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BANK LOANS PAYABLE (Tables) | 12 Months Ended
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Jun. 30, 2014
Bank Loans Payable Tables |
Bank loans payable |
|  | For the Year Ended June 30, |
|  | 2014 |  |  | 2013 |
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, 2014 and 2013), with monthly payments of principal plus interest of $54 through December 2014. This note payable is secured by equipment with a carrying value of $469 and $537 on the consolidated balance sheet. |  |  | 260 |  |  |  | 885 |
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 (5.35% at June 30, 2014 and 2013), with monthly payments of principal plus interest of $23 through August 2024 in fiscal year 2014, and $29 through August 2024 in fiscal year 2013. This loan payable is secured by a charge on the property in Malaysia with a carrying value of $3,748 and $4,252 as at June 30, 2014 and 2013, respectively. |  |  | 2,786 |  |  |  | 2,498 |
Current portion |  |  | (448 | ) |  |  | (770 | )
Long term portion of bank loans payable |  | $ | 2,598 |  |  | $ | 2,613 |
Future minimum payments | Future minimum payments (excluding interest) as of June 30, 2014 were as follows:
2015 |  | $ | 448 |
2016 |  |  | 198 |
2017 |  |  | 209 |
2018 |  |  | 220 |
2019 |  |  | 138 |
Thereafter |  |  | 1,833 |
Total obligations and commitments |  | $ | 3,046 |
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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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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