LEASES

3 Months Ended

Sep. 30, 2020

Leases [Abstract]

LEASES

Company as Lessor

Operating leases where we are lessor 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 $17 for both 3 months ended September 30, 2020 and September 30, 2019.

Future minimum rental income in China and Thailand to be received from fiscal year 2021 to fiscal year 2022 on non-cancelable operating leases is contractually due as follows as of September 30, 2020:

2021	$	101
2022		117
	$	218

Future minimum rental income in China and Thailand to be received from fiscal year 2021 to fiscal year 2022 on non-cancelable operating leases is contractually due as follows as of June 30, 2020:

2021		120
2022		114
	$	234

Company as Lessee

The Company (or an affiliate) is the lessee under operating leases for corporate offices and research 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,
	2020
	(Unaudited)
Finance Leases(Plant and Equipment)
Plant and equipment, at cost		1,540
Accumulated depreciation		769
Plant and equipment, net		771
Current portion of finance leases		261
Net of current portion of finance leases		560
Total finance lease liabilities		821
Operating Leases (Corporate offices, Research and development facilities)
Operating lease right-of-use assets		819
Current portion of operating leases		425
Net of current portion of operating leases		394
Total operating lease liabilities		819

Lease Cost
Finance Lease Cost:
Interest on Finance Lease	12
Amortization of right-of -use asset	15
Total Finance Lease Cost	27
Operating Lease Costs	186

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

	September 30,
	2020
	(Unaudited)
Cash Paid for amounts included in the measurement of lease liabilities
Operating cash flows from finance leases	(10)
Operating cash flows from operating leases	(174)
Finance cash flows from finance leases	(54)
Right-of-use assets obtained in exchange for new operating lease liabilities	-
Weighted-average remaining lease term:
Finance leases	3.51
Operating leases	1.62
Weighted-average Discount Rate:
Finance leases	3.35%
Operating leases	4.57%

As of September 30, 2020, the maturities of the Company's operating and finance lease liabilities are as follow:

	Operating Lease Liabilities			Finance Lease Liabilities
Fiscal Year
Remainder of 2021	$	452			255
2022	$	308			199
2023		99			123
2024		-			98
2025		-			5
Total future minimum lease payments	$	859			680
Less: amount representing interest		(40	)		(62	)
Present value of net minimum lease payments		819			618
Presentation on statement of financial position
Current	$	425			224
Non-Current	$	394			394

As of June 30, 2020, future minimum lease payments under finance leases and non-cancelable operating leases were as follows:

	Operating Lease Liabilities			Finance Lease Liabilities
Fiscal Year
Remainder of 2021	$	509			265
2022	$	317			211
2023		168			133
2024		-			107
2025		-			20
Total future minimum lease payments	$	994			736
Less: amount representing interest		(40	)		(70	)
Present value of net minimum lease payments		954			666
Presentation on statement of financial position
Current	$	477			231
Non-Current	$	467			435