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BANK LOANS PAYABLE (Tables)
6 Months Ended
Dec. 31, 2016
Bank Loans Payable Tables  
Bank loans payable
   

Dec. 31,

2016

   

 June 30,

2016

 
    (Unaudited)        
Note payable denominated in RM to a commercial bank for expansion plans in Malaysia, maturing in August 2024, bearing interest at the bank’s prime rate plus 1.50% (5.25% and 5.45% at December 31, 2016 and June 30, 2016) per annum, with monthly payments of principal plus interest through August 2024, collateralized by the acquired building with a carrying value of $2,577 and 2,898, as at December 31, 2016 and June 30, 2016, respectively.     1,825       2,052  
                 
Note payable denominated in U.S. dollars to a commercial bank for expansion plans in Singapore and its subsidiaries, maturing in March 2017, bearing interest at the bank’s lending rate (7.5% for both December 31, 2016 and June 30, 2016) with monthly payments of principal plus interest through April 2017. This note payable is secured by plant and equipment with a carrying value of $259 and 294, as at December 31, 2016 and June 30, 2016, respectively.     61       154  
                 
Total Bank loans payable     1,886       2,206  
                 
Current portion of bank loan payable     261       352  
Currency translation effect on current portion of bank loan     (26 )     (10 )
                              Current portion of bank loan payable     235       342  
Long term portion of bank loan payable     1,625       1,854  
Currency translation effect on long-term portion of bank loan     (171 )     (129 )
                           Long term portion of bank loans payable   $ 1,454     $ 1,725  
Future minimum payments
2017   $ 235  
2018     189  
2019     199  
2020     209  
2021     221  
Thereafter     636  
Total obligations and commitments   $ 1,689  

 

2017   $ 342  
2018     204  
2019     215  
2020     226  
2021     239  
Thereafter     841  
Total obligations and commitments   $ 2,067