Note 4 - Trade Account Receivables and Allowance for Credit Losses

12 Months Ended

Jun. 30, 2024

Notes to Financial Statements

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

4.  TRADE ACCOUNT RECEIVABLES AND ALLOWANCE FOR 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 credit losses represent 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. Based on the information available to us, management believed the allowance for credit losses as of June 30, 2024 and June 30, 2023 was adequate.  

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

	For the Year Ended June 30,
	2024			2023
Beginning	$	217		$	243
Additions charged to expenses		12			9
Recovered		(17	)		(20	)
Currency translation effect		(3	)		(15	)
Ending	$	209		$	217