TERM DEPOSITS

12 Months Ended

Jun. 30, 2020

Deposits [Abstract]

TERM DEPOSITS

	June 30,  2020			June 30,  2019
Short-term deposits	$	6,887		$	4,143
Currency translation effect on short-term deposits		(190	)		1
Total short-term deposits		6,697			4,144
Restricted term deposits		1,712			1,701
Currency translation effect on restricted term deposits		(52	)		5
Total restricted term deposits		1,660			1,706
Total term deposits	$	8,357		$	5,850

Restricted deposits represent the amount of cash pledged to secure loans payable granted by financial institutions and 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 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.