Note 13 - Bank Loans Payable

6 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Debt Disclosure [Text Block]

13.   BANK LOANS PAYABLE

Bank loans payable consisted of the following:

	Dec. 31, 2021 (Unaudited)		June 30, 2021
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% (3.60% for December 31, 2021 and June 30, 2021) per annum, with monthly payments of principal plus interest through August 2028, collateralized by the acquired building with a carrying value of $2,543 and $2,579, as at December 31, 2021 and June 30, 2021, respectively.		1,676		1,885
Financing arrangement at fixed interest rate 3.2% per annum, with monthly payments of principal plus interest through July 2025.		155		175
Total bank loans payable	$	1,831	$	2,060

Current portion of bank loans payable		448			428
Currency translation effect on current portion of bank loans		(3	)		11
Current portion of bank loans payable		445			439
Long-term portion of bank loans payable		1,398			1,564
Currency translation effect on long-term portion of bank loans		(12	)		57
Long-term portion of bank loans payable	$	1,386		$	1,621

Future minimum payments (excluding interest) as at December 31, 2021, were as follows: 

Remainder of fiscal 2022	$	445
2023		462
2024		328
2025		191
2026		169
Thereafter		236
Total obligations and commitments	$	1,831

Future minimum payments (excluding interest) as at June 30, 2021, were as follows:          

2022	$	439
2023		457
2024		462
2025		208
2026		171
Thereafter		323
Total obligations and commitments	$	2,060