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6. INVENTORIES | 12 Months Ended
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Jun. 30, 2016
Notes to Financial Statements |
INVENTORIES (IN THOUSANDS, EXCEPT EARNINGS PER SHARE AND NUMBER OF SHARES) | Inventories consisted of the following:
|  | For the Year Ended June 30,
|  | 2016 |  | 2015
Raw materials |  | $ | 967 |  |  | $ | 1,038 |
Work in progress |  |  | 909 |  |  |  | 611 |
Finished goods |  |  | 279 |  |  |  | 348 |
Less: provision for obsolete inventory |  |  | (697 | ) |  |  | (764 | )
Currency translation effect |  |  | 2 |  |  |  | (92 | )
|  | $ | 1,460 |  |  | $ | 1,141 |
The following table represents the changes in provision for obsolete inventory:
|  | For the Year Ended June 30,
|  | 2016 |  | 2015
Beginning |  | $ | 764 |  |  | $ | 844 |
Additions charged to expenses |  |  | 22 |  |  |  | 67 |
Usage - disposition |  |  | (86 | ) |  |  | (103 | )
Currency translation effect |  |  | (3 | ) |  |  | (44 | )
Ending |  | $ | 697 |  |  | $ | 764 |

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.6) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: 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 + Details
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