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BANK LOANS PAYABLE (Tables) | 6 Months Ended
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Dec. 31, 2017
Bank Loans Payable Tables |
Bank loans payable |
|  | Dec. 31, 2017 (Unaudited) |  | June 30, 2017
Note payable denominated in RM for expansion plans in Malaysia, maturing in August 2024, bearing interest at the bank’s prime rate less 1.50% (5.25% and 5.25% at December 31, 2017 and June 30, 2017) per annum, with monthly payments of principal plus interest through August 2024, collateralized by the acquired building with a carrying value of $2,800 and 2,671, as at December 31, 2017 and June 30, 2017, respectively. |  |  | 1,518 |  |  |  | 1,735 |
Note payable denominated in U.S. dollars for expansion plans in Singapore and its subsidiaries, maturing in April 2020, bearing interest at the bank’s lending rate (3.96% and 3.96% for December 31, 2017 and June 30, 2017) with monthly payments of principal plus interest through June 2020. This note payable is secured by plant and equipment with a carrying value of $215 and $224, as at December 31, 2017 and June 30, 2017, respectively. |  |  | 363 |  |  |  | 196 |
Total bank loans payable |  | $ | 1,881 |  |  | $ | 1,931 |
Current portion of bank loans payable |  |  | 346 |  |  |  | 271 |
Currency translation effect on current portion of bank loans |  |  | 10 |  |  |  | (11 | )
Current portion of bank loans payable |  |  | 356 |  |  |  | 260 |
Long term portion of bank loans payable |  |  | 1,535 |  |  |  | 1,660 |
Currency translation effect on long-term portion of bank loans |  |  | 82 |  |  |  | (108 | )
Long term portion of bank loans payable |  | $ | 1,617 |  |  | $ | 1,552 |
Future minimum payments |
| 2018 |  |  | $ | 356 |
| 2019 |  |  |  | 373 |
| 2020 |  |  |  | 298 |
| 2021 |  |  |  | 244 |
| 2022 |  |  |  | 127 |
| Thereafter |  |  |  | 575 |
| Total obligations and commitments |  |  | $ | 1,973 |
| 2018 |  |  | $ | 260 |
| 2019 |  |  |  | 273 |
| 2020 |  |  |  | 274 |
| 2021 |  |  |  | 225 |
| 2022 |  |  |  | 236 |
| Thereafter |  |  |  | 544 |
| Total obligations and commitments |  |  | $ | 1,812 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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