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BANK LOANS PAYABLE (Tables) | 3 Months Ended
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Sep. 30, 2020
Loans Payable [Abstract] |
Bank loans payable | Bank loans payable consisted of the following:
|  | Sept. 30, 2020 (Unaudited) |  | June 30, 2020
Note payable denominated in RM for expansion plans in Malaysia, maturing in August 2028, bearing interest at the bank’s prime rate less 2.00% (3.85% at September 30, 2020 and June 30, 2020, respectively) per annum, with monthly payments of principal plus interest through August 2028, collateralized by the acquired building with a carrying value of $2,621 and $2,543, as at September 30, 2020 and June 30, 2020, respectively. |  |  | 2,113 |  |  |  | 2,295 |
Financing arrangement at fixed interest rate 3.2% per annum, with monthly payments of principal plus interest through July 2025. |  |  | 199 |  |  |  | — |
Total bank loans payable |  | $ | 2,312 |  |  | $ | 2,295 |
Current portion of bank loans payable |  |  | 413 |  |  |  | 384 |
Currency translation effect on current portion of bank loans |  |  | 12 |  |  |  | (14 | )
Current portion of bank loans payable |  |  | 425 |  |  |  | 370 |
Long-term portion of bank loans payable |  |  | 1,899 |  |  |  | 1,911 |
Currency translation effect on long-term portion of bank loans |  |  | 57 |  |  |  | (75 | )
Long-term portion of bank loans payable |  | $ | 1,956 |  |  | $ | 1,836 |
Future minimum payments | Future minimum payments (excluding interest) as at September 30, 2020 were as follows:
Remainder of fiscal 2021 |  | $ | 429 |
2022 |  |  | 442 |
2023 |  |  | 457 |
2024 |  |  | 397 |
2025 |  |  | 201 |
Thereafter |  |  | 455 |
Total obligations and commitments |  | $ | 2,381 |
Future minimum payments (excluding interest) as at June 30, 2020 were as follows:
2021 |  | $ | 370 |
2022 |  |  | 384 |
2023 |  |  | 400 |
2024 |  |  | 403 |
2025 |  |  | 158 |
Thereafter |  |  | 491 |
Total obligations and commitments |  | $ | 2,206 |

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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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