22. INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2015

Income Taxes Tables

Components of income tax provision (benefits)

	For the Year Ended June 30,
	2015		2014
Current:
Federal	$	—	$	—
State		2		5
Foreign		439		(175	)
	$	441		(170	)
Deferred:
Federal	$	—	$	—
State		—		—
Foreign		66		(174	)
		66		(174	)
Total provisions	$	507		(344	)

Reconciliation of income tax rate

	For the Year Ended June 30,
	2015			2014
Statutory federal tax rate		(34.00	)%		(34.00	)%
State taxes, net of federal benefit		(6.00	)		(6.00	)
Foreign tax related to profits making subsidiaries		4.69			(400.00	)
NOL Expiration		(0.24	)		5.00
Other		(0.27	)		5.00
Changes in valuation allowance		(2.71	)		95.00
Effective rate		(38.53	)%		(335.00	)%

Deferred income tax assets (liabilities)

		For the Year Ended June 30,
		2015			2014
Deferred tax assets:
Net operating losses and credits	$		1,645	$		1,572
Inventory valuation			99			99
Depreciation			-			-
Provision for bad debts			144			788
Accrued vacation			32			15
Capital loss			66			78
Accrued expenses			1,338			217
Investment in subsidiaries			169			182
Deferred Income			-			201
Other			23			112
Total deferred tax assets	$		3,516	$		3,264

Deferred tax liabilities:
Accrued expenses		(56	)	(10	)
Depreciation		(277	)	(19	)
Other		—		—
Total deferred income tax liabilities	$	(333	)	(202	)
Subtotal		3,183		3,062
Valuation allowance		(3,063	)	(2,876	)
Net deferred tax assets	$	120		186
Presented as follows in the balance sheets:
Deferred tax assets		453		388
Deferred tax liabilities		(333	)	(202	)
Net deferred tax assets / (liability)	$	120		186