Note 12 - Bank Loans Payable

6 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Debt Disclosure [Text Block]

12.   BANK LOANS PAYABLE

Bank loans payable consisted of the following:

	Dec. 31,		June 30,
	2022		2022
	(Unaudited)
Note payable denominated in the Malaysian Ringgit for expansion plans in Malaysia, maturing in April 2028, bearing interest at the bank’s prime rate less 2.00% (4.6% and 3.791% at December 31, 2022 and June 30, 2022) per annum, with monthly payments of principal plus interest through August 2028, collateralized by the acquired building with a carrying value of $2,372 as at December 31, 2022 and June 30, 2022.	$	1,215	$	1,392
Financing arrangement at fixed interest rate 3.2% per annum, with monthly payments of principal plus interest through July 2025.		109		128
Financing arrangement at fixed interest rate 3.0% per annum, with monthly payments of principal plus interest through December 2026.		204		224
Financing arrangement at fixed interest rate 3.0% per annum, with monthly payments of principal plus interest through August 2027.		168		-
Total bank loans payable	$	1,696	$	1,744
Current portion of bank loans payable		506		503
Currency translation effect on current portion of bank loans		5		(31	)
Current portion of bank loans payable		511		472
Long-term portion of bank loans payable		1,179		1,357
Currency translation effect on long-term portion of bank loans		6		(85	)
Long-term portion of bank loans payable	$	1,185		1,272

Future minimum payments (excluding interest) as of December 31, 2022, were as follows:

Remainder of Fiscal 2023	$	269
2024		513
2025		283
2026		251
2027		216
Thereafter		164
Total obligations and commitments	$	1,696

Future minimum payments (excluding interest) as of June 30, 2022, were as follows:

2023	$	472
2024		481
2025		246
2026		214
2027		190
Thereafter		141
Total obligations and commitments	$	1,744