Note 4 - Trade Accounts Receivable and Allowance for Doubtful Accounts

3 Months Ended

Sep. 30, 2023

Notes to Financial Statements

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

4.   TRADE ACCOUNTS RECEIVABLE AND ALLOWANCE FOR DOUBTFUL ACCOUNTS

Accounts receivable are customer obligations due under normal trade terms. The Company performs continuing credit evaluations of its customers’ financial conditions, and although management generally does not require collateral, letters of credit may be required from the customers in certain circumstances.

The allowance for trade receivable represents management’s estimate of probable losses in our trade receivables as of the date of the financial statements. The allowance provides for probable losses that have been identified with specific customer relationships and for probable losses believed to be inherent in the trade receivables, but that have not been specifically identified.

The following table represents the changes in the allowance for doubtful accounts: 

	Sept. 30,			June 30,
	2023			2023
	(Unaudited)
Beginning	$	217		$	243
Additions charged to expenses		10			9
Recovered		(15	)		(20	)
Currency translation effect		-			(15	)
Ending	$	212		$	217