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WARRANTY ACCRUAL | 12 Months Ended
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Jun. 30, 2014
Notes to Financial Statements |
WARRANTY ACCRUAL (IN THOUSANDS, EXCEPT EARNINGS PER SHARE AND NUMBER OF SHARES) | The Company provides for the estimated costs that may be incurred under its warranty program at the time the sale is recorded. The Company provides warranty for products manufactured in the term of one year. The Company estimates the warranty costs based on the historical rates of warranty returns. The Company periodically assesses the adequacy of its recorded warranty liability and records the amounts as necessary.
|  | For the Year Ended June 30, |
|  | 2014 |  |  | 2013 |
Beginning |  | $ | 61 |  |  | $ | 60 |
Additions charged to cost and expenses |  |  | 23 |  |  |  | 1 |
Recovered |  |  | (25 | ) |  |  | - |
Currency translation effect |  |  | 1 |  |  |  | - |
Ending |  | $ | 60 |  |  | $ | 61 |

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- Definition The entire disclosure for standard and extended product warranties and other product guarantee contracts, including a tabular reconciliation of the changes in the guarantor's aggregate product warranty liability for the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249 + Details
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