Note 3 - Term Deposits

3 Months Ended

Sep. 30, 2024

Notes to Financial Statements

Term Deposits [Text Block]

3. TERM DEPOSITS

	Sept. 30,		June 30,
	2024		2024
	(Unaudited)
Short-term deposits	$	6,121	$	6,540
Currency translation effect on short-term deposits		388		(43	)
Total short-term deposits		6,509		6,497
Restricted term deposits - Current		759		750
Currency translation effect on restricted term deposits		45		-
Total restricted term deposits - Current		804		750
Restricted term deposits – Non-current		1,773		1,773
Currency translation effect on restricted term deposits		125		(2	)
Total restricted term deposits - Non-current		1,898		1,771
Total term deposits	$	9,211	$	9,018

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 $804 as at September 30, 2024 are classified as current assets as they relate to short-term trade financing. On the other hand, restricted deposits of $1,898 as at September 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.