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Note 5 - Loans Receivable From Property Development Projects
12 Months Ended
Jun. 30, 2025
Notes to Financial Statements  
Loan Receivable From Property Development Projects [Text Block]

5.  LOANS RECEIVABLE FROM PROPERTY DEVELOPMENT PROJECTS

 

The following table presents Trio-Tech (Chongqing) Co. Ltd (“TTCQ”)’s loan receivables from property development projects in China as of June 30, 2025.

 

 

Loan Expiry

 

Loan Amount

  

Loan Amount

 
 

Date

 

(RMB)

  

(U.S. Dollars)

 

Short-term loan receivables

         

JiangHuai (Project – Yu Jin Jiang An)

May 31, 2013

  2,000   279 

Less: allowance for expected credit losses

   (2,000)  (279)

Net loan receivables from property development projects

   -   - 
          

 

The short-term loan receivables amounting to RMB 2,000, or approximately $279 arose due to TTCQ entering into a Memorandum Agreement with JiangHuai Property Development Co. Ltd. (“JiangHuai”) to invest in their property development projects (Project - Yu Jin Jiang An) located in Chongqing City, China in the fiscal year ended June 30, 2011 (“Fiscal 2011”). Based on TTI’s financial policy, an allowance for expected credit losses of $279 on the investment in JiangHuai was recorded during the fiscal year ended June 30, 2014 (“Fiscal 2014”). TTCQ did not generate other income from JiangHuai for Fiscal 2025. TTCQ is in the legal process of recovering the outstanding amount of approximately $279.