ReposiTrak (TRAK) 10-K 14 Sep 15 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2015	Sep. 11, 2015	Dec. 31, 2014
Document And Entity Information
Entity Registrant Name	PARK CITY GROUP INC
Entity Central Index Key	50,471
Document Type	10-K
Document Period End Date	Jun. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		19,064,108
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,015
Entity Public Float			$ 114,182,000
Entity Trading Symbol	PCYG

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Current assets:
Cash and cash equivalents	$ 11,325,572	$ 3,352,559
Receivables, net of allowance of $94,000 and $70,000 at June 30, 2015 and 2014, respectively	1,640,591	2,857,983
Prepaid expenses and other current assets	463,427	250,855
Total current assets	13,429,590	6,461,397
Property and equipment, net	764,442	740,753
Other assets:
Deposits and other assets	$ 14,866	14,866
Note receivable		2,996,664
Customer relationships	$ 2,006,951	1,918,019
Goodwill	20,190,935	4,805,933
Total other assets	22,212,752	9,735,482
Total assets	36,406,784	16,937,632
Current liabilities:
Accounts payable	817,119	738,289
Accrued liabilities	2,521,111	1,801,355
Deferred revenue	2,331,920	1,840,811
Line of credit	2,500,000	1,200,000
Notes payable	227,301	226,900
Total current liabilities	8,397,451	5,807,355
Long-term liabilities:
Notes payable, less current portion	349,192	422,248
Other long-term liabilities	75,518	88,948
Total liabilities	8,822,161	6,318,551
Stockholders' equity:
Common stock, $0.01 par value, 50,000,000 shares authorized; 18,875,586 and 16,928,025 issued and outstanding at June 30, 2015 and 2014, respectively	188,759	169,280
Additional paid-in capital	70,296,496	46,792,736
Accumulated deficit	(42,907,628)	(36,347,054)
Total stockholders' equity	27,584,623	10,619,081
Total liabilities and stockholders' equity	36,406,784	16,937,632
Series B Preferred [Member]
Stockholders' equity:
Series B Preferred stock, $0.01 par value, 700,000 shares authorized; 625,375 and 411,927 shares issued and outstanding at June 30, 2015 and 2014, respectively; Series B-1 Preferred stock, $0.01 par value, 300,000 shares authorized; 74,200 and 0 shares issued and outstanding at June 30, 2015 and 2014, respectively	6,254	$ 4,119
Series B-1 Preferred [Member]
Stockholders' equity:
Series B Preferred stock, $0.01 par value, 700,000 shares authorized; 625,375 and 411,927 shares issued and outstanding at June 30, 2015 and 2014, respectively; Series B-1 Preferred stock, $0.01 par value, 300,000 shares authorized; 74,200 and 0 shares issued and outstanding at June 30, 2015 and 2014, respectively	$ 742

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Current assets:
Receivables, net of allowance	$ 94,000	$ 70,000
Stockholders' equity:
Preferred stock, Authorized	30,000,000	30,000,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, Authorized	50,000,000	50,000,000
Common stock, Issued	18,875,586	16,928,025
Common stock, outstanding	18,875,586	16,928,025
Series B Preferred [Member]
Stockholders' equity:
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, Authorized	700,000	600,000
Preferred stock, Issued	625,375	411,927
Preferred stock, outstanding	625,375	411,927
Series B-1 Preferred [Member]
Stockholders' equity:
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, Authorized	300,000
Preferred stock, Issued	74,200	0
Preferred stock, outstanding	74,200	0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Income Statement [Abstract]
Revenue	$ 13,648,715	$ 11,928,416	$ 11,318,574
Operating expenses:
Cost of revenue and product support	5,256,251	5,087,973	4,490,438
Sales and marketing	5,941,349	4,741,574	3,054,361
General and administrative	4,279,641	3,812,265	2,474,169
Depreciation and amortization	768,165	$ 879,329	$ 901,407
Impairment of intangibles	1,495,703
Total operating expenses	17,741,109	$ 14,521,141	$ 10,920,375
(Loss) income from operations	(4,092,394)	(2,592,725)	398,199
Other (expense) income:
Interest income (expense), net	242,621	102,580	(140,712)
(Loss) income before income taxes	(3,849,773)	(2,490,145)	257,487
Net (loss) income	(3,849,773)	(2,490,145)	257,487
Dividends on preferred stock	(568,821)	(617,891)	(911,580)
Restructuring of Series B Preferred	(2,141,980)
Net loss applicable to common shareholders	$ (6,560,574)	$ (3,108,036)	$ (654,093)
Weighted average shares, basic and diluted	17,375,000	16,710,000	13,246,000
Basic and diluted loss per share	$ (0.38)	$ (0.19)	$ (0.05)

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Stockholders’ Equity (Deficit) - USD ($)	Series A Preferred [Member]	Series B Preferred [Member]	Series B-1 Preferred [Member]	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Total
Beginning Balance, Amount at Jun. 30, 2012	$ 6,857	$ 4,119		$ 120,874	$ 37,763,196	$ (32,584,925)	$ 5,310,121
Beginning Balance, Shares at Jun. 30, 2012	685,671	411,927		12,087,431
Conversion of Preferred stock, Amount	$ (7,336)			$ 24,454	(17,118)
Conversion of Preferred stock, Shares	(733,605)			2,445,371
Redemption of Preferred stock, Amount	$ (22)				(21,698)		$ (21,720)
Redemption of Preferred stock, Shares	(2,172)
Stock issued for:
Compensation, Amount				$ 2,770	783,573		786,343
Compensation, Shares				276,988
Cash, Amount				$ 12,881	$ 4,306,780		$ 4,319,661
Cash, Shares				1,288,096
Charitable Contribution, Amount
Preferred Dividends-Declared						$ (911,580)	$ (911,580)
Exercise of Options/Warrants, Amount				$ 306	$ (306)
Exercise of Options/Warrants, Shares				30,644
Net Income (loss)						$ 257,487	$ 257,487
Ending Balance, Amount at Jun. 30, 2013		$ 4,119		$ 161,285	$ 43,314,986	$ (33,239,018)	10,241,372
Ending Balance, Shares at Jun. 30, 2013		411,927		16,128,530
Stock issued for:
Compensation, Amount				$ 3,124	1,089,574		1,092,698
Compensation, Shares				312,364
Cash, Amount				$ 2,771	1,659,922		1,662,693
Cash, Shares				277,092
Charitable Contribution, Amount				$ 150	$ 96,750		96,900
Charitable Contribution, Shares				15,000
Preferred Dividends-Declared						$ (617,891)	(617,891)
Exercise of Options/Warrants, Amount				$ 1,950	$ 631,504		633,454
Exercise of Options/Warrants, Shares				195,039
Net Income (loss)						$ (2,490,145)	(2,490,145)
Ending Balance, Amount at Jun. 30, 2014		$ 4,119		$ 169,280	$ 46,792,736	36,347,054	$ 10,619,081
Ending Balance, Shares at Jun. 30, 2014		411,927		16,928,025
Series B Restructure, Amount		$ 2,142			2,139,838	$ (2,141,980)
Series B Restructure, Shares		214,198
Series B Redemption, Amount		$ (7)			(7,493)		$ (7,500)
Series B Redemption, Shares		(750)
Stock issued for:
Compensation, Amount			$ 300	$ 3,664	2,156,229		2,160,193
Compensation, Shares			30,000	366,033
Cash, Amount				$ 6,931	7,802,664		7,802,664
Charitable Contribution, Amount				$ 150	157,800		157,950
Charitable Contribution, Shares				15,000
Preferred Dividends - PIK				$ 150	157,800		157,950
Acquisition, Amount				$ 8,734	$ 10,813,162		$ 10,821,896
Acquisition, Shares				873,438			10,821,897
Preferred Dividends-Declared						$ (568,821)	$ (568,821)
Net Income (loss)						(3,849,773)	(3,849,773)
Ending Balance, Amount at Jun. 30, 2015		$ 6,254	$ 742	$ 188,759	$ 70,296,496	$ (42,907,628)	$ 27,584,623
Ending Balance, Shares at Jun. 30, 2015		625,375	74,200	18,875,586

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Cash Flows From Operating Activities:
Net (loss) income	$ (3,849,773)	$ (2,490,145)	$ 257,487
Adjustments to reconcile net (loss) income to net cash used in by operating activities:
Depreciation and Amortization	768,163	$ 879,329	$ 901,407
Impairment of intangibles	1,495,703
Bad debt expense	186,780	$ 186,740	$ 144,617
Stock compensation expense	2,760,329	1,719,375	$ 843,645
Stock issued for charity	157,950	96,900
Decrease (increase) in:
Trade Receivables	710,302	(661,357)	$ (1,859,987)
Prepaids and other assets	(501,955)	(20,747)	(226,552)
Increase (decrease) in:
Accounts payable	(49,296)	84,634	102,809
Accrued liabilities	136,517	49,252	(8,357)
Deferred revenue	(107,123)	63,485	(304,133)
Net cash provided by (used in) operating activities	1,707,597	$ (92,534)	$ (149,064)
Cash Flows From Investing Activities:
Payments received on notes receivable	300,000
Net cash received in acquisition	22,119
Purchase of property and equipment	(369,536)	$ (459,230)	$ (445,744)
Cash advanced on Note Receivable	$ (2,559,460)	(1,200,000)
Cash from sale of property and equipment		6,505
Net cash used in investing activities	$ (2,606,877)	(1,652,725)	$ (445,744)
Cash Flows From Financing Activities:
Proceeds from issuance of stock	7,606,384	$ 1,493,818	$ 4,162,920
Net increase in lines of credit	1,300,000
Proceeds from employee stock plans	203,211	$ 153,875	$ 156,741
Proceeds from issuance of notes payable	$ 172,795	338,287	$ 176,797
Proceeds from exercise of options and warrants		$ 633,454
Preferred stock redemption	$ (7,500)		$ (21,720)
Dividends paid	(157,147)	$ (586,999)	(503,311)
Payments on notes payable and capital leases	(245,450)	(551,202)	(866,210)
Net cash provided by financing activities	8,872,293	1,481,233	3,105,217
Net increase (decrease) in cash and cash equivalents	7,973,013	(264,026)	2,510,409
Cash and cash equivalents at beginning of period	3,352,559	3,616,585	1,106,176
Cash and cash equivalents at end of period	$ 11,325,572	3,352,559	$ 3,616,585
Supplemental Disclosure of Cash Flow Information:
Cash paid for income taxes		6,634
Cash paid for interest	$ 80,534	$ 75,343	$ 142,491
Supplemental Disclosure of Non-Cash Investing and Financing Activities:
Preferred stock to pay accrued liabilities	300,000
Common stock to pay accrued liabilities	1,860,191	$ 1,107,698	$ 786,343
Dividends accrued on preferred stock	568,821	$ 617,891	911,580
Dividends paid with preferred stock	$ 442,002		501,060
Conversion of accounts receivable into notes receivable			$ 1,622,863
Series B restructure	$ 2,141,980
Fair value of assets and liaiblities acquired:
Receivables	152,340
Prepaid expenses	17,500
Customer relationships	2,006,951
Goodwill	15,385,002
Accounts payable	(128,126)
Deferred revenue	(598,232)
Net assets acquired	$ 16,835,435
Common stock issued	10,821,897
Receivables eliminated in consolidation	$ 6,035,657
Cash received in acquisition	$ 22,119

DESCRIPTION OF BUSINESS AND ACQ

DESCRIPTION OF BUSINESS AND ACQUISITION OF REPOSITRAK, INC.	12 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
NOTE 1 - DESCRIPTION OF BUSINESS AND ACQUISITION OF REPOSITRAK, INC.	Summary of Business The Company is incorporated in the state of Nevada. The Company has three subsidiaries, PC Group, Inc. (formerly, Park City Group, Inc.), a Utah Corporation (98.76% owned), and Park City Group, Inc., (formerly, Prescient Applied Intelligence, Inc.), a Delaware Corporation (100% owned) and ReposiTrak, Inc., a Utah corporation (100% owned). All intercompany transactions and balances have been eliminated in consolidation. The Company designs, develops, markets and supports proprietary software products. These products are designed for businesses having multiple locations to assist in the management of business operations on a daily basis and communicate results of operations in a timely manner. In addition, the Company has built a consulting practice for business improvement that centers on the Company’s proprietary software products. The principal markets for the Company's products are multi-store retail and convenience store chains, branded food manufacturers, suppliers and distributors, and manufacturing companies, which have operations in North America, Europe, Asia and the Pacific Rim. Acquisition of ReposiTrak, Inc. On June 30, 2015, the Company consummated the acquisition of 100% of the outstanding capital stock of ReposiTrak, Inc. As a result of this acquisition, the Company gained control of ReposiTrak a 100% owned subsidiary of the Company. The accompanying audited consolidated financial statements of the Company as of and for the year ended June 30, 2015 contain the results of operations of ReposiTrak from June 30, 2015. We issued 873,438 shares of our common stock for this acquisition which expands the service we can offer to our customer base. We have accounted for the acquisition as the purchase of a business. The assets acquired and the liabilities assumed of ReposiTrak have been recorded at their respective fair values. The excess of the purchase price over the fair value of net tangible and identifiable intangible assets acquired was recorded as goodwill. Goodwill is attributed to buyer-specific value resulting from expected synergies, including long-term cost savings, as well as industry relationships which are not included in the fair values of assets. Goodwill will not be amortized. The purchase price consisted of the 873,438 shares of Park City Group common stock. The fair value of the shares issued was $10,821,897 and was determined using the closing price of our common stock on June 30, 2015. The price paid to acquire ReposiTrak was $10,830,897, approximately $9,000 of which was for direct transaction costs associated with the issuance of equity. The net acquisition cost of $10,799,778 which excludes $31,119 of cash acquired from ReposiTrak were allocated based on their estimated fair value of the assets acquired and liabilities assumed, as follows: Receivables $ 152,340 Prepaid expenses 17,500 Customer relationships* 2,006,951 Goodwill* 15,385,002 Accounts payable (128,126 ) Deferred revenue (598,232 ) Net assets acquired 16,835,435 Common stock issued 10,821,897 Receivables eliminated in consolidation 6,035,657 Cash received in acquisition $ 22,119 * Customer relationship and goodwill are provisional estimates pending completion of a 3rd party valuation of the acquired enterprise. Due to the fact that the acquisition took place on the last day of the fiscal year there has not been adequate time for the analysis to be done. September 30, 2014 December 31, 2014 March 31, 2015 June 30, 2015 Year Ended 2015 Year Ended 2014 Revenue $ 2,960,230 $ 2,980,095 $ 2,823,376 $ 2,808,094 $ 11,571,795 $ 9,777,431 Loss from Operations (913,569 ) (1,243,254 ) (1,349,707 ) (3,355,955 ) (6,862,485 ) (5,232,552 ) Net Loss (916,417 ) (1,270,240 ) (1,365,128 ) (3,374,962 ) (6,926,747 ) (5,303,773 ) Net Loss Applicable to Common Shareholders (1,070,890 ) (1,424,713 ) (3,642,807 ) (3,499,138 ) (9,637,548 ) (5,921,664 ) Basic and Diluted EPS (0.06 ) (0.08 ) (0.20 ) (0.19 ) (0.53 ) (0.34 ) Recent Developments Acquisition of ReposiTrak During the year ended June 30, 2015, the Company entered into agreements with each of the stockholders of ReposiTrak, Inc. (“ ReposiTrak ReposiTrak Shares ReposiTrak Acquisition Registered Direct Offering On April 15, 2015, the Company offered and sold 572,500 shares of its common stock in a registered direct offering at a price of $12.50 per share. The Company received total net proceeds from the registered direct offering of approximately $6.7 million after deducting placement agent fees and other offering expenses. Creation of Series B-1 Preferred On March 31, 2015, the Company filed with the Nevada Secretary of State the Certificate of Designation of the Relative Rights, Powers and Preferences of the Series B-1 Preferred Stock (the “ Series B-1 Certificate of Designation Series B-1 Preferred Series B Restructuring On February 4, 2015, holders of the Company’s Series B Convertible Preferred Stock (“ Series B Preferred Holders Restructuring Agreement Series B Amendment Series B Certificate of Designation PIK Shares Series B Restructuring Additional Shares Series B Warrants Warrant Shares The terms of the Series B Restructuring were amended on March 31, 2015 as follows: (i) the Series B Certificate of Designation was further amended (the “ Second Series B Amendment Private Placement On January 26, 2015, we accepted subscription agreements from certain accredited investors, including certain members of the Company's Board of Directors, to purchase an aggregate total of 95,302 shares of the Company's common stock for $9.48 per share, and five year warrants to purchase an aggregate total of 23,737 shares of common stock for $10.00 per share. The Company received gross proceeds of approximately $900,000 from this private placement.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES	Principles of Consolidation The financial statements presented herein reflect the consolidated financial position of Park City Group, Inc. and subsidiaries, including ReposiTrak and Prescient. All inter-company transactions and balances have been eliminated in consolidation. Use of Estimates The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that materially affect the amounts reported in the condensed consolidated financial statements. Actual results could differ from these estimates. The methods, estimates and judgments the Company uses in applying its most critical accounting policies have a significant impact on the results it reports in its financial statements. The Securities and Exchange Commission has defined the most critical accounting policies as those that are most important to the portrayal of the Company’s financial condition and results, and require the Company to make its most difficult and subjective judgments, often as a result of the need to make estimates of matters that are inherently uncertain. Based on this definition, the Company’s most critical accounting policies include: income taxes, goodwill and other long-lived asset valuations, revenue recognition, stock-based compensation, and capitalization of software development costs. Cash and Cash Equivalents The Company considers all short-term instruments with an original maturity of three months or less to be cash equivalents. Concentration of Credit Risk and Significant Customers The Company maintains cash in bank deposit accounts, which, at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk on cash and cash equivalents. Financial instruments, which potentially subject the Company to concentration of credit risk, consist primarily of trade receivables. In the normal course of business, the Company provides credit terms to its customers. Accordingly, the Company performs ongoing credit evaluations of its customers and maintains allowances for possible losses which when realized have been within the range of management's expectations. The Company does not require collateral from its customers. The Company's accounts receivable are derived from sales of products and services primarily to customers operating multi-location retail and grocery stores. Amounts that have been invoiced are recorded in accounts receivable and in deferred revenue or revenue, depending on whether the revenue recognition criteria have been met. During the years ended June 30, 2015, 2014 and 2013, the Company had one customer that accounted for greater than 10% of total revenue. Receivables Trade account and notes receivable are stated at the amount the Company expects to collect. Receivables are reviewed individually for collectability. If the financial condition of the Company’s customers were to deteriorate, adversely affecting their ability to make payments, allowances may be required. Interest income on current notes receivable is recognized on an accrual basis at a stated interest rate of 8%. Allowance for Doubtful Accounts Receivable The Company offers credit terms on the sale of the Company’s products to a significant majority of the Company’s customers and requires no collateral from these customers. The Company performs ongoing credit evaluations of customers’ financial condition and maintains an allowance for doubtful accounts receivable based upon the Company’s historical experience and a specific review of accounts receivable at the end of each period. As of June 30, 2015, 2014 and 2013, the allowance for doubtful accounts was $94,000, $70,000, and $190,000, respectively. Depreciation and Amortization Depreciation and amortization of property and equipment is computed using the straight line method based on the following estimated useful lives: Years Furniture and fixtures 5-7 Computer Equipment 3 Equipment under capital leases 3 Leasehold improvements See below Leasehold improvements are amortized over the shorter of the remaining lease term or the estimated useful life of the improvements. Amortization of intangible assets are computed using the straight line method based on the following estimated useful lives: Years Customer relationships 10 Acquired developed software 5 Developed software 3 Goodwill See below Goodwill and intangible assets deemed to have indefinite lives are subject to annual impairment tests. Other intangible assets are amortized over their useful lives. See Note 7 regarding impairment charges for the year ended June 30, 2015. Warranties The Company offers a limited warranty against software defects. Customers who are not completely satisfied with their software purchase may attempt to be reimbursed for their purchases outside the warranty period. For the years ending June 30, 2015, 2014 and 2013, the Company did not incur any expense associated with warranty claims. Revenue Recognition We recognize revenue when all of the following conditions are satisfied: (i) there is persuasive evidence of an arrangement, (ii) the service has been provided to the customer, (iii) the collection of our fees is probable and (iv) the amount of fees to be paid by the customer is fixed or determinable. We recognize subscription and hosting revenue ratably over the length of the agreement beginning on the commencement dates of each agreement or when revenue recognition conditions are satisfied based on their relative fair values. For a fee, subscriptions provide the customer with access to the software and data over the Internet, or on demand, and provide technical support services, premium analytical services and software upgrades when and if available. Under subscriptions, customers do not have the right to take possession of the software and such arrangements are considered service contracts. Accordingly, we recognize professional services as incurred based on their relative fair values. In situations where we have contractually committed to an individual customer specific technology, we defer all of the revenue for that customer until the technology is delivered and accepted. Once delivery occurs, we then recognize the revenue ratably over the remaining contract term. When subscription service or hosting service is paid in advance, deferred revenue is recognized and revenue is recorded ratably over the term as services are consumed. Set up fees paid by customers in connection with subscription services are deferred and recognized ratably over the life of the applicable agreement. Premium support and maintenance service revenue is derived from services beyond the basic services provided in standard arrangements. We recognize premium service and maintenance revenue ratably over the contract terms beginning on the commencement dates of each contract or when revenue recognition conditions are satisfied. Instances where these services are paid in advance, deferred revenue is recognized and revenue is recorded ratably over the term as services are consumed. Professional services revenue consists primarily of fees associated with application and data integration, data cleansing, business process re-engineering, change management and education and training services. Fees charged for professional services are recognized when delivered. We believe the fees for professional services qualify for separate accounting because: (i) the services have value to the customer on a stand-alone basis, (ii) objective and reliable evidence of fair value exists for these services and (iii) performance of the services is considered probable and does not involve unique customer acceptance criteria. The Company's revenue, to a lesser extent, is earned under license arrangements. Licenses generally include multiple elements that are delivered up front or over time. Vendor specific objective evidence of fair value of the hosting and support elements is based on the price charged at renewal when sold separately, and the license element is recognized into revenue upon delivery. The hosting and support elements are recognized ratably over the contractual term. Software Development Costs The Company accounts for research costs of computer software to be sold, leased or otherwise marketed as expense until technological feasibility has been established for the product. Once technological feasibility is established, all software costs are capitalized until the product is available for general release to customers. Judgment is required in determining when technological feasibility of a product is established. We have determined that technological feasibility for our software products is reached shortly after a working prototype is complete and meets or exceeds design specifications including functions, features, and technical performance requirements. Costs incurred after technological feasibility is established have been and will continue to be capitalized until such time as when the product or enhancement is available for general release to customers. During 2015, 2014 and 2013 capitalized development costs of $0, $73,082, and $146,166 respectively, were amortized into expense. The Company amortizes its developed and purchased software on a straight-line basis over three and five years, respectively. Research and Development Costs Research and development costs include personnel costs, engineering, consulting, and contract labor and are expensed as incurred for software that has not achieved technological feasibility. Advertising Costs Advertising is expensed as incurred. Advertising costs were approximately $21,000, $14,000, and $20,000 for the years ended June 30, 2015, 2014 and 2013, respectively. Income Taxes The Company recognizes deferred tax liabilities and assets for the expected future tax consequences of temporary differences between tax bases and financial reporting bases of other assets and liabilities. Earnings Per Share Basic net income or loss per common share (“ Basic EPS Diluted EPS For the year ended June 30, 2015, 2014 and 2013 warrants to purchase 1,426,178, 317,373 and 436,110 shares of common stock, respectively, were not included in the computation of diluted EPS due to the anti-dilutive effect. Warrants to purchase shares of common stock were outstanding at prices ranging from $3.50 to $10.00 per share at June 30, 2015. 1,029,818 and 1,029,818 shares of common stock issuable upon conversion of the Company’s Series B Preferred were not included in the diluted EPS calculation for the years ended June 30, 2014 and 2013, respectively, as the effect would have been anti-dilutive. Series B Preferred was no longer convertible to common stock for the year ended June 30, 2015. Year ended June 30, 2015 Year ended June 30, 2014 Year ended June 30, 2013 Dilutive effect of options and warrants - - - Weighted average shares outstanding assuming dilution 17,375,000 16,710,000 13,246,000 Stock-Based Compensation The Company recognizes the cost of employee services received in exchange for awards of equity instruments based on the grant-date fair value of those awards. The Company records compensation expense on a straight-line basis. The fair value of options granted are estimated at the date of grant using a Black-Scholes option pricing model with assumptions for the risk-free interest rate, expected life, volatility, dividend yield and forfeiture rate. The following table summarizes information about fixed stock warrants outstanding at June 30, 2015: Warrants Outstanding at June 30, 2015 Warrants Exercisable at June 30, 2015 Range of exercise prices Number Outstanding Weighted average remaining contractual life (years) Weighted average exercise price Number exercisable Weighted average exercise price $ 3.50 – 4.00 1,325,697 4.25 $ 3.92 1,325,697 $ 3.92 $ 6.45 – 10.00 100,481 3.49 $ 7.29 100,481 $ 7.29 1,426,178 4.20 $ 4.16 1,426,178 $ 4.16 Fair Value of Financial Instruments The Company's financial instruments consist of cash, cash equivalents, receivables, payables, accruals and notes payable. The carrying amount of cash, cash equivalents, receivables, payables and accruals approximates fair value due to the short-term nature of these items. The notes payable also approximate fair value based on evaluations of market interest rates. Reclassifications Certain prior-year amounts have been reclassified to conform with the current year's presentation.

LIQUIDITY AND WORKING CAPITAL

LIQUIDITY AND WORKING CAPITAL	12 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NOTE 3 - LIQUIDITY AND WORKING CAPITAL	Historically, the Company has financed its operations through operating revenue, loans from directors, officers, stockholders, loans from the Chief Executive Officer and majority shareholder and private placements of equity securities. At June 30, 2015, the Company had positive working capital of $5,032,139, as compared with positive working capital of $654,042 at June 30, 2014. This $4,378,097 increase in working capital is principally due to the $7.6 million in proceeds received from the registered direct offering completed in April 2015 and private offering in January 2015, partially offset by the use of cash during the year ended June 30, 2015 caused by the increase in net loss during the period. While no assurances can be given, management currently believes that the Company will increase its working capital position in future periods as a result of the projected increase in subscription revenue, among other factors, as well as reduce its indebtedness in subsequent periods utilizing existing cash resources and projected cash flow from operations. In addition, management may also refinance or restructure certain of the Company’s indebtedness to extend the maturities of such indebtedness to address its short- and long-term working capital requirements. Management believes that these initiatives will enable us to address our debt service requirements during the next twelve months, as well as fund our currently anticipated operations and capital spending requirements. The financial statements do not reflect any adjustments should cash flow from operations be insufficient to meet our spending and debt service requirements, and we are otherwise unable to refinance or restructure our indebtedness.

RECEIVABLES

RECEIVABLES	12 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
NOTE 4 - RECEIVABLES	Accounts receivable consist of the following: 2015 2014 Accounts receivable $ 1,734,591 $ 2,927,983 Allowance for doubtful accounts (94,000 ) (70,000 ) $ 1,640,591 $ 2,857,983 Accounts receivable consist of trade accounts receivable and unbilled amounts recognized as revenue during the year for which invoices were sent subsequent to year-end. Amounts that have been invoiced are recorded in accounts receivable and in deferred revenue or revenue, depending on whether the revenue recognition criteria have been met.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
NOTE 5 - PROPERTY AND EQUIPMENT	Property and equipment are stated at cost and consist of the following at June 30: 2015 2014 Computer equipment $ 3,269,403 $ 2,899,867 Furniture and fixtures 260,574 260,574 Leasehold improvements 231,782 231,782 3,761,759 3,392,223 Less accumulated depreciation and amortization (2,997,317 ) (2,651,470 ) $ 764,442 $ 740,753 Depreciation expense for the years ended June 30, 2015 and 2014 was $345,847 and $383,930, respectively.

CAPITALIZED SOFTWARE COSTS

CAPITALIZED SOFTWARE COSTS	12 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
NOTE 6 - CAPITALIZED SOFTWARE COSTS	Capitalized software costs consist of the following at June 30: 2015 2014 Capitalized software costs $ 2,443,128 $ 2,443,128 Less accumulated amortization (2,443,128 ) (2,443,128 ) $ - $ - Amortization expense for the years ended June 30, 2015 and 2014 was $0 and $73,082, respectively.

CUSTOMER RELATIONSHIPS

CUSTOMER RELATIONSHIPS	12 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
NOTE 7 - CUSTOMER RELATIONSHIPS	Customer relationships consist of the following at June 30: 2015 2014 Customer relationships $ 6,230,112 $ 4,223,161 Less accumulated amortization (2,727,458 ) (2,305,142 ) Less impairment charge (1,495,703 ) - $ 2,006,951 $ 1,918,019 Amortization expense for the years ended June 30, 2015 and 2014 was $422,316 and $422,316, respectively. The Company recognized a non-cash impairment charge of $1.5 million during the year ended June 30, 2015, due principally to decreased margins on customers acquired in connection with the Prescient acquisition. In management’s determination, the carrying value of these relationships exceeded their estimated fair values as determined by future discounted cash flow projections. When projecting the stream of future cash flows for purposes of determining long-lived asset recoverability, management makes assumptions, incorporating market conditions, sales growth rates, and operating expenses. Estimated aggregate amortization expenses per year are as follows: Years ending June 30: 2016 200,695 2017 200,695 2018 200,695 2019 200,695 Thereafter 1,204,171

ACCRUED LIABILITIES

ACCRUED LIABILITIES	12 Months Ended
	Jun. 30, 2015
Payables and Accruals [Abstract]
NOTE 8 - ACCRUED LIABILITIES	Accrued liabilities consist of the following at June 30, 2015 and 2014: 2015 2014 Accrued stock-based compensation $ 1,665,731 $ 1,122,188 Accrued compensation 506,064 352,764 Accrued other liabilities 225,140 171,930 Accrued dividends 124,176 154,473 $ 2,521,111 $ 1,801,355

NOTES PAYABLE

NOTES PAYABLE	12 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
NOTE 9 - NOTES PAYABLE	The Company had the following notes payable obligations at June 30, 2015 and 2014: Notes Payable: 2015 2014 Note payable to a bank, due in monthly installments of $10,355 bearing interest at 3.95% due July 15, 2014. This note was retired effective July 15, 2014. - 10,490 Note payable to a bank, due in monthly installments of $9,359 bearing interest at 4.9% due September 15, 2014. This note was retired effective September 15, 2014. - 29,508 Note payable to a bank, due in monthly installments of $10,286 bearing interest at 4.39% due September 20, 2014, this note is a conversion of a multi-advance note payable initially put in place on September 21, 2010, secured by related capital equipment purchases. This note was retired effective September 20, 2014. - 31,570 Note payable to a bank, due in monthly installments of $7,860 bearing interest at 3.73% due February 9, 2017, this note is a conversion of a multi-advance note payable initially put in place on February 19, 2012, secured by related capital equipment purchases. 152,530 239,293 Note payable to a bank, due in monthly installments of $7,860 bearing interest at 4.17% due August 26, 2018, this note is a conversion of a multi-advance note payable initially put in place on August 26, 2013, secured by related capital equipment purchases. 272,191 338,287 Note payable to a bank, due in monthly installments of $4,932 bearing interest at 4.91% due March 18, 2018, secured by related capital equipment purchases. 151,772 - 576,493 649,148 Less current portion notes payable (227,301 ) (226,900 ) $ 349,192 $ 422,248 Maturities of notes payable and capital leases at June 30, 2015 are as follows: Year ending June 30: 2016 $ 227,292 $ 174,095 2017 $ 205,999 $ 150,047 2018 $ 135,333 $ 91,385 2019 $ 7,873 $ 6,721 2020 $ - $ -

LINES OF CREDIT

LINES OF CREDIT	12 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
NOTE 10 - LINES OF CREDIT	The Company’s line of credit with a bank has an annual interest rate of 1.71% + the greater of zero percent or LIBOR. The line of credit is scheduled to mature on May 15, 2016. The balance on the line of credit was $2,500,000 at June 30, 2015. The line of credit outstanding at June 30, 2014 for $1,200,000 was retired effective May 15, 2015.

DEFERRED REVENUE

DEFERRED REVENUE	12 Months Ended
	Jun. 30, 2015
Deferred Revenue Disclosure [Abstract]
NOTE 11 - DEFERRED REVENUE	Deferred revenue consisted of the following at June 30: 2015 2014 Subscription $ 1,742,909 $ 855,462 Other 589,011 985,349 $ 2,331,920 $ 1,840,811

INCOME TAXES

INCOME TAXES	12 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
NOTE 12 - INCOME TAXES	Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards and deferred tax liabilities are recognized for taxable differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. Net deferred tax liabilities consist of the following components at June 30: 2015 2014 Deferred tax assets: NOL Carryover $ 45,886,227 $ 45,484,720 Depreciation - - Amortization 12,115 - Allowance for Bad Debts 19,500 27,300 Accrued Expenses 649,635 455,041 Deferred Revenue 676,138 283,900 Deferred tax liabilities: Depreciation (140,838 ) (120,626 ) Amortization - (392,137 ) Valuation allowance (47,211,777 ) (45,738,198 ) Net deferred tax asset $ - $ - The income tax provision differs from the amounts of income tax determined by applying the US federal income tax rate to pretax income from continuing operations for the years ended June 30, 2015 and 2014 due to the following: 2015 2014 Book Income $ (1,500,591 ) $ (971,157 ) Stock for Services 172,502 (21,650 ) Stock for Charity 61,601 - Intangible impairment 583,324 - Change in Accrual Stock 211,982 255,064 Life Insurance 26,438 30,390 Meals & Entertainment 12,885 12,793 Change in deferred revenue (41,778 ) (112,186 ) Change in Allowance for doubtful accounts (7,800 ) (46,800 ) Change in depreciation (137,747 ) (52,340 ) NOL utilization - - Valuation allowance 619,719 905,886 $ - $ - At June 30, 2015, the Company had net operating loss carry-forwards of approximately $117,657,000 that may be offset against past and future taxable income from the year 2013 through 2035. No tax benefit has been reported in the June 30, 2015 condensed consolidated financial statements since the potential tax benefit is offset by a valuation allowance of the same amount. Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carryforwards for Federal income tax reporting purposes are subject to annual limitations. In January 2009 the Company acquired Prescient Applied Intelligence, Inc., which had significant net operating loss carry-forwards. Due to change in ownership, Prescient’s net operating loss carryforwards may be limited as to use in future years. The limitation will be determined on a year-to-year basis. The Company determines whether it is more likely than not that a tax position will be sustained upon examination based upon the technical merits of the position. If the more-likely-than-not threshold is met, the Company measures the tax position to determine the amount to recognize in the financial statements. The Company performed a review of its material tax positions in accordance with these recognition and measurement standards. The Company has concluded that there are no significant uncertain tax positions requiring disclosure, and there are not material amounts of unrecognized tax benefits. The Company includes interest and penalties arising from the underpayment of income taxes in the condensed consolidated statements of operations in the provision for income taxes. As of June 30, 2015, the Company had no accrued interest or penalties related to uncertain tax positions. The Company files income tax returns in the U.S. federal jurisdiction and various state jurisdictions. With few exceptions, the Company is no longer subject to U.S. federal, state and local income tax examinations by tax authorities for years before June 30, 2011.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
NOTE 13 - COMMITMENTS AND CONTINGENCIES	Operating Leases In September, 2012, the Company entered into an office lease at 299 So. Main Street, Suite 2370, Salt Lake City, Utah, 84111, providing for the lease of approximately 5,300 square feet for a period of seven years, commencing on November 1, 2012. The monthly rent is $13,122. Minimum future rental payments under the non-cancelable operating leases are as follows: Year ending June 30: 2016 $ 160,215 2017 $ 165,024 2018 $ 169,993 2019 $ 73,847 2020 $ - From time to time the Company may enter into or exit from diminutive operating lease agreements for equipment such as copiers, temporary back up servers, etc. These leases are not of a material amount and thus will not in the aggregate have a material adverse effect on our business, financial condition, results of operation or liquidity.

EMPLOYEEE BENEFIT PLAN

EMPLOYEEE BENEFIT PLAN	12 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
NOTE 14 - EMPLOYEEE BENEFIT PLAN	The Company offers an employee benefit plan under Benefit Plan Section 401(k) of the Internal Revenue Code. Employees who have attained the age of 18 are eligible to participate. The Company, at its discretion, may match employee’s contributions at a percentage determined annually by the board of directors. The Company does not currently match contributions. There were no expenses for the years ended June 30, 2015 and 2014.

STOCK COMPENSATION PLAN

STOCK COMPENSATION PLAN	12 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
NOTE 15 - STOCK COMPENSATION PLAN	Officers and Directors Stock Compensation Effective November 2008, the Board of Directors approved the following compensation for directors who are not employed by the Company: ● Annual cash compensation of $10,000 payable at the rate of $2,500 per quarter. The Company has the right to pay this amount in the form of shares of the Company’s common stock. ● Upon appointment, outside independent directors receive a grant of $150,000 payable in shares of the Company’s restricted Common Stock calculated based on the market value of the shares of Common Stock on the date of grant. The shares vest ratably over a five-year period. ● Reimbursement of all travel expenses related to performance of Directors’ duties on behalf of the Company. Officers, Key Employees, Consultants and Directors Stock Compensation. In January 2013, the Board of Directors approved the Second Amended and Restated the 2011 Stock Plan (the “ Amended 2011 Plan A schedule of the options and warrants activity for the years ended June 30, 2015 and 2014 is as follows: Number of Options Number of Warrants Price per share Outstanding at June 30, 2012 12,880 50,000 $ 1.50-1.80 Granted - 424,763 $ 3.50-3.60 Exercised - (30,644 ) $ 1.80 Cancelled (580 ) (19,356 ) $ 1.80-2.50 Expired - - $ - Outstanding at June 30, 2013 12,300 424,763 $ 1.50-3.60 Granted - 76,744 $ 6.45 Exercised (12,300 ) (184,134 ) $ 1.50-3.60 Cancelled - - $ - Expired - - $ - Outstanding at June 30, 2014 - 317,373 $ 3.50-6.45 Granted - 1,108,805 $ 4.00-10.00 Exercised - - $ - Cancelled - - $ - Expired - - $ - Outstanding at June 30, 2015 - 1,426,178 $ 3.50-10.00

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	12 Months Ended
	Jun. 30, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
NOTE 16 - RECENT ACCOUNTING PRONOUNCEMENTS	In June 2014, the FASB issued ASU 2014-12, Compensation – Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. This Update clarifies the accounting for equity awards in which the performance target (i.e. an initial public offering) could be achieved after the requisite service period. The guidance require a performance target that affects vesting and that could be achieved after the service period be treated as a performance condition and not be reflected in the fair value of the award. Therefore, the compensation costs will begin to be recognized when it becomes probable that the performance target will be achieved. If the requisite service period is complete, the entire amount of compensation costs should be recognized at that time. This Update is effective for reporting periods beginning after December 15, 2015. The Company currently does not have any stock-based awards meeting the criteria noted so the Company doesn’t expect this Update to have a significant impact on its financials. However, it will evaluate new grants and ensure the guidance is followed if these types of grants are made. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customer (Topic 606). This Update provides new revenue recognition guidance that will be applicable for all industries and develops a common revenue standard for GAAP and IFRS. The main purpose of the new guidance is to remove inconsistencies, provide a more robust framework, improve comparability among industries, improve disclosure requirements and reduce the number of requirements to which an entity must refer. The guidance outlines the following five steps that should be followed in recognizing revenue: 1. Identify contract with customer; 2. Identify the performance obligations in the contract; 3. Determine the transaction price; 4. Allocate the transaction price to the performance obligations in the contract; and 5. Recognize revenue when the performance obligation is satisfied. The update also provides disclosure requirements requiring entities to provide sufficient information to enable users to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. This Update is effective for public entities for reporting periods beginning after December 15, 2016 and for all other entities, it is effective for periods beginning after December 15, 2017. Due to the extensive nature of this Update, the Company is evaluating the impact this new guidance will have on its financials.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Jun. 30, 2015
Related Party Transactions [Abstract]
NOTE 17 - RELATED PARTY TRANSACTIONS	During the year ended June 30, 2014, the Company was a party to a Service Agreement with Fields Management, Inc. (“ FMI The Company had payables of $37,893 and $37, 051 to FMI at June 30, 2015 and 2014 respectively, under this agreement. The Company did not have any other related party transactions as of June 30, 2015.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
NOTE 18 - SUBSEQUENT EVENTS	In accordance with the Subsequent Events Topic of the FASB ASC 855, we have evaluated subsequent events, and noted no subsequent events that are reasonably likely to impact the financial statements.

SIGNIFICANT ACCOUNTING POLICI25

SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Principles of Consolidation	The financial statements presented herein reflect the consolidated financial position of Park City Group, Inc. and subsidiaries, including ReposiTrak and Prescient. All inter-company transactions and balances have been eliminated in consolidation.
Use of Estimates	The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that materially affect the amounts reported in the condensed consolidated financial statements. Actual results could differ from these estimates. The methods, estimates and judgments the Company uses in applying its most critical accounting policies have a significant impact on the results it reports in its financial statements. The Securities and Exchange Commission has defined the most critical accounting policies as those that are most important to the portrayal of the Company’s financial condition and results, and require the Company to make its most difficult and subjective judgments, often as a result of the need to make estimates of matters that are inherently uncertain. Based on this definition, the Company’s most critical accounting policies include: income taxes, goodwill and other long-lived asset valuations, revenue recognition, stock-based compensation, and capitalization of software development costs.
Cash and Cash Equivalents	The Company considers all short-term instruments with an original maturity of three months or less to be cash equivalents.
Concentration of Credit Risk and Significant Customers	The Company maintains cash in bank deposit accounts, which, at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk on cash and cash equivalents. Financial instruments, which potentially subject the Company to concentration of credit risk, consist primarily of trade receivables. In the normal course of business, the Company provides credit terms to its customers. Accordingly, the Company performs ongoing credit evaluations of its customers and maintains allowances for possible losses which when realized have been within the range of management's expectations. The Company does not require collateral from its customers. The Company's accounts receivable are derived from sales of products and services primarily to customers operating multi-location retail and grocery stores. Amounts that have been invoiced are recorded in accounts receivable and in deferred revenue or revenue, depending on whether the revenue recognition criteria have been met. During the years ended June 30, 2015, 2014 and 2013, the Company had one customer that accounted for greater than 10% of total revenue.
Receivables	Trade account and notes receivable are stated at the amount the Company expects to collect. Receivables are reviewed individually for collectability. If the financial condition of the Company’s customers were to deteriorate, adversely affecting their ability to make payments, allowances may be required. Interest income on current notes receivable is recognized on an accrual basis at a stated interest rate of 8%.
Allowance for Doubtful Accounts Receivable	The Company offers credit terms on the sale of the Company’s products to a significant majority of the Company’s customers and requires no collateral from these customers. The Company performs ongoing credit evaluations of customers’ financial condition and maintains an allowance for doubtful accounts receivable based upon the Company’s historical experience and a specific review of accounts receivable at the end of each period. As of June 30, 2015, 2014 and 2013, the allowance for doubtful accounts was $94,000, $70,000, and $190,000, respectively.
Depreciation and Amortization	Depreciation and amortization of property and equipment is computed using the straight line method based on the following estimated useful lives: Years Furniture and fixtures 5-7 Computer Equipment 3 Equipment under capital leases 3 Leasehold improvements See below Leasehold improvements are amortized over the shorter of the remaining lease term or the estimated useful life of the improvements. Amortization of intangible assets are computed using the straight line method based on the following estimated useful lives: Years Customer relationships 10 Acquired developed software 5 Developed software 3 Goodwill See below Goodwill and intangible assets deemed to have indefinite lives are subject to annual impairment tests. Other intangible assets are amortized over their useful lives. See Note 7 regarding impairment charges for the year ended June 30, 2015.
Warranties	The Company offers a limited warranty against software defects. Customers who are not completely satisfied with their software purchase may attempt to be reimbursed for their purchases outside the warranty period. For the years ending June 30, 2015, 2014 and 2013, the Company did not incur any expense associated with warranty claims.
Revenue Recognition	We recognize revenue when all of the following conditions are satisfied: (i) there is persuasive evidence of an arrangement, (ii) the service has been provided to the customer, (iii) the collection of our fees is probable and (iv) the amount of fees to be paid by the customer is fixed or determinable. We recognize subscription and hosting revenue ratably over the length of the agreement beginning on the commencement dates of each agreement or when revenue recognition conditions are satisfied based on their relative fair values. For a fee, subscriptions provide the customer with access to the software and data over the Internet, or on demand, and provide technical support services, premium analytical services and software upgrades when and if available. Under subscriptions, customers do not have the right to take possession of the software and such arrangements are considered service contracts. Accordingly, we recognize professional services as incurred based on their relative fair values. In situations where we have contractually committed to an individual customer specific technology, we defer all of the revenue for that customer until the technology is delivered and accepted. Once delivery occurs, we then recognize the revenue ratably over the remaining contract term. When subscription service or hosting service is paid in advance, deferred revenue is recognized and revenue is recorded ratably over the term as services are consumed. Set up fees paid by customers in connection with subscription services are deferred and recognized ratably over the life of the applicable agreement. Premium support and maintenance service revenue is derived from services beyond the basic services provided in standard arrangements. We recognize premium service and maintenance revenue ratably over the contract terms beginning on the commencement dates of each contract or when revenue recognition conditions are satisfied. Instances where these services are paid in advance, deferred revenue is recognized and revenue is recorded ratably over the term as services are consumed. Professional services revenue consists primarily of fees associated with application and data integration, data cleansing, business process re-engineering, change management and education and training services. Fees charged for professional services are recognized when delivered. We believe the fees for professional services qualify for separate accounting because: (i) the services have value to the customer on a stand-alone basis, (ii) objective and reliable evidence of fair value exists for these services and (iii) performance of the services is considered probable and does not involve unique customer acceptance criteria. The Company's revenue, to a lesser extent, is earned under license arrangements. Licenses generally include multiple elements that are delivered up front or over time. Vendor specific objective evidence of fair value of the hosting and support elements is based on the price charged at renewal when sold separately, and the license element is recognized into revenue upon delivery. The hosting and support elements are recognized ratably over the contractual term.
Software Development Costs	The Company accounts for research costs of computer software to be sold, leased or otherwise marketed as expense until technological feasibility has been established for the product. Once technological feasibility is established, all software costs are capitalized until the product is available for general release to customers. Judgment is required in determining when technological feasibility of a product is established. We have determined that technological feasibility for our software products is reached shortly after a working prototype is complete and meets or exceeds design specifications including functions, features, and technical performance requirements. Costs incurred after technological feasibility is established have been and will continue to be capitalized until such time as when the product or enhancement is available for general release to customers. During 2015, 2014 and 2013 capitalized development costs of $0, $73,082, and $146,166 respectively, were amortized into expense. The Company amortizes its developed and purchased software on a straight-line basis over three and five years, respectively.
Research and Development Costs	Research and development costs include personnel costs, engineering, consulting, and contract labor and are expensed as incurred for software that has not achieved technological feasibility.
Advertising Costs	Advertising is expensed as incurred. Advertising costs were approximately $21,000, $14,000, and $20,000 for the years ended June 30, 2015, 2014 and 2013, respectively.
Income Taxes	The Company recognizes deferred tax liabilities and assets for the expected future tax consequences of temporary differences between tax bases and financial reporting bases of other assets and liabilities.
Earnings Per Share	Basic net income or loss per common share (“ Basic EPS Diluted EPS For the year ended June 30, 2015, 2014 and 2013 warrants to purchase 1,426,178, 317,373 and 436,110 shares of common stock, respectively, were not included in the computation of diluted EPS due to the anti-dilutive effect. Warrants to purchase shares of common stock were outstanding at prices ranging from $3.50 to $10.00 per share at June 30, 2015. 1,029,818 and 1,029,818 shares of common stock issuable upon conversion of the Company’s Series B Preferred were not included in the diluted EPS calculation for the years ended June 30, 2014 and 2013, respectively, as the effect would have been anti-dilutive. Series B Preferred was no longer convertible to common stock for the year ended June 30, 2015. Year ended June 30, 2015 Year ended June 30, 2014 Year ended June 30, 2013 Dilutive effect of options and warrants - - - Weighted average shares outstanding assuming dilution 17,375,000 16,710,000 13,246,000
Stock-Based Compensation	The Company recognizes the cost of employee services received in exchange for awards of equity instruments based on the grant-date fair value of those awards. The Company records compensation expense on a straight-line basis. The fair value of options granted are estimated at the date of grant using a Black-Scholes option pricing model with assumptions for the risk-free interest rate, expected life, volatility, dividend yield and forfeiture rate. The following table summarizes information about fixed stock warrants outstanding at June 30, 2015: Warrants Outstanding at June 30, 2015 Warrants Exercisable at June 30, 2015 Range of exercise prices Number Outstanding Weighted average remaining contractual life (years) Weighted average exercise price Number exercisable Weighted average exercise price $ 3.50 – 4.00 1,325,697 4.25 $ 3.92 1,325,697 $ 3.92 $ 6.45 – 10.00 100,481 3.49 $ 7.29 100,481 $ 7.29 1,426,178 4.20 $ 4.16 1,426,178 $ 4.16
Fair Value of Financial Instruments	The Company's financial instruments consist of cash, cash equivalents, receivables, payables, accruals and notes payable. The carrying amount of cash, cash equivalents, receivables, payables and accruals approximates fair value due to the short-term nature of these items. The notes payable also approximate fair value based on evaluations of market interest rates.
Reclassifications	Certain prior-year amounts have been reclassified to conform with the current year's presentation.

DESCRIPTION OF BUSINESS AND A26

DESCRIPTION OF BUSINESS AND ACQUISITION OF REPOSITRAK, INC. (Tables) - ReposiTrak [Member]	12 Months Ended
	Jun. 30, 2015
Acquisition of ReposiTrak, assets acquired and liabilities assumed	Receivables $ 152,340 Prepaid expenses 17,500 Customer relationships* 2,006,951 Goodwill* 15,385,002 Accounts payable (128,126 ) Deferred revenue (598,232 ) Net assets acquired 16,835,435 Common stock issued 10,821,897 Receivables eliminated in consolidation 6,035,657 Cash received in acquisition $ 22,119
Unaudited pro-forma results of operations	September 30, 2014 December 31, 2014 March 31, 2015 June 30, 2015 Year Ended 2015 Year Ended 2014 Revenue $ 2,960,230 $ 2,980,095 $ 2,823,376 $ 2,808,094 $ 11,571,795 $ 9,777,431 Loss from Operations (913,569 ) (1,243,254 ) (1,349,707 ) (3,355,955 ) (6,862,485 ) (5,232,552 ) Net Loss (916,417 ) (1,270,240 ) (1,365,128 ) (3,374,962 ) (6,926,747 ) (5,303,773 ) Net Loss Applicable to Common Shareholders (1,070,890 ) (1,424,713 ) (3,642,807 ) (3,499,138 ) (9,637,548 ) (5,921,664 ) Basic and Diluted EPS (0.06 ) (0.08 ) (0.20 ) (0.19 ) (0.53 ) (0.34 )

SIGNIFICANT ACCOUNTING POLICI27

SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Depreciation and amortization of property and equipment	Years Furniture and fixtures 5-7 Computer Equipment 3 Equipment under capital leases 3 Leasehold improvements See below
Amortization of intangible assets	Years Customer relationships 10 Acquired developed software 5 Developed software 3 Goodwill See below
Diluted EPS	Year ended June 30, 2015 Year ended June 30, 2014 Year ended June 30, 2013 Dilutive effect of options and warrants - - - Weighted average shares outstanding assuming dilution 17,375,000 16,710,000 13,246,000
Fixed stock options and warrants outstanding	Warrants Outstanding at June 30, 2015 Warrants Exercisable at June 30, 2015 Range of exercise prices Number Outstanding Weighted average remaining contractual life (years) Weighted average exercise price Number exercisable Weighted average exercise price $ 3.50 – 4.00 1,325,697 4.25 $ 3.92 1,325,697 $ 3.92 $ 6.45 – 10.00 100,481 3.49 $ 7.29 100,481 $ 7.29 1,426,178 4.20 $ 4.16 1,426,178 $ 4.16

RECEIVABLES (Tables)

RECEIVABLES (Tables)	12 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Accounts receivable	2015 2014 Accounts receivable $ 1,734,591 $ 2,927,983 Allowance for doubtful accounts (94,000 ) (70,000 ) $ 1,640,591 $ 2,857,983

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Property and equipment	2015 2014 Computer equipment $ 3,269,403 $ 2,899,867 Furniture and fixtures 260,574 260,574 Leasehold improvements 231,782 231,782 3,761,759 3,392,223 Less accumulated depreciation and amortization (2,997,317 ) (2,651,470 ) $ 764,442 $ 740,753

CAPITALIZED SOFTWARE COSTS (Tab

CAPITALIZED SOFTWARE COSTS (Tables)	12 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Capitalized software costs	2015 2014 Capitalized software costs $ 2,443,128 $ 2,443,128 Less accumulated amortization (2,443,128 ) (2,443,128 ) $ - $ -

CUSTOMER RELATIONSHIPS (Tables)

CUSTOMER RELATIONSHIPS (Tables)	12 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Customer relationships	2015 2014 Customer relationships $ 6,230,112 $ 4,223,161 Less accumulated amortization (2,727,458 ) (2,305,142 ) Less impairment charge (1,495,703 ) - $ 2,006,951 $ 1,918,019
Estimated aggregate amortization expense	Years ending June 30: 2016 200,695 2017 200,695 2018 200,695 2019 200,695 Thereafter 1,204,171

ACCRUED LIABILITIES (Tables)

ACCRUED LIABILITIES (Tables)	12 Months Ended
	Jun. 30, 2015
Payables and Accruals [Abstract]
Accrued liabilities	2015 2014 Accrued stock-based compensation $ 1,665,731 $ 1,122,188 Accrued compensation 506,064 352,764 Accrued other liabilities 225,140 171,930 Accrued dividends 124,176 154,473 $ 2,521,111 $ 1,801,355

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	12 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Notes Payable	Notes Payable: 2015 2014 Note payable to a bank, due in monthly installments of $10,355 bearing interest at 3.95% due July 15, 2014. This note was retired effective July 15, 2014. - 10,490 Note payable to a bank, due in monthly installments of $9,359 bearing interest at 4.9% due September 15, 2014. This note was retired effective September 15, 2014. - 29,508 Note payable to a bank, due in monthly installments of $10,286 bearing interest at 4.39% due September 20, 2014, this note is a conversion of a multi-advance note payable initially put in place on September 21, 2010, secured by related capital equipment purchases. This note was retired effective September 20, 2014. - 31,570 Note payable to a bank, due in monthly installments of $7,860 bearing interest at 3.73% due February 9, 2017, this note is a conversion of a multi-advance note payable initially put in place on February 19, 2012, secured by related capital equipment purchases. 152,530 239,293 Note payable to a bank, due in monthly installments of $7,860 bearing interest at 4.17% due August 26, 2018, this note is a conversion of a multi-advance note payable initially put in place on August 26, 2013, secured by related capital equipment purchases. 272,191 338,287 Note payable to a bank, due in monthly installments of $4,932 bearing interest at 4.91% due March 18, 2018, secured by related capital equipment purchases. 151,772 - 576,493 649,148 Less current portion notes payable (227,301 ) (226,900 ) $ 349,192 $ 422,248
Maturities of notes payable and capital leases	Year ending June 30: 2016 $ 227,292 $ 174,095 2017 $ 205,999 $ 150,047 2018 $ 135,333 $ 91,385 2019 $ 7,873 $ 6,721 2020 $ - $ -

DEFERRED REVENUE (Tables)

DEFERRED REVENUE (Tables)	12 Months Ended
	Jun. 30, 2015
Deferred Revenue Disclosure [Abstract]
Deferred revenue	2015 2014 Subscription $ 1,742,909 $ 855,462 Other 589,011 985,349 $ 2,331,920 $ 1,840,811

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Net deferred tax liabilities	2015 2014 Deferred tax assets: NOL Carryover $ 45,886,227 $ 45,484,720 Depreciation - - Amortization 12,115 - Allowance for Bad Debts 19,500 27,300 Accrued Expenses 649,635 455,041 Deferred Revenue 676,138 283,900 Deferred tax liabilities: Depreciation (140,838 ) (120,626 ) Amortization - (392,137 ) Valuation allowance (47,211,777 ) (45,738,198 ) Net deferred tax asset $ - $ -
Summary of income tax	2015 2014 Book Income $ (1,500,591 ) $ (971,157 ) Stock for Services 172,502 (21,650 ) Stock for Charity 61,601 - Intangible impairment 583,324 - Change in Accrual Stock 211,982 255,064 Life Insurance 26,438 30,390 Meals & Entertainment 12,885 12,793 Change in deferred revenue (41,778 ) (112,186 ) Change in Allowance for doubtful accounts (7,800 ) (46,800 ) Change in depreciation (137,747 ) (52,340 ) NOL utilization - - Valuation allowance 619,719 905,886 $ - $ -

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Minimum future rental payments	Year ending June 30: 2016 $ 160,215 2017 $ 165,024 2018 $ 169,993 2019 $ 73,847 2020 $ -

STOCK COMPENSATION PLAN (Tables

STOCK COMPENSATION PLAN (Tables)	12 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Options and warrants activity	Number of Options Number of Warrants Price per share Outstanding at June 30, 2012 12,880 50,000 $ 1.50-1.80 Granted - 424,763 $ 3.50-3.60 Exercised - (30,644 ) $ 1.80 Cancelled (580 ) (19,356 ) $ 1.80-2.50 Expired - - $ - Outstanding at June 30, 2013 12,300 424,763 $ 1.50-3.60 Granted - 76,744 $ 6.45 Exercised (12,300 ) (184,134 ) $ 1.50-3.60 Cancelled - - $ - Expired - - $ - Outstanding at June 30, 2014 - 317,373 $ 3.50-6.45 Granted - 1,108,805 $ 4.00-10.00 Exercised - - $ - Cancelled - - $ - Expired - - $ - Outstanding at June 30, 2015 - 1,426,178 $ 3.50-10.00

DESCRIPTION OF BUSINESS AND A38

DESCRIPTION OF BUSINESS AND ACQUISITION OF REPOSITRAK, INC. (Details) - Jun. 30, 2015 - USD ($)	Total
Fair value of assets and liaiblities acquired:
Receivables	$ 152,340
Prepaid expenses	17,500
Customer relationships	2,006,951
Goodwill	15,385,002
Accounts payable	(128,126)
Deferred revenue	(598,232)
Net assets acquired	$ 16,835,435
Common stock issued	10,821,897
Receivables eliminated in consolidation	$ 6,035,657
Cash paid for acquisition	$ 22,119

DESCRIPTION OF BUSINESS AND A39

DESCRIPTION OF BUSINESS AND ACQUISITION OF REPOSITRAK, INC. (Details 1) - USD ($)	3 Months Ended				12 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Unaudited pro forma results of operations
Revenue	$ 2,808,094	$ 2,823,376	$ 2,980,095	$ 2,960,230	$ 11,571,795	$ 9,777,431
Loss from operations	(3,355,955)	(1,349,707)	(1,243,254)	(913,569)	(6,862,485)	(5,232,552)
Net loss	$ (3,374,962)	$ (1,365,128)	$ (1,270,240)	$ (916,417)	$ (6,926,747)	$ (5,303,773)
Net loss applicable to common shareholdres	$ (3,499,138)	$ (3,642,807)	$ (1,424,713)	$ (1,070,890)	$ (9,637,548)	$ (5,921,664)
Basic and diluted loss per share	$ (0.19)	$ (0.20)	$ (0.08)	$ (0.06)	$ (0.53)	$ (0.34)

DESCRIPTION OF BUSINESS AND A40

DESCRIPTION OF BUSINESS AND ACQUISITION OF REPOSITRAK, INC. (Details Narrative) - USD ($)	1 Months Ended		12 Months Ended
	Apr. 15, 2015	Jan. 26, 2015	Jun. 30, 2015	Feb. 04, 2015	Jun. 30, 2014
Incorporated state			State of Nevada
Subscription and management fees			$ 2,330,700
Subscription and management fees paid by issuance of promissory notes			1,200,000
Cash acquired			$ 22,119
Sale of common stock	572,500	94,932
Sale of common stock, price per share	$ 12.50	$ 9.48
Proceeds from offering	$ 6,700,000	$ 900,000
Shares authorized			30,000,000		30,000,000
Warrants issued		23,737
Warrant exercise price		$ 10
Series B-1 Preferred [Member]
Shares authorized			300,000
Series B-1 Preferred [Member] | Cash Distribution [Member]
Dividend rate			7.00%
Series B-1 Preferred [Member] | Stock Distribution [Member]
Dividend rate			9.00%
Series B Preferred [Member]
Shares authorized			700,000	900,000	600,000
Series B Preferred [Member] | Cash Distribution [Member]
Dividend rate			7.00%
Series B Preferred [Member] | Stock Distribution [Member]
Dividend rate			9.00%
ReposiTrak [Member]
Incorporated state			Utah
Ownership interest by parent			100.00%
Total consideration paid			$ 10,871,897
Transaction costs			50,000
Cash acquired			31,119
Net acquisition cost			$ 10,840,778
Shares issued for acquisition			873,438
PC Group Inc. [Member]
Incorporated state			Utah
Ownership interest by parent			98.76%
Park City Group Inc. [Member]
Incorporated state			Delaware
Ownership interest by parent			100.00%

SIGNIFICANT ACCOUNTING POLICI41

SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended
	Jun. 30, 2015
Furniture and fixtures [Member] | MinimumMember
Property plant and equipment useful life	7 years
Furniture and fixtures [Member] | MaximumMember
Property plant and equipment useful life	5 years
ComputerEquipment [Member]
Property plant and equipment useful life	3 years
Assets Held Under Capital Leases [Member]
Property plant and equipment useful life	3 years

SIGNIFICANT ACCOUNTING POLICI42

SIGNIFICANT ACCOUNTING POLICIES (Details 1)	12 Months Ended
	Jun. 30, 2015
Acquired Developed Software [Member]
Amortization of intangible asset useful life	5 years
Developed Software [Member]
Amortization of intangible asset useful life	3 years
Customer Relationships [Member]
Amortization of intangible asset useful life	10 years

SIGNIFICANT ACCOUNTING POLICI43

SIGNIFICANT ACCOUNTING POLICIES (Details 2) - shares	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Accounting Policies [Abstract]
Dilutive effect of options and warrants
Weighted average shares outstanding assuming dilution	17,375,000	16,710,000	13,246,000

SIGNIFICANT ACCOUNTING POLICI44

SIGNIFICANT ACCOUNTING POLICIES (Details 3) - $ / shares	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Number Outstanding			12,300	12,880
OptionsAndWarrants [Member]
Number Outstanding	1,426,178
Weighted average exercise price	$ 4.16
Weighted average remaining contractual life (years), Outstanding	4 years 2 months 12 days
Number exercisable	1,426,178
Weighted average exercise price, Exercisable	$ 4.16
Weighted average remaining contractual life (years), Exercisable	4 years 1 month 11 days
OptionsAndWarrants [Member] | Range 3.50 to 4.00 [Member]
Number Outstanding	1,325,697
Weighted average exercise price	$ 3.92
Weighted average remaining contractual life (years), Outstanding	4 years 3 months
Number exercisable	1,325,697
Weighted average exercise price, Exercisable	$ 3.92
Weighted average remaining contractual life (years), Exercisable	3 years 11 months 1 day
OptionsAndWarrants [Member] | Range 6.45-10.00 [Member]
Number Outstanding	100,481
Weighted average exercise price	$ 7.29
Weighted average remaining contractual life (years), Outstanding	3 years 5 months 26 days
Number exercisable	100,481
Weighted average exercise price, Exercisable	$ 7.29
Weighted average remaining contractual life (years), Exercisable	7 years 3 months 8 days

SIGNIFICANT ACCOUNTING POLICI45

SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Customer percent of subscription revenue	10.00%	10.00%	10.00%
Allowance for doubtful accounts	$ 94,000	$ 70,000	$ 190,000
Capitalized development costs	0	73,082	146,166
Advertising expense	$ 21,000	$ 14,000	$ 20,000
Common issued on conversion of preferred stock	1,029,818	1,029,818
Series B Preferred [Member]
Computation of diluted EPS due to the anti-dilutive effect		1,029,818	1,029,818
Warrant [Member]
Computation of diluted EPS due to the anti-dilutive effect	1,426,178	317,373	436,110
OptionsAndWarrants [Member]
Minimum exercise prices	$ 3.50
Maximum exercise prices	$ 10

LIQUIDITY AND WORKING CAPITAL (

LIQUIDITY AND WORKING CAPITAL (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Working capital	$ 5,032,139	$ 654,042
Increase in working capital	4,378,097
Proceeds from offering	$ 7,600,000

RECEIVABLES (Details)

RECEIVABLES (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Accounting Policies [Abstract]
Accounts receivable	$ 1,734,591	$ 2,927,983
Allowance for doubtful accounts	(94,000)	(70,000)
Accounts receivable, Net	$ 1,640,591	$ 2,857,983

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Property, Plant and Equipment [Abstract]
Computer equipment	$ 3,269,403	$ 2,899,867
Furniture and fixtures	260,574	260,574
Leasehold improvements	231,782	231,782
Property and equipment, gross	3,761,759	3,392,223
Less accumulated depreciation and amortization	(2,997,317)	(2,651,470)
Property and equipment, Net	$ 764,442	$ 740,753

PROPERTY AND EQUIPMENT (Detai49

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Property And Equipment Details Narrative
Depreciation expense	$ 345,847	$ 383,930

CAPITALIZED SOFTWARE COSTS (Det

CAPITALIZED SOFTWARE COSTS (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Notes to Financial Statements
Capitalized software costs	$ 2,443,128	$ 2,443,128
Less accumulated amortization	$ (2,443,128)	$ (2,443,128)
Capitalized software costs, Net

CAPITALIZED SOFTWARE COSTS (D51

CAPITALIZED SOFTWARE COSTS (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Notes to Financial Statements
Amortization expense	$ 0	$ 73,082	$ 146,166

CUSTOMER RELATIONSHIPS (Details

CUSTOMER RELATIONSHIPS (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Notes to Financial Statements
Customer relationships	$ 6,230,112	$ 4,223,161
Less accumulated amortization	(2,727,458)	(2,305,142)
Less impairment charge	(1,495,703)
Customer relationships, Net	$ 2,006,951	$ 1,918,019

CUSTOMER RELATIONSHIPS (Detai53

CUSTOMER RELATIONSHIPS (Details 1)	Jun. 30, 2015USD ($)
Notes to Financial Statements
2,016	$ 200,695
2,017	200,695
2,018	200,695
2,019	200,695
Thereafter	$ 1,204,171

CUSTOMER RELATIONSHIPS (Detai54

CUSTOMER RELATIONSHIPS (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Notes to Financial Statements
Amortization expense	$ 422,316	$ 422,316
Non-cash impairment charge	$ 1,495,703

ACCRUED LIABILITIES (Details)

ACCRUED LIABILITIES (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Payables and Accruals [Abstract]
Accrued stock-based compensation	$ 1,665,731	$ 1,122,188
Accrued compensation	506,064	352,764
Accrued other liabilities	225,140	171,930
Accrued dividends	124,176	154,473
Accrued liabilities	$ 2,521,111	$ 1,801,355

NOTES PAYABLE (Details)

NOTES PAYABLE (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Notes payable	$ 576,493	$ 649,148
Less current portion of capital lease obligations and notes payable	(227,301)	(226,900)
Non current capital lease obligations and notes payable	$ 349,192	422,248
Bank 1 [Member]
Notes payable		10,490
Monthly debt payment installment	$ 10,355
Annual interest rate	3.95%
Bank 2 [Member]
Notes payable		29,508
Monthly debt payment installment	$ 9,359
Annual interest rate	4.90%
Bank 3 [Member]
Notes payable
Monthly debt payment installment	$ 10,286
Annual interest rate	4.39%
Bank 4 [Member]
Notes payable	$ 152,530	239,293
Monthly debt payment installment	$ 7,860
Annual interest rate	3.73%
Bank 5 [Member]
Notes payable	$ 272,191	$ 338,287
Monthly debt payment installment	$ 7,860
Annual interest rate	4.17%
Bank 6 [Member]
Notes payable	$ 151,772
Monthly debt payment installment	$ 4,932
Annual interest rate	4.91%
Bank3Member
Notes payable		$ 31,570

NOTES PAYABLE (Details 1)

NOTES PAYABLE (Details 1)	Jun. 30, 2015USD ($)
Notes Payable Other Payables [Member]
Summary of maturities of notes payable and capital leases
2,016	$ 227,292
2,017	205,999
2,018	135,333
2,019	$ 7,873
2,020
Capital Lease Obligations [Member]
Summary of maturities of notes payable and capital leases
2,016	$ 174,095
2,017	150,047
2,018	91,385
2,019	$ 6,721
2,020

LINES OF CREDIT (Details Narrat

LINES OF CREDIT (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Debt Disclosure [Abstract]
Line of credit annual interest rate	17.10%
Line of credit annual interest rate	the greater of zero percent or LIBOR
Line of Credit Maturity Date	May 15, 2016
Line of credit outstanding	$ 2,500,000	$ 1,200,000

DEFERRED REVENUE (Details)

DEFERRED REVENUE (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Summary of deferred Revenue
Deferred revenue	$ 2,331,920	$ 1,840,811
Subscription [Member]
Summary of deferred Revenue
Deferred revenue	1,742,909	855,462
Other [Member]
Summary of deferred Revenue
Deferred revenue	$ 589,011	$ 985,349

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Deferred tax assets:
NOL Carryover	$ 45,886,227	$ 45,484,720
Depreciation
Amortization	$ 12,115
Allowance for Bad Debts	19,500	$ 27,300
Accrued Expenses	649,635	455,041
Deferred Revenue	676,138	283,900
Deferred tax liabilities:
Depreciation	$ (140,838)	(120,626)
Amortization		(392,137)
Valuation allowance	$ (47,211,777)	$ (45,738,198)
Net deferred tax asset

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
US federal income tax rate to pretax income from continuing operations
Book Income	$ (1,500,591)	$ (971,157)
Stock for Services	172,502	$ (21,650)
Stock for Charity	61,601
Intangible impairment	583,324
Change in Accrual Stock	211,982	$ 255,064
Life Insurance	26,438	30,390
Meals & Entertainment	12,885	12,793
Change in deferred revenue	(41,778)	(112,186)
Change in Allowance for doubtful accounts	(7,800)	(46,800)
Change in depreciation	$ (137,747)	$ (52,340)
NOL utilization
Valuation allowance	$ (619,719)	$ 905,886
Total

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - Jun. 30, 2015 - USD ($)	Total
Income Tax Disclosure [Abstract]
Net operating loss carryforwards	$ 117,657,000
Carryforward expiration date	Jun. 30, 2035

COMMITMENTS AND CONTINGENCIES63

COMMITMENTS AND CONTINGENCIES (Details)	Jun. 30, 2015USD ($)
Minimum future rental payments under the non-cancelable operating leases
2,016	$ 160,215
2,017	165,024
2,018	169,993
2,019	$ 73,847
2,020

COMMITMENTS AND CONTINGENCIES64

COMMITMENTS AND CONTINGENCIES (Details Narrative) - 12 months ended Jun. 30, 2015 - USD ($)	Total
Commitments and Contingencies Disclosure [Abstract]
Operating Lease expiration date	Nov. 1, 2012
Extended time of commercial lease	7 years
Operating lease monthly rent expense	$ 13,122

STOCK COMPENSATION PLAN (DETAIL

STOCK COMPENSATION PLAN (DETAILS) - $ / shares	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Share based compensation, options
Outstanding at Beginning of Period		12,300	12,880
Granted
Exercised		(12,300)
Cancelled			(580)
Expired
Outstanding at End of Period			12,300
Share based compensation, warrants
Outstanding at Beginning of Period	317,373	424,763	50,000
Granted	1,108,805	76,744	424,763
Exercised		(184,134)	(30,644)
Cancelled			(19,356)
Expired
Outstanding at End of Period	1,426,178	317,373	424,763
Share based compensation, Price Per Share
Granted, Price per share		$ 6.45
Exercised, Price per share			$ 1.80
Cancelled, Price per share
Expired, Price per share
MinimumMember
Share based compensation, Price Per Share
Outstanding at Beginning of Period, Price Per Share	$ 3.50	$ 1.50	$ 1.50
Granted, Price per share	4		3.50
Exercised, Price per share		1.50
Cancelled, Price per share			1.80
Outstanding at End of Period, Price Per Share	3.50	3.50	1.50
MaximumMember
Share based compensation, Price Per Share
Outstanding at Beginning of Period, Price Per Share	6.45	3.60	1.80
Granted, Price per share	10		3.6
Exercised, Price per share		3.60
Cancelled, Price per share			2.50
Outstanding at End of Period, Price Per Share	$ 10	$ 6.45	$ 3.60

STOCK COMPENSATION PLAN (Deta66

STOCK COMPENSATION PLAN (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jan. 31, 2013
Stock Compensation Plan Details Narrative
Annual compensation	$ 10,000
Quarterly compensation payment	$ 2,500
Appointment grant of shares of restricted stock	150,000
Restricted stock vesting period	5 years
Shares authorized for grant	500,000	250,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Related Party Transactions [Abstract]
Related party payables	$ 37,893	$ 37,051

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative)	2 Months Ended
	Sep. 11, 2015shares
Subsequent Events [Abstract]
Shares issued under ESPP and vesting of employee grants	188,522