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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2023
Jun. 30, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 8,430,000 $ 7,698,000
Short-term deposits 5,703,000 5,420,000
Trade accounts receivable, less allowance for doubtful accounts of $223 and $243, respectively 11,004,000 11,592,000
Other receivables 757,000 998,000
Inventories, less provision for obsolete inventories of $743 and $674, respectively 2,324,000 2,258,000
Prepaid expenses and other current assets 731,000 1,215,000
Financed sales receivable 22,000 21,000
Restricted term deposits 755,000 0
Total current assets 29,726,000 29,202,000
NON-CURRENT ASSETS:    
Deferred tax assets 91,000 169,000
Investment properties, net 517,000 585,000
Property, plant and equipment, net 9,987,000 8,481,000
Operating lease right-of-use assets 3,059,000 3,152,000
Other assets 232,000 137,000
Financed sales receivable 0 17,000
Restricted term deposits 1,762,000 1,678,000
Total non-current assets 15,648,000 14,219,000
TOTAL ASSETS 45,374,000 43,421,000
Bank loans payable, net of current portion 1,054,000 1,272,000
Finance leases, net of current portion 43,000 119,000
Operating leases, net of current portion 1,698,000 1,934,000
Income taxes payable, net of current portion 255,000 137,000
Deferred tax liabilities 17,000 0
Other non-current liabilities 952,000 28,000
Total non-current liabilities 4,019,000 3,490,000
TOTAL LIABILITIES 14,898,000 15,419,000
CURRENT LIABILITIES:    
Lines of credit 107,000 929,000
Accounts payable 1,835,000 2,401,000
Accrued expenses 6,570,000 6,004,000
Income taxes payable 390,000 787,000
Current portion of bank loans payable 513,000 472,000
Current portion of finance leases 103,000 118,000
Current portion of operating leases 1,361,000 1,218,000
Total current liabilities 10,879,000 11,929,000
TRIO-TECH INTERNATIONAL’S SHAREHOLDERS’ EQUITY:    
Common stock, no par value, 15,000,000 shares authorized; 4,076,680 and 4,071,680 shares issued outstanding as at March 31, 2023 and June 30, 2022, respectively 12,769,000 12,750,000
Paid-in capital 5,045,000 4,708,000
Accumulated retained earnings 10,601,000 9,219,000
Accumulated other comprehensive income-translation adjustments 1,806,000 1,197,000
Total Trio-Tech International shareholders’ equity 30,221,000 27,874,000
Non-controlling interest 255,000 128,000
TOTAL EQUITY 30,476,000 28,002,000
TOTAL LIABILITIES AND EQUITY $ 45,374,000 $ 43,421,000