Financial Instruments

12 Months Ended

Jun. 30, 2017

Financial Instruments [Abstract]

Financial Instruments

8.           Financial Instruments

The following table presents our investments at June 30, 2017 and 2016 that are measured and recorded at fair value on a recurring basis consistent with the fair value hierarchy provisions of ASC 820 (in thousands):

Description	June 30, 2017		Level 1		Level 2		Level 3
Mutual funds	$	-	$	-	$	-	$	-
Time/Fixed Deposits and Bank Guarantees		1,572		-		1,572		-
Preferred Stock		725		-		-		725
Total	$	2,297	$	-	$	1,572	$	725
Description	June 30, 2016		Level 1		Level 2		Level 3
Mutual funds	$	29	$	29	$	-	$	-
Time/Fixed Deposits and Bank Guarantees		1,490		-		1,490		-
Preferred Stock		725		-		-		725
Total	$	2,244	$	29	$	1,490	$	725

During fiscal years 2017 and 2016, we did not record any other-than-temporary impairments on our financial assets required to be measured on a recurring basis.