,
($ in thousands)	2016		2015
	(unaudited)

Total finance receivables	$	4,719	$	4,639
Less current portion		1,677		941
Non-current portion of finance receivables	$	3,042	$	3,698

Schedule of credit quality indicators


Credit risk profile based on payment activity:	March 31, 2016		June 30, 2015
($ in thousands)	(unaudited)

Performing	$	4,671	$	4,619
Nonperforming		48		20
Total	$	4,719	$	4,639

Schedule of age analysis of past due finance receivables

As of March 31, 2016
(unaudited)


($ in thousands)	31 – 60 Days Past Due		61 – 90 Days Past Due		Greater than 90 Days Past Due		Total Past Due		Current		Total Finance Receivables

QuickStart Leases	$	30	$	3	$	15	$	48	$	4,671	$	4,719

As of June 30, 2015


($ in thousands)	31 – 60 Days Past Due		61 – 90 Days Past Due		Greater than 90 Days Past Due		Total Past Due		Current		Total Finance Receivables

QuickStart Leases	$	-	$	15	$	5	$	20	$	4,619	$	4,639

PROPERTY AND EQUIPMENT (Tables)

9 Months Ended

Mar. 31, 2016

Property, Plant and Equipment [Abstract]

Schedule of property and equipment

		March 31, 2016
($’s in thousands)	Useful Lives	Cost		(unaudited) Accumulated Depreciation			Net
Computer equipment and software	3-7 years	$	5,420	$	(4,287	)	$	1,133
Property and equipment used for rental program	5 years		26,789		(17,553	)		9,236
Furniture and equipment	3-7 years		828		(626	)		202
Leasehold improvements	Lesser of life or lease term		575		(562	)		13
		$	33,612	$	(23,028	)	$	10,584

		June 30, 2015
($’s in thousands)	Useful Lives	Cost		Accumulated Depreciation			Net
Computer equipment and purchased software	3-7 years	$	4,670	$	(4,017	)	$	653
Property and equipment used for rental program	5 years		26,469		(14,476	)		11,993
Furniture and equipment	3-7 years		723		(572	)		151
Leasehold improvements	Lesser of life or lease term		575		(503	)		72
		$	32,437	$	(19,568	)	$	12,869

GOODWILL AND INTANGIBLES (Tables)

9 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of intangible asset balances

	Beginning		Nine months ended March 31, 2016					Ending
	Balance		Additions/					Balance		Amortization
	July 1, 2015		Adjustments		Amortization			March 31, 2016		Period
Intangible assets:

Goodwill	$	7,663	$	4,040	$	-		$	11,703	Indefinite
Trademarks - Indefinite		432		-		-			432	Indefinite
Non-compete agreements		-		2		-			2	2 years
Brand		-		95		(8	)		87	3 years
Developed technology		-		639		(32	)		607	5 years
Customer relationships		-		149		(4	)		145	10 years
Total	$	8,095	$	4,925	$	(44	)	$	12,976

	Beginning		Year ended June 30, 2015				Ending
	Balance		Additions/				Balance		Amortization
	July 1, 2014		Adjustments		Amortization		June 30, 2015		Period
Intangible assets:

Goodwill	$	7,663	$	-	$	-	$	7,663	Indefinite
Trademarks - Indefinite		432		-		-		432	Indefinite
Total	$	8,095	$	-	$	-	$	8,095

ACCRUED EXPENSES (Tables)

9 Months Ended

Mar. 31, 2016

Accrued Liabilities [Abstract]

Schedule of accrued expenses

	March 31,			June 30,
($ in thousands)	2016			2015
	(unaudited)
Accrued compensation and related sales commissions	$	1,135		$	673
Accrued professional fees		673			301
Accrued taxes and filing fees		526			505
Advanced customer billings		749			390
Accrued rent		7			75
Accrued other		268			213
		3,358			2,157
Less current portion		(3,339	)		(2,108	)
	$	19		$	49

LINE OF CREDIT (Tables)

9 Months Ended

Mar. 31, 2016

Line Of Credit Facility [Abstract]

Schedule of line of credit facilities

	As of or Nine Months Ended
	March 31,
($ in thousands)	2016			2015
Principal balance at period-end	$	7,111		$	4,000
Unamortized discount		(131	)		-
Line of credit, net	$	6,980		$	4,000
Maximum amount outstanding at any month end	$	7,111		$	5,000
Average balance outstanding during the period	$	4,230		$	4,100
Weighted-average interest rate:
As of the period-end		5.8	%		5.3	%
Paid during the period		5.3	%		5.3	%

	As of or Three Months Ended
	March 31,
($ in thousands)	2016			2015
Principal balance at period-end	$	7,111		$	4,000
Unamortized discount		(131	)		-
Line of credit, net	$	6,980		$	4,000
Maximum amount outstanding at any month end	$	7,111		$	4,000
Average balance outstanding during the period	$	4,564		$	4,000
Weighted-average interest rate:
As of the period-end		5.8	%		5.3	%
Paid during the period		5.5	%		5.3	%

LONG-TERM DEBT (Tables)

9 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

Schedule of long-term debt

	March 31,		June 30,
($ in thousands)	2016		2015
	(unaudited)
Capital lease obligations	$	667	$	338
Other loan agreements		12		-
Lease financing obligations		1,688		1,994
		2,367		2,332
Less current portion		625		478
	$	1,742	$	1,854

Schedule of maturities of long-term debt

2016 (remaining three months)	$	157
2017		631
2018		628
2019		588
2020		358
Thereafter		5
	$	2,367

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Mar. 31, 2016

Fair Value Disclosures [Abstract]

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

($ in thousands)
March 31, 2016 (unaudited)	Level 1		Level 2		Level 3		Total

Common stock warrant liability, 3.4 million warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016	$	-	$	-	$	5,964	$	5,964

June 30, 2015	Level 1		Level 2		Level 3		Total

Common stock warrant liability, 3.9 million warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016	$	-	$	-	$	978	$	978

Schedule of changes in fair value of the company's level 3 financial instruments

	Three months ended
($ in thousands)	March 31,
	2016			2015

Beginning balance	$	(1,865	)	$	(140	)
Increase due to change in fair value of warrant liabilities		(4,805	)		(1,101	)
Reduction due to warrant exercises		706			-
Ending balance	$	(5,964	)	$	(1,241	)

	Nine months ended
($ in thousands)	March 31,
	2016			2015

Beginning balance	$	(978	)	$	(585	)
Increase due to change in fair value of warrant liabilities		(5,692	)		(656	)
Reduction due to warrant exercises		706			-
Ending balance	$	(5,964	)	$	(1,241	)

WARRANTS (Tables)

9 Months Ended

Mar. 31, 2016

Warrants [Abstract]

Schedule of common stock warrant activity

	Warrants
Outstanding at June 30, 2015		4,309,000
Issued		-
Exercised		(11,000	)
Expired		-
Outstanding at September 30, 2015		4,298,000
Issued		-
Exercised		-
Expired		-
Outstanding at December 31, 2015		4,298,000
Issued		23,978
Exercised		(634,100	)
Expired		-
Outstanding at March 31, 2016		3,687,878

STOCK BASED COMPENSATION PLANS (Tables)

9 Months Ended

Mar. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of stock option granted weighted average assumptions

	Nine months ended
	March 31,
	2016	2015
Expected volatility	59-66%	79%
Expected life	4 - 4.5 years	7 years
Expected dividends	0.00%	0.00%
Risk-free interest rate	1.34-1.49%	2.04%

Schedule of options outstanding

	For the three months ended March 31,
	2016							2015
	Options			Weighted Average Exercise Price		Weighted Average Grant Date Fair Value		Options		Weighted Average Exercise Price		Weighted Average Grant Date Fair Value
Options outstanding, beginning of period		658,474		$	2.14	$	1.41		448,888	$	1.87	$	1.33
Granted		75,000		$	2.94	$	1.43		85,000	$	1.70	$	1.19
Forfeited		(90,000	)	$	3.38	$	1.81		-	$	-	$	-
Expired		-		$	-	$	-		-	$	-	$	-
Exercised		(33,333	)	$	1.80	$	1.27		-	$	-	$	-
Options outstanding, end of period		610,141		$	2.07	$	1.36		533,888	$	1.84	$	1.31

	For the nine months ended March 31,
	2016							2015
	Options			Weighted Average Exercise Price		Weighted Average Grant Date Fair Value		Options		Weighted Average Exercise Price		Weighted Average Grant Date Fair Value
Options outstanding, beginning of period		538,888		$	1.86	$	1.33		120,000	$	2.05	$	1.49
Granted		194,586		$	3.21	$	1.64		413,888	$	1.78	$	1.25
Forfeited		(90,000	)	$	3.38	$	1.81		-	$	-	$	-
Expired		-		$	-	$	-		-	$	-	$	-
Exercised		(33,333	)	$	1.80	$	1.27		-	$	-	$	-
Options outstanding, end of period		610,141		$	2.07	$	1.36		533,888	$	1.84	$	1.31

Schedule of unvested options outstanding

	For the three months ended March 31,
	2016					2015
	Options			Weighted Average Grant Date Fair Value		Options		Weighted Average Grant Date Fair Value
Unvested options, beginning of period		396,251		$	1.49		448,888	$	1.33
Granted		75,000		$	1.43		-	$	-
Vested		(28,335	)	$	1.27		-	$	-
Forfeited		(90,000	)	$	1.81		-	$	-
Unvested options, end of period		352,916		$	1.41		448,888	$	1.33

	For the nine months ended March 31,
	2016					2015
	Options			Weighted Average Grant Date Fair Value		Options		Weighted Average Grant Date Fair Value
Unvested options, beginning of period		505,553		$	1.32		120,000	$	1.49
Granted		194,586		$	1.64		328,888	$	1.27
Vested		(257,223	)	$	1.26		-	$	-
Forfeited		(90,000	)	$	1.81		-	$	-
Unvested options, end of period		352,916		$	1.41		448,888	$	1.33

Schedule of common stock option activity

	March 31, 2016				June 30, 2015
	(unaudited)
Range of Exercise Prices	Options Outstanding		Options Exercisable		Options Outstanding		Options Exercisable
$1.62 to $1.68		75,000		25,002		75,000		-
$1.80		295,555		195,555		328,888		-
$2.05		100,000		33,335		100,000		33,335
$2.09		10,000		3,333		10,000		-
$2.75		25,000		-		25,000		-
$2.94		75,000		-
$3.38		29,586		-		-		-
		610,141		257,225		538,888		33,335

Schedule of share based compensation arrangement by share based payment award, options outstanding and exercisable options

	March 31, 2016				June 30, 2015
	(unaudited)
($ in thousands, except per share price and number of options)	Options Outstanding		Options Exercisable		Options Outstanding		Options Exercisable
Number of stock options		610,141		257,225		538,888		33,335
Weighted average exercise price	$	2.07	$	1.82	$	1.86	$	2.05
Aggregate intrinsic value	$	1,389	$	653	$	451	$	22
Weighted average contractual life		5.66		4.79		6.21		5.97
Share price	$	4.36	$	4.36	$	2.70	$	2.70

Schedule of nonvested share activity

				Weighted-Average
				Grant-Date
	Shares			Fair Value

Nonvested at June 30, 2015		18,604		$	1.88
Granted		131,558			3.04
Vested		(21,664	)		2.70
Nonvested at September 30, 2015		128,498			2.97
Granted		-			-
Vested		(7,396	)		3.38
Nonvested at December 31, 2015		121,102		$	2.94
Granted		-			-
Vested		-			-
Nonvested at March 31, 2016		121,102		$	2.94

PREFERRED STOCK (Tables)

9 Months Ended

Mar. 31, 2016

Preferred Stock [Abstract]

Schedule of preferred stock

($ in thousands)	March 31,		June 30,
	2016		2015
	(unaudited)
Shares outstanding at $10.00 per share	$	4,451	$	4,451
Cumulative unpaid dividends		13,657		12,989
	$	18,108	$	17,440

COMMITMENTS AND CONTINGENCIES (Tables)

9 Months Ended

Mar. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

Schedule of amount of gain recognized in consolidated statement of operations

	Three months ended
($ in thousands)	March 31,
	2016			2015
Beginning balance	$	1,330		$	2,191
Gain on sale of rental equipment		-			-
Recognition of deferred gain		(215	)		(216	)
Ending balance		1,115			1,975
Less current portion		860			860
Non-current portion of deferred gain	$	255		$	1,115

	Nine months ended
($ in thousands)	March 31,
	2016			2015
Beginning balance	$	1,760		$	1,143
Gain on sale of rental equipment		-			1,452
Recognition of deferred gain		(645	)		(619	)
Ending balance		1,115			1,976
Less current portion		860			860
Non-current portion of deferred gain	$	255		$	1,116

ACCOUNTING POLICIES (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Accounts Receivable, net of allowance for doubtful accounts:
Accounts receivable	$ 8,345	$ 5,971
Allowance for Doubtful Accounts:
Reclassification of the allowance for doubtful accounts in accounts payable	(2,058)	(1,309)
Accounts Payable:
Accounts payable	$ 12,029	10,542
As previously reported
Accounts Receivable, net of allowance for doubtful accounts:
Accounts receivable		4,672
Allowance for Doubtful Accounts:
Reclassification of the allowance for doubtful accounts in accounts payable		(494)
Accounts Payable:
Accounts payable		9,243
Reclassification
Accounts Receivable, net of allowance for doubtful accounts:
Reclassification of balances included in accounts payable to accounts receivable		2,114
Reclassification of the allowance for doubtful accounts in accounts payable		(815)
Accounts receivable		1,299
Allowance for Doubtful Accounts:
Reclassification of the allowance for doubtful accounts in accounts payable		(815)
Accounts Payable:
Reclassification of balances included in accounts payable to accounts receivable		2,114
Reclassification of the allowance for doubtful accounts in accounts payable		(815)
Accounts payable		$ 1,299

ACCOUNTING POLICIES (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
ACCOUNTING POLICIES (Details 1) - USD ($) $ in Thousands	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Accounts Receivable
Reclassification of cash provided by and included in accounts payable to accounts receivable		$ (984)		$ (1,821)
Accounts receivable	$ (1,872)	(984)	$ (3,352)	(1,821)
Accounts Payable:
Reclassification of cash used in and included in accounts payable to accounts receivable		(141)		(2,046)
Accounts payable	$ 4,154	(141)	$ 1,487	(2,046)
As previously reported
Accounts Receivable
Reclassification of cash provided by and included in accounts payable to accounts receivable		(974)		(1,257)
Accounts Payable:
Reclassification of cash used in and included in accounts payable to accounts receivable		(151)		(2,610)
Reclassification
Accounts Receivable
Reclassification of cash provided by and included in accounts payable to accounts receivable		(10)		(564)
Accounts Payable:
Reclassification of cash used in and included in accounts payable to accounts receivable		$ 10		$ 564

ACCOUNTING POLICIES (Detail Textuals)	9 Months Ended
ACCOUNTING POLICIES (Detail Textuals)	Mar. 31, 2016
Accounting Policies [Abstract]
Property, Plant and Equipment, Depreciation Methods	Straight-line basis
Non-cancelable lease term	5 years

ACQUISITION (Details) - USD ($) $ in Thousands		3 Months Ended	9 Months Ended
ACQUISITION (Details) - USD ($) $ in Thousands	Jan. 15, 2016	Mar. 31, 2016	Mar. 31, 2016	Jun. 30, 2015	Jun. 30, 2014
Consideration:
Fair value of total consideration paid in cash		$ 5,625	$ 5,625
Financial liabilities
Goodwill		$ 11,703	$ 11,703	$ 7,663	$ 7,663
Vendscreen, Inc
Consideration:
Fair value of total consideration paid in cash	$ 5,625
Acquisition / integration expenses:	584
Financial Assets:
Accounts receivable	3
Finance receivables	628
Other current assets	20
Deferred income taxes	18
Financial assets, total	669
Property, and & equipment	81
Identifiable intangible assets:
Fair value of intangible assets	885
Financial liabilities
Accrued liabilities	(50)
Total identifiable net assets	1,585
Goodwill	4,040
Total Fair Value	5,625
Vendscreen, Inc \| Developed technology
Identifiable intangible assets:
Fair value of intangible assets	639
Vendscreen, Inc \| Customer relationships
Identifiable intangible assets:
Fair value of intangible assets	149
Vendscreen, Inc \| Brand
Identifiable intangible assets:
Fair value of intangible assets	95
Vendscreen, Inc \| Non-compete agreements
Identifiable intangible assets:
Fair value of intangible assets	$ 2

ACQUISITION (Detail Textuals) - USD ($) $ in Thousands		3 Months Ended	9 Months Ended
ACQUISITION (Detail Textuals) - USD ($) $ in Thousands	Jan. 15, 2016	Mar. 31, 2016	Mar. 31, 2016
Business Acquisition [Line Items]
Cash payment for acquisition		$ 5,625	$ 5,625
Vendscreen, Inc
Business Acquisition [Line Items]
Cash payment for acquisition	$ 5,625
Purchase price funding using cash	2,625
Purchase price from term loan	3,000
Fair value of intangible assets	885
Non recurring expenses incurred in connection with acquisition	584
Vendscreen, Inc \| Developed technology
Business Acquisition [Line Items]
Fair value of intangible assets	$ 639
Amortization period	5 years
Vendscreen, Inc \| Customer relationships
Business Acquisition [Line Items]
Fair value of intangible assets	$ 149
Amortization period	10 years
Vendscreen, Inc \| Non-compete agreements
Business Acquisition [Line Items]
Fair value of intangible assets	$ 2
Amortization period	2 years
Vendscreen, Inc \| Brand
Business Acquisition [Line Items]
Fair value of intangible assets	$ 95
Amortization period	3 years

EARNINGS PER SHARE CALCULATION (Details) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

9 Months Ended

Mar. 31, 2016

Mar. 31, 2015

Mar. 31, 2016

Mar. 31, 2015

Earnings Per Share [Abstract]

Numerator for basic earnings per share - Net loss available to common shareholders

$ (5,754)

$ (901)

$ (6,602)

$ (1,557)

Gain recorded for reduction in fair value of warrants

^[1]

Numerator for diluted earnings per share - Net loss available to common shareholders

$ (5,754)

$ (901)

$ (6,602)

$ (1,557)

Denominator for basic earnings per share - Weighted average shares outstanding

36,161,613

35,747,979

35,961,648

35,705,210

Effect of dilutive potential common shares

^[1]

Denominator for diluted earnings per share - Adjusted weighted average shares outstanding

36,161,613

35,747,979

35,961,648

35,705,210

Basic and diluted loss per share (in dollars per share)

$ (0.16)

$ (0.03)

$ (0.18)

$ (0.04)

[1]	No adjustment necessary as the effects would be anti-dilutive.

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References + Details

FINANCE RECEIVABLES (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Receivables [Abstract]
Total finance receivables	$ 4,719	$ 4,639
Less current portion	1,677	941
Non-current portion of finance receivables	$ 3,042	$ 3,698

FINANCE RECEIVABLES - Credit risk profile based on payment activity (Details 1) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Financing Receivable, Recorded Investment [Line Items]
Total finance receivables	$ 4,719	$ 4,639
Performing
Financing Receivable, Recorded Investment [Line Items]
Total finance receivables	4,671	4,619
Nonperforming
Financing Receivable, Recorded Investment [Line Items]
Total finance receivables	$ 48	$ 20

FINANCE RECEIVABLES - Age analysis of past due finance receivables (Details 2) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total finance receivables	$ 4,719	$ 4,639
QuickStart Leases
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	48	20
Current	4,671	4,619
Total finance receivables	4,719	4,639
QuickStart Leases \| 31- 60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	30
QuickStart Leases \| 61- 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	3	15
QuickStart Leases \| Greater than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 15	$ 5

PROPERTY AND EQUIPMENT - Summary of property and equipment at cost (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Mar. 31, 2016	Jun. 30, 2015
Property, Plant and Equipment [Line Items]
Property, plant and equipment, Cost	$ 33,612	$ 32,437
Less accumulated depreciation	(23,028)	(19,568)
Property and equipment, Net	$ 10,584	$ 12,869
Computer equipment and purchased software
Property, Plant and Equipment [Line Items]
Useful lives	3-7 years	3-7 years
Property, plant and equipment, Cost	$ 5,420	$ 4,670
Less accumulated depreciation	(4,287)	(4,017)
Property and equipment, Net	$ 1,133	$ 653
Property and equipment used for rental program
Property, Plant and Equipment [Line Items]
Useful lives	5 years	5 years
Property, plant and equipment, Cost	$ 26,789	$ 26,469
Less accumulated depreciation	(17,553)	(14,476)
Property and equipment, Net	$ 9,236	$ 11,993
Furniture and equipment
Property, Plant and Equipment [Line Items]
Useful lives	3-7 years	3-7 years
Property, plant and equipment, Cost	$ 828	$ 723
Less accumulated depreciation	(626)	(572)
Property and equipment, Net	$ 202	$ 151
Leasehold improvements
Property, Plant and Equipment [Line Items]
Useful lives	Lesser of life or lease term	Lesser of life or lease term
Property, plant and equipment, Cost	$ 575	$ 575
Less accumulated depreciation	(562)	(503)
Property and equipment, Net	$ 13	$ 72

PROPERTY AND EQUIPMENT (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Assets under capital leases	$ 2,600		$ 2,600		$ 2,100
Capital lease amortization included in depreciation expense	$ 69	$ 130	$ 208	$ 271

GOODWILL AND INTANGIBLES - Summary of intangible assets (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2016	Jun. 30, 2015
Goodwill [Roll Forward]
Goodwill, Beginning Balance		$ 7,663	$ 7,663
Goodwill, Additions / Adjustments		4,040
Goodwill, Amortization
Goodwill, Ending Balance	$ 11,703	$ 11,703	$ 7,663
Goodwill, Amortization Period		Indefinite	Indefinite
Indefinite-lived Intangible Assets [Roll Forward]
Indefinite Intangible Assets, Beginning Balance
Indefinite Intangible Assets, Ending Balance	841	841
Finite-lived Intangible Assets [Roll Forward]
Amortization	44	44
Intangible Assets, Net (Including Goodwill) [Abstract]
Intangible Assets, Beginning Balance		8,095	8,095
Intangible Assets, Additions		4,925
Intangible Assets, Amortization		(44)
Intangible Assets, Ending Balance	12,976	12,976	8,095
Trademarks
Indefinite-lived Intangible Assets [Roll Forward]
Indefinite Intangible Assets, Beginning Balance		432	432
Additions / Adjustments
Amortization
Indefinite Intangible Assets, Ending Balance	432	$ 432	$ 432
Amortization Period		Indefinite	Indefinite
Non-compete agreements
Finite-lived Intangible Assets [Roll Forward]
Beginning Balance
Additions / Adjustments		2
Amortization
Ending Balance	2	$ 2
Amortization Period		2 years
Brand
Finite-lived Intangible Assets [Roll Forward]
Beginning Balance
Additions / Adjustments		95
Amortization		(8)
Ending Balance	87	$ 87
Amortization Period		3 years
Developed Technology
Finite-lived Intangible Assets [Roll Forward]
Beginning Balance
Additions / Adjustments		639
Amortization		(32)
Ending Balance	607	$ 607
Amortization Period		5 years
Customer relationships
Finite-lived Intangible Assets [Roll Forward]
Beginning Balance
Additions / Adjustments		149
Amortization		(4)
Ending Balance	$ 145	$ 145
Amortization Period		10 years

GOODWILL AND INTANGIBLES (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2016	Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 44	$ 44

ACCRUED EXPENSES - Information regarding accrued expenses (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Accrued Liabilities [Abstract]
Accrued compensation and related sales commissions	$ 1,135	$ 673
Accrued professional fees	673	301
Accrued taxes and filing fees	526	505
Advanced customer billings	749	390
Accrued rent	7	75
Accrued other	268	213
Accrued expenses, total	3,358	2,157
Less current portion	(3,339)	(2,108)
Accrued expenses, less current portion	$ 19	$ 49

LINE OF CREDIT - Summary of line of credit (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015	Jun. 30, 2015
Line Of Credit Facility [Abstract]
Principal balance at period-end	$ 7,111	$ 4,000	$ 7,111	$ 4,000
Unamortized discount	(131)		(131)
Line of credit, net	6,980	4,000	6,980	4,000	$ 4,000
Maximum amount outstanding at any month end	7,111	4,000	7,111	5,000
Average balance outstanding during the period	$ 4,564	$ 4,000	$ 4,230	$ 4,100
Weighted-average interest rate:
As of the period-end	5.80%	5.30%	5.80%	5.30%
Paid during the period	5.50%	5.30%	5.30%	5.30%

- Definition

The carrying value as of the balance sheet date of the current portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

LINE OF CREDIT (Detail Textuals) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended		3 Months Ended		9 Months Ended
	Jan. 15, 2016	Mar. 31, 2016	Mar. 29, 2016	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015	Jun. 30, 2015
Line of Credit Facility [Line Items]
Number of common stock called by warrants		3,400,000		3,400,000		3,400,000		3,900,000
Exercise price of warrants per share		$ 2.6058		$ 2.6058		$ 2.6058		$ 2.6058
Line of credit		$ 6,980		$ 6,980	$ 4,000	$ 6,980	$ 4,000	$ 4,000
Interest expense				180	85	403	209
Avidbank Corporate Finance \| Loan and Security Agreement \| Term loan
Line of Credit Facility [Line Items]
Line of credit facility, basis of measurement	prime rate
Line of credit facility, interest rate description	The Term Loan bears interest at an annual rate equal to 1.75% above the prime rate as published from time to time by The Wall Street Journal, or five percent (5%), whichever is higher.
Debt instrument term	3 years
Principal amount of term loan	$ 3,000
Amount of increases in available line of credit	7,500
Line of Credit
Line of Credit Facility [Line Items]
Interest expense				48	$ 55	156	$ 158
Revolving line of credit facility \| Avidbank Corporate Finance \| Loan and Security Agreement
Line of Credit Facility [Line Items]
Maximum limit of amount under line of credit	$ 7,000
Line of credit facility, interest rate description	prime rate
Percentage of interest rate above prime rate	2.00%
Percentage of interest rate on line of credit	5.00%
Debt instrument term	3 years
Principal amount of term loan	$ 3,000
Revolving line of credit facility \| Heritage Bank of Commerce \| Loan and Security Agreement
Line of Credit Facility [Line Items]
Maximum limit of amount under line of credit			$ 12,000
Line of credit facility, basis of measurement			prime rate
Percentage of interest rate above prime rate			2.25%
Percentage of interest rate on line of credit		3.50%
Line of credit		$ 7,100	$ 12,000	7,100		7,100		$ 4,000
Amount of increases in available line of credit		4,800		4,800		4,800
Line of credit facility capacity available to satisfy loan			7,000
Line of credit facility available to pay closing fees			$ 100
Percentage of license and transaction fee revenue			85.00%
Line of credit facility amount available under line of credit		$ 4,900		$ 4,900		$ 4,900
Revolving line of credit facility \| Heritage Bank of Commerce \| Warrants \| Loan and Security Agreement
Line of Credit Facility [Line Items]
Number of common stock called by warrants			23,978
Exercise price of warrants per share			$ 5.00
Fair value of the warrants			$ 52

LONG-TERM DEBT - Long-term debt (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Debt Instrument [Line Items]
Long-term debt	$ 2,367	$ 2,332
Less current portion	625	478
Long-term debt, less current portion	1,742	1,854
Capital Lease Obligations
Debt Instrument [Line Items]
Long-term debt	667	338
Other loan agreements
Debt Instrument [Line Items]
Long-term debt	12
Lease financing obligations
Debt Instrument [Line Items]
Long-term debt	$ 1,688	$ 1,994

LONG-TERM DEBT- Maturities of long-term debt (Details 1) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Debt Disclosure [Abstract]
2016 (remaining six months)	$ 157
2017	631
2018	628
2019	588
2020	358
Thereafter	5
Long-term debt	$ 2,367	$ 2,332

LONG-TERM DEBT (Detail Textuals) - USD ($) $ in Thousands	9 Months Ended
LONG-TERM DEBT (Detail Textuals) - USD ($) $ in Thousands	Mar. 31, 2016	Mar. 31, 2015	May 31, 2015	Feb. 28, 2015
Debt Instrument [Line Items]
Loan agreements	$ 103	$ 103
Capital Lease Obligations
Debt Instrument [Line Items]
Capital lease obligations	$ 444
Capital Lease Obligations \| Minimum
Debt Instrument [Line Items]
Percentage of interest rate	5.60%
Capital Lease Obligations \| Maximum
Debt Instrument [Line Items]
Percentage of interest rate	9.00%
Other Loan Agreements
Debt Instrument [Line Items]
Percentage of interest rate	5.30%
Loan agreements	$ 103
Assignment Of Quickstart Leases
Debt Instrument [Line Items]
Financing lease obligations			$ 304	$ 1,800
Assignment Of Quickstart Leases \| Minimum
Debt Instrument [Line Items]
Percentage of interest rate	9.40%
Assignment Of Quickstart Leases \| Maximum
Debt Instrument [Line Items]
Percentage of interest rate	9.50%

FAIR VALUE OF FINANCIAL INSTRUMENTS - Fair value of the company financial instruments that are required to be measured at fair value (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Common stock warrant liability, warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016	$ 5,964	$ 978
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Common stock warrant liability, warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Common stock warrant liability, warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Common stock warrant liability, warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016	$ 5,964	$ 978

FAIR VALUE OF FINANCIAL INSTRUMENTS - Fair value of the company financial instruments that are required to be measured at fair value (Parentheticals) (Details) - $ / shares shares in Millions	Mar. 31, 2016	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Exercise price of warrants per share	$ 2.6058	$ 2.6058
Number of common stock called by warrants	3.4	3.9

FAIR VALUE OF FINANCIAL INSTRUMENTS - Changes in fair value of the Company level 3 financial instruments (unaudited) (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ (1,865)	$ (140)	$ (978)	$ (585)
Increase due to change in fair value of warrant liabilities	(4,805)	(1,101)	(5,692)	(656)
Reduction due to warrant exercises	706		706
Ending balance	$ (5,964)	$ (1,241)	$ (5,964)	$ (1,241)

FAIR VALUE OF FINANCIAL INSTRUMENTS (Detail Textuals) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of common stock warrants	$ 5,964	$ 978
Number of common stock called by warrants	3,400,000	3,900,000
Number of warrants exercised	500,000
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of common stock warrants	$ 5,964	$ 978
Number of common stock called by warrants	3,400,000	3,900,000

WARRANTS - Summary of warrant activity (Details 1) - Warrants - shares	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015
Class Of Warrant Or Right [Roll Forward]
Outstanding	4,298,000	4,298,000	4,309,000
Issued	23,978
Exercised	(634,100)		(11,000)
Expired
Outstanding	3,687,878	4,298,000	4,298,000

WARRANTS (Detail Textuals) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Mar. 31, 2016	Jun. 30, 2015
Class of Warrant or Right [Line Items]
Number of warrants exercised	500,000
Exercise price per share	$ 2.6058	$ 2.6058
Warrants
Class of Warrant or Right [Line Items]
Number of warrants exercised	634,100
Warrants \| Common Stock
Class of Warrant or Right [Line Items]
Exercise price per share	$ 2.6058
Issuance of common stock	645,100
Proceeds from issuance of common stock	$ 1,681

INCOME TAXES (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
INCOME TAXES (Detail Textuals) - USD ($) $ in Thousands	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income (loss) before benefit (provision) for income taxes	$ 93	$ (138)	$ (88)	$ (180)
Estimated annual effective income tax rate for fiscal year ending June 30, 2016 and 2015 respectively			33.00%	64.00%	64.00%
Amounts due to decrease in applicable tax rate				$ (395)
Remaining provision/ (benefit)				$ 215

STOCK BASED COMPENSATION PLANS - Summary of valuation assumption (Details) - Stock options	9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility		79.00%
Expected life		7 years
Expected dividends	0.00%	0.00%
Risk-free interest rate		2.04%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	59.00%
Expected life	4 years
Risk-free interest rate	1.34%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	66.00%
Expected life	4 years 6 months
Risk-free interest rate	1.49%

STOCK BASED COMPENSATION PLANS - Summary of options outstanding (Details 1) - Stock options - $ / shares	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Shares
Options outstanding, beginning of period	658,474	448,888	538,888	120,000
Granted	75,000	85,000	194,586	413,888
Forfeited	(90,000)		(90,000)
Expired
Exercised	(33,333)		(33,333)
Options outstanding, end of period	610,141	533,888	610,141	533,888
Weighted-Average Exercise Price
Options outstanding, beginning of period	$ 2.14	$ 1.87	$ 1.86	$ 2.05
Granted	2.94	1.70	3.21	1.78
Forfeited	3.38		3.38
Expired
Exercised	1.80		1.80
Options outstanding, end of period	2.07	1.84	2.07	1.84
Weighted Average Grant Date Fair Value
Options outstanding, beginning of period	1.41	1.33	1.33	1.49
Granted	1.43	1.19	1.64	1.25
Forfeited	1.81		1.81
Expired
Exercised	1.27		1.27
Options outstanding, end of period	$ 1.36	$ 1.31	$ 1.36	$ 1.31

STOCK BASED COMPENSATION PLANS - Information about unvested options (Details 2) - Stock options - $ / shares	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Shares
Unvested options, beginning of period	396,251	448,888	505,553	120,000
Granted	75,000		194,586	328,888
Vested	(28,335)		(257,223)
Forfeited	(90,000)		(90,000)
Unvested options, end of period	352,916	448,888	352,916	448,888
Weighted Average Grant Date Fair Value
Unvested options, beginning of period	$ 1.49	$ 1.33	$ 1.32	$ 1.49
Granted	1.43		1.64	1.27
Vested	1.27		1.26
Forfeited	1.81		1.81
Unvested options, end of period	$ 1.41	$ 1.33	$ 1.41	$ 1.33

STOCK BASED COMPENSATION PLANS - Range of Exercise Prices (Details 3) - Stock options - $ / shares	Mar. 31, 2016	Dec. 31, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding	610,141	658,474	538,888	533,888	448,888	120,000
Options Exercisable	257,225		33,335
Range of Exercise Prices $1.62 to $1.68
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding	75,000		75,000
Options Exercisable	25,002
Range of Exercise Prices $1.62 to $1.68 \| Minimum
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices	$ 1.62		$ 1.62
Range of Exercise Prices $1.62 to $1.68 \| Maximum
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices	1.68		1.68
Range of Exercise Prices $1.80
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices	$ 1.80		$ 1.80
Options Outstanding	295,555		328,888
Options Exercisable	195,555
Range of Exercise Prices $2.05
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices	$ 2.05		$ 2.05
Options Outstanding	100,000		100,000
Options Exercisable	33,335		33,335
Range of Exercise Prices $2.09
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices	$ 2.09		$ 2.09
Options Outstanding	10,000		10,000
Options Exercisable	3,333
Range of Exercise Prices $2.75
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices	$ 2.75		$ 2.75
Options Outstanding	25,000		25,000
Options Exercisable
Range of Exercise Prices $2.94
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices	$ 2.94		$ 2.94
Options Outstanding	75,000
Options Exercisable
Range of Exercise Prices $3.38
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices	$ 3.38		$ 3.38
Options Outstanding	29,586
Options Exercisable

STOCK BASED COMPENSATION PLANS - Options outstanding and exercisable (Details 4) - Stock options - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended	12 Months Ended
	Mar. 31, 2016	Jun. 30, 2015	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number, Options Outstanding	610,141	538,888	658,474	533,888	448,888	120,000
Number, Exercisable Options	257,225	33,335
Weighted average exercise price, Options Outstanding	$ 2.07	$ 1.86	$ 2.14	$ 1.84	$ 1.87	$ 2.05
Weighted average exercise price, Exercisable Options	$ 1.82	$ 2.05
Aggregate intrinsic value, Options Outstanding	$ 1,389	$ 451
Aggregate intrinsic value, Exercisable Options	$ 653	$ 22
Weighted average contractual term, Options Outstanding	5 years 7 months 28 days	6 years 2 months 16 days
Weighted average contractual term, Exercisable Options	4 years 9 months 15 days	5 years 11 months 19 days
Share price of option outstanding and exercisable	$ 4.36	$ 2.70

STOCK BASED COMPENSATION PLANS - Company nonvested common shares (Details 5) - $ / shares	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015
Shares
Nonvested, Beginning balance	121,102	128,498	18,604
Granted			131,558
Vested		(7,396)	(21,664)
Nonvested, Ending balance	121,102	121,102	128,498
Weighted-Average Grant-Date Fair Value
Nonvested, Beginning balance	$ 2.94	$ 2.97	$ 1.88
Granted			3.04
Vested		3.38	2.70
Nonvested, Ending balance	$ 2.94	$ 2.94	$ 2.97

STOCK BASED COMPENSATION PLANS (Detail Textuals) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation	$ 377
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation	274	$ 257
Unrecognized compensation related to stock option grants	$ 229

PREFERRED STOCK - Preferred stock liquidation preference (Details) - Series A Preferred Stock - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Mar. 31, 2016	Jun. 30, 2015
Class Of Stock [Line Items]
Shares outstanding at $10.00 per share	$ 4,451	$ 4,451
Cumulative unpaid dividends	13,657	12,989
Preferred Stock liquidation preference	$ 18,108	$ 17,440

PREFERRED STOCK (Detail Textuals)	9 Months Ended
PREFERRED STOCK (Detail Textuals)	Mar. 31, 2016 $ / shares shares
Common Stock
Class of Stock [Line Items]
Preferred shares converted into common stock \| shares	0.194
Series A Preferred Stock
Class of Stock [Line Items]
Preferred stock voting rights	0.194 of a vote
Series A preferred stock annual cumulative dividend price per share (in dollars per share)	$ 1.50
Cumulative unpaid dividends converted into common shares, Convertible price per common share (in dollars per share)	1,000
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

RETIREMENT PLAN (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
RETIREMENT PLAN (Detail Textuals) - USD ($) $ in Thousands	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Maximum percent of voluntary contribution			100.00%
Description of safe harbor matching contributions plan			Company has elected to make 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.
Percentage of safe harbor matching contributions for first 3% employee compensation	100.00%		100.00%
Percentage of employee compensation eligible for 100% safe harbor matching contributions	3.00%		3.00%
Percentage of safe harbor matching contributions for next 2% employee compensation	50.00%		50.00%
Percentage of employee compensation eligible for 50% of next safe harbor matching contributions	2.00%		2.00%
Company's safe harbor contribution	$ 51	$ 61	$ 154	$ 149

COMMITMENTS AND CONTINGENCIES - Summarizes the changes in deferred gain from the sale-leaseback transactions (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015	Jun. 30, 2015
Sale Leaseback Transaction [Roll Forward]
Beginning balance	$ 1,330	$ 2,191	$ 1,760	$ 1,143
Gain on sale of rental equipment				1,452
Recognition of deferred gain	(215)	(216)	(645)	(619)
Ending balance	1,115	1,976	1,115	1,976
Less current portion	860	860	860	860	$ 860
Non-current portion of deferred gain	$ 255	$ 1,116	$ 255	$ 1,116	$ 900

COMMITMENTS AND CONTINGENCIES (Detail Textuals)	9 Months Ended
COMMITMENTS AND CONTINGENCIES (Detail Textuals)	Mar. 31, 2016
Third-party finance company
Commitment And Contingency [Line Items]
Agreement lease term	36-month

COMMITMENTS AND CONTINGENCIES (Detail Textuals 1) $ in Thousands	1 Months Ended
	Jul. 24, 2015 USD ($)
Customer agreement
Commitment And Contingency [Line Items]
Recoup credit card chargebacks due	$ 680

ADJUSTMENTS (Detail Textuals ) $ in Thousands	12 Months Ended
ADJUSTMENTS (Detail Textuals ) $ in Thousands	Jun. 30, 2015 USD ($)
Equity [Abstract]
Liquidation in preference of preferred stock	$ 85,371

SUBSEQUENT EVENTS (Detail Textuals) - Subsequent event $ in Thousands	1 Months Ended
	Apr. 29, 2016 USD ($) ft²
Subsequent Event [Line Items]
Area of current premises (in square feet) \| ft²	17,249
Area of new premises (in square feet) \| ft²	17,689
Lease term (in years)	7 years
Monthly base rent	$ 32,340
Increase monthly base rent	36,115
Maximum monthly base rent	$ 40,537
Lease renewal term (in years)	5 years