LEASES

3 Months Ended

Sep. 30, 2019

Leases [Abstract]

LEASES

As Lessor

Operating leases arise from the leasing of the Company’s commercial and residential real estate investment property. Initial lease terms generally range from 12 to 60 months. Depreciation expense for assets subject to operating leases is taken into account primarily on the straight-line method over a period of twenty years in amounts necessary to reduce the carrying amount of the asset to its estimated residual value. Depreciation expenses relating to the property held as investments in operating leases was $18 and $14 for the three months ended September 30, 2019 and 2018, respectively.

Future minimum rental income in China to be received from fiscal year 2020 to fiscal year 2021 on non-cancellable operating leases is contractually due as follows as of September 30, 2019:

2020	$	51
2021		22
	$	73

Future minimum rental income in China to be received from fiscal year 2020 to fiscal year 2021 on non-cancellable operating leases is contractually due as follows as of June 30, 2019:

2020		72
2021		6
	$	78

As Lessee

The Company has operating leases for corporate offices and development facilities with remaining lease terms of 1 year to 3 years and finance leases for plant and equipment.

Supplemental balance sheet information related to leases was as follows (in thousands):

	September 30,
	2019
	(Unaudited)
Finance Leases (Plant & equipment)
Plant and equipment, at cost		1,829
Accumulated depreciation		783
Plant and equipment, net		1,046
Current portion of finance leases		206
Net of current portion of finance leases		479
Total finance lease liabilities		685
Operating Leases (Corporate offices and Research and development facilities)
Operating lease right-of-use assets		614
Current portion of operating leases		362
Net of current portion of operating leases		219
Total operating lease liabilities		581
Lease Cost
Interest on Finance Lease		12
Operating Lease costs		175
		187

Other information related to leases were as follows (in thousands except lease term and discount rate):

	September 30,
	2019
	(Unaudited)
Cash Paid for amounts included in the measurement of lease liabilities
Finance cash flows from finance leases		65
Finance cash flows from operating leases		184
Right-of-use assets obtained in exchange for new operating lease liabilities
Weighted-average remaining lease term:
Finance leases		3.29
Operating leases		1.16
Weighted-average Discount Rate:
Finance leases		3.51	%
Operating leases		3.02	%

As of September 30, 2019, the maturities of the Company's operating lease liabilities are as follow:

	Operating lease Liabilities			Finance Lease Liabilities
Fiscal Year
Remainder of 2020	$	368			242
2021		200			215
2022		40			161
2023		1			81
2024		—			58
Total future minimum lease payments	$	609			757
Less: amount representing interest		(28	)		(72	)
Present value of net minimum lease payments		581			685
Presentation on statement of financial position
Current	$	362			206
Non Current	$	219			479

As of Jun 30, 2019, future minimum lease payments under finance leases and non-cancelable operating leases were as follows:

Fiscal Year	Operating lease Liabilities		Finance Lease Liabilities
2020	$	620		283
2021		216		187
2022		47		143
2023		1		68
2024		-		44
Total future minimum lease payments	$	884		725