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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Sep. 30, 2018	Sep. 19, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	USA TECHNOLOGIES INC
Entity Central Index Key	0000896429
Entity Current Reporting Status	Yes
Current Fiscal Year End Date	--06-30
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		60,008,481
Document Type	10-Q
Document Period End Date	Sep. 30, 2018
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2018	Jun. 30, 2018
Current assets:
Cash and cash equivalents	$ 68,262	$ 83,964
Accounts receivable, less allowance of $3,125 and $2,754, respectively	18,921	15,748
Finance receivables, net	5,141	4,603
Inventory, net	6,915	8,038
Prepaid expenses and other current assets	1,463	929
Total current assets	100,702	113,282
Non-current assets:
Finance receivables due after one year	12,770	13,246
Other assets	1,900	720
Property and equipment, net	9,778	11,273
Intangibles, net	28,533	29,325
Goodwill	64,149	64,149
Total non-current assets	117,130	118,713
Total assets	217,832	231,995
Current liabilities:
Accounts payable	19,335	30,468
Accrued expenses	21,848	19,291
Capital lease obligations and current obligations under long-term debt	33,889	34,639
Income taxes payable	11	0
Deferred revenue	1,428	511
Total current liabilities	76,511	84,909
Long-term liabilities:
Deferred income taxes	71	67
Capital lease obligations and long-term debt, less current portion	932	1,127
Accrued expenses, less current portion	66	66
Total long-term liabilities	1,069	1,260
Total liabilities	77,580	86,169
Commitments and contingencies
Series A convertible preferred stock, 900,000 shares authorized, 445,063 issued and outstanding, with liquidation preferences of $19,777 and $19,443 at September 30, 2018 and June 30, 2018, respectively	3,138	3,138
Shareholders’ equity:
Preferred stock, no par value, 1,800,000 shares authorized, no shares issued	0	0
Common stock, no par value, 640,000,000 shares authorized, 60,012,155 and 59,998,811 shares issued and outstanding at September 30, 2018 and June 30, 2018, respectively	375,806	375,436
Accumulated deficit	(238,692)	(232,748)
Total shareholders’ equity	137,114	142,688
Total liabilities, convertible preferred stock and shareholders’ equity	$ 217,832	$ 231,995

Condensed Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2018	Jun. 30, 2018
Statement of Financial Position [Abstract]
Allowance on accounts receivable	$ 3,125	$ 2,754
Allowance on finance receivables	$ 601	$ 12
Convertible preferred stock, shares authorized	900,000	900,000
Convertible preferred stock, shares issued	445,063	445,063
Convertible preferred stock, shares outstanding	445,063	445,063
Convertible preferred stock, liquidation preference	$ 19,777	$ 19,443
Preferred stock, par value (in dollars per share)
Preferred stock, shares authorized	1,800,000	1,800,000
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)
Common stock, shares authorized	640,000,000	640,000,000
Common stock, shares issued	60,012,155	59,998,811
Common stock, shares outstanding	60,012,155	59,998,811

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Revenue from External Customer [Line Items]
Revenue	$ 33,522	$ 25,259
Costs of sales	23,412	19,078
Gross profit	10,110	6,181
Operating expenses:
Selling, general and administrative	9,450	6,924
Investigation and restatement expenses	4,526	0
Integration and acquisition costs	922	762
Depreciation and amortization	1,133	245
Total operating expenses	16,031	7,931
Operating loss	(5,921)	(1,750)
Other income (expense):
Interest income	405	80
Interest expense	(786)	(473)
Total other expense, net	(381)	(393)
Loss before income taxes	(6,302)	(2,143)
Provision for income taxes	(18)	(28)
Net loss	(6,320)	(2,171)
Preferred dividends	(334)	(334)
Net loss applicable to common shares	$ (6,654)	$ (2,505)
Net loss per common share
Basic (in dollars per share)	$ (0.11)	$ (0.05)
Diluted (in dollars per share)	$ (0.11)	$ (0.05)
Weighted average number of common shares outstanding
Basic (in shares)	60,053,912	47,573,364
Diluted (in shares)	60,053,912	47,573,364
Service
Revenue from External Customer [Line Items]
Revenue	$ 28,971	$ 19,397
Costs of sales	18,544	13,247
Product
Revenue from External Customer [Line Items]
Revenue	4,551	5,862
Costs of sales	$ 4,868	$ 5,831

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Accumulated Deficit
Balance (in shares) at Jun. 30, 2017		40,331,645
Balance at Jun. 30, 2017	$ 24,468	$ 245,999	$ (221,531)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock in relation to public offering, net of offering costs incurred (in shares)		9,583,332
Issuance of common stock in relation to public offering, net of offering costs incurred	39,888	$ 39,888
Stock based compensation (in shares)		279,754
Stock based compensation	409	$ 409
Excess tax benefit from stock plans	67		67
Net loss	(2,171)		(2,171)
Balance (in shares) at Sep. 30, 2017		50,194,731
Balance at Sep. 30, 2017	62,661	$ 286,296	(223,635)
Balance (in shares) at Jun. 30, 2018		59,998,811
Balance at Jun. 30, 2018	142,688	$ 375,436	(232,748)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock based compensation (in shares)		13,344
Stock based compensation	370	$ 370
Net loss	(6,320)		(6,320)
Balance (in shares) at Sep. 30, 2018		60,012,155
Balance at Sep. 30, 2018	$ 137,114	$ 375,806	$ (238,692)

- Definition

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

+ References + Details

Condensed Consolidated Statements of Shareholders' Equity Condensed Consolidated Statements of Shareholders' Equity (Parenthetical) $ in Thousands	3 Months Ended
	Sep. 30, 2017 USD ($)
Statement of Stockholders' Equity [Abstract]
Stock offering cost	$ 3,237

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
OPERATING ACTIVITIES:
Net loss	$ (6,320)	$ (2,171)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Non-cash stock based compensation	415	409
Gain on disposal of property and equipment	7	(18)
Non-cash interest and amortization of debt discount	22	17
Bad debt expense	509	168
Provision for inventory reserve	212	221
Depreciation and amortization	2,147	1,370
Excess tax benefits	0	67
Deferred income taxes	4	16
Changes in operating assets and liabilities:
Accounts receivable	(3,678)	(3,149)
Finance receivables, net	(63)	9,168
Inventory, net	1,707	(3,900)
Prepaid expenses and other assets	(220)	(103)
Accounts payable and accrued expenses	(8,665)	(1,490)
Deferred revenue	(210)	171
Income taxes payable	11	(55)
Net cash (used in) provided by operating activities	(14,122)	721
INVESTING ACTIVITIES:
Purchase of property and equipment, including rentals	(693)	(720)
Proceeds from sale of property and equipment, including rentals	30	45
Net cash used in investing activities	(663)	(675)
FINANCING ACTIVITIES:
Proceeds from exercise of common stock options	42	0
Issuance of common stock in public offering, net	0	39,888
Repayment of capital lease obligations and long-term debt	(959)	(809)
Net cash (used in) provided by financing activities	(917)	39,079
Net (decrease) increase in cash and cash equivalents	(15,702)	39,125
Cash and cash equivalents at beginning of year	83,964	12,745
Cash and cash equivalents at end of period	68,262	51,870
Supplemental disclosures of cash flow information:
Interest paid in cash	740	431
Income taxes paid in cash	0	0
Equipment and software acquired under capital lease	$ 0	$ 227

BUSINESS	3 Months Ended
BUSINESS	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BUSINESS	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 and consumer engagement services primarily within the unattended Point of Sale (“POS”) market. We are a leading provider in the small ticket, beverage and food vending industry in the United States 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 and IoT 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. The connection to the ePort Connect platform also enables consumer loyalty programs, national rewards programs and digital content, including advertisements and product information to be delivered at the point of sale. On November 9, 2017, the Company acquired all of the outstanding equity interests of Cantaloupe Systems, Inc. (“Cantaloupe”), pursuant to the Agreement and Plan of Merger (“Merger Agreement”). Cantaloupe is a premier provider of cloud and mobile solutions for vending, micro markets, and office coffee service. The acquisition expanded the Company’s existing platform to become an end-to-end enterprise platform integrating Cantaloupe’s Seed Cloud which provides cloud and mobile solutions for dynamic route scheduling, automated pre-kitting, responsive merchandising, inventory management, warehouse and accounting management, as well as cashless vending. The combined companies complete the value chain for customers by providing both top-line revenue generating services as well as bottom line business efficiency services to help operators of unattended retail machines run their business better. The combined product offering provides the data-rich Seed system with USAT’s consumer benefits, providing operators with valuable consumer data that results in customized experiences. In addition to new technology and services, due to Cantaloupe’s existing customer base, the acquisition expands the Company’s footprint into new global markets. INTERIM FINANCIAL INFORMATION The accompanying unaudited condensed consolidated financial statements of the Company 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 June 30, 2018 Annual Report on Form 10-K, which has been filed concurrently with this Form 10-Q. 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 months ended September 30, 2018 are not necessarily indicative of the results that may be expected for the year ending June 30, 2019. The balance sheet at June 30, 2018 has been derived from the audited consolidated financial statements at that date, but does not include all disclosures required by accounting principles generally accepted in the United States of America.

RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS

3 Months Ended

Sep. 30, 2018

Accounting Changes and Error Corrections [Abstract]

RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS

Overview

Concurrently with the filing of this Form 10-Q, the Company filed its Annual Report on Form 10-K for the fiscal year ended June 30, 2019 (the "Form 10-K") containing our audited consolidated financial statements for the fiscal years ended June 30, 2019 and 2018, which have not previously been filed, as well as restatements of the following previously filed consolidated financial statements: (i) our audited consolidated financial statements for the fiscal year ended June 30, 2017; (ii) our selected financial data as of and for the fiscal years ended June 30, 2017, 2016 and 2015 contained in Item 6 of the Form 10-K; and (iii) our unaudited condensed consolidated financial statements for the fiscal quarters ended September 30, 2017 and 2016, December 31, 2017 and 2016, and March 31, 2018 and 2017 in Note 20, “Unaudited Quarterly Data” of the Notes to Consolidated Financial Statements.

We have not filed and do not intend to file amendments to any of our previously filed Annual Reports on Form 10-K or Quarterly Reports on Form 10-Q for the periods affected by the restatements of our consolidated financial statements. In addition, we have not filed and do not intend to file a separate Annual Report on Form 10-K for the fiscal year ended June 30, 2018. Concurrent with this filing, we are filing our Quarterly Reports on Form 10-Q for each of the fiscal quarters ended December 31, 2018 and March 31, 2019 (together with this Form 10-Q, the “Fiscal Year 2019 Form 10-Qs”). We have not timely filed our Annual Report on Form 10-K for the fiscal year ended June 30, 2018 and the Fiscal Year 2019 Form 10-Qs as a result of the internal investigation of the Audit Committee of the Company’s Board of Directors (the “Audit Committee”) and the subsequent restatement of certain of our prior period financial statements as more fully described below.

Background

On September 11, 2018, the Company announced that the Audit Committee with the assistance of independent legal and forensic accounting advisors, was in the process of conducting an internal investigation of current and prior period matters relating to certain of the Company’s contractual arrangements, including the accounting treatment, financial reporting and internal controls related to such arrangements. The Audit Committee’s investigation focused principally on certain customer transactions entered into by the Company during fiscal years 2017 and 2018.

On January 14, 2019, the Company reported that the Audit Committee’s internal investigation was substantially completed, the principal findings of the internal investigation, and the remedial actions to be implemented by the Company as a result of the internal investigation. The Audit Committee found that, for certain of the customer transactions under review, the Company had prematurely recognized revenue. The Audit Committee proposed certain adjustments to previously reported revenues related to fiscal quarters occurring during the 2017 and 2018 fiscal years of the Company. In most cases, revenues that had been recognized prematurely were, or were expected to be, recognized in subsequent quarters, including quarters subsequent to the quarters impacted by the investigative findings. The investigation further found that certain items that had been recorded as expenses, such as the payment of marketing or servicing fees, were more appropriately treated as contra-revenue items in earlier fiscal quarters.

On February 4, 2019, the Board of Directors of the Company, upon the recommendation of the Audit Committee, and based upon the adjustments to previously reported revenues proposed by the Audit Committee, determined that the following financial statements previously issued by the Company should no longer be relied upon: (1) the audited consolidated financial statements for the fiscal year ended June 30, 2017; and (2) the quarterly and year-to-date unaudited condensed consolidated financial statements for September 30, 2017, December 31, 2017, and March 31, 2018.

On October 7, 2019, the Board of Directors of the Company, upon the recommendation of the Audit Committee, and based upon the non-investigatory adjustments described below, determined that the following financial statements previously issued by the Company should no longer be relied upon: (1) the audited consolidated financial statements for the fiscal year ended June 30, 2015; (2) the audited consolidated financial statements for the fiscal year ended June 30, 2016; and (3) the quarterly and year-to-date unaudited condensed consolidated financial statements for September 30, 2016, December 31, 2016, and March 31, 2017.

In addition to the Audit Committee investigation matter described above, the Company also corrected for (i) out of period adjustments and errors related to the Company's acquisition and financial integration of Cantaloupe and (ii) out of period adjustments and errors identified during management's review of significant accounts and transactions.

The acquisition and financial integration-related adjustments referred to in (i) above were made in the restatement and relate to errors in the purchase accounting for our acquisition of Cantaloupe and errors in periods subsequent to the acquisition resulting from an ineffective integration of the financial systems and processes of the acquired entity with those of the Company.

The significant account and transaction review adjustments referred to in (ii) above were made in the restatement and relate to revenue recognition, deferred income tax accounting, sales-tax reserves, reserves for bad debts, inventory reserves, sale-leaseback accounting, balance sheet classification of preferred stock, and various other matters.

Effect of Restatement on Previously Filed September 30, 2017 Form 10-Q

A summary of the impact of these matters on income (loss) before taxes is presented below:



($ in thousands)	Increase / (Decrease) Restatement Impact
	Three months ended September 30, 2017
Audit Committee Investigation-related Adjustments:
Revenue	$	(411	)
Costs of sales	$	165
Gross profit	$	(576	)
Operating loss	$	(576	)
Loss before income taxes	$	(576	)

Significant Account and Transaction Review and Other:
Revenue	$	53
Costs of sales	$	497
Gross profit	$	(444	)
Operating loss	$	(622	)
Loss before income taxes	$	(886	)

A summary of the impact of these matters on the condensed consolidated balance sheet is presented below, excluding any tax effect from the restatement adjustments in the aggregate:



($ in thousands)	Increase / (Decrease) Restatement Impact
	As of September 30, 2017
Audit Committee Investigation-related Adjustments:
Accounts receivable	$	(315	)
Finance receivables, net	$	(1,640	)
Inventory, net	$	941
Prepaid expenses and other current assets	$	25
Other assets	$	82
Accounts payable	$	270
Accrued expenses	$	803

Significant Account and Transaction Review and Other:
Accounts receivable	$	77
Inventory, net	$	(305	)
Prepaid expenses and other current assets	$	(136	)
Other assets	$	(543	)
Property and equipment, net	$	(1,149	)
Accounts payable	$	25
Accrued expenses	$	8,319
Capital lease obligations and current obligations under long-term debt	$	(21	)
Deferred revenue	$	(27	)
Deferred gain from sale-leaseback transactions	$	(198	)
Deferred gain from sale-leaseback transactions, less current portion	$	(99	)
Common stock	$	(166	)

The restatement adjustments were tax effected and any tax adjustments reflected in the condensed consolidated financial statements in this note relate entirely to the tax effect on the restatement adjustments.

The tables below present the effect of the financial statement adjustments related to the restatement discussed above of the Company's previously reported financial statements as of and for the three months ended September 30, 2017.

The effect of the restatement on the previously filed condensed consolidated balance sheet as of September 30, 2017 is as follows:



	As of September 30, 2017
($ in thousands)	As Previously Reported			Adjustments			As Restated

Assets
Current assets:
Cash and cash equivalents	$	51,870		$	—		$	51,870
Accounts receivable	10,288			(473		)	9,815
Finance receivables, net	3,082			(1,641		)	1,441
Inventory, net	8,240			636			8,876
Prepaid expenses and other current assets	1,122			(66		)	1,056
Total current assets	74,602			(1,544		)	73,058

Non-current assets:
Finance receivables due after one year, net	7,742			—			7,742
Other assets	750			(461		)	289
Property and equipment, net	11,850			(1,149		)	10,701
Deferred income taxes	28,205			(28,205		)	—
Intangibles, net	578			—			578
Goodwill	11,492			—			11,492
Total non-current assets	60,617			(29,815		)	30,802

Total assets	$	135,219		$	(31,359	)	$	103,860

Liabilities, convertible preferred stock and shareholders’ equity
Current liabilities:
Accounts payable	$	14,211		$	295		$	14,506
Accrued expenses	3,795			8,422			12,217
Line of credit, net	7,051			—			7,051
Capital lease obligations and current obligations under long-term debt	2,649			(21		)	2,628
Income taxes payable	10			(10		)	—
Deferred revenue	—			439			439
Deferred gain from sale-leaseback transactions	197			(197		)	—
Total current liabilities	27,913			8,928			36,841

Long-term liabilities:
Deferred income taxes	—			109			109
Capital lease obligations and long-term debt, less current portion	1,049			—			1,049
Accrued expenses, less current portion	62			—			62
Deferred gain from sale-leaseback transactions, less current portion	99			(99		)	—
Total long-term liabilities	1,210			10			1,220

Total liabilities	$	29,123		$	8,938		$	38,061
Commitments and contingencies
Convertible preferred stock:
Series A convertible preferred stock, 900,000 shares authorized, 445,063 issued and outstanding, with liquidation preference of $19,109 at September 30, 2017	—			3,138			3,138
Shareholders’ equity:
Preferred stock, no par value, 1,800,000 shares authorized, no shares issued	—			—			—
Series A convertible preferred stock, 900,000 shares authorized, 445,063 issued and outstanding, with liquidation preference of $19,109 at September 30, 2017	3,138			(3,138		)	—
Common stock, no par value, 640,000,000 shares authorized, 50,194,731 shares issued and outstanding at September 30, 2017	286,463			(167		)	286,296
Accumulated deficit	(183,505		)	(40,130		)	(223,635		)
Total shareholders’ equity	106,096			(43,435		)	62,661
Total liabilities, convertible preferred stock and shareholders’ equity	$	135,219		$	(31,359	)	$	103,860

The effect of the restatement on the previously filed condensed consolidated statement of operations for the three months ended September 30, 2017 is as follows:



	Three months ended September 30, 2017
($ in thousands, except per share data)	As Previously Reported			Adjustments			As Restated

Revenue:
License and transaction fees	$	19,944		$	(547	)	$	19,397
Equipment sales	5,673			189			5,862
Total revenue	25,617			(358		)	25,259

Costs of sales:
Cost of services	13,326			(79		)	13,247
Cost of equipment	5,090			741			5,831
Total costs of sales	18,416			662			19,078
Gross profit	7,201			(1,020		)	6,181

Operating expenses:
Selling, general and administrative	6,746			178			6,924
Integration and acquisition costs	762			—			762
Depreciation and amortization	245			—			245
Total operating expenses	7,753			178			7,931
Operating loss	(552		)	(1,198		)	(1,750		)

Other income (expense):
Interest income	80			—			80
Interest expense	(209		)	(264		)	(473		)
Total other expense, net	(129		)	(264		)	(393		)

Loss before income taxes	(681		)	(1,462		)	(2,143		)
Benefit (provision) for income taxes	468			(496		)	(28		)

Net loss	(213		)	(1,958		)	(2,171		)
Preferred dividends	(334		)	—			(334		)
Net loss applicable to common shares	$	(547	)	$	(1,958	)	$	(2,505	)
Net loss per common share
Basic	$	(0.01	)	$	(0.04	)	$	(0.05	)
Diluted	$	(0.01	)	$	(0.04	)	$	(0.05	)
Weighted average number of common shares outstanding
Basic	47,573,364			—			47,573,364
Diluted	47,573,364			—			47,573,364

The effect of the restatement on the previously filed condensed consolidated statement of cash flows for the three months ended September 31, 2017 is as follows:



	Three months ended September 30, 2017
($ in thousands)	As Previously Reported			Adjustments			As Restated

OPERATING ACTIVITIES:
Net loss	$	(213	)	$	(1,958	)	$	(2,171	)
Adjustments to reconcile net loss to net cash provided by operating activities:
Non-cash stock-based compensation	576			(167		)	409
(Gain) loss on disposal of property and equipment	(18		)	—			(18		)
Non-cash interest and amortization of debt discount	15			2			17
Bad debt expense	118			50			168
Provision for inventory reserve	—			221			221
Depreciation and amortization	1,492			(122		)	1,370
Excess tax benefits	67			—			67
Deferred income taxes	(535		)	551			16
Recognition of deferred gain from sale-leaseback transactions	(43		)	43			—
Changes in operating assets and liabilities:
Accounts receivable	(3,192		)	43			(3,149		)
Finance receivables, net	8,771			397			9,168
Inventory, net	(3,648		)	(252		)	(3,900		)
Prepaid expenses and other current assets	(217		)	114			(103		)
Accounts payable and accrued expenses	(2,168		)	678			(1,490		)
Deferred revenue	—			171			171
Income taxes payable	—			(55		)	(55		)
Net cash provided by operating activities	1,005			(284		)	721

INVESTING ACTIVITIES:
Purchase of property and equipment, including rentals	(992		)	272			(720		)
Proceeds from sale of property and equipment, including rentals	45			—			45
Net cash used in investing activities	(947		)	272			(675		)

FINANCING ACTIVITIES:
Issuance of common stock in public offering, net	39,888			—			39,888
Repayment of capital lease obligations and long-term debt	(821		)	12			(809		)
Net cash provided by financing activities	39,067			12			39,079

Net increase in cash and cash equivalents	39,125			—			39,125
Cash and cash equivalents at beginning of year	12,745			—			12,745
Cash and cash equivalents at end of period	$	51,870		$	—		$	51,870

ACCOUNTING POLICIES	3 Months Ended
ACCOUNTING POLICIES	Sep. 30, 2018
Accounting Policies [Abstract]
ACCOUNTING POLICIES	ACCOUNTING POLICIES RECENT ACCOUNTING PRONOUNCEMENTS Accounting pronouncements adopted In January 2017, the Financial Accounting Standards Board (the "FASB") issued Accounting Standards Update No. 2017-04, Intangibles - Goodwill and Other (Topic 350) - Simplifying the Test for Goodwill Impairment ("ASU 2017-04"), which eliminates Step 2 from the goodwill impairment test. Under ASU 2017-04, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. Additionally, an entity should consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. ASU 2017-04 is effective for annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. We early adopted ASU 2017-04 for impairment tests to be performed on testing dates after July 1, 2017, which did not impact our condensed consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718), Improvements to Employee Share-Based Payment Accounting, which modifies the accounting for certain aspects of share-based payments to employees. The new guidance requires excess tax benefits and tax deficiencies to be recorded in the income statement when stock awards vest or are settled. In addition, cash flows related to excess tax benefits are to be separately classified as an operating activity apart from other income tax cash flows. The standard also allows the Company to repurchase more of an employee’s vested shares for tax withholding purposes without triggering liability accounting, and clarifies that all cash payments made to tax authorities on an employee’s behalf for withheld shares should be presented as a financing activity on the statement of cash flows. The Company adopted this standard as of July 1, 2017. The primary impact of adoption was the recognition of excess tax benefits in the Company's provision for income taxes which is applied prospectively starting July 1, 2017 in accordance with the guidance. Adoption of the new standard resulted in the recognition of $31 thousand of excess tax benefits in the Company's provision for income taxes for the year ended June 30, 2018. Through June 30, 2017 excess tax benefits were reflected as a reduction of deferred tax assets via reducing actual operating loss carryforwards because such benefits had not reduced income taxes payable. Under the new standard the treatment of excess tax benefits changed and the cumulative excess tax benefits as of June 30, 2017 amounting to $67 thousand were credited to accumulated deficit. The adoption of ASU No. 2016-09 did not impact our statement of cash flows for the three months ended September 30, 2018 and 2017. In March 2018, the FASB issued ASU No. 2018-05, "Income Taxes (Topic 740), Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118." The standard adds guidance to ASC 740, Income Taxes, that contain SEC guidance related to SAB 118. The standard is effective upon issuance. Refer to Note 12 for further information regarding the impact of the standard. In January 2017, the FASB issued ASU No. 2017-01, “Business Combinations (Topic 805), Clarifying the Definition of a Business.” ASU 2017-01 provides guidance in ascertaining whether a collection of assets and activities is considered a business. The Company adopted this standard as of July 1, 2018, and its adoption did not have a material effect on the Company’s condensed consolidated financial statements. In May 2017, the FASB issued ASU No. 2017-09, “Compensation - Stock Compensation (Topic 718), Scope of Modification Accounting.” The standard provides guidance about which changes to the terms or conditions of a share-based payment award require modification accounting, which may result in a different fair value for the award. The Company adopted this standard as of July 1, 2018, and it will be applied prospectively to awards modified on or after the adoption date. Its adoption did not have a material effect on the Company's condensed consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 230), Classification of Certain Cash Receipts and Cash Payments.” The new guidance makes eight targeted changes to how cash receipts and cash payments are presented and classified in the statement of cash flows. The Company adopted this standard as of July 1, 2018 on a retrospective basis, and its adoption did not have a material effect on the Company’s condensed consolidated financial statements. In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606) (“the New Standard”). The New Standard provides a single model for entities to use in accounting for revenue arising from contracts with customers and will supersede most current revenue recognition guidance. The New Standard also requires expanded qualitative and quantitative disclosures about the nature, timing and uncertainty of revenue and cash flows rising from contracts with customers. The Company adopted the New Standard on July 1, 2018, using the modified retrospective method applied to those contracts which were not completed as of July 1, 2018. Results for reporting periods beginning after July 1, 2018 are presented under ASC 606, while prior period amounts are not adjusted and continue to be reported in accordance with the Company’s historic revenue recognition methodology under ASC 605. Refer to Note 5 for further discussion. Accounting pronouncements to be adopted 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 condensed consolidated financial position, results of operations or cash flows. In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)," which will require, among other items, lessees to recognize a right of use asset and a related lease liability for most leases on the balance sheet. Qualitative and quantitative disclosures will be enhanced to better understand the amount, timing and uncertainty of cash flows arising from leases. The Company adopted this new guidance on July 1, 2019, using the optional modified retrospective transition method. The Company expects the adoption to result in gross up on its consolidated balance sheets from the recognition of assets and liabilities arising out of operating leases. The Company will recognize assets for the right to use the underlying leased property during the lease term and will recognize liabilities for the corresponding financial obligation to make lease payments to the lessor. The Company plans to elect the transition package of practical expedients permitted within the standard, which eliminates the requirements to reassess prior conclusions about lease identification, lease classification, and initial direct costs. The Company is substantially complete with the evaluation of the impact on the condensed consolidated financial statements of adopting the new lease standard and does not anticipate a material impact on the condensed consolidated statements of operations, shareholders’ equity, and cash flows or to retained earnings. Additionally, the Company does not anticipate the adoption of the standard will impact any debt covenants or result in significant changes to the internal processes, including the internal control over financial reporting. The Company’s operating leases primarily comprise of office facilities, with the most significant leases relating to corporate headquarters in Malvern, Pennsylvania and an office in San Francisco, California. The Company is in the process of finalizing changes to its systems and processes in conjunction with its review of lease agreements and will disclose the actual impact of adopting ASU 2016-02 in its interim report on Form 10-Q for the quarter ended September 30, 2019. In July 2018, the FASB issued ASU No. 2018-09, “Codification Improvements”. These amendments provide clarifications and corrections to certain ASC subtopics including “Compensation - Stock Compensation - Income Taxes” (Topic 718-740), “Business Combinations - Income Taxes” (Topic 805-740) and “Fair Value Measurement - Overall” (Topic 820-10). The majority of the amendments in ASU 2018-09 will be effective in annual periods beginning after December 15, 2018. The Company is currently evaluating and assessing the impact this guidance will have on its condensed consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments - Credit Losses (Topic 326).” The new guidance changes the accounting for estimated credit losses pertaining to certain types of financial instruments including, but not limited to, trade and lease receivables. This pronouncement will be effective for fiscal years beginning after December 15, 2019. Early adoption of the guidance is permitted for fiscal years beginning after December 15, 2018.The Company is currently evaluating and assessing the impact this guidance will have on its condensed consolidated financial statements. In June 2018, the FASB issued ASU No. 2018-07, “Compensation - Stock Compensation (Topic 718), Improvements to Nonemployee Share-Based Payment Accounting.” The standard simplifies the accounting for share-based payments granted to nonemployees for goods and services. Under the ASU, most of the guidance on such payments to nonemployees would be aligned with the requirements for share-based payments granted to employees. The changes take effect for public companies for fiscal years starting after December 15, 2018, including interim periods within that fiscal year. The Company expects that the adoption of this ASU would not have a material impact on the Company’s condensed consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-15, “Intangibles—Goodwill and Other (Topic 350): Internal-Use Software.” This standard aligns the requirements for capitalizing implementation costs incurred in a cloud computing arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The standard is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years, which means that it will be effective for us in the first quarter of our fiscal year beginning July 1, 2020. The Company is currently evaluating and assessing the impact this guidance will have on its condensed consolidated financial statements.

ACQUISITION OF CANTALOUPE SYSTEMS, INC.

3 Months Ended

Sep. 30, 2018

Business Combinations [Abstract]

ACQUISITION OF CANTALOUPE SYSTEMS, INC.

On November 9, 2017, the Company acquired all of the outstanding equity interests of Cantaloupe pursuant to the Merger Agreement, for approximately $88.2 million in aggregate consideration. Cantaloupe is a premier provider of cloud and mobile solutions for vending, micro markets, and office coffee service.

The acquisition expanded the Company’s existing platform to become an end-to-end enterprise platform integrating Cantaloupe’s Seed Cloud, which provides cloud and mobile solutions for dynamic route scheduling, automated pre-kitting, responsive merchandising, inventory management, warehouse and accounting management, as well as cashless vending. In addition to new technology and services, due to Cantaloupe’s existing customer base, the acquisition expands the Company’s footprint into new global markets.

The fair value of the purchase price consideration consisted of the following:



($ in thousands)
Cash consideration, net of cash acquired	$	65,181
USAT shares issued as stock consideration (As Restated)	23,279
Post-closing adjustment for working capital	(253		)
Total consideration (As Restated)	$	88,207

The Company financed a portion of the purchase price with proceeds from a $25.0 million term loan (“Term Loan”) and $10.0 million of borrowings under a line of credit (“Revolving Credit Facility”), provided by JPMorgan Chase Bank, N.A., for an aggregate principal amount of $35.0 million. Refer to Note 10 for additional details.

The acquisition of Cantaloupe was accounted for as a business combination using the acquisition method. Under the acquisition method of accounting, the assets acquired and liabilities assumed in the transaction were recorded at the date of acquisition at their respective fair values using assumptions that are subject to change. The Company has finalized its valuation of certain assets and liabilities recorded in connection with this transaction as of June 30, 2018.

The following table summarizes the fair value of total consideration transferred to the holders of all of the outstanding equity interests of Cantaloupe at the acquisition date of November 9, 2017:



($ in thousands)	November 9, 2017 (As Restated)
Accounts receivable	$	2,921
Finance receivables	1,480
Inventory	282
Prepaid expense and other current assets	646
Finance receivables due after one year	3,603
Other assets	50
Property and equipment	2,234
Intangibles	30,800
Total assets acquired	42,016
Accounts payable	(1,591		)
Accrued expenses	(2,401		)
Deferred revenue	(518		)
Capital lease obligations and current obligations under long-term debt	(666		)
Capital lease obligations and long-term debt, less current portion	(1,134		)
Deferred income tax liabilities	(157		)
Total identifiable net assets	35,549
Goodwill	52,658
Total fair value	$	88,207

Amounts allocated to intangible assets included $18.9 million related to customer relationships, $10.3 million related to developed technology, and $1.6 million related to trade names. The fair value of the acquired customer relationships was determined using the excess earnings method. The fair value of both the acquired developed technology and the acquired trade names was determined using the relief from royalty method. The estimated useful life of the acquired intangible assets ranged from 6 to 18 years, with a weighted average estimated useful life of 13 years. The related amortization will be recorded on a straight-line basis.

Goodwill of $52.7 million arising from the acquisition includes the expected synergies between Cantaloupe and the Company, the value of the employee workforce, and intangible assets that do not qualify for separate recognition at the time of acquisition. The goodwill, which is not deductible for income tax purposes, was assigned to the Company’s only reporting unit.

Supplemental disclosure of pro forma information

The following supplemental unaudited pro forma information presents the combined results of USAT and Cantaloupe as if the acquisition of Cantaloupe occurred on July 1, 2016. This supplemental pro forma information has been prepared for comparative purposes and does not purport to be indicative of what would have occurred had the acquisition been made on July 1, 2016, nor are they indicative of any future results.

The pro forma results include adjustments for the preliminary purchase accounting impact of the Cantaloupe acquisition (including, but not limited to, amortization associated with the acquired intangible assets, and the interest expense and amortization of deferred financing fees associated with the Term Loan and Revolving Credit Facility that were used to finance a portion of the purchase price, along with the related tax impacts) and the alignment of accounting policies. Other material non-recurring adjustments are reflected in the pro forma and described below:



	Three months ended September 30, 2017
($ in thousands, except per share data)	Three months ended September 30, 2017
Revenue	$	30,889
Net loss attributable to USAT	(2,020		)
Net loss attributable to USAT common shares	$	(2,354	)
Net loss per share:
Basic	$	(0.04	)
Diluted	$	(0.04	)
Weighted average number of common shares outstanding:
Basic	53,548,814
Diluted	53,548,814

The supplemental unaudited pro forma earnings for the three months ended September 30, 2017 were adjusted to exclude $0.8 million of integration and acquisition costs.

REVENUE

3 Months Ended

Sep. 30, 2018

Revenue from Contract with Customer [Abstract]

REVENUE

Adoption of ASC 606, Revenue from Contracts with Customers

In applying the new revenue guidance, the Company evaluated its population of open contracts with customers on July 1, 2018. The effect of adoption of this new guidance on the Condensed Consolidated Balance Sheet as of July 1, 2018 was to increase prepaid expenses and other current assets, other assets, and deferred revenue, with an offsetting decrease in the opening accumulated deficit, as follows:



	June 30, 2018					July 1, 2018
($ in thousands)	As Reported			Adjustment		Revised

ASSETS
Prepaid expenses and other current assets	$	929		$	251	$	1,180
Other assets	720			1,254		1,974
LIABILITIES
Deferred revenue	511			1,127		1,638
SHAREHOLDERS' EQUITY
Accumulated deficit	(232,748		)	376		(232,372		)

The impact of the adoption of ASC 606 by financial statement line item within the Condensed Consolidated Balance Sheet as of September 30, 2018 and Condensed Consolidated Statement of Operations for the three months ended September 30, 2018 is as follows:



	September 30, 2018						September 30, 2018
($ in thousands)	As Reported			Adjustment			Under Legacy Guidance

BALANCE SHEET
Prepaid expenses and other current assets	$	1,463		$	(253	)	$	1,210
Other assets	1,900			(1,264		)	636
Deferred revenue	1,428			(1,116		)	312
Accumulated deficit	(238,692		)	(400		)	(239,092		)
STATEMENT OF OPERATIONS
License and transaction fees	28,971			(11		)	28,960
Selling, general and administrative	9,450			12			9,462
Net loss	(6,320		)	(23		)	(6,343		)

The adoption of ASC 606 had no effect on the cash flows from operating activities, investing activities or financing activities included in the Condensed Consolidated Statement of Cash Flows for the three months ended September 30, 2018.

Revenue Recognition Under ASC 606 (Periods commencing after July 1, 2018)

The Company provides an end-to-end payment solution which integrates hardware, software, and payment processing in the self-service retail market. The Company has contractual agreements with customers that set forth the general terms and conditions of the relationship, including pricing of goods and services, payment terms and contract duration. Revenue is recognized when the obligation under the terms of the Company’s contract with its customer is satisfied and is measured as the amount of consideration the Company expects to receive in exchange for transferring goods or providing services.

The foundation of the Company’s business model is to act as the Merchant of Record for its sellers. We provide cashless vending payment services in exchange for monthly service fees, in addition to collecting usage-based consideration for completed transactions. The contracts we enter into with third-party suppliers provide us with the right to access and direct their services when processing a transaction. The Company combines the services provided by third-party suppliers to enable customers to accept cashless payment transactions, indicating that it controls all inputs in directing their use to create the combined service. Additionally, we sell cashless payment devices (e.g., e-Ports, Seed), which are either directly sold or leased through the Company’s QuickStart or JumpStart programs.

Cashless vending services represent a single performance obligation as the combination of the services provided gives the customer the ability to accept cashless payments. Certain services are distinct, but are not accounted for separately as the rights are conterminous, they are transferred concurrently and the outcome is the same as accounting for the services as individual performance obligations. The single performance obligation is determined to be a stand-ready obligation to process payments whenever a consumer intends to make a purchase at a point-of-sale device. As the Company is unable to predict the timing and quantity of transactions to be processed, the assessment of the nature of the performance obligation is focused on each time increment rather than the underlying activity. Therefore, cashless vending services are viewed to comprise a series of distinct days of service that are substantially the same and have the same pattern of transfer to the customer. As a result, the promise to stand ready is accounted for as a single performance obligation.

Revenue related to cashless vending services is recognized over the period in which services are provided, with usage-based revenue recognized as transactions occur. Consideration for this service includes fixed fees for standing ready to process transactions, and generally also includes usage-based fees, priced as a percentage of transaction value and/or a specified fee per transaction processed. The total transaction price of usage-based services is determined to be variable consideration as it is based on unknown quantities of services to be performed over the contract term. The underlying variability is satisfied each day the service is performed and provided to the customer. Clients are billed for cashless vending services on a monthly basis and for transaction processing as transactions occur.

Equipment sales represent a separate performance obligation, the majority of which is satisfied at a point in time through outright sales or sales-type leases (ASC 840) when the equipment is delivered to the customer. Revenues related to JumpStart equipment are recognized over time as the customer obtains the right to use the equipment through an operating leases, however these are not significant to the Company’s total revenue.

USAT will occasionally offer volume discounts, rebates or credits on certain contracts, which is considered variable consideration. USAT uses either the most-likely or estimated value method to estimate the amount of the consideration, based on what the Company expects to better predict the amount of consideration to which it will be entitled to on a contract-by-contract basis. The Company will qualitatively assess if the variable consideration should be constrained to prevent possible significant reversal of revenue, as applicable.

The Company assesses the goods and/or services promised in each customer the contract and separately identifies a performance obligation for each promise to transfer to the customer a distinct good or service. The Company then allocates the transaction price to each performance obligation in the contract using relative standalone selling prices. The Company determines standalone selling prices based on the price at which a good or service is sold separately. If the standalone selling price is not observable through historic data, the Company estimates the standalone selling price by considering all reasonably available information, including market data, trends, as well as other company or customer-specific factors.

The Company recognizes fees charged to our customers primarily on a gross basis as transaction revenue when we are the principal in respect of completing a payment transaction. As a principal to the transaction, we control the service of completing payments for our customers through the payment ecosystem. The fees paid to payment processors and other financial institutions are recognized as transaction expense. For certain transactions in which we act in the capacity as an agent, those transactions are recorded on a net basis.

Disaggregated Revenue

Based on similar operational and economic characteristics, the Company’s revenue from contracts with customers is disaggregated by License and Transaction Fees and Equipment Sales, as reported in the Company’s Condensed Consolidated Statements of Operations. The Company believes these revenue categories depict how the nature, amount, timing, and uncertainty of its revenue and cash flows are influenced by economic factors, and also represents the level at which management makes operating decisions and assesses financial performance.

Transaction Price Allocated to Future Performance Obligations

In determining the transaction price allocated to unsatisfied performance obligations, we did not include non-recurring charges. Further, we applied the practical expedient to not consider arrangements with an original expected duration of one year or less, which are primarily month to month rental agreements. The majority of contracts are considered to have a contractual term of between 36 and 60 months based on implied and explicit termination penalties. These amounts will be converted into revenue in future periods as work is performed, primarily based on the services provided or at delivery and acceptance of products, depending on the applicable accounting method.

The following table reflects the estimated fees to be recognized in the future related to performance obligations that are unsatisfied at the end of the period:



($ in thousands)	As of September 30, 2018

2020	7,551
2021	9,256
2022	7,443
2023	5,887
2024 and thereafter	3,629
Total	$	33,766

Warranties and Returns

The Company offers standard warranties that provide the customer with assurance that its equipment will function in accordance with contract specifications. The Company’s standard warranties are not sold separately, but are included with each customer purchase. Warranties are not considered separate performance obligations, and therefore, are estimated and recorded at the time of sale. The Company estimates an allowance for equipment returns at the date of sale on a monthly basis.

Accounts Receivable, Contract Assets and Contract Liabilities

A contract with a customer creates legal rights and obligations. As the Company performs performance obligations under customer contracts, a right to unconditional consideration is recorded as an account receivable.

Contract liabilities represent consideration received from customers in excess of revenues recognized (i.e., deferred revenue). Contract liabilities are classified as current or noncurrent based on the nature of the underlying contractual rights and obligations.

The Company’s contract liability (i.e., deferred revenue) balances are as follows:



	Three months ended September 30,
($ in thousands)	2018

Deferred revenue, beginning of the period	$	511
Plus: adjustment for adoption of ASC 606	1,127
Deferred revenue, beginning of the period, as adjusted	1,638
Deferred revenue, end of the period	1,428
Revenue recognized in the period from amounts included in deferred revenue at the beginning of the period	156

The change in the contract liabilities period-over-period is primarily attributable to the result of timing difference between the Company’s satisfaction of a performance obligation and payment from the customer.

Contract Costs

The Company incurs costs to obtain contracts with customers, primarily in the form of commissions to sales employees. The Company recognizes as an asset the incremental costs of obtaining a contract with a customer if it expects to recover these costs. The Company currently does not incur material costs to fulfill its obligations under a contract once it is obtained but before transferring goods or services to the customer. At September 30, 2018, the Company had net capitalized costs to obtain contracts of $0.3 million and $1.3 million included in prepaid expenses and other current assets and other noncurrent assets on the condensed consolidated balance sheet, respectively.

Contract costs are amortized on a systematic basis consistent with the transfer to the customer of the goods or services to which the asset relates. A straight-line or proportional amortization method is used depending upon which method best depicts the pattern of transfer of the goods or services to the customer. In addition, these contract costs are evaluated for impairment by comparing, on a pooled basis, the expected future net cash flows from underlying customer relationships to the carrying amount of the capitalized contract costs.

In order to determine the appropriate amortization period for contract costs, the Company considers a number of factors, including expected early terminations, estimated terms of customer relationships, the useful lives of technology USAT uses to provide goods and services to its customers, whether future contract renewals are expected and if there is any incremental commission to be paid on a contract renewal. The Company amortizes these assets over the expected period of benefit. Costs to obtain a contract with an expected period of benefit of one year or less are expensed when incurred. During the three months ended September 30, 2018, amortization of capitalized contract costs was $0.1 million.

RESTRUCTURING/INTEGRATION COSTS

3 Months Ended

Sep. 30, 2018

Restructuring and Related Activities [Abstract]

RESTRUCTURING/INTEGRATION COSTS

Subsequent to the Cantaloupe acquisition, the Company initiated workforce reductions to integrate the Cantaloupe business for which costs totaled $2.1 million for the year ended June 30, 2018. The Company included these severance charges under “Integration and acquisition costs” within the Condensed Consolidated Statements of Operations, with the remaining outstanding balance included within “Accrued expenses” on the Condensed Consolidated Balance Sheet. Liabilities for severance will generally be paid during the next twelve months.

The following table summarizes the Company’s severance activity for the three months ended September 30, 2018:



($ in thousands)	Workforce reduction
Balance at July 1, 2018	$	1,019
Plus: additions	137
Less: cash payments	(301		)
Balance at September 30, 2018	$	855

FINANCE RECEIVABLES

3 Months Ended

Sep. 30, 2018

Receivables [Abstract]

FINANCE RECEIVABLES

Finance receivables consist of the following:



($ in thousands)	September 30, 2018		June 30, 2018
Finance receivables, net	$	5,141	$	4,603
Finance receivables due after one year	12,770		13,246
Total finance receivables, less allowance of $7 and $12, respectively	$	17,911	$	17,849

The Company routinely evaluates outstanding finance receivables for impairment based on past due balances or accounts otherwise determined to be at a higher risk of loss. A finance receivable is classified as nonperforming if it is considered probable the Company will be unable to collect all contractual interest and principal payments as scheduled.

At September 30, 2018 and June 30, 2018, credit quality indicators consisted of the following:



($ in thousands)	September 30, 2018		June 30, 2018
Performing	$	17,911	$	17,849
Nonperforming	7		12
Total	$	17,918	$	17,861



Age Analysis of Past Due Finance Receivables
As of September 30, 2018
($ in thousands)	Current		30 and Under Days Past Due		31 – 60 Days Past Due		61 – 90 Days Past Due		Greater than 90 Days Past Due		Total Finance Receivables
QuickStart Leases	$	17,465	$	126	$	44	$	102	$	181	$	17,918



Age Analysis of Past Due Finance Receivables
As of June 30, 2018
($ in thousands)	Current		30 and Under Days Past Due		31 – 60 Days Past Due		61 – 90 Days Past Due		Greater than 90 Days Past Due		Total Finance Receivables
QuickStart Leases	$	17,609	$	56	$	7	$	56	$	133	$	17,861

EARNINGS (LOSS) PER SHARE

3 Months Ended

Sep. 30, 2018

Earnings Per Share [Abstract]

EARNINGS (LOSS) PER SHARE

The calculation of basic earnings (loss) per share (“EPS”) and diluted EPS are presented below:



	Three months ended September 30,
($ in thousands, except per share data)	2018			2017

Numerator for basic and diluted loss per share
Net loss	$	(6,320	)	$	(2,171	)
Preferred dividends	(334		)	(334		)
Net loss available to common shareholders	$	(6,654	)	$	(2,505	)

Denominator for basic loss per share - Weighted average shares outstanding	60,053,912			47,573,364
Effect of dilutive potential common shares	—			—
Denominator for diluted loss per share - Adjusted weighted average shares outstanding	60,053,912			47,573,364

Basic loss per share	$	(0.11	)	$	(0.05	)
Diluted loss per share	$	(0.11	)	$	(0.05	)

Antidilutive shares excluded from the calculation of diluted loss per share were 1,420,301 and 1,206,471 for the three months ended September 30, 2018 and September 30, 2017.

GOODWILL AND INTANGIBLES

3 Months Ended

Sep. 30, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLES

Intangible asset balances and goodwill consisted of the following:



	As of September 30, 2018
($ in thousands)	Gross		Accumulated Amortization			Net		Amortization Period
Intangible assets:
Non-compete agreements	$	2	$	(2	)	$	—	2 years
Brand and tradenames	1,695		(291		)	1,404		3 - 7 years
Developed technology	10,939		(1,882		)	9,057		5 - 6 years
Customer relationships	19,049		(977		)	18,072		10 - 18 years
Total intangible assets	$	31,685	$	(3,152	)	$	28,533

Goodwill	64,149		—			64,149		Indefinite

Total intangible assets & goodwill	$	95,834	$	(3,152	)	$	92,682



	As of June 30, 2018
($ in thousands)	Gross		Accumulated Amortization			Net		Amortization Period
Intangible assets:
Non-compete agreements	$	2	$	(2	)	$	—	2 years
Brand	1,695		(226		)	1,469		3 - 7 years
Developed technology	10,939		(1,421		)	9,518		5 - 6 years
Customer relationships	19,049		(711		)	18,338		10 - 18 years
Total intangible assets	$	31,685	$	(2,360	)	$	29,325

Goodwill	64,149		—			64,149		Indefinite

Total intangible assets & goodwill	$	95,834	$	(2,360	)	$	93,474

For the three months ended September 30, 2018 and September 30, 2017 there was $0.8 million and $44 thousand in amortization expense related to intangible assets, respectively.

As set forth in the Merger Agreement, the Company finalized a post-working capital adjustment of $0.3 million during the quarter ended March 31, 2018. Accordingly, this post-working capital adjustment is reflected within goodwill as of June 30, 2018.

DEBT AND OTHER FINANCING ARRANGEMENTS

3 Months Ended

Sep. 30, 2018

Debt Disclosure [Abstract]

DEBT AND OTHER FINANCING ARRANGEMENTS

The Company's debt and other financing arrangements as of September 30, 2018 and June 30, 2018 consisted of the following:



	As of September 30,			As of June 30,
($ in thousands)	2018			2018

Revolving Credit Facility	$	10,000		$	10,000
Term Loan	22,708			23,333
Other	2,355			2,689
Less: unamortized issuance costs	(242		)	(256		)
Total	34,821			35,766
Less: debt and other financing arrangements, current	(33,889		)	(34,639		)
Debt and other financing arrangements, noncurrent	$	932		$	1,127

Details of interest expense presented on the Condensed Consolidated Statements of Operations are as follows:



	Three months ended September 30,
($ in thousands)	2018		2017
Heritage Line of Credit	$	—	$	133
Revolving Credit Facility	175		—
Term Loan	350		—
Other interest expense	261		340
Total interest expense	$	786	$	473

Avidbank 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 revolving line of credit facility (the “Avidbank Line of Credit”) of up to $7.0 million and a three-year term loan to the Company in the principal amount of $3.0 million (the “Avidbank Term Loan”). The Amendment increased the amount available under the Avidbank Line of Credit to $7.5 million less the amount then outstanding under the Avidbank Term Loan. 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. The Avidbank 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 Avidbank 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 Avidbank Term Loan. The Avidbank 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.

Heritage Line of Credit

In March 2016, the Company entered into a Loan and Security Agreement with Heritage Bank of Commerce (“Heritage Bank”), providing for a secured revolving line of credit in an amount of up to $12.0 million (the “Heritage Line of Credit”) at an interest rate calculated based on the Federal Reserve’s Prime plus 2.25%. The Heritage Line of Credit and the Company’s obligations under the Heritage Loan Documents were secured by substantially all of the Company’s assets, including its intellectual property. The Company utilized approximately $7.0 million under the Heritage Line of Credit to satisfy the existing Avidbank Line of Credit and related Avidbank Term Loan.

During March 2017, the Company entered into the third amendment with Heritage Bank that extended the maturity date of the Line of Credit from March 29, 2017 to September 30, 2018.

On November 9, 2017, the Company paid all amounts due on the Loan and Security Agreement with Heritage Bank of Commerce. The Company recorded a charge of $0.1 million to write-off any remaining debt issuance costs related to the Line of Credit to interest expense in the quarter ending December 31, 2017. Pursuant to such payment, all commitments of Heritage Bank of Commerce were terminated, and the Heritage Loan and Security Agreement was terminated.

Revolving Credit Facility and Term Loan

On November 9, 2017, in connection with the acquisition of Cantaloupe, the Company entered into a five year credit agreement among the Company, as the borrower, its subsidiaries, as guarantors, and JPMorgan Chase Bank, N.A., as the lender and administrative agent for the lender (the “Lender”), pursuant to which the Lender (i) made a $25 million Term Loan to the Company and (ii) provided the Company with the Revolving Credit Facility under which the Company may borrow revolving credit loans in an aggregate principal amount not to exceed $12.5 million at any time.

The proceeds of the Term Loan and borrowings under the Revolving Credit Facility, in an aggregate principal amount equal to $35.0 million, were used by the Company to finance a portion of the purchase price for the acquisition of Cantaloupe ($27.8 million) and repay existing indebtedness to Heritage Bank of Commerce ($7.2 million). Future borrowings under the Revolving Credit Facility may be used by the Company for working capital and general corporate purposes of the Company and its subsidiaries. The principal amount of the Term Loan is payable quarterly beginning on December 31, 2017 and the Term Loan, all advances under the Revolving Credit Facility, and all other obligations must be paid in full at maturity, on November 9, 2022.

Loans under the five year credit agreement bear interest, at the Company's option, by reference to a base rate or a rate based on LIBOR, in either case, plus an applicable margin determined quarterly based on the Company's Total Leverage Ratio as of the last day of each fiscal quarter. The applicable interest rate on the loans for the three months ended September 30, 2018 is LIBOR plus 4%. The Term Loan and Revolving Credit Facility contain customary representations and warranties and affirmative and negative covenants and require the Company to maintain a minimum quarterly Total Leverage Ratio and Fixed Charge Coverage Ratio. The Revolving Credit Facility and Term Loan also require the Company to furnish various financial information on a quarterly and annual basis.

Due to the Company's delay in filing its periodic reports, between September 28, 2018, and September 30, 2019, the parties entered into various agreements to provide for the extension of the delivery of the Company’s financial information required under the terms of the credit agreement. In connection with these agreements, the Company incurred extension fees due to the lender, totaling $0.2 million between September 28, 2018 and June 30, 2019. Additionally, during the quarter ended March 31, 2019 the Company prepaid $20.0 million of the balance outstanding under the Term Loan, $0.6 million of which was applied to the installment payment due on March 31, 2019 and the remainder of which was applied to the last repayment installment obligations due under the Term Loan. On September 30, 2019, the Company prepaid the remaining principal balance of the Term Loan of $1.5 million and agreed to permanently reduce the amount available under the Revolving Credit Facility to $10 million which represented the outstanding balance on the date thereof. The agreements also provide that the Company cannot incur additional borrowings on the Revolving Credit Facility without the Lender‘s prior consent. Further, the parties agreed that the applicable interest rate on the Revolving Credit Facility and Term Loan will be LIBOR plus 4% until such time as the Company delivers certain financial information required under the credit agreement.

On March 29, 2019 and September 18, 2019, the Company obtained waivers of an event of default under the credit agreement. The event of default is the result of the Company having maintained deposits on account with a financial institution in excess of the amounts permitted by the credit agreement and not having transferred certain deposit accounts to the Lender. The waiver requires the Company to remedy the event of default by March 31, 2020 by which time the Company expects to be in compliance with the underlying covenant. As of June 30, 2019, the Company is not in compliance with the fixed charge coverage ratio and the total leverage ratio, which represents an event of default under the credit agreement. The Company has classified all amounts outstanding under the Revolving Credit Facility and Term Loan as current liabilities as of September 30, 2018 and June 30, 2018.

Other Long-Term Borrowings

In connection with the acquisition of Cantaloupe, the Company assumed debt of $1.8 million with an outstanding balance of $1.3 million and $1.4 million as of September 30, 2018 and June 30, 2018 respectively. The balance for the period ended September 30, 2018 and June 30, 2018 is comprised of: (i) $0.4 million and $0.4 million of promissory notes bearing an interest rate of 5% and maturing on April 5, 2020 with principal and interest payments due monthly; (ii) $0.6 million and $0.7 million of promissory notes bearing an interest rate of 10% and maturing on April 1, 2021 with principal and interest payments due quarterly; and (iii) $0.2 million and $0.3 million of promissory notes bearing an interest rate of 12% and maturing on December 15, 2019 with principal and interest payments due quarterly.

The Company periodically enters into capital lease obligations to finance certain office and network equipment for use in its daily operations. At September 30, 2018 and June 30, 2018, such capital lease obligations were $0.3 million and $0.4 million , respectively. The interest rates on these obligations range from approximately 5.6% to 9.0% and the lease terms range from 2 to 5 years.

FAIR VALUE MEASUREMENTS	3 Months Ended
FAIR VALUE MEASUREMENTS	Sep. 30, 2018
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS The Company’s financial instruments, principally accounts receivable, cash equivalents, accounts payable, accrued expenses, and short-term finance receivables, 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 approximate their carrying value as such instruments are at market rates currently available to the Company.

- 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

INCOME TAXES	3 Months Ended
INCOME TAXES	Sep. 30, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES On December 22, 2017, the “Tax Cuts and Jobs Act” (the “Act”) was signed into law. Substantially all of the provisions of the Act are effective for taxable years beginning after December 31, 2017. The Act includes significant changes to the Internal Revenue Code of 1986 (as amended, the “Code”), including amendments which significantly change the taxation of individuals and business entities. The Act contains numerous provisions impacting the Company, the most significant of which reduces the Federal corporate statutory tax rate from 34% to 21%, as well as the elimination of the corporate alternative minimum tax ("AMT") and changing how existing AMT credits can be realized, the creation of a new limitation on deductible interest expense, and the change in rules related to uses and limitations of net operating loss carryforwards created in tax years beginning after December 31, 2017. The various provisions under the Act deemed most relevant to the Company have been considered in preparation of its condensed consolidated financial statements as of September 30, 2018. To the extent that clarifications or interpretations materialize in the future that would impact upon the effects of the Act incorporated into the September 30, 2018 financial statements, those effects will be reflected in the future as or if they materialize. For the three months ended September 30, 2018, the Company recorded an income tax provision of $18 thousand, which primarily relates to state income and franchise taxes. The provision is based upon actual loss before income taxes for the three months ended September 30, 2018, as the use of an estimated annual effective income tax rate does not provide a reliable estimate of the income tax provision. The accounting for deferred income taxes in the acquisition of Cantaloupe did not consider the potential effects of IRS Code Section 382 relating to the limitation on use of operating loss carryforwards created by Cantaloupe for its changes in ownership because the analysis required for such determination has not yet been completed. If upon completion of such analysis there are limitations on the use of operating loss carryforwards created by Cantaloupe totaling approximately $16.3 million. The potential impact is immaterial to the condensed consolidated financial statements due to the existing valuation allowance recorded against the Company’s deferred tax assets. For the three months ended September 30, 2017, an income tax provision of $28 thousand was recorded. The provision is based upon actual loss before income taxes for the three months ended September 30, 2017, as the use of an estimated annual effective income tax rate does not provide a reliable estimate of the income tax provision.

EQUITY

3 Months Ended

Sep. 30, 2018

Equity [Abstract]

EQUITY

On July 25, 2017, the Company closed its underwritten public offering of 9,583,332 shares of its common stock at a public offering price of $4.50 per share. The foregoing included the full exercise of the underwriters' option to purchase 1,249,999 additional shares from the Company. The gross proceeds to the Company from the offering, before deducting underwriting discounts and commissions and other offering expenses, was approximately $43.1 million.

On November 6, 2017, the Company entered into a Merger Agreement with Cantaloupe for cash and 3,423,367 shares of the company’s stock valued at $23.3 million. Refer to Note 4 for details on the Merger Agreement.

WARRANTS

The Company had 23,978 warrants outstanding as of September 30, 2018 and June 30, 2018, all of which were exercisable at $5.00 per share. The warrants have an expiration date of March 29, 2021.

STOCK OPTIONS

The Company estimates the grant date fair value of the stock options it grants using a Black-Scholes valuation model. The Company’s assumption for expected volatility is based on its historical volatility data related to market trading of its own common stock. The Company bases its assumptions for expected life of the new stock option grants on the life of the option granted, and if relevant, its analysis of the historical exercise patterns of its stock options. The dividend yield assumption is based on dividends expected to be paid over the expected life of the stock option. The risk-free interest rate assumption is determined by using the U.S. Treasury rates of the same period as the expected option term of each stock option.

In July 2017, 135,000 stock options were granted for 11 employees vesting 1/3 on July 26, 2018, 1/3 on July 26, 2019 and 1/3 on July 26, 2020 expiring if not exercised prior to July 26, 2022. The options are intended to qualify as incentive stock options under Section 422 of the Internal Revenue Code of 1986, as amended.

In August 2017, the Company awarded stock options to its Chief Executive Officer and Chief Financial Officer to purchase up to 19,047 and 25,000 shares respectively of common stock at an exercise price of $5.25 per share. The Chief Executive Officer options vest on August 16, 2018, expiring if not exercised prior to August 16, 2024. The Chief Financial Officer options vest 1/3 on August 16, 2018, 1/3 on August 16, 2019 and 1/3 on August 16, 2020, expiring if not exercised prior to August 16, 2024. The Chief Executive Officer options are intended to qualify as incentive stock options under Section 422 of the Internal Revenue Code of 1986, as amended, and the Chief Financial Officer options are non-qualified stock options.

In September 2018, the Company awarded stock options to 102 employees to purchase up to 400,000 shares of common stock at an exercise price of $8.75.

The fair value of options granted during the three months ended September 30, 2018 and 2017 was determined using the following assumptions:



	Three months ended September 30,
	2018			2017
Expected volatility (percent)	58.4		%	50.2 - 50.9%
Expected life (years)	4.5			4.0 - 4.5
Expected dividends	0.0		%	0.0		%
Risk-free interest rate (percent)	2.91		%	1.64 - 1.72%
Number of options granted	400,000			179,047
Weighted average exercise price	$	8.75		$	5.66
Weighted average grant date fair value	$	4.37		$	2.42

Stock based compensation related to all stock options for the three months ended September 30, 2018 was $0.1 million and $0.1 million for the three months ended September 30, 2017.

COMMON STOCK

On July 2, 2018, 6,677 shares were awarded to each non-employee director for a total of 40,062 shares. The shares vest on a monthly basis over the two year period following July 2, 2018. The total expense recognized for these grants for the three months ended September 30, 2018 was $0.2 million.

LONG TERM INCENTIVE PLANS

The Board approved the Fiscal Year 2018 Long-Term Stock Incentive Plan (the “2018 LTI Stock Plan”) which provides that executive officers would be awarded shares of common stock of the Company in the event that certain metrics relating to the Company’s 2018 fiscal year would result in specified ranges of year-over-year percentage growth. The metrics are total number of connections as of June 30, 2018 as compared to total number of connections as of June 30, 2017 (40% weighting) and adjusted EBITDA earned during the 2018 fiscal year as compared to the adjusted EBITDA earned during the 2018 fiscal year (60% weighting). If none of the minimum threshold year-over-year percentage target goals are achieved, the executive officers would not be awarded any shares. If all of the year-over-year percentage target goals are achieved, the executive officers would be awarded shares having the following value: Chief Executive Officer - $840,000 (160% of base salary), Chief Financial Officer - $300,000 (100% of base salary), Chief Services Officer - $275,000 (100% of base salary), and Chief Product Officer - $280,000 (100% of base salary and to be prorated to reflect the actual period of employment during the fiscal year). If all of the maximum distinguished year over year percentage target goals are achieved, the executive officers would be awarded shares having the following value: Chief Executive Officer - $1,260,000 (240% of base salary), Chief Financial Officer - $450,000 (150% of base salary), Chief Services Officer - $412,500 (150% of base salary), and Chief Product Officer - $420,000 (150% of base salary and to be prorated to reflect the actual period of employment during the fiscal year). Assuming the minimum threshold year-over-year percentage target goal would be achieved for a particular metric, the number of shares to be awarded for that metric would be determined on a pro rata basis, provided that the award would not exceed the maximum distinguished award for that metric. The shares awarded under the 2018 LTI Stock Plan would vest as follows: one-third at the time of issuance; one-third on June 30, 2019; and one-third on June 30, 2020.

The Company did not award any long-term stock incentive compensation to its executive officers during the 2019 fiscal year.

The Company had long-term stock incentive plans (“LTI”) in prior fiscal years for its then executive officers. Stock based compensation related to the LTI plans was as follows in the three months ended September 30, 2018 and 2017:



	Three months ended September 30,
($ in thousands)	2018		2017
FY18 LTI Plan	$	30	$	50
FY17 LTI Plan	26		64
FY16 LTI Plan	—		9
Total	$	56	$	123

COMMITMENTS AND CONTINGENCIES	3 Months Ended
COMMITMENTS AND CONTINGENCIES	Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES During fiscal year 2018, the Company expanded the leased space for its headquarters in Malvern, Pennsylvania to a total of 23,138 square feet. The Company’s monthly base rent is approximately $48 thousand with a lease expiration date of November 30, 2023. Through the Cantaloupe acquisition during fiscal year 2018, the Company acquired a noncancelable operating lease pertaining to Cantaloupe’s headquarters based in San Francisco, California. The leased premise consists of approximately 8,400 square feet and calls for rental payments of approximately $45 thousand due each month up to a maximum monthly base rent of approximately $47 thousand through its January 31, 2020 expiration date. The Company is involved in various legal proceedings which are described in Item 1 of Part II of this Form 10-Q.

SUBSEQUENT EVENTS	3 Months Ended
SUBSEQUENT EVENTS	Sep. 30, 2018
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS For a discussion of the Company's significant subsequent events, please refer to the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2019 which has been filed concurrently with this Form 10-Q.

ACCOUNTING POLICIES (Policies)	3 Months Ended
ACCOUNTING POLICIES (Policies)	Sep. 30, 2018
Accounting Policies [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS Accounting pronouncements adopted In January 2017, the Financial Accounting Standards Board (the "FASB") issued Accounting Standards Update No. 2017-04, Intangibles - Goodwill and Other (Topic 350) - Simplifying the Test for Goodwill Impairment ("ASU 2017-04"), which eliminates Step 2 from the goodwill impairment test. Under ASU 2017-04, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. Additionally, an entity should consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. ASU 2017-04 is effective for annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. We early adopted ASU 2017-04 for impairment tests to be performed on testing dates after July 1, 2017, which did not impact our condensed consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718), Improvements to Employee Share-Based Payment Accounting, which modifies the accounting for certain aspects of share-based payments to employees. The new guidance requires excess tax benefits and tax deficiencies to be recorded in the income statement when stock awards vest or are settled. In addition, cash flows related to excess tax benefits are to be separately classified as an operating activity apart from other income tax cash flows. The standard also allows the Company to repurchase more of an employee’s vested shares for tax withholding purposes without triggering liability accounting, and clarifies that all cash payments made to tax authorities on an employee’s behalf for withheld shares should be presented as a financing activity on the statement of cash flows. The Company adopted this standard as of July 1, 2017. The primary impact of adoption was the recognition of excess tax benefits in the Company's provision for income taxes which is applied prospectively starting July 1, 2017 in accordance with the guidance. Adoption of the new standard resulted in the recognition of $31 thousand of excess tax benefits in the Company's provision for income taxes for the year ended June 30, 2018. Through June 30, 2017 excess tax benefits were reflected as a reduction of deferred tax assets via reducing actual operating loss carryforwards because such benefits had not reduced income taxes payable. Under the new standard the treatment of excess tax benefits changed and the cumulative excess tax benefits as of June 30, 2017 amounting to $67 thousand were credited to accumulated deficit. The adoption of ASU No. 2016-09 did not impact our statement of cash flows for the three months ended September 30, 2018 and 2017. In March 2018, the FASB issued ASU No. 2018-05, "Income Taxes (Topic 740), Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118." The standard adds guidance to ASC 740, Income Taxes, that contain SEC guidance related to SAB 118. The standard is effective upon issuance. Refer to Note 12 for further information regarding the impact of the standard. In January 2017, the FASB issued ASU No. 2017-01, “Business Combinations (Topic 805), Clarifying the Definition of a Business.” ASU 2017-01 provides guidance in ascertaining whether a collection of assets and activities is considered a business. The Company adopted this standard as of July 1, 2018, and its adoption did not have a material effect on the Company’s condensed consolidated financial statements. In May 2017, the FASB issued ASU No. 2017-09, “Compensation - Stock Compensation (Topic 718), Scope of Modification Accounting.” The standard provides guidance about which changes to the terms or conditions of a share-based payment award require modification accounting, which may result in a different fair value for the award. The Company adopted this standard as of July 1, 2018, and it will be applied prospectively to awards modified on or after the adoption date. Its adoption did not have a material effect on the Company's condensed consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 230), Classification of Certain Cash Receipts and Cash Payments.” The new guidance makes eight targeted changes to how cash receipts and cash payments are presented and classified in the statement of cash flows. The Company adopted this standard as of July 1, 2018 on a retrospective basis, and its adoption did not have a material effect on the Company’s condensed consolidated financial statements. In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606) (“the New Standard”). The New Standard provides a single model for entities to use in accounting for revenue arising from contracts with customers and will supersede most current revenue recognition guidance. The New Standard also requires expanded qualitative and quantitative disclosures about the nature, timing and uncertainty of revenue and cash flows rising from contracts with customers. The Company adopted the New Standard on July 1, 2018, using the modified retrospective method applied to those contracts which were not completed as of July 1, 2018. Results for reporting periods beginning after July 1, 2018 are presented under ASC 606, while prior period amounts are not adjusted and continue to be reported in accordance with the Company’s historic revenue recognition methodology under ASC 605. Refer to Note 5 for further discussion. Accounting pronouncements to be adopted 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 condensed consolidated financial position, results of operations or cash flows. In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)," which will require, among other items, lessees to recognize a right of use asset and a related lease liability for most leases on the balance sheet. Qualitative and quantitative disclosures will be enhanced to better understand the amount, timing and uncertainty of cash flows arising from leases. The Company adopted this new guidance on July 1, 2019, using the optional modified retrospective transition method. The Company expects the adoption to result in gross up on its consolidated balance sheets from the recognition of assets and liabilities arising out of operating leases. The Company will recognize assets for the right to use the underlying leased property during the lease term and will recognize liabilities for the corresponding financial obligation to make lease payments to the lessor. The Company plans to elect the transition package of practical expedients permitted within the standard, which eliminates the requirements to reassess prior conclusions about lease identification, lease classification, and initial direct costs. The Company is substantially complete with the evaluation of the impact on the condensed consolidated financial statements of adopting the new lease standard and does not anticipate a material impact on the condensed consolidated statements of operations, shareholders’ equity, and cash flows or to retained earnings. Additionally, the Company does not anticipate the adoption of the standard will impact any debt covenants or result in significant changes to the internal processes, including the internal control over financial reporting. The Company’s operating leases primarily comprise of office facilities, with the most significant leases relating to corporate headquarters in Malvern, Pennsylvania and an office in San Francisco, California. The Company is in the process of finalizing changes to its systems and processes in conjunction with its review of lease agreements and will disclose the actual impact of adopting ASU 2016-02 in its interim report on Form 10-Q for the quarter ended September 30, 2019. In July 2018, the FASB issued ASU No. 2018-09, “Codification Improvements”. These amendments provide clarifications and corrections to certain ASC subtopics including “Compensation - Stock Compensation - Income Taxes” (Topic 718-740), “Business Combinations - Income Taxes” (Topic 805-740) and “Fair Value Measurement - Overall” (Topic 820-10). The majority of the amendments in ASU 2018-09 will be effective in annual periods beginning after December 15, 2018. The Company is currently evaluating and assessing the impact this guidance will have on its condensed consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments - Credit Losses (Topic 326).” The new guidance changes the accounting for estimated credit losses pertaining to certain types of financial instruments including, but not limited to, trade and lease receivables. This pronouncement will be effective for fiscal years beginning after December 15, 2019. Early adoption of the guidance is permitted for fiscal years beginning after December 15, 2018.The Company is currently evaluating and assessing the impact this guidance will have on its condensed consolidated financial statements. In June 2018, the FASB issued ASU No. 2018-07, “Compensation - Stock Compensation (Topic 718), Improvements to Nonemployee Share-Based Payment Accounting.” The standard simplifies the accounting for share-based payments granted to nonemployees for goods and services. Under the ASU, most of the guidance on such payments to nonemployees would be aligned with the requirements for share-based payments granted to employees. The changes take effect for public companies for fiscal years starting after December 15, 2018, including interim periods within that fiscal year. The Company expects that the adoption of this ASU would not have a material impact on the Company’s condensed consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-15, “Intangibles—Goodwill and Other (Topic 350): Internal-Use Software.” This standard aligns the requirements for capitalizing implementation costs incurred in a cloud computing arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The standard is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years, which means that it will be effective for us in the first quarter of our fiscal year beginning July 1, 2020. The Company is currently evaluating and assessing the impact this guidance will have on its condensed consolidated financial statements.

RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS (Tables)

3 Months Ended

Sep. 30, 2018

Accounting Changes and Error Corrections [Abstract]

RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS

A summary of the impact of these matters on income (loss) before taxes is presented below:



($ in thousands)	Increase / (Decrease) Restatement Impact
	Three months ended September 30, 2017
Audit Committee Investigation-related Adjustments:
Revenue	$	(411	)
Costs of sales	$	165
Gross profit	$	(576	)
Operating loss	$	(576	)
Loss before income taxes	$	(576	)

Significant Account and Transaction Review and Other:
Revenue	$	53
Costs of sales	$	497
Gross profit	$	(444	)
Operating loss	$	(622	)
Loss before income taxes	$	(886	)

A summary of the impact of these matters on the condensed consolidated balance sheet is presented below, excluding any tax effect from the restatement adjustments in the aggregate:



($ in thousands)	Increase / (Decrease) Restatement Impact
	As of September 30, 2017
Audit Committee Investigation-related Adjustments:
Accounts receivable	$	(315	)
Finance receivables, net	$	(1,640	)
Inventory, net	$	941
Prepaid expenses and other current assets	$	25
Other assets	$	82
Accounts payable	$	270
Accrued expenses	$	803

Significant Account and Transaction Review and Other:
Accounts receivable	$	77
Inventory, net	$	(305	)
Prepaid expenses and other current assets	$	(136	)
Other assets	$	(543	)
Property and equipment, net	$	(1,149	)
Accounts payable	$	25
Accrued expenses	$	8,319
Capital lease obligations and current obligations under long-term debt	$	(21	)
Deferred revenue	$	(27	)
Deferred gain from sale-leaseback transactions	$	(198	)
Deferred gain from sale-leaseback transactions, less current portion	$	(99	)
Common stock	$	(166	)

The effect of the restatement on the previously filed condensed consolidated balance sheet as of September 30, 2017 is as follows:



	As of September 30, 2017
($ in thousands)	As Previously Reported			Adjustments			As Restated

Assets
Current assets:
Cash and cash equivalents	$	51,870		$	—		$	51,870
Accounts receivable	10,288			(473		)	9,815
Finance receivables, net	3,082			(1,641		)	1,441
Inventory, net	8,240			636			8,876
Prepaid expenses and other current assets	1,122			(66		)	1,056
Total current assets	74,602			(1,544		)	73,058

Non-current assets:
Finance receivables due after one year, net	7,742			—			7,742
Other assets	750			(461		)	289
Property and equipment, net	11,850			(1,149		)	10,701
Deferred income taxes	28,205			(28,205		)	—
Intangibles, net	578			—			578
Goodwill	11,492			—			11,492
Total non-current assets	60,617			(29,815		)	30,802

Total assets	$	135,219		$	(31,359	)	$	103,860

Liabilities, convertible preferred stock and shareholders’ equity
Current liabilities:
Accounts payable	$	14,211		$	295		$	14,506
Accrued expenses	3,795			8,422			12,217
Line of credit, net	7,051			—			7,051
Capital lease obligations and current obligations under long-term debt	2,649			(21		)	2,628
Income taxes payable	10			(10		)	—
Deferred revenue	—			439			439
Deferred gain from sale-leaseback transactions	197			(197		)	—
Total current liabilities	27,913			8,928			36,841

Long-term liabilities:
Deferred income taxes	—			109			109
Capital lease obligations and long-term debt, less current portion	1,049			—			1,049
Accrued expenses, less current portion	62			—			62
Deferred gain from sale-leaseback transactions, less current portion	99			(99		)	—
Total long-term liabilities	1,210			10			1,220

Total liabilities	$	29,123		$	8,938		$	38,061
Commitments and contingencies
Convertible preferred stock:
Series A convertible preferred stock, 900,000 shares authorized, 445,063 issued and outstanding, with liquidation preference of $19,109 at September 30, 2017	—			3,138			3,138
Shareholders’ equity:
Preferred stock, no par value, 1,800,000 shares authorized, no shares issued	—			—			—
Series A convertible preferred stock, 900,000 shares authorized, 445,063 issued and outstanding, with liquidation preference of $19,109 at September 30, 2017	3,138			(3,138		)	—
Common stock, no par value, 640,000,000 shares authorized, 50,194,731 shares issued and outstanding at September 30, 2017	286,463			(167		)	286,296
Accumulated deficit	(183,505		)	(40,130		)	(223,635		)
Total shareholders’ equity	106,096			(43,435		)	62,661
Total liabilities, convertible preferred stock and shareholders’ equity	$	135,219		$	(31,359	)	$	103,860

The effect of the restatement on the previously filed condensed consolidated statement of operations for the three months ended September 30, 2017 is as follows:



	Three months ended September 30, 2017
($ in thousands, except per share data)	As Previously Reported			Adjustments			As Restated

Revenue:
License and transaction fees	$	19,944		$	(547	)	$	19,397
Equipment sales	5,673			189			5,862
Total revenue	25,617			(358		)	25,259

Costs of sales:
Cost of services	13,326			(79		)	13,247
Cost of equipment	5,090			741			5,831
Total costs of sales	18,416			662			19,078
Gross profit	7,201			(1,020		)	6,181

Operating expenses:
Selling, general and administrative	6,746			178			6,924
Integration and acquisition costs	762			—			762
Depreciation and amortization	245			—			245
Total operating expenses	7,753			178			7,931
Operating loss	(552		)	(1,198		)	(1,750		)

Other income (expense):
Interest income	80			—			80
Interest expense	(209		)	(264		)	(473		)
Total other expense, net	(129		)	(264		)	(393		)

Loss before income taxes	(681		)	(1,462		)	(2,143		)
Benefit (provision) for income taxes	468			(496		)	(28		)

Net loss	(213		)	(1,958		)	(2,171		)
Preferred dividends	(334		)	—			(334		)
Net loss applicable to common shares	$	(547	)	$	(1,958	)	$	(2,505	)
Net loss per common share
Basic	$	(0.01	)	$	(0.04	)	$	(0.05	)
Diluted	$	(0.01	)	$	(0.04	)	$	(0.05	)
Weighted average number of common shares outstanding
Basic	47,573,364			—			47,573,364
Diluted	47,573,364			—			47,573,364

The effect of the restatement on the previously filed condensed consolidated statement of cash flows for the three months ended September 31, 2017 is as follows:



	Three months ended September 30, 2017
($ in thousands)	As Previously Reported			Adjustments			As Restated

OPERATING ACTIVITIES:
Net loss	$	(213	)	$	(1,958	)	$	(2,171	)
Adjustments to reconcile net loss to net cash provided by operating activities:
Non-cash stock-based compensation	576			(167		)	409
(Gain) loss on disposal of property and equipment	(18		)	—			(18		)
Non-cash interest and amortization of debt discount	15			2			17
Bad debt expense	118			50			168
Provision for inventory reserve	—			221			221
Depreciation and amortization	1,492			(122		)	1,370
Excess tax benefits	67			—			67
Deferred income taxes	(535		)	551			16
Recognition of deferred gain from sale-leaseback transactions	(43		)	43			—
Changes in operating assets and liabilities:
Accounts receivable	(3,192		)	43			(3,149		)
Finance receivables, net	8,771			397			9,168
Inventory, net	(3,648		)	(252		)	(3,900		)
Prepaid expenses and other current assets	(217		)	114			(103		)
Accounts payable and accrued expenses	(2,168		)	678			(1,490		)
Deferred revenue	—			171			171
Income taxes payable	—			(55		)	(55		)
Net cash provided by operating activities	1,005			(284		)	721

INVESTING ACTIVITIES:
Purchase of property and equipment, including rentals	(992		)	272			(720		)
Proceeds from sale of property and equipment, including rentals	45			—			45
Net cash used in investing activities	(947		)	272			(675		)

FINANCING ACTIVITIES:
Issuance of common stock in public offering, net	39,888			—			39,888
Repayment of capital lease obligations and long-term debt	(821		)	12			(809		)
Net cash provided by financing activities	39,067			12			39,079

Net increase in cash and cash equivalents	39,125			—			39,125
Cash and cash equivalents at beginning of year	12,745			—			12,745
Cash and cash equivalents at end of period	$	51,870		$	—		$	51,870

ACQUISITION OF CANTALOUPE SYSTEMS, INC. (Tables)

3 Months Ended

Sep. 30, 2018

Business Combinations [Abstract]

Schedule of preliminary fair value of purchase price consideration

The fair value of the purchase price consideration consisted of the following:



($ in thousands)
Cash consideration, net of cash acquired	$	65,181
USAT shares issued as stock consideration (As Restated)	23,279
Post-closing adjustment for working capital	(253		)
Total consideration (As Restated)	$	88,207

Schedule of fair values of the assets acquired and liabilities

The following table summarizes the fair value of total consideration transferred to the holders of all of the outstanding equity interests of Cantaloupe at the acquisition date of November 9, 2017:



($ in thousands)	November 9, 2017 (As Restated)
Accounts receivable	$	2,921
Finance receivables	1,480
Inventory	282
Prepaid expense and other current assets	646
Finance receivables due after one year	3,603
Other assets	50
Property and equipment	2,234
Intangibles	30,800
Total assets acquired	42,016
Accounts payable	(1,591		)
Accrued expenses	(2,401		)
Deferred revenue	(518		)
Capital lease obligations and current obligations under long-term debt	(666		)
Capital lease obligations and long-term debt, less current portion	(1,134		)
Deferred income tax liabilities	(157		)
Total identifiable net assets	35,549
Goodwill	52,658
Total fair value	$	88,207

Other material non-recurring adjustments

Other material non-recurring adjustments are reflected in the pro forma and described below:



	Three months ended September 30, 2017
($ in thousands, except per share data)	Three months ended September 30, 2017
Revenue	$	30,889
Net loss attributable to USAT	(2,020		)
Net loss attributable to USAT common shares	$	(2,354	)
Net loss per share:
Basic	$	(0.04	)
Diluted	$	(0.04	)
Weighted average number of common shares outstanding:
Basic	53,548,814
Diluted	53,548,814

REVENUE (Tables)

3 Months Ended

Sep. 30, 2018

Revenue from Contract with Customer [Abstract]

Schedule of adoption of ASC 606

The effect of adoption of this new guidance on the Condensed Consolidated Balance Sheet as of July 1, 2018 was to increase prepaid expenses and other current assets, other assets, and deferred revenue, with an offsetting decrease in the opening accumulated deficit, as follows:



	June 30, 2018					July 1, 2018
($ in thousands)	As Reported			Adjustment		Revised

ASSETS
Prepaid expenses and other current assets	$	929		$	251	$	1,180
Other assets	720			1,254		1,974
LIABILITIES
Deferred revenue	511			1,127		1,638
SHAREHOLDERS' EQUITY
Accumulated deficit	(232,748		)	376		(232,372		)



	September 30, 2018						September 30, 2018
($ in thousands)	As Reported			Adjustment			Under Legacy Guidance

BALANCE SHEET
Prepaid expenses and other current assets	$	1,463		$	(253	)	$	1,210
Other assets	1,900			(1,264		)	636
Deferred revenue	1,428			(1,116		)	312
Accumulated deficit	(238,692		)	(400		)	(239,092		)
STATEMENT OF OPERATIONS
License and transaction fees	28,971			(11		)	28,960
Selling, general and administrative	9,450			12			9,462
Net loss	(6,320		)	(23		)	(6,343		)

Performance obligations

The following table reflects the estimated fees to be recognized in the future related to performance obligations that are unsatisfied at the end of the period:



($ in thousands)	As of September 30, 2018

2020	7,551
2021	9,256
2022	7,443
2023	5,887
2024 and thereafter	3,629
Total	$	33,766

Contract liability

The Company’s contract liability (i.e., deferred revenue) balances are as follows:



	Three months ended September 30,
($ in thousands)	2018

Deferred revenue, beginning of the period	$	511
Plus: adjustment for adoption of ASC 606	1,127
Deferred revenue, beginning of the period, as adjusted	1,638
Deferred revenue, end of the period	1,428
Revenue recognized in the period from amounts included in deferred revenue at the beginning of the period	156

RESTRUCTURING/INTEGRATION COSTS (Tables)

3 Months Ended

Sep. 30, 2018

Restructuring and Related Activities [Abstract]

Schedule of restructuring reserve and workforce reduction activities

The following table summarizes the Company’s severance activity for the three months ended September 30, 2018:



($ in thousands)	Workforce reduction
Balance at July 1, 2018	$	1,019
Plus: additions	137
Less: cash payments	(301		)
Balance at September 30, 2018	$	855

FINANCE RECEIVABLES (Tables)

3 Months Ended

Sep. 30, 2018

Receivables [Abstract]

Schedule of finance receivables

Finance receivables consist of the following:



($ in thousands)	September 30, 2018		June 30, 2018
Finance receivables, net	$	5,141	$	4,603
Finance receivables due after one year	12,770		13,246
Total finance receivables, less allowance of $7 and $12, respectively	$	17,911	$	17,849

Schedule of credit quality indicators

At September 30, 2018 and June 30, 2018, credit quality indicators consisted of the following:



($ in thousands)	September 30, 2018		June 30, 2018
Performing	$	17,911	$	17,849
Nonperforming	7		12
Total	$	17,918	$	17,861

Schedule of age analysis of past due finance receivables



Age Analysis of Past Due Finance Receivables
As of September 30, 2018
($ in thousands)	Current		30 and Under Days Past Due		31 – 60 Days Past Due		61 – 90 Days Past Due		Greater than 90 Days Past Due		Total Finance Receivables
QuickStart Leases	$	17,465	$	126	$	44	$	102	$	181	$	17,918



Age Analysis of Past Due Finance Receivables
As of June 30, 2018
($ in thousands)	Current		30 and Under Days Past Due		31 – 60 Days Past Due		61 – 90 Days Past Due		Greater than 90 Days Past Due		Total Finance Receivables
QuickStart Leases	$	17,609	$	56	$	7	$	56	$	133	$	17,861

EARNINGS (LOSS) PER SHARE (Tables)

3 Months Ended

Sep. 30, 2018

Earnings Per Share [Abstract]

Schedule of basic earnings per share and diluted earnings per share

The calculation of basic earnings (loss) per share (“EPS”) and diluted EPS are presented below:



	Three months ended September 30,
($ in thousands, except per share data)	2018			2017

Numerator for basic and diluted loss per share
Net loss	$	(6,320	)	$	(2,171	)
Preferred dividends	(334		)	(334		)
Net loss available to common shareholders	$	(6,654	)	$	(2,505	)

Denominator for basic loss per share - Weighted average shares outstanding	60,053,912			47,573,364
Effect of dilutive potential common shares	—			—
Denominator for diluted loss per share - Adjusted weighted average shares outstanding	60,053,912			47,573,364

Basic loss per share	$	(0.11	)	$	(0.05	)
Diluted loss per share	$	(0.11	)	$	(0.05	)

GOODWILL AND INTANGIBLES (Tables)

3 Months Ended

Sep. 30, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of intangible asset balances

Intangible asset balances and goodwill consisted of the following:



	As of September 30, 2018
($ in thousands)	Gross		Accumulated Amortization			Net		Amortization Period
Intangible assets:
Non-compete agreements	$	2	$	(2	)	$	—	2 years
Brand and tradenames	1,695		(291		)	1,404		3 - 7 years
Developed technology	10,939		(1,882		)	9,057		5 - 6 years
Customer relationships	19,049		(977		)	18,072		10 - 18 years
Total intangible assets	$	31,685	$	(3,152	)	$	28,533

Goodwill	64,149		—			64,149		Indefinite

Total intangible assets & goodwill	$	95,834	$	(3,152	)	$	92,682



	As of June 30, 2018
($ in thousands)	Gross		Accumulated Amortization			Net		Amortization Period
Intangible assets:
Non-compete agreements	$	2	$	(2	)	$	—	2 years
Brand	1,695		(226		)	1,469		3 - 7 years
Developed technology	10,939		(1,421		)	9,518		5 - 6 years
Customer relationships	19,049		(711		)	18,338		10 - 18 years
Total intangible assets	$	31,685	$	(2,360	)	$	29,325

Goodwill	64,149		—			64,149		Indefinite

Total intangible assets & goodwill	$	95,834	$	(2,360	)	$	93,474

DEBT AND OTHER FINANCING ARRANGEMENTS (Tables)

3 Months Ended

Sep. 30, 2018

Debt Disclosure [Abstract]

Schedule of long-term debt instruments

The Company's debt and other financing arrangements as of September 30, 2018 and June 30, 2018 consisted of the following:



	As of September 30,			As of June 30,
($ in thousands)	2018			2018

Revolving Credit Facility	$	10,000		$	10,000
Term Loan	22,708			23,333
Other	2,355			2,689
Less: unamortized issuance costs	(242		)	(256		)
Total	34,821			35,766
Less: debt and other financing arrangements, current	(33,889		)	(34,639		)
Debt and other financing arrangements, noncurrent	$	932		$	1,127

Details of interest expense presented on the Condensed Consolidated Statements of Operations are as follows:



	Three months ended September 30,
($ in thousands)	2018		2017
Heritage Line of Credit	$	—	$	133
Revolving Credit Facility	175		—
Term Loan	350		—
Other interest expense	261		340
Total interest expense	$	786	$	473

- Definition

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

+ References

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

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
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-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
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-Topic 505
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
-Topic 505
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-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

EQUITY (Tables)

3 Months Ended

Sep. 30, 2018

Equity [Abstract]

Schedule of stock option granted weighted average assumptions

The fair value of options granted during the three months ended September 30, 2018 and 2017 was determined using the following assumptions:



	Three months ended September 30,
	2018			2017
Expected volatility (percent)	58.4		%	50.2 - 50.9%
Expected life (years)	4.5			4.0 - 4.5
Expected dividends	0.0		%	0.0		%
Risk-free interest rate (percent)	2.91		%	1.64 - 1.72%
Number of options granted	400,000			179,047
Weighted average exercise price	$	8.75		$	5.66
Weighted average grant date fair value	$	4.37		$	2.42

Schedule of stock based compensation related to the LTI plans

Stock based compensation related to the LTI plans was as follows in the three months ended September 30, 2018 and 2017:



	Three months ended September 30,
($ in thousands)	2018		2017
FY18 LTI Plan	$	30	$	50
FY17 LTI Plan	26		64
FY16 LTI Plan	—		9
Total	$	56	$	123

RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS - Condensed Consolidated Statements of Operation Impact of Adjustment (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue	$ 33,522	$ 25,259
Costs of sales	23,412	19,078
Gross profit	10,110	6,181
Operating loss	(5,921)	(1,750)
Loss before income taxes	$ (6,302)	(2,143)
Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue		(358)
Costs of sales		662
Gross profit		(1,020)
Operating loss		(1,198)
Loss before income taxes		(1,462)
Adjustments \| Audit Committee Investigation-related Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue		(411)
Costs of sales		165
Gross profit		(576)
Operating loss		(576)
Loss before income taxes		(576)
Adjustments \| Significant Account and Transaction Review and Other
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue		53
Costs of sales		497
Gross profit		(444)
Operating loss		(622)
Loss before income taxes		$ (886)

RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS - Condensed Consolidated Balance Sheet Impact of Adjustments (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Jul. 01, 2018	Jun. 30, 2018	Sep. 30, 2017
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Accounts receivable	$ 18,921		$ 15,748	$ 9,815
Finance receivables, net	5,141		4,603	1,441
Inventory, net	6,915		8,038	8,876
Prepaid expenses and other current assets	1,463	$ 1,180	929	1,056
Other assets	1,900	1,974	720	289
Property and equipment, net	9,778		11,273	10,701
Accounts payable	19,335		30,468	14,506
Accrued expenses	21,848		19,291	12,217
Capital lease obligations and current obligations under long-term debt	33,889		34,639	2,628
Deferred revenue	1,428	$ 1,638	511	439
Deferred gain from sale-leaseback transactions				0
Deferred gain from sale-leaseback transactions, less current portion				0
Common stock	$ 375,806		$ 375,436
Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Accounts receivable				(473)
Finance receivables, net				(1,641)
Inventory, net				636
Prepaid expenses and other current assets				(66)
Other assets				(461)
Property and equipment, net				(1,149)
Accounts payable				295
Accrued expenses				8,422
Capital lease obligations and current obligations under long-term debt				(21)
Deferred revenue				439
Deferred gain from sale-leaseback transactions				(197)
Deferred gain from sale-leaseback transactions, less current portion				(99)
Adjustments \| Audit Committee Investigation-related Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Accounts receivable				(315)
Finance receivables, net				(1,640)
Inventory, net				941
Prepaid expenses and other current assets				25
Other assets				82
Accounts payable				270
Accrued expenses				803
Adjustments \| Significant Account and Transaction Review and Other
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Accounts receivable				77
Inventory, net				(305)
Prepaid expenses and other current assets				(136)
Other assets				(543)
Property and equipment, net				(1,149)
Accounts payable				25
Accrued expenses				8,319
Capital lease obligations and current obligations under long-term debt				(21)
Deferred revenue				(27)
Deferred gain from sale-leaseback transactions				(198)
Deferred gain from sale-leaseback transactions, less current portion				(99)
Common stock				$ (166)

RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS - Restated Condensed Consolidated Balance Sheet (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Jul. 01, 2018	Jun. 30, 2018	Sep. 30, 2017	Jun. 30, 2017
Current assets:
Cash and cash equivalents	$ 68,262		$ 83,964	$ 51,870
Accounts receivable	18,921		15,748	9,815
Finance receivables, net	5,141		4,603	1,441
Inventory, net	6,915		8,038	8,876
Prepaid expenses and other current assets	1,463	$ 1,180	929	1,056
Total current assets	100,702		113,282	73,058
Non-current assets:
Finance receivables due after one year	12,770		13,246	7,742
Other assets	1,900	1,974	720	289
Property and equipment, net	9,778		11,273	10,701
Deferred income taxes				0
Intangibles, net	28,533		29,325	578
Goodwill	64,149		64,149	11,492
Total non-current assets	117,130		118,713	30,802
Total assets	217,832		231,995	103,860
Current liabilities:
Accounts payable	19,335		30,468	14,506
Accrued expenses	21,848		19,291	12,217
Line of credit, net				7,051
Capital lease obligations and current obligations under long-term debt	33,889		34,639	2,628
Income taxes payable	11		0	0
Deferred revenue	1,428	1,638	511	439
Deferred gain from sale-leaseback transactions				0
Total current liabilities	76,511		84,909	36,841
Long-term liabilities:
Deferred income taxes	71		67	109
Capital lease obligations and long-term debt, less current portion	932		1,127	1,049
Accrued expenses, less current portion	66		66	62
Deferred gain from sale-leaseback transactions, less current portion				0
Total long-term liabilities	1,069		1,260	1,220
Total liabilities	77,580		86,169	38,061
Commitments and contingencies
Series A convertible preferred stock, 900,000 shares authorized, 445,063 issued and outstanding, with liquidation preference of $19,109 at September 30, 2017	3,138		3,138	3,138
Shareholders’ equity:
Preferred stock	0		0	0
Common stock, no par value, 640,000,000 shares authorized, 50,194,731 shares issued and outstanding at September 30, 2017				286,296
Accumulated deficit	(238,692)	$ (232,372)	(232,748)	(223,635)
Total shareholders’ equity	137,114		142,688	62,661	$ 24,468
Total liabilities, convertible preferred stock and shareholders’ equity	$ 217,832		$ 231,995	103,860
Series A Convertible Preferred Stock
Shareholders’ equity:
Preferred stock				0
As Previously Reported
Current assets:
Cash and cash equivalents				51,870
Accounts receivable				10,288
Finance receivables, net				3,082
Inventory, net				8,240
Prepaid expenses and other current assets				1,122
Total current assets				74,602
Non-current assets:
Finance receivables due after one year				7,742
Other assets				750
Property and equipment, net				11,850
Deferred income taxes				28,205
Intangibles, net				578
Goodwill				11,492
Total non-current assets				60,617
Total assets				135,219
Current liabilities:
Accounts payable				14,211
Accrued expenses				3,795
Line of credit, net				7,051
Capital lease obligations and current obligations under long-term debt				2,649
Income taxes payable				10
Deferred revenue				0
Deferred gain from sale-leaseback transactions				197
Total current liabilities				27,913
Long-term liabilities:
Deferred income taxes				0
Capital lease obligations and long-term debt, less current portion				1,049
Accrued expenses, less current portion				62
Deferred gain from sale-leaseback transactions, less current portion				99
Total long-term liabilities				1,210
Total liabilities				29,123
Commitments and contingencies
Series A convertible preferred stock, 900,000 shares authorized, 445,063 issued and outstanding, with liquidation preference of $19,109 at September 30, 2017				0
Shareholders’ equity:
Preferred stock				0
Common stock, no par value, 640,000,000 shares authorized, 50,194,731 shares issued and outstanding at September 30, 2017				286,463
Accumulated deficit				(183,505)
Total shareholders’ equity				106,096
Total liabilities, convertible preferred stock and shareholders’ equity				135,219
As Previously Reported \| Series A Convertible Preferred Stock
Shareholders’ equity:
Preferred stock				3,138
Adjustments
Current assets:
Cash and cash equivalents				0
Accounts receivable				(473)
Finance receivables, net				(1,641)
Inventory, net				636
Prepaid expenses and other current assets				(66)
Total current assets				(1,544)
Non-current assets:
Finance receivables due after one year				0
Other assets				(461)
Property and equipment, net				(1,149)
Deferred income taxes				(28,205)
Intangibles, net				0
Goodwill				0
Total non-current assets				(29,815)
Total assets				(31,359)
Current liabilities:
Accounts payable				295
Accrued expenses				8,422
Line of credit, net				0
Capital lease obligations and current obligations under long-term debt				(21)
Income taxes payable				(10)
Deferred revenue				439
Deferred gain from sale-leaseback transactions				(197)
Total current liabilities				8,928
Long-term liabilities:
Deferred income taxes				109
Capital lease obligations and long-term debt, less current portion				0
Accrued expenses, less current portion				0
Deferred gain from sale-leaseback transactions, less current portion				(99)
Total long-term liabilities				10
Total liabilities				8,938
Commitments and contingencies
Series A convertible preferred stock, 900,000 shares authorized, 445,063 issued and outstanding, with liquidation preference of $19,109 at September 30, 2017				3,138
Shareholders’ equity:
Preferred stock				0
Common stock, no par value, 640,000,000 shares authorized, 50,194,731 shares issued and outstanding at September 30, 2017				(167)
Accumulated deficit				(40,130)
Total shareholders’ equity				(43,435)
Total liabilities, convertible preferred stock and shareholders’ equity				(31,359)
Adjustments \| Series A Convertible Preferred Stock
Shareholders’ equity:
Preferred stock				$ (3,138)

RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS - Restated Condensed Consolidated Balance Sheet - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	Sep. 30, 2018	Jun. 30, 2018	Sep. 30, 2017
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Convertible preferred stock, shares authorized	900,000	900,000	900,000
Convertible preferred stock, shares issued	445,063	445,063	445,063
Convertible preferred stock, shares outstanding	445,063	445,063	445,063
Convertible preferred stock, liquidation preference	$ 19,777	$ 19,443	$ 19,109
Preferred stock, par value (in dollars per share)			$ 0
Preferred stock, shares authorized	1,800,000	1,800,000	1,800,000
Preferred stock, shares issued	0	0	0
Common stock, par value (in dollars per share)			$ 0
Common stock, shares authorized	640,000,000	640,000,000	640,000,000
Common stock, shares issued	60,012,155	59,998,811	50,194,731
Common stock, shares outstanding	60,012,155	59,998,811	50,194,731
Series A Convertible Preferred Stock
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Preferred stock, shares authorized			900,000
Preferred stock, shares issued			445,063
Preferred stock, shares outstanding			445,063
Preferred stock, liquidation preference			$ 19,109

RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS - Restated Condensed Consolidated Statements of Operations (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Revenue	$ 33,522	$ 25,259
Costs of sales	23,412	19,078
Gross profit	10,110	6,181
Operating expenses:
Selling, general and administrative	9,450	6,924
Integration and acquisition costs	922	762
Depreciation and amortization	1,133	245
Total operating expenses	16,031	7,931
Operating loss	(5,921)	(1,750)
Other income (expense):
Interest income	405	80
Interest expense	(786)	(473)
Total other expense, net	(381)	(393)
Loss before income taxes	(6,302)	(2,143)
Benefit (provision) for income taxes	(18)	(28)
Net loss	(6,320)	(2,171)
Preferred dividends	(334)	(334)
Net loss applicable to common shares	$ (6,654)	$ (2,505)
Net loss per common share
Basic (in USD per share)	$ (0.11)	$ (0.05)
Diluted (in USD per share)	$ (0.11)	$ (0.05)
Weighted average number of common shares outstanding
Basic (in shares)	60,053,912	47,573,364
Diluted (in shares)	60,053,912	47,573,364
Service
Revenue	$ 28,971	$ 19,397
Costs of sales	18,544	13,247
Product
Revenue	4,551	5,862
Costs of sales	$ 4,868	5,831
As Previously Reported
Revenue		25,617
Costs of sales		18,416
Gross profit		7,201
Operating expenses:
Selling, general and administrative		6,746
Integration and acquisition costs		762
Depreciation and amortization		245
Total operating expenses		7,753
Operating loss		(552)
Other income (expense):
Interest income		80
Interest expense		(209)
Total other expense, net		(129)
Loss before income taxes		(681)
Benefit (provision) for income taxes		468
Net loss		(213)
Preferred dividends		(334)
Net loss applicable to common shares		$ (547)
Net loss per common share
Basic (in USD per share)		$ (0.01)
Diluted (in USD per share)		$ (0.01)
Weighted average number of common shares outstanding
Basic (in shares)		47,573,364
Diluted (in shares)		47,573,364
As Previously Reported \| Service
Revenue		$ 19,944
Costs of sales		13,326
As Previously Reported \| Product
Revenue		5,673
Costs of sales		5,090
Adjustments
Revenue		(358)
Costs of sales		662
Gross profit		(1,020)
Operating expenses:
Selling, general and administrative		178
Integration and acquisition costs		0
Depreciation and amortization		0
Total operating expenses		178
Operating loss		(1,198)
Other income (expense):
Interest income		0
Interest expense		(264)
Total other expense, net		(264)
Loss before income taxes		(1,462)
Benefit (provision) for income taxes		(496)
Net loss		(1,958)
Preferred dividends		0
Net loss applicable to common shares		$ (1,958)
Net loss per common share
Basic (in USD per share)		$ (0.04)
Diluted (in USD per share)		$ (0.04)
Weighted average number of common shares outstanding
Basic (in shares)		0
Diluted (in shares)		0
Adjustments \| Service
Revenue		$ (547)
Costs of sales		(79)
Adjustments \| Product
Revenue		189
Costs of sales		$ 741

RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS - Restated Condensed Consolidated Statement of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
OPERATING ACTIVITIES:
Net loss	$ (6,320)	$ (2,171)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Non-cash stock-based compensation	415	409
(Gain) loss on disposal of property and equipment	7	(18)
Non-cash interest and amortization of debt discount	22	17
Bad debt expense	509	168
Provision for inventory reserve	212	221
Depreciation and amortization	2,147	1,370
Excess tax benefits	0	67
Deferred income taxes	4	16
Recognition of deferred gain from sale-leaseback transactions		0
Changes in operating assets and liabilities:
Accounts receivable	(3,678)	(3,149)
Finance receivables, net	(63)	9,168
Inventory, net	1,707	(3,900)
Prepaid expenses and other current assets	(220)	(103)
Accounts payable and accrued expenses	(8,665)	(1,490)
Deferred revenue	(210)	171
Income taxes payable	11	(55)
Net cash (used in) provided by operating activities	(14,122)	721
INVESTING ACTIVITIES:
Purchase of property and equipment, including rentals	(693)	(720)
Proceeds from sale of property and equipment	30	45
Net cash used in investing activities	(663)	(675)
FINANCING ACTIVITIES:
Issuance of common stock in public offering, net	0	39,888
Repayment of capital lease obligations and long-term debt		(809)
Net cash (used in) provided by financing activities	(917)	39,079
Net (decrease) increase in cash and cash equivalents	(15,702)	39,125
Cash and cash equivalents at beginning of year	83,964	12,745
Cash and cash equivalents at end of period	$ 68,262	51,870
As Previously Reported
OPERATING ACTIVITIES:
Net loss		(213)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Non-cash stock-based compensation		576
(Gain) loss on disposal of property and equipment		(18)
Non-cash interest and amortization of debt discount		15
Bad debt expense		118
Provision for inventory reserve		0
Depreciation and amortization		1,492
Excess tax benefits		67
Deferred income taxes		(535)
Recognition of deferred gain from sale-leaseback transactions		(43)
Changes in operating assets and liabilities:
Accounts receivable		(3,192)
Finance receivables, net		8,771
Inventory, net		(3,648)
Prepaid expenses and other current assets		(217)
Accounts payable and accrued expenses		(2,168)
Deferred revenue		0
Income taxes payable		0
Net cash (used in) provided by operating activities		1,005
INVESTING ACTIVITIES:
Purchase of property and equipment, including rentals		(992)
Proceeds from sale of property and equipment		45
Net cash used in investing activities		(947)
FINANCING ACTIVITIES:
Issuance of common stock in public offering, net		39,888
Repayment of capital lease obligations and long-term debt		(821)
Net cash (used in) provided by financing activities		39,067
Net (decrease) increase in cash and cash equivalents		39,125
Cash and cash equivalents at beginning of year		12,745
Cash and cash equivalents at end of period		51,870
Adjustments
OPERATING ACTIVITIES:
Net loss		(1,958)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Non-cash stock-based compensation		(167)
(Gain) loss on disposal of property and equipment		0
Non-cash interest and amortization of debt discount		2
Bad debt expense		50
Provision for inventory reserve		221
Depreciation and amortization		(122)
Excess tax benefits		0
Deferred income taxes		551
Recognition of deferred gain from sale-leaseback transactions		43
Changes in operating assets and liabilities:
Accounts receivable		43
Finance receivables, net		397
Inventory, net		(252)
Prepaid expenses and other current assets		114
Accounts payable and accrued expenses		678
Deferred revenue		171
Income taxes payable		(55)
Net cash (used in) provided by operating activities		(284)
INVESTING ACTIVITIES:
Purchase of property and equipment, including rentals		272
Proceeds from sale of property and equipment		0
Net cash used in investing activities		272
FINANCING ACTIVITIES:
Issuance of common stock in public offering, net		0
Repayment of capital lease obligations and long-term debt		12
Net cash (used in) provided by financing activities		12
Net (decrease) increase in cash and cash equivalents		0
Cash and cash equivalents at beginning of year		0
Cash and cash equivalents at end of period		$ 0

ACCOUNTING POLICIES (Details) - USD ($) $ in Thousands		3 Months Ended		12 Months Ended
ACCOUNTING POLICIES (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Jun. 30, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Excess tax benefits		$ 18	$ 28
Accounting standards update 2016-09
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Excess tax benefits	$ 67			$ 31

ACQUISITION OF CANTALOUPE SYSTEMS, INC. - Additional Information (Details) - USD ($) $ in Thousands		3 Months Ended		12 Months Ended
	Nov. 09, 2017	Sep. 30, 2018	Sep. 30, 2017	Jun. 30, 2018
Business Acquisition [Line Items]
Outstanding amount		$ 10,000		$ 10,000
Goodwill		$ 64,149	$ 11,492	$ 64,149
Customer Relationships \| Minimum
Business Acquisition [Line Items]
Amortization period		10 years		10 years
Customer Relationships \| Maximum
Business Acquisition [Line Items]
Amortization period		18 years		18 years
Cantaloupe
Business Acquisition [Line Items]
Total consideration	$ 88,207
Borrowing under line of credit	27,800
Intangible assets	$ 30,800
Weighted average useful life	13 years
Goodwill	$ 52,658
Cantaloupe \| Minimum
Business Acquisition [Line Items]
Amortization period	6 years
Cantaloupe \| Maximum
Business Acquisition [Line Items]
Amortization period	18 years
Cantaloupe \| Customer Relationships
Business Acquisition [Line Items]
Intangible assets	$ 18,900
Cantaloupe \| Developed Technology Rights
Business Acquisition [Line Items]
Intangible assets	10,300
Cantaloupe \| Trade Names
Business Acquisition [Line Items]
Intangible assets	1,600
Term Loan
Business Acquisition [Line Items]
Borrowing under line of credit	25,000
Revolving Credit Facility
Business Acquisition [Line Items]
Borrowing under line of credit	35,000
Outstanding amount	$ 10,000
Adjustment To Unaudited Proforma Earnings \| Cantaloupe
Business Acquisition [Line Items]
Integration and acquisition costs			$ 800

ACQUISITION OF CANTALOUPE SYSTEMS, INC. - Fair Value of the Purchase Price Consideration (Details) - USD ($) $ in Thousands			3 Months Ended
	Nov. 09, 2017	Nov. 06, 2017	Mar. 31, 2018
Business Acquisition [Line Items]
USAT shares issued as stock consideration (As Restated)		$ 23,300
Cantaloupe
Business Acquisition [Line Items]
Cash consideration, net of cash acquired	$ 65,181
USAT shares issued as stock consideration (As Restated)	23,279
Post-closing adjustment for working capital	(253)		$ (300)
Total consideration (As Restated)	$ 88,207

ACQUISITION OF CANTALOUPE SYSTEMS, INC. - Fair Value of the Total Considerations Transferred (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Jun. 30, 2018	Nov. 09, 2017	Sep. 30, 2017
Business Acquisition [Line Items]
Goodwill	$ 64,149	$ 64,149		$ 11,492
Cantaloupe
Business Acquisition [Line Items]
Accounts receivable			$ 2,921
Finance receivables			1,480
Inventory			282
Prepaid expense and other current assets			646
Finance receivables due after one year			3,603
Other assets			50
Property and equipment			2,234
Intangibles			30,800
Total assets acquired			42,016
Accounts payable			(1,591)
Accrued expenses			(2,401)
Deferred revenue			(518)
Capital lease obligations and current obligations under long-term debt			(666)
Capital lease obligations and long-term debt, less current portion			(1,134)
Deferred income tax liabilities			(157)
Total identifiable net assets			35,549
Goodwill			52,658
Total fair value			$ 88,207

ACQUISITION OF CANTALOUPE SYSTEMS, INC. - Pro Forma Nonrecurring Adjustments (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Weighted average number of common shares outstanding:
Basic (in shares)	60,053,912	47,573,364
Diluted (in shares)	60,053,912	47,573,364
Cantaloupe
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Revenue		$ 30,889
Net loss attributable to USAT		(2,020)
Net loss attributable to USAT common shares		$ (2,354)
Net loss per share:
Basic (in dollars per share)		$ (0.04)
Diluted (in dollars per share)		$ (0.04)
Weighted average number of common shares outstanding:
Basic (in shares)		53,548,814
Diluted (in shares)		53,548,814

REVENUE - Adoption of ASC 606 Affect Prior Year (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Jul. 01, 2018	Jun. 30, 2018	Sep. 30, 2017
ASSETS
Prepaid expenses and other current assets	$ 1,463	$ 1,180	$ 929	$ 1,056
Other assets	1,900	1,974	720	289
LIABILITIES
Deferred revenue	1,428	1,638	511	439
SHAREHOLDERS' EQUITY
Accumulated deficit	(238,692)	(232,372)	(232,748)	$ (223,635)
As Reported
ASSETS
Prepaid expenses and other current assets	1,210		929
Other assets	636		720
LIABILITIES
Deferred revenue	312		511
SHAREHOLDERS' EQUITY
Accumulated deficit	(239,092)		$ (232,748)
Adjustment \| ASC 606
ASSETS
Prepaid expenses and other current assets	(253)	251
Other assets	(1,264)	1,254
LIABILITIES
Deferred revenue	(1,116)	1,127
SHAREHOLDERS' EQUITY
Accumulated deficit	$ (400)	$ 376

REVENUE - Adoption of ASC 606 Current Year (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Jul. 01, 2018	Jun. 30, 2018
BALANCE SHEET
Prepaid expenses and other current assets	$ 1,463	$ 1,056	$ 1,180	$ 929
Other assets	1,900	289	1,974	720
Deferred revenue	1,428	439	1,638	511
Accumulated deficit	(238,692)	(223,635)	(232,372)	(232,748)
STATEMENT OF OPERATIONS
License and transaction fees	33,522	25,259
Selling, general and administrative	9,450	6,924
Net loss	(6,320)	(2,171)
Under Legacy Guidance
BALANCE SHEET
Prepaid expenses and other current assets	1,210			929
Other assets	636			720
Deferred revenue	312			511
Accumulated deficit	(239,092)			$ (232,748)
STATEMENT OF OPERATIONS
Selling, general and administrative	9,462
Net loss	(6,343)
Service
STATEMENT OF OPERATIONS
License and transaction fees	28,971	$ 19,397
Service \| Under Legacy Guidance
STATEMENT OF OPERATIONS
License and transaction fees	28,960
ASC 606 \| Adjustment
BALANCE SHEET
Prepaid expenses and other current assets	(253)		251
Other assets	(1,264)		1,254
Deferred revenue	(1,116)		1,127
Accumulated deficit	(400)		$ 376
STATEMENT OF OPERATIONS
Selling, general and administrative	12
Net loss	(23)
ASC 606 \| Service \| Adjustment
STATEMENT OF OPERATIONS
License and transaction fees	$ (11)

REVENUE - Additional Information (Details) $ in Millions	3 Months Ended
REVENUE - Additional Information (Details) $ in Millions	Sep. 30, 2018 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Amortization of capitalized contract costs	$ 0.1
Minimum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, contractual term	36 months
Maximum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, contractual term	60 months
Other Current Assets
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Capitalized contract costs	$ 0.3
Other Noncurrent Assets
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Capitalized contract costs	$ 1.3

REVENUE - Performance Obligations (Details) $ in Thousands	Sep. 30, 2018 USD ($)
Revenue from Contract with Customer [Abstract]
Performance obligation	$ 33,766
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-07-01
Revenue from Contract with Customer [Abstract]
Performance obligation	$ 7,551
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, expected timing of satisfaction	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-07-01
Revenue from Contract with Customer [Abstract]
Performance obligation	$ 9,256
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, expected timing of satisfaction	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-07-01
Revenue from Contract with Customer [Abstract]
Performance obligation	$ 7,443
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, expected timing of satisfaction	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01
Revenue from Contract with Customer [Abstract]
Performance obligation	$ 5,887
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, expected timing of satisfaction	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01
Revenue from Contract with Customer [Abstract]
Performance obligation	$ 3,629
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, expected timing of satisfaction

REVENUE - Contract Liability (Details) $ in Thousands	3 Months Ended
REVENUE - Contract Liability (Details) $ in Thousands	Sep. 30, 2018 USD ($)
Increase (Decrease) In Contract with Customer, Liability [Roll Forward]
Deferred revenue, beginning of the period	$ 511
Deferred revenue, end of the period	1,428
Revenue recognized in the period from amounts included in deferred revenue at the beginning of the period	156
Under Legacy Guidance
Increase (Decrease) In Contract with Customer, Liability [Roll Forward]
Deferred revenue, beginning of the period	511
Deferred revenue, end of the period	312
ASC 606 \| Adjustment
Increase (Decrease) In Contract with Customer, Liability [Roll Forward]
Deferred revenue, end of the period	$ (1,116)

RESTRUCTURING/INTEGRATION COSTS - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2018	Jun. 30, 2018
Restructuring and Related Activities [Abstract]
Restructuring charges	$ 137	$ 2,100

RESTRUCTURING/INTEGRATION COSTS - Workforce Reduction Activity (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2018	Jun. 30, 2018
Restructuring Reserve [Roll Forward]
Balance at July 1, 2018	$ 1,019
Plus: additions	137	$ 2,100
Less: cash payments	(301)
Balance at September 30, 2018	$ 855	$ 1,019

FINANCE RECEIVABLES - Information Regarding Finance Receivables (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Jun. 30, 2018	Sep. 30, 2017
Receivables [Abstract]
Finance receivables, net	$ 5,141	$ 4,603	$ 1,441
Finance receivables due after one year	12,770	13,246	$ 7,742
Total finance receivables, less allowance of $7 and $12, respectively	17,911	17,849
Financing receivable, allowance	$ 7	$ 12

FINANCE RECEIVABLES - Credit Risk Profile Based on Payment Activity (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Jun. 30, 2018
Financing Receivable, Credit Quality Indicator [Line Items]
Total finance receivables, gross	$ 17,918	$ 17,861
Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total finance receivables, gross	17,911	17,849
Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Total finance receivables, gross	$ 7	$ 12

FINANCE RECEIVABLES - Age Analysis of Past Due Finance Receivables (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Jun. 30, 2018
Financing Receivable, Past Due [Line Items]
Total finance receivables, less allowance of $7 and $12, respectively	$ 17,918	$ 17,861
QuickStart Leases
Financing Receivable, Past Due [Line Items]
Finance receivables, current	17,465	17,609
QuickStart Leases \| 30 and Under Days Past Due
Financing Receivable, Past Due [Line Items]
Finance receivables, past due	126	56
QuickStart Leases \| 31 – 60 Days Past Due
Financing Receivable, Past Due [Line Items]
Finance receivables, past due	44	7
QuickStart Leases \| 61 – 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Finance receivables, past due	102	56
QuickStart Leases \| Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Finance receivables, past due	$ 181	$ 133

EARNINGS (LOSS) PER SHARE - Calculation of Earning Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Numerator for basic and diluted loss per share
Net loss	$ (6,320)	$ (2,171)
Preferred dividends	(334)	(334)
Net loss applicable to common shares	$ (6,654)	$ (2,505)
Denominator for basic loss per share - Weighted average shares outstanding (in shares)	60,053,912	47,573,364
Effect of dilutive potential common shares (in shares)	0	0
Denominator for diluted loss per share - Adjusted weighted average shares outstanding (in shares)	60,053,912	47,573,364
Basic loss per share (in dollars per share)	$ (0.11)	$ (0.05)
Diluted loss per share (in dollars per share)	$ (0.11)	$ (0.05)

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
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-Paragraph 1
-Subparagraph (SX 210.7-04(19))
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-Name Accounting Standards Codification
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+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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+ Details

- Definition

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

+ References + Details

EARNINGS (LOSS) PER SHARE - Additional Information (Details) - shares	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Earnings Per Share [Abstract]
Antidilutive shares excluded from the calculation of diluted earnings per shares	1,420,301	1,206,471

GOODWILL AND INTANGIBLES - Summary of Amortizable Intangible Asset (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2018	Jun. 30, 2018	Sep. 30, 2017
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross	$ 31,685	$ 31,685
Intangible Assets, Accumulated Amortization	(3,152)	(2,360)
Intangible Assets, Net	28,533	29,325
Goodwill, Gross	64,149	64,149
Goodwill, Net	64,149	64,149	$ 11,492
Intangible Assets, Net (Including Goodwill) [Abstract]
Total intangible assets & goodwill, gross	95,834	95,834
Total intangible assets & goodwill, net	92,682	93,474
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross	2	2
Intangible Assets, Accumulated Amortization	(2)	(2)
Intangible Assets, Net	$ 0	$ 0
Amortization Period	2 years	2 years
Brand and tradenames
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross	$ 1,695
Intangible Assets, Accumulated Amortization	(291)
Intangible Assets, Net	$ 1,404
Brand and tradenames \| Minimum
Finite-Lived Intangible Assets [Line Items]
Amortization Period	3 years
Brand and tradenames \| Maximum
Finite-Lived Intangible Assets [Line Items]
Amortization Period	7 years
Brand
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross		$ 1,695
Intangible Assets, Accumulated Amortization		(226)
Intangible Assets, Net		$ 1,469
Brand \| Minimum
Finite-Lived Intangible Assets [Line Items]
Amortization Period		3 years
Brand \| Maximum
Finite-Lived Intangible Assets [Line Items]
Amortization Period		7 years
Developed technology
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross	$ 10,939	$ 10,939
Intangible Assets, Accumulated Amortization	(1,882)	(1,421)
Intangible Assets, Net	$ 9,057	$ 9,518
Developed technology \| Minimum
Finite-Lived Intangible Assets [Line Items]
Amortization Period	5 years	5 years
Developed technology \| Maximum
Finite-Lived Intangible Assets [Line Items]
Amortization Period	6 years	6 years
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross	$ 19,049	$ 19,049
Intangible Assets, Accumulated Amortization	(977)	(711)
Intangible Assets, Net	$ 18,072	$ 18,338
Customer relationships \| Minimum
Finite-Lived Intangible Assets [Line Items]
Amortization Period	10 years	10 years
Customer relationships \| Maximum
Finite-Lived Intangible Assets [Line Items]
Amortization Period	18 years	18 years

GOODWILL AND INTANGIBLES - Additional Information (Details) - USD ($) $ in Thousands		3 Months Ended
	Nov. 09, 2017	Sep. 30, 2018	Mar. 31, 2018	Sep. 30, 2017
Business Acquisition [Line Items]
Amortization expense of acquired intangible assets		$ 800		$ 44
Cantaloupe
Business Acquisition [Line Items]
Post-closing adjustment for working capital	$ 253		$ 300

DEBT AND OTHER FINANCING ARRANGEMENTS - Schedule of Long-term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Jun. 30, 2018	Sep. 30, 2017
Debt Instrument [Line Items]
Revolving Credit Facility	$ 10,000	$ 10,000
Other	2,355	2,689
Less: unamortized issuance costs	(242)	(256)
Total	34,821	35,766
Less: debt and other financing arrangements, current	(33,889)	(34,639)	$ (2,628)
Debt and other financing arrangements, noncurrent	932	1,127	$ 1,049
Term Loan
Debt Instrument [Line Items]
Term Loan	$ 22,708	$ 23,333

- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions 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

DEBT AND OTHER FINANCING ARRANGEMENTS - Interest Expense Activity (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Debt Instrument [Line Items]
Interest expense	$ 786	$ 473
Line of Credit \| Heritage Line of Credit
Debt Instrument [Line Items]
Interest expense	0	133
Line of Credit \| Revolving Credit Facility
Debt Instrument [Line Items]
Interest expense	175	0
Term Loan
Debt Instrument [Line Items]
Interest expense	350	0
Other Debt
Debt Instrument [Line Items]
Interest expense	$ 261	$ 340

DEBT AND OTHER FINANCING ARRANGEMENTS - Avidbank Link of Credit (Details) - USD ($)	Jan. 15, 2016	Sep. 30, 2018	Jun. 30, 2018
Term Loan
Debt Instrument [Line Items]
Principal amount		$ 22,708,000	$ 23,333,000
Avidbank \| Line of Credit
Debt Instrument [Line Items]
Maximum limit of amount under line of credit	$ 7,000,000.0
Avidbank \| Line of Credit \| Prime Rate
Debt Instrument [Line Items]
Interest rate	2.00%
Avidbank \| Term Loan
Debt Instrument [Line Items]
Interest rate	5.00%
Principal amount	$ 3,000,000
Avidbank \| Term Loan \| Prime Rate
Debt Instrument [Line Items]
Interest rate	1.75%
Avidbank \| Fifteenth Amendment \| Line of Credit
Debt Instrument [Line Items]
Maximum limit of amount under line of credit	$ 7,500,000

DEBT AND OTHER FINANCING ARRANGEMENTS - Heritage Line of Credit (Details) - USD ($)		1 Months Ended	3 Months Ended
	Nov. 09, 2017	Mar. 31, 2016	Sep. 30, 2018	Sep. 30, 2017
Debt Instrument [Line Items]
Interest expense			$ 786,000	$ 473,000
Heritage Bank of Commerce \| Line of Credit
Debt Instrument [Line Items]
Maximum limit of amount under line of credit		$ 12,000,000.0
Amount outstanding		$ 7,000,000
Interest expense	$ 100,000
Heritage Bank of Commerce \| Line of Credit \| Prime Rate
Debt Instrument [Line Items]
Interest rate		2.25%

DEBT AND OTHER FINANCING ARRANGEMENTS - Revolving Credit Facility and Term Loan (Details) - USD ($) $ in Millions			3 Months Ended
	Sep. 30, 2019	Nov. 09, 2017	Mar. 31, 2019	Sep. 30, 2018
Revolving Credit Facility
Debt Instrument [Line Items]
Borrowing under line of credit		$ 35.0
Term Loan
Debt Instrument [Line Items]
Borrowing under line of credit		25.0
Revolving Credit Facility and Term Loan
Debt Instrument [Line Items]
Extension fee				$ 0.2
Revolving Credit Facility and Term Loan \| Forecast
Debt Instrument [Line Items]
Repayments of debt			$ 20.0
Installment payment			$ 0.6
Cantaloupe
Debt Instrument [Line Items]
Borrowing under line of credit		$ 27.8
Credit Agreement \| Revolving Credit Facility \| LIBOR
Debt Instrument [Line Items]
Interest rate				4.00%
Credit Agreement \| Revolving Credit Facility and Term Loan \| LIBOR
Debt Instrument [Line Items]
Interest rate				4.00%
Credit Agreement \| JP Morgan Chase Bank \| Revolving Credit Facility
Debt Instrument [Line Items]
Debt term		5 years
Borrowing under line of credit		$ 35.0
Maximum limit of amount under line of credit		12.5
Credit Agreement \| JP Morgan Chase Bank \| Term Loan
Debt Instrument [Line Items]
Borrowing under line of credit		25.0
Loan and Security Agreement \| Heritage Bank of Commerce \| Revolving Credit Facility
Debt Instrument [Line Items]
Repayment of revolving credit facility		$ 7.2
Subsequent Event \| Revolving Credit Facility
Debt Instrument [Line Items]
Maximum limit of amount under line of credit	$ 10.0
Subsequent Event \| Term Loan
Debt Instrument [Line Items]
Repayments of debt	$ 1.5

DEBT AND OTHER FINANCING ARRANGEMENTS - Other Long-Term Borrowings (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2018	Jun. 30, 2018	Nov. 09, 2017
Debt Instrument [Line Items]
Capital lease obligations	$ 0.3	$ 0.4
Cantaloupe
Debt Instrument [Line Items]
Long-term debt	$ 1.3	1.4	$ 1.8
Cantaloupe \| Notes due April 2020
Debt Instrument [Line Items]
Percentage of interest rates	5.00%
Long-term debt	$ 0.4	0.4
Cantaloupe \| Notes due September 2021
Debt Instrument [Line Items]
Percentage of interest rates	10.00%
Long-term debt	$ 0.6	0.7
Cantaloupe \| Notes due December 2019
Debt Instrument [Line Items]
Percentage of interest rates	12.00%
Long-term debt	$ 0.2	$ 0.3
Minimum
Debt Instrument [Line Items]
Capital lease obligations term	2 years
Minimum \| Capital Lease Obligations - Office and Network Equipment
Debt Instrument [Line Items]
Percentage of interest rates	5.60%
Maximum
Debt Instrument [Line Items]
Capital lease obligations term	5 years
Maximum \| Capital Lease Obligations - Office and Network Equipment
Debt Instrument [Line Items]
Percentage of interest rates	9.00%

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended
INCOME TAXES (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017
Operating Loss Carryforwards [Line Items]
Provision for income taxes	$ 18	$ 28
Cantaloupe
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 16,300

EQUITY - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	Nov. 06, 2017	Jul. 25, 2017
Class of Warrant or Right [Line Items]
Issuance of common stock as merger consideration (in shares)	3,423,367
Equity issued in connection with Cantaloupe Acquisition, net of post-working capital adjustment for retired shares	$ 23.3
Public Stock Offering
Class of Warrant or Right [Line Items]
Issuance of common stock in relation to public offering (in shares)		9,583,332
Public offering price (in dollars per share)		$ 4.50
Gross proceeds		$ 43.1
Underwriters' Option
Class of Warrant or Right [Line Items]
Underwriters' purchase option (in shares)		1,249,999

EQUITY - Warrants (Details) - $ / shares	Sep. 30, 2018	Jun. 30, 2018
Equity [Abstract]
Warrants outstanding (in shares)	23,978	23,978
Warrants (in USD per share)	$ 5.00	$ 5.00

EQUITY - Stock Options (Details) - Stock options	1 Months Ended			3 Months Ended
EQUITY - Stock Options (Details) - Stock options	Sep. 30, 2018 employee $ / shares shares	Aug. 31, 2017 $ / shares shares	Jul. 31, 2017 employee shares	Sep. 30, 2018 employee shares	Sep. 30, 2017 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option valuation method				Black-Scholes valuation model
Stock options granted \| shares	400,000		135,000	400,000	179,047
Number of employees \| employee	102		11	102
Granted (in USD per share) \| $ / shares	$ 8.75
2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			0.33%
2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			0.33%
2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			0.33%
Chief Executive Officer ("CEO")
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted \| shares		19,047
Granted (in USD per share) \| $ / shares		$ 5.25
Chief Financial Officer ("CFO")
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted \| shares		25,000
Granted (in USD per share) \| $ / shares		$ 5.25
Chief Financial Officer ("CFO") \| 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		0.33%
Chief Financial Officer ("CFO") \| 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		0.33%
Chief Financial Officer ("CFO") \| 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		0.33%

EQUITY - Fair Value of Options (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended		3 Months Ended		9 Months Ended
	Sep. 30, 2018	Jul. 31, 2017	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividends			0.00%	0.00%
Stock-based compensation					$ 56	$ 123
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility (percent)			58.40%
Expected life (years)			4 years 6 months
Risk-free interest rate (percent)			2.91%
Number of options granted	400,000	135,000	400,000	179,047
Weighted average exercise price	$ 8.75		$ 8.75	$ 5.66	$ 8.75	$ 5.66
Weighted average grant date fair value	$ 4.37		$ 4.37	$ 2.42	$ 4.37	$ 2.42
Stock-based compensation			$ 100	$ 100
Stock options \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility (percent)				50.20%
Expected life (years)				4 years
Risk-free interest rate (percent)				1.64%
Stock options \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility (percent)				50.90%
Expected life (years)				4 years 6 months
Risk-free interest rate (percent)				1.72%

EQUITY - Common Stock (Details) - USD ($) $ in Thousands		3 Months Ended
EQUITY - Common Stock (Details) - USD ($) $ in Thousands	Jul. 02, 2018	Sep. 30, 2018	Sep. 30, 2017
Class of Stock [Line Items]
Non-cash stock based compensation		$ 415	$ 409
Common Stock \| Individual Non-employee Director
Class of Stock [Line Items]
Number of shares awarded (in shares)	6,677
Common Stock \| Non Employee Director
Class of Stock [Line Items]
Number of shares awarded (in shares)	40,062
Non-cash stock based compensation		$ 200

EQUITY - Long-Term Incentive Plans (Details) - Long Term Stock Incentive Plan (LTT) - USD ($)	3 Months Ended	12 Months Ended
	Sep. 30, 2018	Jun. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage total number of connections		40.00%
Percentage adjusted EBITDA earned		60.00%
Chief Executive Officer ("CEO")
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Officers compensation		$ 840,000
Percentage of shares awarded on target achievement		160.00%
Chief Financial Officer ("CFO")
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Officers compensation		$ 300,000
Percentage of shares awarded on target achievement		100.00%
Chief Services Officer ("CSO")
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Officers compensation		$ 275,000
Percentage of shares awarded on target achievement		100.00%
Chief Product Officer (CPO)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Officers compensation		$ 280,000
Percentage of shares awarded on target achievement		100.00%
Maximum \| Chief Executive Officer ("CEO")
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Officers compensation		$ 1,260,000
Percentage of shares awarded on target achievement		240.00%
Maximum \| Chief Financial Officer ("CFO")
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Officers compensation		$ 450,000
Percentage of shares awarded on target achievement		150.00%
Maximum \| Chief Services Officer ("CSO")
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Officers compensation		$ 412,500
Percentage of shares awarded on target achievement		150.00%
Maximum \| Chief Product Officer (CPO)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Officers compensation		$ 420,000
Percentage of shares awarded on target achievement		150.00%
2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	0.33%
2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	0.33%
2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	0.33%

EQUITY - Schedule of Long-Term Incentive Plans (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 56	$ 123
FY18 LTI Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	30	50
FY17 LTI Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	26	64
FY16 LTI Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 0	$ 9

COMMITMENTS AND CONTINGENCIES (Details) $ in Thousands	3 Months Ended
COMMITMENTS AND CONTINGENCIES (Details) $ in Thousands	Sep. 30, 2018 USD ($) ft²
Business Acquisition [Line Items]
Area of new premises (in square feet) \| ft²	23,138
Monthly base rent	$ 48
Cantaloupe
Business Acquisition [Line Items]
Area of new premises (in square feet) \| ft²	8,400
Monthly base rent	$ 45
Cantaloupe \| Maximum
Business Acquisition [Line Items]
Monthly base rent	$ 47

Label	Element	Value
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 376,000
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 376,000