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BANK LOANS PAYABLE (Tables)
6 Months Ended
Dec. 31, 2017
Bank Loans Payable Tables  
Bank loans payable

   Dec. 31, 2017
(Unaudited)
  June 30, 2017
Note payable denominated in RM for expansion plans in Malaysia, maturing in August 2024, bearing interest at the bank’s prime rate less 1.50% (5.25% and 5.25% at December 31, 2017 and June 30, 2017) per annum, with monthly payments of principal plus interest through August 2024, collateralized by the acquired building with a carrying value of $2,800 and 2,671, as at December 31, 2017 and June 30, 2017, respectively.   1,518    1,735 
           
Note payable denominated in U.S. dollars for expansion plans in Singapore and its subsidiaries, maturing in April 2020, bearing interest at the bank’s lending rate (3.96% and 3.96% for December 31, 2017 and June 30, 2017) with monthly payments of principal plus interest through June 2020. This note payable is secured by plant and equipment with a carrying value of $215 and $224, as at December 31, 2017 and June 30, 2017, respectively.   363    196 
           
      Total bank loans payable  $1,881   $1,931 

Current portion of bank loans payable   346    271 
Currency translation effect on current portion of bank loans   10    (11)
                              Current portion of bank loans payable   356    260 
Long term portion of bank loans payable   1,535    1,660 
Currency translation effect on long-term portion of bank loans   82    (108)
                           Long term portion of bank loans payable  $1,617   $1,552 

 

Future minimum payments

 2018   $356 
 2019    373 
 2020    298 
 2021    244 
 2022    127 
 Thereafter    575 
 Total obligations and commitments   $1,973 

 

 2018   $260 
 2019    273 
 2020    274 
 2021    225 
 2022    236 
 Thereafter    544 
 Total obligations and commitments   $1,812