INVENTORIES

3 Months Ended

Sep. 30, 2013

Notes to Financial Statements

INVENTORIES (IN THOUSANDS, EXCEPT EARNINGS PER SHARE AND NUMBER OF SHARES)

Inventories consisted of the following:

	Sept. 30, 2013 (Unaudited)			June 30, 2013
Raw materials	$	1,057		$	1,072
Work in progress		1,392			1,930
Finished goods		391			356
Less: provision for obsolete inventory		(899	)		(912	)
Currency translation effect		11			17
	$	1,952		$	2,463

The following table represents the changes in provision for obsolete inventory:

	Sept. 30,
	2013			June 30,
	(Unaudited)			2013
Beginning	$	912		$	884
Additions charged to expenses		-			38
Usage - disposition		(17	)		(14	)
Currency translation effect		4			4
Ending	$	899		$	912