Note 4 - Trade Account Receivables and Allowance for Doubtful Accounts

3 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

4.   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 September 30, 2022, and June 30, 2022, was adequate.  

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

	Sept. 30,			June 30,
	2022			2022
	(Unaudited)
Beginning	$	243		$	311
Additions charged to expenses		-			48
Recovered		(17	)		(106	)
Currency translation effect		(11	)		(10	)
Ending	$	215		$	243