Cantaloupe (CTLP) 10-Q12 Feb 142014 Q2 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
Document and Entity Information	Dec. 31, 2013	Feb. 03, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'USA TECHNOLOGIES INC	'
Entity Central Index Key	'0000896429	'
Trading Symbol	'usat	'
Current Fiscal Year End Date	'--06-30	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	35,548,662
Document Type	'10-Q	'
Document Period End Date	31-Dec-13	'
Amendment Flag	'false	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2013	Jun. 30, 2013
Current assets:	'	'
Cash and cash equivalents	$6,654,999	$5,981,000
Accounts receivable, less allowance for uncollectible accounts of $81,000 and $18,000, respectively	2,042,401	2,620,684
Finance receivables	112,902	116,444
Inventory	1,712,812	1,823,615
Prepaid expenses and other current assets	402,705	184,336
Total current assets	10,925,819	10,726,079
Finance receivables, less current portion	346,811	408,674
Property and equipment, net	19,311,498	17,240,065
Intangibles, net	432,100	454,053
Goodwill	7,663,208	7,663,208
Other assets	80,489	84,117
Total assets	38,759,925	36,576,196
Current liabilities:	'	'
Accounts payable	5,985,380	7,301,247
Accrued expenses	1,087,263	1,468,184
Line of credit	4,000,000	3,000,000
Current obligations under long-term debt	252,614	247,152
Total current liabilities	11,325,257	12,016,583
Long-term liabilities:	'	'
Long-term debt, less current portion	63,501	122,754
Accrued expenses, less current portion	262,190	366,785
Deferred tax liabilities	54,068	40,245
Warrant liabilities	469,437	650,638
Total long-term liabilities	849,196	1,180,422
Total liabilities	12,174,453	13,197,005
Commitments and contingencies	'	'
Shareholders' equity:	'	'
Preferred stock, no par value: Authorized shares- 1,800,000 Series A convertible preferred- Authorized shares- 900,000 Issued and outstanding shares- 442,968 (liquidation preference of $16,358,230 and $16,026,004, respectively)	3,138,056	3,138,056
Common stock, no par value: Authorized shares- 640,000,000 Issued and outstanding shares- 35,478,596 and 33,284,232, respectively	223,886,809	221,383,373
Accumulated deficit	-200,439,393	-201,142,238
Total shareholders' equity	26,585,472	23,379,191
Total liabilities and shareholders' equity	$38,759,925	$36,576,196

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parentheticals) (USD $)	Dec. 31, 2013	Jun. 30, 2013
Allowance for uncollectible accounts receivable (in dollars)	$81,000	$18,000
Preferred stock, no par value (in dollars per share)	'	'
Preferred stock, shares authorized	1,800,000	1,800,000
Common stock, no par value (in dollars per share)	'	'
Common stock, shares authorized	640,000,000	640,000,000
Common stock, shares issued	35,478,596	33,284,232
Common stock, shares outstanding	35,478,596	33,284,232
Series A Convertible Preferred Stock	'	'
Preferred stock, shares authorized	900,000	900,000
Preferred stock, shares issued	442,968	442,968
Preferred stock, shares outstanding	442,968	442,968
Preferred stock, liquidation preference value (in dollars)	$16,358,230	$16,026,004

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended		6 Months Ended
Consolidated Statements of Operations (Unaudited) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Revenues:	'	'	'	'
License and transaction fees	$8,671,085	$7,403,241	$17,178,129	$14,309,598
Equipment sales	1,899,429	1,481,080	3,515,443	2,965,001
Total revenues	10,570,514	8,884,321	20,693,572	17,274,599
Cost of services	5,495,385	4,363,212	10,904,848	8,555,572
Cost of equipment	1,244,996	920,928	2,375,820	1,974,564
Gross profit	3,830,133	3,600,181	7,412,904	6,744,463
Operating expenses:	'	'	'	'
Selling, general and administrative	3,193,568	2,699,675	6,488,912	5,914,800
Depreciation and amortization	126,875	332,856	285,384	676,245
Total operating expenses	3,320,443	3,032,531	6,774,296	6,591,045
Operating income	509,690	567,650	638,608	153,418
Other income (expense):	'	'	'	'
Interest income	4,714	21,661	18,240	41,827
Interest expense	-60,405	-25,016	-121,381	-48,023
Change in fair value of warrant liabilities	-37,896	-403,635	181,201	59,498
Total other income (expense), net	-93,587	-406,990	78,060	53,302
Income before provision for income taxes	416,103	160,660	716,668	206,720
Provision for income taxes	-6,912	-6,902	-13,823	-13,823
Net Income	409,191	153,758	702,845	192,897
Cumulative preferred dividends	'	'	-332,226	-332,226
Net income (loss) applicable to common shares	$409,191	$153,758	$370,619	($139,329)
Net earnings (loss) per common share - basic (in dollars per share)	$0.01	'	$0.01	'
Weighted average number of common shares outstanding (in shares)	34,136,884	32,734,394	33,730,590	32,626,312
Net earnings (loss) per common share - diluted (in dollars per share)	$0.01	'	$0.01	'
Diluted weighted average number of common shares outstanding (in shares)	34,222,731	33,468,336	33,816,437	32,626,312

Consolidated_Statement_of_Shar

Consolidated Statement of Shareholders' Equity (Unaudited) (USD $)	Preferred Stock	Common Stock	Accumulated Deficit	Total
	Series A Convertible Preferred Stock	Common Stock	Accumulated Deficit	Total
Balance at Jun. 30, 2013	$3,138,056	$221,383,373	($201,142,238)	$23,379,191
Balance (in shares) at Jun. 30, 2013	442,968	33,284,232	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'
Exercise of 2,090,226 warrants at $1.13 resulting in issuance of common stock	'	2,361,955	'	2,361,955
Exercise of 2,090,226 warrants at $1.13 resulting in issuance of common stock (in shares)	'	2,090,226	'	'
Issuance of fully-vested shares of common stock to employees and directors and vesting of shares under the 2010 Stock Incentive Plan	'	1,504	'	1,504
Issuance of fully-vested shares of common stock to employees and directors and vesting of shares under the 2011 Stock Incentive Plan	'	13,740	'	13,740
Issuance of fully-vested shares of common stock to employees and directors and vesting of shares under the 2011 Stock Incentive Plan (in shares)	'	51,667	'	'
Issuance of fully-vested shares of common stock to employees and directors and vesting of shares under the 2012 Stock Incentive Plan	'	173,612	'	173,612
Issuance of fully-vested shares of common stock to employees and directors and vesting of shares under the 2012 Stock Incentive Plan (In shares)	'	81,029	'	'
Retirement of common stock	'	-47,375	'	-47,375
Retirement of common stock (in shares)	'	-28,558	'	'
Net income	'	'	702,845	702,845
Balance at Dec. 31, 2013	$3,138,056	$223,886,809	($200,439,393)	$26,585,472
Balance (in shares) at Dec. 31, 2013	442,968	35,478,596	'	'

Consolidated_Statement_of_Shar1

Consolidated Statement of Shareholders' Equity (Unaudited) (Parentheticals) (USD $)	6 Months Ended
	Dec. 31, 2013
Statement Of Stockholders Equity [Abstract]	'
Exercise of warrants at $1.13 in the issuance of common stock	2,090,226
Exercise price of warrants	$1.13

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended		6 Months Ended
Consolidated Statements of Cash Flows (Unaudited) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
OPERATING ACTIVITIES:	'	'	'	'
Net income	$409,191	$153,758	$702,845	$192,897
Adjustments to reconcile net income to net cash provided by operating activities:	'	'	'	'
Charges incurred in connection with the vesting and issuance of common stock for employee and director compensation	104,464	94,891	188,856	220,224
(Gain) loss on disposal of property and equipment	-5,451	-3,600	9,484	-3,600
Non-cash interest and amortization of debt discount	'	'	2,095	'
Bad debt expense, net	51,619	15,187	78,050	9,058
Depreciation	1,278,518	904,580	2,496,589	1,738,586
Amortization	'	185,600	21,953	371,200
Change in fair value of warrant liabilities	37,896	403,635	-181,201	-59,498
Provision for deferred tax liability	6,912	6,902	13,823	13,823
Changes in operating assets and liabilities:	'	'	'	'
Accounts receivable	344,611	1,195,158	1,049,726	1,276,479
Finance receivables	104,076	-6,129	65,405	24,702
Inventory	45,903	-1,249,295	123,920	82,095
Prepaid expenses and other current assets	-63,026	-87,740	-114,986	-8,111
Accounts payable	-68,081	426,592	-1,315,867	311,140
Accrued expenses	-503,280	-117,364	-485,516	-1,568,810
Net cash provided by operating activities	1,743,352	1,922,175	2,655,176	2,600,185
INVESTING ACTIVITIES:	'	'	'	'
Purchase of property and equipment	-10,601	-48,753	-25,227	-50,278
Purchase of property for rental program	-2,493,247	-2,466,780	-4,568,222	-4,542,170
Proceeds from the sale of property and equipment	24,862	'	24,862	'
Net cash used in investing activities	-2,478,986	-2,515,533	-4,568,587	-4,592,448
FINANCING ACTIVITIES:	'	'	'	'
Net proceeds from the exercise of common stock warrants and the retirement of common stock	1,679,433	-87,315	1,765,087	-87,315
Proceeds from (repayments of) line of credit	'	-337,779	1,000,000	1,000,000
Repayment of long-term debt	-100,700	-138,905	-177,677	-300,721
Net cash provided by (used in) financing activities	1,578,733	-563,999	2,587,410	611,964
Net increase (decrease) in cash and cash equivalents	843,099	-1,157,357	673,999	-1,380,299
Cash and cash equivalents at beginning of period	5,811,900	6,203,703	5,981,000	6,426,645
Cash and cash equivalents at end of period	6,654,999	5,046,346	6,654,999	5,046,346
Supplemental disclosures of cash flow information:	'	'	'	'
Cash paid for interest	60,069	25,519	129,804	51,669
Depreciation expense allocated to cost of sales	1,151,643	757,323	2,233,158	1,433,541
Reclass of rental program property to inventory, net	-7,544	4,068	13,117	9,627
Prepaid items financed with debt	'	'	101,850	128,062
Equipment and software acquired under capital lease	'	'	22,036	'
Disposal of property and equipment	$44,512	'	$218,716	'

ACCOUNTING_POLICIES

ACCOUNTING POLICIES	6 Months Ended
ACCOUNTING POLICIES	Dec. 31, 2013
Business Description And Accounting Policies [Abstract]	'
ACCOUNTING POLICIES	'
	1. ACCOUNTING POLICIES

	Business

	USA Technologies, Inc. (the “Company”, “We” or “Our”), was incorporated in the Commonwealth of Pennsylvania in January 1992 and provides wireless networking, cashless transactions, asset monitoring and other value-added services principally to the small ticket unattended retail markets. Our ePort® technology can be installed and/or embedded into everyday devices such as vending machines, a variety of kiosks, and amusement and arcade machines and smartphones via our ePort Mobile™ solution. Our associated service, ePort Connect®, is a PCI-compliant, comprehensive service that includes simplified credit/debit card processing and support, consumer engagement services, as well as telemetry and machine-to-machine (“M2M”) services, including the ability to remotely monitor, control and report on the results of distributed assets containing our electronic payment solutions. In addition, the Company provides energy management products, such as its VendingMiser® and CoolerMiser™, which reduce energy consumption in vending machines and coolers.

	Interim Financial Information

	The accompanying unaudited consolidated financial statements of USA Technologies, Inc. have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements and therefore should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended June 30, 2013. In the opinion of management, all adjustments considered necessary for a fair presentation, consisting of normal recurring adjustments, have been included. Operating results for the three and six-month periods ended December 31, 2013 are not necessarily indicative of the results that may be expected for the year ending June 30, 2014. The balance sheet at June 30, 2013 has been derived from the audited consolidated financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements.

	Strategies to drive growth have resulted in net income of $409,191 and $702,845 for the three and six-month periods ended December 31, 2013, respectively. The Company had net income of $854,123 for the year ended June 30, 2013. Net income includes adjustments for changes to the fair value of our warrant liabilities, which are subject to secondary market conditions, and are not reasonably predictable. The Company’s ability to meet its future obligations is dependent upon the success of its products and services in the marketplace and the available capital resources. Until the Company’s products and services can generate sufficient annual revenues, the Company will be required to use its cash and cash equivalents on hand, and its line of credit (see Note 4), and may raise capital to meet its cash flow requirements including the issuance of Common Stock and the exercise of outstanding Common Stock warrants.

	Consolidation

	The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Stitch Networks Corporation (“Stitch”) and USAT Capital Corp LLC (“USAT Capital”). All significant intercompany accounts and transactions have been eliminated in consolidation.

	Use of Estimates

	The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.

	Cash Equivalents

	Cash equivalents represent all highly liquid investments with original maturities of three months or less. Cash equivalents are comprised of money market funds. The Company maintains its cash in bank deposit accounts, which may exceed federally insured limits at times.

	At December 31, 2013 and June 30, 2013, approximately $220,000 and $0, respectively, of the cash and cash equivalents of the Company was payable to our customers. Included in accounts receivable are amounts for transactions processed with our card processers for which cash has not been received by the Company and included in accounts payable are amounts for transactions processed with our card processers and due to our customers, which are recorded net of fees due to the Company. Generally, contractual terms require us to remit amounts owed to our customers on a weekly basis.


	Finance Receivables

	The Company offers extended payment terms to certain customers for equipment sales under its Quick Start Program. Notes receivable or Quick Start leases are generally for a 36 or 60 month term. Finance receivables are carried at their contractual amount and charged off against the allowance for credit losses when management determines that recovery is unlikely and the Company ceases collection efforts. The Company recognizes a portion of the note or lease payments as interest income in the accompanying consolidated financial statements based on the effective interest rate method.

	Inventory

	Inventory consists of finished goods and packaging materials. The Company’s inventory is stated at the lower of cost (average cost basis) or market.

	Fair Value of Financial Instruments

	The Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2010-06, “Fair Value Measurements and Disclosures (“Topic 820”): Improving Disclosures about Fair Value Measurements.” ASU 2010-06 amends certain disclosure requirements of Subtopic 820-10. This ASU provides additional disclosures for transfers in and out of Levels 1 and 2 and for activity in Level 3. This ASU also clarifies certain other existing disclosure requirements including level of desegregation and disclosures around inputs and valuation techniques.

	The Company’s financial assets and liabilities are measured using inputs from the three levels of the fair value hierarchy. The three levels are as follows:

	Level 1- Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.

	Level 2- Inputs are other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (i.e., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs).

	Level 3- Inputs are unobservable and reflect the Company’s assumptions that market participants would use in pricing the asset or liability. The Company develops these inputs based on the best information available.

	The Company’s financial instruments, principally cash equivalents, accounts receivable, finance receivables, prepaid expenses and other assets, accounts payable and accrued expenses, are carried at cost which approximates fair value due to the short-term maturity of these instruments. The fair value of the Company’s obligations under its long-term debt and credit agreements approximates their carrying value, as such instruments are at market rates currently available to the Company.

	Property and Equipment

	Property and equipment are recorded at cost. Property and equipment are depreciated on the straight-line basis over the estimated useful lives of the related assets. Leasehold improvements are amortized on the straight-line basis over the lesser of the estimated useful life of the asset or the respective lease term.

	Accounting for Equity Awards

	In accordance with ASC 718, the cost of employee services received in exchange for an award of equity instruments is based on the grant-date fair value of the award and allocated over the vesting period of the award.

	Income Taxes

	A provision for income taxes of $6,912 and $13,823 (all deferred income taxes) was recorded for the three and six-months ended December 31, 2013, respectively. A provision for income taxes of $6,902 and $13,823 (all deferred income taxes) was recorded for the three and six-months ended December 31, 2012, respectively. The provision for income taxes is not a function of nor related to the income before provision for income taxes for the periods because the Company has significant operating loss carryforwards that are available to negate any taxable income that would create current liabilities for income taxes. The provision for income taxes relates to the amortization of indefinite life intangible assets and goodwill that are being amortized for income tax purposes but not for financial reporting purposes giving rise to basis differences in such assets between financial and income tax reporting.
	The Company has substantial operating loss carryforwards and other items that create net deferred tax assets that have been offset by a valuation allowance as the Company has determined that as of December 31, 2013, the realization of the deferred tax assets is not likely, principally due to a lack of earnings history. The Company will continue to monitor its earnings to determine whether a full valuation allowance on the deferred tax asset is appropriate. The deferred tax liabilities related to the amortization of the indefinite life assets are not subject to offset against deferred tax assets with finite lives. As of December 31, 2013 and June 30, 2013, deferred tax liabilities of $54,068 and $40,245, respectively, were recorded for the potential future state and federal income tax effects for these basis differences.
	Income (Loss) Per Common Share

Basic earnings per share are calculated by dividing income (loss) applicable to common shares by the weighted average common shares outstanding for the period. Diluted earnings per share is calculated by dividing income (loss) applicable to common shares by the weighted average common shares outstanding for the year plus the effect of potential common shares unless such effect is anti-dilutive.

FINANCE_RECEIVABLES

FINANCE RECEIVABLES	6 Months Ended
FINANCE RECEIVABLES	Dec. 31, 2013
Receivables [Abstract]	'
FINANCE RECEIVABLES	'
	2. FINANCE RECEIVABLES

	Finance Receivables consist of the following:
		December 31,		June 30,
		2013		2013
		(unaudited)
	Total finance receivables	$	459,713	$	525,118
	Less current portion		112,902		116,444
	Non-current portion of finance receivables	$	346,811	$	408,674

	As of December 31, 2013 and June 30, 2013, there was no allowance for credit losses of finance receivables. As the Company collects monthly payments of the receivables from the customers’ transaction funds, the risk of loss was determined to be remote.

	Credit Quality Indicators
	As of December 31, 2013
	(unaudited)

	Credit risk profile based on payment activity:
		Leases

	Performing	$	459,713
	Nonperforming		-
	Total	$	459,713

	Age Analysis of Past Due Finance Receivables
	As of December 31, 2013
	(unaudited)

		31 – 60		61 – 90		Greater than						Total
		Days Past		Days Past		90 Days		Total Past		Current		Finance
		Due		Due		Past Due		Due		Current		Receivables

	Leases	$	963	$	943	$	-	$	1,906	$	457,807	$	459,713
	Total	$	963	$	943	$	-	$	1,906	$	457,807	$	459,713

ACCRUED_EXPENSES

ACCRUED EXPENSES	6 Months Ended
ACCRUED EXPENSES	Dec. 31, 2013
Accrued Liabilities [Abstract]	'
ACCRUED EXPENSES	'
	3. ACCRUED EXPENSES

	Accrued expenses consist of the following:

		December 31,		June 30,
		2013		2013
		(unaudited)
	Accrued compensation and related sales commissions	$	215,707	$	583,710
	Accrued professional fees		176,968		165,444
	Accrued taxes and filing fees		200,237		253,527
	Advanced customer billings		322,724		346,868
	Accrued rent		192,489		226,582
	Accrued other		241,328		258,838
		$	1,349,453	$	1,834,969

LINE_OF_CREDIT

LINE OF CREDIT	6 Months Ended
LINE OF CREDIT	Dec. 31, 2013
Line Of Credit Facility [Abstract]	'
LINE OF CREDIT	'
	4. LINE OF CREDIT

	In September 2013, the Company and Avidbank Corporate Finance, a division of Avidbank (the “Bank”) entered into a Fifth Amendment (“Fifth Amendment”) to the Loan and Security Agreement (“Loan Documents”) to change the minimum Adjusted EBITDA for covenant calculations for the four fiscal quarters ending through June 30, 2014.

	The Loan Documents also contain customary events of default, including, among other things, payment defaults, breaches of covenants, and bankruptcy and insolvency events, subject to grace periods in certain instances. Upon an event of default, the Bank may declare all of the outstanding obligations of the Company under the Line of Credit and Loan Documents to be immediately due and payable, and exercise any other rights provided for under the Loan Documents.

	The balance due on the Line of Credit was $4,000,000 and $3,000,000 at December 31, 2013 and June 30, 2013, respectively. At December 31, 2013, $1,000,000 was available.

LONGTERM_DEBT

LONG-TERM DEBT	6 Months Ended
LONG-TERM DEBT	Dec. 31, 2013
Debt Disclosure [Abstract]	'
LONG-TERM DEBT	'
	5. LONG-TERM DEBT

	Long-term debt consists of the following:

		December 31,		June 30,
		2013		2013
		(unaudited)
	Capital lease obligations	$	254,110	$	345,925
	Loan agreement		62,005		23,981
			316,115		369,906
	Less current portion		252,614		247,152
		$	63,501	$	122,754

	During July 2013, the Company entered into a capital lease for office equipment totaling $22,036 due in 24 monthly installments of $1,033 through July 2015.

	During August 2013, the Company financed a portion of the premiums for various insurance policies totaling $101,850, due in nine monthly payments through April 2014 at an interest rate of 5.27%.

FAIR_VALUE_OF_FINANCIAL_INSTRU

FAIR VALUE OF FINANCIAL INSTRUMENTS	6 Months Ended
FAIR VALUE OF FINANCIAL INSTRUMENTS	Dec. 31, 2013
Fair Value Disclosures [Abstract]	'
FAIR VALUE OF FINANCIAL INSTRUMENTS	'
	6. FAIR VALUE OF FINANCIAL INSTRUMENTS

	In accordance with the fair value hierarchy described in Note 1, the following table shows the fair value of the Company’s financial instruments that are required to be measured at fair value as of December 31, 2013 and June 30, 2013:

	December 31, 2013 (unaudited)	Level 1			Level 2			Level 3		Total

	Cash equivalents	$	2,684		$	-		$	-	$	2,684
	Common stock warrant liability, warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016	$	-		$	-		$	469,437	$	469,437

	June 30, 2013	Level 1			Level 2			Level 3		Total

	Cash equivalents	$	192,620		$	-		$	-	$	192,620
	Common stock warrant liability, warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016	$	-		$	-		$	650,638	$	650,638

	As of December 31, 2013 and June 30, 2013, the fair values of the Company’s Level 1 financial instruments were $2,684 and $192,620, respectively. These financial instruments consist of cash equivalents, including money market accounts. As of December 31, 2013 and June 30, 2013, the Company held no Level 2 financial instruments.

	As of December 31, 2013 and June 30, 2013, the fair values of the Company’s Level 3 financial instruments totaled $469,437 and $650,638, respectively. The Level 3 financial instrument consists of common stock warrants issued by the Company in March 2011, which include features requiring liability treatment of the warrants. The fair value of warrants issued in March 2011 to purchase 3.9 million shares of the Company’s common stock is based on valuations performed by an independent third party valuation firm. The fair value was determined using proprietary valuation models using the quality of the underlying securities of the warrants, restrictions on the warrants and security underlying the warrants, time restrictions and precedent sale transactions completed in the secondary market or in other private transactions.

	The following table summarizes the changes in fair value of the Company’s Level 3 financial instruments for the six-months ended December 31, 2013 and 2012:

		Six months ended
		December 31,
		2013			2012
		(unaudited)			(unaudited)
	Beginning balance	$	(650,638	)	$	(918,566	)
	Gain due to change in fair value of warrant liabilities, net		181,201			59,498
	Ending balance	$	(469,437	)	$	(859,068	)

COMMON_STOCK_AND_COMMON_STOCK_

COMMON STOCK AND COMMON STOCK WARRANTS	6 Months Ended
COMMON STOCK AND COMMON STOCK WARRANTS	Dec. 31, 2013
Common Stock And Common Stock Warrants Abstract	'
COMMON STOCK AND COMMON STOCK WARRANTS	'
	7. COMMON STOCK AND COMMON STOCK WARRANTS

	Under the 2010 Stock Incentive Plan, the Company recorded stock compensation expense of $752 and $1,504 during the three and six-months ended December 31, 2013, respectively, related to shares granted to Directors of the Company in July 2012; no shares of Common stock were issued under this plan during the three and six-months ended December 31, 2013.

	Under the 2011 Stock Incentive Plan, the Company recorded stock compensation expense of $1,812 and $13,740 and issued 0 and 51,667 shares of Common stock during the three and six-months ended December 31, 2013, respectively, related to shares granted to employees and Directors of the Company in September 2011 and July 2012.

	Under the 2012 Stock Incentive Plan, the Company recorded stock compensation expense of $101,900 and $173,612 and issued 70,013 and 81,029 shares of Common stock during the three and six-months ended December 31, 2013, respectively. Of these amounts $57,499 and $114,999 related to vesting of shares for Directors in lieu of cash payment for services on the Board of Directors and 35,713 shares of Common Stock were issued for the three and six-months ended December 31, 2013, respectively. For the three and six-months ended December 31, 2013 the Company recorded stock compensation expense and an expense reduction of $0 and $5,527, respectively, related to non-executive employee incentives as certain performance targets were not achieved, and issued 13,300 shares of Common Stock the three and six-months ended December 31, 2013.

	On November 7, 2013, at the recommendation of the Compensation Committee of the Board of Directors of the Company, the Board of Directors approved a stock bonus to the Company’s Chief Financial Officer (“CFO”). The CFO was awarded 21,000 vested shares of common stock of the Company as a bonus in recognition of his performance during the 2013 fiscal year. For the three and six-months ended December 31, 2013, $38,220 was recorded as expense on account of the stock bonus under the 2012 Stock Incentive Plan.

	On November 7, 2013, at the recommendation of the Compensation Committee of the Board of Directors of the Company, the Board of Directors approved the Fiscal Year 2014 Long-Term Stock Incentive Plan (the “2014 LTI Stock Plan”). The 2014 LTI Stock Plan provides that each executive officer would be awarded shares of common stock in the event that certain metrics relating to the Company’s 2014 fiscal year would result in specified ranges of year-over-year percentage growth.

	If none of the minimum threshold year-over-year percentage target goals are achieved, the executive officers would not be awarded any shares. If all of the year-over-year percentage target goals are achieved, the executive officers would be awarded shares having the following value: Chief Executive Officer (“CEO”) – $341,277 (100% of base salary); and CFO – $175,698 (75% of base salary). If all of the maximum distinguished year-over-year percentage target goals are achieved, the executive officers would be awarded shares having the following value: CEO – $682,554 (200% of base salary); and CFO – $351,396 (150% of base salary). Assuming the minimum threshold year-over-year percentage target goal would be achieved for a particular metric, the number of shares to be awarded for that metric would be determined on a pro rata basis, provided that the award would not exceed the maximum distinguished award for that metric. The shares awarded under the 2014 LTI Stock Plan would vest over a three year period following issuance as follows: one-third on the first anniversary; one-third on the second anniversary; and one-third on the third anniversary. The Company recorded stock compensation expense of $6,181 and $25,920 for the three and six-months ended December 31, 2013 on account of the 2014 LTI Stock Plan under the 2012 Stock Incentive Plan.

	During the three and six-month periods ended December 31, 2013, executive officers exercised their rights to cancel shares of common stock awarded to them under prior employment agreements and the Special Equity Plan granted to an executive officer in September 2012 for the payment of payroll taxes, including 21,179 and 28,558 shares of the Company’s Common Stock to satisfy $33,429 and $47,375 of related payroll obligations, respectively.

	During the three and six-months ended December 31, 2012, the Company recorded stock compensation expense of $94,893 and $220,224, and issued 30,987 and 262,650 shares of Common Stock, respectively. $19,583 and $35,625 for grants to the executive officers in April and September 2011, respectively; $32,964 of expenses related to vesting of shares granted to employees in April 2012; $5,551, $4,396 and $23,561 of expenses related to vesting of shares granted to Directors of the Company in June 2011, March 2012 and July 2012, respectively; and $85,000 for shares issued to Company Directors in lieu of cash payment.

	As of December 31, 2012, the Company recorded a liability of $87,837, and expense for the three and six-months then ended of $43,969 and $87,837, respectively, for the 2013 Performance Plan.

	Warrants were exercised during the three and six-months ended December 31, 2013, resulting in the issuance of 1,972,085 and 2,090,226 shares of Common Stock, respectively, at $1.13 per share. The Company received cash proceeds of $1,712,863 and $1,812,462 during the three and six-months ended December 31, 2013, and $549,493 was included in accounts receivable at December 31, 2013 and was collected on January 7, 2014. On December 31, 2013, warrants to purchase 58,527 shares of Common stock, exercisable at $1.13 per share, expired unexercised.

	On September 14, 2013 warrants to purchase 903,955 shares of Common Stock, exercisable at $5.90 per share, expired unexercised.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
COMMITMENTS AND CONTINGENCIES	Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]	'
COMMITMENTS AND CONTINGENCIES	'
	8. COMMITMENTS AND CONTINGENCIES

	2014 STI PLAN

	On November 7, 2013, at the recommendation of the Compensation Committee of the Board of Directors of the Company, the Board of Directors approved the Fiscal Year 2014 Short-Term Incentive Plan (the “2014 STI Plan”) covering its two executive officers – CEO and CFO. Upon the recommendation of the Compensation Committee, the Board also approved a stock bonus.

	The 2014 STI Plan provides that each executive officer would earn a cash bonus in the event that the Company achieved during the 2014 fiscal year certain annual financial goals and certain annual specific performance goals relating to the executive officer which are to be established by the Compensation Committee.

	If none of the minimum threshold target goals are achieved, the executive officers would not earn a cash bonus. If all of the target goals are achieved, the executive officers would earn a cash bonus as follows: CEO – $51,184 (15% of base salary); and CFO – $29,283 (12.5% of base salary). If all of the maximum distinguished target goals are achieved, the executive officers would earn a cash bonus as follows: CEO – $102,368 (30% of base salary); and CFO – $58,566 (25% of base salary). Assuming the minimum threshold target goal would be achieved for a particular metric, the amount of the cash bonus to be earned would be determined on a pro rata basis, provided that the bonus would not exceed the maximum distinguished award for that metric.

	EMPLOYMENT AGREEMENTS

	On November 7, 2013, the Company and its CFO, Mr. DeMedio, entered into an additional amendment to the employment agreement. The amendment to Mr. DeMedio’s employment agreement (the “DeMedio Amendment”) provides that (i) if following a change in control of the Company (as defined in the DeMedio Amendment) Mr. DeMedio would terminate his employment with the Company for good reason (as defined in the DeMedio Amendment), or (ii) if the Company would terminate his employment at any time without cause (as defined in the DeMedio Amendment), or (iii) if the Company would provide Mr. DeMedio with a notice of non-renewal of his employment agreement, then the Company would pay to him a lump sum equal to one times his base salary on or before the termination of his employment and all restricted stock awards would become vested as of the date of termination.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	6 Months Ended
SUBSEQUENT EVENTS	Dec. 31, 2013
Subsequent Events [Abstract]	'
SUBSEQUENT EVENTS	'
	9. SUBSEQUENT EVENTS

	In January 2014, the Company entered into a capital lease for office equipment totaling $162,718 due in sixty monthly installments of $3,189 through January 2019.

	In February 2014, the Company entered into a capital lease for network equipment totaling $182,217 due in 48 monthly installments of $4,690 through January 2018.

ACCOUNTING_POLICIES_Policies

ACCOUNTING POLICIES (Policies)	6 Months Ended
ACCOUNTING POLICIES (Policies)	Dec. 31, 2013
Business Description And Accounting Policies [Abstract]	'
Interim Financial Information	'
	Interim Financial Information

	The accompanying unaudited consolidated financial statements of USA Technologies, Inc. have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements and therefore should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended June 30, 2013. In the opinion of management, all adjustments considered necessary for a fair presentation, consisting of normal recurring adjustments, have been included. Operating results for the three and six-month periods ended December 31, 2013 are not necessarily indicative of the results that may be expected for the year ending June 30, 2014. The balance sheet at June 30, 2013 has been derived from the audited consolidated financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements.

	Strategies to drive growth have resulted in net income of $409,191 and $702,845 for the three and six-month periods ended December 31, 2013, respectively. The Company had net income of $854,123 for the year ended June 30, 2013. Net income includes adjustments for changes to the fair value of our warrant liabilities, which are subject to secondary market conditions, and are not reasonably predictable. The Company’s ability to meet its future obligations is dependent upon the success of its products and services in the marketplace and the available capital resources. Until the Company’s products and services can generate sufficient annual revenues, the Company will be required to use its cash and cash equivalents on hand, and its line of credit (see Note 4), and may raise capital to meet its cash flow requirements including the issuance of Common Stock and the exercise of outstanding Common Stock warrants.
Consolidation	'
	Consolidation

	The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Stitch Networks Corporation (“Stitch”) and USAT Capital Corp LLC (“USAT Capital”). All significant intercompany accounts and transactions have been eliminated in consolidation.
Use of Estimates	'
	Use of Estimates

	The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.
Cash Equivalents	'
	Cash Equivalents

	Cash equivalents represent all highly liquid investments with original maturities of three months or less. Cash equivalents are comprised of money market funds. The Company maintains its cash in bank deposit accounts, which may exceed federally insured limits at times.

	At December 31, 2013 and June 30, 2013, approximately $220,000 and $0, respectively, of the cash and cash equivalents of the Company was payable to our customers. Included in accounts receivable are amounts for transactions processed with our card processers for which cash has not been received by the Company and included in accounts payable are amounts for transactions processed with our card processers and due to our customers, which are recorded net of fees due to the Company. Generally, contractual terms require us to remit amounts owed to our customers on a weekly basis.
Finance Receivables	'
	Finance Receivables

	The Company offers extended payment terms to certain customers for equipment sales under its Quick Start Program. Notes receivable or Quick Start leases are generally for a 36 or 60 month term. Finance receivables are carried at their contractual amount and charged off against the allowance for credit losses when management determines that recovery is unlikely and the Company ceases collection efforts. The Company recognizes a portion of the note or lease payments as interest income in the accompanying consolidated financial statements based on the effective interest rate method.
Inventory	'
	Inventory

	Inventory consists of finished goods and packaging materials. The Company’s inventory is stated at the lower of cost (average cost basis) or market.
Fair Value of Financial Instruments	'
	Fair Value of Financial Instruments

	The Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2010-06, “Fair Value Measurements and Disclosures (“Topic 820”): Improving Disclosures about Fair Value Measurements.” ASU 2010-06 amends certain disclosure requirements of Subtopic 820-10. This ASU provides additional disclosures for transfers in and out of Levels 1 and 2 and for activity in Level 3. This ASU also clarifies certain other existing disclosure requirements including level of desegregation and disclosures around inputs and valuation techniques.

	The Company’s financial assets and liabilities are measured using inputs from the three levels of the fair value hierarchy. The three levels are as follows:

	Level 1- Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.

	Level 2- Inputs are other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (i.e., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs).

	Level 3- Inputs are unobservable and reflect the Company’s assumptions that market participants would use in pricing the asset or liability. The Company develops these inputs based on the best information available.

	The Company’s financial instruments, principally cash equivalents, accounts receivable, finance receivables, prepaid expenses and other assets, accounts payable and accrued expenses, are carried at cost which approximates fair value due to the short-term maturity of these instruments. The fair value of the Company’s obligations under its long-term debt and credit agreements approximates their carrying value, as such instruments are at market rates currently available to the Company.
Property and Equipment	'
	Property and Equipment

	Property and equipment are recorded at cost. Property and equipment are depreciated on the straight-line basis over the estimated useful lives of the related assets. Leasehold improvements are amortized on the straight-line basis over the lesser of the estimated useful life of the asset or the respective lease term.
Accounting for Equity Awards	'
	Accounting for Equity Awards

	In accordance with ASC 718, the cost of employee services received in exchange for an award of equity instruments is based on the grant-date fair value of the award and allocated over the vesting period of the award.
Income Taxes	'
	Income Taxes

	A provision for income taxes of $6,912 and $13,823 (all deferred income taxes) was recorded for the three and six-months ended December 31, 2013, respectively. A provision for income taxes of $6,902 and $13,823 (all deferred income taxes) was recorded for the three and six-months ended December 31, 2012, respectively. The provision for income taxes is not a function of nor related to the income before provision for income taxes for the periods because the Company has significant operating loss carryforwards that are available to negate any taxable income that would create current liabilities for income taxes. The provision for income taxes relates to the amortization of indefinite life intangible assets and goodwill that are being amortized for income tax purposes but not for financial reporting purposes giving rise to basis differences in such assets between financial and income tax reporting.
	The Company has substantial operating loss carryforwards and other items that create net deferred tax assets that have been offset by a valuation allowance as the Company has determined that as of December 31, 2013, the realization of the deferred tax assets is not likely, principally due to a lack of earnings history. The Company will continue to monitor its earnings to determine whether a full valuation allowance on the deferred tax asset is appropriate. The deferred tax liabilities related to the amortization of the indefinite life assets are not subject to offset against deferred tax assets with finite lives. As of December 31, 2013 and June 30, 2013, deferred tax liabilities of $54,068 and $40,245, respectively, were recorded for the potential future state and federal income tax effects for these basis differences.
Income (Loss) Per Common Share	'
	Income (Loss) Per Common Share

	Basic earnings per share are calculated by dividing income (loss) applicable to common shares by the weighted average common shares outstanding for the period. Diluted earnings per share is calculated by dividing income (loss) applicable to common shares by the weighted average common shares outstanding for the year plus the effect of potential common shares unless such effect is anti-dilutive.

FINANCE_RECEIVABLES_Tables

FINANCE RECEIVABLES (Tables)	6 Months Ended
FINANCE RECEIVABLES (Tables)	Dec. 31, 2013
Receivables [Abstract]	'
Schedule of finance receivables	'
		December 31,		June 30,
		2013		2013
		(unaudited)
	Total finance receivables	$	459,713	$	525,118
	Less current portion		112,902		116,444
	Non-current portion of finance receivables	$	346,811	$	408,674
Schedule of credit quality indicators	'
		Leases

	Performing	$	459,713
	Nonperforming		-
	Total	$	459,713

Schedule of age analysis of past due finance receivables	'
		31 – 60		61 – 90		Greater than						Total
		Days Past		Days Past		90 Days		Total Past		Current		Finance
		Due		Due		Past Due		Due		Current		Receivables

	Leases	$	963	$	943	$	-	$	1,906	$	457,807	$	459,713
	Total	$	963	$	943	$	-	$	1,906	$	457,807	$	459,713

ACCRUED_EXPENSES_Tables

ACCRUED EXPENSES (Tables)	6 Months Ended
ACCRUED EXPENSES (Tables)	Dec. 31, 2013
Accrued Liabilities [Abstract]	'
Schedule of accrued expenses	'
		December 31,		June 30,
		2013		2013
		(unaudited)
	Accrued compensation and related sales commissions	$	215,707	$	583,710
	Accrued professional fees		176,968		165,444
	Accrued taxes and filing fees		200,237		253,527
	Advanced customer billings		322,724		346,868
	Accrued rent		192,489		226,582
	Accrued other		241,328		258,838
		$	1,349,453	$	1,834,969

LONGTERM_DEBT_Tables

LONG-TERM DEBT (Tables)	6 Months Ended
LONG-TERM DEBT (Tables)	Dec. 31, 2013
Debt Disclosure [Abstract]	'
Schedule of long-term debt	'
		December 31,		June 30,
		2013		2013
		(unaudited)
	Capital lease obligations	$	254,110	$	345,925
	Loan agreement		62,005		23,981
			316,115		369,906
	Less current portion		252,614		247,152
		$	63,501	$	122,754

FAIR_VALUE_OF_FINANCIAL_INSTRU1

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	Dec. 31, 2013
Fair Value Disclosures [Abstract]	'
Schedule of fair value of financial instruments required to be measured at fair value	'
	December 31, 2013 (unaudited)	Level 1			Level 2			Level 3		Total

	Cash equivalents	$	2,684		$	-		$	-	$	2,684
	Common stock warrant liability, warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016	$	-		$	-		$	469,437	$	469,437

	June 30, 2013	Level 1			Level 2			Level 3		Total

	Cash equivalents	$	192,620		$	-		$	-	$	192,620
	Common stock warrant liability, warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016	$	-		$	-		$	650,638	$	650,638
Schedule of changes in fair value of the company's level 3 financial instruments	'
		Six months ended
		December 31,
		2013			2012
		(unaudited)			(unaudited)
	Beginning balance	$	(650,638	)	$	(918,566	)
	Gain due to change in fair value of warrant liabilities, net		181,201			59,498
	Ending balance	$	(469,437	)	$	(859,068	)

ACCOUNTING_POLICIES_Detail_Tex

ACCOUNTING POLICIES (Detail Textuals) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
ACCOUNTING POLICIES (Detail Textuals) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Jun. 30, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'	'
Net income	$409,191	$153,758	$702,845	$192,897	$854,123
Cash and cash equivalents payable to customers	220,000	'	220,000	'	0
Provision for income taxes	6,912	6,902	13,823	13,823	'
Deferred tax liabilities	$54,068	'	$54,068	'	$40,245
Original maturities of all highly liquid investments represent cash equivalents	'	'	'three months or less	'	'
Quick start leases \| Minimum	'	'	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'	'
Term of notes receivable or quick start leases	'	'	'36 months	'	'
Quick start leases \| Maximum	'	'	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'	'
Term of notes receivable or quick start leases	'	'	'60 months	'	'

FINANCE_RECEIVABLES_Informatio

FINANCE RECEIVABLES - Information regarding finance receivables (Details) (USD $)	Dec. 31, 2013	Jun. 30, 2013
Receivables [Abstract]	'	'
Total finance receivables	$459,713	$525,118
Less current portion	112,902	116,444
Non-current portion of finance receivables	$346,811	$408,674

FINANCE_RECEIVABLES_Credit_ris

FINANCE RECEIVABLES - Credit risk profile based on payment activity (Details 1) (USD $)	Dec. 31, 2013	Jun. 30, 2013
Financing Receivable, Recorded Investment [Line Items]	'	'
Total finance receivables	$459,713	$525,118
Leases	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Total finance receivables	459,713	'
Leases \| Performing	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Total finance receivables	459,713	'
Leases \| Nonperforming	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Total finance receivables	'	'

FINANCE_RECEIVABLES_Age_analys

FINANCE RECEIVABLES - Age analysis of past due finance receivables (Details 2) (USD $)	Dec. 31, 2013	Jun. 30, 2013
Financing Receivable, Recorded Investment, Past Due [Line Items]	'	'
31-60 Days Past Due	$963	'
61-90 Days Past Due	943	'
Greater than 90 Days Past Due	'	'
Total Past Due	1,906	'
Current	457,807	'
Total Finance Receivables	459,713	525,118
Leases	'	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'	'
31-60 Days Past Due	963	'
61-90 Days Past Due	943	'
Greater than 90 Days Past Due	'	'
Total Past Due	1,906	'
Current	457,807	'
Total Finance Receivables	$459,713	'

ACCRUED_EXPENSES_Information_r

ACCRUED EXPENSES - Information regarding accrued expenses (Details) (USD $)	Dec. 31, 2013	Jun. 30, 2013
Accrued Liabilities [Abstract]	'	'
Accrued compensation and related sales commissions	$215,707	$583,710
Accrued professional fees	176,968	165,444
Accrued taxes and filing fees	200,237	253,527
Advanced customer billings	322,724	346,868
Accrued rent	192,489	226,582
Accrued other	241,328	258,838
Accrued expenses, Total	$1,349,453	$1,834,969

LINE_OF_CREDIT_Detail_Textuals

LINE OF CREDIT (Detail Textuals) (USD $)	Dec. 31, 2013	Jun. 30, 2013
Line Of Credit Facility [Abstract]	'	'
Line of credit	$4,000,000	$3,000,000
Line of credit available	$1,000,000	'

LONGTERM_DEBT_Longterm_debt_De

LONG-TERM DEBT - Long-term debt (Details) (USD $)	Dec. 31, 2013	Jun. 30, 2013
Debt Instrument [Line Items]	'	'
Long-term debt	$316,115	$369,906
Less current portion	252,614	247,152
Long-term debt, less current portion	63,501	122,754
Capital Lease Obligations	'	'
Debt Instrument [Line Items]	'	'
Long-term debt	254,110	345,925
Loan agreement	'	'
Debt Instrument [Line Items]	'	'
Long-term debt	$62,005	$23,981

LONGTERM_DEBT_Detail_Textuals

LONG-TERM DEBT (Detail Textuals) (USD $)	1 Months Ended
	Aug. 31, 2013	Jul. 31, 2013
	Financing for insurance policies premium	Capital lease for office equipment
	Installment	Installment
Debt Instrument [Line Items]	'	'
Payment of finance long term debt	$101,850	$22,036
Number of installments	9	24
Debt payment terms	'Monthly	'Monthly
Amount of monthly installments finance long term debt	'	$1,033
Interest rate of finance long term debt	5.27%	'

FAIR_VALUE_OF_FINANCIAL_INSTRU2

FAIR VALUE OF FINANCIAL INSTRUMENTS - Fair value of the company financial instruments that are required to be measured at fair value (Details) (USD $)	Dec. 31, 2013	Jun. 30, 2013
Level 1	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Cash equivalents	$2,684	$192,620
Common stock warrant liability, warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016	'	'
Level 2	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Cash equivalents	'	'
Common stock warrant liability, warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016	'	'
Level 3	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Cash equivalents	'	'
Common stock warrant liability, warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016	469,437	650,638
Total	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Cash equivalents	2,684	192,620
Common stock warrant liability, warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016	$469,437	$650,638

FAIR_VALUE_OF_FINANCIAL_INSTRU3

FAIR VALUE OF FINANCIAL INSTRUMENTS - Fair value of the company financial instruments that are required to be measured at fair value (Parentheticals) (unaudited) (Details)	Dec. 31, 2013	Jun. 30, 2013
Fair Value Disclosures [Abstract]	'	'
Exercise price per share	2.6058	2.6058

FAIR_VALUE_OF_FINANCIAL_INSTRU4

FAIR VALUE OF FINANCIAL INSTRUMENTS - Changes in fair value of the Company level 3 financial instruments (unaudited) (Details 1) (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'	'	'	'
Beginning balance	'	'	($650,638)	($918,566)
Gain due to change in fair value of warrant liabilities, net	-37,896	-403,635	181,201	59,498
Ending balance	($469,437)	($859,068)	($469,437)	($859,068)

FAIR_VALUE_OF_FINANCIAL_INSTRU5

FAIR VALUE OF FINANCIAL INSTRUMENTS (Detail Textuals) (USD $)	Dec. 31, 2013	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2012	Dec. 31, 2013	Jun. 30, 2013	Mar. 31, 2011	Dec. 31, 2013	Jun. 30, 2013
Share data in Millions, unless otherwise specified	Dec. 31, 2013	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2012	Level 1	Level 1	Level 3	Level 3	Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'	'	'	'	'	'	'
Cash equivalents	'	'	'	'	$2,684	$192,620	'	'	'
Fair value of common stock warrants	$469,437	$650,638	$859,068	$918,566	'	'	'	$469,437	$650,638
Purchase of company's common stock (in shares)	'	'	'	'	'	'	3.9	'	'
Valuation method used to determine fair value	'	'	'	'	'	'	'Proprietary valuation models	'	'

COMMON_STOCK_AND_COMMON_STOCK_1

COMMON STOCK AND COMMON STOCK WARRANTS (Detail Textuals) (USD $)

3 Months Ended

6 Months Ended

1 Months Ended

0 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

Dec. 31, 2012

Jul. 31, 2012

Mar. 31, 2012

Jun. 30, 2011

Apr. 30, 2012

Sep. 30, 2011

Apr. 30, 2011

Nov. 07, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Directors

Employees

Executive officer

Chief Financial Officer ("CFO")

2010 Stock Incentive Plan

2011 Stock Incentive Plan

2012 Stock Incentive Plan

Performance Share Plan (the "2013 Plan")

Special Equity Plan

Directors

Employees and Directors

2014 LTI Stock Plan

Directors in lieu of cash payment

Chief Financial Officer ("CFO")

Non-executive employee

Executive officer

Stock bonus

Employment Agreement

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock compensation expense

$94,893

$220,224

$752

$1,504

$1,812

$13,740

$101,900

$173,612

$6,181

$25,920

$38,220

$43,969

$87,837

Number of common stock issued (in shares)

30,987

262,650

51,667

70,013

81,029

35,713

13,300

Awarded vested shares of common stock

21,000

Recorded liability on stock based plan

87,837

Stock compensation expense and expense reduction

5,527

Granted

35,625

19,583

Value of vesting of shares

23,561

4,396

5,551

32,964

57,499

114,999

Value of shares issued to directors in lieu of cash payment

85,000

Number of common stock shares cancelled to pay payroll taxes (in shares)

21,179

28,558

Payment of payroll obligations

$33,429

$47,375

COMMON_STOCK_AND_COMMON_STOCK_2

COMMON STOCK AND COMMON STOCK WARRANTS (Detail Textuals 1) (2014 LTI Stock Plan, USD $)	6 Months Ended
	Dec. 31, 2013
Chief Executive Officer ("CEO") \| Year-over-year percentage target goals	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Value of shares to be awarded after achieving the target goal	$341,277
Base salary percentage of awarded shares	100.00%
Chief Executive Officer ("CEO") \| Maximum distinguished year-over-year percentage target goals	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Value of shares to be awarded after achieving the target goal	682,554
Base salary percentage of awarded shares	200.00%
Chief Financial Officer ("CFO") \| Year-over-year percentage target goals	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Value of shares to be awarded after achieving the target goal	175,698
Base salary percentage of awarded shares	75.00%
Chief Financial Officer ("CFO") \| Maximum distinguished year-over-year percentage target goals	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Value of shares to be awarded after achieving the target goal	$351,396
Base salary percentage of awarded shares	150.00%

COMMON_STOCK_AND_COMMON_STOCK_3

COMMON STOCK AND COMMON STOCK WARRANTS (Detail Textuals 2) (USD $)	Dec. 31, 2013	Jun. 30, 2013	Dec. 31, 2013	Dec. 31, 2013	Sep. 14, 2013
	Dec. 31, 2013	Jun. 30, 2013	Warrant	Warrant	Warrant
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'
Warrant exercised on issuance of common stock	'	'	1,972,085	2,090,226	'
Number of common stock called by warrants expired unexercised	'	'	58,527	58,527	903,955
Exercise price per share	2.6058	2.6058	1.13	1.13	5.9
Cash proceeds from common stock	'	'	$1,712,863	$1,812,462	'
Accounts receivable	$2,042,401	$2,620,684	$549,493	$549,493	'

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Detail Textuals) (2014 Short-Term Incentive Plan (the "2014 STI Plan"), USD $)	0 Months Ended
	Nov. 07, 2013
Commitment And Contingency [Line Items]	'
Number of executive officers	2
Stephen P. Herbert \| Year-over-year percentage target goals	'
Commitment And Contingency [Line Items]	'
Cash bonus	$51,184
Base salary percentage of cash bonus	15.00%
Stephen P. Herbert \| Maximum distinguished year-over-year percentage target goals	'
Commitment And Contingency [Line Items]	'
Cash bonus	102,368
Base salary percentage of cash bonus	30.00%
David M. DeMedio \| Year-over-year percentage target goals	'
Commitment And Contingency [Line Items]	'
Cash bonus	29,283
Base salary percentage of cash bonus	12.50%
David M. DeMedio \| Maximum distinguished year-over-year percentage target goals	'
Commitment And Contingency [Line Items]	'
Cash bonus	$58,566
Base salary percentage of cash bonus	25.00%

SUBSEQUENT_EVENTS_Details_Text

SUBSEQUENT EVENTS (Details Textuals) (USD $)	1 Months Ended
	Jul. 31, 2013	Jan. 31, 2014	Feb. 28, 2014
	Capital lease for office equipment	Subsequent Event	Subsequent Event
	Installment	Capital lease for office equipment	Capital lease for network equipment
		Installment	Installment
Subsequent Event [Line Items]	'	'	'
Payment of finance long term debt	$22,036	$162,718	$182,217
Number of installments	24	60	48
Debt payment terms	'Monthly	'Monthly	'Monthly
Amount of monthly installments finance long term debt	$1,033	$3,189	$4,690