Note 4 - Trade Accounts Receivable and Allowance for Expected Credit Losses

9 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

4. TRADE ACCOUNTS RECEIVABLE AND ALLOWANCE FOR EXPECTED CREDIT LOSSES

Accounts receivable are customer obligations due under normal trade terms. The Company performs continuing credit evaluations of its customers’ financial conditions, and although management generally does not require collateral, letters of credit may be required from the customers in certain circumstances.

The allowance for trade receivable represents management’s expected credit losses in our trade receivables as of the date of the financial statements. The allowance provides for probable losses that have been identified with specific customer relationships and for probable losses believed to be inherent in the trade receivables, but that have not been specifically identified.

The following table represents the changes in the allowance for expected credit losses: 

	Mar. 31,			June 30,
	2024			2023
	(Unaudited)
Beginning	$	217		$	243
Additions charged to expense		12			9
Recovered		(17	)		(20	)
Currency translation effect		2			(15	)
Ending	$	214		$	217