Note 3 - Term Deposits

12 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Term Deposits [Text Block]

3.  TERM DEPOSITS

	For the Year Ended June 30,
	2024			2023
Short-term deposits	$	6,540		$	6,901
Currency translation effect on short-term deposits		(43	)		(274	)
Total short-term deposits		6,497			6,627
Restricted term deposits - Current		750			755
Currency translation effect on restricted term deposits		-			(16	)
Total restricted term deposits - Current		750			739
Restricted term deposits - Non-current		1,773			1,763
Currency translation effect on restricted term deposits		(2	)		(47	)
Total restricted term deposits - Non-current		1,771			1,716
Total term deposits	$	9,018		$	9,082

Restricted deposits represent the amount of cash pledged to secure loans payable or trade financing granted by financial institutions, serve as collateral for public utility agreements such as electricity and water, and performance bonds related to customs duty payable. Restricted deposits are classified as current and non-current depending on whether they relate to long-term or short-term obligations. Restricted deposits of $750 as of June 30, 2024 are classified as current assets as they relate to short-term trade financing. Restricted deposits of $1,771 as of June 30, 2024 are classified as non-current assets as they relate to long-term obligations and will become unrestricted only upon discharge of the obligations. Short-term deposits represent bank deposits, which do not qualify as cash equivalents.