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BANK LOANS PAYABLE (Tables) | 12 Months Ended
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Jun. 30, 2020
Loans Payable [Abstract] |
Bank loans payable |
|  | June 30, 2020 |  |  | June 30, 2019 |
Note payable denominated in RM for expansion plans in Malaysia, maturing in August 2024, bearing interest rates at 3.85% and 4.80% at June 30, 2020 and June 30, 2019 per annum, respectively, with monthly payments of principal plus interest through August 2024, collateralized by the acquired building with a carrying value of $2,543 and $2,683, as at June 30, 2020 and June 30, 2019, respectively. |  | $ | 2,295 |  |  | $ | 2 ,696 |
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% for both June 30, 2020 and June 30, 2019) with monthly payments of principal plus interest through April 2017. This note payable is secured by plant and equipment with a carrying value of $nil as of June 30,2020 and $187 as of June 30, 2019. The loans were fully repaid in June 2020. |  |  | - |  |  |  | 142 |
Total bank loans payable |  |  | 2,295 |  |  |  | 2,838 |
Current portion of bank loan payable |  |  | 384 |  |  |  | 494 |
Currency translation effect on current portion of bank loan |  |  | (14 | ) |  |  | (6 | )
Current portion of bank loan payable |  |  | 370 |  |  |  | 488 |
Long term portion of bank loan payable |  |  | 1,911 |  |  |  | 2,344 |
Currency translation effect on long-term portion of bank loan |  |  | (75 | ) |  |  | (52 | )
Long term portion of bank loans payable |  | $ | 1,836 |  |  | $ | 2,292 |
Future minimum payments | Future minimum payments (excluding interest) as of June 30, 2020 were as follows:
2021 |  | $ | 370 |
2022 |  |  | 384 |
2023 |  |  | 400 |
2024 |  |  | 403 |
2025 |  |  | 158 |
Thereafter |  |  | 491 |
Total obligations and commitments |  | $ | 2,206 |
Future minimum payments (excluding interest) as of June 30, 2019 were as follows:
2020 |  | $ | 488 |
2021 |  |  | 362 |
2022 |  |  | 380 |
2023 |  |  | 399 |
2024 |  |  | 407 |
Thereafter |  |  | 744 |
Total obligations and commitments |  | $ | 2,780 |

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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 maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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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