INVENTORIES

3 Months Ended

Sep. 30, 2014

Notes to Financial Statements

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

Inventories consisted of the following:

	Sept. 30, 2014 (Unaudited)			June 30, 2014
Raw materials	$	1,234		$	1,165
Work in progress		980			583
Finished goods		148			184
Less: provision for obsolete inventory		(841	)		(844	)
Currency translation effect		(27	)		18
	$	1,494		$	1,106

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

	Sept. 30, 2014 (Unaudited)			June 30, 2014
Beginning	$	844		$	912
Additions charged to expenses		12			-
Usage - disposition		(3	)		(76	)
Currency translation effect		(12	)		8
Ending	$	841		$	844