Note 3 - Term Deposits

12 Months Ended

Jun. 30, 2023

Notes to Financial Statements

Term Deposits [Text Block]

3.  TERM DEPOSITS

	For the Year Ended June 30,
	2023			2022
Short-term deposits	$	6,901		$	5,619
Currency translation effect on short-term deposits		(274	)		(199	)
Total short-term deposits		6,627			5,420
Restricted term deposits - Current		755			-
Currency translation effect on restricted term deposits		(16	)		-
Total restricted term deposits - Current		739			-
Restricted term deposits - Non-Current		1,763			1,746
Currency translation effect on restricted term deposits		(47	)		(68	)
Total restricted term deposits - Non-Current		1,716			1,678
Total term deposits	$	9,082		$	7,098

Restricted deposits represent the amount of cash pledged to secure loans payable or trade financing granted by financial institutions and serve as collateral for public utility agreements such as electricity and water, and performance bonds related to customs duty payable. Restricted deposits are classified as current and non-current depending on whether they relate to long-term or short-term obligations. As at year ended June 30, 2023, restricted deposits of $739 are classified as current assets as they relates to short-term trade financing. Restricted deposits of $1,716 are classified as non-current assets as they relate to long-term obligations and will become unrestricted only upon discharge of the obligations. Short-term deposits represent bank deposits, which do not qualify as cash equivalents.