LEASES

6 Months Ended

Dec. 31, 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 $18for both the 3 months ended December 31, 2020 and December 31, 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 December 31, 2020:

2021	$	68
2022		110
	$	178

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 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):

	Dec. 31, 2020 (Unaudited)			June 30, 2020
Finance Leases (Plant and Equipment)
Plant and equipment, at cost	$	1,880		$	1,372
Accumulated depreciation		(864	)		(526	)
Plant and Equipment, Net	$	1,016		$	846
Current portion of finance leases		227			231
Net of current portion of finance leases		353			435
Total Finance Lease Liabilities	$	580		$	666
Operating Leases (Corporate Offices, Research and Development Facilities)
Operating lease right-of-use assets		1,514			944
Current portion of operating leases		562			477
Net of current portion of operating leases		952			467
Total Operating Lease Liabilities	$	1,514		$	944

	Three Months Ended				Six Months Ended
	Dec. 31,		Dec. 31,		Dec. 31,		Dec. 31,
	2020		2019		2020		2019
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
Lease Cost
Finance lease cost:
Interest on finance lease	$	8	$	3	$	20	$	24
Amortization of right-of -use assets		63		69		125		136
Total finance lease cost	$	71	$	72	$	145	$	160
Operating Lease Costs	$	189	$	184	$	375	$	359

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

	Six months ended			Six months ended
	December 31,			December 31,
	2020			2019
	(Unaudited)			(Unaudited)
Cash Paid for Amounts Included in the Measurement of Lease Liabilities
Operating cash flows from finance leases	$	19		$	24
Operating cash flows from operating leases	$	375		$	359
Finance cash flows from finance leases	$	-		$	127
Right-of-Use Assets Obtained in Exchange for New Operating Lease Liabilities		847			-
Weighted-Average Remaining Lease Term:
Finance leases		3.31			3.67
Operating leases		2.97			0.97
Weighted-Average Discount Rate:
Finance leases		3.36	%		3.43	%
Operating leases		4.72	%		3.25	%

As of December 31, 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	$	625		$	137
2022		519			220
2023		235			141
2024		151			114
2025		114			22
Total future minimum lease payments		1,644			634
Less: amount representing interest		(130	)		(54	)
Present value of net minimum lease payments	$	1,514		$	580
Presentation on statement of financial position
Current	$	562		$	227
Non-current	$	952		$	353

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
2021	$	509		$	265
2022		317			211
2023		168			133
2024		-			107
2025		-			20
Total future minimum lease payments		994			736
Less: amount representing interest		(50	)		(70	)
Present value of net minimum lease payments	$	944		$	666
Presentation on statement of financial position
Current	$	477			231
Non-current	$	467			435