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INVENTORIES | 6 Months Ended
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Dec. 31, 2018
Notes to Financial Statements |
INVENTORIES | Inventories consisted of the following:
|  | Dec. 31, 2018 (Unaudited) |  |  | June 30, 2018 |
Raw materials |  | $ | 1,156 |  |  | $ | 1,153 |
Work in progress |  |  | 1,612 |  |  |  | 1,947 |
Finished goods |  |  | 565 |  |  |  | 505 |
Currency translation effect |  |  | (8 | ) |  |  | 20 |
Less: provision for obsolete inventory |  |  | (695 | ) |  |  | (695 | )
|  | $ | 2,630 |  |  | $ | 2,930 |
The following table represents the changes in provision for obsolete inventory:
|  | Dec. 31, 2018 (Unaudited) |  |  | June 30, 2018 |
Beginning |  | $ | 695 |  |  | $ | 686 |
Additions charged to expenses |  |  | 3 |  |  |  | 9 |
Usage – disposition |  |  | (2 | ) |  |  | (5 | )
Currency translation effect |  |  | (1 | ) |  |  | 5 |
Ending |  | $ | 695 |  |  | $ | 695 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 330 -URI http://asc.fasb.org/topic&trid=2126998 + Details
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