Cantaloupe (CTLP) 10-Q 9 Nov 22 2023 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Sep. 30, 2022	Nov. 03, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	001-33365
Entity Registrant Name	Cantaloupe, Inc.
Entity Incorporation, State or Country Code	PA
Entity Tax Identification Number	23-2679963
Entity Address, Address Line One	100 Deerfield Lane,
Entity Address, Address Line Two	Suite 300,
Entity Address, City or Town	Malvern,
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	19355
City Area Code	610
Local Phone Number	989-0340
Title of 12(b) Security	Common Stock, no par value
Trading Symbol	CTLP
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		71,218,130
Entity Central Index Key	0000896429
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--06-30

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Current assets:
Cash and cash equivalents	$ 50,793	$ 68,125
Accounts receivable, net	41,353	37,695
Finance receivables, net	6,594	6,721
Inventory, net	23,503	19,754
Prepaid expenses and other current assets	4,306	4,285
Total current assets	126,549	136,580
Non-current assets:
Finance receivables due after one year, net	14,809	14,727
Property and equipment, net	16,640	12,784
Operating lease right-of-use assets	2,076	2,370
Intangibles, net	17,126	17,947
Goodwill	66,656	66,656
Other assets	4,608	4,568
Total non-current assets	121,915	119,052
Total assets	248,464	255,632
Current liabilities:
Accounts payable	51,780	48,440
Accrued expenses	27,376	28,154
Current obligations under long-term debt	693	692
Deferred revenue	2,069	1,893
Total current liabilities	81,918	79,179
Long-term liabilities:
Deferred income taxes	195	186
Long-term debt, less current portion	13,757	13,930
Operating lease liabilities, non-current	2,030	2,366
Total long-term liabilities	15,982	16,482
Total liabilities	97,900	95,661
Commitments and contingencies (Note 14)
Series A convertible preferred stock, 900,000 shares authorized, 385,782 and 445,063 issued and outstanding, with liquidation preferences of $19,457 and $22,115 at September 30, 2022 and June 30, 2022, respectively	2,720	3,138
Shareholders’ equity:
Preferred stock, no par value, 1,800,000 shares authorized	0	0
Common stock, no par value, 640,000,000 shares authorized, 71,218,130 and 71,188,053 shares issued and outstanding at September 30, 2022 and June 30, 2022, respectively	469,503	469,918
Accumulated deficit	(321,659)	(313,085)
Total shareholders’ equity	147,844	156,833
Total liabilities, convertible preferred stock and shareholders’ equity	$ 248,464	$ 255,632

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Statement of Financial Position [Abstract]
Convertible preferred stock, shares authorized (in shares)	900,000	900,000
Convertible preferred stock, shares issued (in shares)	385,782	445,063
Convertible preferred stock, shares outstanding (in shares)	385,782	445,063
Convertible preferred stock, liquidation preference	$ 19,457	$ 22,115
Preferred stock, par value (in dollars per share)	$ 0	$ 0
Preferred stock, shares authorized (in shares)	1,800,000	1,800,000
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	640,000,000	640,000,000
Common stock, shares issued (in shares)	71,218,130	71,188,053
Common stock, shares outstanding (in shares)	71,218,130	71,188,053

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Revenue	$ 57,782	$ 45,780
Cost of sales	43,620	30,904
Gross profit	14,162	14,876
Operating expenses:
Sales and marketing	2,525	2,339
Technology and product development	6,865	5,389
General and administrative	11,578	7,264
Investigation, proxy solicitation and restatement expenses	397	0
Depreciation and amortization	1,315	1,022
Total operating expenses	22,680	16,014
Operating loss	(8,518)	(1,138)
Other income (expense):
Interest income	567	473
Interest expense	(477)	(478)
Other expense	(120)	(59)
Total other expense, net	(30)	(64)
Loss before income taxes	(8,548)	(1,202)
Provision for income taxes	(26)	(89)
Net loss	(8,574)	(1,291)
Preferred dividends	(334)	(334)
Net loss applicable to common shares	$ (8,908)	$ (1,625)
Net loss per common share
Basic (in dollars per share)	$ (0.13)	$ (0.02)
Diluted (in dollars per share)	$ (0.13)	$ (0.02)
Weighted average number of common shares outstanding used to compute net loss per share applicable to common shares
Basic (in shares)	71,207,750	71,175,927
Diluted (in shares)	71,207,750	71,175,927
Subscription and transaction fees
Revenue	$ 47,075	$ 40,625
Cost of sales	30,370	26,024
Equipment sales
Revenue	10,707	5,155
Cost of sales	$ 13,250	$ 4,880

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Accumulated Deficit
Balance (in shares) at Jun. 30, 2021		71,258,047
Balance at Jun. 30, 2021	$ 151,393	$ 462,775	$ (311,382)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation and exercises (net) (in shares)		20,958
Stock-based compensation and exercises (net)	1,762	$ 1,762
Net loss	(1,291)		(1,291)
Balance (in shares) at Sep. 30, 2021		70,959,182
Balance at Sep. 30, 2021	151,864	$ 464,537	(312,673)
Balance (in shares) at Jun. 30, 2022		71,188,053
Balance at Jun. 30, 2022	156,833	$ 469,918	(313,085)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase of Series A convertible preferred stock	(1,733)	$ (1,733)
Retirement of common stock (in shares)		(319,823)
Stock-based compensation and exercises (net) (in shares)		30,077
Stock-based compensation and exercises (net)	1,318	$ 1,318
Net loss	(8,574)		(8,574)
Balance (in shares) at Sep. 30, 2022		71,218,130
Balance at Sep. 30, 2022	$ 147,844	$ 469,503	$ (321,659)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities:
Net loss	$ (8,574)	$ (1,291)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Stock based compensation	1,318	1,762
Amortization of debt issuance costs and discounts	29	39
Provision for expected losses	1,436	412
Provision for inventory reserve	200	(370)
Depreciation and amortization included in operating expenses	1,315	1,022
Depreciation included in costs of sales for rental equipment	242	264
Other	657	(186)
Changes in operating assets and liabilities:
Accounts receivable	(4,693)	2,991
Finance receivables	(346)	635
Inventory	(3,948)	(3,875)
Prepaid expenses and other assets	(70)	(148)
Accounts payable and accrued expenses	3,596	(2,239)
Operating lease liabilities	(369)	153
Deferred revenue	175	(43)
Net cash used in operating activities	(9,032)	(874)
Cash flows from investing activities:
Cash paid for acquisition	0	(2,900)
Purchase of property and equipment	(4,956)	(1,641)
Net cash used in investing activities	(4,956)	(4,541)
Cash flows from financing activities:
Repayment of long-term debt	(193)	(210)
Contingent consideration paid for acquisition	(1,000)	0
Repurchase of Series A Convertible Preferred Stock	(2,151)	0
Net cash used in financing activities	(3,344)	(210)
Net decrease in cash and cash equivalents	(17,332)	(5,625)
Cash and cash equivalents at beginning of year	68,125	88,136
Cash and cash equivalents at end of period	50,793	82,511
Supplemental disclosures of cash flow information:
Interest paid in cash	$ 248	$ 187

BUSINESS

BUSINESS	3 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BUSINESS	BUSINESS Cantaloupe, Inc., is organized under the laws of the Commonwealth of Pennsylvania. We are a digital payments and software services company that provides end-to-end technology solutions for the unattended retail market. We are transforming the unattended retail world by offering a single platform for self-service commerce which includes integrated payments processing and software solutions that handle inventory management, pre-kitting, route logistics, warehouse and back-office management. Our enterprise-wide platform is designed to increase consumer engagement and sales revenue through digital payments, digital advertising and customer loyalty programs, while providing retailers with control and visibility over their operations and inventory. As a result, customers ranging from vending machine companies to operators of micro-markets, car wash, electric vehicle charging stations, commercial laundry, kiosks, amusements and more, can run their businesses more proactively, predictably, and competitively. COVID-19 Update The Company, its employees, and its customers operate in geographic locations in which its business operations and financial performance continues to be affected by the COVID-19 pandemic. While businesses, schools and other organizations re-open, which has led to increased foot-traffic to distributed assets containing our electronic payment solutions, the emergence of new strains and variants and resurgence of the virus, such as the outbreak of the Omicron variant in early calendar year 2022, have led and may in the future lead to additional shutdowns, closures, and other follow-on impacts including supply chain disruptions, which may impact our operations and financial results. During fiscal year 2023, we experienced elevated component and supply chain costs necessary for the production and distribution of our hardware products. Such impacts to our financial statements include, but are not limited to, increased costs of sales incurred, impairment of goodwill and intangible assets, impairment of long-lived assets including operating lease assets, property and equipment and allowance for doubtful accounts for accounts and finance receivables. We have concluded that there are no material impairments as a result of our evaluation for the quarter ended September 30, 2022. Where applicable, we have incorporated judgments and estimates of the expected impact of COVID-19 in the preparation of the financial statements based on information currently available. These judgments and estimates may change, as new events develop and additional information is obtained, and are recognized in the condensed consolidated financial statements as soon as they become known.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Preparation The accompanying unaudited condensed consolidated financial statements of the Company 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 June 30, 2022 Annual Report on Form 10-K. All intercompany transactions and balances have been eliminated in consolidation. 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 months ended September 30, 2022 are not necessarily indicative of the results that may be expected for the full fiscal year ending June 30, 2023. Actual results could differ from estimates. The balance sheet at June 30, 2022 has been derived from the audited consolidated financial statements at that date, but does not include all disclosures required by accounting principles generally accepted in the United States of America. The Company operates as one operating segment because its chief operating decision maker, who is the Chief Executive Officer, reviews its financial information on a consolidated basis for purposes of making decisions regarding allocating resources and assessing performance. Recently Adopted Accounting Pronouncements Lessor Classification In July 2021, the FASB issued ASU 2021-05, “ Lessors – Certain Leases with Variable Lease Payments ” which requires lessors to classify leases as operating leases if they have variable lease payments that do not depend on an index or rate and would have selling losses if they were classified as sales-type or direct financing leases. The Company adopted this pronouncement on July 1, 2022. The adoption of this accounting standard did not materially impact the Company’s condensed consolidated financial statements. Accounting for Debt and Equity Instruments In August 2020, the FASB issued ASU 2020-06, “ Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity ” which simplifies accounting for convertible instruments and the derivatives scope exception for contracts in an entity's own equity and improves and amends the related earnings per share (EPS) guidance. The Company adopted this pronouncement on July 1, 2022. The adoption of this accounting standard did not materially impact the Company’s condensed consolidated financial statements. Accounting Pronouncements To Be Adopted 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 condensed consolidated financial position, results of operations or cash flows. Reference Rate Reform In March 2020 and January 2021, the FASB issued ASU 2020-04, “ Facilitation of the Effects of Reference Rate Reform on Financial Reporting ” and ASU 2021-01, “ Reference Rate Reform: Scope ”, respectively. Together, the ASUs provide temporary optional expedients and exceptions for applying U.S. GAAP guidance on contract modifications and hedging relationships that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The Company’s exposure to LIBOR includes our revolving credit facility and secured term facility with JPMorgan Chase Bank, N.A., which uses LIBOR as a reference rate. However, these facilities provide for an alternative rate of interest if LIBOR is discontinued. These optional expedients and exceptions are effective beginning March 12, 2020 through December 31, 2022 and adoption is permitted at any time in the effective period. The Company is currently evaluating and assessing the impact these accounting standards will have on its condensed consolidated financial statements and related disclosures and if it will elect these optional standards.

LEASES

LEASES	3 Months Ended
	Sep. 30, 2022
Leases [Abstract]
LEASES	LEASES Lessee Accounting The Company has operating leases for office space, warehouses, and office equipment. At September 30, 2022, the Company has the following balances recorded in the balance sheet related to its lease arrangements: ($ in thousands) Balance Sheet Classification As of September 30, 2022 As of June 30, 2022 Assets: Operating lease right-of-use assets $ 2,076 $ 2,370 Liabilities: Current Accrued expenses $ 1,505 $ 1,538 Long-term Operating lease liabilities, non-current 2,030 2,366 Total lease liabilities $ 3,535 $ 3,904 Components of lease cost are as follows: ($ in thousands) Three months ended September 30, 2022 Three months ended September 30, 2021 Operating lease costs* $ 558 $ 442 * Includes short-term lease and variable lease costs, which are not material. Supplemental cash flow information and non-cash activity related to our leases are as follows: ($ in thousands) Three months ended September 30, 2022 Three months ended September 30, 2021 Supplemental cash flow information: Cash paid for amounts included in the measurement of operating lease liabilities $ 546 $ 480 Non-cash activity: Right-of-use assets obtained in exchange for lease obligations: Operating lease liabilities $ — $ 471 Maturities of lease liabilities by fiscal year for our leases are as follows: ($ in thousands) Operating 2023 1,324 2024 1,029 2025 707 2026 628 2027 265 Total lease payments $ 3,953 Less: Imputed interest (418) Present value of lease liabilities $ 3,535 Lessor Accounting Property and equipment used for the operating lease rental program consisted of the following: ($ in thousands) September 30, June 30, Cost $ 26,007 25,242 Accumulated depreciation (23,157) (22,914) Net $ 2,850 $ 2,328 The Company’s net investment in sales-type leases (carrying value of lease receivables) and the future minimum amounts to be collected on these lease receivables as of September 30, 2022 are disclosed within Note 6 - Finance Receivables.
LEASES	LEASES Lessee Accounting The Company has operating leases for office space, warehouses, and office equipment. At September 30, 2022, the Company has the following balances recorded in the balance sheet related to its lease arrangements: ($ in thousands) Balance Sheet Classification As of September 30, 2022 As of June 30, 2022 Assets: Operating lease right-of-use assets $ 2,076 $ 2,370 Liabilities: Current Accrued expenses $ 1,505 $ 1,538 Long-term Operating lease liabilities, non-current 2,030 2,366 Total lease liabilities $ 3,535 $ 3,904 Components of lease cost are as follows: ($ in thousands) Three months ended September 30, 2022 Three months ended September 30, 2021 Operating lease costs* $ 558 $ 442 * Includes short-term lease and variable lease costs, which are not material. Supplemental cash flow information and non-cash activity related to our leases are as follows: ($ in thousands) Three months ended September 30, 2022 Three months ended September 30, 2021 Supplemental cash flow information: Cash paid for amounts included in the measurement of operating lease liabilities $ 546 $ 480 Non-cash activity: Right-of-use assets obtained in exchange for lease obligations: Operating lease liabilities $ — $ 471 Maturities of lease liabilities by fiscal year for our leases are as follows: ($ in thousands) Operating 2023 1,324 2024 1,029 2025 707 2026 628 2027 265 Total lease payments $ 3,953 Less: Imputed interest (418) Present value of lease liabilities $ 3,535 Lessor Accounting Property and equipment used for the operating lease rental program consisted of the following: ($ in thousands) September 30, June 30, Cost $ 26,007 25,242 Accumulated depreciation (23,157) (22,914) Net $ 2,850 $ 2,328 The Company’s net investment in sales-type leases (carrying value of lease receivables) and the future minimum amounts to be collected on these lease receivables as of September 30, 2022 are disclosed within Note 6 - Finance Receivables.

REVENUES

REVENUES	3 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
REVENUES	REVENUES Based on similar operational characteristics, the Company's revenues are disaggregated as follows: Three months ended September 30, ($ in thousands) 2022 2021 Transaction fees $ 31,295 $ 26,421 Subscription fees 15,780 14,204 Subscription and transaction fees $ 47,075 $ 40,625 Equipment sales 10,707 5,155 Total revenues $ 57,782 $ 45,780 Contract Liabilities The Company’s contract liability (i.e., deferred revenue) balances are as follows: Three months ended September 30, Three months ended September 30, ($ in thousands) 2022 2021 Deferred revenue, beginning of the period $ 1,893 $ 1,763 Deferred revenue, end of the period 2,069 1,720 Revenue recognized in the period from amounts included in deferred revenue at the beginning of the period $ 106 $ 95 The change in the contract liability balances period-over-period is primarily the result of timing difference between the Company’s satisfaction of a performance obligation and payment from the customer. Contract Costs At September 30, 2022, the Company had net capitalized costs to obtain contracts of $0.5 million included in Prepaid expenses and other current assets and $2.4 million included in Other non-current assets on the Condensed Consolidated Balance Sheet. At June 30, 2022, the Company had net capitalized costs to obtain contracts of $0.5 million included in Prepaid expenses and other current assets and $2.3 million included in Other non-current assets on the Consolidated Balance Sheet. None of these capitalized contract costs were impaired. During the three months ended September 30, 2022, amortization of capitalized contract costs was $0.2 million. During the three months ended September 30, 2021, amortization of capitalized contract costs was $0.2 million. Future Performance Obligations The Company will recognize revenue in future periods related to remaining performance obligations for certain open contracts. Generally, these contracts have terms of one year or less. The amount of revenue related to unsatisfied performance obligations in which the original duration of the contract is greater than one year is not significant.

ACQUISITION

ACQUISITION	3 Months Ended
	Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]
ACQUISITION	ACQUISITION In August 2021, we completed the acquisition of certain assets and liabilities of Delicious Nutritious LLC, doing business as Yoke Payments (“Yoke”), a micro market payments company. The acquisition of Yoke was accounted for as a business combination using the acquisition method of accounting which includes the results of operations of the acquired business from the date of acquisition. The purchase price of the acquired company is allocated between tangible and intangible assets acquired and liabilities assumed from the acquired business based on their estimated fair values using primarily Level 3 inputs under ASC Topic 820, Fair Value Measurement , with the residual of the purchase price recorded as goodwill. Through the acquisition, Yoke’s point of sale platform will now extend its offering to provide self-checkout while seamlessly integrating with Cantaloupe’s inventory management and payment processing platforms. We plan to differentiate ourselves by providing a single platform to manage consumer and operational aspects of micro markets, while also integrating multiple service providers for flexibility and ultimate ease to our customers. The consideration transferred for the acquisition includes payments of $3 million in cash at the close of the transaction and $1 million in deferred cash payment due on or before July 30, 2022 based on the achievement of certain sales growth targets for software licenses. On July 27, 2022, the Company made the cash payment of $1 million in accordance with the requirements of the purchase agreement. Additionally in connection with the acquisition, the Company will issue common stock to the former owners of Yoke based on the achievement of certain sales growth targets for software licenses through July 31, 2024 and continued employment as of the respective measurement dates. The accounting treatment for these awards in the context of the business combination is to recognize the awards as a post-combination expense and were not included in the purchase price. We will begin recognizing compensation expense for these awards over the requisite service period when it becomes probable that the performance condition would be satisfied pursuant to ASC 718. At each reporting date, we assess the probability of achieving the sales targets and fulfilling the performance condition. As of September 30, 2022, we determined that it is not probable that the performance condition would be satisfied and, accordingly, have not recognized compensation expense related to these awards for the fiscal quarter ended September 30, 2022. The following table summarizes the total consideration paid for Yoke, total net assets acquired, identifiable assets and goodwill recognized at the acquisition date: ($ in thousands) Amount Consideration Cash $ 2,966 Contingent consideration arrangement $ 1,000 Fair value of total consideration transferred $ 3,966 Recognized amounts of identifiable assets Total net assets acquired $ 21 Identifiable intangible assets $ 1,235 Total identifiable net assets $ 1,256 Goodwill $ 2,710 Amounts allocated to identifiable intangible assets included $0.9 million related to developed technology, $0.3 million related to customer relationships, and $0.1 million related to other intangible assets. The fair value of the acquired developed technology was determined using a multi-period excess earnings method. The fair value of the acquired customer relationships was determined using the with-and-without method which estimates the value using the cash flow impact in a scenario where the customer relationships are not in place. The recognized intangible assets will be amortized on a straight-line basis over the estimated useful lives of the respective assets. Goodwill of $2.7 million arising from the acquisition includes the expected synergies between Yoke and the Company and intangible assets that do not qualify for separate recognition at the time of acquisition. The goodwill, which is deductible for income tax purposes, was assigned to the Company’s only reporting unit.

FINANCE RECEIVABLES

FINANCE RECEIVABLES	3 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
FINANCE RECEIVABLES	FINANCE RECEIVABLES The Company's finance receivables consist of financed devices under its QuickStart program. Predominately all of the Company’s finance receivables agreements are classified as non-cancellable sixty-month sales-type leases. As of September 30, 2022 and June 30, 2022, finance receivables consist of the following: ($ in thousands) September 30, June 30, Current finance receivables, net $ 6,594 $ 6,721 Finance receivables due after one year, net 14,809 14,727 Total finance receivables, net of allowance of $1,152 and $760, respectively $ 21,403 $ 21,448 We collect lease payments from customers primarily as part of the flow of funds from our transaction processing service. Balances are considered past due if customers do not have sufficient transaction revenue to cover the monthly lease payment by the end of the monthly billing period. The Company routinely monitors customer payment performance and uses prior payment performance as a measure to assess the capability of the customer to repay contractual obligations of the lease agreements as scheduled. On an as-needed basis, qualitative information may be taken into consideration if new information arises related to the customer’s ability to repay the lease. Credit risk for these receivables is continuously monitored by management and reflected within the allowance for finance receivables by aggregating leases with similar risk characteristics into pools that are collectively assessed. Because the Company’s lease contracts generally have similar terms, customer characteristics around transaction processing volume and sales were used to disaggregate the leases. Our key credit quality indicator is the amount of transaction revenue we process for each customer relative to their lease payment due, as we consider this customer characteristic to be the strongest predictor of the risk of customer default. Customers with low processing volume or with transaction sales that are insufficient to cover the lease payment are considered to be at a higher risk of customer default. Customers are pooled based on their ratio of gross sales to required monthly lease obligations. We categorize outstanding receivables into two categories: high ratio customers (customers who have adequate transaction processing volumes sufficient to cover monthly fees) and low ratio customers (customers that do not consistently have adequate transaction processing volumes sufficient to cover monthly fees). Using these two categories, we performed an analysis of historical write-offs to calculate reserve percentages by aging buckets for each category of customer. At September 30, 2022, the gross lease receivable by current payment performance on a contractual basis and year of origination consisted of the following: Leases by Origination ($ in thousands) Up to 1 Year Ago Between 1 and 2 Years Ago Between 2 and 3 Years Ago Between 3 and 4 Years Ago Between 4 and 5 Years Ago More than 5 Years Ago Total Current $ 9,011 $ 4,985 $ 1,780 $ 2,611 $ 2,798 $ 14 $ 21,199 30 days and under 37 29 37 36 16 — 155 31-60 days 18 21 32 26 92 — 189 61-90 days 9 24 32 26 95 — 186 Greater than 90 days 4 67 174 345 233 3 826 Total finance receivables $ 9,079 $ 5,126 $ 2,055 $ 3,044 $ 3,234 $ 17 $ 22,555 At June 30, 2022, the gross lease receivable by current payment performance on a contractual basis and year of origination consisted of the following: Leases by Origination ($ in thousands) Up to 1 Year Ago Between 1 and 2 Years Ago Between 2 and 3 Years Ago Between 3 and 4 Years Ago Between 4 and 5 Years Ago More than 5 Years Ago Total Current $ 7,451 $ 5,047 $ 2,758 $ 2,593 $ 2,807 $ 103 $ 20,759 30 days and under 18 10 32 56 94 3 213 31-60 days 25 23 26 58 100 — 232 61-90 days 25 14 20 46 91 — 196 Greater than 90 days 41 47 97 232 391 — 808 Total finance receivables $ 7,560 $ 5,141 $ 2,933 $ 2,985 $ 3,483 $ 106 $ 22,208 At September 30, 2022, credit quality indicators by year of origination consisted of the following: Leases by Origination ($ in thousands) Up to 1 Year Ago Between 1 and 2 Years Ago Between 2 and 3 Years Ago Between 3 and 4 Years Ago Between 4 and 5 Years Ago More than 5 Years Ago Total High ratio customers $ 9,075 $ 4,823 $ 1,729 $ 2,554 $ 2,867 $ 10 $ 21,058 Low ratio customers 4 303 326 490 367 7 1,497 Total finance receivables $ 9,079 $ 5,126 $ 2,055 $ 3,044 $ 3,234 $ 17 $ 22,555 At June 30, 2022, credit quality indicators by year of origination consisted of the following: Leases by Origination ($ in thousands) Up to 1 Year Ago Between 1 and 2 Years Ago Between 2 and 3 Years Ago Between 3 and 4 Years Ago Between 4 and 5 Years Ago More than 5 Years Ago Total High ratio customers $ 7,498 $ 4,853 $ 2,688 $ 2,623 $ 2,950 $ 102 $ 20,714 Low ratio customers 62 288 245 362 533 4 1,494 Total finance receivables $ 7,560 $ 5,141 $ 2,933 $ 2,985 $ 3,483 $ 106 $ 22,208 The following table represents a rollforward of the allowance for finance receivables for the three months ending September 30, 2022 and 2021: Three months ended September 30, Three months ended September 30, ($ in thousands) 2022 2021 Balance at June 30 $ 760 $ 1,109 Provision for expected losses 392 100 Balance at September 30 $ 1,152 $ 1,209 Cash to be collected on our performing finance receivables due for each of the fiscal years are as follows: ($ in thousands) 2023 $ 5,817 2024 7,106 2025 5,353 2026 3,933 2027 2,140 Thereafter 462 Total amounts to be collected 24,811 Less: interest (2,256) Less: allowance for receivables (1,152) Total finance receivables $ 21,403

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE	3 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
ACCOUNTS RECEIVABLE	ACCOUNTS RECEIVABLE Accounts receivable include amounts due to the Company for sales of equipment, other amounts due from customers, merchant service receivables, contract manufacturers, and unbilled amounts due from customers, net of the allowance for uncollectible accounts. Accounts receivable, net of the allowance for uncollectible accounts were $41.4 million as of September 30, 2022 and $37.7 million as of June 30, 2022. Accounts receivable from one contract manufacturer represented 17% and 16% of accounts receivable, as of September 30, 2022 and June 30, 2022, respectively. The Company maintains an allowance for doubtful accounts for losses resulting from the inability of its customers to make required payments, including from a shortfall in the customer transaction fund flow from which the Company would normally collect amounts due. The allowance is calculated under an expected loss model. We estimate our allowance using an aging analysis of the receivables balances, primarily based on historical loss experience. Furthermore, current conditions are analyzed on a quarterly basis as we reassess whether our receivables continue to exhibit similar risk characteristics as the prior measurement date, and determine if the reserve calculation needs to be adjusted for new developments, such as a customer’s inability to meet its financial obligations. The Company writes off receivable balances against the allowance for doubtful accounts when management determines the balance is uncollectible and the Company ceases collection efforts. The following table represents a rollforward of the allowance for doubtful accounts for the three months ending September 30, 2022 and 2021: Three months ended September 30, ($ in thousands) 2022 2021 Beginning balance of allowance as of June 30 $ 9,328 $ 7,715 Write-offs (127) — Provision for expected losses 1,044 312 Balance at September 30 $ 10,245 $ 8,027 The increase in the provision for expected losses for the three months ended September 30, 2022 was driven by an increase in the accounts receivable balances from additional equipment sales during the quarter and an increase in the aging profile of our outstanding accounts receivable balances. We have taken various steps with a focus on increasing collection effort to reduce outstanding accounts receivables such as hiring of additional accounts receivable personnel, reducing operational inefficiencies within our processes and moving customers to a transaction fund flow model for equipment sales.

LOSS PER SHARE CALCULATION

LOSS PER SHARE CALCULATION	3 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
LOSS PER SHARE CALCULATION	LOSS PER SHARE CALCULATION Basic loss per share is computed by dividing net loss by the weighted average number of common shares outstanding during the period. Diluted earnings per share, applicable only to years ended with reported income, is computed by dividing net income by the weighted average number of common shares outstanding during the period plus the dilutive effect of outstanding stock options and restricted stock-based awards using the treasury stock method. The calculation of basic and diluted loss per share is presented below: Three months ended ($ in thousands, except per share data) 2022 2021 Numerator for basic and diluted loss per share Net loss $ (8,574) $ (1,291) Preferred dividends (334) (334) Net loss applicable to common shareholders (8,908) (1,625) Denominator for basic loss per share - Weighted average shares outstanding 71,207,750 71,175,927 Effect of dilutive potential common shares — — Denominator for diluted loss per share - Adjusted weighted average shares outstanding 71,207,750 71,175,927 Basic and diluted loss per share $ (0.13) $ (0.02)

GOODWILL AND INTANGIBLES

GOODWILL AND INTANGIBLES	3 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLES	GOODWILL AND INTANGIBLES Intangible asset balances and goodwill consisted of the following: As of September 30, 2022 ($ in thousands) Gross Accumulated Net Amortization Intangible assets: Brand and tradenames $ 1,705 $ (1,201) $ 504 1 - 7 years Developed technology 11,819 (9,234) 2,585 5 - 6 years Customer relationships 19,339 (5,302) 14,037 5 - 18 years Total intangible assets $ 32,863 $ (15,737) $ 17,126 Goodwill 66,656 — 66,656 Indefinite As of June 30, 2022 ($ in thousands) Gross Accumulated Net Amortization Intangible assets: Brand and tradenames 1,705 (1,133) 572 1 - 7 years Developed technology 11,819 (8,761) 3,058 5 - 6 years Customer relationships 19,339 (5,022) 14,317 5 - 18 years Total intangible assets $ 32,863 $ (14,916) $ 17,947 Goodwill 66,656 — 66,656 Indefinite For the three months ended September 30, 2022 and September 30, 2021, there was $0.8 million for each respective period in amortization expense related to intangible assets that was recognized. The Company performs an annual goodwill impairment test on April 1 and more frequently if events and circumstances indicate that the asset might be impaired. The Company has determined that there is a single reporting unit for purposes of testing goodwill for impairment. During the three months ended September 30, 2022 and September 30, 2021, the Company did not recognize any impairment charges related to goodwill.

DEBT AND OTHER FINANCING ARRANG

DEBT AND OTHER FINANCING ARRANGEMENTS	3 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
DEBT AND OTHER FINANCING ARRANGEMENTS	DEBT AND OTHER FINANCING ARRANGEMENTS The Company's debt and other financing arrangements as of September 30, 2022 and June 30, 2022 consisted of the following: As of September 30, As of June 30, ($ in thousands) 2022 2022 JPMorgan Credit Facility* 14,625 14,813 Other obligations 65 70 Less: unamortized issuance costs and debt discount (240) (261) Total 14,450 14,622 Less: debt and other financing arrangements, current (693) (692) Debt and other financing arrangements, noncurrent $ 13,757 $ 13,930 * See discussion below on amendment to the JPMorgan Credit Facility. Details of interest expense presented on the Condensed Consolidated Statements of Operations are as follows: Three months ended September 30, ($ in thousands) 2022 2021 JPMorgan Credit Facility* 278 230 Other interest expense 199 248 Total interest expense $ 477 $ 478 * See discussion below on amendment to the JPMorgan Credit Facility. JPMorgan Chase Bank Credit Agreement JP Morgan Agreement dated August 14, 2020 and amendment dated March 2, 2021 On August 14, 2020, the Company repaid all amounts outstanding under the $30.0 million senior secured term loan facility (“2020 Antara Term Facility”) with Antara Capital Master Fund LP (“Antara”) and entered into a credit agreement (the “2021 JPMorgan Credit Agreement”) with JPMorgan Chase Bank, N.A (“JPMorgan”). The 2021 JPMorgan Credit Agreement provides for a $5 million secured revolving credit facility (the “2021 JPMorgan Revolving Facility”) and a $15 million secured term facility (the “2021 JPMorgan Secured Term Facility” and together with the 2021 JPMorgan Revolving Facility, as amended, the “2021 JPMorgan Credit Facility”), which included an uncommitted expansion feature that allowed the Company to increase the total revolving commitments and/or add new tranches of term loans in an aggregate amount not to exceed $5 million. The 2021 JPMorgan Credit Facility has a three year maturity, with interest determined, at the Company’s option, on a base rate of LIBOR or Prime Rate plus an applicable spread tied to the Company’s total leverage ratio and having ranges between 2.75% and 3.75% for Prime rate loans and between 3.75% and 4.75% for LIBOR rate loans. In the event of default, the interest rate may be increased by 2.00%. The 2021 JPMorgan Credit Facility carries a commitment fee of 0.50% per annum on the unused portion. From August 14, 2020 through March 2, 2021, the applicable interest rate was Prime Rate plus 3.75%. On March 2, 2021, the Company entered into an amendment (the “First Amendment”) to the 2021 JPMorgan Credit Facility lowering the interest rate charged to the Company. In conjunction with the First Amendment, the Company elected to convert its loans to a Eurodollar borrowing which is subject to a LIBOR based interest rate. The Company’s obligations under the 2021 JPMorgan Credit Facility were secured by first priority security interests in substantially all of the assets of the Company. The 2021 JPMorgan Credit Agreement included customary representations, warranties and covenants, and acceleration, indemnity and events of default provisions, including a financial covenant requiring the Company to maintain an adjusted quick ratio of not less than 2.75 to 1.00 beginning January 1, 2021, and not less than 3.00 to 1.00 beginning April 1, 2021, and a financial covenant requiring the Company to maintain, as of the end of each of its fiscal quarters commencing with the fiscal quarter ended December 31, 2021, a total leverage ratio of not greater than 3.00 to 1.00. JP Morgan amended and restated Credit Agreement dated March 17, 2022 On March 17, 2022, the Company entered into an amended and restated credit agreement with JPMorgan Chase Bank, N.A. which provides for a $15 million secured revolving credit facility (the “Amended Revolving Facility”) and a $25 million secured term facility (the “Amended Secured Term Facility” and together with the Amended Revolving Facility, the “Amended JPMorgan Credit Facility”), and fully replaces our previous 2021 JPMorgan Credit Facility. The Amended Secured Term Facility includes a $10 million increase from the 2021 JPMorgan Secured Term Facility which is available for a period of up to twelve months following the Closing Date. The proceeds of the Amended JPMorgan Credit Facility may be used to refinance certain existing indebtedness of the Company and its subsidiaries, to finance the working capital needs, and for general corporate purposes (including permitted acquisitions), of the Company and its subsidiaries. The Amended JPMorgan Credit Facility has a four year maturity. Interest on the Amended JPMorgan Credit Facility will be based, at the Company’s option, on a base rate or SOFR plus an applicable margin tied to the Company’s total leverage ratio and having ranges of between 2.50% and 3.00% for base rate loans and between 3.50% and 4.00% for SOFR loans; provided that until June 30, 2022 the applicable margin shall be 2.75% for base rate loans and 3.75% for SOFR loans. Subject to the occurrence of a material acquisition and the Company’s total leverage ratio exceeding 3.00 to 1.00, the interest rate on the loans may increase by 0.25%. In an event of default, the interest rate may be increased by 2.00%. The Amended JPMorgan Credit Facility will also carry a commitment fee of 0.50% per annum on the unused portion. As of September 30, 2022, the total applicable interest rate for the Amended Secured Term Facility is 6.3%. The Amended JPMorgan Credit Facility includes customary representations, warranties and covenants, and acceleration, indemnity and events of default provisions, including, among other things, two financial covenants. One financial covenant requires the Company to maintain, at all times, a total leverage ratio of not more than 3.00 to 1.00 on the last day of any fiscal quarter. The other financial covenant is conditional on a material acquisition occurring: if a material acquisition occurs, the Company is required to maintain a total leverage ratio not greater than 4.00 to 1.00 for the next four fiscal quarters following the material acquisition. The Amended Secured Term Facility was accounted for as a modification of the 2021 JPMorgan Secured Term Facility. The previously unamortized debt issuance costs remain capitalized, the new fees paid to the creditor were capitalized, and allocated third-party costs incurred allocated to the term facility were charged to expense. We have also evaluated that the borrowing capacity of the Amended Revolving Facility is greater than the borrowing capacity of the 2021 JPMorgan Revolving Facility. The previously unamortized debt issuance costs remain capitalized, the new fees paid to the creditor and allocated third-party costs were capitalized. The Company capitalized $0.3 million of issuance costs related to the Amended JPMorgan Credit Facility during the year-ended June 30, 2022. The Company was in compliance with its financial covenants for the Amended JPMorgan Credit Facility as of September 30, 2022. References to "JPMorgan Credit Facility" in the Condensed Consolidated Financial Statements and related notes, Management’s Discussion and Analysis of Financial Condition and Results of Operations and other parts of the Form 10-Q specifically refers to the 2021 JPMorgan Credit Facility prior to March 17, 2022 and to the Amended JPMorgan Credit Facility subsequent to and as of March 17, 2022.

ACCRUED EXPENSES

ACCRUED EXPENSES	3 Months Ended
	Sep. 30, 2022
Payables and Accruals [Abstract]
ACCRUED EXPENSES	ACCRUED EXPENSESAccrued expenses consisted of the following as of September 30, 2022 and June 30, 2022: As of September 30, As of June 30, ($ in thousands) 2022 2022 Sales tax reserve $ 14,889 $ 14,694 Accrued compensation and related sales commissions 1,451 3,289 Operating lease liabilities, current 1,505 1,538 Accrued professional fees 5,781 4,200 Accrued taxes and filing fees payable 2,625 2,036 Contingent consideration arrangement for the Yoke acquisition* — 1,000 Other accrued expenses 1,125 1,397 Total accrued expenses $ 27,376 $ 28,154 * See Note 5 - Acquisition for description of the contingent consideration arrangement.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXESFor the three months ended September 30, 2022, the Company recorded an income tax provision of $26 thousand. As of September 30, 2022, the Company reviewed the existing deferred tax assets and continues to record a full valuation against its deferred tax assets. The income tax provisions primarily relate to the Company's uncertain tax positions, as well as state income and franchise taxes. As of September 30, 2022, the Company had a total unrecognized income tax benefit of $0.6 million. The provision is based upon actual loss before income taxes for the three months ended September 30, 2022, as the use of an estimated annual effective income tax rate does not provide a reliable estimate of the income tax provision. For the three months ended September 30, 2021, the Company recorded an income tax provision of $89 thousand. As of September 30, 2021, the Company reviewed the existing deferred tax assets and continues to record a full valuation against its deferred tax assets.

EQUITY

EQUITY	3 Months Ended
	Sep. 30, 2022
Equity [Abstract]
EQUITY	EQUITY STOCK OPTIONS The Company estimates the grant date fair value of the stock options with service conditions (i.e., a condition that requires an employee to render services to the Company for a stated period of time to vest) it grants using a Black-Scholes valuation model. The Company’s assumption for expected volatility is based on its historical volatility data related to market trading of its own common stock. The Company uses the simplified method to determine expected term, as the Company does not have adequate historical exercise and forfeiture behavior on which to base the expected life assumption. The dividend yield assumption is based on dividends expected to be paid over the expected life of the stock option. The risk-free interest rate assumption is determined by using the U.S. Treasury rates of the same period as the expected option term of each stock option. No stock options were granted during the three months ended September 30, 2021. The fair value of options granted during the three months ended September 30, 2022 were determined using the following assumptions and includes only options with an established grant date under ASC 718: Three months ended September 30, 2022 Expected volatility (percent) 74.6% - 75.1% Weighted average expected life (years) 4.5 Dividend yield (percent) 0.0 % Risk-free interest rate (percent) 2.7% - 3.2% Number of options granted 600,000 Weighted average exercise price $ 6.51 Weighted average grant date fair value $ 3.91 Stock based compensation related to stock options with an established grant date for the three months ended September 30, 2022 and 2021 was $1.0 million and $0.8 million, respectively. Performance based awards The Company has awarded stock options to certain executives which vest each year over a three For these performance based awards that provide discretion to the Compensation Committee, a mutual understanding of the key terms and conditions between the Company and the employees have not yet been met and a "Grant Date" as defined in ASC Topic 718 Compensation — Stock Compensation , has not been established. When the service period begins prior to the grant date, the Company begins recognizing compensation cost before there is a grant date. The Company estimates the award's fair value at each reporting period for these equity classified awards, until the grant date, utilizing a Monte Carlo simulation valuation model. The total expense recognized for the three months ended September 30, 2022 and September 30, 2021 for these awards was $(0.2) million and $0.6 million, respectively. COMMON STOCK AWARDS Two employees of Hudson Executive, a greater than 10% shareholder and a related party of the Company, entered into consulting agreements with the Company in August and September of 2020, respectively, under which the consultants provided financial and strategic analysis and advisory services to the Company's CEO through July 31, 2021. As consideration for the services, in March 2021 the consultants were granted a total of 80,000 restricted stock units. In September 2021, the Company extended these consulting agreements through July 31, 2022 and, in connection therewith, the consultants were granted an additional 20,000 restricted stock units. On February 2, 2022, the Board of Directors of the Company appointed one of the above mentioned employees of Hudson Executive as a director of the Company, effective immediately. In connection with the appointment to the Board, the consulting agreement for that individual was terminated, effective February 2, 2022. The total expense recognized for the three months ended September 30, 2022 and September 30, 2021 for these consulting agreements was immaterial. The total expense recognized for common stock awards (excluding the consulting agreement described separately above) for the three months ended September 30, 2022 and 2021 was $0.5 million and $0.4 million, respectively. PREFERRED STOCK During the three months ended September 30, 2022, the Company retired 59,281 shares of its Series A convertible preferred stock that it purchased for an aggregate amount of approximately $2.45 million. The repurchase transaction was primarily accounted for as an extinguishment of preferred stock and recorded as a decrease to the carrying value of the preferred stock in the amount of $0.42 million and common stock of $1.73 million for an aggregate amount of $2.15 million that was included within the Cash flows from financing activities in the Condensed Consolidated Statements of Cash Flows.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES LITIGATION We are a party to litigation and other proceedings that arise in the ordinary course of our business. These types of matters could result in fines, penalties, compensatory or treble damages or non-monetary sanctions or relief. In accordance with the accounting guidance for contingencies, we reserve for litigation claims and assessments asserted or threatened against us when a loss is probable and the amount of the loss can be reasonably estimated. We cannot predict the outcome of legal or other proceedings with certainty. Securities and Exchange Commission (“SEC”) Inquiries Since fiscal year 2019, the Company has received inquiries from the SEC into the facts and circumstances of the 2019 Investigation and has fully cooperated with these inquiries. Leases The Company has entered into various operating lease obligations. See Note 3 - Leases for additional information. Purchase Commitments

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Sep. 30, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS A member of our Board of Directors serves as a strategic advisor to a consulting firm that we utilize for payments analytics and advisory services. These services are utilized by the Company to reduce the cost of our interchange and other processing fees charged by payment processors and credit card networks. As consideration for the services, we pay the consulting firm a success fee based on the savings realized by the Company and a recurring monthly subscription fee for the analytics services. The total expense recognized within Cost of subscription and transaction fees for the three months ended September 30, 2022 and 2021 for these arrangements was $0.1 million and $0.3 million, respectively. See Note 13 - Equity for information on transactions relating to Hudson Executive.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation and Preparation	Basis of Presentation and Preparation The accompanying unaudited condensed consolidated financial statements of the Company 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 June 30, 2022 Annual Report on Form 10-K.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements Lessor Classification In July 2021, the FASB issued ASU 2021-05, “ Lessors – Certain Leases with Variable Lease Payments ” which requires lessors to classify leases as operating leases if they have variable lease payments that do not depend on an index or rate and would have selling losses if they were classified as sales-type or direct financing leases. The Company adopted this pronouncement on July 1, 2022. The adoption of this accounting standard did not materially impact the Company’s condensed consolidated financial statements. Accounting for Debt and Equity Instruments In August 2020, the FASB issued ASU 2020-06, “ Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity ” which simplifies accounting for convertible instruments and the derivatives scope exception for contracts in an entity's own equity and improves and amends the related earnings per share (EPS) guidance. The Company adopted this pronouncement on July 1, 2022. The adoption of this accounting standard did not materially impact the Company’s condensed consolidated financial statements. Accounting Pronouncements To Be Adopted 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 condensed consolidated financial position, results of operations or cash flows. Reference Rate Reform In March 2020 and January 2021, the FASB issued ASU 2020-04, “ Facilitation of the Effects of Reference Rate Reform on Financial Reporting ” and ASU 2021-01, “ Reference Rate Reform: Scope ”, respectively. Together, the ASUs provide temporary optional expedients and exceptions for applying U.S. GAAP guidance on contract modifications and hedging relationships that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The Company’s exposure to LIBOR includes our revolving credit facility and secured term facility with JPMorgan Chase Bank, N.A., which uses LIBOR as a reference rate. However, these facilities provide for an alternative rate of interest if LIBOR is discontinued. These optional expedients and exceptions are effective beginning March 12, 2020 through December 31, 2022 and adoption is permitted at any time in the effective period. The Company is currently evaluating and assessing the impact these accounting standards will have on its condensed consolidated financial statements and related disclosures and if it will elect these optional standards.

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Assets and Liabilities	At September 30, 2022, the Company has the following balances recorded in the balance sheet related to its lease arrangements: ($ in thousands) Balance Sheet Classification As of September 30, 2022 As of June 30, 2022 Assets: Operating lease right-of-use assets $ 2,076 $ 2,370 Liabilities: Current Accrued expenses $ 1,505 $ 1,538 Long-term Operating lease liabilities, non-current 2,030 2,366 Total lease liabilities $ 3,535 $ 3,904
Lease Costs	Components of lease cost are as follows: ($ in thousands) Three months ended September 30, 2022 Three months ended September 30, 2021 Operating lease costs* $ 558 $ 442 * Includes short-term lease and variable lease costs, which are not material. Supplemental cash flow information and non-cash activity related to our leases are as follows: ($ in thousands) Three months ended September 30, 2022 Three months ended September 30, 2021 Supplemental cash flow information: Cash paid for amounts included in the measurement of operating lease liabilities $ 546 $ 480 Non-cash activity: Right-of-use assets obtained in exchange for lease obligations: Operating lease liabilities $ — $ 471
Maturities of Lease Liabilities, Operating Leases	Maturities of lease liabilities by fiscal year for our leases are as follows: ($ in thousands) Operating 2023 1,324 2024 1,029 2025 707 2026 628 2027 265 Total lease payments $ 3,953 Less: Imputed interest (418) Present value of lease liabilities $ 3,535
Property, Plant, and Equipment, Lessor Asset under Operating Lease	Property and equipment used for the operating lease rental program consisted of the following: ($ in thousands) September 30, June 30, Cost $ 26,007 25,242 Accumulated depreciation (23,157) (22,914) Net $ 2,850 $ 2,328

REVENUES (Tables)

REVENUES (Tables)	3 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Based on similar operational characteristics, the Company's revenues are disaggregated as follows: Three months ended September 30, ($ in thousands) 2022 2021 Transaction fees $ 31,295 $ 26,421 Subscription fees 15,780 14,204 Subscription and transaction fees $ 47,075 $ 40,625 Equipment sales 10,707 5,155 Total revenues $ 57,782 $ 45,780
Contract Liability	The Company’s contract liability (i.e., deferred revenue) balances are as follows: Three months ended September 30, Three months ended September 30, ($ in thousands) 2022 2021 Deferred revenue, beginning of the period $ 1,893 $ 1,763 Deferred revenue, end of the period 2,069 1,720 Revenue recognized in the period from amounts included in deferred revenue at the beginning of the period $ 106 $ 95

ACQUISITION (Tables)

ACQUISITION (Tables)	3 Months Ended
	Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Business Acquisitions, by Acquisition	The following table summarizes the total consideration paid for Yoke, total net assets acquired, identifiable assets and goodwill recognized at the acquisition date: ($ in thousands) Amount Consideration Cash $ 2,966 Contingent consideration arrangement $ 1,000 Fair value of total consideration transferred $ 3,966 Recognized amounts of identifiable assets Total net assets acquired $ 21 Identifiable intangible assets $ 1,235 Total identifiable net assets $ 1,256 Goodwill $ 2,710

FINANCE RECEIVABLES (Tables)

FINANCE RECEIVABLES (Tables)	3 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
Schedule of Finance Receivables	As of September 30, 2022 and June 30, 2022, finance receivables consist of the following: ($ in thousands) September 30, June 30, Current finance receivables, net $ 6,594 $ 6,721 Finance receivables due after one year, net 14,809 14,727 Total finance receivables, net of allowance of $1,152 and $760, respectively $ 21,403 $ 21,448
Schedule of Credit Quality Indicators	At September 30, 2022, the gross lease receivable by current payment performance on a contractual basis and year of origination consisted of the following: Leases by Origination ($ in thousands) Up to 1 Year Ago Between 1 and 2 Years Ago Between 2 and 3 Years Ago Between 3 and 4 Years Ago Between 4 and 5 Years Ago More than 5 Years Ago Total Current $ 9,011 $ 4,985 $ 1,780 $ 2,611 $ 2,798 $ 14 $ 21,199 30 days and under 37 29 37 36 16 — 155 31-60 days 18 21 32 26 92 — 189 61-90 days 9 24 32 26 95 — 186 Greater than 90 days 4 67 174 345 233 3 826 Total finance receivables $ 9,079 $ 5,126 $ 2,055 $ 3,044 $ 3,234 $ 17 $ 22,555 At June 30, 2022, the gross lease receivable by current payment performance on a contractual basis and year of origination consisted of the following: Leases by Origination ($ in thousands) Up to 1 Year Ago Between 1 and 2 Years Ago Between 2 and 3 Years Ago Between 3 and 4 Years Ago Between 4 and 5 Years Ago More than 5 Years Ago Total Current $ 7,451 $ 5,047 $ 2,758 $ 2,593 $ 2,807 $ 103 $ 20,759 30 days and under 18 10 32 56 94 3 213 31-60 days 25 23 26 58 100 — 232 61-90 days 25 14 20 46 91 — 196 Greater than 90 days 41 47 97 232 391 — 808 Total finance receivables $ 7,560 $ 5,141 $ 2,933 $ 2,985 $ 3,483 $ 106 $ 22,208 At September 30, 2022, credit quality indicators by year of origination consisted of the following: Leases by Origination ($ in thousands) Up to 1 Year Ago Between 1 and 2 Years Ago Between 2 and 3 Years Ago Between 3 and 4 Years Ago Between 4 and 5 Years Ago More than 5 Years Ago Total High ratio customers $ 9,075 $ 4,823 $ 1,729 $ 2,554 $ 2,867 $ 10 $ 21,058 Low ratio customers 4 303 326 490 367 7 1,497 Total finance receivables $ 9,079 $ 5,126 $ 2,055 $ 3,044 $ 3,234 $ 17 $ 22,555 At June 30, 2022, credit quality indicators by year of origination consisted of the following: Leases by Origination ($ in thousands) Up to 1 Year Ago Between 1 and 2 Years Ago Between 2 and 3 Years Ago Between 3 and 4 Years Ago Between 4 and 5 Years Ago More than 5 Years Ago Total High ratio customers $ 7,498 $ 4,853 $ 2,688 $ 2,623 $ 2,950 $ 102 $ 20,714 Low ratio customers 62 288 245 362 533 4 1,494 Total finance receivables $ 7,560 $ 5,141 $ 2,933 $ 2,985 $ 3,483 $ 106 $ 22,208
Financing Receivable, Allowance for Credit Loss	The following table represents a rollforward of the allowance for finance receivables for the three months ending September 30, 2022 and 2021: Three months ended September 30, Three months ended September 30, ($ in thousands) 2022 2021 Balance at June 30 $ 760 $ 1,109 Provision for expected losses 392 100 Balance at September 30 $ 1,152 $ 1,209
Schedule of Cash To Be Collected On Performing Financing Receivable	Cash to be collected on our performing finance receivables due for each of the fiscal years are as follows: ($ in thousands) 2023 $ 5,817 2024 7,106 2025 5,353 2026 3,933 2027 2,140 Thereafter 462 Total amounts to be collected 24,811 Less: interest (2,256) Less: allowance for receivables (1,152) Total finance receivables $ 21,403

ACCOUNTS RECEIVABLE (Tables)

ACCOUNTS RECEIVABLE (Tables)	3 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
Schedule of Rollforward of Allowance for Doubtful Accounts	The following table represents a rollforward of the allowance for doubtful accounts for the three months ending September 30, 2022 and 2021: Three months ended September 30, ($ in thousands) 2022 2021 Beginning balance of allowance as of June 30 $ 9,328 $ 7,715 Write-offs (127) — Provision for expected losses 1,044 312 Balance at September 30 $ 10,245 $ 8,027

LOSS PER SHARE CALCULATION (Tab

LOSS PER SHARE CALCULATION (Tables)	3 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Schedule Of Basic and Diluted Loss Per Share	The calculation of basic and diluted loss per share is presented below: Three months ended ($ in thousands, except per share data) 2022 2021 Numerator for basic and diluted loss per share Net loss $ (8,574) $ (1,291) Preferred dividends (334) (334) Net loss applicable to common shareholders (8,908) (1,625) Denominator for basic loss per share - Weighted average shares outstanding 71,207,750 71,175,927 Effect of dilutive potential common shares — — Denominator for diluted loss per share - Adjusted weighted average shares outstanding 71,207,750 71,175,927 Basic and diluted loss per share $ (0.13) $ (0.02)

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	3 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule Of Intangible Asset Balances	Intangible asset balances and goodwill consisted of the following: As of September 30, 2022 ($ in thousands) Gross Accumulated Net Amortization Intangible assets: Brand and tradenames $ 1,705 $ (1,201) $ 504 1 - 7 years Developed technology 11,819 (9,234) 2,585 5 - 6 years Customer relationships 19,339 (5,302) 14,037 5 - 18 years Total intangible assets $ 32,863 $ (15,737) $ 17,126 Goodwill 66,656 — 66,656 Indefinite As of June 30, 2022 ($ in thousands) Gross Accumulated Net Amortization Intangible assets: Brand and tradenames 1,705 (1,133) 572 1 - 7 years Developed technology 11,819 (8,761) 3,058 5 - 6 years Customer relationships 19,339 (5,022) 14,317 5 - 18 years Total intangible assets $ 32,863 $ (14,916) $ 17,947 Goodwill 66,656 — 66,656 Indefinite

DEBT AND OTHER FINANCING ARRA_2

DEBT AND OTHER FINANCING ARRANGEMENTS (Tables)	3 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Schedule Of Long-Term Debt Instruments	The Company's debt and other financing arrangements as of September 30, 2022 and June 30, 2022 consisted of the following: As of September 30, As of June 30, ($ in thousands) 2022 2022 JPMorgan Credit Facility* 14,625 14,813 Other obligations 65 70 Less: unamortized issuance costs and debt discount (240) (261) Total 14,450 14,622 Less: debt and other financing arrangements, current (693) (692) Debt and other financing arrangements, noncurrent $ 13,757 $ 13,930 * See discussion below on amendment to the JPMorgan Credit Facility. Details of interest expense presented on the Condensed Consolidated Statements of Operations are as follows: Three months ended September 30, ($ in thousands) 2022 2021 JPMorgan Credit Facility* 278 230 Other interest expense 199 248 Total interest expense $ 477 $ 478 * See discussion below on amendment to the JPMorgan Credit Facility.

ACCRUED EXPENSES (Tables)

ACCRUED EXPENSES (Tables)	3 Months Ended
	Sep. 30, 2022
Payables and Accruals [Abstract]
Schedule of Accrued Expenses	Accrued expenses consisted of the following as of September 30, 2022 and June 30, 2022: As of September 30, As of June 30, ($ in thousands) 2022 2022 Sales tax reserve $ 14,889 $ 14,694 Accrued compensation and related sales commissions 1,451 3,289 Operating lease liabilities, current 1,505 1,538 Accrued professional fees 5,781 4,200 Accrued taxes and filing fees payable 2,625 2,036 Contingent consideration arrangement for the Yoke acquisition* — 1,000 Other accrued expenses 1,125 1,397 Total accrued expenses $ 27,376 $ 28,154 * See Note 5 - Acquisition for description of the contingent consideration arrangement.

EQUITY (Tables)

EQUITY (Tables)	3 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Schedule Of Stock Option Granted Weighted Average Assumptions	The fair value of options granted during the three months ended September 30, 2022 were determined using the following assumptions and includes only options with an established grant date under ASC 718: Three months ended September 30, 2022 Expected volatility (percent) 74.6% - 75.1% Weighted average expected life (years) 4.5 Dividend yield (percent) 0.0 % Risk-free interest rate (percent) 2.7% - 3.2% Number of options granted 600,000 Weighted average exercise price $ 6.51 Weighted average grant date fair value $ 3.91

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details)	3 Months Ended
	Sep. 30, 2022 segment
Accounting Policies [Abstract]
Number of operating segments	1

LEASES - Assets and Liabilities

LEASES - Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Assets:
Operating lease right-of-use assets	$ 2,076	$ 2,370
Liabilities:
Operating lease liabilities, accrued expenses	$ 1,505	$ 1,538
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued Liabilities, Current	Accrued Liabilities, Current
Operating lease liabilities, non-current	$ 2,030	$ 2,366
Total lease liabilities	$ 3,535	$ 3,904

LEASES - Components of Lease Co

LEASES - Components of Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Leases [Abstract]
Operating lease costs	$ 558	$ 442

LEASES - Supplemental Cash Flow

LEASES - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Leases [Abstract]
Cash paid for amounts included in the measurement of operating lease liabilities	$ 546	$ 480
Right-of-use assets obtained in exchange for operating lease liabilities	$ 0	$ 471

LEASES - Maturities of Lease Li

LEASES - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Operating Leases
2023	$ 1,324
2024	1,029
2025	707
2026	628
2027	265
Total lease payments	3,953
Less: Imputed interest	(418)
Present value of lease liabilities	$ 3,535	$ 3,904

LEASES - Property and Equipment

LEASES - Property and Equipment Costs (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Leases [Abstract]
Cost	$ 26,007	$ 25,242
Accumulated depreciation	(23,157)	(22,914)
Net	$ 2,850	$ 2,328

REVENUES - Schedule of Revenue

REVENUES - Schedule of Revenue by (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Revenue	$ 57,782	$ 45,780
Subscription and transaction fees
Disaggregation of Revenue [Line Items]
Revenue	47,075	40,625
Transaction fees
Disaggregation of Revenue [Line Items]
Revenue	31,295	26,421
Subscription fees
Disaggregation of Revenue [Line Items]
Revenue	15,780	14,204
Equipment sales
Disaggregation of Revenue [Line Items]
Revenue	$ 10,707	$ 5,155

REVENUES - Additional Informati

REVENUES - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Capitalized costs, amortization	$ 0.2	$ 0.2
Prepaid Expenses and Other Current Assets
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Capitalized costs	0.5		$ 0.5
Other Noncurrent Assets
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Capitalized costs	$ 2.4		$ 2.3

REVENUES - Contract Liability (

REVENUES - Contract Liability (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Deferred revenue	$ 2,069	$ 1,720	$ 1,893	$ 1,763
Revenue recognized in the period from amounts included in deferred revenue at the beginning of the period	$ 106	$ 95

ACQUISITION - Additional Inform

ACQUISITION - Additional Information (Details) - USD ($) $ in Thousands		1 Months Ended	3 Months Ended
	Jul. 27, 2022	Aug. 31, 2021	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022
Business Acquisition [Line Items]
Cash paid for acquisition			$ 0	$ 2,900
Goodwill			$ 66,656		$ 66,656
Yoke
Business Acquisition [Line Items]
Cash paid for acquisition	$ 1,000	$ 3,000
Deferred cash payment		1,000
Goodwill		2,710
Customer relationships | Yoke
Business Acquisition [Line Items]
Intangible assets acquired		300
Developed Technology | Yoke
Business Acquisition [Line Items]
Intangible assets acquired		900
Trade names | Yoke
Business Acquisition [Line Items]
Intangible assets acquired		$ 100

ACQUISITION - Schedule of total

ACQUISITION - Schedule of total consideration paid for acquisition (Details) - USD ($) $ in Thousands	1 Months Ended
	Aug. 31, 2021	Sep. 30, 2022	Jun. 30, 2022
Recognized amounts of identifiable assets
Goodwill		$ 66,656	$ 66,656
Yoke
Consideration
Cash paid for acquisitions	$ 2,966
Total net assets acquired	1,000
Fair value of total consideration transferred	3,966
Recognized amounts of identifiable assets
Total net assets acquired	21
Identifiable intangible assets	1,235
Total identifiable net assets	1,256
Goodwill	$ 2,710

FINANCE RECEIVABLES - Narrative

FINANCE RECEIVABLES - Narrative (Details)	3 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
Finance receivables, lease term	60 months

FINANCE RECEIVABLES - Informati

FINANCE RECEIVABLES - Information Regarding Finance Receivables (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2021	Jun. 30, 2021
Receivables [Abstract]
Current finance receivables, net	$ 6,594	$ 6,721
Finance receivables due after one year, net	14,809	14,727
Total finance receivables	21,403	21,448
Finance receivable, allowance	$ 1,152	$ 760	$ 1,209	$ 1,109

FINANCE RECEIVABLES - Schedule

FINANCE RECEIVABLES - Schedule by Year of Origination (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Up to 1 Year Ago	$ 9,079	$ 7,560
Between 1 and 2 Years Ago	5,126	5,141
Between 2 and 3 Years Ago	2,055	2,933
Between 3 and 4 Years Ago	3,044	2,985
Between 4 and 5 Years Ago	3,234	3,483
More than 5 Years Ago	17	106
Total	22,555	22,208
High ratio customers
Financing Receivable, Credit Quality Indicator [Line Items]
Up to 1 Year Ago	9,075	7,498
Between 1 and 2 Years Ago	4,823	4,853
Between 2 and 3 Years Ago	1,729	2,688
Between 3 and 4 Years Ago	2,554	2,623
Between 4 and 5 Years Ago	2,867	2,950
More than 5 Years Ago	10	102
Total	21,058	20,714
Low ratio customers
Financing Receivable, Credit Quality Indicator [Line Items]
Up to 1 Year Ago	4	62
Between 1 and 2 Years Ago	303	288
Between 2 and 3 Years Ago	326	245
Between 3 and 4 Years Ago	490	362
Between 4 and 5 Years Ago	367	533
More than 5 Years Ago	7	4
Total	1,497	1,494
Current
Financing Receivable, Credit Quality Indicator [Line Items]
Up to 1 Year Ago	9,011	7,451
Between 1 and 2 Years Ago	4,985	5,047
Between 2 and 3 Years Ago	1,780	2,758
Between 3 and 4 Years Ago	2,611	2,593
Between 4 and 5 Years Ago	2,798	2,807
More than 5 Years Ago	14	103
Total	21,199	20,759
30 days and under
Financing Receivable, Credit Quality Indicator [Line Items]
Up to 1 Year Ago	37	18
Between 1 and 2 Years Ago	29	10
Between 2 and 3 Years Ago	37	32
Between 3 and 4 Years Ago	36	56
Between 4 and 5 Years Ago	16	94
More than 5 Years Ago	0	3
Total	155	213
31-60 days
Financing Receivable, Credit Quality Indicator [Line Items]
Up to 1 Year Ago	18	25
Between 1 and 2 Years Ago	21	23
Between 2 and 3 Years Ago	32	26
Between 3 and 4 Years Ago	26	58
Between 4 and 5 Years Ago	92	100
More than 5 Years Ago	0	0
Total	189	232
61-90 days
Financing Receivable, Credit Quality Indicator [Line Items]
Up to 1 Year Ago	9	25
Between 1 and 2 Years Ago	24	14
Between 2 and 3 Years Ago	32	20
Between 3 and 4 Years Ago	26	46
Between 4 and 5 Years Ago	95	91
More than 5 Years Ago	0	0
Total	186	196
Greater than 90 days
Financing Receivable, Credit Quality Indicator [Line Items]
Up to 1 Year Ago	4	41
Between 1 and 2 Years Ago	67	47
Between 2 and 3 Years Ago	174	97
Between 3 and 4 Years Ago	345	232
Between 4 and 5 Years Ago	233	391
More than 5 Years Ago	3	0
Total	$ 826	$ 808

FINANCE RECEIVABLES - Schedul_2

FINANCE RECEIVABLES - Schedule of Credit Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 760	$ 1,109
Financing Receivable, Credit Loss, Expense (Reversal)	392	100
Ending balance	$ 1,152	$ 1,209

FINANCE RECEIVABLES - Summary o

FINANCE RECEIVABLES - Summary of Finance receivables Fiscal Years (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2021	Jun. 30, 2021
Receivables [Abstract]
2023	$ 5,817
2024	7,106
2025	5,353
2026	3,933
2027	2,140
Thereafter	462
Total amounts to be collected	24,811
Less: interest	(2,256)
Less: allowance for receivables	(1,152)	$ (760)	$ (1,209)	$ (1,109)
Total finance receivables	$ 21,403	$ 21,448

ACCOUNTS RECEIVABLE - Additiona

ACCOUNTS RECEIVABLE - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2022	Jun. 30, 2022
Financing Receivable, Allowance for Credit Loss [Line Items]
Accounts receivable, increase	$ 41,353	$ 37,695
Accounts Receivable | Credit Concentration Risk | Contract Manufacturer One
Financing Receivable, Allowance for Credit Loss [Line Items]
Concentration risk	17%	16%

ACCOUNTS RECEIVABLE - Schedule

ACCOUNTS RECEIVABLE - Schedule of Rollforward of Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 9,328	$ 7,715
Write-offs	(127)	0
Provision for expected losses	1,044	312
Ending balance	$ 10,245	$ 8,027

LOSS PER SHARE CALCULATION - Ca

LOSS PER SHARE CALCULATION - Calculation of Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Numerator for basic and diluted earnings per share
Net loss	$ (8,574)	$ (1,291)
Preferred dividends	334	334
Net loss applicable to common shares	$ (8,908)	$ (1,625)
Denominator for basic loss per share - Weighted average shares outstanding (in shares)	71,207,750	71,175,927
Effect of dilutive potential common shares (in shares)	0	0
Denominator for diluted loss per share - Adjusted weighted average shares outstanding (in shares)	71,207,750	71,175,927
Basic loss per share (in dollars per share)	$ (0.13)	$ (0.02)
Diluted loss per share (in dollars per share)	$ (0.13)	$ (0.02)

LOSS PER SHARE CALCULATION - Ad

LOSS PER SHARE CALCULATION - Additional Information (Details) - shares shares in Millions	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Antidilutive shares excluded from the calculation of diluted earnings per shares (in shares)	6	4

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS - Summary of Amortizable Intangible Asset (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2022	Jun. 30, 2022
Finite-Lived Intangible Assets [Line Items]
Intangible assets gross	$ 32,863	$ 32,863
Accumulated amortization	(15,737)	(14,916)
Intangible assets, Net	17,126	17,947
Goodwill, Gross	66,656	66,656
Goodwill	66,656	66,656
Brand and tradenames
Finite-Lived Intangible Assets [Line Items]
Intangible assets gross	1,705	1,705
Accumulated amortization	(1,201)	(1,133)
Intangible assets, Net	$ 504	$ 572
Brand and tradenames | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life	1 year	1 year
Brand and tradenames | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful life	7 years	7 years
Developed technology
Finite-Lived Intangible Assets [Line Items]
Intangible assets gross	$ 11,819	$ 11,819
Accumulated amortization	(9,234)	(8,761)
Intangible assets, Net	$ 2,585	$ 3,058
Developed technology | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life	5 years	5 years
Developed technology | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful life	6 years	6 years
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Intangible assets gross	$ 19,339	$ 19,339
Accumulated amortization	(5,302)	(5,022)
Intangible assets, Net	$ 14,037	$ 14,317
Customer relationships | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life	5 years	5 years
Customer relationships | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful life	18 years	18 years

GOODWILL AND INTANGIBLES - Addi

GOODWILL AND INTANGIBLES - Additional Information (Details)	3 Months Ended
	Sep. 30, 2022 USD ($) reportingUnit	Sep. 30, 2021 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense of acquired intangible assets	$ 800,000	$ 800,000
Number of reporting units | reportingUnit	1
Goodwill impairment	$ 0

DEBT AND OTHER FINANCING ARRA_3

DEBT AND OTHER FINANCING ARRANGEMENTS - Debt and Other Financing Arrangement Summary (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Debt Instrument [Line Items]
Less: unamortized issuance costs and debt discount	$ (240)	$ (261)
Total	14,450	14,622
Less: debt and other financing arrangements, current	(693)	(692)
Debt and other financing arrangements, noncurrent	13,757	13,930
Line of Credit | JPMorgan Credit Facility* | Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt	14,625	14,813
Other obligations
Debt Instrument [Line Items]
Long-term debt	$ 65	$ 70

DEBT AND OTHER FINANCING ARRA_4

DEBT AND OTHER FINANCING ARRANGEMENTS - Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Debt Instrument [Line Items]
Total interest expense	$ 477	$ 478
Line of Credit | JPMorgan Credit Facility* | Revolving Credit Facility
Debt Instrument [Line Items]
Total interest expense	278	230
Other obligations
Debt Instrument [Line Items]
Total interest expense	$ 199	$ 248

DEBT AND OTHER FINANCING ARRA_5

DEBT AND OTHER FINANCING ARRANGEMENTS - JP Morgan Chase Bank Credit Agreement (Details) - Line of Credit	Mar. 17, 2022 USD ($)	Aug. 14, 2020 USD ($)	Jun. 30, 2022 USD ($)
Revolving Credit Facility
Debt Instrument [Line Items]
Capitalized issuance costs			$ 300,000
2020 Antara Term Facility | Term Facility
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 30,000,000
JPMorgan Credit Facility*
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 5,000,000
Term		3 years
Interest rate, increase		2%
Commitment fee		0.50%
JPMorgan Credit Facility* | Period One
Debt Instrument [Line Items]
Adjusted quick ratio, minimum		2.75
JPMorgan Credit Facility* | Period Two
Debt Instrument [Line Items]
Adjusted quick ratio, minimum		3
JPMorgan Credit Facility* | Period Three
Debt Instrument [Line Items]
Adjusted quick ratio, maximum		3
JPMorgan Credit Facility* | LIBOR
Debt Instrument [Line Items]
Variable rate		3.75%
2021 JPMorgan Revolving Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 5,000,000
2021 JPMorgan Secured Term Facility
Debt Instrument [Line Items]
Interest rate, during period	6.30%
2021 JPMorgan Secured Term Facility | Term Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 25,000,000	$ 15,000,000
Twenty Twenty Two JPMorgan Revolving Credit Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	15,000,000
Twenty Twenty Two Secured Term Facility
Debt Instrument [Line Items]
Line of credit facility increase	$ 10,000,000
JPMorgan Credit Facility
Debt Instrument [Line Items]
Term	4 years
Commitment fee	0.50%
Total leverage ratio maximum	3
JPMorgan Credit Facility | Period One
Debt Instrument [Line Items]
Interest rate, increase	0.25%
Adjusted quick ratio, maximum	3
JPMorgan Credit Facility | Period Two
Debt Instrument [Line Items]
Interest rate, increase	2%
Adjusted quick ratio, maximum	4
Minimum | JPMorgan Credit Facility* | LIBOR
Debt Instrument [Line Items]
Variable rate		2.75%
Minimum | JPMorgan Credit Facility* | Base Rate
Debt Instrument [Line Items]
Variable rate		3.75%
Minimum | JPMorgan Credit Facility | Base Rate | Period One
Debt Instrument [Line Items]
Variable rate	2.50%
Minimum | JPMorgan Credit Facility | Base Rate | Period Two
Debt Instrument [Line Items]
Variable rate	2.75%
Minimum | JPMorgan Credit Facility | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Period One
Debt Instrument [Line Items]
Variable rate	3.50%
Maximum | JPMorgan Credit Facility* | LIBOR
Debt Instrument [Line Items]
Variable rate		3.75%
Maximum | JPMorgan Credit Facility* | Base Rate
Debt Instrument [Line Items]
Variable rate		4.75%
Maximum | JPMorgan Credit Facility | Base Rate | Period One
Debt Instrument [Line Items]
Variable rate	3%
Maximum | JPMorgan Credit Facility | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Period One
Debt Instrument [Line Items]
Variable rate	4%
Maximum | JPMorgan Credit Facility | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Period Two
Debt Instrument [Line Items]
Variable rate	3.75%

ACCRUED LIABILITIES (Details)

ACCRUED LIABILITIES (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Payables and Accruals [Abstract]
Sales tax reserve	$ 14,889	$ 14,694
Accrued compensation and related sales commissions	1,451	3,289
Operating lease liabilities, current	1,505	1,538
Accrued professional fees	5,781	4,200
Accrued taxes and filing fees payable	2,625	2,036
Contingent consideration arrangement for the Yoke acquisition*	0	1,000
Other accrued expenses	1,125	1,397
Total accrued expenses	$ 27,376	$ 28,154

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Income tax provision	$ 26	$ 89
Unrecognized income tax benefit	$ 600	$ 500

EQUITY - Schedule of Fair value

EQUITY - Schedule of Fair value of options (Details) - Stock options	3 Months Ended
	Sep. 30, 2022 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield (percent)	0%
Number of options granted (in shares) | shares	600,000
Weighted average exercise price (in dollars per share)	$ 6.51
Weighted average grant date fair value (in dollars per share)	$ 3.91
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility (percent)	74.60%
Risk-free interest rate (percent)	2.70%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility (percent)	75.10%
Weighted average expected life (years)	4 years 6 months
Risk-free interest rate (percent)	3.20%

EQUITY - Stock options (Details

EQUITY - Stock options (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
	Jan. 27, 2021	Sep. 30, 2022	Sep. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation		$ 1,318	$ 1,762
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation		1,000	800
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Consecutive trading days	30 days
Performance goals, percentage achieved	80%
Decrease in performance options	2%
Stock based compensation		$ (200)	$ 600
Performance Shares | Performance Period, One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, price per share, threshold (in dollars per share)	$ 10.50
Performance Shares | Performance Period, Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, price per share, threshold (in dollars per share)	13.50
Performance Shares | Performance Period, Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, price per share, threshold (in dollars per share)	16.50
Performance Shares | Performance Period, Four
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, price per share, threshold (in dollars per share)	$ 19.50
Performance Shares | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		3 years
Performance Shares | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		4 years

EQUITY - Common Stock (Details)

EQUITY - Common Stock (Details) - USD ($) $ in Thousands	1 Months Ended		3 Months Ended
	Sep. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Stock based compensation			$ 1,318	$ 1,762
Restricted Stock Units (RSUs)
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Shares issued for services (in shares)	20,000	80,000
Common Stock
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Stock based compensation			$ 500	$ 400

EQUITY - Preferred Stock (Detai

EQUITY - Preferred Stock (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Preferred stock carrying value decrease	$ (420)
Common stock carrying value decrease	(1,730)
Repurchase of Series A Convertible Preferred Stock	2,151	$ 0
Operating Expense
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Preferred stock carrying value decrease	$ (300)
Series A Convertible Preferred Stock
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Retirement of common stock (in shares)	59,281
Retirement of common stock	$ 2,450

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Millions	Sep. 30, 2021	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Purchase obligation		$ 16
Purchase obligation, term	2 years

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Related Party Transactions [Abstract]
Cost of subscription and transaction fees	$ 0.1	$ 0.3