Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of USA Technologies Inc (Nasdaq: USAT) violated securities laws in connection with certain financial statements.

The investigation seeks to discover if possible claims on behalf of purchasers of the securities of USA Technologies Inc (Nasdaq: USAT) concerning whether a series of statements by USA Technologies Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On September 29, 2015, when the market closed, USA Technologies Inc disclosed that it is unable to file its Annual Report for the fiscal year ended June 30, 2015 within the prescribed time, having found deficiencies in the design and operating effectiveness of USA Technologies Inc internal control over financial reporting, which displays a material weakness in internal controls. The most considerable deficiency was the procedures in place that did not identify a large number of small balance accounts that may be uncollectible, which caused an increase in USA Technologies bad debt reserve by approximately $450,000, resulting in an after-tax charge of approximately $270,000.

On this news, the company's stock has fallen by $0.11, or 3.97%, in after-hours trading on September 29, 2015.

Based in Malvern, Pennsylvania, and founded in 1992 USA Technologies Inc supplies wireless networking, cashless transactions, asset monitoring, and other services primarily to the small ticket unattended retail markets in the United States and internationally.

If you purchased shares of USA Technologies Inc (Nasdaq: USAT) on or before September 29, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 866 - 6157.

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