TRADE ACCOUNTS RECEIVABLE AND ALLOWANCE FOR DOUBTFUL ACCOUNTS

6 Months Ended

Dec. 31, 2020

Accounts Receivable, after Allowance for Credit Loss [Abstract]

TRADE ACCOUNTS RECEIVABLE AND ALLOWANCE FOR DOUBTFUL ACCOUNTS

Accounts receivable are customer obligations due under normal trade terms. The Company performs continuing credit evaluations of its customers’ financial conditions, and although management generally does not require collateral, letters of credit may be required from the customers in certain circumstances.

Senior management reviews accounts receivable on a periodic basis to determine if any receivables will potentially be uncollectible. Management includes any accounts receivable balances that are determined to be uncollectible in the allowance for doubtful accounts. After all reasonable attempts to collect a receivable have failed, the receivable is written off against the allowance. Based on the information available, management believed the allowance for doubtful accounts as of December 31, 2020 and June 30, 2020 was adequate.  

The following table represents the changes in the allowance for doubtful accounts: 

	Dec. 31,  2020 (Unaudited)			June 30,  2020
Beginning	$	314		$	263
Additions charged to expenses		-			351
Recovered		(15	)		(284	)
Write-off		-			(9	)
Currency translation effect		21			(7	)
Ending	$	320		$	314