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v3.22.2.2

Note 3 - Term Deposits | 12 Months Ended
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Jun. 30, 2022
Notes to Financial Statements |
Term Deposits [Text Block] | 3. TERM DEPOSITS
|  | June 30, 2022 |  |  | June 30, 2021 |
Short-term deposits |  | $ | 5,619 |  |  | $ | 6,353 |
Currency translation effect on short-term deposits |  |  | (199 | ) |  |  | 298 |
Total short-term deposits |  |  | 5,420 |  |  |  | 6,651 |
Restricted term deposits |  |  | 1,746 |  |  |  | 1,682 |
Currency translation effect on restricted term deposits |  |  | (68 | ) |  |  | 59 |
Total restricted term deposits |  |  | 1,678 |  |  |  | 1,741 |
Total term deposits |  | $ | 7,098 |  |  | $ | 8,392 |
Restricted deposits represent the amount of cash pledged to secure loans payable granted by financial institutions and serve as collateral for public utility agreements such as electricity and water and performance bonds related to customs duty payable. Restricted term deposits are classified as noncurrent assets, as they relate to long-term obligations and will become unrestricted only upon discharge of the obligations. Short-term deposits represent bank deposits, which do not qualify as cash equivalents.

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