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BANK LOANS PAYABLE (Tables)
9 Months Ended
Mar. 31, 2016
Bank Loans Payable Tables  
Bank loans payable
   

Mar. 31, 2016

(Unaudited)

   

June 30,

2015

 
Note payable denominated in RM to a commercial bank for expansion plans in Malaysia, maturing in August 2024, bearing interest at the bank’s prime rate (7.4% at March 31, 2016 and June 30, 2015) per annum, with monthly payments of principal plus interest through August 2024, collateralized by the acquired building with a carrying value of $2,984 and $3,144, as at March 31, 2016 and June 30, 2015, respectively.     $ 2,015     $ 2,218  
                 
Note payable denominated in U.S. dollars to a financial institution for working capital plans in Singapore and its subsidiaries, maturing in April 2017, bearing interest at the bank’s prime rate plus 1.50% (4.1% to 6.9% at March 31, 2016 and June 30, 2015) with monthly payments of principal plus interest through April 2017. This note payable is secured by plant and equipment with a carrying value of $354 and $357, as at March 31, 2016 and June 30, 2015, respectively.      193       326  
                 
      Current portion     (374 )     (346 )
      Long term portion of bank loans payable   $ 1,834     $ 2,198  
Future minimum payments

Future minimum payments (excluding interest) as at March 31, 2016 were as follows:

 

2016   $ 374  
2017     221  
2018     217  
2019     229  
2020     242  
Thereafter     925  
Total obligations and commitments   $ 2,208  

 

Future minimum payments (excluding interest) as at June 30, 2015 were as follows:

 

2016   $ 346  
2017     322  
2018     183  
2019     193  
2020     203  
Thereafter     1,297  
Total obligations and commitments   $ 2,544