MoneyOnMobile (MOMT) 10-Q 19 Sep 16 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jun. 30, 2016	Sep. 12, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	Calpian, Inc.
Entity Central Index Key	1,414,628
Current Fiscal Year End Date	--03-31
Entity Filer Category	Smaller Reporting Company
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding (in shares)		54,627,797

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2016	Mar. 31, 2016
Current Assets
Cash and equivalents	$ 2,839,321	$ 2,119,794
Due from distributors	4,843,926	4,938,790
Other current assets	960,639	1,537,668
Total current assets	8,643,886	8,596,252
Property and equipment, net	3,448,140	3,508,835
Goodwill	13,561,352	13,810,117
Other intangible assets, net	4,416,511	4,640,092
Other non-current assets	628,489	948,721
Total assets	30,698,378	31,504,017
Current Liabilities
Accounts payable	1,967,140	2,789,486
Accrued liabilities	3,086,447	3,220,242
Related party payables	1,261,421	1,215,401
Current portion of long-term debt	668,988	895,609
Advances from distributors	2,739,454	4,013,509
Put liability - Noncontrolling interest investment	3,000,000	3,000,000
Total current liabilities	12,723,450	15,134,247
Long-term debt	5,517,200	5,167,558
Other non-current liabilities	203,139	208,816
Total liabilities	18,443,789	20,510,621
Commitments and contingencies
Preferred stock Series D, 2,200 authorized, 2,142 and 600 shares issued and outstanding as of June 30 and March 31, 2016, respectively	2,141,535	600,000
Shareholders' Equity
Preferred stock Series E, 25,000 authorized, 2,330 and zero shares issued and outstanding as of June 30 and March 31, 2016, respectively	2	0
Common stock 200,000,000 shares authorized, 51,147,145 and 50,648,438 shares issued and outstanding as of June 30 and March 31, 2016, respectively	51,147	50,648
Additional paid-in capital	49,323,799	46,473,010
Accumulated deficit	(41,824,995)	(40,089,408)
Cumulative other comprehensive loss	(1,740,190)	(1,429,525)
Total MoneyOnMobile, Inc. shareholders’ equity	5,809,763	5,004,725
Noncontrolling interest	4,303,291	5,388,671
Total shareholders' equity	10,113,054	10,393,396
Total liabilities and shareholders' equity	$ 30,698,378	$ 31,504,017

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - shares	Jun. 30, 2016	Mar. 31, 2016
Statement of Financial Position [Abstract]
Temporary equity, shares authorized (in shares)	2,200	2,200
Temporary equity, shares issued (in shares)	2,142	600
Temporary equity, shares outstanding (in shares)	2,142	600
Preferred stock, shares authorized (in shares)	25,000	25,000
Preferred stock, shares issued (in shares)	2,330	0
Preferred stock, shares outstanding (in shares)	2,330	0
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	51,147,145	50,648,438
Common stock, shares outstanding (in shares)	51,147,145	50,648,438

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Operations and Comprehensive Loss - USD ($)	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Revenues, net	$ 1,409,395	$ 1,273,242
Cost of revenues	664,126	749,417
Gross profit	745,269	523,825
General and administrative expenses
Salaries and wages	756,318	803,541
Selling, general and administrative	1,856,475	1,676,274
Depreciation and amortization	194,146	243,276
Total general and administrative	2,806,939	2,723,091
Operating loss	(2,061,670)	(2,199,266)
Other income (expenses)
Interest expense	(375,942)	(400,268)
Other	0	9,514
Total other income (expenses)	(375,942)	(390,754)
Loss from continuing operations, before income tax	(2,437,612)	(2,590,020)
Income tax expense	0	0
Loss from continuing operations	(2,437,612)	(2,590,020)
Loss from discontinued operations, net of tax	0	(102,744)
Net loss	(2,437,612)	(2,692,764)
Net loss attributable to noncontrolling interest	(702,025)	(365,391)
Net loss attributable to MoneyOnMobile, Inc. shareholders	(1,735,587)	(2,327,373)
Other comprehensive (loss) income:
Currency translation adjustments, net of tax	(428,503)	(627,118)
Total comprehensive loss	(2,866,115)	(3,319,882)
Comprehensive (loss) income attributable to:
Noncontrolling interest	(819,863)	(546,107)
MoneyOnMobile, Inc. shareholders	$ (2,046,252)	$ (2,773,775)
Net loss per share from continuing operations (in dollars per share)	$ (0.05)	$ (0.06)
Net loss per share from discontinued operations (in dollars per share)	0	(0.01)
Net loss per share, basic and diluted (in dollars per share)	$ (0.03)	$ (0.07)
Weighted average number of shares outstanding, basic and diluted (in shares)	50,871,532	40,816,438

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($)	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
OPERATING ACTIVITIES
Net loss	$ (2,437,612)	$ (2,692,764)
Adjustments to reconcile net loss to cash used in operating activities
Deferred financing cost amortization	0	54,021
Portfolio amortization	0	432,075
Subordinated note discount amortization	172,884	119,893
Depreciation and amortization	194,146	326,530
Loss (gain) on sale of assets	0	(89,506)
Stock based compensation	0	124,375
Deferred consulting fee amortization	0	121,820
Equity awards issued for services	520,791	465,126
Changes in operating assets and liabilities:
Accounts receivable	0	209,960
Due from distributors	94,864	(181,283)
Other assets	394,636	(276,451)
Related party payables	46,020	166,532
Accounts payable and accrued liabilities	(961,319)	582,020
Advances to aggregators	502,625	(423,390)
Advances from distributors	(1,274,055)	138,751
Net cash (used in) operating activities	(2,747,020)	(922,291)
INVESTING ACTIVITIES
Purchase of NCI shares of consolidated subsidiaries	(268,653)	0
Proceeds from equity method investment	0	17,400
Purchases of property and equipment	(56,839)	(16,418)
Acquisition of intangible assets	0	(36,976)
Net cash (used in) investing activities	(325,492)	(35,994)
FINANCING ACTIVITIES
Payments on notes payable and bank loan	(16,226)	(2,287,986)
Issuance of common stock and warrants	0	880,241
Issuance of preferred stock	3,871,535	0
Proceeds from long-term debt	0	2,275,832
Net cash provided by financing activities	3,855,309	868,087
Foreign currency effect on cash flows	(63,270)	(20,559)
Net change in cash and cash equivalents	719,527	(110,757)
Cash and cash equivalents at beginning of year	2,119,794	1,293,461
Cash and cash equivalents at end of period - continuing operations	2,839,321	1,182,704
Cash and cash equivalents at end of period - discontinued operations	$ 0	$ 427,037

Basis of Presentation

Basis of Presentation	3 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	BASIS OF PRESENTATION Certain information and footnote disclosures normally included in consolidated financial statements in accordance with U.S. GAAP have been omitted pursuant to requirements of the U.S. Securities and Exchange Commission (“SEC”). A description of our accounting policies and other financial information is included in our audited consolidated financial statements filed with the SEC on Form 10-K for the year ended March 31, 2016. The disclosures included in our accompanying interim financial statements and footnotes should be read in conjunction with our consolidated financial statements and notes thereto included in the Annual Report on Form 10-K. Operating results for the three months ended June 30, 2016 are not necessarily indicative of the results that may be expected for the year ending March 31, 2017. Disposition of Assets On November 30, 2015, the Company consummated the sale of Calpian Commerce, Inc. and certain other U.S. portfolio assets. As a result of the sale, the results of operations for all periods presented and the (loss) gain on disposal have been included in “Net (loss) income from discontinued operations” in our condensed consolidated statements of operations and comprehensive loss. See note 16 - Sale of U.S. Operations for additional information. Going Concern The Company’s unaudited condensed consolidated interim financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. The Company had a net loss of $(2,437,612) for the three months ended June 30, 2016. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The Company is continuing with its plan to further grow and expand its mobile payment processing operations in India. Management believes that its current operating strategy will provide the opportunity for the Company to continue as a going concern as long as it continues to obtain additional financing; however, there is no assurance this will occur. The accompanying consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. Reclassifications

Summary Of Significant Accounti

Summary Of Significant Accounting Policies	3 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Summary Of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Fair Value Measurements Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. The Company believes the carrying values of cash and equivalents, accounts receivable, other current assets, accounts payable, accrued expenses, and interest payable approximate their fair values. Additionally, the Company believes the carrying value of its senior notes, subordinated notes, and note payable approximate the estimated fair value for debt with similar terms, interest rates, and remaining maturities currently available to companies with similar credit ratings. The estimated fair value of our common stock issued in share-based payments is measured by the more relevant of: (i) the prices received in private placement sales of our stock or; (ii) its publicly-quoted market price. We estimate the fair value of warrants, other than those included in common stock unit purchases, and stock options when issued or vested using the Black-Scholes option-pricing model which requires the input of highly subjective assumptions. Recognition in shareholders’ equity and expense of the fair value of stock options awarded to employees is on the straight-line basis over the requisite service period and, for grants to non-employees, when the options vest. The fair value of exercisable warrants on the date of issuance issued in connection with debt financing transactions or for services are deferred and expensed over the term of the debt or as services are performed. Convertible Instruments Certain debt instrument require us to bifurcate conversion options from their host instruments and account for them as free standing derivative financial instruments according to certain criteria. This criteria includes circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under otherwise applicable generally accepted accounting principles with changes in fair value reported in earnings as they occur and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument. Debt discounts under these arrangements are amortized over the debt term. Derivative Financial Instruments We classify as equity any contracts that (i) require physical settlement or net-share settlement or (ii) provide a choice of net-cash settlement or settlement in our own shares providing that such contracts are indexed to the Company's common stock. We classify as assets or liabilities any contracts that (i) require net-cash settlement (including a requirement to net cash settle the contract if an event occurs and if that event is outside the Company’s control) or (ii) gives the counter party a choice of net-cash settlement or settlement in shares (physical settlement or net-share settlement). We assesses classification of its common stock purchase warrants and other free standing derivatives at each reporting date to determine whether a change in classification between assets and liabilities is required. Our free standing derivatives consist of embedded conversion options with a convertible note. The Company evaluated these derivatives to assess their proper classification in the consolidated balance sheets using the applicable classification criteria enumerated under ASC 815-Derivatives and Hedging. The Company determined that certain embedded conversion features do not contain fixed settlement provisions. As a result, we were required to record the conversion option associated with the debt as an embedded derivative. We previously recorded this liability as a derivative liability within current liabilities in our historical consolidated balance sheet. Changes in the value of this derivative liability has been marked-to-market at the end of each reporting period and recorded as Other income (expense) in our condensed consolidated statements of operations and comprehensive loss. As of June 30 and March 31, 2016 we did not have any outstanding convertible instruments that would be classified as a derivative. Foreign Currency Translation The functional currency of our Indian operations is the Indian Rupee. Indian assets and liabilities are translated into U.S. dollars at the exchange rates in effect at each consolidated balance sheet date. Revenues and expenses are translated at quarterly average exchange rates and resulting translation gains or losses are accumulated in other comprehensive loss as a separate component within the accompanying statements of shareholders’ equity. Additionally, cumulative translation adjustments recorded in other comprehensive income are reclassified to noncontrolling interest proportionally based on the weighted average percentage ownership interest held by the noncontrolling interest. Goodwill Goodwill consists of the cost of our acquired businesses in excess of the fair value of the identifiable net assets acquired and is allocated to reporting units based on the relative fair value of the future benefit of the purchased operations to our existing business units as well as the acquired business unit. We perform an annual impairment assessment in the fourth quarter of each fiscal year, or more frequently if indicators of potential impairment exist, to determine whether it is more likely than not that the fair value of a reporting unit in which goodwill resides is less than its carrying value. We have elected to first assess the qualitative factors to determine whether it is more likely than not that the fair value of our single reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step goodwill impairment under Accounting Standards Update (ASU) No. 2011-08, Goodwill and Other (Topic 350): Testing Goodwill for Impairment, issued by the Financial Accounting Standards Board (FASB). Qualitative factors considered in this assessment include industry and market considerations, overall financial performance, and other relevant events and factors affecting the reporting unit. If we determine that it is more likely than not that its fair value is less than its carrying amount, then the two-step goodwill impairment test is performed. The first step, identifying a potential impairment, compares the fair value of the reporting unit with its carrying amount. If the carrying amount exceeds its fair value, the second step would need to be performed; otherwise, no further step is required. The second step, measuring the impairment loss, compares the implied fair value of the goodwill with the carrying amount of the goodwill. Any excess of the goodwill carrying amount over the applied fair value is recognized as an impairment loss, and the carrying value of goodwill is written down to fair value. Intangible Assets Intangible assets consist of software (excluding computer software), customer lists, trademarks, distributor contracts and domain names acquired through business combinations, or consists of software developed or obtained for internal use, as well as software intended for resale. Costs to develop internal use computer software during the application development stage are capitalized on a per project basis and are amortized on a straight line basis over its useful life. Costs for software developed for resale are expensed as incurred until technological feasibility is established, capitalized once technological feasibility occurs, including costs for coding and testing, and expensed once the software is available for release to customers. Capitalized costs for software available for sale are amortized over the greater of the amounts computed for the (1) expected revenue to total anticipated revenue or (2) straight line basis over its estimated useful life. The weighted average amortization period is five years for customer lists, acquisition costs and trademarks, five years for internal use software, three years for software developed for resale and domain names are not amortized. Capitalized finite-lived intangible assets are amortized on a straight-line basis over their estimated useful lives. Indefinite-lived assets are not amortized, but reviewed at least annually for potential impairment. Impairment of Long-Lived Assets In addition to the annual goodwill impairment test, long-lived assets, including property and equipment and other intangible assets, are reviewed for possible impairment whenever events or circumstances indicate that the carrying amount of such assets may not be recoverable. If such review indicates that the carrying amount of long-lived assets is not recoverable, the carrying amount of such assets is reduced to fair value. In addition to the recoverability assessment, we routinely review the remaining estimated useful lives of property and equipment and finite-lived intangible assets. If we reduce the estimated useful life assumption for any asset, the remaining unamortized balance would be amortized or depreciated over the revised estimated useful life. There were no adjustments to the carrying value or useful lives of long-lived assets (other than goodwill) during the three months ended June 30, 2016 or 2015 . Revenue Recognition The Company recognizes revenue when (1) persuasive evidence of an arrangement exists; (2) delivery has occurred or services have been performed; (3) the price is fixed or determinable; and (4) collectability is reasonably assured. The following revenue recognition policies define the manner in which the Company accounts for sales transactions: A significant portion of revenue is attributable to Merchant Services, including Mobile Recharge and Direct-to-Home. In these transactions, revenue from purchased utility units is recognized on a net basis, as the Company is acting in an agent capacity. MoneyOnMobile does not change the product or perform part of the service, has minimal discretion in supplier selection, has minimal latitude in establishing prices and possesses no credit risk. Other services offered are Consumer Services, including bill payment and money transfer. For bill payment transactions, MoneyOnMobile acts as an agent with consumers. Distributors use MoneyOnMobile’s electronic wallet technology to allow consumers to pay utility bills by mobile phone text message and smart phone. MoneyOnMobile earns a fixed transaction fee for these services. For our money transfer services, once a consumer has established a MoneyOnMobile electronic wallet account, consumers can use MoneyOnMobile’s technology to facilitate non-distributor-related transactions with other parties that have MoneyOnMobile accounts, including other retailers and utilities and other MoneyOnMobile consumers. MoneyOnMobile also earns a fixed transaction fee for these services. Distributors often keep a prepaid balance with MoneyOnMobile to facilitate transactions. Prepaid balances are deferred until utility units are delivered. As of June 30 and March 31, 2016 advances from distributors was $2,739,454 and $4,013,509 , respectively. Commitments and Contingencies In the normal course of business, there are various claims in process, matters in litigation, and other contingencies. Currently, there are no claims that had a material effect on the Company. See footnote 15 for additional details. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP. On July 2015, the FASB deferred the effective date of the new revenue recognition standard by one year. We are evaluating the effect that ASU 2014-09 will have on our consolidated financial statements and related disclosures. In February 2016, the FASB issued its final lease accounting standard, FASB Accounting Standard Codification ("ASC") Topic 842, Leases, which requires lessees to reflect most leases on their balance sheet as assets and obligations. The effective date for the standard is for fiscal years beginning after December 15, 2018. We are evaluating the effect that ASC 842 will have on our consolidated financial statements and related disclosures. The standard is to be applied under the modified retrospective method, with elective reliefs, which requires application of the new guidance for all periods presented. In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting, which simplifies the accounting for income taxes, among other changes, related to stock-based compensation. We are evaluating the effect that ASU 2016-09 will have on our consolidated financial statements.

Other Current Assets

Other Current Assets	3 Months Ended
	Jun. 30, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Current Assets	OTHER CURRENT ASSETS June 30, 2016 March 31, 2016 Advances to aggregators $ 215,295 $ 717,924 Foreign service tax recoverable 290,938 577,751 Security deposits 167,317 166,779 Prepaid insurance and other 287,089 75,214 Total $ 960,639 $ 1,537,668

Property and Equipment

Property and Equipment	3 Months Ended
	Jun. 30, 2016
Property, Plant and Equipment [Abstract]
Property and Equipment	PROPERTY AND EQUIPMENT June 30, 2016 March 31, 2016 Building $ 3,601,507 $ 3,626,116 Equipment 259,714 284,872 Furniture and fixtures 57,066 56,889 Subtotal 3,918,287 3,967,877 Less accumulated depreciation (470,147 ) (459,042 ) Property and equipment, net $ 3,448,140 $ 3,508,835 For the three months ended June 30, 2016 and 2015, depreciation expense was $ 62,624 and $ 79,325

Goodwill

Goodwill	3 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	GOODWILL The following table is a reconciliation of the carrying value of goodwill: Carrying value at March 31, 2016 $ 13,810,117 Net foreign exchange movement (248,765 ) Carrying value at June 30, 2016 $ 13,561,352

Other Intangible Assets, Net

Other Intangible Assets, Net	3 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Other Intangible Assets, Net	OTHER INTANGIBLE ASSETS, NET Other intangible assets subject to amortization consisted of the following: June 30, 2016 March 31, 2016 Customer lists $ 1,158,794 $ 1,185,702 Software development costs 1,225,624 1,180,910 Trademarks 29,010 29,518 Contracts 229,047 240,285 2,642,475 2,636,415 Less accumulated amortization (1,442,619 ) (1,311,097 ) Total $ 1,199,856 $ 1,325,318 For the three months ended June 30, 2016 and 2015, the weighted average amortization period is approximately 5 years. For the three months ended June 30, 2016 and 2015, amortization expense was $ 131,522 and $ 160,326 , respectively. Other intangible assets not subject to amortization consisted of the following: June 30, 2016 March 31, 2016 License $ 2,290,468 $ 2,379,007 Trade name 916,187 925,767 Domain names 10,000 10,000 Total $ 3,216,655 $ 3,314,774

Accrued Liabilities

Accrued Liabilities	3 Months Ended
	Jun. 30, 2016
Payables and Accruals [Abstract]
Accrued Liabilities	ACCRUED LIABILITIES June 30, 2016 March 31, 2016 Interest $ 605,655 $ 477,456 Wages and benefits 358,712 413,087 Foreign statutory fees 629,550 482,360 Bank overdraft 303,613 34,622 Legal costs 215,000 215,000 Vendor payments 973,917 1,597,717 Total $ 3,086,447 $ 3,220,242

Debt

Debt	3 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Debt	DEBT June 30, 2016 March 31, 2016 Subordinated notes payable $ 3,200,000 $ 3,200,000 Notes payable and promissory notes 2,008,159 2,008,159 India office building mortgage 2,015,334 2,067,588 Total 7,223,493 7,275,747 Less: debt discount (1,037,305 ) (1,212,580 ) 6,186,188 6,063,167 Less: current portion (668,988 ) (895,609 ) Long term debt $ 5,517,200 $ 5,167,558 Subordinated Notes Payable The Company’s subordinated debt has been issued pursuant to a $3 million Subordinated Debt Offering and a separate $2 million Subordinated Debt Offering. Each offering is exempt from registration under Rule 506 of Regulation D of the Securities and Exchange Commission (“SEC”), as described in the Current Reports on Form 8-K filed on January 6, 2011 and August 10, 2012. The notes are secured by a first lien on substantially all of the Company’s assets, but are subordinated to the senior credit facility. The notes bear interest at a rate of 12% annually paid monthly in arrears. On December 30, 2014, the Company amended the subordinated notes payable to extend the maturity to December 31, 2016. In consideration for the maturity extension, the notes were amended to add a conversion feature, which gives the note holder the option to convert the notes at a price equal to $1.00 per share of common stock. Furthermore, the Company has the option, upon three day prior written notice, to require the note holders to convert the outstanding principal of the note into common stock if the share price equals or exceeds $2.00 in any ninety (90) day trading period. The Company also granted the note holders a warrant to purchase 200,000 shares of common stock for every $1,000,000 of outstanding principal at the time of the amendment. The 960,000 warrants had a fair value at issuance of $442,400 using a Black-Scholes valuation model. The modification date discount value is amortized over the remaining term of the modified debt, resulting in an effective interest rate of 16.75% . For the years ended June 30, 2016 and 2015 , amortized debt discount included in interest expense totaled $172,884 and $217,800 , respectively. During the three months ended June 30, 2016 and 2015 , the Company made principal payments of $0 and $0 . In March 2016, the Company extended the maturity date on its remaining subordinated debt from December 31, 2016 to December 31, 2017. As part of this agreement, the Company issued to debt holders 3,200,000 warrants, which possessed an aggregate fair value of $1,267,817 at issuance using the Black-Scholes valuation model. 1,000,000 of these warrants were subsequently canceled prior to year-end and reissued with an extended maturity date. Notes Payable and Promissory Notes In October 2015, the Company received $6,000,000 from various investors as part of a debt subscription agreement, which was specific to facilitating the sale of the Company's U.S. Operations. As part of this sale, the entire debt was assumed by the purchaser of the U.S. Operations. Additionally, short term notes totaling $59,434 were issued to the note holders to account for the interest that was incurred by the Company while the funds were in escrow and have a maturity date of December 31, 2016. In April 2016, and as part of the Company's settlement agreement with the buyer of its U.S. Operations, the Company issued two new promissory notes, First, $727,285 , of which $720,084 was the note balance included in the Asset Purchase Agreement, with the remaining balance as subsequent interest incurred. This note possessed an interest rate of 12% per annum payable monthly, matures on December 31, 2017. Second, the Company issued the buyer a $675,000 note in exchange for the buyer waiving any claims for breach of the Purchase Agreement between the buyer and the Company. Additionally, the Company escrowed 2,000,000 shares of its common stock as a guarantee of repayment for the $675,000 note. Lastly, the Company issued three notes totaling $546,440 , which represented the remaining outstanding debt of CRA that was not included as part of the sale of U.S. Operations at March 31, 2016. These loans have a maturity date of December 31, 2016. India Office Building Mortgage During the quarter ended June 30, 2015, MMPL refinanced its office building loan by paying off its loan with the Union Bank of India, and replacing it with a $2,198,000 loan with Standard Chartered. The new loan is at a variable interest of 11.10% per annum with principal and interest payments to be made in 180

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	FAIR VALUE OF FINANCIAL INSTRUMENTS We measure the fair value of financial assets and liabilities based on the guidance of ASC 820 “Fair Value Measurements and Disclosures” which defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value: Level 1 - quoted prices in active markets for identical assets or liabilities Level 2 - quoted prices for similar assets and liabilities in active markets or inputs that are observable Level 3 - inputs that are unobservable based on an entity’s own assumptions, as there is little, if any, related market activity (for example, cash flow modeling inputs based on assumptions) There were no financial liabilities as of June 30 and March 31, 2016 measured at fair value on a recurring basis. The Company’s assets measured at fair value on a non-recurring basis are summarized in the following tables by fair value measurement Level: Level 1 Level 2 Level 3 Total Equity Investments as of March 31, 2016 $ — $ — $ 190,172 $ 190,172 Equity Investments as of June 30, 2016 $ — $ — $ 186,833 $ 186,833 Fair Value Measurements are defined as the amount that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants and is classified in one of the following three categories. There have been no changes in the methodologies used at June 30, and March 31, 2016: Level 1 – Quoted prices for identical instruments in active markets. Level 2 – Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. Level 3 – Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. Level 3 investments consist of investments in Happy Cellular Services Limited. A reconciliation of the beginning and ending balances for the investments using significant unobservable inputs (Level 3): Fair value of equity investment as of March 31, 2016 $ 190,172 Foreign currency translation (3,339 ) Fair value of equity investment as of June 30, 2016 $ 186,833

Capital Stock

Capital Stock	3 Months Ended
	Jun. 30, 2016
Stockholders' Equity Note [Abstract]
Capital Stock	CAPITAL STOCK We have not agreed to register any of our common stock or warrants for resale under the Securities Act of 1933, as amended; however, 9,565,696 shares common stock and warrants to acquire 2,144,123 shares of our common stock have customary “piggy back” registration rights in the event we register shares of our common stock in the future. Common Stock During the three months ended June 30, 2016 and 2015, the Company issued shares of its common stock in connection with its financing activities and for services received, including exercised warrants totaling 498,707 and 2,952,084 , respectively. In April 2016 as part of the sale of the U.S. Operations the Company issued 2,000,000 common shares to an escrow account as security for its note payable issued to the buyer. Convertible Preferred Stock During the three months ended June 30, 2016, the Company issued 1,542 shares of its Series D Convertible Preferred Stock (the “Series D Preferred”), par value $0.001 per share and a stated value of $1,000 per share. In connection with the issuance of the Series D Preferred, the Company issued warrants to purchase 385,384 shares of Common Stock at an exercise price of $0.75 per share. The Company received gross proceeds of $1,541,535 in consideration for the issuance of these securities. The investor shall have the right to convert the preferred shares, including accrued dividends ( 15% annually), into the Company's common stock at any time at $0.60 per share. At the completion of a certain level of equity funding, the investor must convert their outstanding investment, including accrued dividends to either: (i) cash; (ii) Company common stock at $0.60 per share; or (iii Company common stock at the not yet determined equity raise per share value. During the three months ended June 30, 2016, the Company issued 2,330 shares of its Series E Convertible Preferred Stock (the “Series E Preferred”), par value $0.001 per share and a stated value of $1,000 per share. In connection with the issuance of the Series E Preferred, the Company received gross proceeds of $2,330,000 in consideration for the issuance of the securities. The Series E Preferred is voluntarily convertible into shares of Common Stock of the Company at a conversion price of $1.59 . There also exists contingent redemption features with these securities. In the event the Company's Common Stock is uplisted to a major stock exchange, all outstanding Series E Preferred will be automatically converted into Common Stock at a conversion price equal to $1.34 . Holders of Series E Preferred are not entitled to receive dividends. Warrants During the three months ended June 30, 2016, and in connection with financing activities and service agreements, a total of 1,096,384 warrants were issued. At June 30, 2016, 22,469,455 warrants outstanding for our common stock with exercise prices ranging from $ 0.01 to $ 3.00 per share ($ 0.7 weighted average) expire in fiscal years as follows: 22,500 in 2017; 1,662,925 in 2018; 4,441,531 in 2019; 1,384,069 in 2020; 11,662,046 in 2021; 385,384 in 2022 , and 2,911,000 in 2026. On exercise, the warrants will be settled in delivery of unregistered shares of our common stock. The following table summarizes the changes in warrants for the three months ended June 30, 2016: Warrants Outstanding at March 31, 2016 21,448,071 Granted 1,096,384 Exercised (75,000 ) Expired/canceled — Outstanding at June 30, 2016 22,469,455 For the three months ended June 30, 2016 the Company granted the following warrants: Issued for services 711,000 Issued for preferred stock 385,384 Total 1,096,384 We estimate the fair value of warrant granted using the Black-Scholes option valuation model. The expected life of warrant represents the term of warrant. The expected stock volatility is based on the average of historical volatility of the Company’s common stock and other subjective factors. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time awards are granted, and the expected dividend rate takes into account the absence of any historical payments and management’s intention to retain all earnings for future operations and expansion. Selling, general and administrative expenses relating to warrants issued for services totaled $306,451 and $ 155,100 for the three months ended June 30, 2016 and 2015 , respectively. The fair value of each warrant granted was estimated on the date of grant using the Black-Scholes valuation model with the following weighted average assumptions for grants during the three months ended June 30: Warrants 2016 2015 Risk-free interest rates 1.34 % 1.60 % Expected volatility 100.76 % 120.75 % Dividend yields — % — % Expected lives (years) 5 years 5 years 2011 Equity Incentive Plan The 2011 Equity Incentive Plan (“2011 Plan”) provides for issuing equity awards for an aggregate of 3.5 million shares of our common stock in the form of grants of restricted shares, incentive stock options (employees only), non-qualified stock options, share appreciation rights, performance shares, and performance units. The purposes of the Plan are to attract and retain the best available personnel for positions of substantial responsibility, to provide additional incentive to employees, directors, and consultants, and to promote the long-term growth and profitability of the Company. Stock option awards have a maximum contractual life of ten years and specific vesting terms and performance goals are addressed in each equity award grant. Shares issued to satisfy awards may be from authorized but unissued or reacquired common stock. On June 1, 2016, the Company filed a Form S-8 with the U.S. Securities and Exchange Commission to register its 2016 Equity Incentive Plan (“2016 Plan”), which registered 3,000,000 shares of the 6,000,000 shares issuable under the plan. Stock Options We estimate the fair value of stock options granted using the Black-Scholes option valuation model .The expected life of options represents the period of time the options are expected to be outstanding and other subjective factors. The expected stock volatility is based on the average of historical volatility of the Company’s common stock and other subjective factors. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time awards are granted, and the expected dividend rate takes into account the absence of any historical payments and management’s intention to retain all earnings for future operations and expansion. No forfeiture is expected when stock options are granted. During the three months ended June 30, 2016 and 2015, the Company awarded zero and 250,000 stock options for shares of common stock. Stock-based compensation expense included in selling, general and administrative expenses was $0 and $124,375 for the three months ended June 30, 2016 and 2015. Options with a weighted-average exercise price of $0.74 per share for 3,480,000 shares were outstanding at June 30, 2016. Intrinsic value is the amount by which the fair value of the underlying stock exceeds the exercise price of an option. Intrinsic value at June 30, 2016 and 2015 totaled $566,000 and $0 , respectively. At June 30, 2016, outstanding options are fully vested and the weighted-average remaining contractual term was 8.9 years; however, if services are earlier terminated, 3,480,000 options become void 90 days after termination. No options were issued during the three months ended June 30, 2016. The fair value of each option was estimated on the date of grant using the Black-Scholes valuation model using the following weighted average assumptions for the grants during the three months ended June 30, 2015: Option plan 2015 Risk-free interest rates 2.13 % Expected volatility 105.390 % Dividend yields — % Expected lives (years) 6 years The following table summarizes the changes in equity available for grant under the Company's Option Plans, comprised of stock options for the three months ended June 30, 2016 : Equity Available for Grant Number of Options Weighted Average Exercise Price Outstanding at March 31, 2016 20,000 3,480,000 $ 0.74 Granted — — Exercised — — 2016 Plan 3,000,000 — Forfeited — — Outstanding at June 30, 2016 3,020,000 3,480,000 $ 0.74

(Loss) Per Share

(Loss) Per Share	3 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
(Loss) Per Share	(LOSS) PER SHARE Basic (loss) per share is computed by dividing income available to common shareholders by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share is computed by dividing income available to common shareholders by the weighted-average number of shares of common stock outstanding during the period increased to include the number of additional shares of common stock that would have been outstanding if the potentially dilutive securities had been issued. The dilutive effect of potentially dilutive securities is reflected in diluted earnings per share by application of the treasury stock method. Under the treasury stock method, an increase in the fair market value of the Company’s common stock can result in a greater dilutive effect from potentially dilutive securities. The computation of basic and diluted loss per share as of June 30, 2016 and 2015 excludes potentially dilutive securities when their inclusion would be anti-dilutive, or if their exercise prices were greater than the average market price of the common stock during the period. Potentially dilutive securities excluded from the computation of basic and diluted (loss) per share as of June 30, 2016 and 2015 are as follows: 2016 2015 Warrants 22,469,455 10,259,569 Stock options 3,480,000 1,830,000 Convertible subordinated notes 3,200,000 6,800,000 Convertible preferred stock 5,034,634 — Total 34,184,089 18,889,569

Related Parties

Related Parties	3 Months Ended
	Jun. 30, 2016
Related Party Transactions [Abstract]
Related Parties	RELATED PARTIES Support Services and Advances ART has provided the Company, since its startup period, with certain support services. It has been verbally agreed that payment for these services would accrue interest-free and be paid at a future date to be agreed on by the parties. At June 30 and March 31, 2016, amounts due to ART were $209,291 and $208,181 , respectively, and is included in Related party payables on the Company’s condensed consolidated balance sheet. Happy Cellular Services Limited The majority shareholder of Happy Cellular, is also a shareholder and board member of MMPL. Additionally, a certain number of Happy Cellular retailers are also agents for MoneyOnMobile. During the year ended March 31, 2016, MMPL issued three short-term bonds to the majoiry shareholder of Happy Cellular totaling approximately $450,000 . These debt instruments have an interest rate of 15.3% , which represents the prevailing bank rate at inception. At June 30, and March 31, 2016, $232,414 and $295,415 , representing outstanding principal and interest was past due and is recorded as current liabilities to Related party payables in the Consolidated Balance Sheet. Additionally, the bond holder is disputing the interest rate recorded by the Company. See note 15: Commitments for additional details. Cagan McAfee Capital Partners, LLC The amounts due relating to an expired management advisory agreement, including interest, totaled $761,805 and $711,805 as of June 30 and March 31, 2016, respectively, and is recorded in Related party payables in the Company’s condensed consolidated balance sheets. Interest accrues at 12% per annum. Cagan Capital, LLC Cagan Capital, LLC (“CCLLC”), an entity owned and controlled by Laird Cagan, is a note holder of $1.0 million of our subordinated notes payable. There were no subordinated debt principal payments made during the three months ended June 30, 2016. Interest accrues at 12% per annum. Laird Cagan In April 2016, and as part of the Company's sale of its U.S. Operations, the Company issued Laird Cagan a promissory notes for $727,285 . This note accrues interest of 12%

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITTMENTS AND CONTINGENCIES LITIGATION On December 18, 2015, Reinvention Capital Advisors Co. ("Reinvention" or “Plaintiff”) filed suit in the District Court of the Eastern District of Pennsylvania against the Company alleging breach of the financial advisory services agreement (“First Amended Agreement”) dated June 12, 2015, between the Company and Reinvention. Plaintiff alleged damages on the date the suit was filed of $500,996 , including unpaid monthly advisory fees, unpaid expenses, and a success fee for the sale of the Company’s U.S. Operations. On June 10, 2016, the parties advised the Court that they reached a settlement. Notwithstanding, Plaintiff’s counsel requested that the Court suspend the case during the payment period. On June 20, 2016, the Court issued an Order staying the proceedings without prejudice. The majority shareholder of Happy Cellular is disputing the interest rate of the three bonds that were issued by MMPL during the year ended March 31, 2016. The bond holder alleges the interest rate is significantly higher than the amount disclosed in note 14: Related Parties. The Company is vigorously defending its position as it has engaged external legal counsel in India and is unable to estimate any liability relating to this matter. PUT LIABILITY - NONCONTROLLING INVESTMENT On December 30, 2015, the Company entered into a Share Purchase Agreement with HALL MOM, LLC., a Texas limited liability company (“HALL MOM"). Pursuant to the Purchase Agreement, and in satisfaction of a $2,000,000 loan made to the Company by Hall, the Company issued and sold equity shares representing 10% of the total paid up share capital of DPPL, on a fully diluted basis (the “Sale Shares”) to Hall. In addition to the debt satisfaction, Hall agreed to return to the Company for cancellation 1,000,000 shares of the Company’s common stock and warrants to purchase 2,500,000 shares of the Company’s common stock. As part of the Share Purchase Agreement, HALL MOM possessed an option for the Company to buyback its investment for $3,000,000 . On March 15, 2016, HALL MOM exercised its option, which required repayment by July 13, 2016. At June 30, 2016, the Company recorded its obligation as a current liability. The Company has not yet paid HALL MOM. See note 18: Subsequent events for details on payments made to HALL MOM subsequent to June 30, 2016 to extend the repayment date of th

Sale of U.S. Operations

Sale of U.S. Operations	3 Months Ended
	Jun. 30, 2016
Discontinued Operations and Disposal Groups [Abstract]
Sale of U.S. Operations	SALE OF U.S. OPERATIONS Effective November 30, 2015 (11:59pm), the Company entered into an Asset Purchase Agreement with eVance Processing Inc. ("eVance") to divest its Calpian Commerce business segment and certain other U.S. residual portfolio assets, including Calpian Residual Acquisition, LLC and its equity investment in Calpian Granite Hill, L.P. This action was undertaken to allow the Company to focus entirely on executing its growth strategy for MoneyOnMobile. There is no continuing cash inflows or outflows from or to the discontinued operations. The following unaudited information present the major classes of line items constituting the after-tax loss of discontinued operations in the condensed consolidated statements of loss for the three months ended June 30, 2015: Revenue, net: Residual portfolios $ 695,501 Processing fees 2,487,296 Other 298,926 Total revenues 3,481,723 Cost of revenues: Residual portfolio amortization 263,421 Processing and other 2,089,107 Other 97,362 Total cost of sales 2,449,890 Gross profit: 1,031,833 General and administrative expenses Salaries and wages 583,380 Selling, general and administrative 293,237 Depreciation and amortization 40,987 Total general and administrative 917,604 Other income (expense) Interest expense (305,965 ) Other 88,992 Total other income (expense) (216,973 ) Income tax expense — Loss from discontinued operations, net of tax $ (102,744 ) The following information presents the major classes of line items constituting significant operating and investing cash flow activities in the consolidated statements of cash flows relating to discontinued operations for the three months ended June 30, 2015: 2015 Cash Flow: major line items Portfolio Amortization $ 263,421 Depreciation and amortization 56,785 Purchases of property and equipment 7,186

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	3 Months Ended
	Jun. 30, 2016
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	SUPPLEMENTAL CASH FLOW INFORMATION The table below provides a summary of non-cash investing and financing activities for the three months ended June 30: 2016 2015 Cancellation of common stock for DPPL shares $ — $ 704,646 Interest paid, net of amounts capitalized 26,244 — Taxes Paid — —

Subsequent Events

Subsequent Events	3 Months Ended
	Jun. 30, 2016
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS Sale of Equity Securities The Company issued 200 shares of its Series E Convertible Preferred Stock (the “Series E Preferred”), par value $0.001 per share and a stated value of $1,000 per share. In connection with the issuance of the Series E Preferred. The Company received gross proceeds of $200,000 in consideration for the issuance of the securities. Additional Equity Securities Issuances Subsequent to June 30, 2016, the Company issued 184,846 shares of common shares and 75,000 warrants to purchase common shares in exchange for advisory services received. Also, we received $1,523,762 and issued 2,826,309 of common shares as a result of exercised warrants, including cashless exercises. $300,000 in sub-debt principle and $49,350 of interest payable were converted into 499,072 shares of common stock. Lastly, 186 series D preferred shares plus dividend have converted to 357,425 shares of common stock. Put Liability - Non-controlling Interest DPPL share purchase Subsequent to June 30, 2016, the Company has made payments totaling $300,000 to HALL MOM, while it has been negotiating an extension to the DPPL share purchase date. These payments do not reduce the put liability, which remains outstanding at date of filing. Acquisition of SVR Retail Private Ltd. In July 2016, the Company acquired all of the capital stock of SVR Retail Private Ltd. for a cash payment of approximately $170,000

Summary Of Significant Accoun22

Summary Of Significant Accounting Policies (Policies)	3 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Fair Value Measurements	Fair Value Measurements Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. The Company believes the carrying values of cash and equivalents, accounts receivable, other current assets, accounts payable, accrued expenses, and interest payable approximate their fair values. Additionally, the Company believes the carrying value of its senior notes, subordinated notes, and note payable approximate the estimated fair value for debt with similar terms, interest rates, and remaining maturities currently available to companies with similar credit ratings.
Convertible Instruments and Derivative Financial Instruments	Convertible Instruments Certain debt instrument require us to bifurcate conversion options from their host instruments and account for them as free standing derivative financial instruments according to certain criteria. This criteria includes circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under otherwise applicable generally accepted accounting principles with changes in fair value reported in earnings as they occur and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument. Debt discounts under these arrangements are amortized over the debt term. Derivative Financial Instruments We classify as equity any contracts that (i) require physical settlement or net-share settlement or (ii) provide a choice of net-cash settlement or settlement in our own shares providing that such contracts are indexed to the Company's common stock. We classify as assets or liabilities any contracts that (i) require net-cash settlement (including a requirement to net cash settle the contract if an event occurs and if that event is outside the Company’s control) or (ii) gives the counter party a choice of net-cash settlement or settlement in shares (physical settlement or net-share settlement). We assesses classification of its common stock purchase warrants and other free standing derivatives at each reporting date to determine whether a change in classification between assets and liabilities is required.
Foreign Currency Translation	Foreign Currency TranslationThe functional currency of our Indian operations is the Indian Rupee.  Indian assets and liabilities are translated into U.S. dollars at the exchange rates in effect at each consolidated balance sheet date. Revenues and expenses are translated at quarterly average exchange rates and resulting translation gains or losses are accumulated in other comprehensive loss as a separate component within the accompanying statements of shareholders’ equity. Additionally, cumulative translation adjustments recorded in other comprehensive income are reclassified to noncontrolling interest proportionally based on the weighted average percentage ownership interest held by the noncontrolling interest.
Goodwill	Goodwill Goodwill consists of the cost of our acquired businesses in excess of the fair value of the identifiable net assets acquired and is allocated to reporting units based on the relative fair value of the future benefit of the purchased operations to our existing business units as well as the acquired business unit.
Intangible Assets	Intangible Assets Intangible assets consist of software (excluding computer software), customer lists, trademarks, distributor contracts and domain names acquired through business combinations, or consists of software developed or obtained for internal use, as well as software intended for resale. Costs to develop internal use computer software during the application development stage are capitalized on a per project basis and are amortized on a straight line basis over its useful life. Costs for software developed for resale are expensed as incurred until technological feasibility is established, capitalized once technological feasibility occurs, including costs for coding and testing, and expensed once the software is available for release to customers. Capitalized costs for software available for sale are amortized over the greater of the amounts computed for the (1) expected revenue to total anticipated revenue or (2) straight line basis over its estimated useful life. The weighted average amortization period is five years for customer lists, acquisition costs and trademarks, five years for internal use software, three
Impairment of Long-Lived Assets	Impairment of Long-Lived AssetsIn addition to the annual goodwill impairment test, long-lived assets, including property and equipment and other intangible assets, are reviewed for possible impairment whenever events or circumstances indicate that the carrying amount of such assets may not be recoverable.  If such review indicates that the carrying amount of long-lived assets is not recoverable, the carrying amount of such assets is reduced to fair value.  In addition to the recoverability assessment, we routinely review the remaining estimated useful lives of property and equipment and finite-lived intangible assets. If we reduce the estimated useful life assumption for any asset, the remaining unamortized balance would be amortized or depreciated over the revised estimated useful life.
Revenue Recognition	Revenue Recognition The Company recognizes revenue when (1) persuasive evidence of an arrangement exists; (2) delivery has occurred or services have been performed; (3) the price is fixed or determinable; and (4) collectability is reasonably assured. The following revenue recognition policies define the manner in which the Company accounts for sales transactions: A significant portion of revenue is attributable to Merchant Services, including Mobile Recharge and Direct-to-Home. In these transactions, revenue from purchased utility units is recognized on a net basis, as the Company is acting in an agent capacity. MoneyOnMobile does not change the product or perform part of the service, has minimal discretion in supplier selection, has minimal latitude in establishing prices and possesses no credit risk. Other services offered are Consumer Services, including bill payment and money transfer. For bill payment transactions, MoneyOnMobile acts as an agent with consumers. Distributors use MoneyOnMobile’s electronic wallet technology to allow consumers to pay utility bills by mobile phone text message and smart phone. MoneyOnMobile earns a fixed transaction fee for these services. For our money transfer services, once a consumer has established a MoneyOnMobile electronic wallet account, consumers can use MoneyOnMobile’s technology to facilitate non-distributor-related transactions with other parties that have MoneyOnMobile accounts, including other retailers and utilities and other MoneyOnMobile consumers. MoneyOnMobile also earns a fixed transaction fee for these services. Distributors often keep a prepaid balance with MoneyOnMobile to facilitate transactions. Prepaid balances are deferred until utility units are delivered. As of June 30 and March 31, 2016 advances from distributors was $2,739,454 and $4,013,509 , respectively.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP. On July 2015, the FASB deferred the effective date of the new revenue recognition standard by one year. We are evaluating the effect that ASU 2014-09 will have on our consolidated financial statements and related disclosures. In February 2016, the FASB issued its final lease accounting standard, FASB Accounting Standard Codification ("ASC") Topic 842, Leases, which requires lessees to reflect most leases on their balance sheet as assets and obligations. The effective date for the standard is for fiscal years beginning after December 15, 2018. We are evaluating the effect that ASC 842 will have on our consolidated financial statements and related disclosures. The standard is to be applied under the modified retrospective method, with elective reliefs, which requires application of the new guidance for all periods presented. In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting, which simplifies the accounting for income taxes, among other changes, related to stock-based compensation. We are evaluating the effect that ASU 2016-09 will have on our consolidated financial statements.

Other Current Assets (Tables)

Other Current Assets (Tables)	3 Months Ended
	Jun. 30, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Current Assets	June 30, 2016 March 31, 2016 Advances to aggregators $ 215,295 $ 717,924 Foreign service tax recoverable 290,938 577,751 Security deposits 167,317 166,779 Prepaid insurance and other 287,089 75,214 Total $ 960,639 $ 1,537,668

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Jun. 30, 2016
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	June 30, 2016 March 31, 2016 Building $ 3,601,507 $ 3,626,116 Equipment 259,714 284,872 Furniture and fixtures 57,066 56,889 Subtotal 3,918,287 3,967,877 Less accumulated depreciation (470,147 ) (459,042 ) Property and equipment, net $ 3,448,140 $ 3,508,835

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The following table is a reconciliation of the carrying value of goodwill: Carrying value at March 31, 2016 $ 13,810,117 Net foreign exchange movement (248,765 ) Carrying value at June 30, 2016 $ 13,561,352

Other Intangible Assets, Net (T

Other Intangible Assets, Net (Tables)	3 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	Other intangible assets subject to amortization consisted of the following: June 30, 2016 March 31, 2016 Customer lists $ 1,158,794 $ 1,185,702 Software development costs 1,225,624 1,180,910 Trademarks 29,010 29,518 Contracts 229,047 240,285 2,642,475 2,636,415 Less accumulated amortization (1,442,619 ) (1,311,097 ) Total $ 1,199,856 $ 1,325,318
Schedule of Indefinite-Lived Intangible Assets	Other intangible assets not subject to amortization consisted of the following: June 30, 2016 March 31, 2016 License $ 2,290,468 $ 2,379,007 Trade name 916,187 925,767 Domain names 10,000 10,000 Total $ 3,216,655 $ 3,314,774

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	3 Months Ended
	Jun. 30, 2016
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	June 30, 2016 March 31, 2016 Interest $ 605,655 $ 477,456 Wages and benefits 358,712 413,087 Foreign statutory fees 629,550 482,360 Bank overdraft 303,613 34,622 Legal costs 215,000 215,000 Vendor payments 973,917 1,597,717 Total $ 3,086,447 $ 3,220,242

Debt (Tables)

Debt (Tables)	3 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	June 30, 2016 March 31, 2016 Subordinated notes payable $ 3,200,000 $ 3,200,000 Notes payable and promissory notes 2,008,159 2,008,159 India office building mortgage 2,015,334 2,067,588 Total 7,223,493 7,275,747 Less: debt discount (1,037,305 ) (1,212,580 ) 6,186,188 6,063,167 Less: current portion (668,988 ) (895,609 ) Long term debt $ 5,517,200 $ 5,167,558

Fair Value of Financial Instr29

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements, Nonrecurring	The Company’s assets measured at fair value on a non-recurring basis are summarized in the following tables by fair value measurement Level: Level 1 Level 2 Level 3 Total Equity Investments as of March 31, 2016 $ — $ — $ 190,172 $ 190,172 Equity Investments as of June 30, 2016 $ — $ — $ 186,833 $ 186,833
Reconciliation of Investments with Unobservable Inputs	A reconciliation of the beginning and ending balances for the investments using significant unobservable inputs (Level 3): Fair value of equity investment as of March 31, 2016 $ 190,172 Foreign currency translation (3,339 ) Fair value of equity investment as of June 30, 2016 $ 186,833

Capital Stock (Tables)

Capital Stock (Tables)	3 Months Ended
	Jun. 30, 2016
Stockholders' Equity Note [Abstract]
Changes In Warrants	The following table summarizes the changes in warrants for the three months ended June 30, 2016: Warrants Outstanding at March 31, 2016 21,448,071 Granted 1,096,384 Exercised (75,000 ) Expired/canceled — Outstanding at June 30, 2016 22,469,455
Schedule Of Warrants Granted	For the three months ended June 30, 2016 the Company granted the following warrants: Issued for services 711,000 Issued for preferred stock 385,384 Total 1,096,384
Assumptions Used To Estimate Fair Value Of Options Granted	The fair value of each option was estimated on the date of grant using the Black-Scholes valuation model using the following weighted average assumptions for the grants during the three months ended June 30, 2015: Option plan 2015 Risk-free interest rates 2.13 % Expected volatility 105.390 % Dividend yields — % Expected lives (years) 6 years Warrants 2016 2015 Risk-free interest rates 1.34 % 1.60 % Expected volatility 100.76 % 120.75 % Dividend yields — % — % Expected lives (years) 5 years 5 years
Stock Option Activity	The following table summarizes the changes in equity available for grant under the Company's Option Plans, comprised of stock options for the three months ended June 30, 2016 : Equity Available for Grant Number of Options Weighted Average Exercise Price Outstanding at March 31, 2016 20,000 3,480,000 $ 0.74 Granted — — Exercised — — 2016 Plan 3,000,000 — Forfeited — — Outstanding at June 30, 2016 3,020,000 3,480,000 $ 0.74

(Loss) Per Share (Tables)

(Loss) Per Share (Tables)	3 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Schedule Of Potentially Dilutive Securities Included In Diluted Earnings Per Share Computation	Potentially dilutive securities excluded from the computation of basic and diluted (loss) per share as of June 30, 2016 and 2015 are as follows: 2016 2015 Warrants 22,469,455 10,259,569 Stock options 3,480,000 1,830,000 Convertible subordinated notes 3,200,000 6,800,000 Convertible preferred stock 5,034,634 — Total 34,184,089 18,889,569

Sale of U.S. Operations (Tables

Sale of U.S. Operations (Tables)	3 Months Ended
	Jun. 30, 2016
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations	The following information presents the major classes of line items constituting significant operating and investing cash flow activities in the consolidated statements of cash flows relating to discontinued operations for the three months ended June 30, 2015: 2015 Cash Flow: major line items Portfolio Amortization $ 263,421 Depreciation and amortization 56,785 Purchases of property and equipment 7,186 Revenue, net: Residual portfolios $ 695,501 Processing fees 2,487,296 Other 298,926 Total revenues 3,481,723 Cost of revenues: Residual portfolio amortization 263,421 Processing and other 2,089,107 Other 97,362 Total cost of sales 2,449,890 Gross profit: 1,031,833 General and administrative expenses Salaries and wages 583,380 Selling, general and administrative 293,237 Depreciation and amortization 40,987 Total general and administrative 917,604 Other income (expense) Interest expense (305,965 ) Other 88,992 Total other income (expense) (216,973 ) Income tax expense — Loss from discontinued operations, net of tax $ (102,744 )

Supplemental Cash Flow Inform33

Supplemental Cash Flow Information (Tables)	3 Months Ended
	Jun. 30, 2016
Supplemental Cash Flow Elements [Abstract]
Schedule of Cash Flow, Supplemental Disclosures	The table below provides a summary of non-cash investing and financing activities for the three months ended June 30: 2016 2015 Cancellation of common stock for DPPL shares $ — $ 704,646 Interest paid, net of amounts capitalized 26,244 — Taxes Paid — —

Basis of Presentation (Details)

Basis of Presentation (Details) - USD ($)	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net loss	$ (2,437,612)	$ (2,692,764)

Summary Of Significant Accoun35

Summary Of Significant Accounting Policies (Details) - USD ($)	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Mar. 31, 2016
Acquired Finite-Lived Intangible Assets [Line Items]
Adjustments to the carrying value of long-lived assets	$ 0	$ 0
Deferred revenue	$ 2,739,454		$ 4,013,509
Customer Lists [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible asset, weighted average useful life	5 years
Software Development [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible asset, weighted average useful life	5 years
Software and Software Development Costs [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible asset, weighted average useful life	3 years

Other Current Assets (Details)

Other Current Assets (Details) - USD ($)	Jun. 30, 2016	Mar. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Advances to aggregators	$ 215,295	$ 717,924
Foreign service tax recoverable	290,938	577,751
Security deposits	167,317	166,779
Prepaid insurance and other	287,089	75,214
Other current assets, total	$ 960,639	$ 1,537,668

Property and Equipment (Schedul

Property and Equipment (Schedule of Property and Equipment) (Details) - USD ($)	Jun. 30, 2016	Mar. 31, 2016
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 3,918,287	$ 3,967,877
Less accumulated depreciation	(470,147)	(459,042)
Property and equipment, net	3,448,140	3,508,835
Building [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	3,601,507	3,626,116
Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	259,714	284,872
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 57,066	$ 56,889

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Depreciation	$ 62,624	$ 79,325

Goodwill (Details)

Goodwill (Details)	3 Months Ended
	Jun. 30, 2016USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 13,810,117
Net foreign exchange movement	(248,765)
Goodwill, ending balance	$ 13,561,352

Other Intangible Assets, Net (S

Other Intangible Assets, Net (Schedule of Amortizable Finite-Lived Intangible Assets) (Details) - USD ($)	Jun. 30, 2016	Mar. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets	$ 2,642,475	$ 2,636,415
Less accumulated amortization	(1,442,619)	(1,311,097)
Total	1,199,856	1,325,318
Customer Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets	1,158,794	1,185,702
Software Development Costs [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets	1,225,624	1,180,910
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets	29,010	29,518
Contracts [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets	$ 229,047	$ 240,285

Other Intangible Assets, Net (N

Other Intangible Assets, Net (Narrative) (Details) - USD ($)	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Weighted average amortization period of intangible assets	5 years	5 years
Amortization expense	$ 131,522	$ 160,326

Other Intangible Assets, Net 42

Other Intangible Assets, Net (Schedule of Unamortizable Finite-Lived Intangible Assets) (Details) - USD ($)	Jun. 30, 2016	Mar. 31, 2016
Indefinite-lived Intangible Assets [Line Items]
Intangible assets	$ 3,216,655	$ 3,314,774
Finite-lived intangible assets	2,642,475	2,636,415
Domain names [Member]
Indefinite-lived Intangible Assets [Line Items]
Finite-lived intangible assets	10,000	10,000
License [Member]
Indefinite-lived Intangible Assets [Line Items]
Intangible assets	2,290,468	2,379,007
Trade name [Member]
Indefinite-lived Intangible Assets [Line Items]
Intangible assets	$ 916,187	$ 925,767

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($)	Jun. 30, 2016	Mar. 31, 2016
Payables and Accruals [Abstract]
Interest	$ 605,655	$ 477,456
Wages and benefits	358,712	413,087
Foreign statutory fees	629,550	482,360
Bank overdraft	303,613	34,622
Legal costs	215,000	215,000
Vendor payments	973,917	1,597,717
Total accrued liabilities	$ 3,086,447	$ 3,220,242

Debt (Schedule of Long-term Deb

Debt (Schedule of Long-term Debt Instruments) (Details) - USD ($)	Jun. 30, 2016	Mar. 31, 2016
Debt Instrument [Line Items]
Long-term debt	$ 7,223,493	$ 7,275,747
Less: debt discount	(1,037,305)	(1,212,580)
Long-term debt less discount	6,186,188	6,063,167
Less: current portion	(668,988)	(895,609)
Long term debt, less discount and current portion	5,517,200	5,167,558
Subordinated notes payable [Member]
Debt Instrument [Line Items]
Long-term debt	3,200,000	3,200,000
Notes payable and promissory notes [Member]
Debt Instrument [Line Items]
Long-term debt	2,008,159	2,008,159
India office building mortgage [Member]
Debt Instrument [Line Items]
Long-term debt	$ 2,015,334	$ 2,067,588

Debt (Subordinated Notes Payabl

Debt (Subordinated Notes Payable) (Details) - USD ($)	Dec. 30, 2014	Mar. 31, 2016	Jun. 30, 2016	Jun. 30, 2015
Debt Instrument [Line Items]
Warrants outstanding (in shares)		21,448,071	22,469,455
Subordinated notes payable [Member]
Debt Instrument [Line Items]
Notes, interest rate (percent)			12.00%
Subordinated Debt, Tranche 1 [Member] | Subordinated notes payable [Member]
Debt Instrument [Line Items]
Long term debt, face value			$ 3,000,000
Subordinated Debt, Tranche 2 [Member] | Subordinated notes payable [Member]
Debt Instrument [Line Items]
Long term debt, face value			2,000,000
Amended Subordinated Notes [Member] | Subordinated notes payable [Member]
Debt Instrument [Line Items]
Conversion price per share (in dollars per share)	$ 1
Threshold for induced conversion share price (in dollars per share)	$ 2
Warrants issuable per one million dollars of principal (in shares)	200,000
Warrants outstanding (in shares)	960,000	3,200,000
Value of warrants outstanding	$ 442,400	$ 1,267,817
Effective interest rate (percent)	16.75%
Debt interest expense			172,884	$ 217,800
Principle payment			$ 0	$ 0
Warrants canceled and reissued (in shares)		1,000,000

Debt (Notes Payable and Promiss

Debt (Notes Payable and Promissory Notes) (Details) - USD ($)	1 Months Ended
	Apr. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Oct. 31, 2015
Debt Instrument [Line Items]
Shares held in escrow (in shares)	2,000,000
Debt outstanding		$ 6,186,188	$ 6,063,167
Promissory Note Issued and Included in Asset Purchase Agreement [Member]
Debt Instrument [Line Items]
Long term debt, face value	$ 727,285
Calpian Residual Acquisition Debt [Member]
Debt Instrument [Line Items]
Debt outstanding		$ 546,440
Notes Payable, Other Payables [Member] | Short Term Debt Issued As Part of Sale of U.S. Operations [Member]
Debt Instrument [Line Items]
Short-term debt				$ 59,434
Notes Payable, Other Payables [Member] | Subscription Note Payable [Member]
Debt Instrument [Line Items]
Long term debt, face value				$ 6,000,000
Notes Payable, Other Payables [Member] | First Promissory Note Issued As Part Of Purchase Price Adjustment Agreement [Member]
Debt Instrument [Line Items]
Long term debt, face value	$ 720,084
Notes, interest rate (percent)	12.00%
Notes Payable, Other Payables [Member] | Second Promissory Note Issued As Part Of Purchase Price Adjustment Agreement [Member]
Debt Instrument [Line Items]
Long term debt, face value	$ 675,000

Debt (India Office Building Mor

Debt (India Office Building Mortgage) (Details) - India office building mortgage [Member] - Standard Chartered Note [Member]	Jun. 30, 2015USD ($)installment
Debt Instrument [Line Items]
Long term debt, face value | $	$ 2,198,000
Effective interest rate (percent)	11.10%
Number of principal and interest payment installments | installment	180

Fair Value of Financial Instr48

Fair Value of Financial Instruments (Fair Value of Assets Measured on a Non-recurring Basis) (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($)	Jun. 30, 2016	Mar. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments	$ 186,833	$ 190,172
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments	0	0
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments	0	0
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments	$ 186,833	$ 190,172

Fair Value of Financial Instr49

Fair Value of Financial Instruments (Reconciliation of Investments) (Details)	3 Months Ended
	Jun. 30, 2016USD ($)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Investment beginning balance	$ 190,172
Foreign currency translation	(3,339)
Investment ending balance	$ 186,833

Capital Stock (Narrative) (Deta

Capital Stock (Narrative) (Details) - USD ($)	1 Months Ended	3 Months Ended
	Apr. 30, 2016	Jun. 30, 2016	Jun. 30, 2015	Jun. 01, 2016	Mar. 31, 2016
Class of Warrant or Right [Line Items]
Common stock outstanding (in shares)		9,565,696
Number of shares available to be called by warrants (in shares)		2,144,123
Issuance of stock, shares (in shares)		498,707	2,952,084
Shares held in escrow (in shares)	2,000,000
Granted (in shares)		1,096,384
Warrants outstanding (in shares)		22,469,455			21,448,071
Weighted average warrant exercise price (In dollars per share)		$ 0.7
Award maximum contractual life		10 years
Stock options granted in period (in shares)		0	250,000
Weighted average exercise price (in dollars per share)		$ 0.74			$ 0.74
Stock options outstanding (in shares)		3,480,000			3,480,000
Intrinsic value		$ 566,000			$ 0
Weighted-average remaining contractual term		8 years 10 months 24 days
Equity restrictions		$ 3,480,000
Period after termination of services when the options become void		90 days
2016 Plan [Member]
Class of Warrant or Right [Line Items]
Shares authorized under the plan (in shares)		3,500,000		6,000,000
Shares registered under the plan (in shares)				3,000,000
Selling, General and Administrative Expenses [Member]
Class of Warrant or Right [Line Items]
Warrants issued for services (in shares)		$ 306,451	$ 155,100
Selling, General and Administrative Expenses [Member] | Additional Paid-in Capital [Member]
Class of Warrant or Right [Line Items]
Share-based compensation for options included in SG&A expense		$ 0	$ 124,375
Minimum [Member]
Class of Warrant or Right [Line Items]
Warrant exercise price (in dollars per share)		$ 0.01
Maximum [Member]
Class of Warrant or Right [Line Items]
Warrant exercise price (in dollars per share)		$ 3
Warrants Issued In Connection With Series D Warrants Issued In Connection With Series D Preferred Shares at Seventy Five Cents Per Share [Member]
Class of Warrant or Right [Line Items]
Number of shares available to be called by warrants (in shares)		385,384
Warrant exercise price (in dollars per share)		$ 0.75
Proceeds from warrants		$ 1,541,535
Dividend rate		15.00%
Redemption price (in usd per share)		$ 0.60
Warrants Expiring in 2017 [Member]
Class of Warrant or Right [Line Items]
Warrants outstanding (in shares)		22,500
Warrants Expiring in 2018 [Member]
Class of Warrant or Right [Line Items]
Warrants outstanding (in shares)		1,662,925
Warrants Expiring in 2019 [Member]
Class of Warrant or Right [Line Items]
Warrants outstanding (in shares)		4,441,531
Warrants Expiring in 2020 [Member]
Class of Warrant or Right [Line Items]
Warrants outstanding (in shares)		1,384,069
Warrants Expiring in 2021 [Member]
Class of Warrant or Right [Line Items]
Warrants outstanding (in shares)		11,662,046
Warrants Expiring in 2022 [Member]
Class of Warrant or Right [Line Items]
Warrants outstanding (in shares)		385,384
Warrants Expiring in 2027 [Member]
Class of Warrant or Right [Line Items]
Warrants outstanding (in shares)		2,911,000
Series D Preferred Stock [Member]
Class of Warrant or Right [Line Items]
Issuance of stock, shares (in shares)		1,542
Preferred stock value		$ 0.001
Series E Preferred Stock [Member]
Class of Warrant or Right [Line Items]
Issuance of stock, shares (in shares)		2,330
Preferred stock value		$ 0.001
Proceeds from warrants		$ 2,330,000
Redemption price (in usd per share)		$ 1.59
Redemption price in event stock gets uplisted (in usd per share)		$ 1.34

Capital Stock (Changes In Warra

Capital Stock (Changes In Warrants) (Details)	3 Months Ended
	Jun. 30, 2016shares
Class of Warrant or Right [Roll Forward]
Outstanding at beginning of period (in shares)	21,448,071
Granted (in shares)	1,096,384
Exercised (in shares)	(75,000)
Expired/canceled (in shares)	0
Outstanding at end of period (in shares)	22,469,455

Capital Stock (Summary of Warra

Capital Stock (Summary of Warrants Granted) (Details)	3 Months Ended
	Jun. 30, 2016shares
Class of Stock [Line Items]
Granted (in shares)	1,096,384
Issued for Services [Member]
Class of Stock [Line Items]
Granted (in shares)	711,000
Issued for Preferred Stock [Member]
Class of Stock [Line Items]
Granted (in shares)	385,384

Capital Stock (Valuation Assump

Capital Stock (Valuation Assumptions Used For Equity Compensation) (Details)	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Employee Stock Option [Member]
Class of Warrant or Right [Line Items]
Risk-free interest rates		2.13%
Expected volatility		105.39%
Dividend yields		0.00%
Expected lives (years)		6 years
Warrant [Member]
Class of Warrant or Right [Line Items]
Risk-free interest rates	1.34%	1.60%
Expected volatility	100.76%	120.75%
Dividend yields	0.00%	0.00%
Expected lives (years)	5 years	5 years

Capital Stock (Stock Option Act

Capital Stock (Stock Option Activity) (Details) - $ / shares	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Mar. 31, 2016
Number of Options
Shares available for grant, beginning balance (in shares)	20,000
Stock options outstanding, beginning balance (in shares)	3,480,000
Granted (in shares)	0	(250,000)
Exercised (in shares)	0
2016 Plan (in shares)	3,000,000
Forfeited (in shares)	0
Shares available for grant, ending balance (in shares)	3,020,000
Stock options outstanding, ending balance (in shares)	3,480,000
Weighted Average Exercise Price
Weighted average exercise price of shares outstanding (in dollars per share)	$ 0.74		$ 0.74

(Loss) Per Share (Details)

(Loss) Per Share (Details) - shares	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	34,184,089	18,889,569
Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	22,469,455	10,259,569
Stock options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	3,480,000	1,830,000
Convertible Subordinated Notes [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	3,200,000	6,800,000
Convertible Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	5,034,634	0

Related Parties (Details)

Related Parties (Details)	3 Months Ended	12 Months Ended
	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)bond	Apr. 30, 2016USD ($)	Jun. 30, 2015USD ($)
Related Party Transaction [Line Items]
Number of short-term bonds issued | bond		3
ART Support Services [Member]
Related Party Transaction [Line Items]
Short-term loan	$ 209,291			$ 208,181
Affiliated Entity [Member]
Related Party Transaction [Line Items]
Long term debt, face value		$ 450,000
Notes, interest rate (percent)	15.30%
Principal and interest past due classified as Related party payables	$ 232,414	295,415
Cagan Mcafee Capital Partners [Member]
Related Party Transaction [Line Items]
Amounts due related to expired management advisory agreement	$ 761,805	$ 711,805
Related party interest rate (percent)	12.00%
Subordinated notes payable [Member]
Related Party Transaction [Line Items]
Notes, interest rate (percent)	12.00%
Subordinated notes payable [Member] | Director [Member]
Related Party Transaction [Line Items]
Long term debt, face value	$ 1,000,000
Related party interest rate (percent)	12.00%
Promissory Note Issued and Included in Asset Purchase Agreement [Member]
Related Party Transaction [Line Items]
Long term debt, face value			$ 727,285
Promissory Note Issued and Included in Asset Purchase Agreement [Member] | Director [Member]
Related Party Transaction [Line Items]
Long term debt, face value			727,285
First Promissory Note Issued As Part Of Purchase Price Adjustment Agreement [Member] | Notes Payable, Other Payables [Member]
Related Party Transaction [Line Items]
Long term debt, face value			$ 720,084
Notes, interest rate (percent)			12.00%
First Promissory Note Issued As Part Of Purchase Price Adjustment Agreement [Member] | Notes Payable, Other Payables [Member] | Director [Member]
Related Party Transaction [Line Items]
Notes, interest rate (percent)	12.00%

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($)	Dec. 30, 2015	Dec. 18, 2015	Jun. 30, 2016	Mar. 31, 2016
Loss Contingencies [Line Items]
Equity shares as percentage of total paid up share capital of DPPL (percent)	10.00%
Amount of option for investment buyback			$ 3,000,000	$ 3,000,000
Loan Payable to HALLMOM, LLC [Member] | Loans Payable [Member]
Loss Contingencies [Line Items]
Amount of loan repaid	$ 2,000,000
Shares to be returned and canceled (shares)	1,000,000
Warrants to be returned and canceled (shares)	2,500,000
Reinvention Capital Advisors Co. [Member]
Loss Contingencies [Line Items]
Damages sought		$ 500,996

Sale of U.S. Operations (Gain f

Sale of U.S. Operations (Gain from Discontinued Operations) (Details) - USD ($)	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss from discontinued operations, net of tax	$ 0	$ (102,744)
Calpian Commerce Segment [Member] | Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue, net:		3,481,723
Cost of revenues:		2,449,890
Gross profit:		1,031,833
General and administrative expenses		917,604
Other income (expense)		(216,973)
Income tax expense		0
Loss from discontinued operations, net of tax		(102,744)
Calpian Commerce Segment [Member] | Residual Portfolio [Member] | Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue, net:		695,501
Calpian Commerce Segment [Member] | Processing Fees [Member] | Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue, net:		2,487,296
Calpian Commerce Segment [Member] | Other [Member] | Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue, net:		298,926
Calpian Commerce Segment [Member] | Residual Portfolio Amortization [Member] | Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cost of revenues:		263,421
Calpian Commerce Segment [Member] | Processing And Other [Member] | Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cost of revenues:		2,089,107
Calpian Commerce Segment [Member] | Other [Member] | Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cost of revenues:		97,362
Calpian Commerce Segment [Member] | Salaries And Wages [Member] | Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
General and administrative expenses		583,380
Calpian Commerce Segment [Member] | Selling, General and Administrative Expenses [Member] | Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
General and administrative expenses		293,237
Calpian Commerce Segment [Member] | Depreciation And Amortization [Member] | Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
General and administrative expenses		40,987
Calpian Commerce Segment [Member] | Interest Expense [Member] | Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Other income (expense)		(305,965)
Calpian Commerce Segment [Member] | Other Nonoperating Income (Expense) [Member] | Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Other income (expense)		$ 88,992

Sale of U.S. Operations (Cash F

Sale of U.S. Operations (Cash Flow Related to Discontinued Operations) (Details) - Calpian Commerce Segment [Member] - Disposed of by Sale	3 Months Ended
	Jun. 30, 2015USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Portfolio Amortization	$ 263,421
Depreciation and amortization	56,785
Purchases of property and equipment	$ 7,186

Supplemental Cash Flow Inform60

Supplemental Cash Flow Information (Details) - USD ($)	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Interest paid, net of amounts capitalized	$ 26,244	$ 0
Taxes Paid	0	0
Common Stock [Member]
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Cancellation of common stock for DPPL shares	$ 0	$ 704,646

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	Sep. 14, 2016	Jul. 31, 2016	Sep. 14, 2016	Jun. 30, 2016	Jun. 30, 2015	Sep. 12, 2016	Mar. 31, 2016
Subsequent Event [Line Items]
Number of shares of preferred stock issued (in shares)				2,330			0
Issuance of stock, shares (in shares)				498,707	2,952,084
Series E Preferred Stock [Member]
Subsequent Event [Line Items]
Preferred stock, stated value (in USD per share)				$ 0.001
Proceeds from warrants				$ 2,330,000
Issuance of stock, shares (in shares)				2,330
Series D Preferred Stock [Member]
Subsequent Event [Line Items]
Preferred stock, stated value (in USD per share)				$ 0.001
Issuance of stock, shares (in shares)				1,542
Subsequent Event [Member]
Subsequent Event [Line Items]
Stock issued for services, shares (in shares)			184,846
Proceeds from warrant exercises			$ 1,523,762
Warrants exercised (in shares)			2,826,309
Proceeds from warrant cashless exercise			$ 300,000
Interest payable						$ 49,350
Shares converted (in shares)			499,072
Payments of liability extension costs			$ 300,000
Subsequent Event [Member] | SVR Retail Private Ltd. [Member]
Subsequent Event [Line Items]
Cash paid for acquisition		$ 170,000
Subsequent Event [Member] | Series E Preferred Stock [Member]
Subsequent Event [Line Items]
Number of shares of preferred stock issued (in shares)						200
Preferred stock, par value (in USD per share)						$ 0.001
Proceeds from warrants	$ 200,000
Subsequent Event [Member] | Series D Preferred Stock [Member]
Subsequent Event [Line Items]
Shares converted (in shares)			357,425
Issuance of stock, shares (in shares)			186
Warrant [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Stock issued for services, shares (in shares)			75,000