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TERM DEPOSITS
6 Months Ended
Dec. 31, 2019
Deposits [Abstract]  
TERM DEPOSITS
   Dec. 31,
 2019
(Unaudited)
  June 30,
 2019
       
Short-term deposits  $6,844   $4,143 
Currency translation effect on short-term deposits   44    1 
Total short-term deposits   6,888    4,144 
Restricted term deposits   1,754    1,701 
Currency translation effect on restricted term deposits   (38)   5 
Total restricted term deposits   1,716    1,706 
Total term deposits  $8,604   $5,850 

 

Restricted deposits represent the amount of cash pledged to secure loans payable to financial institutions and serve as collateral for public utility agreements such as electricity and water and performance bonds related to customs duty payable. Restricted deposits are classified as non-current assets, as they relate to long-term obligations and will become unrestricted only upon discharge of the obligations. Short-term deposits represent bank deposits, which do not qualify as cash equivalents.