Note 12 - Bank Loans Payable

9 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Debt Disclosure [Text Block]

12. BANK LOANS PAYABLE

Bank loans payable consisted of the following:

	Mar. 31,			June 30,
	2024			2023
	(Unaudited)
Note payable denominated in the Malaysian Ringgit for expansion plans in Malaysia, maturing in July 2028, bearing interest at the bank’s prime rate less 2.00% (4.85% and 4.6% at March 31, 2024 and June 30, 2023) per annum, with monthly payments of principal plus interest through July 2028, collateralized by the acquired building with a carrying value of $2,151 and $2,208, as at March 31, 2024 and June 30, 2023, respectively.	$	677		$	957
Financing arrangement at fixed interest rate 3.2% per annum, with monthly payments of principal plus interest through July 2025.		54			84
Financing arrangement at fixed interest rate 3.0% per annum, with monthly payments of principal plus interest through December 2026.		135			169
Financing arrangement at fixed interest rate 3.0% per annum, with monthly payments of principal plus interest through August 2027.		118			142
Total bank loans payable	$	984		$	1,352
Current portion of bank loans payable		319			503
Currency translation effect on current portion of bank loans		(11	)		(28	)
Current portion of bank loans payable		308			475
Long-term portion of bank loans payable		695			933
Currency translation effect on long-term portion of bank loans		(19	)		(56	)
Long-term portion of bank loans payable	$	676			877

Future minimum payments (excluding interest) as at March 31, 2024, were as follows:

Remainder of Fiscal 2024	$	113
2025		260
2026		229
2027		211
Thereafter		171
Total obligations and commitments	$	984

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

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