MoneyOnMobile (MOMT) 10-Q 14 Aug 17 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jun. 30, 2017	Aug. 10, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	MoneyOnMobile, 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, 2017
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		71,648,770

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2017	Mar. 31, 2017
Current Assets
Cash and equivalents	$ 2,256,758	$ 2,164,993
Due from distributors (Due from Related party: $106,503 and $106,109 as of June 30 and March 31, 2017)	600,317	327,535
Advances to aggregators	307,315	396,399
Other current assets	824,367	925,968
Total current assets	3,988,757	3,814,895
Property and equipment, net	3,414,719	3,483,520
Goodwill	12,561,183	12,508,791
Other intangible assets, net	4,198,508	4,286,938
Other non-current assets	367,078	366,979
Total assets	24,530,245	24,461,123
Current Liabilities
Accounts payable	2,088,715	1,769,667
Accrued liabilities	3,577,983	2,589,070
Related party payables	2,338,445	2,037,797
Current portion of long-term debt, net	9,992,245	9,508,025
Advances from distributors	2,534,059	2,108,645
Preferred stock dividends	239,375	186,438
Mandatory redeemable financial instruments - current portion	2,564,219	3,010,254
Total current liabilities	23,335,041	21,209,896
Long-term debt	1,951,394	1,970,965
Mandatory redeemable financial instruments - long-term	1,384,779	1,443,059
Other non-current liabilities	106,459	106,046
Total liabilities	26,777,673	24,729,966
Commitments and contingencies
Preferred stock Series D, $0.001 par value; 2,142 shares authorized, 1,356 and 1,356 shares issued and outstanding as of June 30 and March 31, 2017, respectively	1,225,000	1,225,000
Shareholders' (Deficit)
Preferred stock Series E, $0.001 par value; 25,000 authorized, 2,530 and 2,530 shares issued and outstanding as of June 30 and March 31, 2017, respectively	3	3
Common stock, $0.001; 200,000,000 shares authorized, 64,625,694 and 64,069,666 shares issued and outstanding as of June 30 and March 31, 2017, respectively	64,626	64,070
Stock subscribed 6,177,879 and 157,143 shares issued and outstanding as of June 30 and March 31, 2017, respectively	6,178	157
Additional paid-in capital	52,784,078	49,550,769
Accumulated deficit	(53,434,079)	(50,102,952)
Cumulative other comprehensive loss	(1,078,240)	(1,080,141)
Total MoneyOnMobile, Inc. shareholders’ (deficit)	(1,657,434)	(1,568,094)
Noncontrolling interest	(1,814,994)	74,251
Total shareholders' (deficit)	(3,472,428)	(1,493,843)
Total liabilities and shareholders' (deficit)	$ 24,530,245	$ 24,461,123

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2017	Mar. 31, 2017
Statement of Financial Position [Abstract]
Due from related party, distributors	$ 106,503	$ 106,109
Preferred stock Series D, par value (in usd per share)	$ 0.001	$ 0.001
Preferred stock Series D, shares authorized (in shares)	2,142	2,142
Preferred stock Series D, shares issued (in shares)	1,356	1,356
Preferred stock Series D, shares outstanding (in shares)	1,356	1,356
Preferred stock Series E, par value (in usd per share)	$ 0.001	$ 0.001
Preferred stock Series E, shares authorized (in shares)	25,000	25,000
Preferred stock Series E, shares issued (in shares)	2,530	2,530
Preferred stock Series E, shares outstanding (in shares)	2,530	2,530
Common stock, par value (in usd per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	64,625,694	64,069,666
Common stock, shares outstanding (in shares)	64,625,694	64,069,666
Stock subscribed, shares issued (in shares)	6,177,879	157,143
Stock subscribed, shares outstanding (in shares)	6,177,879	157,143

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Income Statement [Abstract]
Revenues, net	$ 1,211,095	$ 1,409,395
Cost of revenues	513,293	664,126
Gross profit	697,802	745,269
General and administrative expenses
Salaries and wages	940,021	756,318
Selling, general and administrative	3,071,074	1,856,475
Depreciation and amortization	153,338	194,146
Total general and administrative	4,164,433	2,806,939
Operating loss	(3,466,631)	(2,061,670)
Other income (expenses)
Interest expense	(552,692)	(375,942)
Other	(12,295)	0
Total other income (expenses)	(564,987)	(375,942)
Loss from operations, before income tax	(4,031,618)	(2,437,612)
Income tax benefit (expense)	0	0
Net loss	(4,031,618)	(2,437,612)
Preferred stock dividends	(52,937)	0
Net loss attributable to common stockholders	(4,084,555)	(2,437,612)
Net loss attributable to noncontrolling interest	(753,428)	(702,025)
Net loss attributable to MoneyOnMobile, Inc. shareholders	(3,331,127)	(1,735,587)
Other comprehensive income (loss):
Currency translation adjustments, net of tax	34,117	(428,503)
Total comprehensive loss	(4,050,438)	(2,866,115)
Comprehensive loss attributable to:
Noncontrolling interest	(735,913)	(819,863)
MoneyOnMobile, Inc. shareholders	$ (3,314,525)	$ (2,046,252)
Net loss per share (in usd per share)	$ (0.06)	$ (0.05)
Net loss per share, attributable to MoneyOnMobile, Inc. shareholders, basic and diluted (in usd per share)	$ (0.05)	$ (0.03)
Weighted average number of shares outstanding, basic and diluted (in shares)	65,549,829	50,871,532

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
OPERATING ACTIVITIES
Net loss	$ (4,031,618)	$ (2,437,612)
Adjustments to reconcile net loss to cash used in operating activities
Subordinated note discount amortization and other	179,765	172,884
Depreciation and amortization	153,338	194,146
Stock based compensation	456,344	0
Equity awards issued for services	810,446	520,791
Changes in operating assets and liabilities:
Due from distributors	(272,782)	94,864
Other assets	190,586	897,261
Related party payables	300,648	46,020
Accounts payable and accrued liabilities	1,308,375	(961,319)
Advances from distributors	425,414	(1,274,055)
Net cash (used in) operating activities	(479,484)	(2,747,020)
INVESTING ACTIVITIES
Purchases of property and equipment	(5,523)	(56,839)
Net cash (used in) investing activities	(5,523)	(56,839)
FINANCING ACTIVITIES
Payments on notes payable and bank loan	(420,692)	(16,226)
Payments to acquire noncontrolling interest	(520,048)	(268,653)
Borrowings on senior and subordinate notes	700,000	0
Issuance of common stock and warrants	858,000	0
Issuance of preferred stock, Series E for cash	0	3,871,535
Net cash provided by financing activities	617,260	3,586,656
Foreign currency effect on cash flows	(40,488)	(63,270)
Net change in cash and cash equivalents	91,765	719,527
Cash and cash equivalents at beginning of period	2,164,993	2,119,794
Cash and cash equivalents at end of period	$ 2,256,758	$ 2,839,321

Condensed Consolidated Stateme6

Condensed Consolidated Statement of Shareholders' (Deficit) - 3 months ended Jun. 30, 2017 - USD ($)	Total	Preferred Stock - Series E	Common Stock	Subscribed Stock	Paid-in Capital	Accumulated Deficit	Noncontrolling Interests	Comprehensive Income (Loss)
Balance at Mar. 31, 2017	$ (1,493,843)	$ 3	$ 64,070	$ 157	$ 49,550,769	$ (50,102,952)	$ 74,251	$ (1,080,141)
Balance, shares (in shares) at Mar. 31, 2017		2,530	64,069,666	157,143
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock for cash	$ 858,000			$ 2,860	855,140
Issuance of common stock (in shares)	2,860,002			2,860,002
Warrants issued for services	$ 494,371				494,371
Stock issued for services	$ 316,075		$ 556	$ 185	315,334
Stock issued for services (in shares)	741,028		556,028	185,000
Stock-based compensation - options	$ 456,344				456,344
Preferred dividends - series D	(52,937)				(52,937)
Redeemable purchase of noncontrolling interest	0				245,555		(242,474)	(3,081)
Purchase of subsidiary shares from noncontrolling interest	0			$ 2,976	919,502		(910,858)	(11,620)
Purchase of subsidiary shares from noncontrolling interest (in shares)				2,975,734
Net loss	(4,084,555)					(3,331,127)	(753,428)
Foreign currency translation adjustment	34,117						17,515	16,602
Balance at Jun. 30, 2017	$ (3,472,428)	$ 3	$ 64,626	$ 6,178	$ 52,784,078	$ (53,434,079)	$ (1,814,994)	$ (1,078,240)
Balance, shares (in shares) at Jun. 30, 2017		2,530	64,625,694	6,177,879

Basis of Presentation

Basis of Presentation	3 Months Ended
	Jun. 30, 2017
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, 2017. 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, 2017 are not necessarily indicative of the results that may be expected for the year ending March 31, 2018. Going Concern The Company’s consolidated 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 $ (4,031,618) for the three months ended June 30, 2017 and $(13,095,503) for the fiscal year ended March 31, 2017. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The Company is continuing with its plan to expand its mobile payment and ATM processing operations in India. Management believes that its operating strategy will provide the opportunity for the Company to continue as a going concern as long as it continues to obtain sufficient external financing; however, there is no assurance this will occur. The accompanying condensed 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, 2017
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 (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 term of the related debt to their date of redemption. Foreign Currency Translation The functional currency of MoneyOnMobile, consisting of DPPL, SVR and the variable interest entities MMPL and Payblox, is the Indian Rupee. MoneyOnMobile 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. The Company has elected to early adopt Accounting Standards Update No: 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Accounting for Goodwill Impairment. 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 goodwill impairment. 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 goodwill impairment test is performed. To calculate any potential impairment, we compares the fair value of the reporting unit with its carrying amount. Any excess of the goodwill carrying amount over its fair value is recognized as an impairment loss, and the carrying value of goodwill is written down. 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. Capitalized costs for internally developed software during the thee months ended June 30, 2017 and 2016 totaled $0 and $44,714 , respectively. 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. Capitalized costs for software developed for resale during the three months ended June 30, 2017 and 2016 totaled $0 for both periods. 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 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, 2017 or 2016 . 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 Company has three primary revenue streams: residual portfolios, merchant payment processing fees, and MoneyOnMobile transactions. 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, we act as an agent with consumers. Distributors use our electronic wallet technology to allow consumers to pay utility bills by mobile phone text message and smart phone. We earn 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 our technology to facilitate non-distributor-related transactions with other parties that have MoneyOnMobile accounts, including other retailers and utilities and other consumers. We also earn 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, 2017 and March 31, 2017, advances from distributors was $2,534,059 and $2,108,645 , respectively. Revenue from the above services and transaction fees are recognized on a net basis, as the Company is not the primary obligor, does not establish prices and does not maintain inventory or credit risk. Advertising Advertising costs are expensed as incurred. During the three months ended June 30, 2017 and 2016 , advertising expense was $114,878 and $ $43,143 , respectively. Operating Lease Expense Rental expense, consisting primarily of office rent for our Corporate office in Dallas, Texas and satellite offices in India, totaled $46,831 and $66,774 during the three months ended June 30, 2017 and 2016 , 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. Recent Accounting Pronouncements In May 2014, the FASB issued guidance that supersedes revenue recognition requirements regarding contracts with customers to transfer goods or services or for the transfer of non-financial assets. Under the new guidance, entities are required to recognize revenue in order to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance provides a five-step analysis to be performed on transactions to determine when and how revenue is recognized. The guidance permits two transition methods of adoption 1) the full retrospective method, in which case the standard would be applied to all reporting periods presented, or 2) the modified retrospective method, with a cumulative-effect adjustment as of the date of adoption. In July 2015, the FASB decided to approve a one-year deferral of the effective date as well as providing an option to early adopt the standard on the original effective date. This new guidance is effective for fiscal years and interim periods within those annual years beginning after December 15, 2017. The Company will adopt this guidance in its fiscal year beginning April 1, 2018. The Company is currently evaluating the impact of the adoption of ASU No. 2014-09 on the consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (“ASU 2016-02”). This new standard establishes a right-of-use (ROU) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. The Company is currently evaluating the impact of the adoption of ASU 2016-02 on the consolidated financial statements. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments - Overall (Topic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities ("ASU 2016-01"). ASU 2016-01 addresses certain aspects of recognition, measurement, presentation and disclosures of financial instruments including the requirement to measure certain equity investments at fair value with changes in fair value recognized in net income. ASU 2016-01 will become effective for the Company beginning April 1, 2018. The Company is currently evaluating the guidance to determine the potential impact on its consolidated financial statements.

Property and Equipment

Property and Equipment	3 Months Ended
	Jun. 30, 2017
Property, Plant and Equipment [Abstract]
Property and Equipment	PROPERTY AND EQUIPMENT At June 30, and March 31, 2017 , property and equipment consisted of: June 30, 2017 March 31, 2017 Building $ 3,719,483 $ 3,744,261 Equipment 262,013 274,994 Furniture and fixtures 29,697 18,986 Subtotal 4,011,193 4,038,241 Less accumulated depreciation (596,474 ) (554,721 ) Property and equipment, net $ 3,414,719 $ 3,483,520 For the quarter ended June 30, 2017 and 2016, depreciation expense was $ 41,573 and $ 62,624

Variable Interest Entities

Variable Interest Entities	3 Months Ended
	Jun. 30, 2017
Equity Method Investments and Joint Ventures [Abstract]
Variable Interest Entities	VARIABLE INTEREST ENTITIES My Mobile Payments Limited No direct investment was made by the Company to MMPL during the three months ending June 30, 2017 . During March 2017, the Company reached a settlement agreement with the co-founder of DPPL and MMPL. The Company agreed to purchase all DPPL and MMPL shares held by the co-founder and his business associates. During the three months ended June 30, 2017, the Company paid $520,048 to the co-founder to acquire 40,000 shares of MMPL and 74,500 shares of DPPL, and are being held in escrow until all the payments have been made. See Note 8: Mandatory Redeemable Financial Instruments for detail of payment schedule for the Company's purchase of the remaining shares held by the co-founder at June 30, 2017. Net loss and comprehensive loss are attributed to controlling and noncontrolling interests. We elected to utilize a weighted average value calculation based on relative ownership interest of DPPL. For the three months ended June 30, 2017 and 2016, the allocation of MoneyOnMobile to our controlling interest was 76.4% and 72.5% , respectively. During the three months ended June 30, 2017 and 2016, the Company paid $520,048 and $0 , respectively, to acquire shares of DPPL and MMPL from Noncontrolling interest. The following table presents the Net Loss of Subsidiaries Attributable to MoneyOnMobile and Transfers (to) from Noncontrolling Interests during the three months ended June 30, 2017 : Net loss attributable to MoneyOnMobile shareholders for the three months ended June 30, 2017 $ (3,331,127 ) Transfers (to) from the noncontrolling interest Increase in paid-in capital for conversion of DPPL common shares to MoneyOnMobile, Inc. common shares 910,858 Increase in paid-in capital for purchase of DPPL and MMPL common shares from Noncontrolling interests 242,474 Net Transfers (to) from noncontrolling interest 1,153,332 Change from net loss attributable to MoneyOnMobile shareholders and transfers (to) from noncontrolling interests for the three months ended June 30, 2017 $ (2,177,795 )

Goodwill

Goodwill	3 Months Ended
	Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	GOODWILL The following table is a reconciliation of the carrying amount of goodwill: Carrying value at March 31, 2017 $ 12,508,791 Net foreign exchange movement 52,392 Carrying value at June 30, 2017 $ 12,561,183

Other Intangible Assets, Net

Other Intangible Assets, Net	3 Months Ended
	Jun. 30, 2017
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, 2017 March 31, 2017 Customer lists $ 1,209,202 $ 1,204,724 Software development costs 1,588,208 1,582,327 Trademarks 30,272 30,160 Contracts 86,544 86,229 2,914,226 2,903,440 Less accumulated amortization (2,114,830 ) (2,003,065 ) Total $ 799,396 $ 900,375 For the three months ended June 30, 2017 and 2016, the weighted average amortization period is approximately 5 years. For the three months ended June 30, 2017 and 2016 amortization expense was $ 111,765 and $ 131,522 , respectively. Other intangible assets not subject to amortization consisted of the following: June 30, 2017 March 31, 2017 License $ 2,439,720 $ 2,430,686 Trade name 949,392 945,877 Domain names 10,000 10,000 Total $ 3,399,112 $ 3,386,563

Accrued Liabilities

Accrued Liabilities	3 Months Ended
	Jun. 30, 2017
Payables and Accruals [Abstract]
Accrued Liabilities	ACCRUED LIABILITIES Accrued liabilities consisted of the following: June 30, 2017 March 31, 2017 Interest payable $ 1,134,938 $ 930,997 Wages and benefits 370,475 332,980 Foreign statutory fees 394,148 205,726 Bank overdraft 44,886 154,333 Vendor payments 1,633,536 965,034 Total $ 3,577,983 $ 2,589,070

Mandatory Redeemable Financial

Mandatory Redeemable Financial Instruments	3 Months Ended
	Jun. 30, 2017
Other Liabilities Disclosure [Abstract]
Mandatory Redeemable Financial Instruments	MANDATORY REDEEMABLE FINANCIAL INSTRUMENTS During March 2017, the Company reached a settlement agreement with the co-founder of DPPL and MMPL. The Company agreed to purchase all DPPL and MMPL shares held by the co-founder and his business associates. The fair value of the forward contract at inception totaled $ 4,941,040 . During the three months ended June 30, 2017, the Company paid $520,048 and the remaining liability, net of fair value discount, at June 30, 2017 totaled $3,948,998 . Shares purchased are being held in escrow until all the payments are made. Also, $12,295 was expensed relating to the accretion of the fair value discount during the three months ended June 30, 2017. The following table provides a reconciliation of the activity for the three months ended June 30, 2017 to the amounts recorded in the consolidated balance sheet: Total mandatory redeemable financial instruments $ 4,596,822 Fair value discount (143,509 ) Total mandatory redeemable financial instruments, net at March 31, 2017 4,453,313 Accretion of fair value discount 12,295 Net foreign exchange movement 3,438 Less payments (520,048 ) Total mandatory redeemable financial instruments, net at June 30, 2017 3,948,998 Less mandatory redeemable financial instruments - current portion 2,564,219 Mandatory redeemable financial instruments - long term portion $ 1,384,779 Purchase commitment schedule for the Company acquiring the following shares: MMPL DPPL Total For the quarter ended September 30, 2017 $ 982,838 $ 278,665 $ 1,261,503 For the quarter ended December 31, 2017 669,524 256,244 925,768 For the quarter ended March 31, 2018 — 307,493 307,493 For the quarter ended June 30, 2018 — 307,493 307,493 For the quarter ended September 30, 2018 — 307,493 307,493 For the quarter ended December 31, 2018 — 307,493 307,493 For the quarter ended March 31, 2019 — 307,493 307,493 For the quarter ended June 30, 2019 — 307,493 307,493 For the quarter ended September 30, 2019 — 49,103 49,103 Remaining share purchase commitment at June 30, 2017 $ 1,652,362 $ 2,428,970 $ 4,081,332

Debt

Debt	3 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Debt	DEBT Long term debt consisted of the following: June 30, 2017 March 31, 2017 Convertible subordinated notes payable $ 3,110,000 $ 2,900,000 Notes payable and promissory notes 4,404,388 4,066,595 Building mortgage 2,017,697 2,040,802 Unsecured credit facility 2,746,491 2,974,000 Total 12,278,576 11,981,397 Less: debt discount (334,937 ) (502,407 ) 11,943,639 11,478,990 Less: current portion (9,992,245 ) (9,508,025 ) Long term debt $ 1,951,394 $ 1,970,965 Convertible 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. The notes bear interest at a rate of 12% annually paid monthly in arrears. In March 2016, the Company extended the maturity date on its remaining subordinated notes 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 March 31, 2017 and reissued with an extended maturity date. In May 2017, the Company entered into a Securities Purchase Agreement, whereby the Company issued and sold to an investor, a Convertible Promissory Note with a principal sum of $210,000 , 420,000 warrants to purchase shares of common stock and 85,000 restricted common shares. This note bears interest at 10% per annum and has a maturity date of December 31, 2017. At any time after the issuance date, the holder can convert any portion of the original principal amount and interest at a conversion price of $0.25 per share. The Company received $200,000 in cash proceeds. For the three months ended June 30, 2017 and 2016 , amortized debt discount included in interest expense totaled $167,470 and $172,884 , respectively. During the three months ended June 30, 2017 and 2016 , the Company made principal payments of $0 and $0 , respectively on these convertible subordinated notes payable. Notes Payable and Promissory Notes In April 2016, and in connection with the Company's sales of its U.S. Operations, the Company issued two 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 of its U.S. Operations, a $675,000 note in exchange for the buyer waiving any claims for breach of the Purchase Agreement between the buyer and the Company. The Company escrowed 2,000,000 shares of its common stock as a guarantee of repayment. Lastly, the Company issued three notes totaling $546,440 , which represented the remaining outstanding debt of the U.S. Operations 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, 2017. During the three months ended June 30, 2017 and 2016 , the Company made principal payments of $12,446 and $16,226 , respectively. In June 2015, MMPL obtained a $60,000 loan from Bajaj Finserv with an interest rate of 19% per annum payable monthly with a maturity date in May 2018. During December 2016, MMPL obtained an additional $30,000 from Bajaj Finserv. During the three months ended June 30, 2017 and 2016 , the Company made principal payments of $30,738 and $0 , respectively. In March 2017, the Company executed a $2,000,000 promissory note to HALL MOM, LLC., a Texas limited liability company (“HALL MOM"). This note possesses an interest rate of 10% per annum payable monthly from March through May 2017, and 15% annum thereafter. The maturity date is December 31, 2017. Principal payments are due each month at a minimum of $50,000 beginning April 1, 2017. During the three months ended June 30, 2017 and 2016 , the Company made principal payments of $150,000 and $0 , respectively. In May 2017, the Company issued a Secured Promissory Note with a principal sum of $200,000 and matures after twelve months. Interest accrues at 10% per annum, and increases to 13% per annum in December 2017 and increases an additional 1% each month afterward until maturity. The Company received $200,000 in cash proceeds. In June 2017, the Company issued a Secured Promissory Note with a principal sum of $300,000 and matures after twelve months. Interest accrues at 10% per annum, and increases to 13% per annum in January 2018 and increases an additional 1% each month afterward until maturity. The Company received $300,000 in cash proceeds. Building Mortgage In May 2014, MMPL obtained a $ 2,254,500 loan with Union Bank of India to purchase an office building to be used as its headquarters. The loan was interest only for the first six months at the rate of 16% per annum. Thereafter, the interest rate is 15 % per annum, and principal and interest payments are to be made in 26 equal quarterly payments. The loan matures in May 2021 and is collateralized by the building. 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 equal monthly payments. Unsecured Credit Facility In December 2016, MMPL entered into a Loan Agreement with YES BANK Limited, which provided MMPL an unsecured credit facility totaling approximately $1.5 million . As part of the agreement, a MoneyOnMobile, Inc. shareholder provided the lender with a $2.0 million standby letter-of-credit to the lender as collateral. Borrowings under the Credit Facility are at a variable rate based on 2.1% over a base rate, which is currently equal to 9.5% . The resulting aggregate interest rate on the Credit Facility totals 11.6% and matures in December 2017. In March 2017, MMPL amended its December 2016 loan agreement with YES BANK Limited, which extended the unsecured credit facility from $1.5 million to $3.0 million . As part of the amendment, a MoneyOnMobile, Inc. shareholder provided the lender with an additional $2.0 million standby letter-of-credit to the lender as collateral. No other terms of the original Loan Agreement were changed. During the three months ended June 30, 2017 and 2016 , the Company made principal payments of $227,508 and $0 , respectively. The unused line of credit at June 30, 2017 was approximately $253,508

Capital Stock

Capital Stock	3 Months Ended
	Jun. 30, 2017
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, 9,565,669 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. On May 1, 2017, the Company held a special meeting of shareholders pursuant to notice duly given. At the special meeting, the Company submitted for approval by its shareholders proposals (i) to amend its Amended and Restated Certificate of Formation - For-Profit Corporation to effect a reverse share split with respect to the Company’s issued and outstanding common stock, par value $0.001 per share, including shares held by the Company as treasury shares if any, at a ratio of between 1-for-5 and 1-for-20 (the “Exchange Range”), with the ratio within such Exchange Range to be determined at the discretion of the Board (the “Reverse Share Split”) and the Reverse Share Split shall be effected at such time as the Board deems proper and ready; and (ii) to transact any other business as may properly come before the meeting or at any adjournment thereof (the “Other Transactions”). As of June 30, 2017, the Reverse Share Split is on hold. The Board may approve the Reverse Share Split up until December 31, 2017. Common Stock During the three months ended June 30, 2017 and 2016, the Company issued shares of its common stock as follows: 2017 2016 Shares Amount Shares Amount Issuance of common stock for cash 2,860,002 (1) $ 858,000 — $ — Issuance of common stock for services 741,028 (1) 316,075 498,707 214,340 (1) - Shares total includes certain subscribed stock. Convertible Preferred Stock - Series D During the three months ended June 30, 2017 and 2016, the Company issued 0 and 1,542 shares, respectively, 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 0 and 385,384 shares, respectively, of Common Stock at an exercise price of $0.75 per share. The Company received gross proceeds of $0 and $ $1,542,000 , respectively, 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, 2017 there was no conversion of shares of Series D Preferred. At June 30 and March 31, 2017, outstanding cumulative preferred dividends totaled $239,375 and $186,438 , respectively. Warrants At June 30, 2017, and in connection with financing activities and service agreements, 20,919,804 warrants for our common stock with exercise prices ranging from $ 0.01 to $ 3.00 per share ($ 0.67 weighted average) are outstanding and expire during the fiscal years as follows: 750,660 in 2019 ; 2,501,197 in 2020 ; 1,451,619 in 2021 ; 6,098,345 in 2022 ; 6,342,983 in 2023 ; and 3,775,000 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 during the three months ended June 30, 2017 . Outstanding at March 31, 2017 17,852,803 Granted 3,117,001 Exercised — Expired/canceled (50,000 ) Outstanding at June 30, 2017 20,919,804 For the three months ended June 30, 2017 the Company granted the following warrants: Issued for services 1,267,000 Issued for common stock for cash 1,430,001 Issued for debt issuance 420,000 Total 3,117,001 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. Warrants issued for services included in selling, general and administrative expenses was $ 494,371 and $ 306,451 for the three months ended June 30, 2017 and 2016 , 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, 2017 and 2016: 2017 2016 Risk-free interest rates 1.87 % 1.34 % Expected volatility 95.19 % 100.76 % Dividend yields — % — % Expected lives (years) 5 years 5 years 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, 2017 and 2016, the Company awarded 1,850,000 and 0 incentive stock options for shares of common stock. Stock-based compensation expense included in selling, general and administrative expenses was $456,344 and $0 for the three months ended June 30, 2017 and 2016. Options with a weighted-average exercise price of $0.59 per share for 5,930,000 common shares were outstanding at June 30, 2017. 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, 2017 and 2016 totaled $0 and $566,000 , respectively. At June 30, 2017, outstanding options are fully vested and the weighted-average remaining contractual term was 8.1 years; however, if services are earlier terminated, 5,930,000 options become void 90 days after termination. 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: 2017 2016 Risk-free interest rates 1.89 % 1.74 % Expected volatility 96.99 % 103.05 % Dividend yields — % — % Expected lives (years) 5 years 5 years The following table summarizes the changes in equity available for grant, comprised of stock options and restricted common stock, for the three months ended June 30, 2017 . Number of Options Weighted Average Exercise Price Outstanding at March 31, 2017 4,080,000 $ 0.70 Granted 1,850,000 $ 0.34 Exercised — Forfeited — Outstanding at June 30, 2017 5,930,000 $ 0.59

(Loss) Per Share

(Loss) Per Share	3 Months Ended
	Jun. 30, 2017
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 (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 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. Our shareholder equity includes a line item for “subscribed stock", which represents shares of common stock for which we irrevocably received investors’ purchase prices but, due to administrative delays, had not issued the respective shares of common stock before the period end. These shares have been included in the weighted average number of shares of common stock outstanding during the period for the purposes of calculating basic (loss) per share. The computation of basic and diluted loss per share 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 net (loss) per share as of June 30, 2017 and 2016 are: 2017 2016 Warrants 20,919,804 22,469,455 Stock options 5,930,000 3,480,000 Convertible subordinated notes 3,110,000 3,200,000 Convertible preferred stock 4,235,977 5,034,634 Total 34,195,781 34,184,089

Related Parties

Related Parties	3 Months Ended
	Jun. 30, 2017
Related Party Transactions [Abstract]
Related Parties	RELATED PARTIES Support Services and Advances ART Holdings has provided the Company with certain services, with outstanding payments being interest-free. At June 30 and March 31, 2017, amounts due to ART totaled $190,511 for both periods, and is included in Related party payables in the condensed consolidated balance sheets. Cagan McAfee Capital Partners, LLC / Cagan Capital, LLC / Laird Cagan Cagan McAfee Capital Partners, LLC (“CMCP”) is an investment company owned and controlled by Laird Cagan, a former member of our Board of Directors and a significant shareholder. The amounts due, including interest, to CMCP totaled $761,805 as of June 30 and March 31, 2017, and is recorded in Related party payables in the condensed consolidated balance sheets. At June 30, 2017, the Company has two promissory notes due to Mr. Cagan. The first, is a $727,000 principal amount, which may be converted to common stock at any time by dividing the outstanding principal and any accrued interest by $2.00 per share. The second promissory notes is non-convertible and has a principal amount of $162,137 . No principal or interest payments were made during the three months ended June 30, 2017. See note 9: Debt for more information. Happy Cellular Services Limited The majority shareholder and Chairman of Happy Cellular Services Limited ("Happy Cellular"), is also a shareholder and board member of MMPL. Additionally, a certain number of Happy Cellular retailers are also agents for MoneyOnMobile. Happy Cellular has provided refundable deposits totaling approximately $619,000

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES The Company possesses certain redemption commitments related to its outstanding Series D Preferred Stock. See Note 10 - Capital Stock

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	3 Months Ended
	Jun. 30, 2017
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	SUPPLEMENTAL CASH FLOW INFORMATION The table below provides a summary of significant non-cash investing and financing transactions for the three months ended June 30, 2017 and 2016. 2017 2016 Exchange of common stock to acquire subsidiary shares from noncontrolling interest $ 922,478 $ — The table provides a summary of cash paid for interest and income taxes for the three months ended June 30, 2017 and 2016: 2017 2016 Interest paid, net of amounts capitalized $ 32,738 $ 26,244 Income taxes paid — —

Subsequent Events

Subsequent Events	3 Months Ended
	Jun. 30, 2017
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS Sale of Equity Securities Subsequent to June 30, 2017, the Company issued 157,407 common shares for settlement of accounts payable. Also, 521,123 warrants having a strike price of $0.01 were exercised. Fund Raising Activities Subsequent to June 30, 2017, the Company raised $50,000 in exchange for issuing 166,667 common shares and warrants to purchase 83,333 common shares at a strike price of $0.45 . New Debt Obligations Subsequent to June 30, 2017, Company issued a promissory note with a principal balance of $200,000 , having a one year term. Interest increases during the term from 10% to 17% per annum. Employee Retainer Options Subsequent to June 30, 2017, the Company issued 225,000

Summary of Significant Accoun22

Summary of Significant Accounting Policies (Policy)	3 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Reclassifications	ReclassificationsCertain previously reported amounts have been reclassified to conform to the current presentation.
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	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 (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 term of the related debt to their date of redemption.
Foreign Currency Translation	Foreign Currency TranslationThe functional currency of MoneyOnMobile, consisting of DPPL, SVR and the variable interest entities MMPL and Payblox, is the Indian Rupee. MoneyOnMobile 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. The Company has elected to early adopt Accounting Standards Update No: 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Accounting for Goodwill Impairment. 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 goodwill impairment.
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. Capitalized costs for internally developed software during the thee months ended June 30, 2017 and 2016 totaled $0 and $44,714 , respectively. 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. Capitalized costs for software developed for resale during the three months ended June 30, 2017 and 2016 totaled $0 for both periods. 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 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 Company has three primary revenue streams: residual portfolios, merchant payment processing fees, and MoneyOnMobile transactions. 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, we act as an agent with consumers. Distributors use our electronic wallet technology to allow consumers to pay utility bills by mobile phone text message and smart phone. We earn 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 our technology to facilitate non-distributor-related transactions with other parties that have MoneyOnMobile accounts, including other retailers and utilities and other consumers. We also earn 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, 2017 and March 31, 2017, advances from distributors was $2,534,059 and $2,108,645 , respectively.
Advertising	AdvertisingAdvertising costs are expensed as incurred.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the FASB issued guidance that supersedes revenue recognition requirements regarding contracts with customers to transfer goods or services or for the transfer of non-financial assets. Under the new guidance, entities are required to recognize revenue in order to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance provides a five-step analysis to be performed on transactions to determine when and how revenue is recognized. The guidance permits two transition methods of adoption 1) the full retrospective method, in which case the standard would be applied to all reporting periods presented, or 2) the modified retrospective method, with a cumulative-effect adjustment as of the date of adoption. In July 2015, the FASB decided to approve a one-year deferral of the effective date as well as providing an option to early adopt the standard on the original effective date. This new guidance is effective for fiscal years and interim periods within those annual years beginning after December 15, 2017. The Company will adopt this guidance in its fiscal year beginning April 1, 2018. The Company is currently evaluating the impact of the adoption of ASU No. 2014-09 on the consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (“ASU 2016-02”). This new standard establishes a right-of-use (ROU) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. The Company is currently evaluating the impact of the adoption of ASU 2016-02 on the consolidated financial statements. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments - Overall (Topic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities ("ASU 2016-01"). ASU 2016-01 addresses certain aspects of recognition, measurement, presentation and disclosures of financial instruments including the requirement to measure certain equity investments at fair value with changes in fair value recognized in net income. ASU 2016-01 will become effective for the Company beginning April 1, 2018. The Company is currently evaluating the guidance to determine the potential impact on its consolidated financial statements.

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Jun. 30, 2017
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	At June 30, and March 31, 2017 , property and equipment consisted of: June 30, 2017 March 31, 2017 Building $ 3,719,483 $ 3,744,261 Equipment 262,013 274,994 Furniture and fixtures 29,697 18,986 Subtotal 4,011,193 4,038,241 Less accumulated depreciation (596,474 ) (554,721 ) Property and equipment, net $ 3,414,719 $ 3,483,520

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	3 Months Ended
	Jun. 30, 2017
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Net Loss of Subsidiaries and Transfers (To) From Noncontrolling Interests	The following table presents the Net Loss of Subsidiaries Attributable to MoneyOnMobile and Transfers (to) from Noncontrolling Interests during the three months ended June 30, 2017 : Net loss attributable to MoneyOnMobile shareholders for the three months ended June 30, 2017 $ (3,331,127 ) Transfers (to) from the noncontrolling interest Increase in paid-in capital for conversion of DPPL common shares to MoneyOnMobile, Inc. common shares 910,858 Increase in paid-in capital for purchase of DPPL and MMPL common shares from Noncontrolling interests 242,474 Net Transfers (to) from noncontrolling interest 1,153,332 Change from net loss attributable to MoneyOnMobile shareholders and transfers (to) from noncontrolling interests for the three months ended June 30, 2017 $ (2,177,795 )

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended
	Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The following table is a reconciliation of the carrying amount of goodwill: Carrying value at March 31, 2017 $ 12,508,791 Net foreign exchange movement 52,392 Carrying value at June 30, 2017 $ 12,561,183

Other Intangible Assets, Net (T

Other Intangible Assets, Net (Tables)	3 Months Ended
	Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	Other intangible assets subject to amortization consisted of the following: June 30, 2017 March 31, 2017 Customer lists $ 1,209,202 $ 1,204,724 Software development costs 1,588,208 1,582,327 Trademarks 30,272 30,160 Contracts 86,544 86,229 2,914,226 2,903,440 Less accumulated amortization (2,114,830 ) (2,003,065 ) Total $ 799,396 $ 900,375
Schedule of Indefinite-Lived Intangible Assets	Other intangible assets not subject to amortization consisted of the following: June 30, 2017 March 31, 2017 License $ 2,439,720 $ 2,430,686 Trade name 949,392 945,877 Domain names 10,000 10,000 Total $ 3,399,112 $ 3,386,563

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	3 Months Ended
	Jun. 30, 2017
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consisted of the following: June 30, 2017 March 31, 2017 Interest payable $ 1,134,938 $ 930,997 Wages and benefits 370,475 332,980 Foreign statutory fees 394,148 205,726 Bank overdraft 44,886 154,333 Vendor payments 1,633,536 965,034 Total $ 3,577,983 $ 2,589,070

Mandatory Redeemable Financia28

Mandatory Redeemable Financial Instruments (Tables)	3 Months Ended
	Jun. 30, 2017
Other Liabilities Disclosure [Abstract]
Schedule of Financial Instruments Subject to Mandatory Redemption	The following table provides a reconciliation of the activity for the three months ended June 30, 2017 to the amounts recorded in the consolidated balance sheet: Total mandatory redeemable financial instruments $ 4,596,822 Fair value discount (143,509 ) Total mandatory redeemable financial instruments, net at March 31, 2017 4,453,313 Accretion of fair value discount 12,295 Net foreign exchange movement 3,438 Less payments (520,048 ) Total mandatory redeemable financial instruments, net at June 30, 2017 3,948,998 Less mandatory redeemable financial instruments - current portion 2,564,219 Mandatory redeemable financial instruments - long term portion $ 1,384,779
Schedule of Purchase Commitment to Acquire Shares	Purchase commitment schedule for the Company acquiring the following shares: MMPL DPPL Total For the quarter ended September 30, 2017 $ 982,838 $ 278,665 $ 1,261,503 For the quarter ended December 31, 2017 669,524 256,244 925,768 For the quarter ended March 31, 2018 — 307,493 307,493 For the quarter ended June 30, 2018 — 307,493 307,493 For the quarter ended September 30, 2018 — 307,493 307,493 For the quarter ended December 31, 2018 — 307,493 307,493 For the quarter ended March 31, 2019 — 307,493 307,493 For the quarter ended June 30, 2019 — 307,493 307,493 For the quarter ended September 30, 2019 — 49,103 49,103 Remaining share purchase commitment at June 30, 2017 $ 1,652,362 $ 2,428,970 $ 4,081,332

Debt (Tables)

Debt (Tables)	3 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Long term debt consisted of the following: June 30, 2017 March 31, 2017 Convertible subordinated notes payable $ 3,110,000 $ 2,900,000 Notes payable and promissory notes 4,404,388 4,066,595 Building mortgage 2,017,697 2,040,802 Unsecured credit facility 2,746,491 2,974,000 Total 12,278,576 11,981,397 Less: debt discount (334,937 ) (502,407 ) 11,943,639 11,478,990 Less: current portion (9,992,245 ) (9,508,025 ) Long term debt $ 1,951,394 $ 1,970,965

Capital Stock (Tables)

Capital Stock (Tables)	3 Months Ended
	Jun. 30, 2017
Stockholders' Equity Note [Abstract]
Schedule Of Common Stock Issued	During the three months ended June 30, 2017 and 2016, the Company issued shares of its common stock as follows: 2017 2016 Shares Amount Shares Amount Issuance of common stock for cash 2,860,002 (1) $ 858,000 — $ — Issuance of common stock for services 741,028 (1) 316,075 498,707 214,340
Schedule Of Changes In Warrants	The following table summarizes the changes in warrants for during the three months ended June 30, 2017 . Outstanding at March 31, 2017 17,852,803 Granted 3,117,001 Exercised — Expired/canceled (50,000 ) Outstanding at June 30, 2017 20,919,804
Schedule Of Warrants Granted	For the three months ended June 30, 2017 the Company granted the following warrants: Issued for services 1,267,000 Issued for common stock for cash 1,430,001 Issued for debt issuance 420,000 Total 3,117,001
Schedule Of Warrants Valuation Assumptions	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, 2017 and 2016: 2017 2016 Risk-free interest rates 1.87 % 1.34 % Expected volatility 95.19 % 100.76 % Dividend yields — % — % Expected lives (years) 5 years 5 years
Schedule Of Stock Options Valuation Assumptions	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: 2017 2016 Risk-free interest rates 1.89 % 1.74 % Expected volatility 96.99 % 103.05 % Dividend yields — % — % Expected lives (years) 5 years 5 years
Stock Option Activity	The following table summarizes the changes in equity available for grant, comprised of stock options and restricted common stock, for the three months ended June 30, 2017 . Number of Options Weighted Average Exercise Price Outstanding at March 31, 2017 4,080,000 $ 0.70 Granted 1,850,000 $ 0.34 Exercised — Forfeited — Outstanding at June 30, 2017 5,930,000 $ 0.59

(Loss) Per Share (Tables)

(Loss) Per Share (Tables)	3 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Schedule Of Potentially Dilutive Securities Excluded From Diluted Earnings Per Share Computation	Potentially dilutive securities excluded from the computation of basic and diluted net (loss) per share as of June 30, 2017 and 2016 are: 2017 2016 Warrants 20,919,804 22,469,455 Stock options 5,930,000 3,480,000 Convertible subordinated notes 3,110,000 3,200,000 Convertible preferred stock 4,235,977 5,034,634 Total 34,195,781 34,184,089

Supplemental Cash Flow Inform32

Supplemental Cash Flow Information (Tables)	3 Months Ended
	Jun. 30, 2017
Supplemental Cash Flow Elements [Abstract]
Schedule of Cash Flow, Supplemental Disclosures	The table below provides a summary of significant non-cash investing and financing transactions for the three months ended June 30, 2017 and 2016. 2017 2016 Exchange of common stock to acquire subsidiary shares from noncontrolling interest $ 922,478 $ — The table provides a summary of cash paid for interest and income taxes for the three months ended June 30, 2017 and 2016: 2017 2016 Interest paid, net of amounts capitalized $ 32,738 $ 26,244 Income taxes paid — —

Basis of Presentation (Details)

Basis of Presentation (Details) - USD ($)	3 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net loss	$ (4,031,618)	$ (2,437,612)	$ (13,095,503)

Summary of Significant Accoun34

Summary of Significant Accounting Policies (Details) - USD ($)	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Mar. 31, 2017
Summary Of Significant Accounting Policies [Line Items]
Capitalized costs for internal use software	$ 0	$ 44,714
Capitalized costs for software developed for resale	0	0
Adjustments to the carrying value of long-lived assets	0	0
Deferred revenue	2,534,059		$ 2,108,645
Advertising expense	114,878	43,143
Rental expense	$ 46,831	$ 66,774
Customer Lists [Member]
Summary Of Significant Accounting Policies [Line Items]
Intangible asset, weighted average useful life	5 years
Trademarks [Member]
Summary Of Significant Accounting Policies [Line Items]
Intangible asset, weighted average useful life	5 years
Software Development [Member]
Summary Of Significant Accounting Policies [Line Items]
Intangible asset, weighted average useful life	5 years
Software and Software Development Costs [Member]
Summary Of Significant Accounting Policies [Line Items]
Intangible asset, weighted average useful life	3 years

Property and Equipment (Schedul

Property and Equipment (Schedule of Property and Equipment) (Details) - USD ($)	Jun. 30, 2017	Mar. 31, 2017
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 4,011,193	$ 4,038,241
Less accumulated depreciation	(596,474)	(554,721)
Property and equipment, net	3,414,719	3,483,520
Building [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	3,719,483	3,744,261
Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	262,013	274,994
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 29,697	$ 18,986

Property and Equipment (Narrati

Property and Equipment (Narrative) (Details) - USD ($)	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 41,573	$ 62,624

Variable Interest Entities (Nar

Variable Interest Entities (Narrative) (Details) - USD ($)	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Schedule of Equity Method Investments [Line Items]
Payments to acquire noncontrolling interest shares	$ 520,048	$ 268,653
Variable Interest Entity, Primary Beneficiary [Member]
Schedule of Equity Method Investments [Line Items]
Payments to acquire noncontrolling interest shares	$ 520,048	$ 0
My Mobile Payments Limited [Member]
Schedule of Equity Method Investments [Line Items]
Shares redeemed on settlement agreement	40,000
Digital Payments Processing Limited [Member]
Schedule of Equity Method Investments [Line Items]
Shares redeemed on settlement agreement	74,500
Ownership interest	76.40%	72.50%

Variable Interest Entities (Net

Variable Interest Entities (Net Loss and Activity of Noncontrolling Interest) (Details) - USD ($)	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Noncontrolling Interest [Line Items]
Net loss attributable to MoneyOnMobile, Inc. shareholders	$ (3,331,127)	$ (1,735,587)
Increase in paid-in capital for conversion of DPPL common shares to MoneyOnMobile, Inc. common shares	0
Increase in paid-in capital for purchase of DPPL and MMPL common shares from Noncontrolling interests	0
Change from net loss attributable to MoneyOnMobile shareholders and transfers (to) from noncontrolling interests	(2,177,795)
Noncontrolling Interest [Member]
Noncontrolling Interest [Line Items]
Increase in paid-in capital for conversion of DPPL common shares to MoneyOnMobile, Inc. common shares	910,858
Increase in paid-in capital for purchase of DPPL and MMPL common shares from Noncontrolling interests	242,474
Net Transfers (to) from noncontrolling interest	$ 1,153,332

Goodwill (Details)

Goodwill (Details)	3 Months Ended
	Jun. 30, 2017USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 12,508,791
Net foreign exchange movement	52,392
Goodwill, ending balance	$ 12,561,183

Other Intangible Assets, Net (S

Other Intangible Assets, Net (Schedule of Amortizable Finite-Lived Intangible Assets) (Details) - USD ($)	Jun. 30, 2017	Mar. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	$ 2,914,226	$ 2,903,440
Less accumulated amortization	(2,114,830)	(2,003,065)
Total	799,396	900,375
Customer Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	1,209,202	1,204,724
Software Development Costs [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	1,588,208	1,582,327
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	30,272	30,160
Contracts [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	$ 86,544	$ 86,229

Other Intangible Assets, Net (N

Other Intangible Assets, Net (Narrative) (Details) - USD ($)	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Weighted average amortization period of intangible assets	5 years	5 years
Amortization expense	$ 111,765	$ 131,522

Other Intangible Assets, Net 42

Other Intangible Assets, Net (Schedule of Unamortizable Intangible Assets) (Details) - USD ($)	Jun. 30, 2017	Mar. 31, 2017
Indefinite-lived Intangible Assets [Line Items]
Intangible assets	$ 3,399,112	$ 3,386,563
License [Member]
Indefinite-lived Intangible Assets [Line Items]
Intangible assets	2,439,720	2,430,686
Trade Names [Member]
Indefinite-lived Intangible Assets [Line Items]
Intangible assets	949,392	945,877
Domain Names [Member]
Indefinite-lived Intangible Assets [Line Items]
Intangible assets	$ 10,000	$ 10,000

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($)	Jun. 30, 2017	Mar. 31, 2017
Payables and Accruals [Abstract]
Interest payable	$ 1,134,938	$ 930,997
Wages and benefits	370,475	332,980
Foreign statutory fees	394,148	205,726
Bank overdraft	44,886	154,333
Vendor payments	1,633,536	965,034
Total accrued liabilities	$ 3,577,983	$ 2,589,070

Mandatory Redeemable Financia44

Mandatory Redeemable Financial Statements (Narrative) (Details) - USD ($)	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Mar. 31, 2017
Other Liabilities Disclosure [Abstract]
Fair value of mandatory redeemable financial instruments			$ 4,941,040
Payments to acquire noncontrolling interest shares	$ 520,048	$ 268,653
Mandatory redeemable financial instruments	3,948,998		$ 4,453,313
Accretion of fair value discount	$ 12,295

Mandatory Redeemable Financia45

Mandatory Redeemable Financial Instruments (Reconciliation of Remaining Liability) (Details) - USD ($)	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Mar. 31, 2017
Other Liabilities Disclosure [Abstract]
Total mandatory redeemable financial instruments before fair value discount	$ 4,081,332		$ 4,596,822
Fair value discount			(143,509)
Total mandatory redeemable financial instruments	3,948,998		4,453,313
Accretion of fair value discount	12,295
Net foreign exchange movement	3,438
Less payments	(520,048)	$ (268,653)
Mandatory redeemable financial instruments - current portion	2,564,219		3,010,254
Mandatory redeemable financial instruments - long term portion	$ 1,384,779		$ 1,443,059

Mandatory Redeemable Financia46

Mandatory Redeemable Financial Instruments (Purchase Commitment Schedule) (Details) - USD ($)	Jun. 30, 2017	Mar. 31, 2017
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
For the quarter ended September 30, 2017	$ 1,261,503
For the quarter ended December 31, 2017	925,768
For the quarter ended March 31, 2018	307,493
For the quarter ended June 30, 2018	307,493
For the quarter ended September 30, 2018	307,493
For the quarter ended December 31, 2018	307,493
For the quarter ended March 31, 2019	307,493
For the quarter ended June 30, 2019	307,493
For the quarter ended September 30, 2019	49,103
Remaining share purchase commitment at end of period	4,081,332	$ 4,596,822
MMPL Agreement [Member]
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
For the quarter ended September 30, 2017	982,838
For the quarter ended December 31, 2017	669,524
For the quarter ended March 31, 2018	0
For the quarter ended June 30, 2018	0
For the quarter ended September 30, 2018	0
For the quarter ended December 31, 2018	0
For the quarter ended March 31, 2019	0
For the quarter ended June 30, 2019	0
For the quarter ended September 30, 2019	0
Remaining share purchase commitment at end of period	1,652,362
DPPL Agreement [Member]
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
For the quarter ended September 30, 2017	278,665
For the quarter ended December 31, 2017	256,244
For the quarter ended March 31, 2018	307,493
For the quarter ended June 30, 2018	307,493
For the quarter ended September 30, 2018	307,493
For the quarter ended December 31, 2018	307,493
For the quarter ended March 31, 2019	307,493
For the quarter ended June 30, 2019	307,493
For the quarter ended September 30, 2019	49,103
Remaining share purchase commitment at end of period	$ 2,428,970

Debt (Schedule of Long-term Deb

Debt (Schedule of Long-term Debt Instruments) (Details) - USD ($)	Jun. 30, 2017	Mar. 31, 2017
Debt Instrument [Line Items]
Long-term debt	$ 12,278,576	$ 11,981,397
Less: debt discount	(334,937)	(502,407)
Long-term debt	11,943,639	11,478,990
Less: current portion	(9,992,245)	(9,508,025)
Long term debt, less current portion	1,951,394	1,970,965
Convertible Subordinated Notes Payable [Member]
Debt Instrument [Line Items]
Long-term debt	3,110,000	2,900,000
Notes Payable and Promissory Notes [Member]
Debt Instrument [Line Items]
Long-term debt	4,404,388	4,066,595
Building Mortgage [Member]
Debt Instrument [Line Items]
Long-term debt	2,017,697	2,040,802
Unsecured Credit Facility [Member]
Debt Instrument [Line Items]
Long-term debt	$ 2,746,491	$ 2,974,000

Debt (Convertible Subordinated

Debt (Convertible Subordinated Notes Payable) (Details) - USD ($)	1 Months Ended		3 Months Ended
	May 31, 2017	Mar. 31, 2016	Jun. 30, 2017	Jun. 30, 2016	Mar. 31, 2017
Debt Instrument [Line Items]
Warrants outstanding (in shares)			20,919,804		17,852,803
Issuance of stock, shares (in shares)			2,860,002	0
Amortization of debt discount			$ 167,470	$ 172,884
Convertible Subordinated Notes Payable [Member]
Debt Instrument [Line Items]
Notes, interest rate			12.00%
Warrants outstanding (in shares)		3,200,000
Value of warrants outstanding		$ 1,267,817
Warrants canceled and reissued (in shares)		1,000,000
Principal payments			$ 0	$ 0
Convertible Promissory Notes [Member]
Debt Instrument [Line Items]
Proceeds from issuance	$ 200,000
Subordinated Debt, Tranche 1 [Member] | Convertible Subordinated Notes Payable [Member]
Debt Instrument [Line Items]
Debt instrument, face value			3,000,000
Subordinated Debt, Tranche 2 [Member] | Convertible Subordinated Notes Payable [Member]
Debt Instrument [Line Items]
Debt instrument, face value			$ 2,000,000
Securities Purchase Agreement [Member]
Debt Instrument [Line Items]
Warrants outstanding (in shares)	420,000
Securities Purchase Agreement [Member] | Restricted Stock [Member]
Debt Instrument [Line Items]
Issuance of stock, shares (in shares)	85,000
Securities Purchase Agreement [Member] | Convertible Promissory Notes [Member]
Debt Instrument [Line Items]
Debt instrument, face value	$ 210,000
Notes, interest rate	10.00%
Conversion price per share (in dollars per share)	$ 0.25

Debt (Notes Payable and Promiss

Debt (Notes Payable and Promissory Notes) (Details)	1 Months Ended				3 Months Ended
	Jun. 30, 2017USD ($)	May 31, 2017USD ($)	Mar. 31, 2017USD ($)	Apr. 30, 2016USD ($)debt_instrumentshares	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Dec. 31, 2016USD ($)	Jun. 30, 2015USD ($)
Debt Instrument [Line Items]
Shares held in escrow (in shares) | shares				2,000,000
Debt outstanding	$ 11,943,639		$ 11,478,990		$ 11,943,639
Promissory Note Issued and Included in Asset Purchase Agreement [Member]
Debt Instrument [Line Items]
Number of debt instruments | debt_instrument				2
First Promissory Note Issued As Part Of Purchase Price Adjustment Agreement [Member]
Debt Instrument [Line Items]
Debt instrument, note balance plus interest incurred				$ 727,285
Calpian Residual Acquisition Debt [Member]
Debt Instrument [Line Items]
Number of debt instruments | debt_instrument				3
Debt outstanding				$ 546,440
Principal payments					12,446	$ 16,226
Promissory Notes [Member] | HALL MOM Agreement [Member]
Debt Instrument [Line Items]
Principal payments					150,000	0
Promissory note issued			$ 2,000,000
Promissory Notes [Member] | HALL MOM Agreement [Member] | Maximum [Member]
Debt Instrument [Line Items]
Notes, interest rate			15.00%
Promissory Notes [Member] | HALL MOM Agreement [Member] | Minimum [Member]
Debt Instrument [Line Items]
Notes, interest rate			10.00%
Periodic principal payment required, monthly			$ 50,000
Secured Promissory Note [Member]
Debt Instrument [Line Items]
Proceeds from issuance	300,000	$ 200,000
Secured Promissory Note [Member] | Promissory Note May 2017 [Member]
Debt Instrument [Line Items]
Debt instrument, face value		$ 200,000
Secured Promissory Note [Member] | Promissory Note May 2017 [Member] | Maximum [Member]
Debt Instrument [Line Items]
Notes, interest rate		13.00%
Secured Promissory Note [Member] | Promissory Note May 2017 [Member] | Minimum [Member]
Debt Instrument [Line Items]
Notes, interest rate		10.00%
Secured Promissory Note [Member] | Promissory Note June 2017 [Member]
Debt Instrument [Line Items]
Debt instrument, face value	$ 300,000				$ 300,000
Secured Promissory Note [Member] | Promissory Note June 2017 [Member] | Maximum [Member]
Debt Instrument [Line Items]
Notes, interest rate	13.00%				13.00%
Secured Promissory Note [Member] | Promissory Note June 2017 [Member] | Minimum [Member]
Debt Instrument [Line Items]
Notes, interest rate	10.00%				10.00%
Promissory Notes [Member] | First Promissory Note Issued As Part Of Purchase Price Adjustment Agreement [Member]
Debt Instrument [Line Items]
Debt instrument, face value				$ 720,084
Notes, interest rate				12.00%
Promissory Notes [Member] | Second Promissory Note Issued As Part Of Purchase Price Adjustment Agreement [Member]
Debt Instrument [Line Items]
Debt instrument, face value				$ 675,000
Loans Payable [Member] | Bajaj Finsery [Member]
Debt Instrument [Line Items]
Debt instrument, face value							$ 30,000	$ 60,000
Notes, interest rate								19.00%
Principal payments					$ 30,738	$ 0

Debt (Building Mortgage) (Detai

Debt (Building Mortgage) (Details) - Building Mortgage [Member]	Jun. 30, 2015USD ($)installment	May 31, 2014USD ($)installment
Union Bank of India Note [Member]
Debt Instrument [Line Items]
Debt instrument, face value | $		$ 2,254,500
Number of principal and interest payment installments | installment		26
Union Bank of India Note [Member] | Maximum [Member]
Debt Instrument [Line Items]
Notes, interest rate		16.00%
Union Bank of India Note [Member] | Minimum [Member]
Debt Instrument [Line Items]
Notes, interest rate		15.00%
Standard Chartered Note [Member]
Debt Instrument [Line Items]
Debt instrument, face value | $	$ 2,198,000
Effective interest rate	11.10%
Number of principal and interest payment installments | installment	180

Debt Debt (Unsecured Credit Fac

Debt Debt (Unsecured Credit Facility) (Details) - YES BANK [Member] - Unsecured Credit Facility [Member] - USD ($)	1 Months Ended	3 Months Ended
	Dec. 31, 2016	Jun. 30, 2017	Jun. 30, 2016	Mar. 31, 2017
Line of Credit Facility [Line Items]
Unsecured credit facility	$ 1,500,000			$ 3,000,000
Credit facility interest rate	11.60%
Principal payments		$ 227,508	$ 0
Unused credit line		$ 253,508
Base Rate [Member]
Line of Credit Facility [Line Items]
Basis spread over base rate	2.10%
Base rate percentage	9.50%
Shareholder [Member]
Line of Credit Facility [Line Items]
Standby letters of credit	$ 2,000,000			$ 2,000,000

Capital Stock (Narrative) (Deta

Capital Stock (Narrative) (Details)	May 01, 2017$ / shares	Jun. 30, 2017USD ($)$ / sharesshares	Jun. 30, 2016USD ($)shares	Mar. 31, 2017USD ($)$ / sharesshares
Class of Warrant or Right [Line Items]
Common stock outstanding (in shares)		9,565,669
Number of shares to be called by warrants (in shares)		2,144,123
Common stock, par value (in usd per share) | $ / shares	$ 0.001	$ 0.001		$ 0.001
Issuance of stock, shares (in shares)		2,860,002	0
Temporary equity, par value (in usd per share) | $ / shares		$ 0.001		$ 0.001
Preferred stock dividends | $		$ 239,375		$ 186,438
Warrants outstanding (in shares)		20,919,804		17,852,803
Weighted average warrant exercise price (In usd per share) | $ / shares		$ 0.67
Stock options granted in period (in shares)		1,850,000	0
Weighted average exercise price (in usd per share) | $ / shares		$ 0.59		$ 0.70
Stock options outstanding (in shares)		5,930,000		4,080,000
Intrinsic value | $		$ 0	$ 566,000
Weighted-average remaining contractual term		8 years 1 month 6 days
Period after termination of services when the options become void		90 days
Selling, General and Administrative Expenses [Member]
Class of Warrant or Right [Line Items]
Warrants issued for services | $		$ 494,371	306,451
Share-based compensation for options included in SG&A expense | $		$ 456,344	$ 0
Minimum [Member]
Class of Warrant or Right [Line Items]
Ratio for reverse stock split	0.05
Warrant exercise price (in usd per share) | $ / shares		$ 0.01
Maximum [Member]
Class of Warrant or Right [Line Items]
Ratio for reverse stock split	0.20
Warrant exercise price (in usd per share) | $ / shares		$ 3
Series D Preferred Stock [Member]
Class of Warrant or Right [Line Items]
Issuance of stock, shares (in shares)		0	1,542
Temporary equity, par value (in usd per share) | $ / shares		$ 0.001
Temporary equity, stated value (in usd per share) | $ / shares		$ 1,000
Proceeds from issuance of preferred stock | $		$ 0	$ 1,542,000
Dividend rate		15.00%
Conversion price (in usd per share) | $ / shares		$ 0.60
Redemption price at completion of certain level of equity funding (in usd per share) | $ / shares		$ 0.60
Common Stock [Member]
Class of Warrant or Right [Line Items]
Preferred stock dividends | $		$ 239,375		$ 186,438
Warrants Related To Series D Preferred [Member]
Class of Warrant or Right [Line Items]
Number of shares to be called by warrants (in shares)		0	385,384
Warrant exercise price (in usd per share) | $ / shares		$ 0.75
Warrants Expiring in 2019 [Member]
Class of Warrant or Right [Line Items]
Warrants outstanding (in shares)		750,660
Warrants Expiring in 2020 [Member]
Class of Warrant or Right [Line Items]
Warrants outstanding (in shares)		2,501,197
Warrants Expiring in 2021 [Member]
Class of Warrant or Right [Line Items]
Warrants outstanding (in shares)		1,451,619
Warrants Expiring in 2022 [Member]
Class of Warrant or Right [Line Items]
Warrants outstanding (in shares)		6,098,345
Warrants Expiring in 2023 [Member]
Class of Warrant or Right [Line Items]
Warrants outstanding (in shares)		6,342,983
Warrants Expiring in 2026 [Member]
Class of Warrant or Right [Line Items]
Warrants outstanding (in shares)		3,775,000

Capital Stock Capital Stock (Co

Capital Stock Capital Stock (Common Stock Issued) (Details) - USD ($)	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Stockholders' Equity Note [Abstract]
Issuance of common stock (in shares)	2,860,002	0
Issuance of common stock for cash	$ 858,000	$ 0
Issuance of common stock for services (in shares)	741,028	498,707
Issuance of common stock for services	$ 316,075	$ 214,340

Capital Stock (Changes In Warra

Capital Stock (Changes In Warrants) (Details)	3 Months Ended
	Jun. 30, 2017shares
Class of Warrant or Right [Roll Forward]
Warrants, outstanding, beginning (in shares)	17,852,803
Granted (in shares)	3,117,001
Exercised (in shares)	0
Expired/canceled (in shares)	(50,000)
Warrants, outstanding, ending (in shares)	20,919,804

Capital Stock (Summary of Warra

Capital Stock (Summary of Warrants Granted) (Details)	3 Months Ended
	Jun. 30, 2017shares
Class of Stock [Line Items]
Granted (in shares)	3,117,001
Issued for Services [Member]
Class of Stock [Line Items]
Granted (in shares)	1,267,000
Issued for Common Stock for Cash [Member]
Class of Stock [Line Items]
Granted (in shares)	1,430,001
Issued for Debt Issuance [Member]
Class of Stock [Line Items]
Granted (in shares)	420,000

Capital Stock (Valuation Assump

Capital Stock (Valuation Assumptions Used For Equity Compensation) (Details)	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Stock Option [Member]
Class of Warrant or Right [Line Items]
Risk-free interest rates	1.89%	1.74%
Expected volatility	96.99%	103.05%
Dividend yields	0.00%	0.00%
Expected lives (years)	5 years	5 years
Warrant [Member]
Class of Warrant or Right [Line Items]
Risk-free interest rates	1.87%	1.34%
Expected volatility	95.19%	100.76%
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, 2017	Jun. 30, 2016
Number of Options
Stock options outstanding, beginning balance (in shares)	4,080,000
Granted (in shares)	1,850,000	0
Exercised (in shares)	0
Forfeited (in shares)	0
Stock options outstanding, ending balance (in shares)	5,930,000
Weighted Average Exercise Price
Weighted average exercise price of shares outstanding, beginning of period (in usd per share)	$ 0.70
Weighted average exercise price, granted (in usd per share)	0.34
Weighted average exercise price of shares outstanding, end of period (in usd per share)	$ 0.59

(Loss) Per Share (Details)

(Loss) Per Share (Details) - shares	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	34,195,781	34,184,089
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	20,919,804	22,469,455
Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	5,930,000	3,480,000
Convertible Subordinated Notes [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	3,110,000	3,200,000
Convertible Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	4,235,977	5,034,634

Related Parties (Details)

Related Parties (Details)	Jun. 30, 2017USD ($)debt_instrument	Jun. 30, 2017USD ($)$ / shares	Mar. 31, 2017USD ($)
Affiliated Entity [Member] | ART Services [Member]
Related Party Transaction [Line Items]
Amounts due to related party	$ 190,511	$ 190,511	$ 190,511
Affiliated Entity [Member] | CMCP Transactions [Member]
Related Party Transaction [Line Items]
Amounts due to CMCP	761,805	761,805	$ 761,805
Affiliated Entity [Member] | Happy Cellular Deposits [Member]
Related Party Transaction [Line Items]
Deposit assets	$ 619,000	619,000
Director [Member]
Related Party Transaction [Line Items]
Number of debt instruments | debt_instrument	2
Director [Member] | Convertible Promissory Note [Member]
Related Party Transaction [Line Items]
Promissory note due to related party	$ 727,000	$ 727,000
Call option value (in usd per share) | $ / shares		$ 2
Director [Member] | Non-Convertible Promissory Note [Member]
Related Party Transaction [Line Items]
Promissory note due to related party	$ 162,137	$ 162,137

Supplemental Cash Flow Inform60

Supplemental Cash Flow Information (Details) - USD ($)	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Supplemental Cash Flow Elements [Abstract]
Exchange of common stock to acquire subsidiary shares from noncontrolling interest	$ 922,478	$ 0
Interest paid, net of amounts capitalized	32,738	26,244
Income taxes paid	$ 0	$ 0

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	1 Months Ended	3 Months Ended
	Aug. 14, 2017	Jun. 30, 2017	Jun. 30, 2016
Subsequent Event [Line Items]
Stock issued for services (in shares)		741,028	498,707
Warrants exercised		0
Issuance of stock, shares (in shares)		2,860,002	0
Number of shares to be called by warrants (in shares)		2,144,123
Stock options granted in period (in shares)		1,850,000	0
Minimum [Member]
Subsequent Event [Line Items]
Warrant exercise price (in usd per share)		$ 0.01
Maximum [Member]
Subsequent Event [Line Items]
Warrant exercise price (in usd per share)		$ 3
Subsequent Event [Member]
Subsequent Event [Line Items]
Stock issued for services (in shares)	157,407
Warrants exercised	521,123
Warrants exercised, exercise price (in usd per share)	$ 0.01
Proceeds from issuance of common stock	$ 50,000
Issuance of stock, shares (in shares)	166,667
Number of shares to be called by warrants (in shares)	83,333
Warrant exercise price (in usd per share)	$ 0.45
Stock options granted in period (in shares)	225,000
Subsequent Event [Member] | Promissory Notes [Member]
Subsequent Event [Line Items]
Debt instrument, face value	$ 200,000
Debt instrument, term	1 year
Subsequent Event [Member] | Promissory Notes [Member] | Minimum [Member]
Subsequent Event [Line Items]
Notes, interest rate	10.00%
Subsequent Event [Member] | Promissory Notes [Member] | Maximum [Member]
Subsequent Event [Line Items]
Notes, interest rate	17.00%