Cantaloupe (CTLP) 10-Q 13 Nov 15 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Sep. 30, 2015	Nov. 02, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	USA TECHNOLOGIES INC
Entity Central Index Key	896,429
Trading Symbol	usat
Current Fiscal Year End Date	--06-30
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		35,889,519
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Current assets:
Cash	$ 11,592	$ 11,374
Accounts receivable, less allowance for uncollectible accounts of $1,512 and $1,309, respectively	6,448	5,971
Finance receivables	946	941
Inventory	3,718	4,216
Prepaid expenses and other current assets	625	574
Deferred income taxes	1,258	1,258
Total current assets	24,587	24,334
Finance receivables, less current portion	3,525	3,698
Other assets	342	350
Property and equipment, net	11,890	12,869
Deferred income taxes	25,761	25,788
Goodwill and intangibles	8,095	8,095
Total assets	74,200	75,134
Current liabilities:
Accounts payable	9,498	10,542
Accrued expenses	2,117	2,108
Line of credit	4,000	4,000
Current obligations under long-term debt	583	478
Income taxes payable	54	54
Deferred gain from sale-leaseback transactions	860	860
Total current liabilities	17,112	18,042
Long-term liabilities:
Long-term debt, less current portion	1,758	1,854
Accrued expenses, less current portion	38	49
Warrant liabilities	635	978
Deferred gain from sale-leaseback transactions, less current portion	685	900
Total long-term liabilities	3,116	3,781
Total liabilities	20,228	21,823
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 $17,687 and $17,355, respectively)	3,138	3,138
Common stock, no par value: Authorized shares- 640,000,000 Issued and outstanding shares- 35,784,218 and 35,747,242, respectively	225,175	224,874
Accumulated deficit	(174,341)	(174,701)
Total shareholders' equity	53,972	53,311
Total liabilities and shareholders' equity	$ 74,200	$ 75,134

Consolidated Balance Sheets (U3

Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Allowance for uncollectible accounts receivable (in dollars)	$ 1,512	$ 1,309
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	35,784,218	35,747,242
Common stock, shares outstanding	35,784,218	35,747,242
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)	$ 17,687	$ 17,355

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Revenues:
License and transaction fees	$ 12,925	$ 10,156
Equipment sales	3,675	2,096
Total revenues	16,600	12,252
Costs of sales/revenues:
Cost of services	8,705	7,251
Cost of equipment	2,848	1,866
Total costs of sales/revenues	11,553	9,117
Gross profit	5,047	3,135
Operating expenses:
Selling, general and administrative	4,796	3,632
Depreciation	139	169
Total operating expenses	4,935	3,801
Operating income (loss)	112	(666)
Other income (expense):
Interest income	51	10
Interest expense	(119)	(75)
Change in fair value of warrant liabilities	343	310
Total other income, net	275	245
Income (loss) before benefit (provision) for income taxes	387	(421)
Benefit (provision) for income taxes	(27)	360
Net income (loss)	360	(61)
Cumulative preferred dividends	(332)	(332)
Net income (loss) applicable to common shares	$ 28	$ (393)
Net earnings (loss) per common share - basic (in dollars per share)		$ (0.01)
Basic weighted average number of common shares outstanding (in shares)	35,788,199	35,586,455
Net loss per common share - diluted (in dollars per share)	$ (0.01)	$ (0.01)
Diluted weighted average number of common shares outstanding (in shares)	36,427,683	35,586,455

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity (Unaudited) - 3 months ended Sep. 30, 2015 - USD ($) $ in Thousands	Series A ConvertiblePreferred Stock	Common Stock	Accumulated Deficit	Total
Balance at Jun. 30, 2015	$ 3,138	$ 224,874	$ (174,701)	$ 53,311
Balance (in shares) at Jun. 30, 2015	442,968	35,747,242
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of warrants		$ 29		29
Exercise of warrants (in shares)		11,000
Stock based compensation 2013 Stock Incentive Plan		$ 157		157
Stock based compensation 2013 Stock Incentive Plan (in shares)		25,976
Stock based compensation 2014 Stock Option Incentive Plan		$ 115		115
Net income			360	360
Balance at Sep. 30, 2015	$ 3,138	$ 225,175	$ (174,341)	$ 53,972
Balance (in shares) at Sep. 30, 2015	442,968	35,784,218

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
OPERATING ACTIVITIES:
Net income (loss)	$ 360	$ (61)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Charges incurred in connection with the vesting and issuance of common stock and common stock options for employee and director compensation	272	139
Gain on disposal of property and equipment	(1)	(3)
Bad debt expense	236	159
Depreciation	1,350	1,473
Change in fair value of warrant liabilities	(343)	(310)
Deferred income taxes, net	27	(361)
Recognition of deferred gain from sale-leaseback transactions	(215)	(188)
Changes in operating assets and liabilities:
Accounts receivable	(713)	5
Finance receivables	168	(756)
Inventory	219	(1,138)
Prepaid expenses and other assets	48	(111)
Accounts payable	(1,044)	(46)
Accrued expenses	(2)	(186)
Income taxes payable		(21)
Net cash provided by (used in) operating activities	362	(1,405)
INVESTING ACTIVITIES:
Purchase of property and equipment	(49)	(31)
Purchase of property for rental program		(1,642)
Proceeds from sale of rental equipment under sale-leaseback transactions		4,994
Proceeds from sale of property and equipment	4	24
Net cash (used in) provided by investing activities	(45)	3,345
FINANCING ACTIVITIES:
Proceeds from exercise of common stock warrants	29
Repayment of long-term debt	(128)	(96)
Net cash used in financing activities	(99)	(96)
Net increase in cash	218	1,844
Cash at beginning of period	11,374	9,072
Cash at end of period	11,592	10,916
Supplemental disclosures of cash flow information:
Interest paid in cash	106	79
Depreciation expense allocated to cost of services	1,199	1,295
Reclass of rental program property to (from) inventory, net	(279)	4
Prepaid items financed with debt	103	103
Equipment and software acquired under capital lease	35
Disposal of property and equipment	$ 99	53
Disposal of property and equipment under sale-leaseback transactions		$ 3,873

ACCOUNTING POLICIES

ACCOUNTING POLICIES	3 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
ACCOUNTING POLICIES	1. ACCOUNTING POLICIES BUSINESS USA Technologies, Inc. (the “Company”, “We”, “USAT”, or “Our”) was incorporated in the Commonwealth of Pennsylvania in January 1992. We are a provider of technology-enabled solutions and value-added services that facilitate electronic payment transactions primarily within the unattended Point of Sale (“POS”) market. We are a leading provider in the small ticket, beverage and food vending industry and are expanding our solutions and services to other unattended market segments, such as amusement, commercial laundry, kiosk, and others. Since our founding, we have designed and marketed systems and solutions that facilitate electronic payment options, as well as telemetry and machine-to-machine (“M2M”) services, which include the ability to remotely monitor, control, and report on the results of distributed assets containing our electronic payment solutions. Historically, these distributed assets have relied on cash for payment in the form of coins or bills, whereas, our systems allow them to accept cashless payments such as through the use of credit or debit cards or other emerging contactless forms, such as mobile payment. 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, 2015. 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-month period ended September 30, 2015 are not necessarily indicative of the results that may be expected for the year ending June 30, 2016. The balance sheet at June 30, 2015 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. CONSOLIDATION The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. 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 The Company maintains its cash in bank deposit accounts, which may exceed federally insured limits at times. ACCOUNTS RECEIVABLE AND ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS Accounts receivable include amounts due to the Company for sales of equipment, other amounts due from customers, merchant service receivables, and unbilled amounts due from customers, net of the allowance for uncollectible accounts. The Company maintains an allowance for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments, including from a shortfall in the customer transaction fund flow from which the company would normally collect amounts due. The allowance is determined through an analysis of various factors including the aging of the accounts receivable, the strength of the relationship with the customer, the capacity of the customer transaction fund flow to satisfy the amount due from the customer, an assessment of collection costs and other factors. The allowance for uncollectible accounts receivable is management’s best estimate as of the respective reporting date. If the factors described above were to deteriorate, additional amounts may need to be added to the allowance. Changes in the allowance are due to write-offs or collections of receivables. Other changes in the estimated allowance in the period are charged to bad debt expense and included in selling, general and administrative expenses on the statements of operations. FINANCE RECEIVABLES The Company offers extended payment terms to certain customers for equipment sales under its Quick Start Program. In accordance with the Financial Accounting Standards Board Accounting Standards Codification® (“ASC”) Topic 840, “Leases”, agreements under the Quick Start Program qualify for sales-type lease accounting. Accordingly, the future minimum lease payments are classified as finance receivables in the Company’s consolidated balance sheets. Finance receivables or Quick Start leases are generally for a sixty-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. 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. INTANGIBLE ASSETS The Company’s intangible assets include goodwill, trademarks and patents. The Company’s trademarks with an indefinite economic life are not being amortized. The trademarks, not subject to amortization, are related to the EnergyMiser asset group and consist of four trademarks. The Company tests indefinite-lived intangible assets for impairment using a two-step process. The first step screens for potential impairment, while the second step measures the amount of impairment. The Company uses a relief from royalty analysis to complete the first step in this process. Testing for impairment is to be done at least annually and at other times if events or circumstances arise that indicate that impairment may have occurred. The Company has selected April 1 as its annual test date for its indefinite-lived intangible assets. Goodwill represents the excess of cost over fair value of the net assets purchased in acquisitions. The Company accounts for goodwill in accordance with ASC 350, “Intangibles – Goodwill and Other”. Under ASC 350, goodwill is not amortized to earnings, but instead is subject to periodic testing for impairment. Testing for impairment is to be done at least annually and at other times if events or circumstances arise that indicate that impairment may have occurred. The Company has selected April 1 as its annual test date. 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 accounted for in accordance with ASC 820 “Fair Value Measurement.” Under ASC 820 the Company uses inputs from the three levels of the fair value hierarchy to measure its financial assets and liabilities. 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 accounts receivable, short-term 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 agreements and the long-term portion of its finance receivables approximates their carrying value as such instruments are at market rates currently available to the Company. CONCENTRATION OF RISKS Financial instruments that subject the Company to a concentration of credit risk consist principally of cash and accounts and finance receivables. The Company maintains cash with various financial institutions where accounts may exceed federally insured limits at times. Approximately 25% and 35% of the Company’s trade accounts and finance receivables at September 30, 2015 and June 30, 2015, respectively, were concentrated with one customer. Concentration of revenues with customers subject the Company to operating risks. Approximately 20% and 25% of the Company’s license and transaction processing revenues for the three months ended September 30, 2015 and September 30, 2014, respectively, were concentrated with one customer. There was a 15% concentration of equipment sales revenue with one customer for the three months ended September 30, 2015 with no concentrations for the three months ended September 30, 2014. The Company’s customers are principally located in the United States. REVENUE RECOGNITION Revenue from the sale or QuickStart lease of equipment is recognized on the terms of freight-on-board shipping point. Activation fee revenue, if applicable, is recognized when the Company’s cashless payment device is initially activated for use on the Company network. Transaction processing revenue is recognized upon the usage of the Company’s cashless payment and control network. License fees for access to the Company’s devices and network services are recognized on a monthly basis. In all cases, revenue is only recognized when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the price is fixed and determinable, and collection of the resulting receivable is reasonably assured. The Company estimates an allowance for product returns at the date of sale and license and transaction fee refunds on a monthly basis. ePort hardware is available to customers under the QuickStart program pursuant to which the customer would enter into a five-year non-cancelable lease with either the Company or a third-party leasing company for the devices. At the end of the lease period, the customer would have the option to purchase the device for a nominal fee. PREFERRED STOCK Preferred stock is recorded on the balance sheet in the equity section at its par value. 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 The Company follows the provisions of FASB ASC 740, Accounting for Uncertainty in Income Taxes, Income taxes are computed using the asset and liability method of accounting. Under the asset and liability method, a deferred tax asset or liability is recognized for estimated future tax effects attributable to temporary differences and carryforwards. The measurement of deferred income tax assets is adjusted by a valuation allowance, if necessary, to recognize future tax benefits only to the extent that, based on available evidence, it is more likely than not such benefits will be realized. The Company recognizes interest and penalties, if any, related to uncertain tax positions in selling, general and administrative expenses. No interest or penalties related to uncertain tax positions were accrued or incurred during the three months ended September 30, 2015 and 2014. EARNINGS (LOSS) PER COMMON SHARE Basic earnings (loss) 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 period plus the effect of potential common shares unless such effect is anti-dilutive. RECLASSIFICATION The Company is changing the manner in which it presents certain uncollected customer accounts receivable and the related allowance in its consolidated balance sheets and the related statements of cash flows. These accounts receivable represent a large number of small balance amounts due from customers for processing and service fees which had not been billed to customers, and as to which, there had been no customer transaction proceeds from which the Company could collect the amounts due in accordance with its normal procedures. The previous accounting classification recorded these amounts as a reduction of its accounts payable in the consolidated balance sheets and the related statements of cash flows. The new accounting classification is more appropriate now, as the uncollected customer accounts have been outstanding for longer time periods and are larger in the aggregate than was anticipated when the accounting process was established many years ago. Accordingly, the respective balances for all prior periods presented in these financial statements were reclassified in order to be consistent with and comparable to the accounting classification of these items in our September 30, 2015 financial statements. The new accounting classification as well as the reclassification for prior periods had no effect on the consolidated statements of operations or the consolidated statements of shareholders’ equity. The details of the reclassification of the respective consolidated balance sheets and the consolidated statements of cash flows amounts are presented in the table below: ($ in thousands) Consolidated Balance Sheet Line Items June 30, 2015 As previously reported Reclassification As reclassified Accounts Receivable, net of allowance for uncollectible accounts: Reclassification of balances included in accounts payable to accounts receivable $ 2,114 Reclassification of the allowance for uncollectible accounts in accounts payable (815 ) $ 4,672 $ 1,299 $ 5,971 Allowance for Doubtful Accounts: Reclassification of the allowance for uncollectible accounts in accounts payable $ (494 ) $ (815 ) $ (1,309 ) Accounts Payable: Reclassification of balances included in accounts payable to accounts receivable $ 2,114 Reclassification of the allowance for uncollectible accounts in accounts payable (815 ) $ 9,243 $ 1,299 $ 10,542 ($ in thousands) Consolidated Statement of Cash Flow Line Items For the three months ended September 30, 2014 As previously Reclassification As reclassified Accounts Receivable Reclassification of cash provided by and included in accounts payable to accounts receivable $ 80 $ (75 ) $ 5 Accounts Payable: Reclassification of cash used in and included in accounts payable to accounts receivable $ (121 ) $ 75 $ (46 ) OTHER COMPREHENSIVE INCOME ASC 220, “Comprehensive Income”, prescribes the reporting required for comprehensive income and items of other comprehensive income. Entities having no items of other comprehensive income are not required to report on comprehensive income. The Company has no items of other comprehensive income for the three months ended September 30, 2015. NEW ACCOUNTING PRONOUNCEMENTS The Company is evaluating whether the effects of the following recent accounting pronouncements or any other recently issued, but not yet effective accounting standards, will have a material effect on the Company’s consolidated financial position, results of operations or cash flows. In May 2014, the Financial Accounting Standards Board issued ASU 2014-09 Revenue from Contracts with Customers (Topic 606). This pronouncement will be effective for the Company beginning with the year ending June 30, 2020. In June 2014, the Financial Accounting Standards Board issued ASU 2014-12 Compensation- Stock Compensation (Topic 718); Accounting for share-based payments when the terms of the award provide that a performance target could be achieved after the requisite service period. This pronouncement will be effective for the Company beginning with the year ending June 30, 2017. In August 2014, the Financial Accounting Standards Board issued ASU 2014-15 Presentation of Financial Statements- Going Concern (Subtopic 205-40): Disclosure of uncertainties about an entity’s ability to continue as a going concern. This pronouncement will be effective for the Company beginning with the year ending June 30, 2017. In April 2015, the Financial Accounting Standards Board issued ASU 2015-03 Interest- Imputation of Interest (Subtopic 835-30): Simplifying the presentation of debt issuance costs. This pronouncement will be effective for the Company beginning with the year ending June 30, 2017. In July 2015, the Financial Accounting Standards Board issued ASU 2015-11 Inventory (Topic 330): Simplifying the measurement of inventory. This pronouncement will be effective for the Company beginning with the year ending June 30, 2018.

EARNINGS PER SHARE CALCULATION

EARNINGS PER SHARE CALCULATION	3 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
EARNINGS PER SHARE CALCULATION	2. EARNINGS PER SHARE CALCULATION The calculation of basic earnings per share (“eps”) and diluted earnings per share is presented below: Three months ended ($ in thousands, except per share data) 2015 2014 Numerator for basic earnings per share - $ 28 $ (393 ) Gain recorded for reduction in fair value of warrants (343 ) * Numerator for diluted earnings per share - $ (315 ) $ (393 ) Denominator for basic earnings per share - 35,788,199 35,586,455 Effect of dilutive potential common shares 639,484 * Denominator for diluted earnings per share - 36,427,683 35,586,455 Basic earnings (loss) per share $ 0.00 $ (0.01 ) Diluted loss per share $ (0.01 ) $ (0.01 ) * No adjustment necessary as the effects would be anti-dilutive. Antidilutive shares excluded from the computation of average dilutive earnings per share were 341,240 and 141,997 for the three months ended September 30, 2015 and 2014, respectively.

FINANCE RECEIVABLES

FINANCE RECEIVABLES	3 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
Finance receivables	3. FINANCE RECEIVABLES Finance receivables consist of the following: ($ in thousands) September 30, June 30, (unaudited) Total finance receivables $ 4,471 $ 4,639 Less current portion 946 941 Non-current portion of finance receivables $ 3,525 $ 3,698 The company collects monthly payments of its finance receivables from the customers’ transaction fund flow. Accordingly, as the fund flow from these customers’ transactions is sufficient to satisfy the amount due to the company, the risk of loss is considered remote and the company has not provided for an allowance for credit losses for finance receivables as of September 30, 2015 and June 30, 2015. Credit Quality Indicators As of September 30, 2015 (unaudited) Credit risk profile based on payment activity: September 30, June 30, ($ in thousands) (unaudited) Performing $ 4,445 $ 4,619 Nonperforming 26 20 Total $ 4,471 $ 4,639 Age Analysis of Past Due Finance Receivables As of September 30, 2015 (unaudited) ($ in thousands) 31 – 60 Days Past Due 61 – 90 Days Past Due Greater than 90 Days Past Due Total Past Due Current Total Finance Receivables QuickStart Leases $ 3 $ 4 $ 19 $ 26 $ 4,445 $ 4,471 Age Analysis of Past Due Finance Receivables As of June 30, 2015 ($ in thousands) 31 – 60 Days Past Due 61 – 90 Days Past Due Greater than 90 Days Past Due Total Past Due Current Total Finance Receivables QuickStart Leases $ - $ 15 $ 5 $ 20 $ 4,619 $ 4,639

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	3 Months Ended
	Sep. 30, 2015
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	4. PROPERTY AND EQUIPMENT Property and equipment, at cost, consist of the following: September 30, 2015 Useful (unaudited) ($ in thousands) Lives Cost Accumulated Depreciation Net Computer equipment and purchased software 3-7 years $ 4,740 $ (4,102 ) $ 638 Property and equipment used for rental program 5 years 26,667 (15,616 ) 11,051 Furniture and equipment 3-7 years 736 (585 ) 151 Leasehold improvements Lesser of 575 (525 ) 50 life or lease term $ 32,718 $ (20,828 ) $ 11,890 Useful June 30, 2015 ($ in thousands) Lives Cost Accumulated Depreciation Net Computer equipment and purchased software 3-7 years $ 4,670 $ (4,017 ) $ 653 Property and equipment used for rental program 5 years 26,469 (14,476 ) 11,993 Furniture and equipment 3-7 years 723 (572 ) 151 Leasehold improvements Lesser of 575 (503 ) 72 life or lease term $ 32,437 $ (19,568 ) $ 12,869 Assets under capital leases totaled approximately $2.2 million and $2.1 million as of September 30, 2015 and June 30, 2015, respectively. Capital lease amortization of approximately $93 thousand and $107 thousand is included in depreciation expense for three months ended September 30, 2015 and 2014, respectively.

GOODWILL AND INTANGIBLES

GOODWILL AND INTANGIBLES	3 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLES	5. GOODWILL AND INTANGIBLES There was no amortization expense relating to acquired intangible assets during the three months ended September 30, 2015 and 2014, respectively. Intangible asset balances consisted of the following: ($ in thousands) September 30, June 30, (unaudited) Goodwill $ 7,663 $ 7,663 Trademarks - Indefinite 432 432 Trademarks - Amortizable - - Patents - - Total $ 8,095 $ 8,095

ACCRUED EXPENSES

ACCRUED EXPENSES	3 Months Ended
	Sep. 30, 2015
Accrued Liabilities [Abstract]
Accrued expenses	6. ACCRUED EXPENSES Accrued expenses consist of the following: ($ in thousands) September 30, June 30, (unaudited) Accrued compensation and related sales commissions $ 660 $ 673 Accrued professional fees 434 301 Accrued taxes and filing fees 504 505 Advanced customer billings 289 390 Accrued rent 54 75 Accrued other 214 213 2,155 2,157 Less current portion (2,117 ) (2,108 ) $ 38 $ 49

LINE OF CREDIT

LINE OF CREDIT	3 Months Ended
	Sep. 30, 2015
Line Of Credit Facility [Abstract]
LINE OF CREDIT	7. LINE OF CREDIT On July 10, 2012, the Company entered into a Loan and Security Agreement and other ancillary documents (the “Loan Agreement”) with a commercial bank (the “Bank”), which, as amended, provides for a secured line of credit of up to $7 million, secured by substantially all of the Company’s assets, until August 17, 2017. The outstanding balance of the amounts advanced under the line of credit will bear interest at 2% above the prime rate as published in The Wall Street Journal or 5% whichever is higher. The Loan Agreement contains customary affirmative and negative covenants, including achieving a minimum Adjusted EBITDA and minimum liquidity, and customary events of default. In connection with the Bank extending the Line of Credit, in January 2013, the Company issued to the Bank warrants to purchase up to 45,000 shares of common stock of the Company at any time prior to December 31, 2017 at an exercise price of $2.10 per share. The fair value of the warrants of $56 thousand was amortized as interest expense in the two fiscal years ended through June 30, 2014. The balance due on the Line of Credit was $4.0 million at September 30, 2015 and June 30, 2015. At September 30, 2015, $3.0 million was available under the Line of Credit. As of or Three Months Ended ($ in thousands) 2015 2014 Balance at period-end $ 4,000 $ 5,000 Maximum amount outstanding at any month end $ 4,000 $ 5,000 Average balance outstanding during the period $ 4,000 $ 5,000 Weighted-average interest rate: As of the period-end 5.25 % 5.25 % Paid during the period 5.25 % 5.25 % Interest expense on the line of credit was approximately $54 thousand and $66 thousand during each of the three months ended September 30, 2015 and 2014, respectively.

LONG-TERM DEBT

LONG-TERM DEBT	3 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
LONG-TERM DEBT	8. LONG-TERM DEBT CAPITAL LEASES The company periodically enters into capital lease obligations to finance certain office and network equipment for use in its daily operations. During the three-month period ended September 30, 2015 the company entered into capital lease obligations of $35 thousand. The interest rates on these obligations were approximately 5.60%. The value of the acquired equipment is included in property and equipment and amortized accordingly. OTHER LOAN AGREEMENTS The company periodically enters into other loan agreements to finance the purchase of various assets as needed, including computer equipment, insurance premiums, network equipment and software for use in its operations. During the three-month period ended September 30, 2015, the company entered into loan agreements for $103 thousand. The interest rates on these obligations were approximately 5.27%. The value of these financed insurance premiums acquired is included in prepaid expenses and other assets and expensed accordingly. ASSIGNMENT OF QUICKSTART LEASES In February and May 2015, the Company assigned its interest in certain finance receivables (various sixty-month QuickStart leases) to third-party finance companies in exchange for cash and the assumption of financing obligations in the aggregate of $1.8 million and $304 thousand, respectively. These assignment transactions contain recourse provisions for the Company which requires the proceeds from the assignment to be treated as long-term debt. The financing obligations range in rate from 9.41% to 9.45%. The balance of long-term debt as of September 30, 2015 and June 30, 2015 are shown in the table below. ($ in thousands) September 30, 2015 June 30, 2015 (unaudited) Capital lease obligations $ 332 $ 338 Other loan agreements 92 - Lease financing obligations 1,917 1,994 2,341 2,332 Less current portion 583 478 $ 1,758 $ 1,854 The maturities of long-term debt for each of the fiscal years following September 30, 2015 are as follows: ($ in thousands) 2016 (remaining nine months) $ 460 2017 513 2018 500 2019 487 2020 374 Thereafter 7 $ 2,341

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	3 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	9. 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 instrument that is required to be measured at fair value as of September 30, 2015 and June 30, 2015: ($ in thousands) Level 1 Level 2 Level 3 Total Common stock warrant liability, warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016 $ - $ - $ 635 $ 635 June 30, 2015 Level 1 Level 2 Level 3 Total Common stock warrant liability, warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016 $ - $ - $ 978 $ 978 As of September 30, 2015 and June 30, 2015, the Company held no Level 1 or Level 2 financial instruments. As of September 30, 2015 and June 30, 2015, the fair values of the Company’s Level 3 financial instrument totaled $635 thousand and $978 thousand, respectively. The Level 3 financial instrument consists of common stock warrants issued by the Company in March 2011, which include features requiring liability treatment of the warrants. The fair value of warrants issued in March 2011 to purchase 3.9 million shares of the Company’s common stock is based on valuations performed by an independent third party valuation firm. The fair value was determined using proprietary valuation models using the quality of the underlying securities of the warrants, restrictions on the warrants and security underlying the warrants, time restrictions and precedent sale transactions completed in the secondary market or in other private transactions. There were no transfers of assets or liabilities between level 1, level 2, or level 3 during the quarters ended September 30, 2015 and 2014. The following table summarizes the changes in fair value of the Company’s Level 3 financial instruments for the three months ended September 30, 2015 and 2014: ($ in thousands) Three months ended 2015 2014 Beginning balance $ (978 ) $ (585 ) Gain due to change in fair value of warrant liabilities 343 310 Ending balance $ (635 ) $ (275 )

WARRANTS

WARRANTS	3 Months Ended
	Sep. 30, 2015
Warrants [Abstract]
WARRANTS	10. WARRANTS During the three months ended September 30, 2015, warrants were exercised at $2.6058 per share resulting in the issuance of 11,000 shares of common stock with proceeds of $29 thousand. There were no exercises, issuances or expiration of warrants during the three months ended September 30, 2014. There have been no new warrants issued since January 2013. Warrant activity for the three-month period ended September 30, 2015 was as follows: Warrants Outstanding at June 30, 2015 4,309,000 Issued - Exercised (11,000 ) Expired - Outstanding at September 30, 2015 4,298,000

INCOME TAXES

INCOME TAXES	3 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	11. INCOME TAXES For the three months ended September 30, 2015, an income tax provision of $27 thousand (substantially all deferred income taxes) was recorded based upon income before provision before income taxes using an estimated annual effective income tax rate of 39% for the fiscal year ending June 30, 2016 net of a benefit for the tax effect of the change in the fair value of warrant liabilities which was treated discretely. For the three months ended September 30, 2014, an income tax benefit of $360 thousand (substantially all deferred income taxes) was recorded based upon a loss before benefit for income taxes using an estimated annual effective income tax rate of 56% for the fiscal year ended June 30, 2015 and a benefit for the tax effect of the change in the fair value of warrant liabilities which was treated discretely. A reconciliation of the federal statutory rate of 34% to the quarterly effective rate for the three months ended September 30, 2015 and 2014 is as follows: 2015 2014 Federal statutory rate 34 % 34 % Effects of permanent differences 2 % 14 % State income taxes, net of federal benefit 3 % 8 % Subtotal 39 % 56 % Change in fair value of warrant liabilities treated discretely -32 % 29 % Other - 1 % 7 % 86 % Deferred tax assets recorded on the balance sheets are as follows: ($ in thousands) Deferred Tax Assets: September 30, June 30, (unaudited) Current $ 1,258 $ 1,258 Long-Term 25,761 25,788 $ 27,019 $ 27,046

STOCK BASED COMPENSATION PLANS

STOCK BASED COMPENSATION PLANS	3 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK BASED COMPENSATION PLANS	12. STOCK BASED COMPENSATION PLANS STOCK OPTIONS The fair value of each option granted is estimated on the date of the grant using the Black-Scholes option pricing model with the following weighted-average assumptions used for options granted during: Three months ended 2015 2014 Expected volatility 63-66% 79% Expected life 4 - 4.5 years 7 years Expected dividends 0.00% 0.00% Risk-free interest rate 1.34-1.49% 2.04% Stock based compensation related to stock options for the three months ended September 30, 2015 and 2014 was $115 thousand Changes in outstanding stock options for the three months ended September 30, 2015 and 2014 consisted of the following: 2015 2014 Options Weighted Weighted Options Weighted Weighted Options outstanding, beginning of period 538,888 $ 1.86 $ 1.33 120,000 $ 2.05 $ 1.49 Granted 119,586 $ 3.38 $ 1.77 328,888 $ 1.80 $ 1.27 Forfeited - $ - $ - - $ - $ - Expired - $ - $ - - $ - $ - Exercised - $ - $ - - $ - $ - Options outstanding, end of period 658,474 $ 2.14 $ 1.41 448,888 $ 1.87 $ 1.33 Changes in unvested stock options for the three months ended September 30, 2015 and 2014 consisted of the following: 2015 2014 Options Weighted Average Options Weighted Average Unvested options, beginning of period 505,553 $ 1.32 120,000 $ 1.49 Granted 119,586 $ 1.77 328,888 $ 1.27 Vested (168,888 ) $ 1.27 - $ - Forfeited - $ - - $ - Unvested options, end of period 456,251 $ 1.46 448,888 $ 1.33 Exercise prices of stock options outstanding as of September 30 and June 30, 2015 consisted of the following: September 30, 2015 June 30, 2015 (unaudited) Range of Exercise Prices Options Options Options Options $1.62 to $1.68 75,000 - 75,000 - $1.80 328,888 168,888 328,888 - $2.05 100,000 33,335 100,000 33,335 $2.09 10,000 - 10,000 - $2.75 25,000 - 25,000 - $3.38 119,586 - - - 658,474 202,223 538,888 33,335 September 30, 2015 June 30, 2015 (unaudited) ($ in thousands except per share price and number of options) Options Options Options Options Number of stock options 658,474 202,223 538,888 33,335 Weighted average exercise price $ 2.14 $ 1.84 $ 1.86 $ 2.05 Aggregate intrinsic value $ 230 $ 131 $ 451 $ 22 Weighted average contractual life 6.11 5.88 6.21 5.97 Share price $ 2.49 $ 2.49 $ 2.70 $ 2.70 STOCK GRANTS The Company’s nonvested common shares as of September 30, 2015, and changes during the period then ended consisted of the following: Shares Weighted-Average Nonvested at June 30, 2015 18,604 $ 1.88 Granted 131,558 3.04 Vested (21,664 ) 2.70 Nonvested at September 30, 2015 128,498 $ 2.97

PREFERRED STOCK

PREFERRED STOCK	3 Months Ended
	Sep. 30, 2015
Preferred Stock [Abstract]
PREFERRED STOCK	13. PREFERRED STOCK The authorized Preferred Stock may be issued from time to time in one or more series, each series with such rights, preferences or restrictions as determined by the Board of Directors. As of September 30, 2015 each share of Series A Preferred Stock is convertible into 0.194 of a share of Common Stock and each share of Series A Preferred Stock is entitled to 0.194 of a vote on all matters on which the holders of Common Stock are entitled to vote. Series A Preferred Stock provides for an annual cumulative dividend of $1.50 per share, payable when, as and if declared by the Board of Directors, to the shareholders of record in equal parts on February 1 and August 1 of each year. Any and all accumulated and unpaid cash dividends on the Series A Preferred Stock must be declared and paid prior to the declaration and payment of any dividends on the Common Stock. The Series A Preferred Stock may be called for redemption at the option of the Board of Directors for a price of $11.00 per share plus payment of all accrued and unpaid dividends. No such redemption has occurred as of September 30, 2015. In the event of any liquidation as defined in the Company’s Articles of Incorporation, the holders of shares of Series A Preferred Stock issued shall be entitled to receive $10.00 for each outstanding share plus all cumulative unpaid dividends. If funds are insufficient for this distribution, the assets available will be distributed ratably among the preferred shareholders. The Series A Preferred Stock liquidation preference as of September 30, 2015 and June 30, 2015 is as follows: ($ in thousands) September 30, June 30, (unaudited) Shares outstanding at $10.00 per share $ 4,430 $ 4,430 Cumulative unpaid dividends 13,257 12,925 $ 17,687 $ 17,355 Cumulative unpaid dividends are convertible into common shares at $1,000 per common share at the option of the shareholder. During the three months ended September 30, 2015 and 2014, no shares of Preferred Stock nor cumulative preferred dividends were converted into shares of common stock.

RETIREMENT PLAN

RETIREMENT PLAN	3 Months Ended
	Sep. 30, 2015
Compensation and Retirement Disclosure [Abstract]
RETIREMENT PLAN	14. RETIREMENT PLAN The Company’s 401(k) Plan (the “Retirement Plan”) allows employees who have completed six months of service to make voluntary contributions up to a maximum of 100% of their annual compensation, as defined in the Retirement Plan and subject to IRS limitations. The Company may, in its discretion, make a matching contribution, a profit sharing contribution, a qualified non-elective contribution, and/or a safe harbor 401(k) contribution to the Retirement Plan. The Company must make an annual election at the beginning of the plan year as to whether it will make a safe harbor contribution to the plan. For the plan year ending June 30, 2016, the Company has elected to make safe harbor matching contributions of 100% of the participant’s first 3% and 50% of the next 2% of compensation deferred into the Retirement Plan. The Company’s safe harbor contributions for the three months ended September 30, 2015 and 2014 approximated $54 thousand and $47 thousand, respectively.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Sep. 30, 2015
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	15. RELATED PARTY TRANSACTIONS There were no related party transactions during the three months ended September 30, 2015 and 2014.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	16. COMMITMENTS AND CONTINGENCIES SALE AND LEASEBACK TRANSACTIONS In June 2014 and through the three months ended September 30, 2014, the Company and a third party finance company, entered into Sale Leaseback Agreements (the “Sale Leaseback Agreements” or a “Sale Leaseback Agreement”) pursuant to which a third-party finance company purchased ePort equipment owned by the Company and used by the Company in its JumpStart Program. Upon the completion of the sale under these agreements, the Company computed a gain on the sale of its ePort equipment, which is deferred and is amortized in proportion to the related gross rental charged to expense over the lease terms in accordance with the FASB topic ASC 840-40, “Sale Leaseback Transactions”. The computed gain on the sale is recognized ratably over the 36-month term and charged as a reduction to the Company’s JumpStart rent expense included in costs of services in the Company’s Consolidated Statement of Operations. The Company is accounting for the Sale Leaseback as an operating lease and is obligated to pay to the finance company a base monthly rental for this equipment during the 36-month lease term. The following table summarizes the changes in deferred gain from the sale-leaseback transactions: ($ in thousands) Three months ended 2015 2014 Beginning balance $ 1,760 $ 1,143 Recognition of deferred gain (215 ) (188 ) Ending balance 1,545 955 Less current portion 860 860 Non-current portion of deferred gain $ 685 $ 95 LITIGATION From time to time, the Company is involved in various legal proceedings arising during the normal course of business which, in the opinion of the management of the Company, will not have a material adverse effect on the Company’s financial position and results of operations or cash flows. On January 26, 2015, Universal Clearing Solutions, LLC (“Universal Clearing”), a former non-vending customer of the Company, filed a complaint against the Company in the United States District Court for the District of Arizona. On April 10, 2015, Universal Clearing filed an amended complaint, and on June 19, 2015, Universal Clearing filed a second amended complaint, which alleged causes of action against the Company for breach of contract, breach of fiduciary duty, and defamation. The allegations in the complaint relate to an agreement entered into between the Company and Universal Clearing pursuant to which Universal Clearing could board certain sub-merchants on the Company’s service. The complaint seeks monetary damages allegedly incurred by Universal Clearing as a result of, among other things, the Company’s refusal to board on its service certain sub-merchants of Universal Clearing. On July 24, 2015, the Company filed an answer to the defamation count of the complaint denying the allegations, and filed a motion to dismiss the remaining counts. The court has not yet ruled on the Company’s motion to dismiss. On July 24, 2015, the Company filed a counterclaim against Universal Clearing seeking damages of approximately $680 thousand which were incurred by the Company in connection with chargebacks relating to Universal Clearing’s sub-merchants which had been boarded on the Company’s service. The counterclaim alleges that Universal Clearing is responsible under the agreement for these chargebacks, and Universal Clearing misrepresented to the Company the business practices and other matters relating to these sub-merchants. On August 17, 2015, Universal Clearing filed an answer to the counterclaim denying that it was responsible for the chargebacks or had made any misrepresentations. On August 7, 2015, the Company filed a third party complaint in the pending action against Steven Juliver, the manager of Universal Clearing, as well as against Universal Tranware, LLC, and Secureswype, LLC, entities affiliated with Universal Clearing. The third party complaint sets forth causes of action for fraud and breach of contract, and seeks to recover from these defendants the chargebacks relating to Universal Clearing’s sub-merchants described above. On September 14, 2015, the third party defendants filed a motion to dismiss the third party complaint. The court has not yet ruled on the motion to dismiss. The Company does not believe that the claims set forth in the second amended complaint have merit and intends to vigorously defend this matter. The Company does not believe that this action would have a material adverse effect on its financial statements, results of operations or cash flows. The Company also intends to pursue its claims for damages set forth in the counterclaim and third party complaint. On October 1, 2015, a purported class action complaint was filed in the United States District Court for the Eastern District of Pennsylvania by Steven P. Messner, individually and on behalf of all others similarly situated, against the Company and its executive officers, alleging violations under the Securities Exchange Act of 1934. The lawsuit was filed on behalf of a purported class of investors who purchased or otherwise acquired securities of the Company between September 29, 2014 through September 29, 2015. The complaint alleges that the defendants made materially false and misleading statements, relating to, among other things, the failure to identify a large number of uncollectible small balance accounts. The complaint seeks certification as a class action and unspecified damages including attorneys’ fees and other costs. Based on its review of the complaint, the Company believes that the claims alleged in the complaint lack merit, and intends to vigorously defend against the claims.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Sep. 30, 2014
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	17. SUBSEQUENT EVENTS On October 19, 2015, the Company and David M. DeMedio entered into a Separation Agreement and Release (the “Separation Agreement”), pursuant to which Mr. DeMedio resigned as Chief Services Officer of the Company effective October 14, 2015. Pursuant to the Separation Agreement, the Company shall provide Mr. DeMedio with, among other things, an amount of $270,000, payable bi-weekly over a one-year period, an amount of $67,500 in four equal quarterly payments, and 60,000 non-qualified stock options and 28,659 shares of common stock, which were previously awarded to Mr. DeMedio but had not vested as of the date of his resignation. The Separation Agreement also provides that Mr. DeMedio shall provide consulting services to the Company. The Company has concluded that there are no other subsequent events requiring disclosure other than the item listed above and the October 1, 2015 purported class action complaint referenced in Note 16.

ACCOUNTING POLICIES (Policies)

ACCOUNTING POLICIES (Policies)	3 Months Ended
	Sep. 30, 2015
Business Description And Accounting Policies [Abstract]
CONSOLIDATION	CONSOLIDATION The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. 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	CASH The Company maintains its cash in bank deposit accounts, which may exceed federally insured limits at times.
ACCOUNTS RECEIVABLE AND ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS	ACCOUNTS RECEIVABLE AND ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS Accounts receivable include amounts due to the Company for sales of equipment, other amounts due from customers, merchant service receivables, and unbilled amounts due from customers, net of the allowance for uncollectible accounts. The Company maintains an allowance for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments, including from a shortfall in the customer transaction fund flow from which the company would normally collect amounts due. The allowance is determined through an analysis of various factors including the aging of the accounts receivable, the strength of the relationship with the customer, the capacity of the customer transaction fund flow to satisfy the amount due from the customer, an assessment of collection costs and other factors. The allowance for uncollectible accounts receivable is management’s best estimate as of the respective reporting date. If the factors described above were to deteriorate, additional amounts may need to be added to the allowance. Changes in the allowance are due to write-offs or collections of receivables. Other changes in the estimated allowance in the period are charged to bad debt expense and included in selling, general and administrative expenses on the statements of operations.
FINANCE RECEIVABLES	FINANCE RECEIVABLES The Company offers extended payment terms to certain customers for equipment sales under its Quick Start Program. In accordance with the Financial Accounting Standards Board Accounting Standards Codification® (“ASC”) Topic 840, “Leases”, agreements under the Quick Start Program qualify for sales-type lease accounting. Accordingly, the future minimum lease payments are classified as finance receivables in the Company’s consolidated balance sheets. Finance receivables or Quick Start leases are generally for a sixty-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.
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.
INTANGIBLE ASSETS	INTANGIBLE ASSETS The Company’s intangible assets include goodwill, trademarks and patents. The Company’s trademarks with an indefinite economic life are not being amortized. The trademarks, not subject to amortization, are related to the EnergyMiser asset group and consist of four trademarks. The Company tests indefinite-lived intangible assets for impairment using a two-step process. The first step screens for potential impairment, while the second step measures the amount of impairment. The Company uses a relief from royalty analysis to complete the first step in this process. Testing for impairment is to be done at least annually and at other times if events or circumstances arise that indicate that impairment may have occurred. The Company has selected April 1 as its annual test date for its indefinite-lived intangible assets. Goodwill represents the excess of cost over fair value of the net assets purchased in acquisitions. The Company accounts for goodwill in accordance with ASC 350, “Intangibles – Goodwill and Other”. Under ASC 350, goodwill is not amortized to earnings, but instead is subject to periodic testing for impairment. Testing for impairment is to be done at least annually and at other times if events or circumstances arise that indicate that impairment may have occurred. The Company has selected April 1 as its annual test date.
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 accounted for in accordance with ASC 820 “Fair Value Measurement.” Under ASC 820 the Company uses inputs from the three levels of the fair value hierarchy to measure its financial assets and liabilities. 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 accounts receivable, short-term 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 agreements and the long-term portion of its finance receivables approximates their carrying value as such instruments are at market rates currently available to the Company.
CONCENTRATION OF RISKS	CONCENTRATION OF RISKS Financial instruments that subject the Company to a concentration of credit risk consist principally of cash and accounts and finance receivables. The Company maintains cash with various financial institutions where accounts may exceed federally insured limits at times. Approximately 25% and 35% of the Company’s trade accounts and finance receivables at September 30, 2015 and June 30, 2015, respectively, were concentrated with one customer. Concentration of revenues with customers subject the Company to operating risks. Approximately 20% and 25% of the Company’s license and transaction processing revenues for the three months ended September 30, 2015 and September 30, 2014, respectively, were concentrated with one customer. There was a 15% concentration of equipment sales revenue with one customer for the three months ended September 30, 2015 with no concentrations for the three months ended September 30, 2014. The Company’s customers are principally located in the United States.
REVENUE RECOGNITION	REVENUE RECOGNITION Revenue from the sale or QuickStart lease of equipment is recognized on the terms of freight-on-board shipping point. Activation fee revenue, if applicable, is recognized when the Company’s cashless payment device is initially activated for use on the Company network. Transaction processing revenue is recognized upon the usage of the Company’s cashless payment and control network. License fees for access to the Company’s devices and network services are recognized on a monthly basis. In all cases, revenue is only recognized when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the price is fixed and determinable, and collection of the resulting receivable is reasonably assured. The Company estimates an allowance for product returns at the date of sale and license and transaction fee refunds on a monthly basis. ePort hardware is available to customers under the QuickStart program pursuant to which the customer would enter into a five-year non-cancelable lease with either the Company or a third-party leasing company for the devices. At the end of the lease period, the customer would have the option to purchase the device for a nominal fee.
PREFERRED STOCK	PREFERRED STOCK Preferred stock is recorded on the balance sheet in the equity section at its par value.
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 The Company follows the provisions of FASB ASC 740, Accounting for Uncertainty in Income Taxes, Income taxes are computed using the asset and liability method of accounting. Under the asset and liability method, a deferred tax asset or liability is recognized for estimated future tax effects attributable to temporary differences and carryforwards. The measurement of deferred income tax assets is adjusted by a valuation allowance, if necessary, to recognize future tax benefits only to the extent that, based on available evidence, it is more likely than not such benefits will be realized. The Company recognizes interest and penalties, if any, related to uncertain tax positions in selling, general and administrative expenses. No interest or penalties related to uncertain tax positions were accrued or incurred during the three months ended September 30, 2015 and 2014.
EARNINGS (LOSS) PER COMMON SHARE	EARNINGS (LOSS) PER COMMON SHARE Basic earnings (loss) 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 period plus the effect of potential common shares unless such effect is anti-dilutive.
RECLASSIFICATION	RECLASSIFICATION The Company is changing the manner in which it presents certain uncollected customer accounts receivable and the related allowance in its consolidated balance sheets and the related statements of cash flows. These accounts receivable represent a large number of small balance amounts due from customers for processing and service fees which had not been billed to customers, and as to which, there had been no customer transaction proceeds from which the Company could collect the amounts due in accordance with its normal procedures. The previous accounting classification recorded these amounts as a reduction of its accounts payable in the consolidated balance sheets and the related statements of cash flows. The new accounting classification is more appropriate now, as the uncollected customer accounts have been outstanding for longer time periods and are larger in the aggregate than was anticipated when the accounting process was established many years ago. Accordingly, the respective balances for all prior periods presented in these financial statements were reclassified in order to be consistent with and comparable to the accounting classification of these items in our September 30, 2015 financial statements. The new accounting classification as well as the reclassification for prior periods had no effect on the consolidated statements of operations or the consolidated statements of shareholders’ equity. The details of the reclassification of the respective consolidated balance sheets and the consolidated statements of cash flows amounts are presented in the table below: ($ in thousands) Consolidated Balance Sheet Line Items June 30, 2015 As previously reported Reclassification As reclassified Accounts Receivable, net of allowance for uncollectible accounts: Reclassification of balances included in accounts payable to accounts receivable $ 2,114 Reclassification of the allowance for uncollectible accounts in accounts payable (815 ) $ 4,672 $ 1,299 $ 5,971 Allowance for Doubtful Accounts: Reclassification of the allowance for uncollectible accounts in accounts payable $ (494 ) $ (815 ) $ (1,309 ) Accounts Payable: Reclassification of balances included in accounts payable to accounts receivable $ 2,114 Reclassification of the allowance for uncollectible accounts in accounts payable (815 ) $ 9,243 $ 1,299 $ 10,542 ($ in thousands) Consolidated Statement of Cash Flow Line Items For the three months ended September 30, 2014 As previously Reclassification As reclassified Accounts Receivable Reclassification of cash provided by and included in accounts payable to accounts receivable $ 80 $ (75 ) $ 5 Accounts Payable: Reclassification of cash used in and included in accounts payable to accounts receivable $ (121 ) $ 75 $ (46 )
OTHER COMPREHENSIVE INCOME	OTHER COMPREHENSIVE INCOME ASC 220, “Comprehensive Income”, prescribes the reporting required for comprehensive income and items of other comprehensive income. Entities having no items of other comprehensive income are not required to report on comprehensive income. The Company has no items of other comprehensive income for the three months ended September 30, 2015.
NEW ACCOUNTING PRONOUNCEMENTS	NEW ACCOUNTING PRONOUNCEMENTS The Company is evaluating whether the effects of the following recent accounting pronouncements or any other recently issued, but not yet effective accounting standards, will have a material effect on the Company’s consolidated financial position, results of operations or cash flows. In May 2014, the Financial Accounting Standards Board issued ASU 2014-09 Revenue from Contracts with Customers (Topic 606). This pronouncement will be effective for the Company beginning with the year ending June 30, 2020. In June 2014, the Financial Accounting Standards Board issued ASU 2014-12 Compensation- Stock Compensation (Topic 718); Accounting for share-based payments when the terms of the award provide that a performance target could be achieved after the requisite service period. This pronouncement will be effective for the Company beginning with the year ending June 30, 2017. In August 2014, the Financial Accounting Standards Board issued ASU 2014-15 Presentation of Financial Statements- Going Concern (Subtopic 205-40): Disclosure of uncertainties about an entity’s ability to continue as a going concern. This pronouncement will be effective for the Company beginning with the year ending June 30, 2017. In April 2015, the Financial Accounting Standards Board issued ASU 2015-03 Interest- Imputation of Interest (Subtopic 835-30): Simplifying the presentation of debt issuance costs. This pronouncement will be effective for the Company beginning with the year ending June 30, 2017. In July 2015, the Financial Accounting Standards Board issued ASU 2015-11 Inventory (Topic 330): Simplifying the measurement of inventory. This pronouncement will be effective for the Company beginning with the year ending June 30, 2018.

ACCOUNTING POLICIES (Tables)

ACCOUNTING POLICIES (Tables)	3 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Schedule of reclassification accounts receivable, allowance for doubtful accounts, accounts payable	($ in thousands) Consolidated Balance Sheet Line Items June 30, 2015 As previously reported Reclassification As reclassified Accounts Receivable, net of allowance for uncollectible accounts: Reclassification of balances included in accounts payable to accounts receivable $ 2,114 Reclassification of the allowance for uncollectible accounts in accounts payable (815 ) $ 4,672 $ 1,299 $ 5,971 Allowance for Doubtful Accounts: Reclassification of the allowance for uncollectible accounts in accounts payable $ (494 ) $ (815 ) $ (1,309 ) Accounts Payable: Reclassification of balances included in accounts payable to accounts receivable $ 2,114 Reclassification of the allowance for uncollectible accounts in accounts payable (815 ) $ 9,243 $ 1,299 $ 10,542 ($ in thousands) Consolidated Statement of Cash Flow Line Items For the three months ended September 30, 2014 As previously Reclassification As reclassified Accounts Receivable Reclassification of cash provided by and included in accounts payable to accounts receivable $ 80 $ (75 ) $ 5 Accounts Payable: Reclassification of cash used in and included in accounts payable to accounts receivable $ (121 ) $ 75 $ (46 )

EARNINGS PER SHARE CALCULATION

EARNINGS PER SHARE CALCULATION (Tables)	3 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Schedule of calculation of basic and diluted earnings per share	Three months ended September 30, ($ in thousands, except per share data) 2015 2014 Numerator for basic earnings per share - $ 28 $ (393 ) Gain recorded for reduction in fair value of warrants (343 ) * Numerator for diluted earnings per share - $ (315 ) $ (393 ) Denominator for basic earnings per share - 35,788,199 35,586,455 Effect of dilutive potential common shares 639,484 * Denominator for diluted earnings per share - 36,427,683 35,586,455 Basic earnings (loss) per share $ 0.00 $ (0.01 ) Diluted loss per share $ (0.01 ) $ (0.01 ) * No adjustment necessary as the effects would be anti-dilutive.

FINANCE RECEIVABLES (Tables)

FINANCE RECEIVABLES (Tables)	3 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
Schedule of finance receivables	($ in thousands) September 30, June 30, (unaudited) Total finance receivables $ 4,471 $ 4,639 Less current portion 946 941 Non-current portion of finance receivables $ 3,525 $ 3,698
Schedule of credit quality indicators	Credit Quality Indicators As of September 30, 2015 (unaudited) Credit risk profile based on payment activity: September 30, June 30, ($ in thousands) (unaudited) Performing $ 4,445 $ 4,619 Nonperforming 26 20 Total $ 4,471 $ 4,639
Schedule of age analysis of past due finance receivables	Age Analysis of Past Due Finance Receivables As of September 30, 2015 (unaudited) ($ in thousands) 31 – 60 Days Past Due 61 – 90 Days Past Due Greater than 90 Days Past Due Total Past Due Current Total Finance Receivables QuickStart Leases $ 3 $ 4 $ 19 $ 26 $ 4,445 $ 4,471 Age Analysis of Past Due Finance Receivables As of June 30, 2015 ($ in thousands) 31 – 60 Days Past Due 61 – 90 Days Past Due Greater than 90 Days Past Due Total Past Due Current Total Finance Receivables QuickStart Leases $ - $ 15 $ 5 $ 20 $ 4,619 $ 4,639

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	3 Months Ended
	Sep. 30, 2015
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	September 30, 2015 Useful (unaudited) ($ in thousands) Lives Cost Accumulated Depreciation Net Computer equipment and purchased software 3-7 years $ 4,740 $ (4,102 ) $ 638 Property and equipment used for rental program 5 years 26,667 (15,616 ) 11,051 Furniture and equipment 3-7 years 736 (585 ) 151 Leasehold improvements Lesser of 575 (525 ) 50 life or lease term $ 32,718 $ (20,828 ) $ 11,890 Useful June 30, 2015 ($ in thousands) Lives Cost Accumulated Depreciation Net Computer equipment and purchased software 3-7 years $ 4,670 $ (4,017 ) $ 653 Property and equipment used for rental program 5 years 26,469 (14,476 ) 11,993 Furniture and equipment 3-7 years 723 (572 ) 151 Leasehold improvements Lesser of 575 (503 ) 72 life or lease term $ 32,437 $ (19,568 ) $ 12,869

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	3 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible asset balances	($ in thousands) September 30, June 30, (unaudited) Goodwill $ 7,663 $ 7,663 Trademarks - Indefinite 432 432 Trademarks - Amortizable - - Patents - - Total $ 8,095 $ 8,095

ACCRUED EXPENSES (Tables)

ACCRUED EXPENSES (Tables)	3 Months Ended
	Sep. 30, 2015
Accrued Liabilities [Abstract]
Schedule of accrued expenses	($ in thousands) September 30, June 30, (unaudited) Accrued compensation and related sales commissions $ 660 $ 673 Accrued professional fees 434 301 Accrued taxes and filing fees 504 505 Advanced customer billings 289 390 Accrued rent 54 75 Accrued other 214 213 2,155 2,157 Less current portion (2,117 ) (2,108 ) $ 38 $ 49

LINE OF CREDIT (Tables)

LINE OF CREDIT (Tables)	3 Months Ended
	Sep. 30, 2015
Line Of Credit Facility [Abstract]
Schedule of line of credit facilities	As of or Three Months Ended ($ in thousands) 2015 2014 Balance at period-end $ 4,000 $ 5,000 Maximum amount outstanding at any month end $ 4,000 $ 5,000 Average balance outstanding during the period $ 4,000 $ 5,000 Weighted-average interest rate: As of the period-end 5.25 % 5.25 % Paid during the period 5.25 % 5.25 %

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	3 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Schedule of long-term debt	($ in thousands) September 30, 2015 June 30, 2015 (unaudited) Capital lease obligations $ 332 $ 338 Other loan agreements 92 - Lease financing obligations 1,917 1,994 2,341 2,332 Less current portion 583 478 $ 1,758 $ 1,854
Schedule of maturities of long-term debt	($ in thousands) 2016 (remaining nine months) $ 460 2017 513 2018 500 2019 487 2020 374 Thereafter 7 $ 2,341

FAIR VALUE OF FINANCIAL INSTR33

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Schedule of fair value of financial instruments required to be measured at fair value	($ in thousands) September 30, 2015 (unaudited) Level 1 Level 2 Level 3 Total Common stock warrant liability, warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016 $ - $ - $ 635 $ 635 June 30, 2015 Level 1 Level 2 Level 3 Total Common stock warrant liability, warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016 $ - $ - $ 978 $ 978
Schedule of changes in fair value of the company's level 3 financial instruments	Three months ended ($ in thousands) September 30, 2015 2014 Beginning balance $ (978 ) $ (585 ) Gain due to change in fair value of warrant liabilities 343 310 Ending balance $ (635 ) $ (275 )

WARRANTS (Tables)

WARRANTS (Tables)	3 Months Ended
	Sep. 30, 2015
Warrants [Abstract]
Schedule of common stock warrant activity	Warrants Outstanding at June 30, 2015 4,309,000 Issued - Exercised (11,000 ) Expired - Outstanding at September 30, 2015 4,298,000

INCOME TAXES (Tables)

INCOME TAXES (Tables)	3 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Schedule of income tax benefit in the provision for income taxes	2015 2014 Federal statutory rate 34 % 34 % Effects of permanent differences 2 % 14 % State income taxes, net of federal benefit 3 % 8 % Subtotal 39 % 56 % Change in fair value of warrant liabilities treated discretely -32 % 29 % Other - 1 % 7 % 86 %
Schedule of deferred tax assets and liabilities	($ in thousands) September 30, June 30, 2015 2015 (unaudited) Deferred Tax Assets: Current $ 1,258 $ 1,258 Long-Term 25,761 25,788 $ 27,019 $ 27,046

STOCK BASED COMPENSATION PLANS

STOCK BASED COMPENSATION PLANS (Tables)	3 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of stock option granted weighted average assumptions	Three months ended September 30, 2015 2014 Expected volatility 63-66 % 79 % Expected life 4 - 4.5 years 7 years Expected dividends 0.00 % 0.00 % Risk-free interest rate 1.34-1.49 % 2.04 %
Schedule of options outstanding	2015 2014 Options Weighted Weighted Options Weighted Weighted Options outstanding, beginning of period 538,888 $ 1.86 $ 1.33 120,000 $ 2.05 $ 1.49 Granted 119,586 $ 3.38 $ 1.77 328,888 $ 1.80 $ 1.27 Forfeited - $ - $ - - $ - $ - Expired - $ - $ - - $ - $ - Exercised - $ - $ - - $ - $ - Options outstanding, end of period 658,474 $ 2.14 $ 1.41 448,888 $ 1.87 $ 1.33
Schedule of unvested options outstanding	2015 2014 Options Weighted Average Options Weighted Average Unvested options, beginning of period 505,553 $ 1.32 120,000 $ 1.49 Granted 119,586 $ 1.77 328,888 $ 1.27 Vested (168,888 ) $ 1.27 - $ - Forfeited - $ - - $ - Unvested options, end of period 456,251 $ 1.46 448,888 $ 1.33
Schedule of common stock option activity	September 30, 2015 June 30, 2015 (unaudited) Range of Exercise Prices Options Options Options Options $1.62 to $1.68 75,000 - 75,000 - $1.80 328,888 168,888 328,888 - $2.05 100,000 33,335 100,000 33,335 $2.09 10,000 - 10,000 - $2.75 25,000 - 25,000 - $3.38 119,586 - - - 658,474 202,223 538,888 33,335
Schedule of share based compensation arrangement by share based payment award, options outstanding and exercisable options	September 30, 2015 June 30, 2015 (unaudited) ($ in thousands except per share price and number of options) Options Options Options Options Number of stock options 658,474 202,223 538,888 33,335 Weighted average exercise price $ 2.14 $ 1.84 $ 1.86 $ 2.05 Aggregate intrinsic value $ 230 $ 131 $ 451 $ 22 Weighted average contractual life 6.11 5.88 6.21 5.97 Share price $ 2.49 $ 2.49 $ 2.70 $ 2.70
Schedule of nonvested share activity	Shares Weighted-Average Nonvested at June 30, 2015 18,604 $ 1.88 Granted 131,558 3.04 Vested (21,664 ) 2.70 Nonvested at September 30, 2015 128,498 $ 2.97

PREFERRED STOCK (Tables)

PREFERRED STOCK (Tables)	3 Months Ended
	Sep. 30, 2015
Preferred Stock [Abstract]
Schedule of preferred stock	($ in thousands) September 30, June 30, (unaudited) Shares outstanding at $10.00 per share $ 4,430 $ 4,430 Cumulative unpaid dividends 13,257 12,925 $ 17,687 $ 17,355

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of amount of gain recognized in consolidated statement of operations	($ in thousands) Three months ended 2015 2014 Beginning balance $ 1,760 $ 1,143 Recognition of deferred gain (215 ) (188 ) Ending balance 1,545 955 Less current portion 860 860 Non-current portion of deferred gain $ 685 $ 95

ACCOUNTING POLICIES (Details)

ACCOUNTING POLICIES (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Accounts Receivable, net of allowance for uncollectible accounts:
Reclassification of balances included in accounts payable to accounts receivable
Reclassification of the allowance for uncollectible accounts in accounts payable
Accounts receivable	$ 6,448	$ 5,971
Allowance for Doubtful Accounts:
Reclassification of the allowance for uncollectible accounts in accounts payable	(1,512)	$ (1,309)
Accounts Payable:
Reclassification of balances included in accounts payable to accounts receivable
Reclassification of the allowance for uncollectible accounts in accounts payable
Accounts payable	$ 9,498	$ 10,542
As previously reported
Accounts Receivable, net of allowance for uncollectible accounts:
Reclassification of balances included in accounts payable to accounts receivable
Reclassification of the allowance for uncollectible accounts in accounts payable
Accounts receivable		$ 4,672
Allowance for Doubtful Accounts:
Reclassification of the allowance for uncollectible accounts in accounts payable		$ (494)
Accounts Payable:
Reclassification of balances included in accounts payable to accounts receivable
Reclassification of the allowance for uncollectible accounts in accounts payable
Accounts payable		$ 9,243
Reclassification
Accounts Receivable, net of allowance for uncollectible accounts:
Reclassification of balances included in accounts payable to accounts receivable		2,114
Reclassification of the allowance for uncollectible accounts in accounts payable		(815)
Accounts receivable		1,299
Allowance for Doubtful Accounts:
Reclassification of the allowance for uncollectible accounts in accounts payable		(815)
Accounts Payable:
Reclassification of balances included in accounts payable to accounts receivable		2,114
Reclassification of the allowance for uncollectible accounts in accounts payable		(815)
Accounts payable		$ 1,299

ACCOUNTING POLICIES (Details 1)

ACCOUNTING POLICIES (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Accounts Receivable
Accounts receivable	$ (713)	$ 5
Accounts Payable:
Accounts payable	$ (1,044)	(46)
As previously reported
Accounts Receivable
Reclassification of cash provided by and included in accounts payable to accounts receivable		80
Accounts Payable:
Reclassification of cash used in and included in accounts payable to accounts receivable		(121)
Reclassification
Accounts Receivable
Reclassification of cash provided by and included in accounts payable to accounts receivable		(75)
Accounts Payable:
Reclassification of cash used in and included in accounts payable to accounts receivable		$ 75

ACCOUNTING POLICIES (Detail Tex

ACCOUNTING POLICIES (Detail Textuals) - Customer one - Customer	3 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2015
License and transaction processing revenues
Concentration Risk [Line Items]
Concentration percentage	20.00%	25.00%
Number of customers	1	1
Equipment sales revenue
Concentration Risk [Line Items]
Concentration percentage	15.00%
Number of customers	1
Trade accounts and finance receivables
Concentration Risk [Line Items]
Concentration percentage	25.00%		35.00%
Number of customers	1		1

EARNINGS PER SHARE CALCULATIO42

EARNINGS PER SHARE CALCULATION (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Share [Abstract]
Numerator for basic earnings per share - Net income (loss) available to common shareholders	$ 28	$ (393)
Gain recorded for reduction in fair value of warrants	(343)		[1]
Numerator for diluted earnings per share - Net loss available to common shareholders	$ (315)	$ (393)
Denominator for basic earnings per share - Weighted average shares outstanding	35,788,199	35,586,455
Effect of dilutive potential common shares	639,484		[1]
Denominator for diluted earnings per share - Adjusted weighted average shares outstanding	36,427,683	35,586,455
Basic earnings (loss) per share (in dollars per share)		$ (0.01)
Diluted loss per share (in dollars per share)	$ (0.01)	$ (0.01)
[1]	No adjustment necessary as the effects would be anti-dilutive.

EARNINGS PER SHARE CALCULATIO43

EARNINGS PER SHARE CALCULATION (Detail Textuals) - shares	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Share [Abstract]
Antidilutive shares excluded from the computation of average earnings per share	341,240	141,997

FINANCE RECEIVABLES - Informati

FINANCE RECEIVABLES - Information regarding finance receivables (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Receivables [Abstract]
Total finance receivables	$ 4,471	$ 4,639
Less current portion	946	941
Non-current portion of finance receivables	$ 3,525	$ 3,698

FINANCE RECEIVABLES - Credit ri

FINANCE RECEIVABLES - Credit risk profile based on payment activity (Details 1) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Financing Receivable, Recorded Investment [Line Items]
Total finance receivables	$ 4,471	$ 4,639
Performing
Financing Receivable, Recorded Investment [Line Items]
Total finance receivables	4,445	4,619
Nonperforming
Financing Receivable, Recorded Investment [Line Items]
Total finance receivables	$ 26	$ 20

FINANCE RECEIVABLES - Age analy

FINANCE RECEIVABLES - Age analysis of past due finance receivables (Details 2) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total finance receivables	$ 4,471	$ 4,639
QuickStart Leases
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	26	20
Current	4,445	4,619
Total finance receivables	4,471	$ 4,639
QuickStart Leases | 31- 60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	3
QuickStart Leases | 61- 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	4	$ 15
QuickStart Leases | Greater than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 19	$ 5

PROPERTY AND EQUIPMENT - Summar

PROPERTY AND EQUIPMENT - Summary of property and equipment at cost (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2015	Jun. 30, 2015
Property, Plant and Equipment [Line Items]
Property, plant and equipment, Cost	$ 32,718	$ 32,437
Less accumulated depreciation	(20,828)	(19,568)
Property and equipment, Net	$ 11,890	$ 12,869
Computer equipment and purchased software
Property, Plant and Equipment [Line Items]
Useful lives	3-7 years	3-7 years
Property, plant and equipment, Cost	$ 4,740	$ 4,670
Less accumulated depreciation	(4,102)	(4,017)
Property and equipment, Net	$ 638	$ 653
Property and equipment used for rental program
Property, Plant and Equipment [Line Items]
Useful lives	5 years	5 years
Property, plant and equipment, Cost	$ 26,667	$ 26,469
Less accumulated depreciation	(15,616)	(14,476)
Property and equipment, Net	$ 11,051	$ 11,993
Furniture and equipment
Property, Plant and Equipment [Line Items]
Useful lives	3-7 years	3-7 years
Property, plant and equipment, Cost	$ 736	$ 723
Less accumulated depreciation	(585)	(572)
Property and equipment, Net	$ 151	$ 151
Leasehold improvements
Property, Plant and Equipment [Line Items]
Useful lives	life or lease term	life or lease term
Property, plant and equipment, Cost	$ 575	$ 575
Less accumulated depreciation	(525)	(503)
Property and equipment, Net	$ 50	$ 72

PROPERTY AND EQUIPMENT (Detail

PROPERTY AND EQUIPMENT (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2015	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Assets under capital leases	$ 2,200	$ 2,100
Capital lease amortization included in depreciation expense	$ 93	$ 107

GOODWILL AND INTANGIBLES - Summ

GOODWILL AND INTANGIBLES - Summary of intangible assets (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Intangible Assets Net Including Goodwill [Line Items]
Goodwill	$ 7,663	$ 7,663
Intangible Assets, Net (Including Goodwill)	8,095	8,095
Trademarks
Intangible Assets Net Including Goodwill [Line Items]
Indefinite-Lived Intangible Assets (Excluding Goodwill)	$ 432	$ 432
Trademarks
Intangible Assets Net Including Goodwill [Line Items]
Finite-Lived Intangible Assets, Net
Patents
Intangible Assets Net Including Goodwill [Line Items]
Finite-Lived Intangible Assets, Net

ACCRUED EXPENSES - Information

ACCRUED EXPENSES - Information regarding accrued expenses (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Accrued Liabilities [Abstract]
Accrued compensation and related sales commissions	$ 660	$ 673
Accrued professional fees	434	301
Accrued taxes and filing fees	504	505
Advanced customer billings	289	390
Accrued rent	54	75
Accrued other	214	213
Accrued expenses, total	2,155	2,157
Less current portion	(2,117)	(2,108)
Accrued expenses, less current portion	$ 38	$ 49

LINE OF CREDIT - Summary of lin

LINE OF CREDIT - Summary of line of credit (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2015
Line Of Credit Facility [Abstract]
Balance at period-end	$ 4,000	$ 5,000	$ 4,000
Maximum amount outstanding at any month end	4,000	5,000
Average balance outstanding during the period	$ 4,000	$ 5,000
Weighted-average interest rate:
As of the period-end	5.25%	5.25%
Paid during the period	5.25%	5.25%

LINE OF CREDIT (Detail Textuals

LINE OF CREDIT (Detail Textuals) - USD ($) $ / shares in Units, $ in Thousands	Jul. 10, 2012	Jan. 31, 2013	Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2015
Line of Credit Facility [Line Items]
Maximum limit of amount under line of credit			$ 3,000
Exercise price per share			$ 2.6058		$ 2.6058
Line of credit			$ 4,000	$ 5,000	$ 4,000
Interest expense			119	75
Line of Credit
Line of Credit Facility [Line Items]
Interest expense			$ 54	$ 66
Line of Credit | Commercial Bank | Loan and Security Agreement
Line of Credit Facility [Line Items]
Maximum limit of amount under line of credit	$ 7,000
Warrants issued in conjunction with Line of Credit Amendment		$ 56
Line of credit facility, basis of measurement	Prime rate
Line of credit facility, interest rate description	The outstanding balance of the amounts advanced under the line of credit will bear interest at 2% above the prime rate as published in The Wall Street Journal or 5% whichever is higher.
Percentage of interest rate above prime rate	2.00%
Percentage of interest rate on line of credit	5.00%
Line of Credit | Commercial Bank | Warrants | Loan and Security Agreement
Line of Credit Facility [Line Items]
Number of common stock called by warrants		45,000
Exercise price per share		$ 2.10

LONG-TERM DEBT - Long-term debt

LONG-TERM DEBT - Long-term debt (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Debt Instrument [Line Items]
Long-term debt	$ 2,341	$ 2,332
Less current portion	583	478
Long-term debt, less current portion	1,758	1,854
Capital Lease Obligations
Debt Instrument [Line Items]
Long-term debt	332	$ 338
Other loan agreements
Debt Instrument [Line Items]
Long-term debt	92
Lease financing obligations
Debt Instrument [Line Items]
Long-term debt	$ 1,917	$ 1,994

LONG-TERM DEBT-Maturities of lo

LONG-TERM DEBT-Maturities of long-term debt (Details 1) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Debt Disclosure [Abstract]
2016 (remaining nine months)	$ 460
2,017	513
2,018	500
2,019	487
2,020	374
Thereafter	7
Long-term debt	$ 2,341	$ 2,332

LONG-TERM DEBT (Detail Textuals

LONG-TERM DEBT (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	May. 31, 2015	Feb. 28, 2015
Debt Instrument [Line Items]
Loan agreements	$ 103	$ 103
Term of notes receivable or quick start leases	60 months
Capital Lease Obligations
Debt Instrument [Line Items]
Capital lease obligations	$ 35
Percentage of interest rate	5.60%
Other Loan Agreements
Debt Instrument [Line Items]
Percentage of interest rate	5.27%
Loan agreements	$ 103
Assignment Of Quickstart Leases
Debt Instrument [Line Items]
Financing lease obligations			$ 304	$ 1,800
Assignment Of Quickstart Leases | Minimum
Debt Instrument [Line Items]
Percentage of interest rate	9.41%
Assignment Of Quickstart Leases | Maximum
Debt Instrument [Line Items]
Percentage of interest rate	9.45%

FAIR VALUE OF FINANCIAL INSTR56

FAIR VALUE OF FINANCIAL INSTRUMENTS - Fair value of the company financial instruments that are required to be measured at fair value (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Common stock warrant liability, warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016	$ 635	$ 978
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
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]
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]
Common stock warrant liability, warrants exercisable at $2.6058 from September 18, 2011 through September 18, 2016	$ 635	$ 978

FAIR VALUE OF FINANCIAL INSTR57

FAIR VALUE OF FINANCIAL INSTRUMENTS - Fair value of the company financial instruments that are required to be measured at fair value (Parentheticals) (Details) - $ / shares	Sep. 30, 2015	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Exercise price of warrants per share	$ 2.6058	$ 2.6058

FAIR VALUE OF FINANCIAL INSTR58

FAIR VALUE OF FINANCIAL INSTRUMENTS - Changes in fair value of the Company level 3 financial instruments (unaudited) (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ (978)	$ (585)
Gain due to change in fair value of warrant liabilities	343	310
Ending balance	$ (635)	$ (275)

FAIR VALUE OF FINANCIAL INSTR59

FAIR VALUE OF FINANCIAL INSTRUMENTS (Detail Textuals) - USD ($) $ in Thousands, shares in Millions	1 Months Ended
	Mar. 31, 2011	Sep. 30, 2015	Jun. 30, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of common stock warrants		$ 635	$ 978
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of common stock warrants		$ 635	$ 978
Number of common stock called by warrants	3.9
Valuation method used to determine fair value	proprietary valuation models

WARRANTS - Summary of warrant a

WARRANTS - Summary of warrant activity (Details 1) - Warrants	3 Months Ended
	Sep. 30, 2015shares
Class Of Warrant Or Right [Roll Forward]
Outstanding at June 30, 2015	4,309,000
Issued
Exercised	(11,000)
Expired
Outstanding at September 30, 2015	4,298,000

WARRANTS (Detail Textuals)

WARRANTS (Detail Textuals) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Jan. 31, 2013
Class of Warrant or Right [Line Items]
Exercise price per share	$ 2.6058	$ 2.6058
Warrants | Loan and Security Agreement | Commercial Bank | Line of Credit
Class of Warrant or Right [Line Items]
Exercise price per share			$ 2.10
Warrants | Common Stock
Class of Warrant or Right [Line Items]
Exercise price per share	$ 2.6058
Issuance of common stock	11,000
Proceeds from issuance of common stock	$ 29

INCOME TAXES - Schedule of reco

INCOME TAXES - Schedule of reconciliation of the federal statutory rate (Details)	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Income Tax Disclosure [Abstract]
Federal statutory rate	34.00%	34.00%
Effects of permanent differences	2.00%	14.00%
State income taxes, net of federal benefit	3.00%	8.00%
Subtotal	39.00%	56.00%
Change in fair value of warrant liabilities treated discretely	(32.00%)	29.00%
Other	0.00%	1.00%
Effective income tax rate reconciliation percent	7.00%	86.00%

INCOME TAXES - Schedule of defe

INCOME TAXES - Schedule of deferred tax assets (Details 1) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Deferred Tax Assets:
Current	$ 1,258	$ 1,258
Long-Term	25,761	25,788
Deferred tax assets (liabilities), net of allowance	$ 27,019	$ 27,046

INCOME TAXES (Detail Textuals)

INCOME TAXES (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Income Tax Disclosure [Abstract]
Income (loss) before benefit (provision) for income taxes	$ (27)	$ 360
Estimated annual effective income tax rate for fiscal year ending June 30, 2016 and 2015 respectively	39.00%	56.00%
Federal statutory rate	34.00%	34.00%

STOCK BASED COMPENSATION PLAN65

STOCK BASED COMPENSATION PLANS - Summary of valuation assumption (Details) - Stock options	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility		79.00%
Expected life		7 years
Expected dividends	0.00%	0.00%
Risk-free interest rate		2.04%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	63.00%
Expected life	4 years
Risk-free interest rate	1.34%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	66.00%
Expected life	4 years 6 months
Risk-free interest rate	1.49%

STOCK BASED COMPENSATION PLAN66

STOCK BASED COMPENSATION PLANS - Summary of options outstanding (Details 1) - Stock options - $ / shares	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Shares
Options outstanding, beginning of period	538,888	120,000
Granted	119,586	328,888
Forfeited
Expired
Exercised
Options outstanding, end of period	658,474	448,888
Weighted-Average Exercise Price
Options outstanding, beginning of period	$ 1.86	$ 2.05
Granted	$ 3.38	$ 1.80
Forfeited
Expired
Exercised
Options outstanding, end of period	$ 2.14	$ 1.87
Weighted Average Grant Date Fair Value
Options outstanding, beginning of period	1.33	1.49
Granted	$ 1.77	$ 1.27
Forfeited
Expired
Exercised
Options outstanding, end of period	$ 1.41	$ 1.33

STOCK BASED COMPENSATION PLAN67

STOCK BASED COMPENSATION PLANS - Information about unvested options (Details 2) - Stock options - $ / shares	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Shares
Unvested options, beginning of period	505,553	120,000
Granted	119,586	328,888
Vested	(168,888)
Forfeited
Unvested options, end of period	456,251	448,888
Weighted Average Grant Date Fair Value
Unvested options, beginning of period	$ 1.32	$ 1.49
Granted	1.77	$ 1.27
Vested	$ 1.27
Forfeited
Unvested options, end of period	$ 1.46	$ 1.33

STOCK BASED COMPENSATION PLAN68

STOCK BASED COMPENSATION PLANS - Range of Exercise Prices (Details 3) - Stock options - $ / shares	3 Months Ended	12 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Sep. 30, 2014	Jun. 30, 2014
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	658,474	538,888	448,888	120,000
Options Outstanding, Remaining Contractual Life	6 years 1 month 10 days	6 years 2 months 16 days
Options Exercisable	202,223	33,335
Options Exercisable, Remaining Contractual Life	5 years 10 months 17 days	5 years 11 months 19 days
Options Exercisable, Weighted Average Exercise Price	$ 1.84	$ 2.05
Range of Exercise Prices $1.62 to $1.68
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	75,000	75,000
Options Exercisable
Range of Exercise Prices $1.62 to $1.68 | Minimum
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices	$ 1.62	$ 1.62
Range of Exercise Prices $1.62 to $1.68 | Maximum
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices	1.68	1.68
Range of Exercise Prices $1.80
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices	$ 1.80	$ 1.80
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	328,888	328,888
Options Exercisable	168,888
Range of Exercise Prices $2.05
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices	$ 2.05	$ 2.05
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	100,000	100,000
Options Exercisable	33,335	33,335
Range of Exercise Prices $2.09
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices	$ 2.09	$ 2.09
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	10,000	10,000
Options Exercisable
Range of Exercise Prices $2.75
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices	$ 2.75	$ 2.75
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	25,000	25,000
Options Exercisable
Range of Exercise Prices $3.38
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices	$ 3.38	$ 3.38
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	119,586
Options Exercisable

STOCK BASED COMPENSATION PLAN69

STOCK BASED COMPENSATION PLANS - Options outstanding and exercisable (Details 4) - Stock options - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Sep. 30, 2014	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number, Options Outstanding	658,474	538,888	448,888	120,000
Number, Exercisable Options	202,223	33,335
Weighted average exercise price, Options Outstanding	$ 2.14	$ 1.86	$ 1.87	$ 2.05
Weighted average exercise price, Exercisable Options	$ 1.84	$ 2.05
Aggregate intrinsic value, Options Outstanding	$ 230	$ 451
Aggregate intrinsic value, Exercisable Options	$ 131	$ 22
Weighted average contractual term, Options Outstanding	6 years 1 month 10 days	6 years 2 months 16 days
Weighted average contractual term, Exercisable Options	5 years 10 months 17 days	5 years 11 months 19 days
Share price of option outstanding and exercisable	$ 2.49	$ 2.7

STOCK BASED COMPENSATION PLAN70

STOCK BASED COMPENSATION PLANS - Company nonvested common shares (Details 5)	3 Months Ended
	Sep. 30, 2015$ / sharesshares
Shares
Nonvested at June 30 | shares	18,604
Granted | shares	131,558
Vested | shares	(21,664)
Nonvested at September 30 | shares	128,498
Weighted-Average Grant-Date Fair Value
Nonvested at June 30	$ 1.88
Granted	3.04
Vested	2.70
Nonvested at September 30	$ 2.97

STOCK BASED COMPENSATION PLAN71

STOCK BASED COMPENSATION PLANS (Detail Textuals) - Stock options - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation	$ 115	$ 52
Unrecognized compensation related to stock option grants	$ 444

PREFERRED STOCK - Preferred sto

PREFERRED STOCK - Preferred stock liquidation preference (Details) - Series A Preferred Stock - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2015	Jun. 30, 2015
Class Of Stock [Line Items]
Shares outstanding at $10.00 per share	$ 4,430	$ 4,430
Cumulative unpaid dividends	13,257	12,925
Preferred Stock liquidation preference	$ 17,687	$ 17,355

PREFERRED STOCK (Detail Textual

PREFERRED STOCK (Detail Textuals)	3 Months Ended
	Sep. 30, 2015$ / sharesshares
Class of Stock [Line Items]
Preferred stock voting rights	0.194 of a vote
Series A preferred stock annual cumulative dividend price per share (in dollars per share)	$ 1.50
Series A preferred stock, redemption price per share (in dollars per share)	11
Liquidation price to be received by series A preferred stock holder for each outstanding share plus all cumulative unpaid dividends (in dollars per share)	$ 10
Common Stock
Class of Stock [Line Items]
Preferred shares converted into common stock | shares	0.194
Cumulative unpaid dividends converted into common shares, Convertible price per common share (in dollars per share)	$ 1,000

RETIREMENT PLAN (Detail Textual

RETIREMENT PLAN (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Compensation and Retirement Disclosure [Abstract]
Maximum percent of voluntary contribution	100.00%
Description of safe harbor matching contributions plan	Company has elected to make safe harbor matching contributions of 100% of the participant's first 3% and 50% of the next 2% of compensation deferred into the Retirement Plan.
Percentage of safe harbor matching contributions for first 3% employee compensation	100.00%
Percentage of employee compensation eligible for 100% safe harbor matching contributions	3.00%
Percentage of safe harbor matching contributions for next 2% employee compensation	50.00%
Percentage of employee compensation eligible for 50% of next safe harbor matching contributions	2.00%
Company's safe harbor contribution	$ 54	$ 47

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Summarizes the changes in deferred gain from the sale-leaseback transactions (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Beginning balance	$ 1,760	$ 1,143
Recognition of deferred gain	(215)	(188)
Ending balance	1,545	955
Less current portion	860	860	$ 860
Non-current portion of deferred gain	$ 685	$ 95	$ 900

COMMITMENTS AND CONTINGENCIES76

COMMITMENTS AND CONTINGENCIES (Detail Textuals)	1 Months Ended
	Jun. 30, 2014
Third-party finance company
Commitment And Contingency [Line Items]
Agreement lease term	36 months

COMMITMENTS AND CONTINGENCIES77

COMMITMENTS AND CONTINGENCIES (Detail Textuals 1) $ in Thousands	1 Months Ended
	Jul. 24, 2015USD ($)
Customer agreement
Commitment And Contingency [Line Items]
Recoup credit card chargebacks due	$ 680,000

SUBSEQUENT EVENTS (Detail Textu

SUBSEQUENT EVENTS (Detail Textuals) - Subsequent Event [Member] - Separation agreement - Chief Services Officer	1 Months Ended
	Oct. 19, 2015USD ($)Quarterly_paymentshares
Subsequent Event [Line Items]
Amount payable bi-weekly over a one-year period	$ 270,000
Amount paid in four equal quarterly payments	$ 67,500
Number of quarterly payment | Quarterly_payment	4
Issue of non-qualified stock options | shares	60,000
Issue common stock shares | shares	28,659