Note 12 - Bank Loans Payable

3 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Debt Disclosure [Text Block]

12.   BANK LOANS PAYABLE

Bank loans payable consisted of the following:

	Sept. 30,			June 30,
	2022			2022
	(Unaudited)
Note payable denominated in the Malaysian Ringgit for expansion plans in Malaysia, maturing in April 2028, bearing interest at the bank’s prime rate less 2.00% (3.6% and 3.791% at September 30, 2022 and June 30, 2022) per annum, with monthly payments of principal plus interest through August 2028, collateralized by the acquired building with a carrying value of $2,375 and $2,372, as at September 30, 2022 and June 30, 2022, respectively.	$	1,254		$	1,392
Financing arrangement at fixed interest rate 3.2% per annum, with monthly payments of principal plus interest through July 2025.		114			128
Financing arrangement at fixed interest rate 3.0% per annum, with monthly payments of principal plus interest through December 2026.		206			224
Financing arrangement at fixed interest rate 3.0% per annum, with monthly payments of principal plus interest through August 2027.		168			-
Total bank loans payable	$	1,742		$	1,744
Current portion of bank loans payable		508			503
Currency translation effect on current portion of bank loans		(17	)		(31	)
Current portion of bank loans payable		491			472
Long-term portion of bank loans payable		1,295			1,357
Currency translation effect on long-term portion of bank loans		(44	)		(85	)
Long-term portion of bank loans payable	$	1,251			1,272

Future minimum payments (excluding interest) as at September 30, 2022, were as follows:

Remainder of Fiscal 2023	$	367
2024		497
2025		270
2026		242
2027		221
Thereafter		145
Total obligations and commitments	$	1,742

Future minimum payments (excluding interest) as at June 30, 2022, were as follows:

2023	$	472
2024		481
2025		246
2026		214
2027		190
Thereafter		141
Total obligations and commitments	$	1,744