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Note 11 - Assurance Warranty Accrual
6 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Product Warranty Disclosure [Text Block]

11.

ASSURANCE WARRANTY ACCRUAL

 

The Company provides for the estimated costs that may be incurred under its warranty program at the time the sale is recorded. The warranty period of the products manufactured by the Company is generally one year or the warranty period agreed upon with the customer. The Company estimates the warranty costs based on the historical rates of warranty returns. The Company periodically assesses the adequacy of its recorded warranty liability and adjusts the amounts as necessary.

 

   

Dec. 31,

   

June 30,

 
   

2023

   

2023

 
   

(Unaudited)

         
                 

Beginning

  $ 24     $ 16  

Additions charged to cost and expense

    19       32  
Utilization     (4 )     (25

)

Currency translation effect

    1       1  

Ending

  $ 40     $ 24