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INVENTORIES (Tables) | 12 Months Ended
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Jun. 30, 2014
Inventories Tables |
Inventories | Inventories consisted of the following:
|  | For the Year Ended June 30, |
|  | 2014 |  |  | 2013 |
Raw materials |  | $ | 1,165 |  |  | $ | 1,072 |
Work in progress |  |  | 583 |  |  |  | 1,930 |
Finished goods |  |  | 184 |  |  |  | 356 |
Less: provision for obsolete inventory |  |  | (844 | ) |  |  | (912 | )
Currency translation effect |  |  | 18 |  |  |  | 17 |
|  | $ | 1,106 |  |  | $ | 2,463 |
Changes in provision for obsolete inventory | The following table represents the changes in provision for obsolete inventory:
| For the Year Ended June 30, |
| 2014 |  | 2013 |
Beginning | $ | 912 |  |  | $ | 884 |
Additions charged to expenses |  | - |  |  |  | 38 |
Usage - disposition |  | (76 | ) |  |  | (14 | )
Currency translation effect |  | 8 |  |  |  | 4 |
Ending | $ | 844 |  |  | $ | 912 |

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- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 2 -Paragraph 6 -Subparagraph a,b,c -Article 5 + Details
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