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RESTATEMENT AND REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS Condensed Consolidated Statements of Operations (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended					6 Months Ended	9 Months Ended	12 Months Ended	36 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2018	Mar. 31, 2019	Jun. 30, 2019	Jun. 30, 2019
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue	$ 43,359	$ 38,508	$ 37,704	$ 34,486	$ 33,768	$ 68,254	$ 105,958	$ 144,466
Costs of sales	31,943	28,769	27,751	25,051	22,710	47,761	75,512	104,281
Gross profit	11,416	9,739	9,953	9,435	11,058	20,493	30,446	40,185
Operating expenses:
Selling, general and administrative	18,107	15,490	11,156	10,931	9,450	20,381	31,537	47,027
Investigation and restatement expenses	3,565	2,451	1,408	7,188	4,526	11,714	13,122	15,573
Integration and acquisition costs	0	211	24	181	922	1,103	1,127	1,338
Depreciation and amortization	1,022	1,071	1,083	1,143	1,133	2,276	3,359	4,430
Total operating expenses	22,694	19,223	13,671	19,443	16,031	35,474	49,145	68,368
Operating loss	(11,278)	(9,484)	(3,718)	(10,008)	(4,973)	(14,981)	(18,699)	(28,183)
Other income (expense):
Interest income	294	310	348	408	489	897	1,245	1,555
Interest expense	(465)	(474)	(913)	(819)	(786)	(1,605)	(2,518)	(2,992)
Total other income (expense), net	(171)	(164)	(565)	(411)	(297)	(708)	(1,273)	(1,437)
Loss before income taxes	(11,449)	(9,648)	(4,283)	(10,419)	(5,270)	(15,689)	(19,972)	(29,620)
(Provision) benefit for income taxes	(59)	(202)	(23)	(19)	(18)	(37)	(60)	(262)
Net loss	(11,508)	(9,850)	(4,306)	(10,438)	(5,288)	(15,726)	(20,032)	(29,882)	$ (48,600)
Preferred dividends	(334)	0	(334)	0	(334)	(334)	(668)	(668)
Net loss applicable to common shares	$ (11,842)	$ (9,850)	$ (4,640)	$ (10,438)	$ (5,622)	$ (16,060)	$ (20,700)	$ (30,550)
Net loss per common share
Basic (in dollars per share)	$ (0.20)	$ (0.16)	$ (0.08)	$ (0.17)	$ (0.09)	$ (0.27)	$ (0.34)	$ (0.51)
Diluted (in dollars per share)	$ (0.20)	$ (0.16)	$ (0.08)	$ (0.17)	$ (0.09)	$ (0.27)	$ (0.34)	$ (0.51)
Weighted average number of common shares outstanding
Basic (in shares)	60,096,852	60,065,978	60,065,053	60,059,936	60,053,912	60,056,924	60,059,594	60,061,243
Diluted (in shares)	60,096,852	60,065,978	60,065,053	60,059,936	60,053,912	60,056,924	60,059,594	60,061,243
As Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue	$ 42,146	$ 38,225	$ 37,646	$ 34,406	$ 33,522	$ 67,928	$ 105,574	$ 143,799
Costs of sales	32,094	29,238	27,867	25,163	23,412	48,575	76,442	105,680
Gross profit	10,052	8,987	9,779	9,243	10,110	19,353	29,132	38,119
Operating expenses:
Selling, general and administrative	18,171	15,531	11,156	10,931	9,450	20,381	31,537	47,068
Investigation and restatement expenses	3,699	2,317	1,408	7,188	4,526	11,714	13,122	15,439
Integration and acquisition costs		211	24	181	922	1,103	1,127	1,338
Depreciation and amortization	1,022	1,071	1,083	1,143	1,133	2,276	3,359	4,430
Total operating expenses	22,892	19,130	13,671	19,443	16,031	35,474	49,145	68,275
Operating loss	(12,840)	(10,143)	(3,892)	(10,200)	(5,921)	(16,121)	(20,013)	(30,156)
Other income (expense):
Interest income	467	278	318	381	405	786	1,104	1,382
Interest expense	(465)	(474)	(913)	(819)	(786)	(1,605)	(2,518)	(2,992)
Total other income (expense), net	2	(196)	(595)	(438)	(381)	(819)	(1,414)	(1,610)
Loss before income taxes	(12,838)	(10,339)	(4,487)	(10,638)	(6,302)	(16,940)	(21,427)	(31,766)
(Provision) benefit for income taxes	(59)	(202)	(23)	(19)	(18)	(37)	(60)	(262)
Net loss	(12,897)	(10,541)	(4,510)	(10,657)	(6,320)	(16,977)	(21,487)	(32,028)
Preferred dividends	(334)	0	(334)	0	(334)	(334)	(668)	(668)
Net loss applicable to common shares	$ (13,231)	$ (10,541)	$ (4,844)	$ (10,657)	$ (6,654)	$ (17,311)	$ (22,155)	$ (32,696)
Net loss per common share
Basic (in dollars per share)	$ (0.22)	$ (0.18)	$ (0.08)	$ (0.18)	$ (0.11)	$ (0.29)	$ (0.37)	$ (0.54)
Diluted (in dollars per share)	$ (0.22)	$ (0.18)	$ (0.08)	$ (0.18)	$ (0.11)	$ (0.29)	$ (0.37)	$ (0.54)
Weighted average number of common shares outstanding
Basic (in shares)	60,096,852	60,065,978	60,065,053	60,059,936	60,053,912	60,056,924	60,059,594	60,061,243
Diluted (in shares)	60,096,852	60,065,978	60,065,053	60,059,936	60,053,912	60,056,924	60,059,594	60,061,243
Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue	$ 1,213	$ 283	$ 58	$ 80	$ 246	$ 326	$ 384	$ 667
Costs of sales	(151)	(469)	(116)	(112)	(702)	(814)	(930)	(1,399)
Gross profit	1,364	752	174	192	948	1,140	1,314	2,066
Operating expenses:
Selling, general and administrative	(64)	(41)	0	0	0	0	0	(41)
Investigation and restatement expenses	(134)	134	0	0	0	0	0	134
Integration and acquisition costs		0	0	0	0	0	0	0
Depreciation and amortization	0	0	0	0	0	0	0	0
Total operating expenses	(198)	93	0	0	0	0	0	93
Operating loss	1,562	659	174	192	948	1,140	1,314	1,973
Other income (expense):
Interest income	(173)	32	30	27	84	111	141	173
Interest expense	0	0	0	0	0	0	0	0
Total other income (expense), net	(173)	32	30	27	84	111	141	173
Loss before income taxes	1,389	691	204	219	1,032	1,251	1,455	2,146
(Provision) benefit for income taxes	0	0	0	0	0	0	0	0
Net loss	1,389	691	204	219	1,032	1,251	1,455	2,146
Preferred dividends	0	0	0	0	0	0	0	0
Net loss applicable to common shares	$ 1,389	$ 691	$ 204	$ 219	$ 1,032	$ 1,251	$ 1,455	$ 2,146
Net loss per common share
Basic (in dollars per share)	$ 0.02	$ 0.02	$ 0.00	$ 0.01	$ 0.02	$ 0.02	$ 0.03	$ 0.03
Diluted (in dollars per share)	$ 0.02	$ 0.02	$ 0.00	$ 0.01	$ 0.02	$ 0.02	$ 0.03	$ 0.03
Weighted average number of common shares outstanding
Basic (in shares)	0	0	0	0	0	0	0	0
Diluted (in shares)	0	0	0	0	0	0	0	0
Service
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue	$ 34,609	$ 32,989	$ 31,515	$ 29,733	$ 28,671	$ 58,404	$ 89,919	$ 122,908
Costs of sales	22,089	21,839	20,307	19,462	18,372	37,834	58,141	79,980
Service \| As Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue	33,833	33,116	31,630	29,837	28,971	58,808	90,438	123,554
Costs of sales	21,646	21,943	20,423	19,575	18,544	38,119	58,542	80,485
Service \| Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue	776	(127)	(115)	(104)	(300)	(404)	(519)	(646)
Costs of sales	443	(104)	(116)	(113)	(172)	(285)	(401)	(505)
Product
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue	8,750	5,519	6,189	4,753	5,097	9,850	16,039	21,558
Costs of sales	9,854	6,930	7,444	5,589	4,338	9,927	17,371	24,301
Product \| As Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue	8,313	5,109	6,016	4,569	4,551	9,120	15,136	20,245
Costs of sales	10,448	7,295	7,444	5,588	4,868	10,456	17,900	25,195
Product \| Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue	437	410	173	184	546	730	903	1,313
Costs of sales	$ (594)	$ (365)	$ 0	$ 1	$ (530)	$ (529)	$ (529)	$ (894)

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019
Current assets:
Cash and cash equivalents	$ 25,540	$ 27,464
Accounts receivable, less allowance of $4,972 and $4,866, respectively	18,728	21,906
Finance receivables, net	7,445	6,727
Inventory, net	9,469	11,273
Prepaid expenses and other current assets	1,808	1,558
Total current assets	62,990	68,928
Non-current assets:
Finance receivables due after one year, net	12,379	12,642
Other assets	2,015	2,099
Property and equipment, net	9,122	9,590
Operating lease right-of-use assets	6,514
Intangibles, net	25,387	26,171
Goodwill	63,945	63,945
Total non-current assets	119,362	114,447
Total assets	182,352	183,375
Current liabilities:
Accounts payable	28,555	27,584
Accrued expenses	29,140	23,351
Capital lease obligations and current obligations under long-term debt	10,826	12,497
Income taxes payable	252	254
Deferred revenue	1,649	1,681
Total current liabilities	70,422	65,367
Long-term liabilities:
Deferred income taxes	76	71
Capital lease obligations and long-term debt, less current portion	184	276
Operating lease liabilities, non-current	5,327
Accrued expenses, less current portion	0	100
Total long-term liabilities	5,587	447
Total liabilities	76,009	65,814
Commitments and contingencies
Series A convertible preferred stock, 900,000 shares authorized, 445,063 issued and outstanding, with liquidation preferences of $20,444 and $20,111 at September 30, 2019 and June 30, 2019, 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, 60,008,481 shares issued and outstanding at September 30, 2019 and June 30, 2019	377,143	376,853
Accumulated deficit	(273,938)	(262,430)
Total shareholders’ equity	103,205	114,423
Total liabilities, convertible preferred stock and shareholders’ equity	$ 182,352	$ 183,375

Condensed Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Accumulated Deficit
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	(5,288)		(5,288)
Balance (in shares) at Sep. 30, 2018		60,012,155
Balance at Sep. 30, 2018	137,970	$ 375,806	(237,836)
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]
Net loss	(15,726)
Balance at Dec. 31, 2018	128,089
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]
Net loss	(20,032)
Balance at Mar. 31, 2019	124,120
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]
Net loss	(29,882)
Balance (in shares) at Jun. 30, 2019		60,008,481
Balance at Jun. 30, 2019	114,423	$ 376,853	(262,430)
Balance (in shares) at Sep. 30, 2018		60,012,155
Balance at Sep. 30, 2018	137,970	$ 375,806	(237,836)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(10,438)
Balance at Dec. 31, 2018	128,089
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(4,306)
Balance at Mar. 31, 2019	124,120
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(9,850)
Balance (in shares) at Jun. 30, 2019		60,008,481
Balance at Jun. 30, 2019	114,423	$ 376,853	(262,430)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock based compensation	290	$ 290
Net loss	(11,508)		(11,508)
Balance (in shares) at Sep. 30, 2019		60,008,481
Balance at Sep. 30, 2019	$ 103,205	$ 377,143	$ (273,938)

- Definition

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

+ References + Details

FINANCE RECEIVABLES - Information Regarding Finance Receivables (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018
Receivables [Abstract]
Finance receivables, net	$ 7,445	$ 6,727	$ 6,541	$ 5,972	$ 5,480
Finance receivables due after one year, net	12,379	12,642	$ 12,342	$ 12,838	$ 13,629
Total finance receivables, net of allowance of $607 and $606, respectively	19,824	19,369
Finance receivable, allowance	$ 607	$ 606

RESTATEMENT AND REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS

3 Months Ended

Sep. 30, 2019

Accounting Changes and Error Corrections [Abstract]

Restatement and Revision of Prior Period Financial Statements

RESTATEMENT AND REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS

Overview

This Amendment No. 1 on Form 10-Q/A amends our Quarterly Report on Form 10-Q for the three months ended September 30, 2019 and includes restatement of the following previously filed condensed consolidated unaudited financial statements and data (and related disclosures): the condensed consolidated balance sheet as of September 30, 2019 and the condensed consolidated statements of operations, shareholders' equity and cash flows for the three months ended September 30, 2019. On February 14, 2020, the Board of Directors (the “Board”) of USA Technologies, Inc. (the “Company”), upon the recommendation of the Audit Committee of the Board (the “Audit Committee”), and following discussions with management, determined that the Company’s unaudited consolidated financial statements for the three months ended September 30, 2019 should no longer be relied upon.

Background

During the course of preparing its financial statements for the three months ended December 31, 2019, the Company identified certain adjustments that are required to be made to its previously filed historical financial statements. These adjustments primarily consist of the following: (i) incorrect allocation of transaction price between equipment revenues and license and transaction fees in connection with a customer contract which resulted in the inappropriate deferral of equipment revenues on hardware devices shipped during the three months ended June 30, 2019 and the three months ended September 30, 2019; and (ii) inaccurate accounting treatment of the leasing/rental contracts of its wholly-owned subsidiary, Cantaloupe Systems, Inc., relating primarily to the fiscal year ended June 30, 2019 and the three months ended September 30, 2019, which affected cost of sales, inventory and property, plant and equipment. These adjustments do not relate to the Audit Committee’s internal investigation which was substantially completed in January 2019. In addition, the Company identified other miscellaneous immaterial adjustments relating to the inaccurate accounting for: a customer rebate; certain accrued expenses; timing of hardware revenue recognition for a specific contract; timing of recognition for activation revenue; and timing of recognition for certain license and transaction fees.

Restatement

The financial statement adjustments are material to, and therefore require restatement of, the Company's previously reported financial statements as of and for the three months ended September 30, 2019. The tables below present the effect of the financial statement adjustments of the Company's previously reported financial statements as of and for the three months ended September 30, 2019.

The effect of the restatement on the previously filed condensed consolidated balance sheet as of September 30, 2019 is as follows:



	As of September 30, 2019
($ in thousands)	As Previously Reported			Adjustments			As Restated

Assets
Current assets:
Cash and cash equivalents	$	25,540		$	—		$	25,540
Accounts receivable, less allowance of $4,972	17,120			1,608			18,728
Finance receivables, net	7,216			229			7,445
Inventory, net	9,344			125			9,469
Prepaid expenses and other current assets	1,808			—			1,808
Total current assets	61,028			1,962			62,990

Non-current assets:
Finance receivables due after one year, net	12,710			(331		)	12,379
Other assets	1,811			204			2,015
Property and equipment, net	7,697			1,425			9,122
Operating lease right-of-use assets	6,514			—			6,514
Intangibles, net	25,387			—			25,387
Goodwill	64,149			(204		)	63,945
Total non-current assets	118,268			1,094			119,362

Total assets	$	179,296		$	3,056		$	182,352

Liabilities, convertible preferred stock and shareholders’ equity
Current liabilities:
Accounts payable	$	27,453		1,102			$	28,555
Accrued expenses	29,245			(105		)	29,140
Capital lease obligations and current obligations under long-term debt	10,826			—			10,826
Income taxes payable	252			—			252
Deferred revenue	2,949			(1,300		)	1,649
Total current liabilities	70,725			(303		)	70,422

Long-term liabilities:
Deferred income taxes	76			—			76
Capital lease obligations and long-term debt, less current portion	184			—			184
Operating lease liabilities, non-current	5,327			—			5,327
Total long-term liabilities	5,587			—			5,587

Total liabilities	$	76,312		$	(303	)	$	76,009
Commitments and contingencies
Convertible preferred stock:
Series A convertible preferred stock, 900,000 shares authorized, 445,063 issued and outstanding, with liquidation preference of $20,444	3,138			—			3,138
Shareholders’ equity:
Preferred stock, no par value, 1,800,000 shares authorized, no shares issued	—			—			—
Common stock, no par value, 640,000,000 shares authorized, 60,008,481 shares issued and outstanding	377,143			—			377,143
Accumulated deficit	(277,297		)	3,359			(273,938		)
Total shareholders’ equity	99,846			3,359			103,205
Total liabilities, convertible preferred stock and shareholders’ equity	$	179,296		$	3,056		$	182,352

The effect of the restatement on the previously filed condensed consolidated statement of operations for the three months ended September 30, 2019 is as follows:



	Three months ended September 30, 2019
($ in thousands, except per share data)	As Previously Reported			Adjustments			As Restated

Revenue:
License and transaction fees	$	33,833		$	776		$	34,609
Equipment sales	8,313			437			8,750
Total revenue	42,146			1,213			43,359

Costs of sales:
Cost of services	21,646			443			22,089
Cost of equipment	10,448			(594		)	9,854
Total costs of sales	32,094			(151		)	31,943
Gross profit	10,052			1,364			11,416

Operating expenses:
Selling, general and administrative	18,171			(64		)	18,107
Investigation and restatement expenses	3,699			(134		)	3,565
Depreciation and amortization	1,022			—			1,022
Total operating expenses	22,892			(198		)	22,694
Operating income (loss)	(12,840		)	1,562			(11,278		)

Other income (expense):
Interest income	467			(173		)	294
Interest expense	(465		)	—			(465		)
Total other income (expense), net	2			(173		)	(171		)

Loss before income taxes	(12,838		)	1,389			(11,449		)
Provision for income taxes	(59		)	—			(59		)

Net loss	(12,897		)	1,389			(11,508		)
Preferred dividends	(334		)	—			(334		)
Net loss applicable to common shares	$	(13,231	)	$	1,389		$	(11,842	)
Net loss per common share
Basic	$	(0.22	)	$	0.02		$	(0.20	)
Diluted	$	(0.22	)	$	0.02		$	(0.20	)
Weighted average number of common shares outstanding
Basic	60,096,852			—			60,096,852
Diluted	60,096,852			—			60,096,852

The effect of the restatement on the previously filed condensed consolidated statement of cash flows for the three months ended September 30, 2019 is as follows:



	Three months ended September 30, 2019
($ in thousands)	As Previously Reported			Adjustments			As Restated

OPERATING ACTIVITIES:
Net loss	$	(12,897	)	$	1,389		$	(11,508	)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Non-cash stock based compensation	290			—			290
Gain on disposal of property and equipment	(15		)	—			(15		)
Non-cash interest and amortization of debt discount	338			—			338
Bad debt expense	(110		)	—			(110		)
Provision for inventory reserve	574			—			574
Depreciation and amortization	1,213			443			1,656
Non-cash lease expense	491			—			491
Deferred income taxes	5			—			5
Changes in operating assets and liabilities:
Accounts receivable	4,677			(1,391		)	3,286
Finance receivables, net	(384		)	(70		)	(454		)
Inventory, net	992			240			1,232
Prepaid expenses and other current assets	(412		)	—			(412		)
Accounts payable and accrued expenses	4,459			831			5,290
Operating lease liabilities	(399		)	—			(399		)
Deferred revenue	1,409			(1,442		)	(33		)
Income taxes payable	(2		)	—			(2		)
Net cash provided by operating activities	229			—			229

INVESTING ACTIVITIES:
Purchase of property and equipment, including rentals	(420		)	—			(420		)
Proceeds from sale of property and equipment, including rentals	30			—			30
Net cash used in investing activities	(390		)	—			(390		)

FINANCING ACTIVITIES:
Repayment of capital lease obligations and long-term debt	(1,763		)	—			(1,763		)
Net cash used in financing activities	(1,763		)	—			(1,763		)

Net decrease in cash and cash equivalents	(1,924		)	—			(1,924		)
Cash and cash equivalents at beginning of year	27,464			—			27,464
Cash and cash equivalents at end of period	$	25,540		$	—		$	25,540

Revision

In addition, the Company analyzed the impact of the aforementioned adjustments on the financial statements for the interim and annual periods prior to fiscal year 2020 and concluded a correction of the errors would not be material to any individual period prior to fiscal year 2020, taking into account the requirements of ASC Topic 250, Accounting Changes and Error Corrections, ASC Topic 270 Interim Financial Reporting, ASC Topic 250-S99-1, Assessing Materiality, and ASC Topic 250-S99-2, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements. In accordance with the authoritative guidance, management evaluated the materiality of the adjustments from a quantitative and qualitative perspective. Based on such evaluation, the Company concluded that the effects of these adjustments and other accumulated misstatements were not material individually or in the aggregate to any interim or annual period prior to fiscal year 2020. However, correcting the cumulative impact of the misstatements would be material to our results of operations for the three months ended December 31, 2019 and fiscal year 2020. Accordingly, in this filing, the Company has revised the prior period interim and annual financial information for fiscal year 2019 to reflect the correction of these adjustments and other accumulated misstatements.

The effect of the revision on the previously filed consolidated balance sheet as of June 30, 2019 is as follows:



	As of June 30, 2019
($ in thousands)	As Previously Reported			Adjustments			As Revised

Assets
Current assets:
Cash and cash equivalents	$	27,464		$	—		$	27,464
Accounts receivable, less allowance of $4,866	21,712			194			21,906
Finance receivables, net	6,260			467			6,727
Inventory, net	10,908			365			11,273
Prepaid expenses and other current assets	1,558			—			1,558
Total current assets	67,902			1,026			68,928

Non-current assets:
Finance receivables due after one year, net	11,596			1,046			12,642
Other assets	2,099			—			2,099
Property and equipment, net	9,180			410			9,590
Intangibles, net	26,171			—			26,171
Goodwill	64,149			(204		)	63,945
Total non-current assets	113,195			1,252			114,447

Total assets	$	181,097		$	2,278		$	183,375

Liabilities, convertible preferred stock and shareholders’ equity
Current liabilities:
Accounts payable	$	27,511		73			$	27,584
Accrued expenses	23,258			93			23,351
Capital lease obligations and current obligations under long-term debt	12,497			—			12,497
Income taxes payable	254			—			254
Deferred revenue	1,539			142			1,681
Total current liabilities	65,059			308			65,367

Long-term liabilities:
Deferred income taxes	71			—			71
Capital lease obligations and long-term debt, less current portion	276			—			276
Accrued expenses, less current portion	100			—			100
Total long-term liabilities	447			—			447

Total liabilities	$	65,506		$	308		$	65,814
Commitments and contingencies
Convertible preferred stock:
Series A convertible preferred stock, 900,000 shares authorized, 445,063 issued and outstanding, with liquidation preference of $20,111	3,138			—			3,138
Shareholders’ equity:
Preferred stock, no par value, 1,800,000 shares authorized, no shares issued	—			—			—
Common stock, no par value, 640,000,000 shares authorized, 60,008,481 shares issued and outstanding	376,853			—			376,853
Accumulated deficit	(264,400		)	1,970			(262,430		)
Total shareholders’ equity	112,453			1,970			114,423
Total liabilities, convertible preferred stock and shareholders’ equity	$	181,097		$	2,278		$	183,375

The effect of the revision on the previously filed consolidated statements of operations for the three and twelve months ended June 30, 2019 is as follows:



	Three months ended June 30, 2019									Year ended June 30, 2019
($ in thousands, except per share data)	As Previously Reported			Adjustments			As Revised			As Previously Reported			Adjustments			As Revised

Revenue:
License and transaction fees	$	33,116		$	(127	)	$	32,989		$	123,554		$	(646	)	$	122,908
Equipment sales	5,109			410			5,519			20,245			1,313			21,558
Total revenue	38,225			283			38,508			143,799			667			144,466

Costs of sales:
Cost of services	21,943			(104		)	21,839			80,485			(505		)	79,980
Cost of equipment	7,295			(365		)	6,930			25,195			(894		)	24,301
Total costs of sales	29,238			(469		)	28,769			105,680			(1,399		)	104,281
Gross profit	8,987			752			9,739			38,119			2,066			40,185

Operating expenses:
Selling, general and administrative	15,531			(41		)	15,490			47,068			(41		)	47,027
Investigation and restatement expenses	2,317			134			2,451			15,439			134			15,573
Integration and acquisition costs	211			—			211			1,338			—			1,338
Depreciation and amortization	1,071			—			1,071			4,430			—			4,430
Total operating expenses	19,130			93			19,223			68,275			93			68,368
Operating loss	(10,143		)	659			(9,484		)	(30,156		)	1,973			(28,183		)

Other income (expense):
Interest income	278			32			310			1,382			173			1,555
Interest expense	(474		)	—			(474		)	(2,992		)	—			(2,992		)
Total other expense, net	(196		)	32			(164		)	(1,610		)	173			(1,437		)

Loss before income taxes	(10,339		)	691			(9,648		)	(31,766		)	2,146			(29,620		)
Provision for income taxes	(202		)	—			(202		)	(262		)	—			(262		)

Net loss	(10,541		)	691			(9,850		)	(32,028		)	2,146			(29,882		)
Preferred dividends	—			—			—			(668		)	—			(668		)
Net loss applicable to common shares	$	(10,541	)	$	691		$	(9,850	)	$	(32,696	)	$	2,146		$	(30,550	)
Net loss per common share
Basic	$	(0.18	)	$	0.02		$	(0.16	)	$	(0.54	)	$	0.03		$	(0.51	)
Diluted	$	(0.18	)	$	0.02		$	(0.16	)	$	(0.54	)	$	0.03		$	(0.51	)
Weighted average number of common shares outstanding
Basic	60,065,978			—			60,065,978			60,061,243			—			60,061,243
Diluted	60,065,978			—			60,065,978			60,061,243			—			60,061,243

The effect of the revision on the previously filed consolidated statement of cash flows for the year ended June 30, 2019 is as follows:



	Year ended June 30, 2019
($ in thousands)	As Previously Reported			Adjustments			As Revised

OPERATING ACTIVITIES:
Net loss	$	(32,028	)	$	2,146		$	(29,882	)
Adjustments to reconcile net loss to net cash used in operating activities:
Non-cash stock based compensation	1,750			—			1,750
Loss on disposal of property and equipment	672			—			672
Non-cash interest and amortization of debt discount	301			—			301
Bad debt expense	2,534			—			2,534
Provision for inventory reserve	3,172			—			3,172
Depreciation and amortization	8,009			(505		)	7,504
Deferred income taxes	(7		)	—			(7		)
Changes in operating assets and liabilities:
Accounts receivable	(8,488		)	(218		)	(8,706		)
Finance receivables, net	(8		)	(661		)	(669		)
Inventory, net	(5,242		)	(365		)	(5,607		)
Prepaid expenses and other current assets	(395		)	—			(395		)
Accounts payable and accrued expenses	873			166			1,039
Deferred revenue	(98		)	(34		)	(132		)
Income taxes payable	254			—			254
Net cash used in operating activities	(28,701		)	529			(28,172		)

INVESTING ACTIVITIES:
Purchase of property and equipment, including rentals	(4,346		)	(529		)	(4,875		)
Proceeds from sale of property and equipment, including rentals	116			—			116
Net cash used in investing activities	(4,230		)	(529		)	(4,759		)

FINANCING ACTIVITIES:
Proceeds from exercise of common stock options	42			—			42
Cash used for repurchase of common stock awards	(120		)	—			(120		)
Cash used in retirement of common stock	(81		)	—			(81		)
Payment of debt issuance costs	(156		)	—			(156		)
Repayment of capital lease obligations and long-term debt	(23,254		)	—			(23,254		)
Net cash used in financing activities	(23,569		)	—			(23,569		)

Net decrease in cash and cash equivalents	(56,500		)	—			(56,500		)
Cash and cash equivalents at beginning of year	83,964			—			83,964
Cash and cash equivalents at end of year	$	27,464		$	—		$	27,464

The effect of the revision on the previously filed condensed consolidated balance sheet as of March 31, 2019 is as follows:



	As of March 31, 2019
($ in thousands)	As Previously Reported			Adjustments			As Revised

Assets
Current assets:
Cash and cash equivalents	$	32,788		$	—		$	32,788
Accounts receivable, less allowance of $3,714	20,492			(19		)	20,473
Finance receivables, net	6,119			422			6,541
Inventory, net	11,488			—			11,488
Prepaid expenses and other current assets	2,878			—			2,878
Total current assets	73,765			403			74,168

Non-current assets:
Finance receivables due after one year, net	11,362			980			12,342
Other assets	1,922			—			1,922
Property and equipment, net	9,116			306			9,422
Intangibles, net	26,956			—			26,956
Goodwill	64,149			(204		)	63,945
Total non-current assets	113,505			1,082			114,587

Total assets	$	187,270		$	1,485		$	188,755

Liabilities, convertible preferred stock and shareholders’ equity
Current liabilities:
Accounts payable	$	26,058		30			$	26,088
Accrued expenses	19,974			—			19,974
Capital lease obligations and current obligations under long-term debt	13,202			—			13,202
Income taxes payable	42			—			42
Deferred revenue	1,322			176			1,498
Total current liabilities	60,598			206			60,804

Long-term liabilities:
Deferred income taxes	81			—			81
Capital lease obligations and long-term debt, less current portion	512			—			512
Accrued expenses, less current portion	100			—			100
Total long-term liabilities	693			—			693

Total liabilities	$	61,291		$	206		$	61,497
Commitments and contingencies
Convertible preferred stock:
Series A convertible preferred stock, 900,000 shares authorized, 445,063 issued and outstanding, with liquidation preference of $20,111	3,138			—			3,138
Shareholders’ equity:
Preferred stock, no par value, 1,800,000 shares authorized, no shares issued	—			—			—
Common stock, no par value, 640,000,000 shares authorized, 60,019,438 shares issued and outstanding	376,700			—			376,700
Accumulated deficit	(253,859		)	1,279			(252,580		)
Total shareholders’ equity	122,841			1,279			124,120
Total liabilities, convertible preferred stock and shareholders’ equity	$	187,270		$	1,485		$	188,755

The effect of the revision on the previously filed condensed consolidated statements of operations for the three and nine months ended March 31, 2019 is as follows:



	Three months ended March 31, 2019									Nine months ended March 31, 2019
($ in thousands, except per share data)	As Previously Reported			Adjustments			As Revised			As Previously Reported			Adjustments			As Revised

Revenue:
License and transaction fees	$	31,630		$	(115	)	$	31,515		$	90,438		$	(519	)	$	89,919
Equipment sales	6,016			173			6,189			15,136			903			16,039
Total revenue	37,646			58			37,704			105,574			384			105,958

Costs of sales:
Cost of services	20,423			(116		)	20,307			58,542			(401		)	58,141
Cost of equipment	7,444			—			7,444			17,900			(529		)	17,371
Total costs of sales	27,867			(116		)	27,751			76,442			(930		)	75,512
Gross profit	9,779			174			9,953			29,132			1,314			30,446

Operating expenses:
Selling, general and administrative	11,156			—			11,156			31,537			—			31,537
Investigation and restatement expenses	1,408			—			1,408			13,122			—			13,122
Integration and acquisition costs	24			—			24			1,127			—			1,127
Depreciation and amortization	1,083			—			1,083			3,359			—			3,359
Total operating expenses	13,671			—			13,671			49,145			—			49,145
Operating loss	(3,892		)	174			(3,718		)	(20,013		)	1,314			(18,699		)

Other income (expense):
Interest income	318			30			348			1,104			141			1,245
Interest expense	(913		)	—			(913		)	(2,518		)	—			(2,518		)
Total other expense, net	(595		)	30			(565		)	(1,414		)	141			(1,273		)

Loss before income taxes	(4,487		)	204			(4,283		)	(21,427		)	1,455			(19,972		)
(Provision) benefit for income taxes	(23		)	—			(23		)	(60		)	—			(60		)

Net loss	(4,510		)	204			(4,306		)	(21,487		)	1,455			(20,032		)
Preferred dividends	(334		)	—			(334		)	(668		)	—			(668		)
Net loss applicable to common shares	$	(4,844	)	$	204		$	(4,640	)	$	(22,155	)	$	1,455		$	(20,700	)
Net loss per common share
Basic	$	(0.08	)	$	—		$	(0.08	)	$	(0.37	)	$	0.03		$	(0.34	)
Diluted	$	(0.08	)	$	—		$	(0.08	)	$	(0.37	)	$	0.03		$	(0.34	)
Weighted average number of common shares outstanding
Basic	60,065,053			—			60,065,053			60,059,594			—			60,059,594
Diluted	60,065,053			—			60,065,053			60,059,594			—			60,059,594

The effect of the revision on the previously filed condensed consolidated statement of cash flows for the nine months ended March 31, 2019 is as follows:



	Nine months ended March 31, 2019
($ in thousands)	As Previously Reported			Adjustments			As Revised

OPERATING ACTIVITIES:
Net loss	$	(21,487	)	$	1,455		$	(20,032	)
Adjustments to reconcile net loss to net cash used in operating activities:
Non-cash stock based compensation	1,393			—			1,393
Gain on disposal of property and equipment	(39		)	—			(39		)
Non-cash interest and amortization of debt discount	286			—			286
Bad debt expense	1,537			—			1,537
Provision for inventory reserve	2,699			—			2,699
Depreciation and amortization	6,300			(401		)	5,899
Deferred income taxes	14			—			14
Changes in operating assets and liabilities:
Accounts receivable	(6,283		)	(5		)	(6,288		)
Finance receivables, net	368			(550		)	(182		)
Inventory, net	(5,349		)	—			(5,349		)
Prepaid expenses and other current assets	(1,545		)	—			(1,545		)
Accounts payable and accrued expenses	(3,866		)	30			(3,836		)
Deferred revenue	(316		)	—			(316		)
Income taxes payable	42			—			42
Net cash used in operating activities	(26,246		)	529			(25,717		)

INVESTING ACTIVITIES:
Purchase of property and equipment, including rentals	(2,627		)	(529		)	(3,156		)
Proceeds from sale of property and equipment, including rentals	103			—			103
Net cash used in investing activities	(2,524		)	(529		)	(3,053		)

FINANCING ACTIVITIES:
Proceeds from exercise of common stock options	42			—			42
Payment of debt issuance costs	(135		)	—			(135		)
Repayment of capital lease obligations and long-term debt	(22,313		)	—			(22,313		)
Net cash used in financing activities	(22,406		)	—			(22,406		)

Net decrease in cash and cash equivalents	(51,176		)	—			(51,176		)
Cash and cash equivalents at beginning of year	83,964			—			83,964
Cash and cash equivalents at end of period	$	32,788		$	—		$	32,788

The effect of the revision on the previously filed condensed consolidated balance sheet as of December 31, 2018 is as follows:



	As of December 31, 2018
($ in thousands)	As Previously Reported			Adjustments			As Revised

Assets
Current assets:
Cash and cash equivalents	$	63,193		$	—		$	63,193
Accounts receivable, less allowance of $3,385	10,132			(44		)	10,088
Finance receivables, net	5,591			381			5,972
Inventory, net	7,343			—			7,343
Prepaid expenses and other current assets	2,871			—			2,871
Total current assets	89,130			337			89,467

Non-current assets:
Finance receivables due after one year, net	11,910			928			12,838
Other assets	1,903			—			1,903
Property and equipment, net	9,546			190			9,736
Intangibles, net	27,740			—			27,740
Goodwill	64,149			(204		)	63,945
Total non-current assets	115,248			914			116,162

Total assets	$	204,378		$	1,251		$	205,629

Liabilities, convertible preferred stock and shareholders’ equity
Current liabilities:
Accounts payable	$	17,570		—			$	17,570
Accrued expenses	21,150			—			21,150
Capital lease obligations and current obligations under long-term debt	33,235			—			33,235
Income taxes payable	25			—			25
Deferred revenue	1,437			176			1,613
Total current liabilities	73,417			176			73,593

Long-term liabilities:
Deferred income taxes	76			—			76
Capital lease obligations and long-term debt, less current portion	632			—			632
Accrued expenses, less current portion	101			—			101
Total long-term liabilities	809			—			809

Total liabilities	$	74,226		$	176		$	74,402
Commitments and contingencies
Convertible preferred stock:
Series A convertible preferred stock, 900,000 shares authorized, 445,063 issued and outstanding, with liquidation preference of $19,777	3,138			—			3,138
Shareholders’ equity:
Preferred stock, no par value, 1,800,000 shares authorized, no shares issued	—			—			—
Common stock, no par value, 640,000,000 shares authorized, 60,013,718 shares issued and outstanding	376,363			—			376,363
Accumulated deficit	(249,349		)	1,075			(248,274		)
Total shareholders’ equity	127,014			1,075			128,089
Total liabilities, convertible preferred stock and shareholders’ equity	$	204,378		$	1,251		$	205,629

The effect of the revision on the previously filed condensed consolidated statements of operations for the three and six months ended December 31, 2018 is as follows:



	Three months ended December 31, 2018									Six months ended December 31, 2018
($ in thousands, except per share data)	As Previously Reported			Adjustments			As Revised			As Previously Reported			Adjustments			As Revised

Revenue:
License and transaction fees	$	29,837		$	(104	)	$	29,733		$	58,808		$	(404	)	$	58,404
Equipment sales	4,569			184			4,753			9,120			730			9,850
Total revenue	34,406			80			34,486			67,928			326			68,254

Costs of sales:
Cost of services	19,575			(113		)	19,462			38,119			(285		)	37,834
Cost of equipment	5,588			1			5,589			10,456			(529		)	9,927
Total costs of sales	25,163			(112		)	25,051			48,575			(814		)	47,761
Gross profit	9,243			192			9,435			19,353			1,140			20,493

Operating expenses:
Selling, general and administrative	10,931			—			10,931			20,381			—			20,381
Investigation and restatement expenses	7,188			—			7,188			11,714			—			11,714
Integration and acquisition costs	181			—			181			1,103			—			1,103
Depreciation and amortization	1,143			—			1,143			2,276			—			2,276
Total operating expenses	19,443			—			19,443			35,474			—			35,474
Operating loss	(10,200		)	192			(10,008		)	(16,121		)	1,140			(14,981		)

Other income (expense):
Interest income	381			27			408			786			111			897
Interest expense	(819		)	—			(819		)	(1,605		)	—			(1,605		)
Total other expense, net	(438		)	27			(411		)	(819		)	111			(708		)

Loss before income taxes	(10,638		)	219			(10,419		)	(16,940		)	1,251			(15,689		)
(Provision) benefit for income taxes	(19		)	—			(19		)	(37		)	—			(37		)

Net loss	(10,657		)	219			(10,438		)	(16,977		)	1,251			(15,726		)
Preferred dividends	—			—			—			(334		)	—			(334		)
Net loss applicable to common shares	$	(10,657	)	$	219		$	(10,438	)	$	(17,311	)	$	1,251		$	(16,060	)
Net loss per common share
Basic	$	(0.18	)	$	0.01		$	(0.17	)	$	(0.29	)	$	0.02		$	(0.27	)
Diluted	$	(0.18	)	$	0.01		$	(0.17	)	$	(0.29	)	$	0.02		$	(0.27	)
Weighted average number of common shares outstanding
Basic	60,059,936			—			60,059,936			60,056,924			—			60,056,924
Diluted	60,059,936			—			60,059,936			60,056,924			—			60,056,924

The effect of the revision on the previously filed condensed consolidated statement of cash flows for the six months ended December 31, 2018 is as follows:



	Six months ended December 31, 2018
($ in thousands)	As Previously Reported			Adjustments			As Revised

OPERATING ACTIVITIES:
Net loss	$	(16,977	)	$	1,251		$	(15,726	)
Adjustments to reconcile net loss to net cash used in operating activities:
Non-cash stock based compensation	972			—			972
Gain on disposal of property and equipment	(29		)	—			(29		)
Non-cash interest and amortization of debt discount	45			—			45
Bad debt expense	1,308			—			1,308
Provision for inventory reserve	1,211			—			1,211
Depreciation and amortization	4,257			(285		)	3,972
Deferred income taxes	9			—			9
Changes in operating assets and liabilities:
Accounts receivable	4,312			20			4,332
Finance receivables, net	348			(457		)	(109		)
Inventory, net	284			—			284
Prepaid expenses and other current assets	(1,588		)	—			(1,588		)
Accounts payable and accrued expenses	(11,095		)	—			(11,095		)
Deferred revenue	(201		)	—			(201		)
Income taxes payable	25			—			25
Net cash used in operating activities	(17,119		)	529			(16,590		)

INVESTING ACTIVITIES:
Purchase of property and equipment, including rentals	(1,795		)	(529		)	(2,324		)
Proceeds from sale of property and equipment, including rentals	82			—			82
Net cash used in investing activities	(1,713		)	(529		)	(2,242		)

FINANCING ACTIVITIES:
Proceeds from exercise of common stock options	42			—			42
Payment of debt issuance costs	(53		)	—			(53		)
Repayment of capital lease obligations and long-term debt	(1,928		)	—			(1,928		)
Net cash used in financing activities	(1,939		)	—			(1,939		)

Net decrease in cash and cash equivalents	(20,771		)	—			(20,771		)
Cash and cash equivalents at beginning of year	83,964			—			83,964
Cash and cash equivalents at end of period	$	63,193		$	—		$	63,193

The effect of the revision on the previously filed condensed consolidated balance sheet as of September 30, 2018 is as follows:



	As of September 30, 2018
($ in thousands)	As Previously Reported			Adjustments			As Revised

Assets
Current assets:
Cash and cash equivalents	$	68,262		$	—		$	68,262
Accounts receivable, less allowance of $3,125	18,921			(39		)	18,882
Finance receivables, net	5,141			339			5,480
Inventory, net	6,915			—			6,915
Prepaid expenses and other current assets	1,463			—			1,463
Total current assets	100,702			300			101,002

Non-current assets:
Finance receivables due after one year, net	12,770			859			13,629
Other assets	1,900			—			1,900
Property and equipment, net	9,778			77			9,855
Intangibles, net	28,533			—			28,533
Goodwill	64,149			(204		)	63,945
Total non-current assets	117,130			732			117,862

Total assets	$	217,832		$	1,032		$	218,864

Liabilities, convertible preferred stock and shareholders’ equity
Current liabilities:
Accounts payable	$	19,335		—			$	19,335
Accrued expenses	21,848			—			21,848
Capital lease obligations and current obligations under long-term debt	33,889			—			33,889
Income taxes payable	11			—			11
Deferred revenue	1,428			176			1,604
Total current liabilities	76,511			176			76,687

Long-term liabilities:
Deferred income taxes	71			—			71
Capital lease obligations and long-term debt, less current portion	932			—			932
Accrued expenses, less current portion	66			—			66
Total long-term liabilities	1,069			—			1,069

Total liabilities	$	77,580		$	176		$	77,756
Commitments and contingencies
Convertible preferred stock:
Series A convertible preferred stock, 900,000 shares authorized, 445,063 issued and outstanding, with liquidation preference of $19,777	3,138			—			3,138
Shareholders’ equity:
Preferred stock, no par value, 1,800,000 shares authorized, no shares issued	—			—			—
Common stock, no par value, 640,000,000 shares authorized, 60,012,155 shares issued and outstanding	375,806			—			375,806
Accumulated deficit	(238,692		)	856			(237,836		)
Total shareholders’ equity	137,114			856			137,970
Total liabilities, convertible preferred stock and shareholders’ equity	$	217,832		$	1,032		$	218,864

The effect of the revision on the previously filed condensed consolidated statement of operations for the three months ended September 30, 2018 is as follows:



	Three months ended September 30, 2018
($ in thousands, except per share data)	As Previously Reported			Adjustments			As Revised

Revenue:
License and transaction fees	$	28,971		$	(300	)	$	28,671
Equipment sales	4,551			546			5,097
Total revenue	33,522			246			33,768

Costs of sales:
Cost of services	18,544			(172		)	18,372
Cost of equipment	4,868			(530		)	4,338
Total costs of sales	23,412			(702		)	22,710
Gross profit	10,110			948			11,058

Operating expenses:
Selling, general and administrative	9,450			—			9,450
Investigation and restatement expenses	4,526			—			4,526
Integration and acquisition costs	922			—			922
Depreciation and amortization	1,133			—			1,133
Total operating expenses	16,031			—			16,031
Operating income (loss)	(5,921		)	948			(4,973		)

Other income (expense):
Interest income	405			84			489
Interest expense	(786		)	—			(786		)
Total other income (expense), net	(381		)	84			(297		)

Loss before income taxes	(6,302		)	1,032			(5,270		)
Provision for income taxes	(18		)	—			(18		)

Net loss	(6,320		)	1,032			(5,288		)
Preferred dividends	(334		)	—			(334		)
Net loss applicable to common shares	$	(6,654	)	$	1,032		$	(5,622	)
Net loss per common share
Basic	$	(0.11	)	$	0.02		$	(0.09	)
Diluted	$	(0.11	)	$	0.02		$	(0.09	)
Weighted average number of common shares outstanding
Basic	60,053,912			—			60,053,912
Diluted	60,053,912			—			60,053,912

The effect of the revision on the previously filed condensed consolidated statement of cash flows for the three months ended September 30, 2018 is as follows:



	Three months ended September 30, 2018
($ in thousands)	As Previously Reported			Adjustments			As Revised

OPERATING ACTIVITIES:
Net loss	$	(6,320	)	$	1,032		$	(5,288	)
Adjustments to reconcile net loss to net cash used in operating activities:
Non-cash stock based compensation	415			—			415
Loss on disposal of property and equipment	7			—			7
Non-cash interest and amortization of debt discount	22			—			22
Bad debt expense	509			—			509
Provision for inventory reserve	212			—			212
Depreciation and amortization	2,147			(172		)	1,975
Deferred income taxes	4			—			4
Changes in operating assets and liabilities:
Accounts receivable	(3,678		)	15			(3,663		)
Finance receivables, net	(63		)	(346		)	(409		)
Inventory, net	1,707			—			1,707
Prepaid expenses and other current assets	(220		)	—			(220		)
Accounts payable and accrued expenses	(8,665		)	—			(8,665		)
Deferred revenue	(210		)	—			(210		)
Income taxes payable	11			—			11
Net cash used in operating activities	(14,122		)	529			(13,593		)

INVESTING ACTIVITIES:
Purchase of property and equipment, including rentals	(693		)	(529		)	(1,222		)
Proceeds from sale of property and equipment, including rentals	30			—			30
Net cash used in investing activities	(663		)	(529		)	(1,192		)

FINANCING ACTIVITIES:
Proceeds from exercise of common stock options	42			—			42
Repayment of capital lease obligations and long-term debt	(959		)	—			(959		)
Net cash used in financing activities	(917		)	—			(917		)

Net decrease in cash and cash equivalents	(15,702		)	—			(15,702		)
Cash and cash equivalents at beginning of year	83,964			—			83,964
Cash and cash equivalents at end of period	$	68,262		$	—		$	68,262

EQUITY - Schedule of Fair value of options (Details) - Stock options - $ / shares	1 Months Ended	3 Months Ended
	Jul. 31, 2017	Sep. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility		58.40%
Expected life		4 years 6 months
Expected dividends		0.00%
Risk-free interest rate		2.91%
Stock options granted (in shares)	135,000	400,000
Weighted average exercise price (in dollars per share)		$ 8.75
Weighted average grant date fair value (in dollars per share)		$ 4.37

REVENUE - Contract Liability (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018
Revenue from Contract with Customer [Abstract]
Deferred revenue	$ 1,649	$ 1,681	$ 1,498	$ 1,613	$ 1,604
Revenue recognized in the period from amounts included in deferred revenue at the beginning of the period	$ 129

GOODWILL AND INTANGIBLE ASSETS

3 Months Ended

Sep. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLES

Intangible asset balances and goodwill consisted of the following:



	As of September 30, 2019 (as restated)
($ in thousands)	Gross		Accumulated Amortization			Net		Amortization Period
Intangible assets:
Non-compete agreements	$	2	$	(2	)	$	—	2 years
Brand and tradenames	1,695		(527		)	1,168		3 - 7 years
Developed technology	10,939		(3,727		)	7,212		5 - 6 years
Customer relationships	19,049		(2,042		)	17,007		10 - 18 years
Total intangible assets	$	31,685	$	(6,298	)	$	25,387

Goodwill	63,945		—			63,945		Indefinite

Total intangible assets & goodwill	$	95,630	$	(6,298	)	$	89,332



	As of June 30, 2019
($ in thousands)	Gross		Accumulated Amortization			Net		Amortization Period
Intangible assets:
Non-compete agreements	$	2	$	(2	)	$	—	2 years
Brand and tradenames	1,695		(470		)	1,225		3 - 7 years
Developed technology	10,939		(3,266		)	7,673		5 - 6 years
Customer relationships	19,049		(1,776		)	17,273		10 - 18 years
Total intangible assets	$	31,685	$	(5,514	)	$	26,171

Goodwill	63,945		—			63,945		Indefinite

Total intangible assets & goodwill	$	95,630	$	(5,514	)	$	90,116

The June 30, 2019 goodwill balance has been revised. Refer to Note 2 - Restatement and Revision of Prior Period Financial Statements. For the three months ended September 30, 2019 and 2018 each there was $0.8 million in amortization expense related to intangible assets.

EQUITY - Equity and Warrants (Details) - $ / shares	Sep. 30, 2019	Jun. 30, 2019
Equity [Abstract]
Warrants outstanding (in shares)	23,978	23,978
Warrants exercisable price (in dollars per share)	$ 5.00	$ 5.00

FINANCE RECEIVABLES - Credit Risk Profile Based on Payment Activity (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019
Financing Receivable, Credit Quality Indicator [Line Items]
Total amounts to be collected	$ 20,431	$ 19,975
Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total amounts to be collected	19,824	19,369
Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Total amounts to be collected	$ 607	$ 606

EQUITY - Schedule of long term incentive plans (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 8	$ 56
FY18 LTI Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	8	30
FY17 LTI Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 0	$ 26

LEASES (Tables)

3 Months Ended

Sep. 30, 2019

Leases [Abstract]

Assets and Liabilities

At September 30, 2019, the Company has the following balances recorded in the balance sheet related to its lease arrangements:



($ in thousands)	Classification	As of September 30, 2019

Assets
Operating leases	Operating lease right-of-use assets	$	6,514
Finance leases	Property and equipment, net	112

Liabilities
Current:
Operating leases	Accrued expenses	1,194
Finance leases	Capital lease obligations and current obligations under long-term debt	90

Non-current:
Operating leases	Operating lease liabilities, non-current	5,327
Finance leases	Capital lease obligations and long-term debt, less current portion	$	25

Lease Costs

Components of lease cost are as follows:



($ in thousands)	Three months ended September 30, 2019

Finance lease costs:
Amortization of ROU assets	$	31
Interest on lease assets	3
Operating lease costs*	701
Total	$	735

* Includes short-term lease and variable lease costs, which are not material.

Supplemental cash flow information and non-cash activity related to our leases are as follows:



($ in thousands)	Three months ended September 30, 2019

Supplemental cash flow information:
Cash paid for amounts included in the measurement of lease liabilities
Financing cash flows from finance leases	$	23
Operating cash flows from finance leases	3
Operating cash flows from operating leases	495

Non-cash activity
Right-of-use assets obtained in exchange for lease obligations:
Finance lease liabilities	—
Operating lease liabilities	$	3,071

Weighted-average remaining lease term and discount rate (as restated) for our leases are as follows:



	Three months ended September 30, 2019

Weighted-average remaining lease term
Finance leases	1.5
Operating leases	5.6

Weighted-average discount rate
Finance leases	10.0	%
Operating leases	6.8	%

Maturities of Lease Liabilities, Financing Leases

Maturities of lease liabilities by fiscal year for our leases are as follows:



($ in thousands)	Operating Leases		Finance Leases
Remainder of 2020	$	1,259	$	79
2021	1,361		41
2022	1,379		12
2023	1,400		1
2024	998		1
Thereafter	1,520		—
Total lease payments	$	7,917	$	134
Less: Imputed interest	1,396		19
Present value of lease liabilities	$	6,521	$	115

Maturities of Lease Liabilities, Operating Leases

Maturities of lease liabilities by fiscal year for our leases are as follows:



($ in thousands)	Operating Leases		Finance Leases
Remainder of 2020	$	1,259	$	79
2021	1,361		41
2022	1,379		12
2023	1,400		1
2024	998		1
Thereafter	1,520		—
Total lease payments	$	7,917	$	134
Less: Imputed interest	1,396		19
Present value of lease liabilities	$	6,521	$	115

Schedule of Future Minimum Rental Payments for Operating Leases

The Company's future minimum lease commitments as of June 30, 2019, under ASC Topic 840, the predecessor to Topic 842, are as follows:



($ in thousands)	Operating Leases		Capital Leases
2020	$	1,326	$	106
2021	1,151		34
2022	1,180		12
2023	1,208		1
2024	859		1
Thereafter	1,550		—
Total minimum lease payments	$	7,274	$	154
Less: interest			(14		)
Present value of minimum lease payments, net			140
Less: current obligations under capital leases			(106		)
Obligations under capital leases, noncurrent			$	34

Schedule of Future Minimum Lease Payments for Capital Leases

The Company's future minimum lease commitments as of June 30, 2019, under ASC Topic 840, the predecessor to Topic 842, are as follows:



($ in thousands)	Operating Leases		Capital Leases
2020	$	1,326	$	106
2021	1,151		34
2022	1,180		12
2023	1,208		1
2024	859		1
Thereafter	1,550		—
Total minimum lease payments	$	7,274	$	154
Less: interest			(14		)
Present value of minimum lease payments, net			140
Less: current obligations under capital leases			(106		)
Obligations under capital leases, noncurrent			$	34

Property and Equipment Used for Operating Lease Rental Program

Property and equipment used for the operating lease rental program consisted of the following:



($ in thousands)	September 30, 2019 (as restated)			June 30, 2019
Cost	$	31,866		36,190
Accumulated depreciation	(26,355		)	(30,473		)
Net	$	5,511		$	5,717

LEASES - Future Minimum Lease Payments (Details) $ in Thousands	Jun. 30, 2019 USD ($)
Operating Leases
2020	$ 1,326
2021	1,151
2022	1,180
2023	1,208
2024	859
Thereafter	1,550
Total minimum lease payments	7,274
Capital Leases
2020	106
2021	34
2022	12
2023	1
2024	1
Thereafter	0
Total minimum lease payments	154
Less: interest	(14)
Present value of minimum lease payments, net	140
Less: current obligations under capital leases	(106)
Obligations under capital leases, noncurrent	$ 34

EQUITY - Stock options (Detail) $ / shares in Units, $ in Thousands	1 Months Ended			3 Months Ended
	Sep. 30, 2018 employee $ / shares shares	Aug. 31, 2017 $ / shares shares	Jul. 31, 2017 employee shares	Sep. 30, 2019 USD ($)	Sep. 30, 2018 USD ($) employee shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation \| $				$ 8	$ 56
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option valuation method				Black-Scholes valuation model
Stock options granted (in shares)			135,000		400,000
Number of employees \| employee	102		11		102
Stock-based compensation \| $				$ 200	$ 100
Stock options \| 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			0.33%
Stock options \| 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			0.33%
Stock options \| 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			0.33%
Chief Executive Officer (CEO) \| Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted (in shares)	400,000	19,047
Exercise price (in dollars per share) \| $ / shares	$ 8.75	$ 5.25
Chief Financial Officer ("CFO") \| Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted (in shares)		25,000
Exercise price (in dollars per share) \| $ / shares		$ 5.25
Chief Financial Officer ("CFO") \| Stock options \| 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		0.33%
Chief Financial Officer ("CFO") \| Stock options \| 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		0.33%
Chief Financial Officer ("CFO") \| Stock options \| 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		0.33%

RESTATEMENT AND REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS (Tables)

3 Months Ended

Sep. 30, 2019

Accounting Changes and Error Corrections [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

The effect of the restatement on the previously filed condensed consolidated balance sheet as of September 30, 2019 is as follows:



	As of September 30, 2019
($ in thousands)	As Previously Reported			Adjustments			As Restated

Assets
Current assets:
Cash and cash equivalents	$	25,540		$	—		$	25,540
Accounts receivable, less allowance of $4,972	17,120			1,608			18,728
Finance receivables, net	7,216			229			7,445
Inventory, net	9,344			125			9,469
Prepaid expenses and other current assets	1,808			—			1,808
Total current assets	61,028			1,962			62,990

Non-current assets:
Finance receivables due after one year, net	12,710			(331		)	12,379
Other assets	1,811			204			2,015
Property and equipment, net	7,697			1,425			9,122
Operating lease right-of-use assets	6,514			—			6,514
Intangibles, net	25,387			—			25,387
Goodwill	64,149			(204		)	63,945
Total non-current assets	118,268			1,094			119,362

Total assets	$	179,296		$	3,056		$	182,352

Liabilities, convertible preferred stock and shareholders’ equity
Current liabilities:
Accounts payable	$	27,453		1,102			$	28,555
Accrued expenses	29,245			(105		)	29,140
Capital lease obligations and current obligations under long-term debt	10,826			—			10,826
Income taxes payable	252			—			252
Deferred revenue	2,949			(1,300		)	1,649
Total current liabilities	70,725			(303		)	70,422

Long-term liabilities:
Deferred income taxes	76			—			76
Capital lease obligations and long-term debt, less current portion	184			—			184
Operating lease liabilities, non-current	5,327			—			5,327
Total long-term liabilities	5,587			—			5,587

Total liabilities	$	76,312		$	(303	)	$	76,009
Commitments and contingencies
Convertible preferred stock:
Series A convertible preferred stock, 900,000 shares authorized, 445,063 issued and outstanding, with liquidation preference of $20,444	3,138			—			3,138
Shareholders’ equity:
Preferred stock, no par value, 1,800,000 shares authorized, no shares issued	—			—			—
Common stock, no par value, 640,000,000 shares authorized, 60,008,481 shares issued and outstanding	377,143			—			377,143
Accumulated deficit	(277,297		)	3,359			(273,938		)
Total shareholders’ equity	99,846			3,359			103,205
Total liabilities, convertible preferred stock and shareholders’ equity	$	179,296		$	3,056		$	182,352

The effect of the restatement on the previously filed condensed consolidated statement of operations for the three months ended September 30, 2019 is as follows:



	Three months ended September 30, 2019
($ in thousands, except per share data)	As Previously Reported			Adjustments			As Restated

Revenue:
License and transaction fees	$	33,833		$	776		$	34,609
Equipment sales	8,313			437			8,750
Total revenue	42,146			1,213			43,359

Costs of sales:
Cost of services	21,646			443			22,089
Cost of equipment	10,448			(594		)	9,854
Total costs of sales	32,094			(151		)	31,943
Gross profit	10,052			1,364			11,416

Operating expenses:
Selling, general and administrative	18,171			(64		)	18,107
Investigation and restatement expenses	3,699			(134		)	3,565
Depreciation and amortization	1,022			—			1,022
Total operating expenses	22,892			(198		)	22,694
Operating income (loss)	(12,840		)	1,562			(11,278		)

Other income (expense):
Interest income	467			(173		)	294
Interest expense	(465		)	—			(465		)
Total other income (expense), net	2			(173		)	(171		)

Loss before income taxes	(12,838		)	1,389			(11,449		)
Provision for income taxes	(59		)	—			(59		)

Net loss	(12,897		)	1,389			(11,508		)
Preferred dividends	(334		)	—			(334		)
Net loss applicable to common shares	$	(13,231	)	$	1,389		$	(11,842	)
Net loss per common share
Basic	$	(0.22	)	$	0.02		$	(0.20	)
Diluted	$	(0.22	)	$	0.02		$	(0.20	)
Weighted average number of common shares outstanding
Basic	60,096,852			—			60,096,852
Diluted	60,096,852			—			60,096,852

The effect of the restatement on the previously filed condensed consolidated statement of cash flows for the three months ended September 30, 2019 is as follows:



	Three months ended September 30, 2019
($ in thousands)	As Previously Reported			Adjustments			As Restated

OPERATING ACTIVITIES:
Net loss	$	(12,897	)	$	1,389		$	(11,508	)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Non-cash stock based compensation	290			—			290
Gain on disposal of property and equipment	(15		)	—			(15		)
Non-cash interest and amortization of debt discount	338			—			338
Bad debt expense	(110		)	—			(110		)
Provision for inventory reserve	574			—			574
Depreciation and amortization	1,213			443			1,656
Non-cash lease expense	491			—			491
Deferred income taxes	5			—			5
Changes in operating assets and liabilities:
Accounts receivable	4,677			(1,391		)	3,286
Finance receivables, net	(384		)	(70		)	(454		)
Inventory, net	992			240			1,232
Prepaid expenses and other current assets	(412		)	—			(412		)
Accounts payable and accrued expenses	4,459			831			5,290
Operating lease liabilities	(399		)	—			(399		)
Deferred revenue	1,409			(1,442		)	(33		)
Income taxes payable	(2		)	—			(2		)
Net cash provided by operating activities	229			—			229

INVESTING ACTIVITIES:
Purchase of property and equipment, including rentals	(420		)	—			(420		)
Proceeds from sale of property and equipment, including rentals	30			—			30
Net cash used in investing activities	(390		)	—			(390		)

FINANCING ACTIVITIES:
Repayment of capital lease obligations and long-term debt	(1,763		)	—			(1,763		)
Net cash used in financing activities	(1,763		)	—			(1,763		)

Net decrease in cash and cash equivalents	(1,924		)	—			(1,924		)
Cash and cash equivalents at beginning of year	27,464			—			27,464
Cash and cash equivalents at end of period	$	25,540		$	—		$	25,540

Revision

The effect of the revision on the previously filed consolidated balance sheet as of June 30, 2019 is as follows:



	As of June 30, 2019
($ in thousands)	As Previously Reported			Adjustments			As Revised

Assets
Current assets:
Cash and cash equivalents	$	27,464		$	—		$	27,464
Accounts receivable, less allowance of $4,866	21,712			194			21,906
Finance receivables, net	6,260			467			6,727
Inventory, net	10,908			365			11,273
Prepaid expenses and other current assets	1,558			—			1,558
Total current assets	67,902			1,026			68,928

Non-current assets:
Finance receivables due after one year, net	11,596			1,046			12,642
Other assets	2,099			—			2,099
Property and equipment, net	9,180			410			9,590
Intangibles, net	26,171			—			26,171
Goodwill	64,149			(204		)	63,945
Total non-current assets	113,195			1,252			114,447

Total assets	$	181,097		$	2,278		$	183,375

Liabilities, convertible preferred stock and shareholders’ equity
Current liabilities:
Accounts payable	$	27,511		73			$	27,584
Accrued expenses	23,258			93			23,351
Capital lease obligations and current obligations under long-term debt	12,497			—			12,497
Income taxes payable	254			—			254
Deferred revenue	1,539			142			1,681
Total current liabilities	65,059			308			65,367

Long-term liabilities:
Deferred income taxes	71			—			71
Capital lease obligations and long-term debt, less current portion	276			—			276
Accrued expenses, less current portion	100			—			100
Total long-term liabilities	447			—			447

Total liabilities	$	65,506		$	308		$	65,814
Commitments and contingencies
Convertible preferred stock:
Series A convertible preferred stock, 900,000 shares authorized, 445,063 issued and outstanding, with liquidation preference of $20,111	3,138			—			3,138
Shareholders’ equity:
Preferred stock, no par value, 1,800,000 shares authorized, no shares issued	—			—			—
Common stock, no par value, 640,000,000 shares authorized, 60,008,481 shares issued and outstanding	376,853			—			376,853
Accumulated deficit	(264,400		)	1,970			(262,430		)
Total shareholders’ equity	112,453			1,970			114,423
Total liabilities, convertible preferred stock and shareholders’ equity	$	181,097		$	2,278		$	183,375

The effect of the revision on the previously filed consolidated statements of operations for the three and twelve months ended June 30, 2019 is as follows:



	Three months ended June 30, 2019									Year ended June 30, 2019
($ in thousands, except per share data)	As Previously Reported			Adjustments			As Revised			As Previously Reported			Adjustments			As Revised

Revenue:
License and transaction fees	$	33,116		$	(127	)	$	32,989		$	123,554		$	(646	)	$	122,908
Equipment sales	5,109			410			5,519			20,245			1,313			21,558
Total revenue	38,225			283			38,508			143,799			667			144,466

Costs of sales:
Cost of services	21,943			(104		)	21,839			80,485			(505		)	79,980
Cost of equipment	7,295			(365		)	6,930			25,195			(894		)	24,301
Total costs of sales	29,238			(469		)	28,769			105,680			(1,399		)	104,281
Gross profit	8,987			752			9,739			38,119			2,066			40,185

Operating expenses:
Selling, general and administrative	15,531			(41		)	15,490			47,068			(41		)	47,027
Investigation and restatement expenses	2,317			134			2,451			15,439			134			15,573
Integration and acquisition costs	211			—			211			1,338			—			1,338
Depreciation and amortization	1,071			—			1,071			4,430			—			4,430
Total operating expenses	19,130			93			19,223			68,275			93			68,368
Operating loss	(10,143		)	659			(9,484		)	(30,156		)	1,973			(28,183		)

Other income (expense):
Interest income	278			32			310			1,382			173			1,555
Interest expense	(474		)	—			(474		)	(2,992		)	—			(2,992		)
Total other expense, net	(196		)	32			(164		)	(1,610		)	173			(1,437		)

Loss before income taxes	(10,339		)	691			(9,648		)	(31,766		)	2,146			(29,620		)
Provision for income taxes	(202		)	—			(202		)	(262		)	—			(262		)

Net loss	(10,541		)	691			(9,850		)	(32,028		)	2,146			(29,882		)
Preferred dividends	—			—			—			(668		)	—			(668		)
Net loss applicable to common shares	$	(10,541	)	$	691		$	(9,850	)	$	(32,696	)	$	2,146		$	(30,550	)
Net loss per common share
Basic	$	(0.18	)	$	0.02		$	(0.16	)	$	(0.54	)	$	0.03		$	(0.51	)
Diluted	$	(0.18	)	$	0.02		$	(0.16	)	$	(0.54	)	$	0.03		$	(0.51	)
Weighted average number of common shares outstanding
Basic	60,065,978			—			60,065,978			60,061,243			—			60,061,243
Diluted	60,065,978			—			60,065,978			60,061,243			—			60,061,243

The effect of the revision on the previously filed consolidated statement of cash flows for the year ended June 30, 2019 is as follows:



	Year ended June 30, 2019
($ in thousands)	As Previously Reported			Adjustments			As Revised

OPERATING ACTIVITIES:
Net loss	$	(32,028	)	$	2,146		$	(29,882	)
Adjustments to reconcile net loss to net cash used in operating activities:
Non-cash stock based compensation	1,750			—			1,750
Loss on disposal of property and equipment	672			—			672
Non-cash interest and amortization of debt discount	301			—			301
Bad debt expense	2,534			—			2,534
Provision for inventory reserve	3,172			—			3,172
Depreciation and amortization	8,009			(505		)	7,504
Deferred income taxes	(7		)	—			(7		)
Changes in operating assets and liabilities:
Accounts receivable	(8,488		)	(218		)	(8,706		)
Finance receivables, net	(8		)	(661		)	(669		)
Inventory, net	(5,242		)	(365		)	(5,607		)
Prepaid expenses and other current assets	(395		)	—			(395		)
Accounts payable and accrued expenses	873			166			1,039
Deferred revenue	(98		)	(34		)	(132		)
Income taxes payable	254			—			254
Net cash used in operating activities	(28,701		)	529			(28,172		)

INVESTING ACTIVITIES:
Purchase of property and equipment, including rentals	(4,346		)	(529		)	(4,875		)
Proceeds from sale of property and equipment, including rentals	116			—			116
Net cash used in investing activities	(4,230		)	(529		)	(4,759		)

FINANCING ACTIVITIES:
Proceeds from exercise of common stock options	42			—			42
Cash used for repurchase of common stock awards	(120		)	—			(120		)
Cash used in retirement of common stock	(81		)	—			(81		)
Payment of debt issuance costs	(156		)	—			(156		)
Repayment of capital lease obligations and long-term debt	(23,254		)	—			(23,254		)
Net cash used in financing activities	(23,569		)	—			(23,569		)

Net decrease in cash and cash equivalents	(56,500		)	—			(56,500		)
Cash and cash equivalents at beginning of year	83,964			—			83,964
Cash and cash equivalents at end of year	$	27,464		$	—		$	27,464

The effect of the revision on the previously filed condensed consolidated balance sheet as of March 31, 2019 is as follows:



	As of March 31, 2019
($ in thousands)	As Previously Reported			Adjustments			As Revised

Assets
Current assets:
Cash and cash equivalents	$	32,788		$	—		$	32,788
Accounts receivable, less allowance of $3,714	20,492			(19		)	20,473
Finance receivables, net	6,119			422			6,541
Inventory, net	11,488			—			11,488
Prepaid expenses and other current assets	2,878			—			2,878
Total current assets	73,765			403			74,168

Non-current assets:
Finance receivables due after one year, net	11,362			980			12,342
Other assets	1,922			—			1,922
Property and equipment, net	9,116			306			9,422
Intangibles, net	26,956			—			26,956
Goodwill	64,149			(204		)	63,945
Total non-current assets	113,505			1,082			114,587

Total assets	$	187,270		$	1,485		$	188,755

Liabilities, convertible preferred stock and shareholders’ equity
Current liabilities:
Accounts payable	$	26,058		30			$	26,088
Accrued expenses	19,974			—			19,974
Capital lease obligations and current obligations under long-term debt	13,202			—			13,202
Income taxes payable	42			—			42
Deferred revenue	1,322			176			1,498
Total current liabilities	60,598			206			60,804

Long-term liabilities:
Deferred income taxes	81			—			81
Capital lease obligations and long-term debt, less current portion	512			—			512
Accrued expenses, less current portion	100			—			100
Total long-term liabilities	693			—			693

Total liabilities	$	61,291		$	206		$	61,497
Commitments and contingencies
Convertible preferred stock:
Series A convertible preferred stock, 900,000 shares authorized, 445,063 issued and outstanding, with liquidation preference of $20,111	3,138			—			3,138
Shareholders’ equity:
Preferred stock, no par value, 1,800,000 shares authorized, no shares issued	—			—			—
Common stock, no par value, 640,000,000 shares authorized, 60,019,438 shares issued and outstanding	376,700			—			376,700
Accumulated deficit	(253,859		)	1,279			(252,580		)
Total shareholders’ equity	122,841			1,279			124,120
Total liabilities, convertible preferred stock and shareholders’ equity	$	187,270		$	1,485		$	188,755

The effect of the revision on the previously filed condensed consolidated statements of operations for the three and nine months ended March 31, 2019 is as follows:



	Three months ended March 31, 2019									Nine months ended March 31, 2019
($ in thousands, except per share data)	As Previously Reported			Adjustments			As Revised			As Previously Reported			Adjustments			As Revised

Revenue:
License and transaction fees	$	31,630		$	(115	)	$	31,515		$	90,438		$	(519	)	$	89,919
Equipment sales	6,016			173			6,189			15,136			903			16,039
Total revenue	37,646			58			37,704			105,574			384			105,958

Costs of sales:
Cost of services	20,423			(116		)	20,307			58,542			(401		)	58,141
Cost of equipment	7,444			—			7,444			17,900			(529		)	17,371
Total costs of sales	27,867			(116		)	27,751			76,442			(930		)	75,512
Gross profit	9,779			174			9,953			29,132			1,314			30,446

Operating expenses:
Selling, general and administrative	11,156			—			11,156			31,537			—			31,537
Investigation and restatement expenses	1,408			—			1,408			13,122			—			13,122
Integration and acquisition costs	24			—			24			1,127			—			1,127
Depreciation and amortization	1,083			—			1,083			3,359			—			3,359
Total operating expenses	13,671			—			13,671			49,145			—			49,145
Operating loss	(3,892		)	174			(3,718		)	(20,013		)	1,314			(18,699		)

Other income (expense):
Interest income	318			30			348			1,104			141			1,245
Interest expense	(913		)	—			(913		)	(2,518		)	—			(2,518		)
Total other expense, net	(595		)	30			(565		)	(1,414		)	141			(1,273		)

Loss before income taxes	(4,487		)	204			(4,283		)	(21,427		)	1,455			(19,972		)
(Provision) benefit for income taxes	(23		)	—			(23		)	(60		)	—			(60		)

Net loss	(4,510		)	204			(4,306		)	(21,487		)	1,455			(20,032		)
Preferred dividends	(334		)	—			(334		)	(668		)	—			(668		)
Net loss applicable to common shares	$	(4,844	)	$	204		$	(4,640	)	$	(22,155	)	$	1,455		$	(20,700	)
Net loss per common share
Basic	$	(0.08	)	$	—		$	(0.08	)	$	(0.37	)	$	0.03		$	(0.34	)
Diluted	$	(0.08	)	$	—		$	(0.08	)	$	(0.37	)	$	0.03		$	(0.34	)
Weighted average number of common shares outstanding
Basic	60,065,053			—			60,065,053			60,059,594			—			60,059,594
Diluted	60,065,053			—			60,065,053			60,059,594			—			60,059,594

The effect of the revision on the previously filed condensed consolidated statement of cash flows for the nine months ended March 31, 2019 is as follows:



	Nine months ended March 31, 2019
($ in thousands)	As Previously Reported			Adjustments			As Revised

OPERATING ACTIVITIES:
Net loss	$	(21,487	)	$	1,455		$	(20,032	)
Adjustments to reconcile net loss to net cash used in operating activities:
Non-cash stock based compensation	1,393			—			1,393
Gain on disposal of property and equipment	(39		)	—			(39		)
Non-cash interest and amortization of debt discount	286			—			286
Bad debt expense	1,537			—			1,537
Provision for inventory reserve	2,699			—			2,699
Depreciation and amortization	6,300			(401		)	5,899
Deferred income taxes	14			—			14
Changes in operating assets and liabilities:
Accounts receivable	(6,283		)	(5		)	(6,288		)
Finance receivables, net	368			(550		)	(182		)
Inventory, net	(5,349		)	—			(5,349		)
Prepaid expenses and other current assets	(1,545		)	—			(1,545		)
Accounts payable and accrued expenses	(3,866		)	30			(3,836		)
Deferred revenue	(316		)	—			(316		)
Income taxes payable	42			—			42
Net cash used in operating activities	(26,246		)	529			(25,717		)

INVESTING ACTIVITIES:
Purchase of property and equipment, including rentals	(2,627		)	(529		)	(3,156		)
Proceeds from sale of property and equipment, including rentals	103			—			103
Net cash used in investing activities	(2,524		)	(529		)	(3,053		)

FINANCING ACTIVITIES:
Proceeds from exercise of common stock options	42			—			42
Payment of debt issuance costs	(135		)	—			(135		)
Repayment of capital lease obligations and long-term debt	(22,313		)	—			(22,313		)
Net cash used in financing activities	(22,406		)	—			(22,406		)

Net decrease in cash and cash equivalents	(51,176		)	—			(51,176		)
Cash and cash equivalents at beginning of year	83,964			—			83,964
Cash and cash equivalents at end of period	$	32,788		$	—		$	32,788

The effect of the revision on the previously filed condensed consolidated balance sheet as of December 31, 2018 is as follows:



	As of December 31, 2018
($ in thousands)	As Previously Reported			Adjustments			As Revised

Assets
Current assets:
Cash and cash equivalents	$	63,193		$	—		$	63,193
Accounts receivable, less allowance of $3,385	10,132			(44		)	10,088
Finance receivables, net	5,591			381			5,972
Inventory, net	7,343			—			7,343
Prepaid expenses and other current assets	2,871			—			2,871
Total current assets	89,130			337			89,467

Non-current assets:
Finance receivables due after one year, net	11,910			928			12,838
Other assets	1,903			—			1,903
Property and equipment, net	9,546			190			9,736
Intangibles, net	27,740			—			27,740
Goodwill	64,149			(204		)	63,945
Total non-current assets	115,248			914			116,162

Total assets	$	204,378		$	1,251		$	205,629

Liabilities, convertible preferred stock and shareholders’ equity
Current liabilities:
Accounts payable	$	17,570		—			$	17,570
Accrued expenses	21,150			—			21,150
Capital lease obligations and current obligations under long-term debt	33,235			—			33,235
Income taxes payable	25			—			25
Deferred revenue	1,437			176			1,613
Total current liabilities	73,417			176			73,593

Long-term liabilities:
Deferred income taxes	76			—			76
Capital lease obligations and long-term debt, less current portion	632			—			632
Accrued expenses, less current portion	101			—			101
Total long-term liabilities	809			—			809

Total liabilities	$	74,226		$	176		$	74,402
Commitments and contingencies
Convertible preferred stock:
Series A convertible preferred stock, 900,000 shares authorized, 445,063 issued and outstanding, with liquidation preference of $19,777	3,138			—			3,138
Shareholders’ equity:
Preferred stock, no par value, 1,800,000 shares authorized, no shares issued	—			—			—
Common stock, no par value, 640,000,000 shares authorized, 60,013,718 shares issued and outstanding	376,363			—			376,363
Accumulated deficit	(249,349		)	1,075			(248,274		)
Total shareholders’ equity	127,014			1,075			128,089
Total liabilities, convertible preferred stock and shareholders’ equity	$	204,378		$	1,251		$	205,629

The effect of the revision on the previously filed condensed consolidated statements of operations for the three and six months ended December 31, 2018 is as follows:



	Three months ended December 31, 2018									Six months ended December 31, 2018
($ in thousands, except per share data)	As Previously Reported			Adjustments			As Revised			As Previously Reported			Adjustments			As Revised

Revenue:
License and transaction fees	$	29,837		$	(104	)	$	29,733		$	58,808		$	(404	)	$	58,404
Equipment sales	4,569			184			4,753			9,120			730			9,850
Total revenue	34,406			80			34,486			67,928			326			68,254

Costs of sales:
Cost of services	19,575			(113		)	19,462			38,119			(285		)	37,834
Cost of equipment	5,588			1			5,589			10,456			(529		)	9,927
Total costs of sales	25,163			(112		)	25,051			48,575			(814		)	47,761
Gross profit	9,243			192			9,435			19,353			1,140			20,493

Operating expenses:
Selling, general and administrative	10,931			—			10,931			20,381			—			20,381
Investigation and restatement expenses	7,188			—			7,188			11,714			—			11,714
Integration and acquisition costs	181			—			181			1,103			—			1,103
Depreciation and amortization	1,143			—			1,143			2,276			—			2,276
Total operating expenses	19,443			—			19,443			35,474			—			35,474
Operating loss	(10,200		)	192			(10,008		)	(16,121		)	1,140			(14,981		)

Other income (expense):
Interest income	381			27			408			786			111			897
Interest expense	(819		)	—			(819		)	(1,605		)	—			(1,605		)
Total other expense, net	(438		)	27			(411		)	(819		)	111			(708		)

Loss before income taxes	(10,638		)	219			(10,419		)	(16,940		)	1,251			(15,689		)
(Provision) benefit for income taxes	(19		)	—			(19		)	(37		)	—			(37		)

Net loss	(10,657		)	219			(10,438		)	(16,977		)	1,251			(15,726		)
Preferred dividends	—			—			—			(334		)	—			(334		)
Net loss applicable to common shares	$	(10,657	)	$	219		$	(10,438	)	$	(17,311	)	$	1,251		$	(16,060	)
Net loss per common share
Basic	$	(0.18	)	$	0.01		$	(0.17	)	$	(0.29	)	$	0.02		$	(0.27	)
Diluted	$	(0.18	)	$	0.01		$	(0.17	)	$	(0.29	)	$	0.02		$	(0.27	)
Weighted average number of common shares outstanding
Basic	60,059,936			—			60,059,936			60,056,924			—			60,056,924
Diluted	60,059,936			—			60,059,936			60,056,924			—			60,056,924

The effect of the revision on the previously filed condensed consolidated statement of cash flows for the six months ended December 31, 2018 is as follows:



	Six months ended December 31, 2018
($ in thousands)	As Previously Reported			Adjustments			As Revised

OPERATING ACTIVITIES:
Net loss	$	(16,977	)	$	1,251		$	(15,726	)
Adjustments to reconcile net loss to net cash used in operating activities:
Non-cash stock based compensation	972			—			972
Gain on disposal of property and equipment	(29		)	—			(29		)
Non-cash interest and amortization of debt discount	45			—			45
Bad debt expense	1,308			—			1,308
Provision for inventory reserve	1,211			—			1,211
Depreciation and amortization	4,257			(285		)	3,972
Deferred income taxes	9			—			9
Changes in operating assets and liabilities:
Accounts receivable	4,312			20			4,332
Finance receivables, net	348			(457		)	(109		)
Inventory, net	284			—			284
Prepaid expenses and other current assets	(1,588		)	—			(1,588		)
Accounts payable and accrued expenses	(11,095		)	—			(11,095		)
Deferred revenue	(201		)	—			(201		)
Income taxes payable	25			—			25
Net cash used in operating activities	(17,119		)	529			(16,590		)

INVESTING ACTIVITIES:
Purchase of property and equipment, including rentals	(1,795		)	(529		)	(2,324		)
Proceeds from sale of property and equipment, including rentals	82			—			82
Net cash used in investing activities	(1,713		)	(529		)	(2,242		)

FINANCING ACTIVITIES:
Proceeds from exercise of common stock options	42			—			42
Payment of debt issuance costs	(53		)	—			(53		)
Repayment of capital lease obligations and long-term debt	(1,928		)	—			(1,928		)
Net cash used in financing activities	(1,939		)	—			(1,939		)

Net decrease in cash and cash equivalents	(20,771		)	—			(20,771		)
Cash and cash equivalents at beginning of year	83,964			—			83,964
Cash and cash equivalents at end of period	$	63,193		$	—		$	63,193

The effect of the revision on the previously filed condensed consolidated balance sheet as of September 30, 2018 is as follows:



	As of September 30, 2018
($ in thousands)	As Previously Reported			Adjustments			As Revised

Assets
Current assets:
Cash and cash equivalents	$	68,262		$	—		$	68,262
Accounts receivable, less allowance of $3,125	18,921			(39		)	18,882
Finance receivables, net	5,141			339			5,480
Inventory, net	6,915			—			6,915
Prepaid expenses and other current assets	1,463			—			1,463
Total current assets	100,702			300			101,002

Non-current assets:
Finance receivables due after one year, net	12,770			859			13,629
Other assets	1,900			—			1,900
Property and equipment, net	9,778			77			9,855
Intangibles, net	28,533			—			28,533
Goodwill	64,149			(204		)	63,945
Total non-current assets	117,130			732			117,862

Total assets	$	217,832		$	1,032		$	218,864

Liabilities, convertible preferred stock and shareholders’ equity
Current liabilities:
Accounts payable	$	19,335		—			$	19,335
Accrued expenses	21,848			—			21,848
Capital lease obligations and current obligations under long-term debt	33,889			—			33,889
Income taxes payable	11			—			11
Deferred revenue	1,428			176			1,604
Total current liabilities	76,511			176			76,687

Long-term liabilities:
Deferred income taxes	71			—			71
Capital lease obligations and long-term debt, less current portion	932			—			932
Accrued expenses, less current portion	66			—			66
Total long-term liabilities	1,069			—			1,069

Total liabilities	$	77,580		$	176		$	77,756
Commitments and contingencies
Convertible preferred stock:
Series A convertible preferred stock, 900,000 shares authorized, 445,063 issued and outstanding, with liquidation preference of $19,777	3,138			—			3,138
Shareholders’ equity:
Preferred stock, no par value, 1,800,000 shares authorized, no shares issued	—			—			—
Common stock, no par value, 640,000,000 shares authorized, 60,012,155 shares issued and outstanding	375,806			—			375,806
Accumulated deficit	(238,692		)	856			(237,836		)
Total shareholders’ equity	137,114			856			137,970
Total liabilities, convertible preferred stock and shareholders’ equity	$	217,832		$	1,032		$	218,864

The effect of the revision on the previously filed condensed consolidated statement of operations for the three months ended September 30, 2018 is as follows:



	Three months ended September 30, 2018
($ in thousands, except per share data)	As Previously Reported			Adjustments			As Revised

Revenue:
License and transaction fees	$	28,971		$	(300	)	$	28,671
Equipment sales	4,551			546			5,097
Total revenue	33,522			246			33,768

Costs of sales:
Cost of services	18,544			(172		)	18,372
Cost of equipment	4,868			(530		)	4,338
Total costs of sales	23,412			(702		)	22,710
Gross profit	10,110			948			11,058

Operating expenses:
Selling, general and administrative	9,450			—			9,450
Investigation and restatement expenses	4,526			—			4,526
Integration and acquisition costs	922			—			922
Depreciation and amortization	1,133			—			1,133
Total operating expenses	16,031			—			16,031
Operating income (loss)	(5,921		)	948			(4,973		)

Other income (expense):
Interest income	405			84			489
Interest expense	(786		)	—			(786		)
Total other income (expense), net	(381		)	84			(297		)

Loss before income taxes	(6,302		)	1,032			(5,270		)
Provision for income taxes	(18		)	—			(18		)

Net loss	(6,320		)	1,032			(5,288		)
Preferred dividends	(334		)	—			(334		)
Net loss applicable to common shares	$	(6,654	)	$	1,032		$	(5,622	)
Net loss per common share
Basic	$	(0.11	)	$	0.02		$	(0.09	)
Diluted	$	(0.11	)	$	0.02		$	(0.09	)
Weighted average number of common shares outstanding
Basic	60,053,912			—			60,053,912
Diluted	60,053,912			—			60,053,912

The effect of the revision on the previously filed condensed consolidated statement of cash flows for the three months ended September 30, 2018 is as follows:



	Three months ended September 30, 2018
($ in thousands)	As Previously Reported			Adjustments			As Revised

OPERATING ACTIVITIES:
Net loss	$	(6,320	)	$	1,032		$	(5,288	)
Adjustments to reconcile net loss to net cash used in operating activities:
Non-cash stock based compensation	415			—			415
Loss on disposal of property and equipment	7			—			7
Non-cash interest and amortization of debt discount	22			—			22
Bad debt expense	509			—			509
Provision for inventory reserve	212			—			212
Depreciation and amortization	2,147			(172		)	1,975
Deferred income taxes	4			—			4
Changes in operating assets and liabilities:
Accounts receivable	(3,678		)	15			(3,663		)
Finance receivables, net	(63		)	(346		)	(409		)
Inventory, net	1,707			—			1,707
Prepaid expenses and other current assets	(220		)	—			(220		)
Accounts payable and accrued expenses	(8,665		)	—			(8,665		)
Deferred revenue	(210		)	—			(210		)
Income taxes payable	11			—			11
Net cash used in operating activities	(14,122		)	529			(13,593		)

INVESTING ACTIVITIES:
Purchase of property and equipment, including rentals	(693		)	(529		)	(1,222		)
Proceeds from sale of property and equipment, including rentals	30			—			30
Net cash used in investing activities	(663		)	(529		)	(1,192		)

FINANCING ACTIVITIES:
Proceeds from exercise of common stock options	42			—			42
Repayment of capital lease obligations and long-term debt	(959		)	—			(959		)
Net cash used in financing activities	(917		)	—			(917		)

Net decrease in cash and cash equivalents	(15,702		)	—			(15,702		)
Cash and cash equivalents at beginning of year	83,964			—			83,964
Cash and cash equivalents at end of period	$	68,262		$	—		$	68,262

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	$ 26	$ 2,100

FINANCE RECEIVABLES - Summary of Finance receivables Fiscal Years (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019
Receivables [Abstract]
2020	$ 8,115
2021	5,735
2022	5,091
2023	3,483
2024	1,651
Thereafter	255
Total amounts to be collected	24,330
Less: interest	3,899
Total finance receivables	$ 20,431	$ 19,975

EARNINGS (LOSS) PER SHARE - Calculation of Earning Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended					6 Months Ended	9 Months Ended	12 Months Ended	36 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2018	Mar. 31, 2019	Jun. 30, 2019	Jun. 30, 2019
Numerator for basic and diluted earnings per share
Net loss	$ (11,508)	$ (9,850)	$ (4,306)	$ (10,438)	$ (5,288)	$ (15,726)	$ (20,032)	$ (29,882)	$ (48,600)
Preferred dividends	(334)	0	(334)	0	(334)	(334)	(668)	(668)
Net loss applicable to common shares	$ (11,842)	$ (9,850)	$ (4,640)	$ (10,438)	$ (5,622)	$ (16,060)	$ (20,700)	$ (30,550)
Denominator for basic loss per share - Weighted average shares outstanding (in shares)	60,096,852	60,065,978	60,065,053	60,059,936	60,053,912	60,056,924	60,059,594	60,061,243
Effect of dilutive potential common shares (in shares)	0				0
Denominator for diluted loss per share - Adjusted weighted average shares outstanding (in shares)	60,096,852	60,065,978	60,065,053	60,059,936	60,053,912	60,056,924	60,059,594	60,061,243
Basic loss per share (in dollars per share)	$ (0.20)	$ (0.16)	$ (0.08)	$ (0.17)	$ (0.09)	$ (0.27)	$ (0.34)	$ (0.51)
Diluted loss per share (in dollars per share)	$ (0.20)	$ (0.16)	$ (0.08)	$ (0.17)	$ (0.09)	$ (0.27)	$ (0.34)	$ (0.51)

- Definition

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

+ References

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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

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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

REVENUE - Additional Information (Details) $ in Millions	3 Months Ended
REVENUE - Additional Information (Details) $ in Millions	Sep. 30, 2019 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Capitalized costs, amortization	$ 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
Prepaid Expenses and Other Current Assets
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Capitalized costs	$ 0.3
Other Noncurrent Assets
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Capitalized costs	$ 1.6

DEBT AND OTHER FINANCING ARRANGEMENTS - Revolving Credit Facility and Term Loan (Details) - USD ($)				3 Months Ended		9 Months Ended	12 Months Ended
	Oct. 31, 2019	Sep. 30, 2019	Nov. 09, 2017	Sep. 30, 2019	Mar. 31, 2019	Apr. 30, 2021	Sep. 30, 2019	Oct. 09, 2019
Debt Instrument [Line Items]
Extension fee							$ 200,000
Repayments of debt					$ 20,000,000
Periodic payment					$ 600,000
Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 10,000,000		$ 10,000,000			$ 10,000,000
Term Loan
Debt Instrument [Line Items]
Repayments of debt		$ 1,500,000
Revolving Credit Facility \| Credit Agreement \| LIBOR
Debt Instrument [Line Items]
Variable rate				4.00%
Revolving Credit Facility \| Jpmorgan Chase Bank N.a \| Credit Agreement
Debt Instrument [Line Items]
Debt instrument, term			5 years
Proceeds from revolving credit facility			$ 35,000,000.0
Maximum borrowing capacity			12,500,000
Revolving Credit Facility \| Heritage Bank Of Commerce \| Loan And Security Agreement
Debt Instrument [Line Items]
Repayment of line of credit, net			7,200,000
Term Loan \| Jpmorgan Chase Bank N.a \| Credit Agreement
Debt Instrument [Line Items]
Proceeds from revolving credit facility			25,000,000
Cantaloupe
Debt Instrument [Line Items]
Proceeds from revolving credit facility			$ 27,800,000
Subsequent Event \| Jpmorgan Chase Bank N.a
Debt Instrument [Line Items]
Repayment of line of credit, net	$ 10,100,000
Subsequent Event \| Commitment Letter \| Term Loan
Debt Instrument [Line Items]
First draw	$ 15,000,000
Interest rate	9.75%
Forecast \| Subsequent Event \| Commitment Letter \| Term Loan
Debt Instrument [Line Items]
Maximum borrowing capacity								$ 30,000,000
Second draw						$ 15,000,000

INCOME TAXES	3 Months Ended
INCOME TAXES	Sep. 30, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES For the three months ended September 30, 2019, the Company recorded an income tax provision of $59 thousand. As of September 30, 2019, the Company continued to record a full valuation against its deferred tax assets. The income tax provision primarily relates to the Company's uncertain tax positions, as well as state income and franchise taxes. As of September 30, 2019, the Company had a total unrecognized income tax benefit of $0.2 million. The Company is actively working with the tax authorities related to the majority of this uncertain tax position and it is reasonably possible that a majority of the uncertain tax position will be settled within the next 12 months. The provision is based upon actual loss before income taxes for the three months ended September 30, 2019, as the use of an estimated annual effective income tax rate does not provide a reliable estimate of the income tax provision. For the three months ended September 30, 2018, an income tax provision of $18 thousand was recorded, 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.

Label	Element	Value
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 200,000
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 200,000

REVENUE - Performance Obligations (Details) $ in Thousands	Sep. 30, 2019 USD ($)
Revenue from Contract with Customer [Abstract]
Performance obligation	$ 39,672
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-10-01
Revenue from Contract with Customer [Abstract]
Performance obligation	$ 9,867
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, period	9 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-07-01
Revenue from Contract with Customer [Abstract]
Performance obligation	$ 11,317
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-07-01
Revenue from Contract with Customer [Abstract]
Performance obligation	$ 9,453
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01
Revenue from Contract with Customer [Abstract]
Performance obligation	$ 6,514
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01
Revenue from Contract with Customer [Abstract]
Performance obligation	$ 2,521
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, period

FINANCE RECEIVABLES

3 Months Ended

Sep. 30, 2019

Receivables [Abstract]

FINANCE RECEIVABLES

The Company's finance receivables consist of financed devices under the Quickstart program and Cantaloupe devices contractually associated with the Seed platform. Predominately all of the Company's finance receivables agreements are classified as non-cancellable 60 month sales-type leases. As of September 30, 2019 and June 30, 2019 finance receivables consist of the following:



($ in thousands)	September 30, 2019 (as restated)		June 30, 2019
Finance receivables, net	$	7,445	6,727
Finance receivables due after one year, net	12,379		12,642
Total finance receivables, net of allowance of $607 and $606, respectively	$	19,824	$	19,369

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, 2019 and June 30, 2019, credit quality indicators consisted of the following:



($ in thousands)	September 30, 2019 (as restated)		June 30, 2019
Performing	$	19,824	$	19,369
Nonperforming	607		606
Total	$	20,431	$	19,975

An aged analysis of the Company's finance receivables as of September 30, 2019 and June 30, 2019 is as follows:



($ in thousands)	September 30, 2019 (as restated)		June 30, 2019
Current	$	19,236	$	19,133
30 days and under past due	182		190
31 - 60 days past due	79		49
61 - 90 days past due	200		146
Greater than 90 days past due	734		457
Total finance receivables	$	20,431	$	19,975

Cash to be collected on our finance receivables due for each of the fiscal years are as follows (as restated):



($ in thousands)
2020	$	8,115
2021	5,735
2022	5,091
2023	3,483
2024	1,651
Thereafter	255
Total amounts to be collected	24,330
Less: interest	$	3,899
Total finance receivables	$	20,431

The June 30, 2019 finance receivables balances in the previous tables have been revised. Refer to Note 2 - Restatement and Revision of Prior Period Financial Statements.

SUBSEQUENT EVENTS	3 Months Ended
SUBSEQUENT EVENTS	Sep. 30, 2019
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS CEO resignation On October 17, 2019, Stephen P. Herbert resigned as Chief Executive Officer (the "CEO") and as a member of the Company's Board of Directors. On the same date, the Company's Board of Directors appointed Donald W. Layden, Jr., as interim CEO of the Company. Mr. Layden has served as a member of the Company's Board of Directors since April 2019. In the course of finalizing the severance package for our prior CEO, Stephen Herbert, we identified payments made on Mr. Herbert’s behalf to the Company’s business travel partner, American Express, prior to Mr. Herbert providing reimbursement to the Company. These payments may be classified as loans. The Company is in the process of arranging the final severance amounts to Mr. Herbert taking into account the outstanding balance of approximately $30,000. Shareholder rights plan and dividend distribution On October 18, 2019, the Company’s Board of Directors adopted a shareholder rights plan and declared a dividend distribution of one right on each outstanding share of the Company’s common stock. The rights plan will be put to a vote of shareholders at the next annual meeting, and will automatically terminate if approval is not obtained. If shareholder approval is obtained at the meeting, the shareholder rights plan will expire on October 18, 2020. The rights will be exercisable only if a person or group acquires 15% or more of the Company’s outstanding common stock. If a shareholder's beneficial ownership of common stock as of the time of this announcement is at or above the 15% threshold, that shareholder's existing ownership percentage would be grandfathered, but the rights would become exercisable if at any time after this announcement the shareholder acquires beneficial ownership of additional shares. Each right will entitle shareholders to buy one one-hundredth of a share of a new series of junior participating preferred stock at an exercise price of $30. If a person or group acquires 15% of the Company’s outstanding common stock, each right will entitle its holder (other than such person or members of such group) to purchase for $30, a number of Company common shares having a market value of twice such price. In addition, at any time after a person or group acquires 15% of the Company’s outstanding common stock, the Company’s Board of Directors may exchange one share of the Company’s common stock for each outstanding right (other than rights owned by such person or group, which would have become void). Prior to the acquisition by a person or group of beneficial ownership of 15% of the Company’s common stock, the rights are redeemable for one cent per right at the option of the Board of Directors. The dividend distribution was made to holders of record as of October 28, 2019, and was not taxable to shareholders. 2020 Long-Term Stock Incentive Plan In October 2019, the Company's Board of Directors approved the Fiscal Year 2020 Long-Term Stock Incentive Plan which provides that each executive officer would be awarded shares of common stock of the Company in the event that certain metrics relating to the Company’s 2020 fiscal year would result in specified ranges of year-over-year percentage growth. The metrics are total number of connections as of June 30, 2020 as compared to total number of connections as of June 30, 2019 (40% weighting) and adjusted EBITDA earned during the 2020 fiscal year as compared to the adjusted EBITDA earned during the 2019 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. 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 (which in any event cannot exceed 150% of the executive officer’s target bonus award). Any shares awarded under the plan would vest as follows: one-third at the time of issuance; one-third on June 30, 2021; and one-third on June 30, 2022.

EARNINGS (LOSS) PER SHARE

3 Months Ended

Sep. 30, 2019

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)	2019 (as restated)			2018

Numerator for basic and diluted loss per share
Net loss	$	(11,508	)	$	(5,288	)
Preferred dividends	(334		)	(334		)
Net loss applicable to common shareholders	$	(11,842	)	$	(5,622	)

Denominator for basic loss per share - Weighted average shares outstanding	60,096,852			60,053,912
Effect of dilutive potential common shares	—			—
Denominator for diluted loss per share - Adjusted weighted average shares outstanding	60,096,852			60,053,912

Basic loss per share	$	(0.20	)	$	(0.09	)
Diluted loss per share	$	(0.20	)	$	(0.09	)

The calculation of basic and diluted EPS for the three months ended September 30, 2018 has been revised. Refer to Note 2 - Restatement and Revision of Prior Period Financial Statements.

Anti-dilutive shares excluded from the calculation of diluted loss per share were 1,293,317 for the three months ended September 30, 2019 and 1,420,301 for the three months ended September 30, 2018.

FINANCE RECEIVABLES - Age Analysis of Past Due Finance Receivables (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019
Financing Receivable, Past Due [Line Items]
Current	$ 19,236	$ 19,133
Total finance receivables	20,431	19,975
30 and Under Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	182	190
31 – 60 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	79	49
61 – 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	200	146
Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total past due	$ 734	$ 457

LEASES - Assets and Liabilities (Details) $ in Thousands	Sep. 30, 2019 USD ($)
Assets
Operating leases	$ 6,514
Finance leases	112
Liabilities
Operating leases, accrued expense	1,194
Finance leases, capital lease obligations and current obligations under long-term debt	90
Operating lease liabilities, non-current	5,327
Finance leases, capital lease obligations and long-term debt, less current portion	$ 25

RESTATEMENT AND REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS Condensed Consolidated Balance Sheets - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018
Accounting Changes and Error Corrections [Abstract]
Allowance for uncollectible accounts receivable	$ 4,972	$ 4,866	$ 3,714	$ 3,385	$ 3,125
Preferred stock, no par value (in dollars per share)	$ 0	$ 0	$ 0	$ 0	$ 0
Preferred stock, shares authorized (in shares)	1,800,000	1,800,000	1,800,000	1,800,000	1,800,000
Preferred stock, shares issued (in shares)	0	0	0	0	0
Common stock, no par value (in dollars per share)	$ 0	$ 0	$ 0	$ 0	$ 0
Common stock, shares authorized (in shares)	640,000,000	640,000,000	640,000,000	640,000,000	640,000,000
Common stock, shares issued (in shares)	60,008,481	60,008,481	60,019,438	60,013,718	60,012,155
Common stock, shares outstanding (in shares)	60,008,481	60,008,481	60,019,438	60,013,718	60,012,155
Preferred stock, shares authorized (in shares)	900,000	900,000	900,000	900,000	900,000
Convertible preferred stock, shares issued (in shares)	445,063	445,063	445,063	445,063	445,063
Convertible preferred stock, shares outstanding (in shares)	445,063	445,063	445,063	445,063	445,063
Convertible preferred stock, liquidation preference	$ 20,444	$ 20,111	$ 20,111	$ 19,777	$ 19,777

LEASES - Supplemental Cash Flow Information (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2019 USD ($)
Leases [Abstract]
Financing cash flows from finance leases	$ 23
Operating cash flows from finance leases	3
Operating cash flows from operating leases	495
Right-of-use assets obtained in exchange for finance lease liabilities	0
Right-of-use assets obtained in exchange for operating lease liabilities	$ 3,071

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Sep. 30, 2019	Nov. 01, 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		63,825,304
Document Type	10-Q/A
Document Period End Date	Sep. 30, 2019
Amendment Flag	true
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Amendment Description	This Amendment No. 1 on Form 10-Q/A amends our Quarterly Report on Form 10-Q for the three months ended September 30, 2019 and includes restatement of the following previously filed condensed consolidated unaudited financial statements and data (and related disclosures): the condensed consolidated balance sheet as of September 30, 2019 and the condensed consolidated statements of operations, shareholders' equity and cash flows for the three months ended September 30, 2019. On February 14, 2020, the Board of Directors (the “Board”) of USA Technologies, Inc. (the “Company”), upon the recommendation of the Audit Committee of the Board (the “Audit Committee”), and following discussions with management, determined that the Company’s unaudited consolidated financial statements for the three months ended September 30, 2019 should no longer be relied upon.

EQUITY (Tables)

3 Months Ended

Sep. 30, 2019

Equity [Abstract]

Schedule of stock option granted weighted average assumptions

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



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

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, 2019 and 2018:



	Three months ended September 30,
($ in thousands)	2019		2018
FY18 LTI Plan	$	8	$	30
FY17 LTI Plan	—		26
Total	$	8	$	56

COMMITMENTS AND CONTINGENCIES	3 Months Ended
COMMITMENTS AND CONTINGENCIES	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Eastern District of Pennsylvania Consolidated Shareholder Class Actions As previously reported, various putative shareholder class actions had been filed in the United States District Court for the District of New Jersey against the Company, its chief executive officer and chief financial officer at the relevant time, its directors at the relevant time, and the investment banks who served as underwriters in the May 2018 follow-on public offering of the Company (the “Underwriters”). These complaints alleged violations of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. These various actions were consolidated by the Court into one action (the “Consolidated Action”). On September 30, 2019, the Court granted the Motion to Transfer filed by the Company and its former chief executive officer, and transferred the Consolidated Action to the United States District Court for the Eastern District of Pennsylvania, Docket No. 19-cv-04565. On October 18, 2019, the Court entered an Order approving the parties’ stipulation which provided for the filing of an amended complaint by no later than November 20, 2019, a date for the defendants to respond thereto, and a briefing schedule, if necessary. Chester County, Pennsylvania Class Action As previously reported, a putative shareholder class action was filed against the Company, its chief executive officer and chief financial officer at the relevant time, its directors at the relevant time, and the Underwriters, in the Court of Common Pleas, Chester County, Pennsylvania, Docket No. 2019-04821-MJ. The complaint alleged violations of the Securities Act of 1933, as amended. As also previously reported, on September 20, 2019 the Court granted the defendants’ Petition for Stay and stayed the action until the Consolidated Action reaches a final disposition. On October 18, 2019, plaintiff filed an appeal to the Pennsylvania Superior Court from the Order granting defendants’ Petition for Stay, Docket No. 3100 EDA 2019.

Condensed Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018
Statement of Financial Position [Abstract]
Allowance for uncollectible accounts receivable	$ 4,972	$ 4,866	$ 3,714	$ 3,385	$ 3,125
Preferred stock, shares authorized (in shares)	900,000	900,000	900,000	900,000	900,000
Convertible preferred stock, shares issued (in shares)	445,063	445,063	445,063	445,063	445,063
Convertible preferred stock, shares outstanding (in shares)	445,063	445,063	445,063	445,063	445,063
Convertible preferred stock, liquidation preference	$ 20,444	$ 20,111	$ 20,111	$ 19,777	$ 19,777
Preferred stock, par value (in dollars per share)	$ 0	$ 0	$ 0	$ 0	$ 0
Preferred stock, shares authorized (in shares)	1,800,000	1,800,000	1,800,000	1,800,000	1,800,000
Preferred stock, shares issued (in shares)	0	0	0	0	0
Common stock, par value (in dollars per share)	$ 0	$ 0	$ 0	$ 0	$ 0
Common stock, shares authorized (in shares)	640,000,000	640,000,000	640,000,000	640,000,000	640,000,000
Common stock, shares issued (in shares)	60,008,481	60,008,481	60,019,438	60,013,718	60,012,155
Common stock, shares outstanding (in shares)	60,008,481	60,008,481	60,019,438	60,013,718	60,012,155

BUSINESS	3 Months Ended
BUSINESS	Sep. 30, 2019
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, 2019 Annual Report on Form 10-K. 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, 2019 are not necessarily indicative of the results that may be expected for the year ending June 30, 2020. The balance sheet at June 30, 2019 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. LIQUIDITY The Company has adopted Accounting Standards Codification, (“ASC”) 205-40. This guidance amended the existing requirements for disclosing information about an entity’s ability to continue as a going concern and explicitly requires management to assess an entity’s ability to continue as a going concern and to provide related disclosures in certain circumstances. This guidance was effective for annual reporting periods ending after December 15, 2016, and for annual and interim reporting periods thereafter. The following information reflects the results of management’s assessment, plans and conclusion of the Company’s ability to continue as a going concern. At September 30, 2019, the Company had $25.5 million in cash and a working capital deficit of $7.4 million. As noted in Note 10, as of September 30, 2019, the Company was not in compliance with the fixed charge coverage ratio and the total leverage ratio of its Revolving Credit Facility, which represents an event of default under the credit agreement. As a result, the Company has classified all amounts outstanding ($10.0 million) under these credit facilities as current liabilities. Additionally, as of September 30, 2019, the Company identified sales tax liabilities and related interest in the aggregate amount of $18.0 million. Also, the Company has reported aggregate net losses of $48.6 million for the three year period ended June 30, 2019. The working capital deficit and prior period net loss information have been revised. Refer to Note 2 - Restatement and Revision of Prior Period Financial Statements. In response to its need to develop a cash management strategy, the Company developed a plan that included potentially seeking to extend the credit borrowings to beyond one year, securing a commitment for the sale of its long-term receivables, and obtaining outside financing. Pursuant to a Stock Purchase Agreement dated October 9, 2019 between the Company and Antara Capital Master Fund LP (“Antara”), the Company sold to Antara 3,800,000 shares of the Company’s common stock at a price of $5.25 per share for an aggregate purchase price of $19,950,000. Antara qualifies as an accredited investor under Rule 501 of the Securities Act of 1933, as amended (the "Act"), and the offer and sale of the shares was exempt from registration under Section 4(a)(2) of the Act. Antara agreed not to dispose of the shares for a period of 90 days from the closing date. The Company also entered into a registration rights agreement (the "Registration Rights Agreement") with Antara, pursuant to which the Company has agreed, at its expense, to file a registration statement under the Act with the Securities and Exchange Commission (the "SEC") covering the resale of the shares by Antara (the "Registration Statement"). The Company will be required to pay certain negotiated cash payments to Antara in the event that the Registration Statement is not filed within 30 days of the closing date or if the Registration Statement is not declared effective within three months of the closing date, subject to the terms of the Registration Rights Agreement. On November 11, 2019, the Company received an extension of time to file the Registration Statement from Antara until November 26, 2019. In connection with the private placement, William Blair & Company, L.L.C. (“Blair”) acted as exclusive placement agent for the Company and received a cash placement fee of $1.2 million. On October 9, 2019, the Company also entered into a commitment letter (“Commitment Letter”) with Antara, pursuant to which Antara committed to extend to the Company a $30.0 million senior secured term loan facility (“Term Facility”). Upon the execution of the Commitment Letter, the Company paid to Antara a non-refundable commitment fee of $1.2 million. In connection with the Commitment Letter, Blair acted as exclusive placement agent for the Company and received a cash placement fee of $750,000. On October 31, 2019, the Company entered into a Financing Agreement with Antara to draw $15.0 million on the Term Facility and agreed to draw an additional $15.0 million at any time between July 31, 2020 and April 30, 2021, subject to the terms of the Financing Agreement. The outstanding amount of the draws under the Term Facility bear interest at 9.75% per annum, payable monthly in arrears. The proceeds of the initial draw were used to repay the outstanding balance of the revolving line of credit loan due to JPMorgan Chase Bank, N.A. in the amount of $10.1 million, including accrued interest payable, and to pay transaction expenses, and the Company intends to utilize the balance for working capital and general corporate purposes. The outstanding principal amount of the loan must be paid in full by no later than the maturity date of October 31, 2024. As previously disclosed in our periodic reports and proxy statements, our independent Audit Committee chairperson, Robert Metzger is employed by Blair. Mr. Metzger receives discretionary compensation from Blair based on various activities including, among other things, training activities and business development. The Company believes that its current financial resources, as of the date of the issuance of these consolidated financial statements, are sufficient to fund its current twelve month operating budget, alleviating any substantial doubt raised by our historical operating results and satisfying our estimated liquidity needs for twelve months from the issuance of these consolidated financial statements.

LEASES - Narrative (Details) $ in Thousands	1 Months Ended	3 Months Ended
LEASES - Narrative (Details) $ in Thousands	Sep. 30, 2019 USD ($) ft²	Sep. 30, 2019 USD ($)
Lessor, Lease, Description [Line Items]
Lease not yet commenced, area of additional space (sqft) \| ft²	3,400
Lease not yet commenced, future minimum lease payments \| $	$ 350	$ 350
Lessor, sales-type lease term	60 months	60 months
Lessor, operating lease term	36 months	36 months
Minimum
Lessor, Lease, Description [Line Items]
Lease term		1 year
Maximum
Lessor, Lease, Description [Line Items]
Lease term		8 years

REVENUE (Tables)

3 Months Ended

Sep. 30, 2019

Revenue from Contract with Customer [Abstract]

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, 2019

2020	$	9,867
2021	11,317
2022	9,453
2023	6,514
2024 and thereafter	2,521
Total	$	39,672

Contract Liability

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



($ in thousands)				Three months ended September 30, 2019 (as restated)

Deferred revenue, beginning of the period				1,681
Deferred revenue, end of the period				1,649
Revenue recognized in the period from amounts included in deferred revenue at the beginning of the period				129

RESTATEMENT AND REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS Condensed Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018
Current assets:
Cash and cash equivalents	$ 25,540	$ 27,464	$ 32,788	$ 63,193	$ 68,262
Accounts receivable, less allowance	18,728	21,906	20,473	10,088	18,882
Finance receivables, net	7,445	6,727	6,541	5,972	5,480
Inventory, net	9,469	11,273	11,488	7,343	6,915
Prepaid expenses and other current assets	1,808	1,558	2,878	2,871	1,463
Total current assets	62,990	68,928	74,168	89,467	101,002
Non-current assets:
Finance receivables due after one year, net	12,379	12,642	12,342	12,838	13,629
Other assets	2,015	2,099	1,922	1,903	1,900
Property and equipment, net	9,122	9,590	9,422	9,736	9,855
Operating lease right-of-use assets	6,514
Intangibles, net	25,387	26,171	26,956	27,740	28,533
Goodwill	63,945	63,945	63,945	63,945	63,945
Total non-current assets	119,362	114,447	114,587	116,162	117,862
Total assets	182,352	183,375	188,755	205,629	218,864
Current liabilities:
Accounts payable	28,555	27,584	26,088	17,570	19,335
Accrued expenses	29,140	23,351	19,974	21,150	21,848
Capital lease obligations and current obligations under long-term debt	10,826	12,497	13,202	33,235	33,889
Income taxes payable	252	254	42	25	11
Deferred revenue	1,649	1,681	1,498	1,613	1,604
Total current liabilities	70,422	65,367	60,804	73,593	76,687
Long-term liabilities:
Deferred income taxes	76	71	81	76	71
Debt and other financing arrangements, noncurrent	184	276	512	632	932
Accrued expenses, less current portion	0	100	100	101	66
Operating lease liabilities, non-current	5,327
Total long-term liabilities	5,587	447	693	809	1,069
Total liabilities	76,009	65,814	61,497	74,402	77,756
Series A convertible preferred stock	3,138	3,138	3,138	3,138	3,138
Shareholders’ equity:
Preferred stock	0	0	0	0	0
Common stock	377,143	376,853	376,700	376,363	375,806
Accumulated deficit	(273,938)	(262,430)	(252,580)	(248,274)	(237,836)
Total shareholders’ equity	103,205	114,423	124,120	128,089	137,970	$ 142,688
Total liabilities, convertible preferred stock and shareholders’ equity	182,352	183,375	188,755	205,629	218,864
As Previously Reported
Current assets:
Cash and cash equivalents	25,540	27,464	32,788	63,193	68,262
Accounts receivable, less allowance	17,120	21,712	20,492	10,132	18,921
Finance receivables, net	7,216	6,260	6,119	5,591	5,141
Inventory, net	9,344	10,908	11,488	7,343	6,915
Prepaid expenses and other current assets	1,808	1,558	2,878	2,871	1,463
Total current assets	61,028	67,902	73,765	89,130	100,702
Non-current assets:
Finance receivables due after one year, net	12,710	11,596	11,362	11,910	12,770
Other assets	1,811	2,099	1,922	1,903	1,900
Property and equipment, net	7,697	9,180	9,116	9,546	9,778
Operating lease right-of-use assets	6,514
Intangibles, net	25,387	26,171	26,956	27,740	28,533
Goodwill	64,149	64,149	64,149	64,149	64,149
Total non-current assets	118,268	113,195	113,505	115,248	117,130
Total assets	179,296	181,097	187,270	204,378	217,832
Current liabilities:
Accounts payable	27,453	27,511	26,058	17,570	19,335
Accrued expenses	29,245	23,258	19,974	21,150	21,848
Capital lease obligations and current obligations under long-term debt	10,826	12,497	13,202	33,235	33,889
Income taxes payable	252	254	42	25	11
Deferred revenue	2,949	1,539	1,322	1,437	1,428
Total current liabilities	70,725	65,059	60,598	73,417	76,511
Long-term liabilities:
Deferred income taxes	76	71	81	76	71
Debt and other financing arrangements, noncurrent	184	276	512	632	932
Accrued expenses, less current portion		100	100	101	66
Operating lease liabilities, non-current	5,327
Total long-term liabilities	5,587	447	693	809	1,069
Total liabilities	76,312	65,506	61,291	74,226	77,580
Series A convertible preferred stock	3,138	3,138	3,138	3,138	3,138
Shareholders’ equity:
Preferred stock	0	0	0	0	0
Common stock	377,143	376,853	376,700	376,363	375,806
Accumulated deficit	(277,297)	(264,400)	(253,859)	(249,349)	(238,692)
Total shareholders’ equity	99,846	112,453	122,841	127,014	137,114
Total liabilities, convertible preferred stock and shareholders’ equity	179,296	181,097	187,270	204,378	217,832
Adjustments
Current assets:
Cash and cash equivalents	0	0	0	0	0
Accounts receivable, less allowance	1,608	194	(19)	(44)	(39)
Finance receivables, net	229	467	422	381	339
Inventory, net	125	365	0	0	0
Prepaid expenses and other current assets	0	0	0	0	0
Total current assets	1,962	1,026	403	337	300
Non-current assets:
Finance receivables due after one year, net	(331)	1,046	980	928	859
Other assets	204	0	0	0	0
Property and equipment, net	1,425	410	306	190	77
Operating lease right-of-use assets	0
Intangibles, net	0	0	0	0	0
Goodwill	(204)	(204)	(204)	(204)	(204)
Total non-current assets	1,094	1,252	1,082	914	732
Total assets	3,056	2,278	1,485	1,251	1,032
Current liabilities:
Accounts payable	1,102	73	30	0	0
Accrued expenses	(105)	93	0	0	0
Capital lease obligations and current obligations under long-term debt	0	0	0	0	0
Income taxes payable	0	0	0	0	0
Deferred revenue	(1,300)	142	176	176	176
Total current liabilities	(303)	308	206	176	176
Long-term liabilities:
Deferred income taxes	0	0	0	0	0
Debt and other financing arrangements, noncurrent	0	0	0	0	0
Accrued expenses, less current portion		0	0	0	0
Operating lease liabilities, non-current	0
Total long-term liabilities	0	0	0	0	0
Total liabilities	(303)	308	206	176	176
Series A convertible preferred stock	0	0	0	0	0
Shareholders’ equity:
Preferred stock	0	0	0	0	0
Common stock	0	0	0	0	0
Accumulated deficit	3,359	1,970	1,279	1,075	856
Total shareholders’ equity	3,359	1,970	1,279	1,075	856
Total liabilities, convertible preferred stock and shareholders’ equity	$ 3,056	$ 2,278	$ 1,485	$ 1,251	$ 1,032

FAIR VALUE MEASUREMENTS	3 Months Ended
FAIR VALUE MEASUREMENTS	Sep. 30, 2019
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS The Company’s financial instruments are carried at cost which approximates fair value. The Company classifies its financial instruments, which are primarily cash equivalents, accounts receivable, accounts payable and accrued expenses as Level 1 investments of the fair value hierarchy because these instruments are carried at cost which approximates fair value due to the short-term maturity of these instruments. The Company’s obligations under its long-term debt agreements are carried at amortized cost, which approximates their fair value. The fair value of the Company’s obligations under its long-term debt agreements are considered Level 2 investments of the fair value hierarchy because these instruments have interest rates that reset frequently.

- 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

RESTRUCTURING/INTEGRATION COSTS (Tables)

3 Months Ended

Sep. 30, 2019

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, 2019:



($ in thousands)	Workforce reduction
Balance at July 1, 2019	$	175
Plus: additions	26
Less: cash payments	—
Balance at September 30, 2019	$	201

DEBT AND OTHER FINANCING ARRANGEMENTS

3 Months Ended

Sep. 30, 2019

Debt Disclosure [Abstract]

DEBT AND OTHER FINANCING ARRANGEMENTS

The Company's debt and other financing arrangements as of September 30, 2019 and June 30, 2019 consisted of the following:



	As of September 30,			As of June 30,
($ in thousands)	2019			2019

Revolving Credit Facility	$	10,000		$	10,000
Term Loan	—			1,458
Other, including capital lease obligations	1,010			1,323
Less: unamortized issuance costs	—			(8		)
Total	11,010			12,773
Less: debt and other financing arrangements, current	(10,826		)	(12,497		)
Debt and other financing arrangements, noncurrent	$	184		$	276

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



	Three months ended September 30,
($ in thousands)	2019		2018
Revolving Credit Facility	$	77	$	175
Term Loan	160		350
Other interest expense	228		261
Total interest expense	$	465	$	786

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 ($7.2 million). 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, 2019 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 September 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 October 31, 2019, the Company repaid the outstanding balance on the Revolving Credit Facility.

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 September 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, 2019 and June 30, 2019.

On October 31, 2019, the Company entered into a Financing Agreement with Antara to draw $15.0 million on the Term Facility and agreed to draw an additional $15.0 million at any time between July 31, 2020 and April 30, 2021, subject to the terms of the Financing Agreement. The outstanding amount of the draws under the Term Facility bear interest at 9.75% per annum, payable monthly in arrears. The proceeds of the initial draw were used to repay the outstanding balance of the revolving line of credit loan due to JPMorgan Chase Bank, N.A. in the amount of $10.1 million, including accrued interest payable, and to pay transaction expenses, and the Company intends to utilize the balance for working capital and general corporate purposes. The outstanding principal amount of the loan must be paid in full by no later than the maturity date of October 31, 2024.

Other Long-Term Borrowings

In connection with the acquisition of Cantaloupe, the Company assumed debt of $1.8 million with an outstanding balance of $0.6 million and $0.8 million as of September 30, 2019 and June 30, 2019, respectively, comprised of: (i) $0.1 million and $0.2 million of promissory notes bearing an interest rate of 5% and maturing on April 5, 2020 with principal and interest payments due monthly; (ii) $0.4 million and $0.4 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) $0.1 million and $0.1 million of promissory notes bearing an interest rate of 12% and maturing on December 15, 2019 with principal and interest payments due quarterly.

ACCOUNTING POLICIES (Policies)	3 Months Ended
ACCOUNTING POLICIES (Policies)	Sep. 30, 2019
Accounting Policies [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS Accounting pronouncements adopted In February 2016, the FASB issued ASU 2016-02, Leases, which requires, among other items, lessees to recognize a right of use asset and a related lease liability for most leases on the balance sheet. Lessees and lessors are required to disclose quantitative and qualitative information about leasing arrangements to enable a user of the financial statements to assess the amount, timing and uncertainty of cash flows arising from leases. ASU 2016-02 is effective for annual reporting periods beginning after December 15, 2018, including interim periods within that reporting period and requires a modified retrospective application, with early adoption permitted. The Company adopted this new guidance on July 1, 2019, using the optional modified retrospective transition method applying the guidance to leases existing as of the effective date. The Company has determined that there was no cumulative-effect adjustment to beginning retained earnings on the consolidated balance sheet. We will continue to report periods prior to July 1, 2019 in our financial statements under prior guidance as outlined in Topic 840. The Company’s adoption of ASU No. 2016-02 resulted in an increase in the Company’s assets and liabilities of approximately $3.9 million at July 1, 2019. The Company’s adoption of ASU No. 2016-02 did not have a material impact to the Company’s consolidated statements of operations or its consolidated statements of cash flows. Further, there was no impact on the Company’s covenant compliance under its current debt agreements as a result of the adoption of ASU No. 2016-02. The Company elected the package of practical expedients included in this guidance, which allowed it to not reassess: (i) whether any expired or existing contracts contain leases; (ii) the lease classification for any expired or existing leases; and, (iii) the initial direct costs for existing leases. From a lessee perspective, the Company elected the practical expedient related to treating lease and non-lease components as a single lease component for all leases as well as electing a policy exclusion permitting leases with an original lease term of less than one year to be excluded from the Right-of-Use (“ROU”) assets and lease liabilities. From a lessor perspective, the Company also elected the practical expedient related to treating lease and non-lease components as a single component for those leases where the timing and pattern of transfer for the non-lease component and associated lease component are the same and the stand-alone lease component would be classified as an operating lease if accounted for separately. The combined component is then accounted for under Topic 606 or Topic 842 depending on the predominant characteristic of the combined component. 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 Company adopted this ASU on July 1, 2019, and its adoption did not have a material effect on the Company’s condensed consolidated financial statements. 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 Company adopted this ASU on July 1, 2019, and its adoption did not have a material effect on the Company’s condensed consolidated financial statements. 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 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 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 expects that the adoption of this ASU would not have a material impact on the Company’s condensed consolidated financial statements.

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended					6 Months Ended	9 Months Ended	12 Months Ended	36 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2018	Mar. 31, 2019	Jun. 30, 2019	Jun. 30, 2019
Revenue	$ 43,359	$ 38,508	$ 37,704	$ 34,486	$ 33,768	$ 68,254	$ 105,958	$ 144,466
Costs of sales	31,943	28,769	27,751	25,051	22,710	47,761	75,512	104,281
Gross profit	11,416	9,739	9,953	9,435	11,058	20,493	30,446	40,185
Operating expenses:
Selling, general and administrative	18,107	15,490	11,156	10,931	9,450	20,381	31,537	47,027
Investigation and restatement expenses	3,565	2,451	1,408	7,188	4,526	11,714	13,122	15,573
Integration and acquisition costs	0	211	24	181	922	1,103	1,127	1,338
Depreciation and amortization	1,022	1,071	1,083	1,143	1,133	2,276	3,359	4,430
Total operating expenses	22,694	19,223	13,671	19,443	16,031	35,474	49,145	68,368
Operating loss	(11,278)	(9,484)	(3,718)	(10,008)	(4,973)	(14,981)	(18,699)	(28,183)
Other income (expense):
Interest income	294	310	348	408	489	897	1,245	1,555
Interest expense	(465)	(474)	(913)	(819)	(786)	(1,605)	(2,518)	(2,992)
Total other income (expense), net	(171)	(164)	(565)	(411)	(297)	(708)	(1,273)	(1,437)
Loss before income taxes	(11,449)	(9,648)	(4,283)	(10,419)	(5,270)	(15,689)	(19,972)	(29,620)
Provision for income taxes	(59)	(202)	(23)	(19)	(18)	(37)	(60)	(262)
Net loss	(11,508)	(9,850)	(4,306)	(10,438)	(5,288)	(15,726)	(20,032)	(29,882)	$ (48,600)
Preferred dividends	(334)	0	(334)	0	(334)	(334)	(668)	(668)
Net loss applicable to common shares	$ (11,842)	$ (9,850)	$ (4,640)	$ (10,438)	$ (5,622)	$ (16,060)	$ (20,700)	$ (30,550)
Net income (loss) per common share
Basic (in dollars per share)	$ (0.20)	$ (0.16)	$ (0.08)	$ (0.17)	$ (0.09)	$ (0.27)	$ (0.34)	$ (0.51)
Diluted (in dollars per share)	$ (0.20)	$ (0.16)	$ (0.08)	$ (0.17)	$ (0.09)	$ (0.27)	$ (0.34)	$ (0.51)
Weighted average number of common shares outstanding
Basic (in shares)	60,096,852	60,065,978	60,065,053	60,059,936	60,053,912	60,056,924	60,059,594	60,061,243
Diluted (in shares)	60,096,852	60,065,978	60,065,053	60,059,936	60,053,912	60,056,924	60,059,594	60,061,243
Service
Revenue	$ 34,609	$ 32,989	$ 31,515	$ 29,733	$ 28,671	$ 58,404	$ 89,919	$ 122,908
Costs of sales	22,089	21,839	20,307	19,462	18,372	37,834	58,141	79,980
Product
Revenue	8,750	5,519	6,189	4,753	5,097	9,850	16,039	21,558
Costs of sales	$ 9,854	$ 6,930	$ 7,444	$ 5,589	$ 4,338	$ 9,927	$ 17,371	$ 24,301

GOODWILL AND INTANGIBLE ASSETS - Summary of Amortizable Intangible Asset (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018
Finite-Lived Intangible Assets [Line Items]
Intangible assets gross	$ 31,685	$ 31,685
Accumulated amortization	(6,298)	(5,514)
Intangible assets, Net	25,387	26,171
Goodwill, Gross	63,945	63,945
Goodwill	63,945	63,945	$ 63,945	$ 63,945	$ 63,945
Intangible Assets, Net (Including Goodwill) [Abstract]
Total intangible assets & goodwill, Gross	95,630	95,630
Total intangible assets & goodwill, Net	89,332	90,116
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Intangible assets gross	2	2
Accumulated amortization	(2)	(2)
Intangible assets, Net	$ 0	$ 0
Useful life	2 years	2 years
Brand and tradenames
Finite-Lived Intangible Assets [Line Items]
Intangible assets gross	$ 1,695	$ 1,695
Accumulated amortization	(527)	(470)
Intangible assets, Net	$ 1,168	$ 1,225
Brand and tradenames \| Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life	3 years	3 years
Brand and tradenames \| Maximum
Finite-Lived Intangible Assets [Line Items]
Useful life	7 years	7 years
Developed technology
Finite-Lived Intangible Assets [Line Items]
Intangible assets gross	$ 10,939	$ 10,939
Accumulated amortization	(3,727)	(3,266)
Intangible assets, Net	$ 7,212	$ 7,673
Developed technology \| Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life	5 years	5 years
Developed technology \| Maximum
Finite-Lived Intangible Assets [Line Items]
Useful life	6 years	6 years
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Intangible assets gross	$ 19,049	$ 19,049
Accumulated amortization	(2,042)	(1,776)
Intangible assets, Net	$ 17,007	$ 17,273
Customer relationships \| Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life	10 years	10 years
Customer relationships \| Maximum
Finite-Lived Intangible Assets [Line Items]
Useful life	18 years	18 years

SUBSEQUENT EVENTS (Details) - USD ($)		1 Months Ended
SUBSEQUENT EVENTS (Details) - USD ($)	Oct. 18, 2019	Oct. 31, 2019	Oct. 17, 2019	Sep. 30, 2019	Jun. 30, 2019
Subsequent Event [Line Items]
Warrants exercisable price (in dollars per share)				$ 5.00	$ 5.00
Chief Executive Officer (CEO) \| Subsequent Event
Subsequent Event [Line Items]
Due from officer			$ 30,000
Preferred Share Purchase Right \| Subsequent Event
Subsequent Event [Line Items]
Purchase right exercisable event, ownership percentage threshold	15.00%
Purchase right redemption price (in dollars per share)	$ 0.01
Warrants exercisable price (in dollars per share)	$ 30
2020 Long-Term Stock Incentive Plan \| Subsequent Event
Subsequent Event [Line Items]
Number of connections performance target weight		40.00%
EBITDA performance target weight		60.00%
Maximum metric award as percentage of target bonus award		150.00%
2020 Long-Term Stock Incentive Plan \| Tranche One \| Subsequent Event
Subsequent Event [Line Items]
Long-term stock incentive plan, vesting		33.33%
2020 Long-Term Stock Incentive Plan \| Tranche Two \| Subsequent Event
Subsequent Event [Line Items]
Long-term stock incentive plan, vesting		33.33%
2020 Long-Term Stock Incentive Plan \| Tranche Three \| Subsequent Event
Subsequent Event [Line Items]
Long-term stock incentive plan, vesting		33.33%
Common Stock \| Preferred Share Purchase Right \| Subsequent Event
Subsequent Event [Line Items]
Number of securities called by each right	1
Junior Participating Preferred Stock \| Preferred Share Purchase Right \| Subsequent Event
Subsequent Event [Line Items]
Number of securities called by each right	0.01

EQUITY

3 Months Ended

Sep. 30, 2019

Equity [Abstract]

EQUITY

WARRANTS

The Company had 23,978 warrants outstanding as of September 30, 2019 and June 30, 2019, 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 which vest 1/3 each year.

The Company did not award any stock options during the quarter ended September 30, 2019.

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



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

Stock based compensation related to all stock options for the three months ended September 30, 2019 was $0.2 million and $0.1 million for the three months ended September 30, 2018.

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, 2019 was $42 thousand and for the three months ended September 30, 2018 was $0.2 million.

LONG TERM INCENTIVE PLANS

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, 2019 and 2018:



	Three months ended September 30,
($ in thousands)	2019		2018
FY18 LTI Plan	$	8	$	30
FY17 LTI Plan	—		26
Total	$	8	$	56

DEBT AND OTHER FINANCING ARRANGEMENTS - Debt and Other Financing Arrangement Summary (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018
Debt Instrument [Line Items]
Revolving Credit Facility	$ 10,000	$ 10,000
Other, including capital lease obligations	1,010	1,323
Less: unamortized issuance costs	0	(8)
Total	11,010	12,773
Less: debt and other financing arrangements, current	(10,826)	(12,497)	$ (13,202)	$ (33,235)	$ (33,889)
Debt and other financing arrangements, noncurrent	184	276	$ 512	$ 632	$ 932
Term Loan
Debt Instrument [Line Items]
Term Loan	$ 0	$ 1,458

- 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

EARNINGS (LOSS) PER SHARE (Tables)

3 Months Ended

Sep. 30, 2019

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)	2019 (as restated)			2018

Numerator for basic and diluted loss per share
Net loss	$	(11,508	)	$	(5,288	)
Preferred dividends	(334		)	(334		)
Net loss applicable to common shareholders	$	(11,842	)	$	(5,622	)

Denominator for basic loss per share - Weighted average shares outstanding	60,096,852			60,053,912
Effect of dilutive potential common shares	—			—
Denominator for diluted loss per share - Adjusted weighted average shares outstanding	60,096,852			60,053,912

Basic loss per share	$	(0.20	)	$	(0.09	)
Diluted loss per share	$	(0.20	)	$	(0.09	)

ACCOUNTING POLICIES	3 Months Ended
ACCOUNTING POLICIES	Sep. 30, 2019
Accounting Policies [Abstract]
ACCOUNTING POLICIES	ACCOUNTING POLICIES RECENT ACCOUNTING PRONOUNCEMENTS Accounting pronouncements adopted In February 2016, the FASB issued ASU 2016-02, Leases, which requires, among other items, lessees to recognize a right of use asset and a related lease liability for most leases on the balance sheet. Lessees and lessors are required to disclose quantitative and qualitative information about leasing arrangements to enable a user of the financial statements to assess the amount, timing and uncertainty of cash flows arising from leases. ASU 2016-02 is effective for annual reporting periods beginning after December 15, 2018, including interim periods within that reporting period and requires a modified retrospective application, with early adoption permitted. The Company adopted this new guidance on July 1, 2019, using the optional modified retrospective transition method applying the guidance to leases existing as of the effective date. The Company has determined that there was no cumulative-effect adjustment to beginning retained earnings on the consolidated balance sheet. We will continue to report periods prior to July 1, 2019 in our financial statements under prior guidance as outlined in Topic 840. The Company’s adoption of ASU No. 2016-02 resulted in an increase in the Company’s assets and liabilities of approximately $3.9 million at July 1, 2019. The Company’s adoption of ASU No. 2016-02 did not have a material impact to the Company’s consolidated statements of operations or its consolidated statements of cash flows. Further, there was no impact on the Company’s covenant compliance under its current debt agreements as a result of the adoption of ASU No. 2016-02. The Company elected the package of practical expedients included in this guidance, which allowed it to not reassess: (i) whether any expired or existing contracts contain leases; (ii) the lease classification for any expired or existing leases; and, (iii) the initial direct costs for existing leases. From a lessee perspective, the Company elected the practical expedient related to treating lease and non-lease components as a single lease component for all leases as well as electing a policy exclusion permitting leases with an original lease term of less than one year to be excluded from the Right-of-Use (“ROU”) assets and lease liabilities. From a lessor perspective, the Company also elected the practical expedient related to treating lease and non-lease components as a single component for those leases where the timing and pattern of transfer for the non-lease component and associated lease component are the same and the stand-alone lease component would be classified as an operating lease if accounted for separately. The combined component is then accounted for under Topic 606 or Topic 842 depending on the predominant characteristic of the combined component. 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 Company adopted this ASU on July 1, 2019, and its adoption did not have a material effect on the Company’s condensed consolidated financial statements. 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 Company adopted this ASU on July 1, 2019, and its adoption did not have a material effect on the Company’s condensed consolidated financial statements. 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 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 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 expects that the adoption of this ASU would not have a material impact on the Company’s condensed consolidated financial statements.

REVENUE

3 Months Ended

Sep. 30, 2019

Revenue from Contract with Customer [Abstract]

REVENUE

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 represent 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, 2019

2020	$	9,867
2021	11,317
2022	9,453
2023	6,514
2024 and thereafter	2,521
Total	$	39,672

Contract Liabilities

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



($ in thousands)				Three months ended September 30, 2019 (as restated)

Deferred revenue, beginning of the period				1,681
Deferred revenue, end of the period				1,649
Revenue recognized in the period from amounts included in deferred revenue at the beginning of the period				129

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

Contract Costs

At September 30, 2019, the Company had net capitalized costs to obtain contracts of $0.3 million included in Prepaid expenses and other current assets and $1.6 million included in Other noncurrent assets on the Condensed Consolidated Balance Sheet. None of these capitalized contract costs were impaired. During the three months ended September 30, 2019, amortization of capitalized contract costs was $0.1 million.

GOODWILL AND INTANGIBLE ASSETS - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense of acquired intangible assets	$ 0.8	$ 0.8

LEASES - Property and Equipment Costs (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018
Property, Plant and Equipment [Line Items]
Net	$ 9,122	$ 9,590	$ 9,422	$ 9,736	$ 9,855
Assets Leased to Others
Property, Plant and Equipment [Line Items]
Cost	31,866
Accumulated depreciation	(26,355)
Net	$ 5,511
Cost		36,190
Accumulated depreciation		(30,473)
Net		$ 5,717

GOODWILL AND INTANGIBLE ASSETS (Tables)

3 Months Ended

Sep. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of intangible asset balances

Intangible asset balances and goodwill consisted of the following:



	As of September 30, 2019 (as restated)
($ in thousands)	Gross		Accumulated Amortization			Net		Amortization Period
Intangible assets:
Non-compete agreements	$	2	$	(2	)	$	—	2 years
Brand and tradenames	1,695		(527		)	1,168		3 - 7 years
Developed technology	10,939		(3,727		)	7,212		5 - 6 years
Customer relationships	19,049		(2,042		)	17,007		10 - 18 years
Total intangible assets	$	31,685	$	(6,298	)	$	25,387

Goodwill	63,945		—			63,945		Indefinite

Total intangible assets & goodwill	$	95,630	$	(6,298	)	$	89,332



	As of June 30, 2019
($ in thousands)	Gross		Accumulated Amortization			Net		Amortization Period
Intangible assets:
Non-compete agreements	$	2	$	(2	)	$	—	2 years
Brand and tradenames	1,695		(470		)	1,225		3 - 7 years
Developed technology	10,939		(3,266		)	7,673		5 - 6 years
Customer relationships	19,049		(1,776		)	17,273		10 - 18 years
Total intangible assets	$	31,685	$	(5,514	)	$	26,171

Goodwill	63,945		—			63,945		Indefinite

Total intangible assets & goodwill	$	95,630	$	(5,514	)	$	90,116

EARNINGS (LOSS) PER SHARE - Additional Information (Details) - shares	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Earnings Per Share [Abstract]
Antidilutive shares excluded from the calculation of diluted earnings per shares (in shares)	1,293,317	1,420,301

FINANCE RECEIVABLES (Tables)

3 Months Ended

Sep. 30, 2019

Receivables [Abstract]

Schedule of finance receivables

As of September 30, 2019 and June 30, 2019 finance receivables consist of the following:



($ in thousands)	September 30, 2019 (as restated)		June 30, 2019
Finance receivables, net	$	7,445	6,727
Finance receivables due after one year, net	12,379		12,642
Total finance receivables, net of allowance of $607 and $606, respectively	$	19,824	$	19,369

Schedule of credit quality indicators

At September 30, 2019 and June 30, 2019, credit quality indicators consisted of the following:



($ in thousands)	September 30, 2019 (as restated)		June 30, 2019
Performing	$	19,824	$	19,369
Nonperforming	607		606
Total	$	20,431	$	19,975

Schedule of age analysis of past due finance receivables

An aged analysis of the Company's finance receivables as of September 30, 2019 and June 30, 2019 is as follows:



($ in thousands)	September 30, 2019 (as restated)		June 30, 2019
Current	$	19,236	$	19,133
30 days and under past due	182		190
31 - 60 days past due	79		49
61 - 90 days past due	200		146
Greater than 90 days past due	734		457
Total finance receivables	$	20,431	$	19,975

Schedule of financing receivable

Cash to be collected on our finance receivables due for each of the fiscal years are as follows (as restated):



($ in thousands)
2020	$	8,115
2021	5,735
2022	5,091
2023	3,483
2024	1,651
Thereafter	255
Total amounts to be collected	24,330
Less: interest	$	3,899
Total finance receivables	$	20,431

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
OPERATING ACTIVITIES:
Net loss	$ (11,508)	$ (5,288)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Non-cash stock based compensation	290	415
Gain on disposal of property and equipment	(15)	7
Non-cash interest and amortization of debt discount	338	22
Bad debt expense	(110)	509
Provision for inventory reserve	574	212
Depreciation and amortization	1,656	1,975
Non-cash lease expense	491
Deferred income taxes	5	4
Changes in operating assets and liabilities:
Accounts receivable	3,286	(3,663)
Finance receivables, net	(454)	(409)
Inventory, net	1,232	1,707
Prepaid expenses and other assets	(412)	(220)
Accounts payable and accrued expenses	5,290	(8,665)
Operating lease liabilities	(399)
Deferred revenue	(33)	(210)
Income taxes payable	(2)	11
Net cash provided by (used in) operating activities	229	(13,593)
INVESTING ACTIVITIES:
Purchase of property and equipment, including rentals	(420)	(1,222)
Proceeds from sale of property and equipment, including rentals	30	30
Net cash used in investing activities	(390)	(1,192)
FINANCING ACTIVITIES:
Repayment of capital lease obligations and long-term debt	(1,763)	(959)
Proceeds from exercise of common stock options	0	42
Net cash used in financing activities	(1,763)	(917)
Net (decrease) increase in cash and cash equivalents	(1,924)	(15,702)
Cash and cash equivalents at beginning of year	27,464	83,964
Cash and cash equivalents at end of period	25,540	68,262
Supplemental disclosures of cash flow information:
Interest paid in cash	$ 205	$ 740

LEASES - Components of Lease Costs (Details) $ in Thousands	3 Months Ended
LEASES - Components of Lease Costs (Details) $ in Thousands	Sep. 30, 2019 USD ($)
Leases [Abstract]
Amortization of ROU assets	$ 31
Interest on lease assets	3
Operating lease costs	701
Total lease costs	$ 735

BUSINESS - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands, shares in Millions			3 Months Ended					6 Months Ended	9 Months Ended		12 Months Ended	36 Months Ended
	Oct. 31, 2019	Oct. 09, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2018	Apr. 30, 2021	Mar. 31, 2019	Jun. 30, 2019	Jun. 30, 2019
Debt Instrument [Line Items]
Cash			$ 25,540	$ 27,464	$ 32,788	$ 63,193	$ 68,262	$ 63,193		$ 32,788	$ 27,464	$ 27,464
Working capital deficit			(7,400)
Current maturities			10,000
Sales tax liability and interest			18,000
Net loss			$ 11,508	$ 9,850	$ 4,306	$ 10,438	$ 5,288	$ 15,726		$ 20,032	$ 29,882	$ 48,600
Private Placement \| Subsequent Event
Debt Instrument [Line Items]
Sale of stock (in shares)		3.8
Sale of stock (in dollars per share)		$ 5.25
Offering proceeds, gross		$ 19,950
Cash placement fee		1,200
Commitment Letter \| Subsequent Event \| Term Loan
Debt Instrument [Line Items]
First draw	$ 15,000
Interest rate	9.75%
Forecast \| Commitment Letter \| Subsequent Event \| Term Loan
Debt Instrument [Line Items]
Maximum borrowing capacity		30,000
Commitment fee		1,200
Cash placement fee		$ 750
Second draw									$ 15,000

LEASES - Weighted-Average Remaining Lease Term and Weighted-Average Discount Rate (Details)	Sep. 30, 2019
Leases [Abstract]
Weighted-average remaining lease term, Finance leases	1 year 6 months 18 days
Weighted-average remaining lease term, Operating leases	5 years 7 months 5 days
Weighted-average discount rate, Finance Leases	10.00%
Weighted-average discount rate, Operating leases	6.80%

INCOME TAXES - (Details) - USD ($) $ in Thousands	3 Months Ended					6 Months Ended	9 Months Ended	12 Months Ended
INCOME TAXES - (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2018	Mar. 31, 2019	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Provision for income taxes	$ (59)	$ (202)	$ (23)	$ (19)	$ (18)	$ (37)	$ (60)	$ (262)
Unrecognized income tax benefit	$ 200

RESTATEMENT AND REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS Condensed Consolidated Statements of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended					6 Months Ended	9 Months Ended	12 Months Ended	36 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2018	Mar. 31, 2019	Jun. 30, 2019	Jun. 30, 2019
Net Cash Provided by (Used in) Operating Activities [Abstract]
Net loss	$ (11,508)	$ (9,850)	$ (4,306)	$ (10,438)	$ (5,288)	$ (15,726)	$ (20,032)	$ (29,882)	$ (48,600)
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Non-cash stock based compensation	290				415	972	1,393	1,750
(Gain) loss on disposal of property and equipment	(15)				7	(29)	(39)	672
Non-cash interest and amortization of debt discount	338				22	45	286	301
Bad debt expense	(110)				509	1,308	1,537	2,534
Provision for inventory reserve	574				212	1,211	2,699	3,172
Depreciation and amortization	1,656				1,975	3,972	5,899	7,504
Non-cash lease expense	491						14
Deferred income taxes	5				4	9		(7)
Accounts receivable	3,286				(3,663)	4,332	(6,288)	(8,706)
Finance receivables, net	(454)				(409)	(109)	(182)	(669)
Inventory, net	1,232				1,707	284	(5,349)	(5,607)
Prepaid expenses and other assets	(412)				(220)	(1,588)	(1,545)	(395)
Accounts payable and accrued expenses	5,290				(8,665)	(11,095)	(3,836)	1,039
Operating lease liabilities	(399)
Deferred revenue	(33)				(210)	(201)	(316)	(132)
Income taxes payable	(2)				11	25	42	254
Net cash provided by (used in) operating activities	229				(13,593)	(16,590)	(25,717)	(28,172)
Net Cash Provided by (Used in) Investing Activities [Abstract]
Purchase of property and equipment, including rentals	(420)				(1,222)	(2,324)	(3,156)	(4,875)
Proceeds from sale of property and equipment, including rentals	30				30	82	103	116
Net cash used in investing activities	(390)				(1,192)	(2,242)	(3,053)	(4,759)
Net Cash Provided by (Used in) Financing Activities [Abstract]
Proceeds from exercise of common stock options	0				42	42	42	42
Cash used for repurchase of common stock awards								(120)
Cash used in retirement of common stock								(81)
Payment of debt issuance costs						(53)	(135)	(156)
Repayment of capital lease obligations and long-term debt	(1,763)				(959)	(1,928)	(22,313)	(23,254)
Net cash used in financing activities	(1,763)				(917)	(1,939)	(22,406)	(23,569)
Net (decrease) increase in cash and cash equivalents	(1,924)				(15,702)	(20,771)	(51,176)	(56,500)
Cash and cash equivalents at beginning of year	27,464	32,788	63,193	68,262	83,964	83,964	83,964	83,964
Cash and cash equivalents at end of period	25,540	27,464	32,788	63,193	68,262	63,193	32,788	27,464	27,464
As Previously Reported
Net Cash Provided by (Used in) Operating Activities [Abstract]
Net loss	(12,897)	(10,541)	(4,510)	(10,657)	(6,320)	(16,977)	(21,487)	(32,028)
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Non-cash stock based compensation	290				415	972	1,393	1,750
(Gain) loss on disposal of property and equipment	(15)				7	(29)	(39)	672
Non-cash interest and amortization of debt discount	338				22	45	286	301
Bad debt expense	(110)				509	1,308	1,537	2,534
Provision for inventory reserve	574				212	1,211	2,699	3,172
Depreciation and amortization	1,213				2,147	4,257	6,300	8,009
Non-cash lease expense	491						14
Deferred income taxes	5				4	9		(7)
Accounts receivable	4,677				(3,678)	4,312	(6,283)	(8,488)
Finance receivables, net	(384)				(63)	348	368	(8)
Inventory, net	992				1,707	284	(5,349)	(5,242)
Prepaid expenses and other assets	(412)				(220)	(1,588)	(1,545)	(395)
Accounts payable and accrued expenses	4,459				(8,665)	(11,095)	(3,866)	873
Operating lease liabilities	(399)
Deferred revenue	1,409				(210)	(201)	(316)	(98)
Income taxes payable	(2)				11	25	42	254
Net cash provided by (used in) operating activities	229				(14,122)	(17,119)	(26,246)	(28,701)
Net Cash Provided by (Used in) Investing Activities [Abstract]
Purchase of property and equipment, including rentals	(420)				(693)	(1,795)	(2,627)	(4,346)
Proceeds from sale of property and equipment, including rentals	30				30	82	103	116
Net cash used in investing activities	(390)				(663)	(1,713)	(2,524)	(4,230)
Net Cash Provided by (Used in) Financing Activities [Abstract]
Proceeds from exercise of common stock options					42	42	42	42
Cash used for repurchase of common stock awards								(120)
Cash used in retirement of common stock								(81)
Payment of debt issuance costs						(53)	(135)	(156)
Repayment of capital lease obligations and long-term debt	(1,763)				(959)	(1,928)	(22,313)	(23,254)
Net cash used in financing activities	(1,763)				(917)	(1,939)	(22,406)	(23,569)
Net (decrease) increase in cash and cash equivalents	(1,924)				(15,702)	(20,771)	(51,176)	(56,500)
Cash and cash equivalents at beginning of year	27,464	32,788	63,193	68,262	83,964	83,964	83,964	83,964
Cash and cash equivalents at end of period	25,540	27,464	32,788	63,193	68,262	63,193	32,788	27,464	27,464
Adjustments
Net Cash Provided by (Used in) Operating Activities [Abstract]
Net loss	1,389	691	204	219	1,032	1,251	1,455	2,146
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Non-cash stock based compensation	0				0	0	0	0
(Gain) loss on disposal of property and equipment	0				0	0	0	0
Non-cash interest and amortization of debt discount	0				0	0	0	0
Bad debt expense	0				0	0	0	0
Provision for inventory reserve	0				0	0	0	0
Depreciation and amortization	443				(172)	(285)	(401)	(505)
Non-cash lease expense	0						0
Deferred income taxes	0				0	0		0
Accounts receivable	(1,391)				15	20	(5)	(218)
Finance receivables, net	(70)				(346)	(457)	(550)	(661)
Inventory, net	240				0	0	0	(365)
Prepaid expenses and other assets	0				0	0	0	0
Accounts payable and accrued expenses	831				0	0	30	166
Operating lease liabilities	0
Deferred revenue	(1,442)				0	0	0	(34)
Income taxes payable	0				0	0	0	0
Net cash provided by (used in) operating activities	0				529	529	529	529
Net Cash Provided by (Used in) Investing Activities [Abstract]
Purchase of property and equipment, including rentals	0				(529)	(529)	(529)	(529)
Proceeds from sale of property and equipment, including rentals	0				0	0	0	0
Net cash used in investing activities	0				(529)	(529)	(529)	(529)
Net Cash Provided by (Used in) Financing Activities [Abstract]
Proceeds from exercise of common stock options					0	0	0	0
Cash used for repurchase of common stock awards								0
Cash used in retirement of common stock								0
Payment of debt issuance costs						0	0	0
Repayment of capital lease obligations and long-term debt	0				0	0	0	0
Net cash used in financing activities	0				0	0	0	0
Net (decrease) increase in cash and cash equivalents	0				0	0	0	0
Cash and cash equivalents at beginning of year	0	0	0	0	0	0	0	0
Cash and cash equivalents at end of period	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0

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]
Beginning balance	$ 175
Plus: additions	26	$ 2,100
Less: cash payments	0
Ending balance	$ 201	$ 175

DEBT AND OTHER FINANCING ARRANGEMENTS - Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Debt Instrument [Line Items]
Interest expense	$ 465	$ 786
Line of Credit \| Revolving Credit Facility
Debt Instrument [Line Items]
Interest expense	77	175
Term Loan
Debt Instrument [Line Items]
Interest expense	160	350
Other
Debt Instrument [Line Items]
Interest expense	$ 228	$ 261

LEASES

3 Months Ended

Sep. 30, 2019

Leases [Abstract]

LEASES

Lessee Accounting

The Company determines if an arrangement is a lease at inception. The Company has operating and finance leases for office space, warehouses, automobiles and office equipment. USAT’s leases have lease terms of one year to eight years and some include options to extend and/or terminate the lease. The exercise of lease renewal options is at the Company’s sole discretion. When deemed reasonably certain of exercise, the renewal options are included in the determination of the lease term. The Company’s lease agreements do not contain any material variable lease payments, material residual value guarantees or any material restrictive covenants.

ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date of the lease based on the present value of lease payments over the lease term. As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The operating lease ROU asset also includes any lease payments made and excludes lease incentives. USAT has lease agreements with lease and non-lease components, which are accounted for together as a single lease component. Lease expense for operating lease payments are recognized on a straight-line basis over the lease term.

Variable lease payments that are not based on an index or that result from changes to an index subsequent to the initial measurement of the corresponding lease liability are not included in the measurement of lease ROU assets or liabilities and instead are recognized in earnings in the period in which the obligation for those payments is incurred.

At September 30, 2019, the Company has the following balances recorded in the balance sheet related to its lease arrangements:



($ in thousands)	Classification	As of September 30, 2019

Assets
Operating leases	Operating lease right-of-use assets	$	6,514
Finance leases	Property and equipment, net	112

Liabilities
Current:
Operating leases	Accrued expenses	1,194
Finance leases	Capital lease obligations and current obligations under long-term debt	90

Non-current:
Operating leases	Operating lease liabilities, non-current	5,327
Finance leases	Capital lease obligations and long-term debt, less current portion	$	25

Components of lease cost are as follows:



($ in thousands)	Three months ended September 30, 2019

Finance lease costs:
Amortization of ROU assets	$	31
Interest on lease assets	3
Operating lease costs*	701
Total	$	735

* Includes short-term lease and variable lease costs, which are not material.

Supplemental cash flow information and non-cash activity related to our leases are as follows:



($ in thousands)	Three months ended September 30, 2019

Supplemental cash flow information:
Cash paid for amounts included in the measurement of lease liabilities
Financing cash flows from finance leases	$	23
Operating cash flows from finance leases	3
Operating cash flows from operating leases	495

Non-cash activity
Right-of-use assets obtained in exchange for lease obligations:
Finance lease liabilities	—
Operating lease liabilities	$	3,071

Weighted-average remaining lease term and discount rate (as restated) for our leases are as follows:



	Three months ended September 30, 2019

Weighted-average remaining lease term
Finance leases	1.5
Operating leases	5.6

Weighted-average discount rate
Finance leases	10.0	%
Operating leases	6.8	%

Maturities of lease liabilities by fiscal year for our leases are as follows:



($ in thousands)	Operating Leases		Finance Leases
Remainder of 2020	$	1,259	$	79
2021	1,361		41
2022	1,379		12
2023	1,400		1
2024	998		1
Thereafter	1,520		—
Total lease payments	$	7,917	$	134
Less: Imputed interest	1,396		19
Present value of lease liabilities	$	6,521	$	115

In September 2019, the Company entered into an amendment to the lease for its headquarters in Malvern, Pennsylvania that has not yet commenced. The amendment grants the Company approximately 3,400 additional square feet of space in exchange for future minimum lease payments of approximately $350 thousand. The amendment did not alter the lease term and will expire on November 30, 2023.

The Company's future minimum lease commitments as of June 30, 2019, under ASC Topic 840, the predecessor to Topic 842, are as follows:



($ in thousands)	Operating Leases		Capital Leases
2020	$	1,326	$	106
2021	1,151		34
2022	1,180		12
2023	1,208		1
2024	859		1
Thereafter	1,550		—
Total minimum lease payments	$	7,274	$	154
Less: interest			(14		)
Present value of minimum lease payments, net			140
Less: current obligations under capital leases			(106		)
Obligations under capital leases, noncurrent			$	34

Lessor Accounting

Lessor accounting remained substantially unchanged with the adoption of ASC Topic 842. The Company offers its customers financing for the lease of our POS electronic payment devices. We account for these transactions as sales-type leases. Our sales-type leases generally have a non-cancellable term of 60 months. Certain leases contain an end-of-term purchase option that is generally insignificant and is reasonably certain to be exercised by the lessee. Leases that do not meet the criteria for sales-type lease accounting are accounted for as operating leases, typically our JumpStart program leases. JumpStart terms are typically 36 months and are cancellable with 30 to 60 days' written notice. As discussed in Note 3, the Company has elected to combine lease and non-lease components for its operating leases and account for the combined components under ASC 606, which is the predominant characteristic of the combined components. All QuickStart leases are sales-type and do not qualify for the election.

Lessor consideration is allocated between lease components and the non-lease components using the requirements under ASC 606. Revenue from sales-type leases is recognized upon shipment to the customer and the interest portion is deferred and recognized as earned. The revenues related to the sales-type leases are included in Equipment sales in the Consolidated Statements of Operations and a portion of the lease payments as interest income. Revenue from operating leases is recognized ratably over the applicable service period with service fee revenue related to the leases included in License and transaction fees in the Consolidated Statements of Operations.

Property and equipment used for the operating lease rental program consisted of the following:



($ in thousands)	September 30, 2019 (as restated)			June 30, 2019
Cost	$	31,866		36,190
Accumulated depreciation	(26,355		)	(30,473		)
Net	$	5,511		$	5,717

The June 30, 2019 property and equipment balances used for the operating lease rental program have been revised. Refer to Note 2 - Restatement and Revision of Prior Period Financial Statements. The Company’s net investment in sales-type leases (carrying value of lease receivables) and the future minimum amounts to be collected on these lease receivables as of September 30, 2019 are disclosed within the Finance Receivables footnote. Refer to Note 7 for additional information.

LEASES

Lessee Accounting

At September 30, 2019, the Company has the following balances recorded in the balance sheet related to its lease arrangements:



($ in thousands)	Classification	As of September 30, 2019

Assets
Operating leases	Operating lease right-of-use assets	$	6,514
Finance leases	Property and equipment, net	112

Liabilities
Current:
Operating leases	Accrued expenses	1,194
Finance leases	Capital lease obligations and current obligations under long-term debt	90

Non-current:
Operating leases	Operating lease liabilities, non-current	5,327
Finance leases	Capital lease obligations and long-term debt, less current portion	$	25

Components of lease cost are as follows:



($ in thousands)	Three months ended September 30, 2019

Finance lease costs:
Amortization of ROU assets	$	31
Interest on lease assets	3
Operating lease costs*	701
Total	$	735

* Includes short-term lease and variable lease costs, which are not material.

Supplemental cash flow information and non-cash activity related to our leases are as follows:



($ in thousands)	Three months ended September 30, 2019

Supplemental cash flow information:
Cash paid for amounts included in the measurement of lease liabilities
Financing cash flows from finance leases	$	23
Operating cash flows from finance leases	3
Operating cash flows from operating leases	495

Non-cash activity
Right-of-use assets obtained in exchange for lease obligations:
Finance lease liabilities	—
Operating lease liabilities	$	3,071

Weighted-average remaining lease term and discount rate (as restated) for our leases are as follows:



	Three months ended September 30, 2019

Weighted-average remaining lease term
Finance leases	1.5
Operating leases	5.6

Weighted-average discount rate
Finance leases	10.0	%
Operating leases	6.8	%

Maturities of lease liabilities by fiscal year for our leases are as follows:



($ in thousands)	Operating Leases		Finance Leases
Remainder of 2020	$	1,259	$	79
2021	1,361		41
2022	1,379		12
2023	1,400		1
2024	998		1
Thereafter	1,520		—
Total lease payments	$	7,917	$	134
Less: Imputed interest	1,396		19
Present value of lease liabilities	$	6,521	$	115

The Company's future minimum lease commitments as of June 30, 2019, under ASC Topic 840, the predecessor to Topic 842, are as follows:



($ in thousands)	Operating Leases		Capital Leases
2020	$	1,326	$	106
2021	1,151		34
2022	1,180		12
2023	1,208		1
2024	859		1
Thereafter	1,550		—
Total minimum lease payments	$	7,274	$	154
Less: interest			(14		)
Present value of minimum lease payments, net			140
Less: current obligations under capital leases			(106		)
Obligations under capital leases, noncurrent			$	34

Lessor Accounting

Property and equipment used for the operating lease rental program consisted of the following:



($ in thousands)	September 30, 2019 (as restated)			June 30, 2019
Cost	$	31,866		36,190
Accumulated depreciation	(26,355		)	(30,473		)
Net	$	5,511		$	5,717

LEASES

Lessee Accounting

At September 30, 2019, the Company has the following balances recorded in the balance sheet related to its lease arrangements:



($ in thousands)	Classification	As of September 30, 2019

Assets
Operating leases	Operating lease right-of-use assets	$	6,514
Finance leases	Property and equipment, net	112

Liabilities
Current:
Operating leases	Accrued expenses	1,194
Finance leases	Capital lease obligations and current obligations under long-term debt	90

Non-current:
Operating leases	Operating lease liabilities, non-current	5,327
Finance leases	Capital lease obligations and long-term debt, less current portion	$	25

Components of lease cost are as follows:



($ in thousands)	Three months ended September 30, 2019

Finance lease costs:
Amortization of ROU assets	$	31
Interest on lease assets	3
Operating lease costs*	701
Total	$	735

* Includes short-term lease and variable lease costs, which are not material.

Supplemental cash flow information and non-cash activity related to our leases are as follows:



($ in thousands)	Three months ended September 30, 2019

Supplemental cash flow information:
Cash paid for amounts included in the measurement of lease liabilities
Financing cash flows from finance leases	$	23
Operating cash flows from finance leases	3
Operating cash flows from operating leases	495

Non-cash activity
Right-of-use assets obtained in exchange for lease obligations:
Finance lease liabilities	—
Operating lease liabilities	$	3,071

Weighted-average remaining lease term and discount rate (as restated) for our leases are as follows:



	Three months ended September 30, 2019

Weighted-average remaining lease term
Finance leases	1.5
Operating leases	5.6

Weighted-average discount rate
Finance leases	10.0	%
Operating leases	6.8	%

Maturities of lease liabilities by fiscal year for our leases are as follows:



($ in thousands)	Operating Leases		Finance Leases
Remainder of 2020	$	1,259	$	79
2021	1,361		41
2022	1,379		12
2023	1,400		1
2024	998		1
Thereafter	1,520		—
Total lease payments	$	7,917	$	134
Less: Imputed interest	1,396		19
Present value of lease liabilities	$	6,521	$	115

The Company's future minimum lease commitments as of June 30, 2019, under ASC Topic 840, the predecessor to Topic 842, are as follows:



($ in thousands)	Operating Leases		Capital Leases
2020	$	1,326	$	106
2021	1,151		34
2022	1,180		12
2023	1,208		1
2024	859		1
Thereafter	1,550		—
Total minimum lease payments	$	7,274	$	154
Less: interest			(14		)
Present value of minimum lease payments, net			140
Less: current obligations under capital leases			(106		)
Obligations under capital leases, noncurrent			$	34

Lessor Accounting

Property and equipment used for the operating lease rental program consisted of the following:



($ in thousands)	September 30, 2019 (as restated)			June 30, 2019
Cost	$	31,866		36,190
Accumulated depreciation	(26,355		)	(30,473		)
Net	$	5,511		$	5,717

LEASES

Lessee Accounting

At September 30, 2019, the Company has the following balances recorded in the balance sheet related to its lease arrangements:



($ in thousands)	Classification	As of September 30, 2019

Assets
Operating leases	Operating lease right-of-use assets	$	6,514
Finance leases	Property and equipment, net	112

Liabilities
Current:
Operating leases	Accrued expenses	1,194
Finance leases	Capital lease obligations and current obligations under long-term debt	90

Non-current:
Operating leases	Operating lease liabilities, non-current	5,327
Finance leases	Capital lease obligations and long-term debt, less current portion	$	25

Components of lease cost are as follows:



($ in thousands)	Three months ended September 30, 2019

Finance lease costs:
Amortization of ROU assets	$	31
Interest on lease assets	3
Operating lease costs*	701
Total	$	735

* Includes short-term lease and variable lease costs, which are not material.

Supplemental cash flow information and non-cash activity related to our leases are as follows:



($ in thousands)	Three months ended September 30, 2019

Supplemental cash flow information:
Cash paid for amounts included in the measurement of lease liabilities
Financing cash flows from finance leases	$	23
Operating cash flows from finance leases	3
Operating cash flows from operating leases	495

Non-cash activity
Right-of-use assets obtained in exchange for lease obligations:
Finance lease liabilities	—
Operating lease liabilities	$	3,071

Weighted-average remaining lease term and discount rate (as restated) for our leases are as follows:



	Three months ended September 30, 2019

Weighted-average remaining lease term
Finance leases	1.5
Operating leases	5.6

Weighted-average discount rate
Finance leases	10.0	%
Operating leases	6.8	%

Maturities of lease liabilities by fiscal year for our leases are as follows:



($ in thousands)	Operating Leases		Finance Leases
Remainder of 2020	$	1,259	$	79
2021	1,361		41
2022	1,379		12
2023	1,400		1
2024	998		1
Thereafter	1,520		—
Total lease payments	$	7,917	$	134
Less: Imputed interest	1,396		19
Present value of lease liabilities	$	6,521	$	115

The Company's future minimum lease commitments as of June 30, 2019, under ASC Topic 840, the predecessor to Topic 842, are as follows:



($ in thousands)	Operating Leases		Capital Leases
2020	$	1,326	$	106
2021	1,151		34
2022	1,180		12
2023	1,208		1
2024	859		1
Thereafter	1,550		—
Total minimum lease payments	$	7,274	$	154
Less: interest			(14		)
Present value of minimum lease payments, net			140
Less: current obligations under capital leases			(106		)
Obligations under capital leases, noncurrent			$	34

Lessor Accounting

Property and equipment used for the operating lease rental program consisted of the following:



($ in thousands)	September 30, 2019 (as restated)			June 30, 2019
Cost	$	31,866		36,190
Accumulated depreciation	(26,355		)	(30,473		)
Net	$	5,511		$	5,717

ACCOUNTING POLICIES (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jul. 01, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018
Accounting Policies [Line Items]
Assets	$ 182,352		$ 183,375	$ 188,755	$ 205,629	$ 218,864
Liabilities	$ 76,009		$ 65,814	$ 61,497	$ 74,402	$ 77,756
Accounting Standards Update 2016-02
Accounting Policies [Line Items]
Assets		$ 3,900
Liabilities		$ 3,900

EQUITY - Common Stock (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended	9 Months Ended	12 Months Ended
EQUITY - Common Stock (Details) - USD ($) $ in Thousands	Jul. 02, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018	Mar. 31, 2019	Jun. 30, 2019
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Non-cash stock based compensation		$ 290	$ 415	$ 972	$ 1,393	$ 1,750
Individual Non-employee Director \| Common stock equivalents
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Shares granted (in shares)	6,677
Non Employee Director \| Common stock equivalents
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Shares granted (in shares)	40,062
Award vesting period	2 years
Non-cash stock based compensation		$ 42	$ 200

DEBT AND OTHER FINANCING ARRANGEMENTS - Other Long-Term Borrowings (Details) - Cantaloupe - USD ($) $ in Millions	Sep. 30, 2019	Jun. 30, 2019	Nov. 09, 2017
Debt Instrument [Line Items]
Long-term debt	$ 0.6	$ 0.8	$ 1.8
Notes Five Percent Due April 2020
Debt Instrument [Line Items]
Long-term debt	$ 0.1	0.2
Interest rate	5.00%
Notes Ten Percent Due September 2021
Debt Instrument [Line Items]
Long-term debt	$ 0.4
Interest rate	10.00%
Notes Twelve Percent Due December 2019
Debt Instrument [Line Items]
Long-term debt	$ 0.1	$ 0.1
Interest rate	12.00%

DEBT AND OTHER FINANCING ARRANGEMENTS (Tables)

3 Months Ended

Sep. 30, 2019

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The Company's debt and other financing arrangements as of September 30, 2019 and June 30, 2019 consisted of the following:



	As of September 30,			As of June 30,
($ in thousands)	2019			2019

Revolving Credit Facility	$	10,000		$	10,000
Term Loan	—			1,458
Other, including capital lease obligations	1,010			1,323
Less: unamortized issuance costs	—			(8		)
Total	11,010			12,773
Less: debt and other financing arrangements, current	(10,826		)	(12,497		)
Debt and other financing arrangements, noncurrent	$	184		$	276

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



	Three months ended September 30,
($ in thousands)	2019		2018
Revolving Credit Facility	$	77	$	175
Term Loan	160		350
Other interest expense	228		261
Total interest expense	$	465	$	786

- 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
-SubTopic 30
-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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
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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
-SubTopic 470
-Section 50
-Paragraph 3
-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

RESTRUCTURING/INTEGRATION COSTS

3 Months Ended

Sep. 30, 2019

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, 2019:



($ in thousands)	Workforce reduction
Balance at July 1, 2019	$	175
Plus: additions	26
Less: cash payments	—
Balance at September 30, 2019	$	201

LEASES - Maturities of Lease Liabilities (Details) $ in Thousands	Sep. 30, 2019 USD ($)
Operating Leases
Remainder of 2020	$ 1,259
2021	1,361
2022	1,379
2023	1,400
2024	998
Thereafter	1,520
Total lease payments	7,917
Less: Imputed interest	1,396
Present value of lease liabilities	6,521
Finance Leases
Remainder of 2020	79
2021	41
2022	12
2023	1
2024	1
Thereafter	0
Total lease payments	134
Less: Imputed interest	19
Present value of lease liabilities	$ 115