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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Revenue        
Manufacturing $ 3,130 $ 2,519 $ 9,324 $ 8,881
Testing services 3,504 3,741 10,018 12,018
Distribution 1,467 2,225 3,790 6,338
Real estate 11 16 22 49
Total 8,112 8,501 23,154 27,286
Cost of Sales        
Cost of manufactured products sold 2,148 1,851 6,855 6,789
Cost of testing services rendered 2,651 2,937 7,651 9,046
Cost of distribution 1,234 1,909 3,142 5,454
Cost of real estate 19 18 58 54
Total 6,052 6,715 17,706 21,343
Gross margin 2,060 1,786 5,448 5,943
Operating Expenses        
General and administrative 1,923 1,754 5,245 5,319
Selling 123 181 356 547
Research and development 79 79 277 280
Impairment loss on long-lived assets 0 139 0 139
Gain on disposal of property, plant and equipment 0 0 (1) (24)
Total operating expenses 2,125 2,153 5,877 6,261
Loss from operations (65) (367) (429) (318)
Other Income/(Expenses)        
Interest expenses (25) (63) (96) (186)
Gain on sale of asset held for sale 0 0 0 1,172
Other income, net 273 440 627 590
Total other income/(expenses) 248 377 531 1,576
Income/(loss) from continuing operations before income taxes 183 10 102 1,258
Income tax expenses (118) 8 (125) (112)
Income/(loss) from continuing operations before non-controlling interest, net of tax 65 18 (23) 1,146
Discontinued Operations        
Income/(loss) from discontinued operations, net of tax 1 (21) (26) (21)
Net income/(loss) 66 (3) (49) 1,125
Less: net (loss)/income attributable to non-controlling interest (112) (73) (454) 356
Net income attributable to Trio-Tech International common shareholders 178 70 405 769
Amounts Attributable to Trio-Tech International Common Shareholders:        
Income from continuing operations, net of tax 177 81 418 780
(Loss)/income from discontinued operations, net of tax 1 (11) (13) (11)
Net income attributable to Trio-Tech International common shareholders $ 178 $ 70 $ 405 $ 769
Basic Earnings per Share:        
Basic earnings per share from continuing operations attributable to Trio-Tech International $ 0.05 $ 0.02 $ .11 $ 0.21
Basic earnings per share from discontinued operations attributable to Trio-Tech International 0 0 0 0
Basic earnings per share from net income attributable to Trio-Tech International 0.05 0.02 .11 0.21
Diluted Earnings per Share:        
Diluted earnings per share from continuing operations attributable to Trio-Tech International 0.04 0.02 .10 0.21
Diluted earnings per share from discontinued operations attributable to Trio-Tech International 0 0 0 0
Diluted earnings per share from net income attributable to Trio-Tech International $ 0.04 $ 0.02 $ .10 $ 0.21
Weighted average number of common shares outstanding basic (in thousands) 3,913 3,673 3,913 3,673
Dilutive effect of stock options (in thousands) 133 86 117 61
Number of shares used to compute earnings per share diluted (in thousands) 4,046 3,759 4,030 3,734