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BUSINESS SEGMENTS
12 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
BUSINESS SEGMENTS

In fiscal year 2019, the Company operated in four segments; the testing service industry (which performs structural and electronic tests of semiconductor devices), the designing and manufacturing of equipment (assembly of equipment tests the structural integrity of integrated circuits and other products), distribution of various products from other manufacturers in Singapore and Asia and the real estate segment in China.

 

The revenue allocated to individual countries was based on where the customers were located. The allocation of the cost of equipment, the current year investment in new equipment and depreciation expense have been made on the basis of the primary purpose for which the equipment was acquired.

 

All inter-segment sales were sales from the manufacturing segment to the testing and distribution segment. Total inter-segment sales were $484 in fiscal year 2019 and $879 in fiscal year 2018. Corporate assets mainly consisted of cash and prepaid expenses. Corporate expenses mainly consisted of stock option expenses, salaries, insurance, professional expenses and directors' fees. Corporate expenses are allocated to the four segments on a pre-determined fixed amount calculated based on the annual budgeted sales, except the Malaysia operation, which is calculated based on actual sales. The following segment information table includes segment operating income or loss after including corporate expenses allocated to the segments, which gets eliminated in the consolidation.

 

 

 

Business Segment Information:

                 
  Year         Operating           Depr.        
  Ended   Net     Income     Total     and     Capital  
 

   June 30,

  Revenue     (Loss)     Assets     Amort.     Expenditures  
Manufacturing 2019   $ 14,889     $ 575     $ 9,576     $ 120     $ 52  
  2018   $ 15,978     $ 548     $ 8,549     $ 115     $ 143  
                                         
Testing Services 2019     16,760       (164 )     22,182       2,244       2,789  
  2018     19,391       1,522       23,480       1,997       2,166  
                                         
Distribution 2019     7,451       598       785       -       -  
  2018     6,853       475       789       -       -  
                                         
Real Estate 2019     98       (92 )     3,826       86       -  
  2018     139       (56 )     3,521       102       -  
                                         
Fabrication  2019     -       -       27       -       -  
Services* 2018     -       -       27       -       -  
                                         
Corporate & 2019     -       (123 )     131       -       -  
Unallocated 2018     -       (301 )     108       -       -  
                                         
Total Company 2019   $ 39,198     $ 794     $ 36,527     $ 2,450     $ 2,841  
  2018   $ 42,361     $ 2,188     $ 36,474     $ 2,214     $ 2,309  

 

* Fabrication services is a discontinued operation.