Note 14 - Bank Loans Payable

12 Months Ended

Jun. 30, 2023

Notes to Financial Statements

Debt Disclosure [Text Block]

14.  BANK LOANS PAYABLE

Bank loans payable consisted of the following:

	For the Year Ended June 30,
	2023			2022
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 June 30, 2023 and June 30, 2022) per annum, respectively, with monthly payments of principal plus interest through August 2028, collateralized by the acquired building with a carrying value of $2,208 and $2,372 as of June 30, 2023 and June 30, 2022, respectively.	$	957		$	1,392
Financing arrangement at a fixed interest rate of 3.2% per annum, with monthly payments of principal plus interest through July 2025.		84			128
Financing arrangement at a fixed interest rate of 3.0% per annum, with monthly payments of principal plus interest through December 2026.		169			224
Financing arrangement at a fixed interest rate of 3.0% per annum, with monthly payments of principal plus interest through August 2027.		142			-
Total bank loans payable	$	1,352		$	1,744
Current portion of bank loans payable		503			503
Currency translation effect on current portion of bank loans		(28	)		(31	)
Current portion of bank loans payable		475			472
Long-term portion of bank loans payable		933			1,357
Currency translation effect on long-term portion of bank loans		(56	)		(85	)
Long-term portion of bank loans payable	$	877			1,272

Future minimum payments (excluding interest) as of June 30, 2023, were as follows:

2024	$	475
2025		262
2026		231
2027		212
Thereafter		172
Total obligations and commitments	$	1,352

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