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Note 3 - Term Deposits | 9 Months Ended
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Mar. 31, 2024
Notes to Financial Statements |
Term Deposits [Text Block] |
3. | TERM DEPOSITS
|  | Mar. 31, |  |  | June 30, |
|  | 2024 |  |  | 2023 |
|  | (Unaudited) |  |  |  |  |
Short-term deposits |  | $ | 6,439 |  |  | $ | 6,901 |
Currency translation effect on short-term deposits |  |  | (130 | ) |  |  | (274 | )
Total short-term deposits |  |  | 6,309 |  |  |  | 6,627 |
Restricted term deposits - Current |  |  | 770 |  |  |  | 755 |
Currency translation effect on restricted term deposits |  |  | (16 | ) |  |  | (16 | )
Total restricted term deposits - Current |  |  | 754 |  |  |  | 739 |
Restricted term deposits – Non-current |  |  | 1,849 |  |  |  | 1,763 |
Currency translation effect on restricted term deposits |  |  | (89 | ) |  |  | (47 | )
Total restricted term deposits - Non-current |  |  | 1,760 |  |  |  | 1,716 |
Total term deposits |  | $ | 8,823 |  |  | $ | 9,082 |
Restricted deposits represent the amount of cash pledged to secure loans payable or trade financing granted by financial institutions, 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 deposits of $754 as at March 31, 2024 are classified as current assets as they relate to short-term trade financing. On the other hand, restricted deposits of $1,760 as at March 31, 2024 are classified as non-current assets as they relate to long-term obligations and will become unrestricted only upon discharge of the obligations.

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