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Note 24 - Leases

12 Months Ended

Jun. 30, 2025

24. LEASES

Company as Lessor

Operating leases under which the Company is the lessor arise from leasing the Company’s commercial real estate investment property to third parties. Initial lease terms generally range from 12 to 48 months. Depreciation expense for assets subject to operating leases is taken into account primarily on the straight-line method over a period of 20 years in amounts necessary to reduce the carrying amount of the asset to its estimated residual value. Depreciation expense relating to the property held as investments in operating leases were $67 and $66 for the years ended June 30, 2025 and 2024, respectively.

Future minimum rental income in China and Thailand to be received from Fiscal 2026 to the fiscal year ended June 30, 2029 (“Fiscal 2029”) on non-cancellable operating leases, and is contractually due as of June 30, 2025, as follows:

2026	$	65
2027		23
2028		18
2029		4
	$	110

Future minimum rental income in China and Thailand to be received from fiscal year ended June 30, 2025 to fiscal year ended June 30, 2027 on non-cancellable operating leases, and is contractually due as of June 30, 2024, as follows:


2025	$	131
2026		44
2027		16
	$	191

Company as Lessee

The Company is the lessee under operating leases for corporate offices and research and development facilities with remaining lease terms of one year to four years and finance leases for plant and equipment.

Supplemental balance sheet information related to leases was as follows (in thousands):

Components of Lease Balances	June 30,			June 30,
	2025			2024
Finance Leases (Plant and Equipment)
Plant and equipment, at cost	$	400		$	1,649
Accumulated depreciation		(131	)		(1,091	)
Plant and Equipment, Net	$	269		$	558

Current portion of finance leases	$	43		$	57
Net of current portion of finance leases		-			34
Total Finance Lease Liabilities	$	43		$	91

Operating Leases (Corporate Offices, Research and Development Facilities)
Operating lease right-of-use assets, Net	$	864		$	1,887

Current portion of operating leases		540			1,162
Net of current portion of operating leases		324			725
Total Operating Lease Liabilities	$	864		$	1,887

	For the Year Ended June 30,
	2025		2024
Lease Cost
Finance lease cost:
Interest on finance lease	$	3	$	7
Amortization of right-of-use assets		78		85
Total finance lease cost		81		92
Operating Lease Costs	$	1,450	$	1,548

Other information related to leases was as follows (in thousands except lease term and discount rate):

	For the Year Ended June 30,
	2025			2024
Cash Paid for Amounts Included in the Measurement of Lease Liabilities
Operating cash flows from finance leases	$	(3	)	$	(6	)
Operating cash flows from operating leases		(1,450	)		(1,415	)
Finance cash flows from finance leases		(59	)		(112	)
Right-of-Use Assets Obtained in Exchange for New Operating Lease Liabilities		450			732

Weighted-Average Remaining Lease Term:
Finance leases		0.65			1.46
Operating leases		2.25			1.58
Weighted-Average Discount Rate:
Finance leases		1.98	%		2.47	%
Operating leases		4.93	%		5.60	%

As of June 30, 2025, the maturities of the Company's operating and finance lease liabilities were as follow:

	*Operating*
	*Lease*			*Finance Lease*
	*Liabilities*			*Liabilities*
Fiscal Year
2026		560			44
2027		146			-
2028		217			-
Total future minimum lease payments	$	923		$	44
Less: amount representing interest		(59	)		(1	)
Present value of net minimum lease payments	$	864		$	43

Presentation on statement of financial position
Current		540			43
Non-Current		324			-

As of June 30, 2024, future minimum lease payments under finance leases and noncancelable operating leases were as follows:

	*Operating*
	*Lease*			*Finance Lease*
	*Liabilities*			*Liabilities*
Fiscal Year
2025		1,234			61
2026		658			34
2027		86			-
Total future minimum lease payments	$	1,978		$	95
Less: amount representing interest		(91	)		(4	)
Present value of net minimum lease payments	$	1,887		$	91

Presentation on statement of financial position
Current		1,162			57
Non-Current		725			34