Note 14 - Commitments and Contingencies

12 Months Ended

Jun. 30, 2022

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

14. COMMITMENTS AND CONTINGENCIES

The Company had capital commitments in Malaysia and China for the purchase of equipment and other related infrastructure costs amounting to RM220 and RMB1,126,or approximately $50 and $168 as of June 30, 2022. Subsequent to June 30, 2022, the Company entered into contractual commitments of RMB 17,203, or approximately USD 2,567, relating to infrastructure costs to expand capacity in the newly setup China subsidiary. These commitments are primarily due within the next 24 months period.

Deposits with banks are not insured by the local government or agency and are consequently exposed to risk of loss. The Company believes that the probability of bank failure, causing loss to the Company, is remote.

The Company is, from time to time, the subject of litigation claims and assessments arising out of matters occurring in its normal business operations. In the opinion of management, resolution of these matters will not have a material adverse effect on the Company’s consolidated financial statements.