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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Jun. 30, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 7,478 $ 5,836
Short-term deposits 4,953 6,651
Trade accounts receivable, less allowance for doubtful accounts of $253 and $311, respectively 10,585 8,293
Other receivables 735 325
Contract assets 594 337
Inventories, less provision for obsolete inventories of $709 and $679, respectively 2,272 2,080
Prepaid expenses and other current assets 732 418
Financed sales receivable 21 19
Total current assets 27,370 23,959
NONCURRENT ASSETS:    
Deferred tax assets 189 217
Investment properties, net 636 681
Property, plant and equipment, net 9,107 9,531
Operating lease right-of-use assets 2,602 1,876
Other assets 141 262
Restricted term deposits 1,735 1,741
Financed sales receivable 23 39
Total noncurrent assets 14,433 14,347
TOTAL ASSETS 41,803 38,306
Bank loans payable, net of current portion 1,470 1,621
Finance leases, net of current portion 152 253
Operating leases, net of current portion 1,844 1,204
Income taxes payable, net of current portion 281 385
Other noncurrent liabilities 31 31
Total noncurrent liabilities 3,778 3,494
TOTAL LIABILITIES 13,426 12,253
CURRENT LIABILITIES:    
Lines of credit 523 72
Accounts payable 2,220 3,702
Accrued expenses 3,870 2,690
Contract liabilities 1,172 673
Income taxes payable 476 314
Current portion of bank loans payable 493 439
Current portion of finance leases 136 197
Current portion of operating leases 758 672
Total current liabilities 9,648 8,759
TRIO-TECH INTERNATIONAL’S SHAREHOLDERS’ EQUITY:    
Common stock, no par value, 15,000,000 shares authorized; 4,029,180 shares issued outstanding as at March 31, 2022 and 3,913,055 shares as at June 30, 2021, respectively 12,607 12,178
Paid-in capital 4,692 4,233
Accumulated retained earnings 8,429 6,824
Accumulated other comprehensive income-translation adjustments 2,392 2,399
Total Trio-Tech International shareholders’ equity 28,120 25,634
Noncontrolling interest 257 419
TOTAL EQUITY 28,377 26,053
TOTAL LIABILITIES AND EQUITY $ 41,803 $ 38,306