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BANK LOANS PAYABLE (Tables)
9 Months Ended
Mar. 31, 2021
Loans Payable [Abstract]  
Bank loans payable
   

Mar. 31, 2021

(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% for both March 31, 2021 and June 30, 2020) per annum, with monthly payments of principal plus interest through August 2028, collateralized by the acquired building with a carrying value of $2,591 and $2,543, as at March 31, 2021 and June 30, 2020, respectively.     1,982       2,206  
                 
Financing arrangement at fixed interest rate 3.2% per annum, with monthly payments of principal plus interest through July 2025.     185       -  
Total bank loans payable   $ 2,167     $ 2,206  

 

Current portion of bank loans payable     424       384  
Currency translation effect on current portion of bank loans     11       (14 )
Current portion of bank loans payable     435       370  
Long-term portion of bank loans payable     1,675       1,911  
Currency translation effect on long-term portion of bank loans     57       (75 )
Long-term portion of bank loans payable   $ 1,732     $ 1,836  

 

Future minimum payments

Future minimum payments (excluding interest) as at March 31, 2021 were as follows: 

 

Remainder of fiscal 2021   $ 108  
2022     439  
2023     457  
2024     461  
2025     208  
Thereafter     494  
Total obligations and commitments   $ 2,167  

 

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