22. INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2016

Income Taxes Tables

Components of income tax provision (benefits)

		For the Year Ended June 30,
		2016			2015
Current:
Federal	$	-		$	-
State		2			2
Foreign		300			439
	$	302		$	441
Deferred:
Federal	$	-		$	-
State		-			-
Foreign		(65	)		66
		(65	)		66
Total provisions	$	237		$	507

Reconciliation of income tax rate

	For the Year Ended June 30,
	2016			2015
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		19.45			4.69
NOL Expiration		(0.21	)		(0.24	)
Other		(0.50	)		(0.27	)
Changes in valuation allowance		3.08			(2.71	)
Effective rate		(18.18	)%		(38.53	)%

Deferred income tax assets (liabilities)

		For the Year Ended June 30,
		2016			2015
Deferred tax assets:
Net operating losses and credits	$	1,498		$	1,645
Inventory valuation		99			99
Depreciation		-			-
Provision for bad debts		128			144
Accrued vacation		40			32
Capital loss		-			66
Accrued expenses		1,262			1,338
Investment in subsidiaries		169			169
Other		11			23
Total deferred tax assets	$	3,207		$	3,516
Deferred tax liabilities:		(34	)		(56	)
Accrued expenses		(182	)		(277	)
Depreciation		-			-
Other		(216	)		(333	)
Total deferred income tax liabilities
Subtotal		2,991			3,183
Valuation allowance		(2,806	)		(3,063	)
Net deferred tax assets / (liability)		185			120
Presented as follows in the balance sheets:
Deferred tax assets		401			453
Deferred tax liabilities		(216	)		(333	)
Net deferred tax assets / (liability)		185			120