Note 3 - Term Deposits

12 Months Ended

Jun. 30, 2022

Notes to Financial Statements

Term Deposits [Text Block]

3. TERM DEPOSITS

	June 30, 2022			June 30, 2021
Short-term deposits	$	5,619		$	6,353
Currency translation effect on short-term deposits		(199	)		298
Total short-term deposits		5,420			6,651
Restricted term deposits		1,746			1,682
Currency translation effect on restricted term deposits		(68	)		59
Total restricted term deposits		1,678			1,741
Total term deposits	$	7,098		$	8,392

Restricted deposits represent the amount of cash pledged to secure loans payable granted by financial institutions and serve as collateral for public utility agreements such as electricity and water and performance bonds related to customs duty payable. Restricted term deposits are classified as noncurrent 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.