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Note 13 - Commitments and Contingencies
 3 Months Ended
Sep. 30, 2021
Notes to Financial Statements  
Commitments and Contingencies Disclosure [Text Block]

13.

COMMITMENTS AND CONTINGENCIES

 

Trio-Tech (Malaysia) Sdn. Bhd. has no capital commitments as at September 30, 2021, as compared to capital commitment of $93 as at June 30, 2021.

 

Trio-Tech (SIP) Co., Ltd. in China has capital commitments for the purchase of equipment and other related infrastructure costs amounting to RMB5,799, or approximately $1,378, as at September 30, 2021, as compared to no capital commitment as at June 30, 2021. These commitments arise due to a new project that is under negotiation between the long-term customer and Trio-Tech (SIP) Co., Ltd. As of the date of this report, the negotiation of the terms and conditions with the customer is still on-going.

 

Trio-Tech (Tianjin) Co., Ltd. in China has capital commitments for the purchase of equipment and other related infrastructure costs amounting to RMB284, or approximately $68, as at September 30, 2021, as compared to no capital commitment as at June 30, 2021.

 

The Company is, from time to time, the subject of litigation claims and assessments arising out of matters occurring in its normal business operations. In the opinion of management, resolution of these matters will not have a material adverse effect on the Company’s financial statements.