INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2019

Income Tax Disclosure [Abstract]

Components of income tax provision (benefits)

Income before provision for income taxes consists of the following:

	For the Year Ended June 30,
	2019			2018
United States		(308	)		(180	)
International		1,717			2,470
Total	$	1,409		$	2,290

The components of the provision for income taxes are as follows:

	For the Year Ended June 30,
	2019			2018
Current:
Federal	$	(337	)	$	900
State		2			2
Foreign		289			79
	$	(46	)	$	981
Deferred:
Federal	$	-		$	-
State		-			-
Foreign		4			6
		4			6
Total provisions	$	(42	)	$	987

Reconciliation of income tax rate

	For the Year Ended June 30,
	2019			2018
Statutory federal tax rate		21.00	%		(27.55	)%
State taxes, net of federal benefit		(0.22	)		(6.00	)
Permanent items and credits		11.23			-
Foreign rate differential		(4.76	)		32.98
Other		4.71			(1.45	)
Changes in valuation allowance		(11.11	)		4.01
Tax reform related to one-time repatriation tax		(23.83	)		(45.0	)
Effective rate		(2.98	)%		(43.10	)%

Deferred income tax assets (liabilities)

	For the Year Ended June 30,
	2019		2018
Deferred tax assets:
Net operating losses and credits	$	363	$	633
Inventory valuation		64		69
Provision for bad debts		296		112
Accrued vacation		94		3
Accrued expenses		325		629
Fixed asset basis		23		-
Investment in subsidiaries		-		61
Unrealized gain		55		4
Other		73		3
Total deferred tax assets	$	1,293	$	1,514

Deferred tax liabilities:
Depreciation		(390	)		(324	)
Others		(78	)		-
Total deferred income tax liabilities	$	(468	)	$	(324	)
Subtotal		825			1,190
Valuation allowance		(762	)		(1,117	)
Net deferred tax assets	$	63		$	73
Presented as follows in the balance sheets:
Deferred tax assets		390			400
Deferred tax liabilities		(327	)		(327	)
Net deferred tax assets	$	63		$	73