INVENTORIES

6 Months Ended

Dec. 31, 2013

Notes to Financial Statements

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

Inventories consisted of the following:

	Dec. 31,
	2013			June 30,
	(Unaudited)			2013
Raw materials	$	1,012		$	1,072
Work in progress		953			1,930
Finished goods		210			356
Less: provision for obsolete inventory		(865	)		(912	)
Currency translation effect		4			17
	$	1,314		$	2,463

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

	Dec. 31,
	2013			June 30,
	(Unaudited)			2013
Beginning	$	912		$	884
Additions charged to expenses		-			38
Usage - disposition		(47	)		(14	)
Currency translation effect		-			4
Ending	$	865		$	912