INVENTORIES

6 Months Ended

Dec. 31, 2014

Notes to Financial Statements

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

Inventories consisted of the following:

	Dec. 31, 2014			June 30, 2014
		(Unaudited)
Raw materials	$	975		$	1,165
Work in progress		861			583
Finished goods		430			184
Less: provision for obsolete inventory		(740	)		(844	)
Currency translation effect		(76	)		18
	$	1,450		$	1,106

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

	Dec. 31,			June 30,
	2014			2014
	(Unaudited)
Beginning	$	844		$	912
Additions charged to expenses		26			-
Usage - disposition		(99	)		(76	)
Currency translation effect		(31	)		8
Ending	$	740		$	844