XML 51 R28.htm IDEA: XBRL DOCUMENT
v3.19.3

LEASES | 3 Months Ended
--- | ---
Sep. 30, 2019
Leases [Abstract] |
LEASES | As Lessor Operating leases arise from the leasing of the Company’s commercial and residential real estate investment property. Initial lease terms generally range from 12 to 60 months. Depreciation expense for assets subject to operating leases is taken into account primarily on the straight-line method over a period of twenty years in amounts necessary to reduce the carrying amount of the asset to its estimated residual value. Depreciation expenses relating to the property held as investments in operating leases was $18 and $14 for the three months ended September 30, 2019 and 2018, respectively. Future minimum rental income in China to be received from fiscal year 2020 to fiscal year 2021 on non-cancellable operating leases is contractually due as follows as of September 30, 2019:
2020 |  | $ | 51 |
2021 |  |  | 22 |
|  | $ | 73 |
Future minimum rental income in China to be received from fiscal year 2020 to fiscal year 2021 on non-cancellable operating leases is contractually due as follows as of June 30, 2019:
2020 |  |  | 72 |
2021 |  |  | 6 |
|  | $ | 78 |
As Lessee The Company has operating leases for corporate offices and development facilities with remaining lease terms of 1 year to 3 years and finance leases for plant and equipment. Supplemental balance sheet information related to leases was as follows (in thousands):
|  | September 30,
|  | 2019
|  | (Unaudited)
Finance Leases (Plant & equipment) |  |  |  |
Plant and equipment, at cost |  |  | 1,829 |
Accumulated depreciation |  |  | 783 |
Plant and equipment, net |  |  | 1,046 |
Current portion of finance leases |  |  | 206 |
Net of current portion of finance leases |  |  | 479 |
Total finance lease liabilities |  |  | 685 |
Operating Leases (Corporate offices and Research and development facilities) |  |  |  |
Operating lease right-of-use assets |  |  | 614 |
Current portion of operating leases |  |  | 362 |
Net of current portion of operating leases |  |  | 219 |
Total operating lease liabilities |  |  | 581 |
Lease Cost |  |  |  |
Interest on Finance Lease |  |  | 12 |
Operating Lease costs |  |  | 175 |
|  |  | 187 |
Other information related to leases were as follows (in thousands except lease term and discount rate):
|  | September 30,
|  | 2019
|  | (Unaudited)
Cash Paid for amounts included in the measurement of lease liabilities |  |  |  |
Finance cash flows from finance leases |  |  | 65 |
Finance cash flows from operating leases |  |  | 184 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  |  |  |
Weighted-average remaining lease term: |  |  |  |
Finance leases |  |  | 3.29 |
Operating leases |  |  | 1.16 |
Weighted-average Discount Rate: |  |  |  |
Finance leases |  |  | 3.51 | %
Operating leases |  |  | 3.02 | %
As of September 30, 2019, the maturities of the Company's operating lease liabilities are as follow:
|  | Operating lease Liabilities |  | Finance Lease Liabilities
Fiscal Year |  |  |  |  |  |  |  |
Remainder of 2020 |  | $ | 368 |  |  |  | 242 |
2021 |  |  | 200 |  |  |  | 215 |
2022 |  |  | 40 |  |  |  | 161 |
2023 |  |  | 1 |  |  |  | 81 |
2024 |  |  | — |  |  |  | 58 |
Total future minimum lease payments |  | $ | 609 |  |  |  | 757 |
Less: amount representing interest |  |  | (28 | ) |  |  | (72 | )
Present value of net minimum lease payments |  |  | 581 |  |  |  | 685 |
Presentation on statement of financial position |  |  |  |  |  |  |  |
Current |  | $ | 362 |  |  |  | 206 |
Non Current |  | $ | 219 |  |  |  | 479 |
As of Jun 30, 2019, future minimum lease payments under finance leases and non-cancelable operating leases were as follows:
Fiscal Year |  | Operating lease Liabilities |  |  | Finance Lease Liabilities |
2020 |  | $ | 620 |  |  |  | 283 |
2021 |  |  | 216 |  |  |  | 187 |
2022 |  |  | 47 |  |  |  | 143 |
2023 |  |  | 1 |  |  |  | 68 |
2024 |  |  | - |  |  |  | 44 |
Total future minimum lease payments |  | $ | 884 |  |  |  | 725 |

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
Name: | us-gaap_LeasesOfLesseeDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration