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INCOME TAXES (Tables) | 12 Months Ended
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Jun. 30, 2020
Income Tax Disclosure [Abstract] |
Income before provision for income taxes |
|  | For the Year Ended June 30, |
|  | 2020 |  |  | 2019 |
United States |  |  | (662 | ) |  |  | (308 | )
International |  |  | 1,857 |  |  |  | 1,717 |
Total |  | $ | 1,195 |  |  | $ | 1,409 |
Components of income tax provision (benefits) |
|  | For the Year Ended June 30, |
|  | 2020 |  |  | 2019 |
Current: |  |  |  |  |  |
Federal |  | $ | (1 | ) |  | $ | (337 | )
State |  |  | 2 |  |  |  | 2 |
Foreign |  |  | 212 |  |  |  | 289 |
|  | $ | 213 |  |  | $ | (46 | )
Deferred: |  |  |  |  |  |  |  |
Federal |  | $ | - |  |  | $ | - |
State |  |  | - |  |  |  | - |
Foreign |  |  | (225 | ) |  |  | 4 |
|  |  | (225 | ) |  |  | 4 |
Total provisions |  | $ | (12 | ) |  | $ | (42 | )
Reconciliation of income tax rate |
|  | For the Year Ended June 30, |
|  | 2020 |  |  | 2019 |
Statutory federal tax rate |  |  | 21.00 | % |  |  | 21.00 | %
State taxes, net of federal benefit |  |  | (0.50 | ) |  |  | (0.22 | )
Permanent items and credits |  |  | 13.95 |  |  |  | 11.23 |
Foreign rate differential |  |  | (33.86 | ) |  |  | (4.76 | )
Other |  |  | 2.14 |  |  |  | 4.71 |
Changes in valuation allowance |  |  | (3.73 | ) |  |  | (11.11 | )
Tax reform related to one-time repatriation tax |  |  | - |  |  |  | (23.83 | )
Effective rate |  |  | (1.00 | )% |  |  | (2.98 | )%
Deferred income tax assets (liabilities) |
|  | For the Year Ended June 30, |
Deferred tax assets: |  | 2020 |  |  | 2019 |
Net operating losses and credits |  | $ | 487 |  |  | $ | 363 |
Inventory valuation |  |  | 121 |  |  |  | 64 |
Provision for bad debts |  |  | 785 |  |  |  | 296 |
Accrued vacation |  |  | 37 |  |  |  | 94 |
Accrued expenses |  |  | 188 |  |  |  | 325 |
Fixed asset basis |  |  | 1 |  |  |  | 23 |
Investment in subsidiaries |  |  | 277 |  |  |  | - |
Unrealized gain |  |  | 24 |  |  |  | 55 |
Other |  |  | 51 |  |  |  | 73 |
Total deferred tax assets |  | $ | 1,971 |  |  | $ | 1,293 |
Deferred tax liabilities: |  |  |  |  |  |
Depreciation |  |  | (359 | ) |  |  | (390 | )
Others |  |  | (76 | ) |  |  | (78 | )
Total deferred income tax liabilities |  | $ | (435 | ) |  | $ | (468 | )
Subtotal |  |  | 1,536 |  |  |  | 825 |
Valuation allowance |  |  | (1,289 | ) |  |  | (762 | )
Net deferred tax assets |  | $ | 247 |  |  | $ | 63 |
Presented as follows in the balance sheets: |  |  |  |  |  |  |  |
Deferred tax assets |  |  | 247 |  |  |  | 390 |
Deferred tax liabilities |  |  | - |  |  |  | (327 | )
Net deferred tax assets |  | $ | 247 |  |  | $ | 63 |

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