22. INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2017

Income Taxes Tables

Components of income tax provision (benefits)

	For the Year Ended June 30,
	2017		2016
Current:
Federal	$	-	$	-
State		2		2
Foreign		235		300
	$	237	$	302
Deferred:
Federal	$	-	$	-
State		-		-
Foreign		104		(65	)
		104		(65	)
Total provisions	$	341	$	237

Reconciliation of income tax rate

	For the Year Ended June 30,
	2017			2016
Statutory federal tax rate		(34.00	)%		(34.00	)%
State taxes, net of federal benefit		(6.00	)		(6.00	)
Foreign tax related to profits making subsidiaries		20.23			19.45
NOL Expiration		(0.03	)		(0.21	)
Other		(0.86	)		(0.50	)
Changes in valuation allowance		1.54			3.08
Effective rate		(19.12	)%		(18.18	)%

Deferred income tax assets (liabilities)

	For the Year Ended June 30,
Deferred tax assets:	2017		2016
Net operating losses and credits	$	710	$	1,498
Inventory valuation		99		99
Provision for bad debts		107		128
Accrued vacation		35		40
Accrued expenses		751		1,262
Investment in subsidiaries		60		169
Unrealized gain		23		11
Total deferred tax assets	$	1,785	$	3,207

Deferred tax liabilities:
Unrealized loss		(29	)		(34	)
Depreciation		(266	)		(182	)
Total deferred income tax liabilities	$	(295	)	$	(216	)
Subtotal		1,490			2,991
Valuation allowance		(1,410	)		(2,806	)
Net deferred tax assets	$	80		$	185
Presented as follows in the balance sheets:
Deferred tax assets		375			401
Deferred tax liabilities		(295	)		(216	)
Net deferred tax assets	$	80		$	185