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BANK LOANS PAYABLE (Tables)
9 Months Ended
Mar. 31, 2020
Loans Payable [Abstract]  
Bank loans payable
   

Mar. 31, 2020

(Unaudited)

    June 30, 2019  
Note payable denominated in RM for expansion plans in Malaysia, maturing in August 2028, bearing interest at the bank’s prime rate less 2.00% (4.85% and 5.00% at March 31, 2020 and June 30, 2019, respectively) per annum, with monthly payments of principal plus interest through August 2028, collateralized by the acquired building with a carrying value of $2,539 and $2,683, as at March 31, 2020 and June 30, 2019, respectively.     2,271       2,638  
Note payable denominated in U.S. dollars for expansion plans in Singapore and its subsidiaries, maturing in April 2020, bearing interest at the bank’s lending rate (3.96% for March 31, 2020 and June 30, 2019) with monthly payments of principal plus interest through June 2020. This note payable is secured by plant and equipment with a carrying value of $121 and $148 as at March 31, 2020 and June 30, 2019, respectively.     26       142  
      Total bank loans payable   $ 2,297     $ 2,780  

 

Current portion of bank loan payable     395       494  
Currency translation effect on current portion of bank loan     (17 )     (6 )
                              Current portion of bank loan payable     378       488  
Long term portion of bank loan payable     2,012       2,344  
Currency translation effect on long-term portion of bank loan     (93 )     (52 )
                           Long term portion of bank loans payable   $ 1,919     $ 2,292  

 

Future minimum payments

Future minimum payments (excluding interest) as at March 31, 2020 were as follows: 

 

Remainder of fiscal 2020   $ 288  
2021     364  
2022     380  
2023     397  
2024     282  
Thereafter     586  
Total obligations and commitments   $ 2,297  

 

Future minimum payments (excluding interest) as at June 30, 2019 were as follows: 

 

2020   $ 488  
2021     362  
2022     380  
2023     399  
2024     407  
Thereafter     744  
Total obligations and commitments   $ 2,780