INVENTORIES

9 Months Ended

Mar. 31, 2014

Notes to Financial Statements

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

Inventories consisted of the following:

	March 31, 2014 (Unaudited)			June 30, 2013
Raw materials	$	1,082		$	1,072
Work in progress		1,303			1,930
Finished goods		282			356
Less: provision for obsolete inventory		(851	)		(912	)
Currency translation effect		7			17
	$	1,823		$	2,463

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

	March 31,
	2014		June 30,
	(Unaudited)		2013
Beginning	$	912	$	884
Additions charged to expenses		-		38
Usage - disposition		(63)		(14	)
Currency translation effect		2		4
Ending	$	851	$	912