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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Revenue        
Manufacturing $ 2,519 $ 3,097 $ 8,881 $ 10,086
Testing services 3,741 3,989 12,018 12,819
Distribution 2,225 1,727 6,338 5,587
Real estate 16 25 49 81
Total 8,501 8,838 27,286 28,573
Cost of Sales        
Cost of manufactured products sold 1,851 2,303 6,789 7,806
Cost of testing services rendered 2,937 2,862 9,046 9,351
Cost of distribution 1,909 1,483 5,454 4,831
Cost of real estate 18 16 54 52
Total 6,715 6,664 21,343 22,040
Gross margin 1,786 2,174 5,943 6,533
Operating Expenses        
General and administrative 1,754 1,742 5,319 5,223
Selling 181 246 547 580
Research and development 79 76 280 270
Impairment loss on long-lived assets 139 0 139 0
Gain on disposal of property, plant and equipment 0 (13) (24) (13)
Total operating expenses 2,153 2,051 6,261 6,060
(Loss)/income from operations (367) 123 (318) 473
Other Income/(Expenses)        
Interest expenses (63) (74) (186) (250)
Gain on sale of asset held for sale 0 685 1,172 685
Other income, net 440 128 590 220
Total other income 377 739 1,576 655
Income from continuing operations before income taxes 10 862 1,258 1,128
Income tax benefits/(expenses) 8 (209) (112) (159)
Income from continuing operations before non-controlling interest, net of tax 18 653 1,146 969
Discontinued Operations        
(Loss)/income from discontinued operations, net of tax (21) 2 (21) (2)
NET INCOME (3) 655 1,125 967
Less: net (loss)/income attributable to non-controlling interest (73) (28) 356 (129)
Net income attributable to Trio-Tech International common shareholders 70 683 769 1,096
Amounts Attributable to Trio-Tech International Common Shareholders:        
Income from continuing operations, net of tax 81 682 780 1,097
(Loss)/income from discontinued operations, net of tax (11) 1 (11) (1)
Net income attributable to Trio-Tech International common shareholders $ 70 $ 683 $ 769 $ 1,096
Basic Earnings per Share:        
Basic earnings per share from continuing operations attributable to Trio-Tech International $ 0.02 $ 0.19 $ 0.21 $ .30
Basic earnings per share from discontinued operations attributable to Trio-Tech International .00 .00 .00 .00
Basic earnings per share from net income attributable to Trio-Tech International 0.02 0.19 0.21 0.30
Diluted Earnings per Share:        
Diluted earnings per share from continuing operations attributable to Trio-Tech International 0.02 0.19 0.21 0.29
Diluted earnings per share from discontinued operations attributable to Trio-Tech International 0.00 0.00 0.00 0.00
Diluted earnings per share from net income attributable to Trio-Tech International $ 0.02 $ 0.19 $ 0.21 $ 0.29
Weighted average number of common shares outstanding basic (in thousands) 3,673 3,673 3,673 3,673
Dilutive effect of stock options (in thousands) 86 12 61 73
Number of shares used to compute earnings per share diluted (in thousands) 3,759 3,685 3,734 3,746