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Note 12 - Bank Loans Payable

3 Months Ended

Sep. 30, 2021

Notes to Financial Statements

Debt Disclosure [Text Block]

12. BANK LOANS PAYABLE

Bank loans payable consisted of the following:

		Sept. 30, 2021 (Unaudited)				June 30, 2021
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% (3.60% at September 30, 2021, and June 30, 2021, respectively) per annum, with monthly payments of principal plus interest through August 2028, collateralized by the acquired building with a carrying value of $2,590 and $2,579, as at September 30, 2021, and June 30, 2021, respectively.			1,764				1,885
Financing arrangement at fixed interest rate 3.2% per annum, with monthly payments of principal plus interest through July 2025.			163				175
Total bank loans payable		$	1,927			$	2,060
Current portion of bank loans payable			444				428
Currency translation effect on current portion of bank loans			(6	)			11
Current portion of bank loans payable			438				439
Long-term portion of bank loans payable			1,510				1,564
Currency translation effect on long-term portion of bank loans			(21	)			57
Long-term portion of bank loans payable		$	1,489			$	1,621

Future minimum payments (excluding interest) as at September 30, 2021, were as follows: 

Remainder of fiscal 2022		$	438
2023			455
2024			391
2025			200
2026			167
Thereafter			276
Total obligations and commitments		$	1,927

Future minimum payments (excluding interest) as at June 30, 2021, were as follows: 

2022		$	439
2023			457
2024			462
2025			208
2026			171
Thereafter			323
Total obligations and commitments		$	2,060

X

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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