Note 16 - Government Grants

9 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Government Assistance [Text Block]

16. GOVERNMENT GRANTS

	Three Months Ended				Nine Months Ended
	Mar. 31,		Mar. 31,		Mar. 31,		Mar. 31,
	2024		2023		2024		2023
	Unaudited		Unaudited		Unaudited		Unaudited
Government grant	$	12	$	83	$	89	$	108

In the three months ended March 31, 2024, the Company received government grants amounting to $12, $7 of which was an incentive from the Singapore government for local resident recruitment, and $5 related to capital expenditure subsidy received from the China government. During the same period in 2023, the Company received government grants amounting to $83, $76 of which was an incentive from the Singapore government for local resident recruitment, and the remaining $7 related to capital expenditure subsidy received from the China government.

In the nine months ended March 31, 2024, the Company received government grants amounting to $89, $19 of which was an incentive from the Singapore government for local resident recruitment, $12 related to capital expenditure subsidy received from the China government and the $57 from the U.S. government related to Employee Retention Credit (“ERC”). During the same period in 2023, the Company received government grants amounting to $108, with $86 from the Singapore government for local resident recruitment and the remaining $22 related to capital expenditure subsidy received from the China government.