Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Mar. 31, 2016	Jun. 30, 2015
Series A Preferred Stock [Member]
Stockholders' Equity:
Convertible preferred stock, value, outstanding at March 31, 2016 and June 30, 2015	$ 4	$ 4
Series B Preferred Stock [Member]
Stockholders' Equity:
Convertible preferred stock, value, outstanding at March 31, 2016 and June 30, 2015	2	2
Series C Preferred Stock [Member]
Stockholders' Equity:
Convertible preferred stock, value, outstanding at March 31, 2016 and June 30, 2015	2	2
Series D Preferred Stock [Member]
Stockholders' Equity:
Convertible preferred stock, value, outstanding at March 31, 2016 and June 30, 2015	1	1
Series E Preferred Stock [Member]
Stockholders' Equity:
Convertible preferred stock, value, outstanding at March 31, 2016 and June 30, 2015	1	1
Cash & cash equivalents	496,110	898,200
Accounts receivable- non related party, net	661,141	987,635
Loans held for sale	14,551,205	25,459,142
Prepaid expenses	115,351	98,505
Other assets	8,983	4,828
Total current assets	15,832,790	27,448,310
Property and equipment, net	253,695	278,005
Cash restricted for surety bonds	732,500	732,500
Loans receivable	86,888	87,778
Employee advances	70,294	56,851
Goodwill	1,809,429	1,809,429
Other intangible assets, net of accumulated amortization, March 31, 2016 and June 30, 2015 - $117,349	970,083	970,083
Security deposits	45,891	56,017
Total Assets	19,801,570	31,438,973
Accounts payable	1,071,278	1,077,788
Line of credit - related party	132,436	135,263
Warehouse lines of credit payable- related party	14,680,421	24,836,939
Short term financing	30,209	14,972
Notes payable - related party	355,453	120,000
Notes payable - non related party	1,000,000	750,000
Dividend payable - related party	1,753,256	801,333
Dividend payable - non related party	937,024	442,050
Accrued liabilities	416,473	596,940
Cash held in escrow for renovation loans	32,244	76,660
Total current liabilities	20,408,794	28,851,945
Total Liabilities	$ 20,408,794	$ 28,851,945
Commitment & Contingencies
Convertible preferred stock, value, outstanding at March 31, 2016 and June 30, 2015	$ 42,355	$ 40,355
Treasury stock, at cost: shares held 1,771,600 at March 31, 2016 and June 30, 2015	(294,769)	(294,769)
Additional paid in capital	24,576,151	25,370,967
Accumulated deficit	(24,930,971)	(22,529,535)
Total stockholders' equity	(607,224)	2,587,028
Total Liabilities and Stockholders' Equity	$ 19,801,570	$ 31,438,973

PSM HOLDINGS INC 10-Q