INVENTORIES

12 Months Ended

Jun. 30, 2014

Notes to Financial Statements

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

Inventories consisted of the following:

	For the Year Ended June 30,
	2014			2013
Raw materials	$	1,165		$	1,072
Work in progress		583			1,930
Finished goods		184			356
Less: provision for obsolete inventory		(844	)		(912	)
Currency translation effect		18			17
	$	1,106		$	2,463

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

	For the Year Ended June 30,
	2014			2013
Beginning	$	912		$	884
Additions charged to expenses		-			38
Usage - disposition		(76	)		(14	)
Currency translation effect		8			4
Ending	$	844		$	912