LEASES

12 Months Ended

Jun. 30, 2020

Leases [Abstract]

LEASES

Company as Lessor

Operating leases under which the Company is the lessor arise from leasing the Company’s commercial real estate investment property to third parties. Initial lease terms generally range from 12 to 60 months. Depreciation expense for assets subject to operating leases is taken into account primarily on the straight-line method over a period of twenty years in amounts necessary to reduce the carrying amount of the asset to its estimated residual value. Depreciation expenses relating to the property held as investments in operating leases were $67 and $86 for the years ended June 30, 2020 and 2019, respectively.

Future minimum rental income in China and Thailand to be received from fiscal year 2021 to fiscal year 2022 on non-cancellable operating leases is contractually due as of June 30, 2020 as follows:

2021	$	120
2022	$	114
	$	234

Future minimum rental income in China and Thailand to be received from fiscal year 2020 to fiscal year 2021 on non-cancellable operating leases is contractually due as of June 30, 2019 as follows:

2020	$	93
2021	$	6
	$	99

Company as Lessee

The Company has operating leases for corporate offices and research and development facilities with remaining lease terms of 1 year to 3 years and finance leases for plant and equipment.

Supplemental balance sheet information related to leases is as follows (in thousands):

		June 30,
Components of Lease Balances	Classification	2020
Assets
Operating lease assets	Right-of-use asset-operating, net	$	944
Finance lease assets	Property, plant & equipment		1,372
Accumulated amortization  Right-of-use asset			(526	)
Assets	Property, plant & equipment	$	846
Total Leased Assets		$	1,790
Liabilities
Operating Lease Liabilities
Current portion	Current portion of lease liability- operating	$	477
Long-term portion	Lease liability- operating, net of current portion		467
Total Operating Lease Liabilities		$	944
Finance Lease Liabilities
Current portion of finance leases	Current portion of lease liability- finance	$	231
Net of current portion of finance leases	Lease liability- finance, net of current portion		435
Total Finance Lease Liabilities		$	666
Total Lease Liabilities		$	1,610

	3 Months Ended		12 Months Ended
	June 30, 2020
Lease Cost
Finance lease cost:
Interest on lease liability		11	$	48
Amortization of right-of-use asset		60		272
Total Finance Lease Cost		71		320
Operating Lease Costs $		185	$	727

Other information related to leases were as follows (in thousands except lease term and discount rate):

	June 30,
	2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from finance leases	$	(61	)
Operating cash flows from operating leases	$	(727	)
Finance cash flows from finance leases	$	279
Right-of-use assets obtained in exchange for new operating lease liabilities	$	944
Weighted-average remaining lease term:
Finance leases		3.40
Operating leases		1.88
Weighted-average discount rate:
Finance leases		3.36
Operating leases		4.5

As of June 30, 2020, the maturities of the Company's operating and finance lease liabilities were as follow:

	Operating Lease Liabilities			Finance Lease Liabilities
Fiscal Year
2021		509			265
2022		317			211
2023		168			133
2024		-			107
Thereafter		-			20
Total future minimum lease payments	$	994		$	736
Less: amount representing interest		(50	)		(70	)
Present value of net minimum lease payments		944			666
Presentation on statement of financial position
Current	$	477		$	231
Non-Current	$	467		$	435

As of June 30, 2019, future minimum lease payments under finance leases and non-cancellable operating leases were as follows:

Fiscal Year	Operating Lease Liabilities		Finance Lease Liabilities
2020	$	646	$	283
2021		216		187
2022		47		143
2023		1		68
2024		-		44
Total future minimum lease payments	$	910	$	725