WARRANTY ACCRUAL

12 Months Ended

Jun. 30, 2014

Notes to Financial Statements

WARRANTY ACCRUAL (IN THOUSANDS, EXCEPT EARNINGS PER SHARE AND NUMBER OF SHARES)

The Company provides for the estimated costs that may be incurred under its warranty program at the time the sale is recorded.  The Company provides warranty for products manufactured in the term of one year.  The Company estimates the warranty costs based on the historical rates of warranty returns. The Company periodically assesses the adequacy of its recorded warranty liability and records the amounts as necessary.

	For the Year Ended June 30,
	2014			2013
Beginning	$	61		$	60
Additions charged to cost and expenses		23			1
Recovered		(25	)		-
Currency translation effect		1			-
Ending	$	60		$	61