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BANK LOANS PAYABLE (Tables) | 12 Months Ended
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Jun. 30, 2013
Bank Loans Payable Tables |
Bank loans payable (In Thousands) | Bank loans payable consisted of the following:
|  | For the Year Ended June 30, |
|  | 2013 |  |  | 2012 |
Note payable denominated in Singapore dollars to a commercial bank for expansion plans in Singapore and China, bearing interest at the bank’s prime rate plus 1.50% (4.75% at June 30, 2012), with monthly payments of principal plus interest of $56, through December 2014. This note payable is secured by equipment with carrying value of $537 on the consolidated balance sheet. |  | $ | 885 |  |  | $ | 1,510 |
Note payable denominated in Malaysian ringgit to a commercial bank for expansion plans in Malaysia, maturing in August 2024, bearing interest at the bank’s lending rate (4.55% at June 30, 2013 and 2012), with monthly payments of principal plus interest of $29 through August 2024 in fiscal 2013, and $29 through August 2014 in fiscal 2012. This loan payable is secured by a charge on the property in Malaysia with a carrying value of $4,252 and $5,635 as at June 30, 2013 and 2012, respectively. |  |  | 2,498 |  |  |  | 2,629 |
Current portion |  |  | (770 | ) |  |  | (766 | )
Long term portion of bank loans payable |  | $ | 2,613 |  |  | $ | 3,373 |
Future minimum payments (In Thousands) | Future minimum payments (excluding interest) as of June 30, 2013 were as follows:
2014 |  | $ | 770 |
2015 |  |  | 413 |
2016 |  |  | 161 |
2017 |  |  | 169 |
2018 |  |  | 178 |
Thereafter |  |  | 1,692 |
Total obligations and commitments |  | $ | 3,383 |

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