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BANK LOANS PAYABLE (Details) (USD $) | Dec. 31, 2013 | Jun. 30, 2013
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Notes to Financial Statements |  |
Note payable denominated in Malaysian ringgit to a commercial bank for infrastructure investment, maturing in August 2024, bearing interest at the bank’s prime rate (5.1% at December 31, 2013) per annum, with monthly payments of principal plus interest through August 2024, collateralized by the acquired building, with NBV of RM 12,133 or approx. $3,697. | $ 573,000 | $ 885,000
Note payable denominated in U.S. dollars to a financial institution for working capital plans in Singapore and its subsidiaries, maturing in December 2014, bearing interest at the bank’s prime rate plus 1.50% (5.1% at December 31, 2013) per annum, monthly payments of principal plus interest through December 2014. This note payable is secured by plant and equipment with the net book value of Singapore dollars 679, or approximately $537. | 2,351,000 | 2,498,000
Current portion | (717,000) | (770,000)
Long term portion of bank loans payable | $ 2,207,000 | $ 2,613,000

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