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v3.22.4

Note 3 - Term Deposits (Tables) | 6 Months Ended
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Dec. 31, 2022
Notes Tables |
Term Deposits [Table Text Block] |
|  | Dec. 31, |  |  | June 30, |
|  | 2022 |  |  | 2022 |
|  | (Unaudited) |  |  |  |  |
Short-term deposits |  | $ | 4,756 |  |  | $ | 5,619 |
Currency translation effect on short-term deposits |  |  | 239 |  |  |  | (199 | )
Total short-term deposits |  |  | 4,995 |  |  |  | 5,420 |
Restricted term deposits- Current |  |  | 711 |  |  |  | - |
Currency translation effect on restricted term deposits |  |  | 36 |  |  |  | - |
Total restricted term deposits-Current |  |  | 747 |  |  |  | - |
Restricted term deposits-Non-Current |  |  | 1,634 |  |  |  | 1,746 |
Currency translation effect on restricted term deposits |  |  | 108 |  |  |  | (68 | )
Total restricted term deposits-Non-Current |  |  | 1,742 |  |  |  | 1,678 |
Total term deposits |  | $ | 7,484 |  |  | $ | 7,098 |
Restricted deposits represent the amount of cash pledged to secure loans payable or trade financing 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 deposits are classified as current and non-current depending on whether they relate to long term or short-term obligations. Restricted deposit of $747 is classified as current assets as it relates to short-term trade financing. On the other hand, restricted deposits of $1,742 is classified as non-current 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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