INVENTORIES

6 Months Ended

Dec. 31, 2011

Notes to Financial Statements

Note 3- INVENTORIES

Inventories consisted of the following:

		Dec. 31,
		2011			June 30,
		(Unaudited)			2011
Raw materials	$		1,432		$	1,303
Work in progress			1,322			1,392
Finished goods			259			213
Less: provision for obsolete inventory			(884	)		(937	)
Currency translation effect			(141	)		459
	$		1,988		$	2,430

The following table represents the changes in provision for obsolete inventory:

	Dec. 31,
	2011			June 30,
	(Unaudited)			2011
Beginning	$	937		$	907
Additions charged to expenses		29			52
Usage - disposition		(44	)		(110	)
Currency translation effect		(38	)		88
Ending	$	884		$	937