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BANK LOANS PAYABLE (Tables) | 3 Months Ended
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Sep. 30, 2014
Bank Loans Payable Tables |
Bank loans payable |
|  | Sept. 30, 2014 (Unaudited) |  |  | June 30, 2014 |
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 (4.6% and 5.1% at September 30, 2014) per annum, with monthly payments of principal plus interest through August 2024, collateralized by the acquired building with a carrying value of $3,804. |  |  | 2,692 |  |  |  | 2,786 |
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% (4.75% at September 30, 2014) with monthly payments of principal plus interest through December 2014. This note payable is secured by plant and equipment with a carrying value of $429. |  |  | 104 |  |  |  | 260 |
Current portion |  |  | (292 | ) |  |  | (448 | )
Long term portion of bank loans payable |  | $ | 2,504 |  |  | $ | 2,598 |
Future minimum payments |
2015 |  | $ | 292 |  |  | $ | 448 |
2016 |  |  | 197 |  |  |  | 198 |
2017 |  |  | 208 |  |  |  | 209 |
2018 |  |  | 219 |  |  |  | 220 |
2019 |  |  | 230 |  |  |  | 138 |
Thereafter |  |  | 1,650 |  |  |  | 1,833 |
Total obligations and commitments |  | $ | 2,796 |  |  | $ | 3,046 |

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