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Commitments And Contingencies
 12 Months Ended
Jun. 30, 2021
Commitments And Contingencies [Abstract]  
Commitments And Contingencies
21.
 
COMMITMENTS
 
AND
 
CONTINGENCIES
 
 
Capital commitments
 
 
As
 
of
 
June
 
30,
 
2021
 
and
 
2020,
 
the
 
Company
 
had
 
outstanding
 
capital
 
commitments
 
of
 
approximately
 
$
0.3
 
million
 
and
 
$
0.1
million, respectively.
 
 
Purchase obligations
 
As of June
 
30, 2021 and 2020,
 
the Company had
 
purchase obligations totaling
 
$
2.5
 
million and $
1.7
 
million, respectively.
 
The
purchase obligations as of June
 
30, 2021, primarily include inventory
 
that will be delivered to the
 
Company and sold to customers in
the second half of calendar 2021.
 
 
Guarantees
 
The South African
 
Revenue Service and
 
certain of the
 
Company’s customers,
 
suppliers and other
 
business partners have
 
asked
the Company
 
to provide them
 
with guarantees,
 
including standby letters
 
of credit,
 
issued by a
 
South African bank.
 
The Company
 
is
required to procure these guarantees for these third parties to operate
 
its business.
 
 
Nedbank has issued guarantees to
 
these third parties amounting to
 
ZAR
156.6
 
million ($
10.9
 
million, translated at exchange rates
applicable
 
as
 
of
 
June
 
30,
 
2021)
 
thereby
 
utilizing
 
part
 
of
 
the
 
Company’s
 
short-term
 
facilities.
 
The
 
Company
 
pays
 
commission
 
of
between
0.4
% per annum to
1.94
% per annum of the face value of these guarantees and does not recover any of the commission from
third parties.
 
The Company has not recognized any obligation related to
 
these guarantees in its consolidated balance sheet as of
 
June 30, 2021.
The maximum potential
 
amount that the Company
 
could pay under
 
these guarantees is ZAR
156.6
 
million ($
10.9
 
million, translated
at exchange rates applicable as of June 30, 2021).
 
As discussed in Note 11, the Company has ceded and pledged certain
 
bank accounts
to
 
Nedbank
 
as security
 
for
 
certain
 
of
 
these
 
guarantees
 
with
 
an
 
aggregate
 
value
 
of
 
ZAR 156.6
 
million
 
($10.9
 
million
 
translated
 
at
exchange rates
 
applicable as
 
of June
 
30, 2021).
 
The guarantees
 
have reduced
 
the amount
 
available under
 
its indirect
 
and derivative
facilities
 
in
 
the
 
Company’s
 
short
-
term
 
credit
 
facility
 
described
 
in
 
Note
 
11.
 
 
21.
 
COMMITMENTS
 
AND
 
CONTINGENCIES
 
(continued)
 
 
Contingencies
 
The
 
Company
 
is
 
subject
 
to
 
a
 
variety
 
of
 
insignificant
 
claims
 
and
 
suits
 
that
 
arise
 
from
 
time
 
to
 
time
 
in
 
the
 
ordinary
 
course
 
of
business. Management
 
currently believes
 
that the
 
resolution of
 
these other
 
matters, individually
 
or in
 
the aggregate,
 
will not
 
have a
material adverse impact on the Company’s
 
financial position, results of operations or cash flows.