22. INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2018

Income Taxes Tables

Components of income tax provision (benefits)

	For the Year Ended June 30,
	2018		2017
Current:
Federal	$	900	$	-
State		2		2
Foreign		79		235
	$	981	$	237
Deferred:
Federal	$	-	$	-
State		-		-
Foreign		6		104
		6		104
Total provisions	$	987	$	341

Reconciliation of income tax rate

	For the Year Ended June 30,
	2018			2017
Income before Income Taxes		2,290			1,801
Income Taxes Expenses		987			341
Effective Tax Rate		43.1	%		18.9	%

	For the Year Ended June 30,
	2018			2017
Statutory federal tax rate		(27.55	)%		(34.00	)%
State taxes, net of federal benefit		(6.00	)		(6.00	)
Foreign tax related to profits making subsidiaries		35.93			20.23
NOL Expiration		-			(0.03	)
Other		(3.50	)		(0.86	)
Changes in valuation allowance		13.63			1.54
Tax reform related to one-time repatriation tax		(153.31	)		-
Effective rate		(140.80	)%		(19.12	)%

Deferred income tax assets (liabilities)

	For the Year Ended June 30,
	2018		2017
Deferred tax assets:
Net operating losses and credits	$	633	$	710
Inventory valuation		69		99
Provision for bad debts		112		107
Accrued vacation		3		35
Accrued expenses		629		751
Investment in subsidiaries		61		60
Unrealized gain		4		23
Other		3		-
Total deferred tax assets	$	1,514	$	1,785

Deferred tax liabilities:
Unrealized loss		-			(29	)
Depreciation		(324	)		(266	)
Total deferred income tax liabilities	$	(324	)	$	(295	)
Subtotal		1,190			1,490
Valuation allowance		(1,117	)		(1,410	)
Net deferred tax assets	$	73		$	80
Presented as follows in the balance sheets:
Deferred tax assets		400			375
Deferred tax liabilities		(327	)		(295	)
Net deferred tax assets	$	73		$	80