Note 12 - Bank Loans Payable

9 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Debt Disclosure [Text Block]

12.   BANK LOANS PAYABLE

Bank loans payable consisted of the following:

	Mar. 31,			Jun. 30,
	2023			2022
	(Unaudited)
Note payable denominated in the Malaysian Ringgit for expansion plans in Malaysia, maturing in August 2028, bearing interest at the bank’s prime rate less 2% (4.6% and 3.791% at March 31, 2023 and June 30, 2022) per annum, with monthly payments of principal plus interest through August 2028, collateralized by the acquired building with a carrying value of $2,355 and $2,372 as at March 31, 2023 and June 30, 2022.	$	1,117		$	1,392
Financing arrangement at fixed interest rate 3.2% per annum, with monthly payments of principal plus interest through July 2025.		99			128
Financing arrangement at fixed interest rate 3.0% per annum, with monthly payments of principal plus interest through December 2026.		191			224
Financing arrangement at fixed interest rate 3.0% per annum, with monthly payments of principal plus interest through August 2027.		160			-
Total bank loans payable	$	1,567		$	1,744
Current portion of bank loans payable		517			503
Currency translation effect on current portion of bank loans		(4	)		(31	)
Current portion of bank loans payable		513			472
Long-term portion of bank loans payable		1,059			1,357
Currency translation effect on long-term portion of bank loans		(5	)		(85	)
Long-term portion of bank loans payable	$	1,054			1,272

Future minimum payments (excluding interest) as of March 31, 2023, were as follows:

Remainder of Fiscal 2023	$	126
2024		509
2025		280
2026		247
2027		228
Thereafter		177
Total obligations and commitments	$	1,567

Future minimum payments (excluding interest) as of June 30, 2022, were as follows:

2023	$	472
2024		481
2025		246
2026		214
2027		190
Thereafter		141
Total obligations and commitments	$	1,744