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ACQUISITION OF REPOSITRAK, INC. (Tables) - ReposiTrak [Member] | 12 Months Ended
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Jun. 30, 2016
Acquisition of ReposiTrak, assets acquired and liabilities assumed | The purchase price consisted of the 873,438 shares of our common stock. The fair value of the shares issued was $10,821,897 and was determined using the closing price of our common stock on June 30, 2015. The price paid to acquire ReposiTrak was $10,830,897, approximately $9,000 of which was for direct transaction costs associated with the issuance of equity. The net acquisition cost of $10,799,778 which excludes $31,119 of cash acquired from ReposiTrak were allocated based on their estimated fair value of the assets acquired and liabilities assumed, as follows:
Receivables |  | $ | 152,340 |
Prepaid expense |  |  | 17,500 |
Customer relationships |  |  | 1,314,000 |
Goodwill |  |  | 16,077,953 |
Accounts payable |  |  | (128,126 | )
Deferred revenue |  |  | (598,232 | )
Net assets acquired |  |  | 16,835,435 |
Common stock issued |  |  | 10,821,897 |
Receivables eliminated in consolidation |  |  | 6,035,657 |
Cash received in acquisition |  | $ | 22,119 |
Unaudited pro-forma results of operations | Unaudited pro-forma results of operations for the twelve months ended June 30, 2015 and 2014, as though ReposiTrak had been acquired as of July 1, 2013, are as follows:
|  | Three Months Ended |  |  |  |  |  |  |
|  | Sep 30, 2014 |  |  | Dec 31, 2014 |  |  | Mar 31, 2015 |  |  | Jun 30, 2015 |  |  | Year Ended 2015 |  |  | Year Ended 2014 |
Revenue |  | $ | 2,826,813 |  |  | $ | 2,932,825 |  |  | $ | 2,870,646 |  |  | $ | 2,941,511 |  |  | $ | 11,571,795 |  |  | $ | 9,777,431 |
Loss from Operations |  |  | (1,046,986) |  |  |  | (1,290,524) |  |  |  | (1,302,437) |  |  |  | (3,222,538) |  |  |  | (6,862,485 | ) |  |  | (5,232,552 | )
Net Loss |  |  | (1,049,834) |  |  |  | (1,317,510) |  |  |  | (1,317,858) |  |  |  | (3,241,545) |  |  |  | (6,926,747 | ) |  |  | (5,303,773 | )
Net Loss Applicable to Common Shareholders |  |  | (1,204,307) |  |  |  | (1,471,983) |  |  |  | (3,595,537) |  |  |  | (3,365,721) |  |  |  | (9,637,548 | ) |  |  | (5,921,664 | )
Basic and Diluted EPS |  |  | (0.07) |  |  |  | (0.08 | ) |  |  | (0.20 | ) |  |  | (0.18) |  |  |  | (0.53 | ) |  |  | (0.34 | )

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