Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Mar. 31, 2022 | May 01, 2022 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0000732026 | |
Entity Registrant Name | TRIO-TECH INTERNATIONAL | |
Amendment Flag | false | |
Current Fiscal Year End Date | --06-30 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2022 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Mar. 31, 2022 | |
Document Transition Report | false | |
Entity File Number | 1-14523 | |
Entity Incorporation, State or Country Code | CA | |
Entity Tax Identification Number | 95-2086631 | |
Entity Address, Address Line One | Block 1008 | |
Entity Address, City or Town | Toa Payoh North | |
Entity Address, Country | SG | |
Entity Address, Postal Zip Code | 318996 | |
City Area Code | 65 | |
Local Phone Number | 6265 3300 | |
Title of 12(b) Security | Common Stock, no par value | |
Trading Symbol | TRT | |
Security Exchange Name | NYSE | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 4,029,180 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Mar. 31, 2022 | Jun. 30, 2021 |
CURRENT ASSETS: | ||
Cash and cash equivalents | $ 7,478 | $ 5,836 |
Short-term deposits | 4,953 | 6,651 |
Trade accounts receivable, less allowance for doubtful accounts of $253 and $311, respectively | 10,585 | 8,293 |
Other receivables | 735 | 325 |
Contract assets | 594 | 337 |
Inventories, less provision for obsolete inventories of $709 and $679, respectively | 2,272 | 2,080 |
Prepaid expenses and other current assets | 732 | 418 |
Financed sales receivable | 21 | 19 |
Total current assets | 27,370 | 23,959 |
NONCURRENT ASSETS: | ||
Deferred tax assets | 189 | 217 |
Investment properties, net | 636 | 681 |
Property, plant and equipment, net | 9,107 | 9,531 |
Operating lease right-of-use assets | 2,602 | 1,876 |
Other assets | 141 | 262 |
Restricted term deposits | 1,735 | 1,741 |
Financed sales receivable | 23 | 39 |
Total noncurrent assets | 14,433 | 14,347 |
TOTAL ASSETS | 41,803 | 38,306 |
Bank loans payable, net of current portion | 1,470 | 1,621 |
Finance leases, net of current portion | 152 | 253 |
Operating leases, net of current portion | 1,844 | 1,204 |
Income taxes payable, net of current portion | 281 | 385 |
Other noncurrent liabilities | 31 | 31 |
Total noncurrent liabilities | 3,778 | 3,494 |
TOTAL LIABILITIES | 13,426 | 12,253 |
CURRENT LIABILITIES: | ||
Lines of credit | 523 | 72 |
Accounts payable | 2,220 | 3,702 |
Accrued expenses | 3,870 | 2,690 |
Contract liabilities | 1,172 | 673 |
Income taxes payable | 476 | 314 |
Current portion of bank loans payable | 493 | 439 |
Current portion of finance leases | 136 | 197 |
Current portion of operating leases | 758 | 672 |
Total current liabilities | 9,648 | 8,759 |
TRIO-TECH INTERNATIONAL’S SHAREHOLDERS’ EQUITY: | ||
Common stock, no par value, 15,000,000 shares authorized; 4,029,180 shares issued outstanding as at March 31, 2022 and 3,913,055 shares as at June 30, 2021, respectively | 12,607 | 12,178 |
Paid-in capital | 4,692 | 4,233 |
Accumulated retained earnings | 8,429 | 6,824 |
Accumulated other comprehensive income-translation adjustments | 2,392 | 2,399 |
Total Trio-Tech International shareholders’ equity | 28,120 | 25,634 |
Noncontrolling interest | 257 | 419 |
TOTAL EQUITY | 28,377 | 26,053 |
TOTAL LIABILITIES AND EQUITY | $ 41,803 | $ 38,306 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands | Mar. 31, 2022 | Jun. 30, 2021 |
Allowance for doubtful accounts | $ 253 | $ 311 |
Provision for obsolete inventory | $ 709 | $ 679 |
Common stock, no par value (in dollars per share) | $ 0 | $ 0 |
Common stock, authorized (in shares) | 15,000,000 | 15,000,000 |
Common stock, issued (in shares) | 4,029,180 | 3,913,055 |
Common stock, outstanding (in shares) | 4,029,180 | 3,913,055 |
Condensed Consolidated Statemen
Condensed Consolidated Statements Of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2022 | Mar. 31, 2021 | |
Revenue | ||||
Net Revenue | $ 11,138 | $ 8,112 | $ 32,231 | $ 23,154 |
Cost of Sales | ||||
Cost of goods and services sold | 8,664 | 6,052 | 23,688 | 17,706 |
Gross Margin | 2,474 | 2,060 | 8,543 | 5,448 |
Operating Expenses: | ||||
General and administrative | 2,378 | 1,923 | 6,305 | 5,245 |
Selling | 146 | 123 | 449 | 356 |
Research and development | 80 | 79 | 293 | 277 |
Gain on disposal of property, plant and equipment | 0 | 0 | 0 | (1) |
Total operating expenses | 2,604 | 2,125 | 7,047 | 5,877 |
(Loss)/ Income from Operations | (130) | (65) | 1,496 | (429) |
Other Income / (Expenses) | ||||
Interest expenses | (31) | (25) | (87) | (96) |
Other income, net | 127 | 273 | 669 | 627 |
Total other income | 96 | 248 | 582 | 531 |
(Loss) / Income from Continuing Operations before Income Taxes | (34) | 183 | 2,078 | 102 |
Income Tax Expenses | (170) | (118) | (503) | (125) |
(Loss) / Income from continuing operations before non-controlling interest, net of tax | (204) | 65 | 1,575 | (23) |
Discontinued Operations | ||||
Income / (loss) from discontinued operations, net of tax | 0 | 1 | 5 | (26) |
NET (LOSS) / INCOME | (204) | 66 | 1,580 | (49) |
Less: net income / (loss) attributable to noncontrolling interest | (37) | (112) | (25) | (454) |
Net (Loss) / Income Attributable to Trio-Tech International Common Shareholders | (167) | 178 | 1,605 | 405 |
Amounts Attributable to Trio-Tech International Common Shareholders: | ||||
(Loss) / Income from continuing operations, net of tax | (167) | 177 | 1,603 | 418 |
Income / (Loss) from discontinued operations, net of tax | 0 | 1 | 2 | (13) |
Net (Loss) / Income Attributable to Trio-Tech International Common Shareholders | $ (167) | $ 178 | $ 1,605 | $ 405 |
Basic (Loss) / Earnings per Share: | ||||
Basic (loss) / earnings per share from continuing operations attributable to Trio-Tech International (in dollars per share) | $ (0.04) | $ 0.05 | $ 0.40 | $ 0.11 |
Basic earnings per share from discontinued operations attributable to Trio-Tech International (in dollars per share) | 0 | 0 | 0 | 0 |
Diluted (Loss) / Earnings per Share: | ||||
Diluted (loss) / earnings per share from continuing operations attributable to Trio-Tech International (in dollars per share) | (0.04) | 0.04 | 0.38 | 0.10 |
Diluted earnings per share from discontinued operations attributable to Trio-Tech International (in dollars per share) | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted average number of common shares outstanding | ||||
Basic (in shares) | 3,949 | 3,913 | 3,949 | 3,913 |
Dilutive effect of stock options (in shares) | 272 | 133 | 191 | 117 |
Number of shares used to compute earnings per share diluted (in shares) | 4,221 | 4,046 | 4,140 | 4,030 |
Manufacturing [Member] | ||||
Revenue | ||||
Net Revenue | $ 3,097 | $ 3,130 | $ 10,187 | $ 9,324 |
Cost of Sales | ||||
Cost of goods and services sold | 2,530 | 2,148 | 7,838 | 6,855 |
Operating Expenses: | ||||
(Loss)/ Income from Operations | (145) | 214 | 107 | 277 |
Testing Services [Member] | ||||
Revenue | ||||
Net Revenue | 4,417 | 3,504 | 13,983 | 10,018 |
Cost of Sales | ||||
Cost of goods and services sold | 3,169 | 2,651 | 9,141 | 7,651 |
Operating Expenses: | ||||
(Loss)/ Income from Operations | (124) | (320) | 1,000 | (993) |
Distribution [Member] | ||||
Revenue | ||||
Net Revenue | 3,620 | 1,467 | 8,038 | 3,790 |
Cost of Sales | ||||
Cost of goods and services sold | 2,945 | 1,234 | 6,651 | 3,142 |
Operating Expenses: | ||||
(Loss)/ Income from Operations | 576 | 163 | 1,108 | 407 |
Real Estate Segment [Member] | ||||
Revenue | ||||
Net Revenue | 4 | 11 | 23 | 22 |
Cost of Sales | ||||
Cost of goods and services sold | 20 | 19 | 58 | 58 |
Operating Expenses: | ||||
(Loss)/ Income from Operations | $ (35) | $ (23) | $ (86) | $ (84) |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2022 | Mar. 31, 2021 | |
Comprehensive Income Attributable to Trio-Tech International Common Shareholders: | ||||
Net (loss) / income | $ (204) | $ 66 | $ 1,580 | $ (49) |
Foreign currency translation, net of tax | 16 | (468) | (22) | 1,115 |
Comprehensive (Loss) / Income | (188) | (402) | 1,558 | 1,066 |
Less: comprehensive loss attributable to noncontrolling interest | (46) | (136) | (40) | (455) |
Comprehensive (Loss) / Income Attributable to Trio-Tech International Common Shareholders | $ (142) | $ (266) | $ 1,598 | $ 1,521 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Noncontrolling Interest [Member] | Total |
Balance (in shares) at Jun. 30, 2020 | 3,673 | |||||
Balance at Jun. 30, 2020 | $ 11,424 | $ 3,363 | $ 8,036 | $ 1,143 | $ 1,180 | $ 25,146 |
Stock option expenses | 0 | 144 | 0 | 0 | 0 | 144 |
Net (loss) / income | 0 | 0 | 405 | 0 | (454) | (49) |
Dividend declared by subsidiary | $ 0 | 0 | 0 | 0 | (189) | (189) |
Exercise of stock option (in shares) | 240 | |||||
Exercise of stock option | $ 754 | 0 | 0 | 0 | 0 | 754 |
Translation adjustment | $ 0 | 0 | 0 | 1,116 | (1) | 1,115 |
Balance (in shares) at Mar. 31, 2021 | 3,913 | |||||
Balance at Mar. 31, 2021 | $ 12,178 | 3,507 | 8,441 | 2,259 | 536 | 26,921 |
Balance (in shares) at Jun. 30, 2021 | 3,913 | |||||
Balance at Jun. 30, 2021 | $ 12,178 | 4,233 | 6,824 | 2,399 | 419 | 26,053 |
Stock option expenses | 0 | 459 | 0 | 0 | 0 | 459 |
Net (loss) / income | 0 | 0 | 1,605 | 0 | (25) | 1,580 |
Dividend declared by subsidiary | $ 0 | 0 | 0 | 0 | (122) | (122) |
Exercise of stock option (in shares) | 116 | |||||
Exercise of stock option | $ 429 | 0 | 0 | 0 | 0 | 429 |
Translation adjustment | $ 0 | 0 | 0 | (7) | (15) | (22) |
Balance (in shares) at Mar. 31, 2022 | 4,029 | |||||
Balance at Mar. 31, 2022 | $ 12,607 | $ 4,692 | $ 8,429 | $ 2,392 | $ 257 | $ 28,377 |
Condensed Consolidated Statem_4
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 9 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Cash Flow from Operating Activities | ||
Net (loss) / income | $ 1,580 | $ (49) |
Adjustments to reconcile net income to net cash flow provided by operating activities | ||
Depreciation and amortization | 2,263 | 2,224 |
Stock compensation | 459 | 144 |
Addition / (reversal) of provision for obsolete inventories | 25 | (2) |
Bad debt recovery, net of allowance charged | (61) | (15) |
Accrued interest expense, net (accrued interest income) | 85 | (18) |
Payment of interest portion of finance lease | (20) | (32) |
Gain on sale of property, plant and equipment | 0 | (1) |
Dividend income | 0 | (32) |
Dividend received | 0 | (32) |
Reversal of income tax provision | (18) | 0 |
Deferred tax benefit | (7) | (70) |
Changes in operating assets and liabilities, net of acquisition effects | ||
Trade accounts receivable | (2,214) | (1,013) |
Other receivables | (688) | 320 |
Other assets | 134 | (33) |
Inventories | (233) | (624) |
Prepaid expenses and other current assets | (312) | (76) |
Accounts payable and accrued expenses | 242 | 754 |
Income taxes payable | 145 | (44) |
Operating lease liabilities | (801) | (565) |
Net Cash Provided by Operating Activities | 579 | 900 |
Cash Flow from Investing Activities | ||
Withdrawal of unrestricted deposit | 3,761 | 1,166 |
Investment in unrestricted term deposits, net | (2,079) | (1,370) |
Additions to property, plant and equipment | (1,144) | (621) |
Net Cash Provided by/ (Used in) Investing Activities | 538 | (825) |
Cash Flow from Financing Activities | ||
Payment on lines of credit | (1,025) | (174) |
Payment of bank loans | (322) | (296) |
Payment of principal portion of finance leases | (168) | (192) |
Dividends paid to noncontrolling interest | (122) | (189) |
Proceeds from bank loan | 255 | 189 |
Proceeds from exercise stock options | 429 | 754 |
Proceeds from lines of credit | 1,463 | 187 |
Net Cash Provided by Financing Activities | 510 | 279 |
Effect of Changes in Exchange Rate | 9 | 753 |
Net Increase in Cash, Cash Equivalents, and Restricted Cash | 1,636 | 1,107 |
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period | 7,577 | 5,810 |
Cash, Cash Equivalents, and Restricted Cash at end of Period | 9,213 | 6,917 |
Supplementary Information of Cash Flows | ||
Interest | 84 | 69 |
Income taxes | 342 | 203 |
Cash | 7,478 | 5,178 |
Restricted Term-Deposits in Noncurrent Assets | 1,735 | 1,739 |
Total Cash, Cash Equivalents, and Restricted Cash Shown in the Statements of Cash Flows | $ 9,213 | $ 6,917 |
Note 1 - Organization and Basis
Note 1 - Organization and Basis of Presentation | 9 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | 1. ORGANIZATION AND BASIS OF PRESENTATION Trio-Tech International (“the Company” or “TTI” hereafter) was incorporated in fiscal year 1958 third third 2022, four Ownership Location Express Test Corporation (Dormant) 100% Van Nuys, California Trio-Tech Reliability Services (Dormant) 100% Van Nuys, California KTS Incorporated, dba Universal Systems (Dormant) 100% Van Nuys, California European Electronic Test Centre (Dormant) 100% Dublin, Ireland Trio-Tech International Pte. Ltd. 100% Singapore Universal (Far East) Pte. Ltd. * 100% Singapore Trio-Tech International (Thailand) Co. Ltd. * 100% Bangkok, Thailand Trio-Tech (Bangkok) Co. Ltd. 100% Bangkok, Thailand Trio-Tech (Malaysia) Sdn. Bhd. (55% owned by Trio-Tech International Pte. Ltd.) 55% Penang and Selangor, Malaysia Trio-Tech (Kuala Lumpur) Sdn. Bhd. (100% owned by Trio-Tech Malaysia Sdn. Bhd.) 55% Selangor, Malaysia Prestal Enterprise Sdn. Bhd. (76% owned by Trio-Tech International Pte. Ltd.) 76% Selangor, Malaysia Trio-Tech (SIP) Co., Ltd. * 100% Suzhou, China Trio-Tech (Chongqing) Co. Ltd. * 100% Chongqing, China SHI International Pte. Ltd. (Dormant) (55% owned by Trio-Tech International Pte. Ltd) 55% Singapore PT SHI Indonesia (Dormant) (100% owned by SHI International Pte. Ltd.) 55% Batam, Indonesia Trio-Tech (Tianjin) Co., Ltd. * 100% Tianjin, China Trio-Tech (Jiangsu) Co., Ltd. 51% Suzhou, China * 100% owned by Trio-Tech International Pte. Ltd. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with United States Generally Accepted Accounting Principles (“GAAP”) for interim financial information and with the instructions to Form 10 10 X. not June 30, 2021. Certain accounting matters that generally require consideration of forecasted financial information were assessed regarding impacts from the COVID- 19 March 31, 2022, May 16, 2022 not no March 31, 2022, may March 31, 2022, June 30, 2021. Basis of Presentation and Summary of Significant Accounting Policies The Company’s core businesses — testing services, manufacturing and distribution — operate in a volatile industry, whereby its average selling prices and product costs are influenced by competitive factors. These factors create pressures on sales, costs, earnings and cash flows, which will impact liquidity. All dollar amounts in the consolidated financial statements and in the notes herein are presented in thousands of United States dollars ( US$’000 Liquidity nine March 31, 2022, March 31, 2021, Foreign Currency Translation and Transactions The Company translates assets and liabilities of its subsidiaries outside the U.S. into U.S. dollars using the rate of exchange prevailing at the period end, and the consolidated statements of operations and comprehensive income or loss is translated at average rates during the reporting period. Adjustments resulting from the translation of the subsidiaries’ financial statements from foreign currencies into U.S. dollars are recorded in shareholders' equity as part of accumulated other comprehensive gain - translation adjustments. Gains or losses resulting from transactions denominated in currencies other than functional currencies of the Company’s subsidiaries are reflected in income for the reporting period. Use of Estimates Revenue Recognition No. 2014 09, 606, Revenue from Contracts with Customers 606” We apply a five 606 1 2 3 4 5 Revenue derived from testing services is recognized when testing services are rendered. Revenue generated from sale of products in the manufacturing and distribution segments are recognized when persuasive evidence of an arrangement exists, delivery of the products has occurred, customer acceptance has been obtained (which means the significant risks and rewards of ownership have been transferred to the customer), the price is fixed or determinable and collectibility is reasonably assured. Certain customers can request for installation and training services to be performed for certain products sold in the manufacturing segment. These services are mainly for helping customers with the test runs of the machines sold and are considered a separate performance obligation. Such services can be provided by other entities as well and these do not In the real estate segment: ( 1 2 may GST / Indirect Taxes Trade Accounts Receivables and Allowance for Doubtful Accounts not The Company’s management considers the following factors when determining the collectibility of specific customer accounts: customer creditworthiness, past transaction history with the customer, current economic industry trends, and changes in customer payment terms. The Company includes any account balances that are determined to be uncollectible, along with a general reserve, in the overall allowance for doubtful accounts. After all attempts to collect a receivable have failed, the receivable is written off against the allowance. Based on the information available to management, the Company believed that its allowance for doubtful accounts was adequate as of March 31, 2022, June 30, 2021. Warranty Costs may Cash and Cash Equivalents three Term Deposits three six Restricted Term Deposits Inventories first first not Property, Plant and Equipment and Investment Properties Maintenance, repairs and minor renewals are charged directly to expense as incurred. Additions and improvements to the assets are capitalized. When assets are disposed of, the related cost and accumulated depreciation thereon are removed from the accounts and any resulting gain or loss is included in the consolidated statements of operations and comprehensive income or loss. Long-Lived Assets and Impairment The Company evaluates the long-lived assets, including property, plant and equipment and investment property, for impairment whenever events or changes in circumstances indicate that the carrying value of such assets may not The Company applies the provisions of ASC Topic 360, Accounting for the Impairment or Disposal of Long-Lived Assets 360” 360 may not Leases - Company as Lessee Accounting Standards Codification Topic 842 842" 12 The Company applies the guidance in ASC Topic 842 Operating leases are included in operating lease right-of-use ("ROU") assets under the noncurrent asset portion of our consolidated balance sheets and under the current portion and noncurrent liabilities portion of our consolidated balance sheets. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the related lease. Finance leases are included in property, plant and equipment under the noncurrent asset portion of our consolidated balance sheets and under the current portion and noncurrent liabilities portion of our consolidated balance sheets. The Company has elected the practical expedient within ASC Topic 842 not not 12 When discount rates implicit in leases cannot be readily determined, the Company uses the applicable incremental borrowing rate at lease commencement to perform lease classification tests on lease components and to measure lease liabilities and ROU assets. The incremental borrowing rate used by the Company was based on baseline rates and adjusted by the credit spreads commensurate with the Company’s secured borrowing rate over a similar term. At each reporting period when there is a new lease initiated, the rates established for that quarter will be used. Leases - Company as Lessor All the leases under which the Company is the lessor will continue to be classified as operating leases and sales-type leases under the standard. Comprehensive Income or Loss 220, Reporting Comprehensive Income 220” Income Taxes 740, Accounting for Income Taxes 740” . 740 The calculation of tax liabilities involves dealing with uncertainties in the application of complex global tax regulations. The Company recognizes potential liabilities for anticipated tax audit issues in the U.S. and other tax jurisdictions based on its estimate of whether, and the extent to which, additional taxes will be due. If payment of these amounts ultimately proves to be unnecessary, the reversal of the liabilities would result in tax benefits being recognized in the period when the Company determines the liabilities are no Retained Earnings March 31, 2022, June 30, 2021 Stock-based compensation four Determining the fair value of stock-based awards at the grant date requires significant judgment. The determination of the grant date fair value of stock-based awards using the Black-Scholes option pricing model is affected by our estimated common stock fair value as well as other subjective assumptions including the expected term of the awards, the expected volatility over the expected term of the awards, expected dividend yield and risk-free interest rates. The assumptions used in our option pricing model represent management’s best estimates and are as follows: ● Fair Value of Common Stock. We determined the fair value of each share of underlying common stock based on the closing price of our common stock on the date of grant. ● Expected Term. The expected term of employee stock options reflects the period for which we believe the option will remain outstanding based on historical experience and future expectations. ● Expected Volatility. We base expected volatility on our historical information over a similar expected term. (Loss) / Earnings per Share Fair Values of Financial Instruments 22 ASC Topic 820, Fair Value Measurements and Disclosures 820” three ● Level 1—Valuations not 1 ● Level 2—Valuations not 2 ● Level 3—Valuations Concentration of Credit Risk not not not Investments not Equity Method 50% Cost Method not not not Loan Receivables from Property Development Projects Interest income on the loan receivables from property development projects are recognized on an accrual basis. Discounts and premiums on loans are amortized to income using the interest method over the remaining period to contractual maturity. The amortization of discounts into income is discontinued on loans that are contractually 90 Contingent Liabilities may may one may If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s consolidated financial statements. If the assessment indicates that a potential material loss contingency is not Loss contingencies considered remote are generally not Consolidation of subsidiaries- The consolidated financial statements of Group include the accounts of Trio-Tech International and its subsidiaries. Intercompany transactions and balances have been eliminated. |
Note 2 - New Accounting Pronoun
Note 2 - New Accounting Pronouncements | 9 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Accounting Standards Update and Change in Accounting Principle [Text Block] | 2. NEW ACCOUNTING PRONOUNCEMENTS In March 2020, 2020 04 848: Reference Rate Reform: Facilitation of the Effects of Reference Rate Reform on Financial Reporting March 12, 2020, may December 31, 2022. no In June 2016, 2016 13 326, Financial Instruments Credit Losses 326” 326 December 15, 2022. no Other new pronouncements issued but not March 31, 2022, not |
Note 3 - Term Deposits
Note 3 - Term Deposits | 9 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Term Deposits [Text Block] | 3. TERM DEPOSITS Mar. 31, 2022 (Unaudited) June 30, 2021 Short-term deposits $ 4,961 $ 6,353 Currency translation effect on short-term deposits (8 ) 298 Total short-term deposits 4,953 6,651 Restricted term deposits 1,736 1,682 Currency translation effect on restricted term deposits (1 ) 59 Total restricted term deposits 1,735 1,741 Total term deposits $ 6,688 $ 8,392 Restricted deposits represent the amount of cash pledged to secure loans payable to 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 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 |
Note 4 - Trade Accounts Receiva
Note 4 - Trade Accounts Receivable and Allowance for Doubtful Accounts | 9 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 4. TRADE ACCOUNTS RECEIVABLE AND ALLOWANCE FOR DOUBTFUL ACCOUNTS Accounts receivable are customer obligations due under normal trade terms. The Company performs continuing credit evaluations of its customers’ financial conditions, and although management generally does not may Senior management reviews accounts receivable on a periodic basis to determine if any receivables will potentially be uncollectible. Management includes any accounts receivable balances that are determined to be uncollectible in the allowance for doubtful accounts. After all reasonable attempts to collect a receivable have failed, the receivable is written off against the allowance. Based on the information available, management believed the allowance for doubtful accounts as of March 31, 2022, June 30, 2021, The following table represents the changes in the allowance for doubtful accounts: Mar. 31, 2022 (Unaudited) June 30, 2021 Beginning $ 311 $ 314 Additions charged to expenses 44 5 Recovered (105 ) (14 ) Write-off - (16 ) Currency translation effect 3 22 Ending $ 253 $ 311 |
Note 5 - Loans Receivable From
Note 5 - Loans Receivable From Property Development Projects | 9 Months Ended |
Mar. 31, 2022 | |
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 March 31, 2022. Loan Expiry Date Loan Amount (RMB) Loan Amount (U.S. Dollars) Short-term loan receivables JiangHuai (Project – Yu Jin Jiang An) May 31, 2013 2,000 314 Less: allowance for doubtful receivables (2,000 ) (314 ) Net loan receivables from property development projects - - Long-term loan receivables Jun Zhou Zhi Ye Oct 31, 2016 5,000 788 Less: transfer – downpayment for purchase of investment property (5,000 ) (788 ) Net loan receivables from property development projects - - The short-term loan receivables amounting to renminbi (“RMB”) 2,000, 2011. 2014. not March 31, 2022 June 30, 2021. $314. The loan amounting to RMB 5,000, or approximately $788, arose due to TTCQ entering into a Memorandum Agreement with JiaSheng Property Development Co. Ltd. (“JiaSheng”) to invest in their property development projects (Project B- 48 2 2011. 2015, 8 |
Note 6 - Inventories
Note 6 - Inventories | 9 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Inventory Disclosure [Text Block] | 6. INVENTORIES Inventories consisted of the following: Mar. 31, 2022 (Unaudited) June 30, 2021 Raw materials $ 1,340 $ 1,152 Work in progress 1,332 1,218 Finished goods 319 325 Less: provision for obsolete inventories (709 ) (679 ) Currency translation effect (10 ) 64 $ 2,272 $ 2,080 The following table represents the changes in provision for obsolete inventories: Mar. 31, 2022 (Unaudited) June 30, 2021 Beginning $ 679 $ 678 Additions charged to expenses 25 13 Usage – disposition - (28 ) Currency translation effect 5 16 Ending $ 709 $ 679 |
Note 7 - Investment Properties
Note 7 - Investment Properties | 9 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Investment Property In China [Text Block] | 7. INVESTMENT PROPERTIES The following table presents the Company’s investment in properties in China (with estimated 20 years useful life in years) as of March 31, 2022. March 31, 2022. Investment Date / Reclassification Date Investment Amount (RMB) Investment Amount (U.S. Dollars Purchase of rental property – Property I – MaoYe Property Jan 04, 2008 5,554 894 Currency translation - (87 ) Reclassification as “Assets held for sale” July 01, 2019 (5,554 ) (807 ) Reclassification from “Assets held for sale” Mar 31, 2020 2,024 301 2,024 301 Purchase of rental property – Property II - JiangHuai Jan 06, 2010 3,600 580 Purchase of rental property – Property III - FuLi Apr 08, 2010 4,025 648 Currency translation - (15 ) Gross investment in rental property 9,649 1,514 Accumulated depreciation on rental property Mar 31, 2022 (7,402 ) (1,145 ) Reclassified as “Assets held for sale”- MaoYe Property July 01, 2018 2,822 410 Reclassification from “Assets held for sale”- MaoYe Property Mar 31, 2019 (1,029 ) (143 ) (5,488 ) (878 ) Net investment in property China 4,161 636 The following table presents the Company’s investment in properties in China (with estimated 20 years useful life in years) as of June 30, 2021. June 30, 2021. Investment Date / Reclassification Date Investment Amount (RMB) Investment Amount (U.S. Dollars Purchase of rental property – Property I – MaoYe Property Jan 04, 2008 5,554 894 Currency translation - (87 ) Reclassification as “Assets held for sale” Jul 01, 2018 (5,554 ) (807 ) Reclassification from “Assets held for sale” Mar 31, 2019 2,024 301 2,024 301 Purchase of rental property – Property II - JiangHuai Jan 06, 2010 3,600 580 Purchase of rental property – Property III - FuLi Apr 08, 2010 4,025 648 Currency translation - (36 ) Gross investment in rental property 9,649 1,493 Accumulated depreciation on rental property Jun 30, 2021 (7,040 ) (1,079 ) Reclassified as “Assets held for sale” - MaoYe Property Jul 01, 2019 2,822 410 Reclassification from “Assets held for sale” - MaoYe Property Mar 31, 2020 (1,029 ) (143 ) (5,247 ) (812 ) Net investment in properties China 4,402 681 Rental Property I - MaoYe Property In fiscal 2008, Property purchased from MaoYe generated a rental income $nil three nine March 31, 2022, Depreciation expense for MaoYe was $4 and $12 for the three nine March 31, 2022 2021, Rental Property II - JiangHuai In fiscal year 2010, eight 2018, third 2022, not 19 Property purchased from JiangHuai did not three nine March 31, 2022 2021. Depreciation expense for JiangHuai was $7 and $21 for the three nine March 31, 2022, Rental Property III FuLi In fiscal 2010, two 4,025, April 2013 third 2014. One of the two third two RMB9, May 21, 2021, May 23, 2023. For the other leased property, TTCQ renewed the lease agreement to rent out the 161 square meter space at a monthly rate of RMB10, November 1, 2019, October 31, 2020. RMB10, November 1, 2020, April 30, 2021, May 1, 2021, October 31, 2021. Properties purchased from FuLi generated a rental income of $4 and $19 for the three nine March 31, 2022, Depreciation expense for FuLi was $8 and $23 for the three nine March 31, 2022, Summary Total rental income for all investment properties in China was $4 and $23 for the three nine March 31, 2022, Depreciation expenses for all investment properties in China were $19 and $56 for the three nine March 31, 2022, |
Note 8 - Other Assets
Note 8 - Other Assets | 9 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Other Assets Disclosure [Text Block] | 8. OTHER ASSETS Other assets consisted of the following: Mar. 31, 2022 (Unaudited) June 30, 2021 Down payment for purchase of investment properties * $ - $ - Down payment for purchase of property, plant and equipment 6 372 Deposits for rental and utilities and others 153 160 Currency translation effect (18 ) (270 ) Total $ 141 $ 262 *Down payment for purchase of investment properties included: RMB US Dollars Original Investment (10% of Jun Zhou equity) $ 10,000 $ 1,606 Less: Management Fee (5,000 ) (803 ) Net Investment 5,000 803 Less: Share of Loss on Joint Venture (137 ) (22 ) Net Investment as Down Payment (Note *a) 4,863 781 Loans Receivable 5,000 788 Interest Receivable 1,250 197 Less: Impairment of Interest (906 ) (143 ) Transferred to Down Payment (Note *b) 5,344 842 * Down Payment for Purchase of Investment Properties 10,207 1,623 Less: Provision of Impairment loss on other assets (10,207 ) (1,623 ) * Down Payment for Purchase of Investment Properties - - a) In fiscal year 2011, Jun “Jun 10 RMB5 RMB5 $22, In fiscal year 2014, 10% Jun RMB5 845 Non-monetary Consideration Mar 31, 2022, b) Amounts of RMB 5,000, or approximately $788, as disclosed in Note 5, 906, The shop lots are to be delivered to TTCQ upon completion of the construction of the shop lots in Singapore Themed Resort Project. The initial targeted date of completion was in fiscal year 2017. During the fourth 2021, 2021. |
Note 9 - Lines of Credit
Note 9 - Lines of Credit | 9 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Line of Credit [Text Block] | 9. Carrying value of the Company’s lines of credit approximates its fair value because the interest rates associated with the lines of credit are adjustable in accordance with market situations when the Company borrowed funds with similar terms and remaining maturities. The Company’s credit rating provides it with ready and adequate access to funds in global markets. As of March 31, 2022, Entity with Type of Interest Expiration Credit Unused Facility Facility Rate Date Limitation Credit Trio-Tech International Pte. Ltd., Singapore Lines of Credit Ranging from 1.85% to 5.5%, SIBOR rate +1.25% and LIBOR rate +1.25% - $ 4,214 $ 3,900 Universal (Far East) Pte. Ltd. Lines of Credit Ranging from 1.85% to 5.5% - $ 1,109 $ 900 Trio-Tech Malaysia Sdn. Bhd. Revolving Credit Cost of Funds Rate +2% - $ 358 $ 358 As of June 30, 2021, Entity with Type of Interest Expiration Credit Unused Facility Facility Rate Date Limitation Credit Trio-Tech International Pte. Ltd., Singapore Lines of Credit Ranging from 1.85% to 5.5%, SIBOR rate +1.25% and LIBOR rate +1.30% - $ 4,806 $ 4,806 Universal (Far East) Pte. Ltd. Lines of Credit Ranging from 1.85% to 5.5% - $ 359 $ 187 Trio-Tech Malaysia Sdn. Bhd. Revolving Credit Cost of Funds Rate +2% - $ 350 $ 350 |
Note 10 - Accrued Expenses
Note 10 - Accrued Expenses | 9 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | 10. ACCRUED EXPENSES Accrued expenses consisted of the following: Mar. 31, 2022 (Unaudited) June 30, 2021 Payroll and related costs $ 1,641 $ 1,362 Commissions 81 51 Legal and audit 412 321 Sales tax 488 9 Utilities 153 91 Warranty 16 14 Accrued purchase of materials and property, plant and equipment 362 144 Provision for reinstatement 309 290 Deferred income 60 67 Other accrued expenses 347 279 Currency translation effect 1 62 Total $ 3,870 $ 2,690 |
Note 11 - Assurance Warranty Ac
Note 11 - Assurance Warranty Accrual | 9 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Product Warranty Disclosure [Text Block] | 11. ASSURANCE WARRANTY ACCRUAL The Company provides for the estimated costs that may one Mar. 31, 2022 (Unaudited) June 30, 2021 Beginning $ 14 $ 12 Additions charged to cost and expenses 2 7 Reversal - (4 ) Currency translation effect - (1 ) Ending $ 16 $ 14 |
Note 12 - Bank Loans Payable
Note 12 - Bank Loans Payable | 9 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | 12. BANK LOANS PAYABLE Bank loans payable consisted of the following: Mar. 31, 2022 (Unaudited) June 30, 2021 Note payable denominated in RM for expansion plans in Malaysia, maturing in August 2028, bearing interest at the bank’s prime rate less 2.00% (3.60% for March 31, 2022 and June 30, 2021) per annum, with monthly payments of principal plus interest through August 2028, collateralized by the acquired building with a carrying value of $2,543 and $2,579, as at March 31, 2022 and June 30, 2021, respectively. 1,571 1,885 Financing arrangement at fixed interest rate 3.2% per annum, with monthly payments of principal plus interest through July 2025. 145 175 Financing arrangement at fixed interest rate 3.0% per annum, with monthly payments of principal plus interest through Dec 2026. 246 - Total bank loans payable $ 1,962 $ 2,060 Current portion of bank loans payable 498 428 Currency translation effect on current portion of bank loans (5 ) 11 Current portion of bank loans payable 493 439 Long-term portion of bank loans payable 1,487 1,564 Currency translation effect on long-term portion of bank loans (17 ) 57 Long-term portion of bank loans payable $ 1,470 $ 1,621 Future minimum payments (excluding interest) as at March 31, 2022, Remainder of fiscal 2022 $ 459 2023 512 2024 311 2025 233 2026 227 Thereafter 221 Total obligations and commitments $ 1,962 Future minimum payments (excluding interest) as at June 30, 2021, 2022 $ 439 2023 457 2024 462 2025 208 2026 171 Thereafter 323 Total obligations and commitments $ 2,060 |
Note 13 - Commitments and Conti
Note 13 - Commitments and Contingencies | 9 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 13. COMMITMENTS AND CONTINGENCIES Trio-Tech (Malaysia) Sdn. Bhd. has no capital commitments as at March 31, 2022, June 30, 2021. The Company is, from time to time, the subject of litigation claims and assessments arising out of matters occurring in its normal business operations. In the opinion of management, resolution of these matters will not |
Note 14 - Business Segments
Note 14 - Business Segments | 9 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | 14. BUSINESS SEGMENTS The Company generates revenue primarily from 3 third The revenue allocated to individual countries was based on where the customers were located. The allocation of the cost of equipment, the current year investment in new equipment and depreciation expense have been made based on the primary purpose for which the equipment was acquired. Significant Judgments The Company’s arrangements with its customers include various combinations of products and services, which are generally capable of being distinct and accounted for as separate performance obligations. A product or service is considered distinct if it is separately identifiable from other deliverables in the arrangement and if a customer can benefit from it on its own or with other resources that are readily available to the customer. The Company allocates the transaction price to each performance obligation on a relative standalone selling price basis (“SSP”). Determining the SSP for each distinct performance obligation and allocation of consideration from an arrangement to the individual performance obligations and the appropriate timing of revenue recognition are significant judgments with respect to these arrangements. The Company typically establishes the SSP based on observable prices of products or services sold separately in comparable circumstances to similar clients. The Company may Warranties, discounts and allowances are estimated using historical and recent data trends. The Company includes estimates in the transaction price only to the extent that a significant reversal of revenue is not not Manufacturing The Company primarily derives revenue from the sale of both front-end and back-end semiconductor test equipment and related peripherals, maintenance and support of all these products, installation and training services and the sale of spare parts. The Company’s revenues are measured based on consideration stipulated in the arrangement with each customer, net of any sales incentives and amounts collected on behalf of third The Company recognizes revenue at a point in time when the Company has satisfied its performance obligation by transferring control of the product to the customer. The Company uses judgment to evaluate whether the control has transferred by considering several indicators, including: ● whether the Company has a present right to payment; ● the customer has legal title; ● the customer has physical possession; ● the customer has significant risk and rewards of ownership; and ● the customer has accepted the product, or whether customer acceptance is considered a formality based on history of acceptance of similar products (for example, when the customer has previously accepted the same equipment, with the same specifications, and when we can objectively demonstrate that the tool meets all the required acceptance criteria, and when the installation of the system is deemed perfunctory). Not The majority of sales under the Manufacturing segment include a standard 12 not Testing The Company renders testing services to manufacturers and purchasers of semiconductors and other entities who either lack testing capabilities or whose in-house screening facilities are insufficient. The Company primarily derives testing revenue from burn-in services, manpower supply and other associated services. SSP is directly observable from the sales orders. Revenue is allocated to performance obligations satisfied at a point in time depending upon terms of the sales order. Generally, there is no Terms of contract that may not not Distribution The Company distributes complementary products, particularly equipment, industrial products and components by manufacturers mainly from the U.S., Europe, Taiwan and Japan. The Company recognizes revenue from product sales at a point in time when the Company has satisfied its performance obligation by transferring control of the product to the customer. The Company uses judgment to evaluate whether control has transferred by considering several indicators discussed above. The Company recognizes the revenue at a point in time, generally upon shipment or delivery of the products to the customer or distributors, depending upon terms of the sales order. All intersegment revenue was from the manufacturing segment to the testing and distribution segments. Total intersegment revenue was $232 for the three March 31, 2022, four The following segment information is unaudited for the nine March 31, 2022 March 31, 2021: Business Segment Information: Nine Months Ended Mar. 31, Net Revenue Operating Income / (Loss) Total Assets Depr. And Amort. Capital Expenditures Manufacturing 2022 $ 10,187 107 14,204 318 103 2021 $ 9,324 277 12,576 310 214 Testing Services 2022 13,983 1,000 24,030 1,884 1,040 2021 10,018 (993 ) 21,364 1,859 407 Distribution 2022 8,038 1,108 1,601 - - 2021 3,790 407 983 - - Real Estate 2022 23 (86 ) 1,730 61 1 2021 22 (84 ) 3,784 55 - Corporate & 2022 - (632 ) 238 - - Unallocated 2021 - (36 ) 418 - - Total Company 2022 $ 32,231 1,496 41,803 2,263 1,144 2021 $ 23,154 (429 ) 39,125 2,224 621 The following segment information is unaudited for the three March 31, 2022, March 31, 2021: Business Segment Information: Three Months Ended Mar. 31, Net Revenue Operating Income / (Loss) Total Assets Depr. And Amort. Capital Expenditures Manufacturing 2022 $ 3,097 (145 ) 14,204 110 8 2021 $ 3,130 214 12,576 98 60 Testing Services 2022 4,417 (124 ) 24,030 633 341 2021 3,504 (320 ) 21,364 637 344 Distribution 2022 3,620 576 1,601 (2 ) - 2021 1,467 163 983 - - Real Estate 2022 4 (35 ) 1,730 20 - 2021 11 (23 ) 3,784 20 - Corporate & 2022 - (402 ) 238 - - Unallocated 2021 - (99 ) 418 - - Total Company 2022 $ 11,138 (130 ) 41,803 761 349 2021 $ 8,112 (65 ) 39,125 755 404 |
Note 15 - Other Income
Note 15 - Other Income | 9 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Other Income and Other Expense Disclosure [Text Block] | 15 OTHER INCOME Other income consisted of the following: Three Months Ended Nine Months Ended Mar. 31, Mar. 31, Mar. 31, Mar. 31, 2022 2021 2022 2021 Unaudited Unaudited Unaudited Unaudited Interest income $ 13 $ 26 $ 51 $ 96 Other rental income 30 25 88 70 Exchange (loss) / Gain (9 ) 58 (13 ) (79 ) Bad debt recovery - - 104 10 Dividend income - - - 32 Government grant 62 152 160 412 Commission income - - 200 - Other miscellaneous income 31 12 79 86 Total $ 127 $ 273 $ 669 $ 627 The Company received financial assistance in the form of government grants from the Malaysia and Thailand governments amid the COVID- 19 $nil three nine March 31, 2022, The Company received financial assistance in the form of government grants from the Singapore and Malaysia governments amid the COVID- 19 three nine March 31, 2021, |
Note 16 - Income Tax
Note 16 - Income Tax | 9 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 16. INCOME TAX The Company is subject to income taxes in the U.S. and numerous foreign jurisdictions. Significant judgment is required in determining the provision for income taxes and income tax assets and liabilities, including evaluating uncertainties in the application of accounting principles and complex tax laws. The statute of limitations, in general, is open for years 2014 2020 The Tax Cuts and Jobs Act (the “Tax Act”) was enacted in fiscal year 2018, 35% 21%, Due to the enactment of the Tax Act, the Company is subject to a tax on global intangible low-taxed income (“GILTI”). GILTI is a tax on foreign income in excess of a deemed return on tangible assets of foreign corporations. Companies subject to GILTI have the option to account for the GILTI tax as a period cost if and when incurred, or to recognize deferred taxes for temporary differences including outside basis differences expected to reverse as GILTI. The Company has elected to account for GILTI as a period cost. GILTI expense was $Nil March 31, 2022. The Company's income tax expense was $170 and $503 for the 3 9 months ended March 31, 2022, 3 9 months ended March 31, 2021. March 31, 2022 March 31, 2021, 2020. The Company accrues penalties and interest related to unrecognized tax benefits when necessary as a component of penalties and interest expenses, respectively. The Company had no unrecognized tax benefits or related accrued penalties or interest expenses at March 31, 2022. In assessing the ability to realize the deferred tax assets, management considers whether it is more likely than not not not not |
Note 17 - Contract Balances
Note 17 - Contract Balances | 9 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | 17. CONTRACT BALANCES The timing of revenue recognition, billings and collections may 30 60 30 not The following table is the reconciliation of contract balances. Mar. 31, 2022 (Unaudited) June 30, 2021 Trade Accounts Receivable 10,585 8,293 Accounts Payable 2,220 3,702 Contract Assets 594 337 Contract Liabilities 1,172 673 Remaining Performance Obligation As at March 31, 2022, As at June 30, 2021, Refer to Note 15 |
Note 18 - (Losses) Earnings Per
Note 18 - (Losses) Earnings Per Share | 9 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 18. Options to purchase 698,875 shares of Common Stock at exercise prices ranging from $3.28 to $7.76 per share were outstanding as of March 31, 2022. three nine March 31, 2022, Options to purchase 674,500 shares of Common Stock at exercise prices ranging from $2.53 to $5.98 per share were outstanding as of March 31, 2021. three nine March 31, 2021 The following table is a reconciliation of the weighted average shares used in the computation of basic and diluted EPS for the period presented herein: Three Months Ended Nine Months Ended Mar. 31, Mar. 31, Mar. 31, Mar. 31, 2022 2021 2022 2021 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Loss)/income attributable to Trio-Tech International common shareholders from continuing operations, net of tax $ (167 ) $ 177 $ 1,603 $ 418 Income / (loss) attributable to Trio-Tech International common shareholders from discontinued operations, net of tax - 1 2 (13 ) Net (loss)/income attributable to Trio-Tech International Common Shareholders $ (167 ) $ 178 $ 1,605 $ 405 Weighted average number of common shares outstanding - basic 3,949 3,913 3,949 3,913 Dilutive effect of stock options 272 133 191 117 Number of shares used to compute earnings per share - diluted 4,221 4,046 4,140 4,030 Basic (losses) / earnings per share from continuing operations attributable to Trio-Tech International $ (0.04 ) 0.05 0.40 0.11 Basic earnings per share from discontinued operations attributable to Trio-Tech International - - - - Basic earnings per share from net income attributable to Trio-Tech International $ (0.04 ) $ 0.05 $ 0.40 $ 0.11 Diluted earnings per share from continuing operations attributable to Trio-Tech International $ (0.04 ) 0.04 0.38 0.10 Diluted earnings per share from discontinued operations attributable to Trio-Tech International - - - - Diluted earnings per share from net income attributable to Trio-Tech International $ (0.04 ) $ 0.04 $ 0.38 $ 0.10 |
Note 19 - Stock Options
Note 19 - Stock Options | 9 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Share-Based Payment Arrangement [Text Block] | 19. STOCK OPTIONS On September 24, 2007, 2007 “2007 2007 “2007 December 3, 2007. 2007 2007 September 24, 2017. two On September 14, 2017, 2017 “2017 2017 “2017 December 4, 2017. Assumptions The fair value for the stock options granted to both employees and directors was estimated using the Black-Scholes option pricing model with the following weighted average assumptions, assuming: ● An expected life varying from 2.50 to 3.25 years, calculated in accordance with the guidance provided in SEC Staff bulletin No. 110 not ● A risk-free interest rate varying from 0.11% to 2.35% ( 2021: ● no expected dividend payments and ● expected volatility of 45.38% to 55.59% ( 2021: 2017 The Company’s 2017 2017 December 2021 December 2021. 2017 not ten may first may 2017 five three 2017 During the third 2022, 2017 nine March 31, 2022. nine March 31, 2022. During the third 2021, 2017 2017 nine March 31, 2021. nine March 31, 2021. As of March 31, 2022, 2017 As of March 31, 2021, 2017 A summary of option activities under the 2017 nine March 31, 2022, Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding at July 1, 2021 267,000 $ 4.21 3.22 $ 290 Granted 40,500 - - - Exercised (41,125 ) 2.86 - - Forfeited or expired - - - - Outstanding at March 31, 2022 266,375 $ 4.96 2.80 $ 621 Exercisable at March 31, 2022 170,500 $ 4.81 2.24 $ 415 A summary of the status of the Company’s non-vested employee stock options during the nine March 31, 2022, Options Weighted Average Grant-Date Fair Value Non-vested at July 1, 2021 102,250 $ 2.29 Granted 40,500 - Vested (46,875 ) - Forfeited - - Non-vested at March 31, 2022 95,875 $ 5.23 A summary of option activities under the 2017 nine March 31, 2021, Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding at July 1, 2020 196,000 $ 3.92 3.72 $ 36.00 Granted 71,000 5.03 - - Exercised - - - - Forfeited or expired - - - - Outstanding at March 31, 2021 267,000 $ 4.21 3.47 $ 210.40 Exercisable at March 31, 2021 149,750 $ 4.46 2.99 $ 106.07 A summary of the status of the Company’s non-vested employee stock options during the nine March 31, 2021, Options Weighted Average Grant-Date Fair Value Non-vested at July 1, 2020 98,000 $ 3.39 Granted 71,000 - Vested (51,750 ) - Forfeited - - Non-vested at March 31, 2021 117,250 $ 3.90 2007 The 2007 September 24, 2017 no may 2007 As the 2007 not 2007 nine March 31, 2022, March 31, 2021 There were 37,500 options exercised during the nine March 31, 2022 none March 31, 2021. not nine March 31, 2022, March 31, 2021. As of March 31, 2022, no 2007 As of March 31, 2021, 2007 A summary of option activities under the 2007 nine March 31, 2022, Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding at July 1, 2021 37,500 $ 4.14 0.75 $ 34 Granted - - - - Exercised (37,500 ) 4.14 - - Forfeited or expired - - - - Outstanding at March 31, 2022 - $ - - $ - There were no non-vested employee stock options during the nine March 31, 2022. A summary of option activities under the 2007 nine March 31, 2021, Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding at July 1, 2020 77,500 $ 3.69 1.22 $ - Granted - - - - Exercised (40,000 ) 3.26 - - Forfeited or expired - - - - Outstanding at March 31, 2021 37,500 $ 4.14 0.99 $ 13.13 Exercisable at March 31, 2021 37,500 $ 4.14 0.99 $ 13.13 There were no non-vested employee stock options during the nine March 31, 2021. 2017 The 2017 2017 September 2020 December 2020. 2017 100% five During the third 2022, 2017 nine March 31, 2022. nine March 31, 2022. During the third 2021, 2017 nine March 31, 2021. nine March 31, 2021. As all the stock options granted under the 2017 2017 March 31, 2022, March 31, 2021. As of March 31, 2022, 2017 As of March 31, 2021, 2017 A summary of option activities under the 2017 three March 31, 2022, Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding at July 1, 2021 320,000 $ 4.27 3.22 $ 340 Granted 100,000 7.76 - - Exercised - - - - Forfeited or expired - - - - Outstanding at March 31, 2022 420,000 5.10 0.60 942 Exercisable at March 31, 2022 420,000 5.10 3.07 942 A summary of option activities under the 2017 nine March 31, 2021, Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding at July 1, 2020 240,000 $ 3.93 3.75 $ 48.00 Granted 80,000 5.27 4.89 - Exercised - - - - Forfeited or expired - - - - Outstanding at March 31, 2021 320,000 $ 4.27 3.47 $ 253.6 Exercisable at March 31, 2021 320,000 $ 4.27 3.47 $ 253.6 2007 The 2007 September 24, 2017 no may 2007 As the 2007 not 2007 nine March 31, 2022, March 31, 2021. There were 50,000 stock options exercised during the nine March 31, 2022. not nine March 31, 2022. 200,000 shares of stock options were exercised during the nine March 31, 2021. not nine March 31, 2021. As of March 31, 2022, no 2007 As of March 31, 2021, 2007 A summary of option activities under the 2007 three March 31, 2022, Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding at July 1, 2021 50,000 $ 4.14 0.75 $ 45 Granted - - - - Exercised (50,000 ) 4.14 - - Forfeited or expired - - - - Outstanding at March 31, 2022 - $ - - $ - Exercisable at March 31, 2022 - $ - - $ - A summary of option activities under the 2007 nine March 31, 2021 Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding at July 1, 2020 250,000 $ 3.32 0.83 $ 22.00 Granted - - - - Exercised (200,000 ) 3.12 - - Forfeited or expired - - - - Outstanding at March 31, 2021 50,000 $ 4.14 0.99 $ 17.50 Exercisable at March 31, 2021 50,000 $ 4.14 0.99 $ 17.50 |
Note 20 - Leases
Note 20 - Leases | 9 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Lessor, Operating Leases [Text Block] | 20. LEASES Company as Lessor Operating leases where we are lessor arise from the leasing of the Company’s commercial and residential real estate investment property. Initial lease terms generally range from 12 to 60 months. Depreciation expense for assets subject to operating leases is taken into account primarily on the straight-line method over a period of twenty 9 months ended March 31, 2022, March 31, 2021. Future minimum rental income in China and Thailand to be received from fiscal year 2022 2023 March 31, 2022: Remainder of fiscal 2022 $ 39 Fiscal 2023 8 $ 47 Future minimum rental income in China and Thailand to be received from fiscal year 2022 2023 June 30, 2021: Fiscal 2022 $ 145 Fiscal 2023 16 $ 161 Sales-type leases under which the Company is the lessor arise from the lease of four 3 Financing receivables, consisting of net investment in sales-type leases and receivables from financed sales of four Components of Lease Balances March 31, 2022 Assets Gross financial sales receivable $ 48 Unearned finance income (4 ) Financed sales receivable $ 44 Net financed sales receivables due within one year $ 21 Net financed sales receivables due after one year $ 23 As of March 31, 2022, 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 three Supplemental balance sheet information related to leases was as follows (in thousands): Mar. 31, 2022 (Unaudited) June 30, 2021 Finance Leases (Plant and Equipment) Plant and equipment, at cost 1,819 1,413 Accumulated depreciation (1,182 ) (1,199 ) Plant and Equipment, Net 637 214 Current portion of finance leases 136 197 Net of current portion of finance leases 152 253 Total Finance Lease Liabilities 288 450 Operating Leases (Corporate Offices, Research and Development Facilities) Operating lease right-of-use assets 2,602 1,876 Current portion of operating leases 758 672 Net of current portion of operating leases 1,844 1,204 Total Operating Lease Liabilities 2,602 1,876 Three Months Ended Nine Months Ended Mar. 31, Mar. 31, Mar. 31, Mar. 31, 2022 2021 2022 2021 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Lease Cost Finance lease cost: Interest on finance lease $ 9 $ 15 $ 20 $ 35 Amortization of right-of-use assets 60 135 150 260 Total finance lease cost 69 150 170 295 Operating Lease Costs $ 331 $ 191 $ 801 $ 566 Other information related to leases was as follows (in thousands except lease term and discount rate): Nine months ended Nine months ended Mar. 31, Mar. 31, 2022 2021 (Unaudited) (Unaudited) Cash Paid for Amounts Included in the Measurement of Lease Liabilities Operating cash flows from finance leases $ (20 ) $ (32 ) Operating cash flows from operating leases (801 ) (565 ) Finance cash flows from finance leases (168 ) (192 ) Right-of-Use Assets Obtained in Exchange for New Operating Lease Liabilities 132 2,070 Weighted-Average Remaining Lease Term: Finance leases 3.62 2.85 Operating leases 3.23 3.36 Weighted-Average Discount Rate: Finance leases 3.60 % 3.35 % Operating leases 4.83 % 4.83 % As of March 31, 2022, Operating Lease Liabilities Finance Lease Liabilities Fiscal Year $ $ Remainder of 2022 309 42 2023 841 136 2024 595 109 2025 581 22 2026 446 - Thereafter 73 - Total future minimum lease payments 2,845 309 Less: amount representing interest (243 ) (21 ) Present value of net minimum lease payments 2,602 288 Presentation on statement of financial position $ $ Current 758 136 Noncurrent 1,844 152 As of June 30, 2021, Operating Lease Liabilities Finance Lease Liabilities Fiscal Year $ $ 2022 748 218 2023 537 137 2024 313 111 2025 291 22 Thereafter 156 - Total future minimum lease payments 2,045 488 Less: amount representing interest (169 ) (38 ) Present value of net minimum lease payments 1,876 450 Presentation on statement of financial position $ $ Current 672 197 Noncurrent 1,204 253 |
Note 21 - Fair Value of Financi
Note 21 - Fair Value of Financial Instruments Approximate Carrying Value | 9 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 21. FAIR VALUE OF FINANCIAL INSTRUMENTS APPROXIMATE CARRYING VALUE In accordance with ASC Topics 825 820, There were no 1 2 three March 31, 2022 2021. Term deposits (Level 2 Restricted term deposits (Level 2 Lines of credit (Level 3 Bank loans payable (Level 3 |
Note 22 - Concentration of Cust
Note 22 - Concentration of Customers | 9 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Concentration Risk Disclosure [Text Block] | 22. The Company had two For the Period Ended Mar 31, 2022 2021 (unaudited) (unaudited) Revenue - Customer A 41.6 % 37.7 % - Customer B 19.5 % 9.7 % Trade Account Receivables - Customer A 39.6 % 34.7 % - Customer B 20.1 % 11.8 % |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 9 Months Ended |
Mar. 31, 2022 | |
Accounting Policies [Abstract] | |
Liquidity [Policy Text Block] | Liquidity nine March 31, 2022, March 31, 2021, |
Foreign Currency Transactions and Translations Policy [Policy Text Block] | Foreign Currency Translation and Transactions The Company translates assets and liabilities of its subsidiaries outside the U.S. into U.S. dollars using the rate of exchange prevailing at the period end, and the consolidated statements of operations and comprehensive income or loss is translated at average rates during the reporting period. Adjustments resulting from the translation of the subsidiaries’ financial statements from foreign currencies into U.S. dollars are recorded in shareholders' equity as part of accumulated other comprehensive gain - translation adjustments. Gains or losses resulting from transactions denominated in currencies other than functional currencies of the Company’s subsidiaries are reflected in income for the reporting period. |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates |
Revenue [Policy Text Block] | Revenue Recognition No. 2014 09, 606, Revenue from Contracts with Customers 606” We apply a five 606 1 2 3 4 5 Revenue derived from testing services is recognized when testing services are rendered. Revenue generated from sale of products in the manufacturing and distribution segments are recognized when persuasive evidence of an arrangement exists, delivery of the products has occurred, customer acceptance has been obtained (which means the significant risks and rewards of ownership have been transferred to the customer), the price is fixed or determinable and collectibility is reasonably assured. Certain customers can request for installation and training services to be performed for certain products sold in the manufacturing segment. These services are mainly for helping customers with the test runs of the machines sold and are considered a separate performance obligation. Such services can be provided by other entities as well and these do not In the real estate segment: ( 1 2 may |
Sales Tax [Policy Text Block] | GST / Indirect Taxes |
Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block] | Trade Accounts Receivables and Allowance for Doubtful Accounts not The Company’s management considers the following factors when determining the collectibility of specific customer accounts: customer creditworthiness, past transaction history with the customer, current economic industry trends, and changes in customer payment terms. The Company includes any account balances that are determined to be uncollectible, along with a general reserve, in the overall allowance for doubtful accounts. After all attempts to collect a receivable have failed, the receivable is written off against the allowance. Based on the information available to management, the Company believed that its allowance for doubtful accounts was adequate as of March 31, 2022, June 30, 2021. |
Extended Product Warranty, Policy [Policy Text Block] | Warranty Costs may |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents three |
Term Deposits [Policy Text Block] | Term Deposits three six Restricted Term Deposits |
Inventory, Policy [Policy Text Block] | Inventories first first not |
Property, Plant and Equipment, Policy [Policy Text Block] | Property, Plant and Equipment and Investment Properties Maintenance, repairs and minor renewals are charged directly to expense as incurred. Additions and improvements to the assets are capitalized. When assets are disposed of, the related cost and accumulated depreciation thereon are removed from the accounts and any resulting gain or loss is included in the consolidated statements of operations and comprehensive income or loss. |
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | Long-Lived Assets and Impairment The Company evaluates the long-lived assets, including property, plant and equipment and investment property, for impairment whenever events or changes in circumstances indicate that the carrying value of such assets may not The Company applies the provisions of ASC Topic 360, Accounting for the Impairment or Disposal of Long-Lived Assets 360” 360 may not |
Lessee, Leases [Policy Text Block] | Leases - Company as Lessee Accounting Standards Codification Topic 842 842" 12 The Company applies the guidance in ASC Topic 842 Operating leases are included in operating lease right-of-use ("ROU") assets under the noncurrent asset portion of our consolidated balance sheets and under the current portion and noncurrent liabilities portion of our consolidated balance sheets. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the related lease. Finance leases are included in property, plant and equipment under the noncurrent asset portion of our consolidated balance sheets and under the current portion and noncurrent liabilities portion of our consolidated balance sheets. The Company has elected the practical expedient within ASC Topic 842 not not 12 When discount rates implicit in leases cannot be readily determined, the Company uses the applicable incremental borrowing rate at lease commencement to perform lease classification tests on lease components and to measure lease liabilities and ROU assets. The incremental borrowing rate used by the Company was based on baseline rates and adjusted by the credit spreads commensurate with the Company’s secured borrowing rate over a similar term. At each reporting period when there is a new lease initiated, the rates established for that quarter will be used. |
Lessor, Leases [Policy Text Block] | Leases - Company as Lessor All the leases under which the Company is the lessor will continue to be classified as operating leases and sales-type leases under the standard. |
Comprehensive Income, Policy [Policy Text Block] | Comprehensive Income or Loss 220, Reporting Comprehensive Income 220” |
Income Tax, Policy [Policy Text Block] | Income Taxes 740, Accounting for Income Taxes 740” . 740 The calculation of tax liabilities involves dealing with uncertainties in the application of complex global tax regulations. The Company recognizes potential liabilities for anticipated tax audit issues in the U.S. and other tax jurisdictions based on its estimate of whether, and the extent to which, additional taxes will be due. If payment of these amounts ultimately proves to be unnecessary, the reversal of the liabilities would result in tax benefits being recognized in the period when the Company determines the liabilities are no |
Retained Earnings [Policy Text Block] | Retained Earnings March 31, 2022, June 30, 2021 |
Share-Based Payment Arrangement [Policy Text Block] | Stock-based compensation four Determining the fair value of stock-based awards at the grant date requires significant judgment. The determination of the grant date fair value of stock-based awards using the Black-Scholes option pricing model is affected by our estimated common stock fair value as well as other subjective assumptions including the expected term of the awards, the expected volatility over the expected term of the awards, expected dividend yield and risk-free interest rates. The assumptions used in our option pricing model represent management’s best estimates and are as follows: ● Fair Value of Common Stock. We determined the fair value of each share of underlying common stock based on the closing price of our common stock on the date of grant. ● Expected Term. The expected term of employee stock options reflects the period for which we believe the option will remain outstanding based on historical experience and future expectations. ● Expected Volatility. We base expected volatility on our historical information over a similar expected term. |
Earnings Per Share, Policy [Policy Text Block] | (Loss) / Earnings per Share |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair Values of Financial Instruments 22 ASC Topic 820, Fair Value Measurements and Disclosures 820” three ● Level 1—Valuations not 1 ● Level 2—Valuations not 2 ● Level 3—Valuations |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentration of Credit Risk not not not |
Investment, Policy [Policy Text Block] | Investments not Equity Method 50% Cost Method not not not |
Financing Receivable, Held-for-investment [Policy Text Block] | Loan Receivables from Property Development Projects Interest income on the loan receivables from property development projects are recognized on an accrual basis. Discounts and premiums on loans are amortized to income using the interest method over the remaining period to contractual maturity. The amortization of discounts into income is discontinued on loans that are contractually 90 |
Contingent Liability Reserve Estimate, Policy [Policy Text Block] | Contingent Liabilities may may one may If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s consolidated financial statements. If the assessment indicates that a potential material loss contingency is not Loss contingencies considered remote are generally not |
Consolidation, Subsidiaries or Other Investments, Consolidated Entities, Policy [Policy Text Block] | Consolidation of subsidiaries- The consolidated financial statements of Group include the accounts of Trio-Tech International and its subsidiaries. Intercompany transactions and balances have been eliminated. |
Note 1 - Organization and Bas_2
Note 1 - Organization and Basis of Presentation (Tables) | 9 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Schedule of Subsidiary of Limited Liability Company or Limited Partnership, Description [Table Text Block] | Ownership Location Express Test Corporation (Dormant) 100% Van Nuys, California Trio-Tech Reliability Services (Dormant) 100% Van Nuys, California KTS Incorporated, dba Universal Systems (Dormant) 100% Van Nuys, California European Electronic Test Centre (Dormant) 100% Dublin, Ireland Trio-Tech International Pte. Ltd. 100% Singapore Universal (Far East) Pte. Ltd. * 100% Singapore Trio-Tech International (Thailand) Co. Ltd. * 100% Bangkok, Thailand Trio-Tech (Bangkok) Co. Ltd. 100% Bangkok, Thailand Trio-Tech (Malaysia) Sdn. Bhd. (55% owned by Trio-Tech International Pte. Ltd.) 55% Penang and Selangor, Malaysia Trio-Tech (Kuala Lumpur) Sdn. Bhd. (100% owned by Trio-Tech Malaysia Sdn. Bhd.) 55% Selangor, Malaysia Prestal Enterprise Sdn. Bhd. (76% owned by Trio-Tech International Pte. Ltd.) 76% Selangor, Malaysia Trio-Tech (SIP) Co., Ltd. * 100% Suzhou, China Trio-Tech (Chongqing) Co. Ltd. * 100% Chongqing, China SHI International Pte. Ltd. (Dormant) (55% owned by Trio-Tech International Pte. Ltd) 55% Singapore PT SHI Indonesia (Dormant) (100% owned by SHI International Pte. Ltd.) 55% Batam, Indonesia Trio-Tech (Tianjin) Co., Ltd. * 100% Tianjin, China Trio-Tech (Jiangsu) Co., Ltd. 51% Suzhou, China |
Note 3 - Term Deposits (Tables)
Note 3 - Term Deposits (Tables) | 9 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Term Deposits [Table Text Block] | Mar. 31, 2022 (Unaudited) June 30, 2021 Short-term deposits $ 4,961 $ 6,353 Currency translation effect on short-term deposits (8 ) 298 Total short-term deposits 4,953 6,651 Restricted term deposits 1,736 1,682 Currency translation effect on restricted term deposits (1 ) 59 Total restricted term deposits 1,735 1,741 Total term deposits $ 6,688 $ 8,392 |
Note 4 - Trade Accounts Recei_2
Note 4 - Trade Accounts Receivable and Allowance for Doubtful Accounts (Tables) | 9 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Changes In Allowance For Doubtful Accounts [Table Text Block] | Mar. 31, 2022 (Unaudited) June 30, 2021 Beginning $ 311 $ 314 Additions charged to expenses 44 5 Recovered (105 ) (14 ) Write-off - (16 ) Currency translation effect 3 22 Ending $ 253 $ 311 |
Note 5 - Loans Receivable Fro_2
Note 5 - Loans Receivable From Property Development Projects (Tables) | 9 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | Loan Expiry Date Loan Amount (RMB) Loan Amount (U.S. Dollars) Short-term loan receivables JiangHuai (Project – Yu Jin Jiang An) May 31, 2013 2,000 314 Less: allowance for doubtful receivables (2,000 ) (314 ) Net loan receivables from property development projects - - Long-term loan receivables Jun Zhou Zhi Ye Oct 31, 2016 5,000 788 Less: transfer – downpayment for purchase of investment property (5,000 ) (788 ) Net loan receivables from property development projects - - |
Note 6 - Inventories (Tables)
Note 6 - Inventories (Tables) | 9 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Schedule of Inventory, Current [Table Text Block] | Mar. 31, 2022 (Unaudited) June 30, 2021 Raw materials $ 1,340 $ 1,152 Work in progress 1,332 1,218 Finished goods 319 325 Less: provision for obsolete inventories (709 ) (679 ) Currency translation effect (10 ) 64 $ 2,272 $ 2,080 |
Schedule of Inventory, Noncurrent [Table Text Block] | Mar. 31, 2022 (Unaudited) June 30, 2021 Beginning $ 679 $ 678 Additions charged to expenses 25 13 Usage – disposition - (28 ) Currency translation effect 5 16 Ending $ 709 $ 679 |
Note 7 - Investment Properties
Note 7 - Investment Properties (Tables) | 9 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Table Text Block] | Investment Date / Reclassification Date Investment Amount (RMB) Investment Amount (U.S. Dollars Purchase of rental property – Property I – MaoYe Property Jan 04, 2008 5,554 894 Currency translation - (87 ) Reclassification as “Assets held for sale” July 01, 2019 (5,554 ) (807 ) Reclassification from “Assets held for sale” Mar 31, 2020 2,024 301 2,024 301 Purchase of rental property – Property II - JiangHuai Jan 06, 2010 3,600 580 Purchase of rental property – Property III - FuLi Apr 08, 2010 4,025 648 Currency translation - (15 ) Gross investment in rental property 9,649 1,514 Accumulated depreciation on rental property Mar 31, 2022 (7,402 ) (1,145 ) Reclassified as “Assets held for sale”- MaoYe Property July 01, 2018 2,822 410 Reclassification from “Assets held for sale”- MaoYe Property Mar 31, 2019 (1,029 ) (143 ) (5,488 ) (878 ) Net investment in property China 4,161 636 Investment Date / Reclassification Date Investment Amount (RMB) Investment Amount (U.S. Dollars Purchase of rental property – Property I – MaoYe Property Jan 04, 2008 5,554 894 Currency translation - (87 ) Reclassification as “Assets held for sale” Jul 01, 2018 (5,554 ) (807 ) Reclassification from “Assets held for sale” Mar 31, 2019 2,024 301 2,024 301 Purchase of rental property – Property II - JiangHuai Jan 06, 2010 3,600 580 Purchase of rental property – Property III - FuLi Apr 08, 2010 4,025 648 Currency translation - (36 ) Gross investment in rental property 9,649 1,493 Accumulated depreciation on rental property Jun 30, 2021 (7,040 ) (1,079 ) Reclassified as “Assets held for sale” - MaoYe Property Jul 01, 2019 2,822 410 Reclassification from “Assets held for sale” - MaoYe Property Mar 31, 2020 (1,029 ) (143 ) (5,247 ) (812 ) Net investment in properties China 4,402 681 |
Note 8 - Other Assets (Tables)
Note 8 - Other Assets (Tables) | 9 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Schedule of Other Assets [Table Text Block] | Mar. 31, 2022 (Unaudited) June 30, 2021 Down payment for purchase of investment properties * $ - $ - Down payment for purchase of property, plant and equipment 6 372 Deposits for rental and utilities and others 153 160 Currency translation effect (18 ) (270 ) Total $ 141 $ 262 |
Schedule of Other Assets, Noncurrent [Table Text Block] | RMB US Dollars Original Investment (10% of Jun Zhou equity) $ 10,000 $ 1,606 Less: Management Fee (5,000 ) (803 ) Net Investment 5,000 803 Less: Share of Loss on Joint Venture (137 ) (22 ) Net Investment as Down Payment (Note *a) 4,863 781 Loans Receivable 5,000 788 Interest Receivable 1,250 197 Less: Impairment of Interest (906 ) (143 ) Transferred to Down Payment (Note *b) 5,344 842 * Down Payment for Purchase of Investment Properties 10,207 1,623 Less: Provision of Impairment loss on other assets (10,207 ) (1,623 ) * Down Payment for Purchase of Investment Properties - - |
Note 9 - Lines of Credit (Table
Note 9 - Lines of Credit (Tables) | 9 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Schedule of Line of Credit Facilities [Table Text Block] | Entity with Type of Interest Expiration Credit Unused Facility Facility Rate Date Limitation Credit Trio-Tech International Pte. Ltd., Singapore Lines of Credit Ranging from 1.85% to 5.5%, SIBOR rate +1.25% and LIBOR rate +1.25% - $ 4,214 $ 3,900 Universal (Far East) Pte. Ltd. Lines of Credit Ranging from 1.85% to 5.5% - $ 1,109 $ 900 Trio-Tech Malaysia Sdn. Bhd. Revolving Credit Cost of Funds Rate +2% - $ 358 $ 358 Entity with Type of Interest Expiration Credit Unused Facility Facility Rate Date Limitation Credit Trio-Tech International Pte. Ltd., Singapore Lines of Credit Ranging from 1.85% to 5.5%, SIBOR rate +1.25% and LIBOR rate +1.30% - $ 4,806 $ 4,806 Universal (Far East) Pte. Ltd. Lines of Credit Ranging from 1.85% to 5.5% - $ 359 $ 187 Trio-Tech Malaysia Sdn. Bhd. Revolving Credit Cost of Funds Rate +2% - $ 350 $ 350 |
Note 10 - Accrued Expenses (Tab
Note 10 - Accrued Expenses (Tables) | 9 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Schedule of Accrued Liabilities [Table Text Block] | Mar. 31, 2022 (Unaudited) June 30, 2021 Payroll and related costs $ 1,641 $ 1,362 Commissions 81 51 Legal and audit 412 321 Sales tax 488 9 Utilities 153 91 Warranty 16 14 Accrued purchase of materials and property, plant and equipment 362 144 Provision for reinstatement 309 290 Deferred income 60 67 Other accrued expenses 347 279 Currency translation effect 1 62 Total $ 3,870 $ 2,690 |
Note 11 - Assurance Warranty _2
Note 11 - Assurance Warranty Accrual (Tables) | 9 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Schedule of Product Warranty Liability [Table Text Block] | Mar. 31, 2022 (Unaudited) June 30, 2021 Beginning $ 14 $ 12 Additions charged to cost and expenses 2 7 Reversal - (4 ) Currency translation effect - (1 ) Ending $ 16 $ 14 |
Note 12 - Bank Loans Payable (T
Note 12 - Bank Loans Payable (Tables) | 9 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Schedule of Debt [Table Text Block] | Mar. 31, 2022 (Unaudited) June 30, 2021 Note payable denominated in RM for expansion plans in Malaysia, maturing in August 2028, bearing interest at the bank’s prime rate less 2.00% (3.60% for March 31, 2022 and June 30, 2021) per annum, with monthly payments of principal plus interest through August 2028, collateralized by the acquired building with a carrying value of $2,543 and $2,579, as at March 31, 2022 and June 30, 2021, respectively. 1,571 1,885 Financing arrangement at fixed interest rate 3.2% per annum, with monthly payments of principal plus interest through July 2025. 145 175 Financing arrangement at fixed interest rate 3.0% per annum, with monthly payments of principal plus interest through Dec 2026. 246 - Total bank loans payable $ 1,962 $ 2,060 Current portion of bank loans payable 498 428 Currency translation effect on current portion of bank loans (5 ) 11 Current portion of bank loans payable 493 439 Long-term portion of bank loans payable 1,487 1,564 Currency translation effect on long-term portion of bank loans (17 ) 57 Long-term portion of bank loans payable $ 1,470 $ 1,621 |
Schedule of Maturities of Long-Term Debt [Table Text Block] | Remainder of fiscal 2022 $ 459 2023 512 2024 311 2025 233 2026 227 Thereafter 221 Total obligations and commitments $ 1,962 2022 $ 439 2023 457 2024 462 2025 208 2026 171 Thereafter 323 Total obligations and commitments $ 2,060 |
Note 14 - Business Segments (Ta
Note 14 - Business Segments (Tables) | 9 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Reconciliation of Revenue from Segments to Consolidated [Table Text Block] | Nine Months Ended Mar. 31, Net Revenue Operating Income / (Loss) Total Assets Depr. And Amort. Capital Expenditures Manufacturing 2022 $ 10,187 107 14,204 318 103 2021 $ 9,324 277 12,576 310 214 Testing Services 2022 13,983 1,000 24,030 1,884 1,040 2021 10,018 (993 ) 21,364 1,859 407 Distribution 2022 8,038 1,108 1,601 - - 2021 3,790 407 983 - - Real Estate 2022 23 (86 ) 1,730 61 1 2021 22 (84 ) 3,784 55 - Corporate & 2022 - (632 ) 238 - - Unallocated 2021 - (36 ) 418 - - Total Company 2022 $ 32,231 1,496 41,803 2,263 1,144 2021 $ 23,154 (429 ) 39,125 2,224 621 Three Months Ended Mar. 31, Net Revenue Operating Income / (Loss) Total Assets Depr. And Amort. Capital Expenditures Manufacturing 2022 $ 3,097 (145 ) 14,204 110 8 2021 $ 3,130 214 12,576 98 60 Testing Services 2022 4,417 (124 ) 24,030 633 341 2021 3,504 (320 ) 21,364 637 344 Distribution 2022 3,620 576 1,601 (2 ) - 2021 1,467 163 983 - - Real Estate 2022 4 (35 ) 1,730 20 - 2021 11 (23 ) 3,784 20 - Corporate & 2022 - (402 ) 238 - - Unallocated 2021 - (99 ) 418 - - Total Company 2022 $ 11,138 (130 ) 41,803 761 349 2021 $ 8,112 (65 ) 39,125 755 404 |
Note 15 - Other Income (Tables)
Note 15 - Other Income (Tables) | 9 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Schedule of Other Nonoperating Income, by Component [Table Text Block] | Three Months Ended Nine Months Ended Mar. 31, Mar. 31, Mar. 31, Mar. 31, 2022 2021 2022 2021 Unaudited Unaudited Unaudited Unaudited Interest income $ 13 $ 26 $ 51 $ 96 Other rental income 30 25 88 70 Exchange (loss) / Gain (9 ) 58 (13 ) (79 ) Bad debt recovery - - 104 10 Dividend income - - - 32 Government grant 62 152 160 412 Commission income - - 200 - Other miscellaneous income 31 12 79 86 Total $ 127 $ 273 $ 669 $ 627 |
Note 17 - Contract Balances (Ta
Note 17 - Contract Balances (Tables) | 9 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block] | Mar. 31, 2022 (Unaudited) June 30, 2021 Trade Accounts Receivable 10,585 8,293 Accounts Payable 2,220 3,702 Contract Assets 594 337 Contract Liabilities 1,172 673 |
Note 18 - (Losses) Earnings P_2
Note 18 - (Losses) Earnings Per Share (Tables) | 9 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended Nine Months Ended Mar. 31, Mar. 31, Mar. 31, Mar. 31, 2022 2021 2022 2021 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Loss)/income attributable to Trio-Tech International common shareholders from continuing operations, net of tax $ (167 ) $ 177 $ 1,603 $ 418 Income / (loss) attributable to Trio-Tech International common shareholders from discontinued operations, net of tax - 1 2 (13 ) Net (loss)/income attributable to Trio-Tech International Common Shareholders $ (167 ) $ 178 $ 1,605 $ 405 Weighted average number of common shares outstanding - basic 3,949 3,913 3,949 3,913 Dilutive effect of stock options 272 133 191 117 Number of shares used to compute earnings per share - diluted 4,221 4,046 4,140 4,030 Basic (losses) / earnings per share from continuing operations attributable to Trio-Tech International $ (0.04 ) 0.05 0.40 0.11 Basic earnings per share from discontinued operations attributable to Trio-Tech International - - - - Basic earnings per share from net income attributable to Trio-Tech International $ (0.04 ) $ 0.05 $ 0.40 $ 0.11 Diluted earnings per share from continuing operations attributable to Trio-Tech International $ (0.04 ) 0.04 0.38 0.10 Diluted earnings per share from discontinued operations attributable to Trio-Tech International - - - - Diluted earnings per share from net income attributable to Trio-Tech International $ (0.04 ) $ 0.04 $ 0.38 $ 0.10 |
Note 19 - Stock Options (Tables
Note 19 - Stock Options (Tables) | 9 Months Ended |
Mar. 31, 2022 | |
Director Plan 2007 [Member] | |
Notes Tables | |
Share-Based Payment Arrangement, Option, Activity [Table Text Block] | Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding at July 1, 2021 50,000 $ 4.14 0.75 $ 45 Granted - - - - Exercised (50,000 ) 4.14 - - Forfeited or expired - - - - Outstanding at March 31, 2022 - $ - - $ - Exercisable at March 31, 2022 - $ - - $ - Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding at July 1, 2020 250,000 $ 3.32 0.83 $ 22.00 Granted - - - - Exercised (200,000 ) 3.12 - - Forfeited or expired - - - - Outstanding at March 31, 2021 50,000 $ 4.14 0.99 $ 17.50 Exercisable at March 31, 2021 50,000 $ 4.14 0.99 $ 17.50 |
Director Plan 2017 [Member] | |
Notes Tables | |
Share-Based Payment Arrangement, Option, Activity [Table Text Block] | Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding at July 1, 2021 320,000 $ 4.27 3.22 $ 340 Granted 100,000 7.76 - - Exercised - - - - Forfeited or expired - - - - Outstanding at March 31, 2022 420,000 5.10 0.60 942 Exercisable at March 31, 2022 420,000 5.10 3.07 942 Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding at July 1, 2020 240,000 $ 3.93 3.75 $ 48.00 Granted 80,000 5.27 4.89 - Exercised - - - - Forfeited or expired - - - - Outstanding at March 31, 2021 320,000 $ 4.27 3.47 $ 253.6 Exercisable at March 31, 2021 320,000 $ 4.27 3.47 $ 253.6 |
Employee Stock Option Plan 2007 [Member] | |
Notes Tables | |
Share-Based Payment Arrangement, Option, Activity [Table Text Block] | Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding at July 1, 2021 37,500 $ 4.14 0.75 $ 34 Granted - - - - Exercised (37,500 ) 4.14 - - Forfeited or expired - - - - Outstanding at March 31, 2022 - $ - - $ - Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding at July 1, 2020 77,500 $ 3.69 1.22 $ - Granted - - - - Exercised (40,000 ) 3.26 - - Forfeited or expired - - - - Outstanding at March 31, 2021 37,500 $ 4.14 0.99 $ 13.13 Exercisable at March 31, 2021 37,500 $ 4.14 0.99 $ 13.13 |
Employee Stock Option Plan 2017 [Member] | |
Notes Tables | |
Share-Based Payment Arrangement, Option, Activity [Table Text Block] | Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding at July 1, 2021 267,000 $ 4.21 3.22 $ 290 Granted 40,500 - - - Exercised (41,125 ) 2.86 - - Forfeited or expired - - - - Outstanding at March 31, 2022 266,375 $ 4.96 2.80 $ 621 Exercisable at March 31, 2022 170,500 $ 4.81 2.24 $ 415 Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding at July 1, 2020 196,000 $ 3.92 3.72 $ 36.00 Granted 71,000 5.03 - - Exercised - - - - Forfeited or expired - - - - Outstanding at March 31, 2021 267,000 $ 4.21 3.47 $ 210.40 Exercisable at March 31, 2021 149,750 $ 4.46 2.99 $ 106.07 |
Employee Stock Ownership Plan (ESOP) Disclosures [Table Text Block] | Options Weighted Average Grant-Date Fair Value Non-vested at July 1, 2021 102,250 $ 2.29 Granted 40,500 - Vested (46,875 ) - Forfeited - - Non-vested at March 31, 2022 95,875 $ 5.23 Options Weighted Average Grant-Date Fair Value Non-vested at July 1, 2020 98,000 $ 3.39 Granted 71,000 - Vested (51,750 ) - Forfeited - - Non-vested at March 31, 2021 117,250 $ 3.90 |
Note 20 - Leases (Tables)
Note 20 - Leases (Tables) | 9 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Schedule of Future Minimum Rental Income For Operating Leases [Table Text Block] | Remainder of fiscal 2022 $ 39 Fiscal 2023 8 $ 47 Fiscal 2022 $ 145 Fiscal 2023 16 $ 161 |
Sales-type and Direct Financing Leases, Lease Receivable [Table Text Block] | Components of Lease Balances March 31, 2022 Assets Gross financial sales receivable $ 48 Unearned finance income (4 ) Financed sales receivable $ 44 Net financed sales receivables due within one year $ 21 Net financed sales receivables due after one year $ 23 |
Operating and Finance Leases of Lessee Disclosure [Table Text Block] | Mar. 31, 2022 (Unaudited) June 30, 2021 Finance Leases (Plant and Equipment) Plant and equipment, at cost 1,819 1,413 Accumulated depreciation (1,182 ) (1,199 ) Plant and Equipment, Net 637 214 Current portion of finance leases 136 197 Net of current portion of finance leases 152 253 Total Finance Lease Liabilities 288 450 Operating Leases (Corporate Offices, Research and Development Facilities) Operating lease right-of-use assets 2,602 1,876 Current portion of operating leases 758 672 Net of current portion of operating leases 1,844 1,204 Total Operating Lease Liabilities 2,602 1,876 Three Months Ended Nine Months Ended Mar. 31, Mar. 31, Mar. 31, Mar. 31, 2022 2021 2022 2021 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Lease Cost Finance lease cost: Interest on finance lease $ 9 $ 15 $ 20 $ 35 Amortization of right-of-use assets 60 135 150 260 Total finance lease cost 69 150 170 295 Operating Lease Costs $ 331 $ 191 $ 801 $ 566 |
Operating and Finance Leases Of Lessee Other Disclosure [Table Text Block] | Nine months ended Nine months ended Mar. 31, Mar. 31, 2022 2021 (Unaudited) (Unaudited) Cash Paid for Amounts Included in the Measurement of Lease Liabilities Operating cash flows from finance leases $ (20 ) $ (32 ) Operating cash flows from operating leases (801 ) (565 ) Finance cash flows from finance leases (168 ) (192 ) Right-of-Use Assets Obtained in Exchange for New Operating Lease Liabilities 132 2,070 Weighted-Average Remaining Lease Term: Finance leases 3.62 2.85 Operating leases 3.23 3.36 Weighted-Average Discount Rate: Finance leases 3.60 % 3.35 % Operating leases 4.83 % 4.83 % |
Schedule Of Future Minimum Rental Payments for Operating and Finance Leases [Table Text Block] | Operating Lease Liabilities Finance Lease Liabilities Fiscal Year $ $ Remainder of 2022 309 42 2023 841 136 2024 595 109 2025 581 22 2026 446 - Thereafter 73 - Total future minimum lease payments 2,845 309 Less: amount representing interest (243 ) (21 ) Present value of net minimum lease payments 2,602 288 Presentation on statement of financial position $ $ Current 758 136 Noncurrent 1,844 152 Operating Lease Liabilities Finance Lease Liabilities Fiscal Year $ $ 2022 748 218 2023 537 137 2024 313 111 2025 291 22 Thereafter 156 - Total future minimum lease payments 2,045 488 Less: amount representing interest (169 ) (38 ) Present value of net minimum lease payments 1,876 450 Presentation on statement of financial position $ $ Current 672 197 Noncurrent 1,204 253 |
Note 22 - Concentration of Cu_2
Note 22 - Concentration of Customers (Tables) | 9 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Schedules of Concentration of Risk, by Risk Factor [Table Text Block] | For the Period Ended Mar 31, 2022 2021 (unaudited) (unaudited) Revenue - Customer A 41.6 % 37.7 % - Customer B 19.5 % 9.7 % Trade Account Receivables - Customer A 39.6 % 34.7 % - Customer B 20.1 % 11.8 % |
Note 1 - Organization and Bas_3
Note 1 - Organization and Basis of Presentation (Details Textual) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Mar. 31, 2022USD ($) | Mar. 31, 2021USD ($) | Mar. 31, 2022USD ($) | Mar. 31, 2021USD ($) | Jun. 30, 2021USD ($) | |
Number of Operating Segments | 4 | 4 | |||
Cash, Cash Equivalents, and Short-Term Investments, Total | $ 12,431 | $ 12,431 | |||
Line of Credit Facility, Remaining Borrowing Capacity | 5,158 | 5,158 | |||
Net Income (Loss) Available to Common Stockholders, Basic, Total | (167) | $ 178 | 1,605 | $ 405 | |
Retained Earnings (Accumulated Deficit), Total | 8,429 | 8,429 | $ 6,824 | ||
Subsidiaries [Member] | |||||
Retained Earnings (Accumulated Deficit), Total | $ 17,803 | $ 17,803 | $ 16,683 | ||
Minimum [Member] | |||||
Trade Accounts Receivable, Credit Term (Day) | 30 days | ||||
Maximum [Member] | |||||
Trade Accounts Receivable, Credit Term (Day) | 90 days | ||||
Trio-Tech (Tianjin) Co., Ltd, [Member] | |||||
Noncontrolling Interest, Ownership Percentage by Parent | 100.00% | 100.00% |
Note 1 - Organization and Bas_4
Note 1 - Organization and Basis of Presentation - Ownership (Details) | Mar. 31, 2022 | |
Express Test Corporation Dormant [Member] | ||
Ownership | 100.00% | |
Trio Tech Reliability Services Dormant [Member] | ||
Ownership | 100.00% | |
KTS Incorporated, dba Universal Systems (Dormant) [Member] | ||
Ownership | 100.00% | |
European Electronic Test Centre (Dormant) [Member] | ||
Ownership | 100.00% | |
Trio Tech International Pte Ltd [Member] | ||
Ownership | 100.00% | |
Universal (Far East) Pte. Ltd. [Member] | ||
Ownership | 100.00% | [1] |
Trio-Tech International (Thailand) Co. Ltd. [Member] | ||
Ownership | 100.00% | [1] |
Trio-Tech (Bangkok) Co. Ltd [Member] | ||
Ownership | 100.00% | |
Trio-Tech (Malaysia) Sdn. Bhd.[Member] | ||
Ownership | 55.00% | |
Trio-Tech (Kuala Lumpur) Sdn. Bhd. [Member] | ||
Ownership | 55.00% | |
Prestal Enterprise Sdn. Bhd. [Member] | ||
Ownership | 76.00% | |
Trio-Tech (SIP) Co., Ltd [Member] | ||
Ownership | 100.00% | [1] |
Trio-Tech (Chongqing) Co. Ltd [Member] | ||
Ownership | 100.00% | [1] |
SHI International Pte. Ltd. (Dormant) [Member] | ||
Ownership | 55.00% | |
PT SHI Indonesia (Dormant) [Member] | ||
Ownership | 55.00% | |
Trio-Tech (Tianjin) Co., Ltd, [Member] | ||
Ownership | 100.00% | [1] |
Trio-tech (Jiangsu) Co. Ltd. [Member] | ||
Ownership | 51.00% | |
[1] | 100% owned by Trio-Tech International Pte. Ltd. |
Note 3 - Term Deposits - Term D
Note 3 - Term Deposits - Term Deposits (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Jun. 30, 2021 |
Short-term deposits | $ 4,961 | $ 6,353 |
Currency translation effect on short-term deposits | 8 | (298) |
Total short-term deposits | 4,953 | 6,651 |
Restricted term deposits | 1,736 | 1,682 |
Currency translation effect on restricted term deposits | (1) | 59 |
Total restricted term deposits | 1,735 | 1,741 |
Total term deposits | $ 6,688 | $ 8,392 |
Note 4 - Trade Accounts Recei_3
Note 4 - Trade Accounts Receivable and Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Jun. 30, 2021 | |
Beginning | $ 311 | $ 314 |
Additions charged to expenses | 44 | 5 |
Recovered | (105) | (14) |
Write-off | 0 | (16) |
Currency translation effect | 3 | 22 |
Ending | $ 253 | $ 311 |
Note 5 - Loans Receivable Fro_3
Note 5 - Loans Receivable From Property Development Projects (Details Textual) - Mar. 31, 2022 $ in Thousands, ¥ in Millions | USD ($) | CNY (¥) |
Financing Receivable, before Allowance for Credit Loss, Current | $ 314 | ¥ 2 |
Short-term loan, Allowance for Credit Loss, Current | 314 | |
Financing Receivable, before Allowance for Credit Loss, Noncurrent | $ 788 | ¥ 5 |
Note 5 - Loans Receivable Fro_4
Note 5 - Loans Receivable From Property Development Projects - Loans Receivable (Details) - Mar. 31, 2022 ¥ in Thousands, $ in Thousands | USD ($) | CNY (¥) |
JiangHuai (Project – Yu Jin Jiang An) | $ 314 | ¥ 2,000 |
Less: allowance for doubtful receivables | (314) | (2,000) |
Net loan receivables from property development projects | 0 | 0 |
Jun Zhou Zhi Ye | 788 | 5,000 |
Less: transfer – downpayment for purchase of investment property | (788) | (5,000) |
Net loan receivables from property development projects | $ 0 | ¥ 0 |
Note 6 - Inventories - Inventor
Note 6 - Inventories - Inventories (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Jun. 30, 2021 | Jun. 30, 2020 |
Raw materials | $ 1,340 | $ 1,152 | |
Work in progress | 1,332 | 1,218 | |
Finished goods | 319 | 325 | |
Less: provision for obsolete inventories | (709) | (679) | $ (678) |
Currency translation effect | (10) | 64 | |
Inventory, Net, Total | $ 2,272 | $ 2,080 |
Note 6 - Inventories - Changes
Note 6 - Inventories - Changes in Provision for Obsolete Inventories (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Jun. 30, 2021 | |
Beginning | $ 679 | $ 678 |
Additions charged to expenses | 25 | 13 |
Usage – disposition | 0 | (28) |
Currency translation effect | 5 | 16 |
Ending | $ 709 | $ 679 |
Note 7 - Investment Propertie_2
Note 7 - Investment Properties (Details Textual) ¥ in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | 9 Months Ended | 10 Months Ended | 12 Months Ended | ||||||||||||||
Mar. 31, 2022USD ($) | Mar. 31, 2021USD ($) | Apr. 30, 2021USD ($) | Mar. 31, 2022USD ($) | Mar. 31, 2021USD ($) | Mar. 31, 2022USD ($) | Mar. 31, 2022CNY (¥) | Jun. 30, 2021USD ($) | Oct. 31, 2020USD ($)ft² | Oct. 31, 2020CNY (¥)ft² | Jun. 30, 2010USD ($) | Jun. 30, 2010CNY (¥) | Mar. 31, 2022CNY (¥) | Jun. 30, 2021CNY (¥) | May 21, 2021m² | Mar. 31, 2010USD ($)a | Mar. 31, 2010CNY (¥)a | Mar. 31, 2008USD ($) | Mar. 31, 2008CNY (¥) | |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 894 | $ 894 | $ 894 | $ 894 | ¥ 5,554 | ¥ 5,554 | |||||||||||||
TTCQ [Member] | |||||||||||||||||||
Lease, Operating Lease, Number of Properties | 2 | 2 | 2 | ||||||||||||||||
Area of Real Estate Property (Acre) | 161 | 161 | 154.49 | 311.99 | 311.99 | ||||||||||||||
Purchase Obligation, Total | $ 648 | ¥ 4,025 | |||||||||||||||||
Lessee, Operating Lease, Term of Contract (Year) | 2 years | ||||||||||||||||||
Lessee, Operating Lease, Monthly Rate | $ 1 | 1 | ¥ 9 | $ 1 | |||||||||||||||
Lessor, Operating Lease, Monthly Rate | $ 10 | ¥ 10 | |||||||||||||||||
Mao Ye [Member] | |||||||||||||||||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 5,554 | ¥ 894 | |||||||||||||||||
Operating Lease, Lease Income, Total | $ 6 | 4 | $ 9 | ||||||||||||||||
Depreciation, Total | 4 | 4 | 12 | 11 | |||||||||||||||
Jiang Huai [Member] | |||||||||||||||||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost of Land | 580 | 580 | $ 580 | 580 | ¥ 3,600 | 3,600 | |||||||||||||
Depreciation, Total | $ 7 | 6 | $ 21 | 19 | |||||||||||||||
Payments to Acquire Projects | $ 580 | ¥ 3,600 | |||||||||||||||||
Number of Auctions | 3 | 3 | 3 | 3 | |||||||||||||||
FuLi [Member] | |||||||||||||||||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 648 | $ 648 | $ 648 | $ 648 | ¥ 4,025 | ¥ 4,025 | |||||||||||||
Operating Lease, Lease Income, Total | 4 | 5 | 19 | 12 | |||||||||||||||
Depreciation, Total | 8 | 7 | 23 | 22 | |||||||||||||||
CHINA | |||||||||||||||||||
Operating Lease, Lease Income, Total | 4 | 11 | 23 | 21 | |||||||||||||||
Depreciation, Total | $ 19 | $ 17 | $ 56 | $ 52 | |||||||||||||||
Real Estate [Member] | |||||||||||||||||||
Property, Plant and Equipment, Useful Life (Year) | 20 years | 20 years |
Note 7 - Investment Property -
Note 7 - Investment Property - Investment Properties (Details) ¥ in Thousands, $ in Thousands | Mar. 31, 2022USD ($) | Mar. 31, 2022CNY (¥) | Jun. 30, 2021USD ($) | Jun. 30, 2021CNY (¥) | Mar. 31, 2008USD ($) | Mar. 31, 2008CNY (¥) |
Purchase of rental property – Property I – MaoYe Property | $ 894 | ¥ 5,554 | $ 894 | ¥ 5,554 | ||
Currency translation | 15 | 0 | 36 | 0 | ||
Reclassification as “Assets held for sale” | (807) | (5,554) | (807) | (5,554) | ||
Reclassification from “Assets held for sale” | 301 | 2,024 | 301 | 2,024 | ||
Currency translation | (15) | 0 | (36) | 0 | ||
Gross investment in rental property | 1,514 | 9,649 | 1,493 | 9,649 | ||
Accumulated depreciation on rental property | (1,145) | (7,402) | (1,079) | (7,040) | ||
Reclassification From Assets | (878) | (5,488) | (812) | (5,247) | ||
Net investment in property – China | 636 | 4,161 | 681 | 4,402 | ||
Mao Ye [Member] | ||||||
Purchase of rental property – Property I – MaoYe Property | $ 5,554 | ¥ 894 | ||||
Currency translation | (87) | 0 | (87) | 0 | ||
Reclassification as “Assets held for sale” | 410 | 2,822 | 410 | 2,822 | ||
Reclassification from “Assets held for sale” | (143) | (1,029) | (143) | (1,029) | ||
Currency translation | 87 | 0 | 87 | 0 | ||
Jiang Huai [Member] | ||||||
Purchase of rental property – Property I – MaoYe Property | 580 | 3,600 | 580 | 3,600 | ||
FuLi [Member] | ||||||
Purchase of rental property – Property I – MaoYe Property | $ 648 | ¥ 4,025 | $ 648 | ¥ 4,025 |
Note 8 - Other Assets (Details
Note 8 - Other Assets (Details Textual) ¥ in Thousands, $ in Thousands | 3 Months Ended | ||||||
Jun. 30, 2021USD ($) | Mar. 31, 2022USD ($) | Mar. 31, 2022CNY (¥) | Oct. 02, 2013USD ($) | Oct. 02, 2013CNY (¥) | Dec. 02, 2010USD ($) | Dec. 02, 2010CNY (¥) | |
Percentage of Investment | 10.00% | 10.00% | 10.00% | 10.00% | |||
Management Fee Payable | $ 803 | ¥ 5,000 | ¥ 5,000 | ||||
Loss On Joint Venture | (22) | (137) | $ 22 | ¥ 137 | |||
Investments, Total | 803 | 5,000 | $ 788,000 | ¥ 5,000 | |||
Loans and Leases Receivable, Related Parties, Ending Balance | 788 | $ 788 | 5,000 | ||||
Interest Receivable | 197 | 197 | 1,250 | ||||
Impairment of Interest | 143 | $ 143 | ¥ 906 | ||||
Asset Impairment Charges, Total | $ 1,580 |
Note 8 - Other Assets - Other A
Note 8 - Other Assets - Other Assets (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Jun. 30, 2021 | |
Down payment for purchase of investment properties | [1] | $ 0 | $ 0 |
Down payment for purchase of property, plant and equipment | 6 | 372 | |
Deposits for rental and utilities and others | 153 | 160 | |
Currency translation effect | (18) | (270) | |
Total | $ 141 | $ 262 | |
[1] | Down payment for purchase of investment properties included: |
Note 8 - Other Assets - Down Pa
Note 8 - Other Assets - Down Payment for Purchase of Investment Properties (Details) ¥ in Thousands, $ in Thousands | 9 Months Ended | 12 Months Ended | ||||||
Mar. 31, 2022USD ($) | Jun. 30, 2021USD ($) | Mar. 31, 2022CNY (¥) | Oct. 02, 2013USD ($) | Oct. 02, 2013CNY (¥) | Dec. 02, 2010USD ($) | Dec. 02, 2010CNY (¥) | ||
Original Investment (10% of Jun Zhou equity) | $ 1,606 | ¥ 10,000 | ||||||
Less: Management Fee | (803) | (5,000) | ¥ (5,000) | |||||
Net Investment | 803 | 5,000 | $ 788,000 | ¥ 5,000 | ||||
Less: Share of Loss on Joint Venture | (22) | (137) | $ 22 | ¥ 137 | ||||
Net Investment as Down Payment (Note *a) | [1] | 781 | 4,863 | |||||
Loans Receivable | $ 788 | 788 | 5,000 | |||||
Interest Receivable | 197 | 197 | 1,250 | |||||
Less: Impairment of Interest | (143) | (143) | (906) | |||||
Transferred to Down Payment (Note *b) | [2] | 842 | 5,344 | |||||
* Down Payment for Purchase of Investment Properties | 1,623 | ¥ 10,207 | ||||||
Less: Provision of Impairment loss on other assets | $ (10,207) | $ (1,623) | ||||||
[1] | In fiscal year 2011, the Company signed a Joint Venture agreement (“agreement”) with Jia Sheng Property Development Co. Ltd. (“Developer”) to form a new company, Jun Zhou Co., Limited (“Joint Venture” or “Jun Zhou”) to joint develop the “Singapore Themed Park” project (the “project”), where the Company paid RMB10 million for the 10% investment in the joint venture. The Developer paid Company a management fee of RMB5 million in cash upon signing of the agreement with a remaining fee of RMB5 million payable upon fulfillment of certain conditions in accordance with the agreement. The Company further reduced its investment by RMB137, or approximately $22 towards the losses from operations incurred by the joint venture. 19 In fiscal year 2014, the Company disposed its entire 10% interest in the joint venture. The Company recognized the disposal of its 10% investment in Jun Zhou based on the recorded net book value of RMB5 million, or equivalent to $803, from net considerations paid, in accordance with US GAAP under ASC Topic 845 Non-monetary Consideration, and it's presented under “Other Assets” as noncurrent assets to defer the recognition of the gain on the disposal of the 10% interest in the joint venture investment until such time that the consideration is paid, so that the gain can be ascertained. | |||||||
[2] | Amounts of RMB5,000 or approximately $773 as disclosed in Note 5, plus the interest receivable on Long-term loan receivable of RMB1,250 or approximately $193, and impairment on interest of RMB 906 or approximately $140. The shop lots are to be delivered to TTCQ upon completion of the construction of the shop lots in the Singapore Themed Resort Project. The initial targeted date of completion was in fiscal year 2017. Based on discussion with the developers, the completion date is currently estimated to be December 31, 2022. The delay was primarily due to the time needed by the developers to work with various parties to inject sufficient funds into this project, especially during the COVID-19 pandemic During the fourth quarter of 2021, The Company accrued an impairment charge of $1,580 related to the doubtful recovery of the down payment on shop lots in the Singapore Theme Resort Project in Chongging, China, which the impairment loss translated based on the exchange rate used in the fiscal year 2021. The Company accounted for this non-cash impairment charge because of increased uncertainties regarding the project’s viability given the developer’s weakening financial condition as well as uncertainties arising from the negative real-estate environment in China, implementation of control measures on real-estate lending and its relevant government policies, together with effects of the ongoing pandemic. |
Note 9 - Lines Of Credit- Line
Note 9 - Lines Of Credit- Line of Credit (Details) - USD ($) | 9 Months Ended | |
Mar. 31, 2022 | Jun. 30, 2021 | |
Trio Tech International Pte Ltd [Member] | ||
Trio-Tech International Pte. Ltd., Singapore | $ 3,900 | $ 4,806,000 |
Basis spread rate | 2.00% | |
Unused credit | 4,806,000 | |
Trio Tech International Pte Ltd [Member] | SIBOR Rate [Member] | ||
Trio-Tech International Pte. Ltd., Singapore | $ 1.25 | |
Trio Tech International Pte Ltd [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||
Trio-Tech International Pte. Ltd., Singapore | $ 4,214 | |
Trio Tech International Pte Ltd [Member] | Minimum [Member] | ||
Interest rate | 1.85% | |
Trio Tech International Pte Ltd [Member] | Maximum [Member] | ||
Interest rate | 5.50% | |
Universal (Far East) Pte. Ltd. [Member] | ||
Interest rate | 1.85% | |
Trio-Tech International Pte. Ltd., Singapore | $ 900 | 359,000 |
Unused credit | 187,000 | |
Universal (Far East) Pte. Ltd. [Member] | Minimum [Member] | ||
Interest rate | 5.50% | |
Universal (Far East) Pte. Ltd. [Member] | Maximum [Member] | ||
Interest rate | 5.50% | |
Trio-Tech (Malaysia) Sdn. Bhd.[Member] | ||
Trio-Tech International Pte. Ltd., Singapore | $ 358 | $ 350,000 |
Note 10 - Accrued Expenses - Ac
Note 10 - Accrued Expenses - Accrued Expenses (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Jun. 30, 2021 |
Payroll and related costs | $ 1,641 | $ 1,362 |
Commissions | 81 | 51 |
Legal and audit | 412 | 321 |
Sales tax | 488 | 9 |
Utilities | 153 | 91 |
Warranty | 16 | 14 |
Accrued purchase of materials and property, plant and equipment | 362 | 144 |
Provision for reinstatement | 309 | 290 |
Deferred income | 60 | 67 |
Other accrued expenses | 347 | 279 |
Currency translation effect | 1 | 62 |
Total | $ 3,870 | $ 2,690 |
Note 11 - Warranty Accrual - Wa
Note 11 - Warranty Accrual - Warrant Liability (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Jun. 30, 2021 | |
Beginning | $ 14 | $ 12 |
Additions charged to cost and expenses | 2 | 7 |
Reversal | 0 | (4) |
Currency translation effect | 0 | (1) |
Ending | $ 16 | $ 14 |
Note 12 - Bank Loans Payable -
Note 12 - Bank Loans Payable - Bank Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Jun. 30, 2021 |
Bank loan payable | $ 1,962 | $ 2,060 |
Current portion of bank loans payable | 498 | 428 |
Currency translation effect on current portion of bank loans | (5) | 11 |
Current portion of bank loans payable | 493 | 439 |
Long-term portion of bank loans payable | 1,487 | 1,564 |
Currency translation effect on long-term portion of bank loans | (17) | 57 |
Long-term portion of bank loans payable | 1,470 | 1,621 |
Notes Payable To Banks 1 [Member] | ||
Bank loan payable | 1,571 | 1,885 |
Notes Payable To Banks 2 [Member] | ||
Bank loan payable | 145 | 175 |
Notes Payable to Bank 3 [Member] | ||
Bank loan payable | $ 246 | $ 0 |
Note 12 - Bank Loans Payable _2
Note 12 - Bank Loans Payable - Bank Loans (Details) (Parentheticals) - USD ($) $ in Thousands | Mar. 31, 2022 | Jun. 30, 2021 |
Carrying value | $ 9,107 | $ 9,531 |
Note 12 - Bank Loans Payable _3
Note 12 - Bank Loans Payable - Future Minimum Payments (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Jun. 30, 2021 |
Remainder of fiscal 2022 | $ 459 | |
2023 | 512 | $ 439 |
2024 | 311 | 457 |
2025 | 233 | 462 |
2026 | 227 | 208 |
Thereafter | 221 | |
Total obligations and commitments | $ 1,962 | 2,060 |
2026 | 171 | |
Thereafter | $ 323 |
Note 13 - Commitments and Con_2
Note 13 - Commitments and Contingencies (Details Textual) - USD ($) $ in Thousands | Mar. 31, 2022 | Jun. 30, 2021 |
Contractual Obligation, Total | $ 0 | |
MALAYSIA | ||
Contractual Obligation, Total | $ 0 | $ 93 |
Note 14 - Business Segments (De
Note 14 - Business Segments (Details Textual) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2022USD ($) | Mar. 31, 2021USD ($) | Mar. 31, 2022USD ($) | Mar. 31, 2021USD ($) | |
Revenue from Contract with Customer, Including Assessed Tax | $ 11,138 | $ 8,112 | $ 32,231 | $ 23,154 |
Number of Operating Segments | 4 | 4 | ||
Intersegment Eliminations [Member] | ||||
Revenue from Contract with Customer, Including Assessed Tax | $ 232 | $ 375 |
Note 14 - Business Segments - B
Note 14 - Business Segments - Business Segment Information (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2022 | Mar. 31, 2021 | Jun. 30, 2021 | |
Net Revenue | $ 11,138 | $ 8,112 | $ 32,231 | $ 23,154 | |
Operating Income / (loss) | (130) | (65) | 1,496 | (429) | |
Assets | 41,803 | 39,125 | 41,803 | 39,125 | $ 38,306 |
Depreciation and amortization | 761 | 755 | 2,263 | 2,224 | |
Capital expenditures | 349 | 404 | 1,144 | 621 | |
Manufacturing [Member] | |||||
Net Revenue | 3,097 | 3,130 | 10,187 | 9,324 | |
Operating Income / (loss) | (145) | 214 | 107 | 277 | |
Assets | 14,204 | 12,576 | 14,204 | 12,576 | |
Depreciation and amortization | 110 | 98 | 318 | 310 | |
Capital expenditures | 8 | 60 | 103 | 214 | |
Testing Services [Member] | |||||
Net Revenue | 4,417 | 3,504 | 13,983 | 10,018 | |
Operating Income / (loss) | (124) | (320) | 1,000 | (993) | |
Assets | 24,030 | 21,364 | 24,030 | 21,364 | |
Depreciation and amortization | 633 | 637 | 1,884 | 1,859 | |
Capital expenditures | 341 | 344 | 1,040 | 407 | |
Distribution [Member] | |||||
Net Revenue | 3,620 | 1,467 | 8,038 | 3,790 | |
Operating Income / (loss) | 576 | 163 | 1,108 | 407 | |
Assets | 1,601 | 983 | 1,601 | 983 | |
Depreciation and amortization | (2) | 0 | 0 | 0 | |
Real Estate Segment [Member] | |||||
Net Revenue | 4 | 11 | 23 | 22 | |
Operating Income / (loss) | (35) | (23) | (86) | (84) | |
Assets | 1,730 | 3,784 | 1,730 | 3,784 | |
Depreciation and amortization | 20 | 20 | 61 | 55 | |
Capital expenditures | 1 | ||||
Corporate and Unallocated [Member] | |||||
Operating Income / (loss) | (402) | (99) | (632) | (36) | |
Assets | 238 | 418 | 238 | 418 | |
Depreciation and amortization | $ 0 | $ 0 | $ 0 | $ 0 |
Note 15 - Other Income (Details
Note 15 - Other Income (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2022 | Mar. 31, 2021 | |
Government Grant | $ 62 | $ 152 | $ 160 | $ 412 |
Other Nonoperating Income (Expense) [Member] | ||||
Government Grant | $ 0 | |||
Government Grant, Foreign, COVID-19 Relief Income | $ 107 | $ 61 | $ 350 |
Note 15 - Other Income - Other
Note 15 - Other Income - Other Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2022 | Mar. 31, 2021 | |
Interest income | $ 13 | $ 26 | $ 51 | $ 96 |
Other rental income | 30 | 25 | 88 | 70 |
Exchange (loss) / Gain | (9) | 58 | (13) | (79) |
Recovery of Bad Debts | 0 | 0 | 104 | 10 |
Dividend income | 0 | 0 | 0 | 32 |
Government grant | 62 | 152 | 160 | 412 |
Commission income | 0 | 0 | 200 | 0 |
Other miscellaneous income | 31 | 12 | 79 | 86 |
Total | $ 127 | $ 273 | $ 669 | $ 627 |
Note 16 - Income Tax (Details T
Note 16 - Income Tax (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2022 | Mar. 31, 2021 | |
Other Comprehensive Income (Loss), Tax, Total | $ 170 | $ 503 | $ 118 | $ 125 |
Effective Income Tax Rate Reconciliation, Percent, Total | 500.00% | 64.50% | ||
Unrecognized Tax Benefits, Ending Balance | $ 0 | $ 0 |
Note 17 - Contract Balances (De
Note 17 - Contract Balances (Details Textual) - USD ($) $ in Thousands | Mar. 31, 2022 | Jun. 30, 2021 |
Revenue, Remaining Performance Obligation, Amount | $ 636 | $ 924 |
Minimum [Member] | ||
Percentage of Contract Consideration | 70.00% | |
Maximum [Member] | ||
Percentage of Contract Consideration | 90.00% | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Year) | 2 years |
Note 17 - Contract Balances - R
Note 17 - Contract Balances - Reconciliation of Contract Balances (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Jun. 30, 2021 |
Trade Accounts Receivable | $ 10,585 | $ 8,293 |
Accounts Payable | 2,220 | 3,702 |
Contract Assets | 594 | 337 |
Contract Liabilities | $ 1,172 | $ 673 |
Note 18 - (Losses) Earnings P_3
Note 18 - (Losses) Earnings Per Share (Details Textual) - $ / shares | 1 Months Ended | 3 Months Ended | 9 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2022 | Mar. 31, 2022 | Mar. 31, 2021 | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period (in shares) | 674,500 | |||
Incremental Common Shares Attributable to Dilutive Effect of Call Options and Warrants (in shares) | 140,000 | 140,500 | ||
Minimum [Member] | ||||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ 2.53 | $ 3.28 | $ 3.28 | $ 2.53 |
Maximum [Member] | ||||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ 5.98 | $ 7.76 | $ 7.76 | $ 5.98 |
Share-Based Payment Arrangement, Option [Member] | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period (in shares) | 698,875 |
Note 18 - (Losses) Earnings P_4
Note 18 - (Losses) Earnings Per Share - Computation of Basic and Diluted EPS (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2022 | Mar. 31, 2021 | |
(Loss)/income attributable to Trio-Tech International common shareholders from continuing operations, net of tax | $ (167) | $ 177 | $ 1,603 | $ 418 |
Income / (loss) attributable to Trio-Tech International common shareholders from discontinued operations, net of tax | 0 | 1 | 2 | (13) |
Net (loss)/income attributable to Trio-Tech International Common Shareholders | $ (167) | $ 178 | $ 1,605 | $ 405 |
Basic (in shares) | 3,949 | 3,913 | 3,949 | 3,913 |
Dilutive effect of stock options (in shares) | 272 | 133 | 191 | 117 |
Number of shares used to compute earnings per share diluted (in shares) | 4,221 | 4,046 | 4,140 | 4,030 |
Basic (loss) / earnings per share from continuing operations attributable to Trio-Tech International (in dollars per share) | $ (0.04) | $ 0.05 | $ 0.40 | $ 0.11 |
Basic earnings per share from discontinued operations attributable to Trio-Tech International (in dollars per share) | 0 | 0 | 0 | 0 |
Basic earnings per share from net income attributable to Trio-Tech International (in dollars per share) | (0.04) | 0.05 | 0.40 | 0.11 |
Diluted earnings per share from continuing operations attributable to Trio-Tech International (in dollars per share) | (0.04) | 0.04 | 0.38 | 0.10 |
Diluted earnings per share from discontinued operations attributable to Trio-Tech International (in dollars per share) | 0 | 0 | 0 | 0 |
Diluted earnings per share from net income attributable to Trio-Tech International (in dollars per share) | $ (0.04) | $ 0.04 | $ 0.38 | $ 0.10 |
Note 19 - Stock Options (Detail
Note 19 - Stock Options (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | Sep. 24, 2017 | Sep. 24, 2007 | Mar. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2020 | Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2022 | Mar. 31, 2021 |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Payments | $ 0 | ||||||||
Minimum [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term (Year) | 2 years 6 months | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate | 0.11% | 0.14% | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate | 45.38% | 45.38% | |||||||
Maximum [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term (Year) | 3 years 3 months | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate | 2.35% | 2.35% | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate | 55.59% | 76.85% | |||||||
Employee Stock Option Plan 2007 [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | 600,000 | 0 | 0 | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period (in shares) | 0 | 37,500 | 40,000 | ||||||
Share-Based Payment Arrangement, Expense | $ 0 | $ 0 | |||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number (in shares) | 37,500 | 37,500 | 37,500 | ||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Exercise Price (in dollars per share) | $ 4.14 | $ 4.14 | $ 4.14 | ||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term (Year) | 11 months 26 days | ||||||||
Director Plan 2007 [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | 500,000 | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period (in shares) | 50,000 | 200,000 | |||||||
Share-Based Payment Arrangement, Expense | $ 0 | $ 0 | |||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number (in shares) | 50,000 | 50,000 | 50,000 | ||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Exercise Price (in dollars per share) | $ 4.14 | $ 4.14 | |||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term (Year) | 11 months 26 days | ||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Net of Forfeitures, Total (in shares) | 0 | 0 | |||||||
Employee Stock Option Plan 2017 [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | 40,500 | 71,000 | 40,500 | 71,000 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term (Year) | 5 years | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period (in shares) | 41,125 | 0 | |||||||
Share-Based Payment Arrangement, Expense | $ 106 | $ 45 | |||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number (in shares) | 149,750 | 170,500 | 149,750 | 170,500 | 149,750 | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Exercise Price (in dollars per share) | $ 4.46 | $ 4.81 | $ 4.46 | $ 4.81 | $ 4.46 | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term (Year) | 2 years 2 months 26 days | 2 years 11 months 26 days | |||||||
Employee Stock Option Plan 2017 [Member] | Share-Based Payment Arrangement, Tranche One [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 25.00% | ||||||||
Employee Stock Option Plan 2017 [Member] | Minimum [Member] | |||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 300,000 | ||||||||
Employee Stock Option Plan 2017 [Member] | Maximum [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | 300,000 | ||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 600,000 | ||||||||
Director Plan 2017 [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | 100,000 | 80,000 | 100,000 | 80,000 | |||||
Stock Issued During Period, Shares, New Issues (in shares) | 600,000 | 300,000 | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period (in shares) | 0 | 0 | |||||||
Share-Based Payment Arrangement, Expense | $ 353 | $ 99 | |||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number (in shares) | 320,000 | 420,000 | 320,000 | 420,000 | 320,000 | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Exercise Price (in dollars per share) | $ 4.27 | $ 5.10 | $ 4.27 | $ 5.10 | $ 4.27 | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term (Year) | 3 years 1 month 6 days | 3 years 5 months 19 days | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term (Year) | 5 years | ||||||||
Director Plan 2017 [Member] | Unvested Stock Option [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | 0 | 0 |
Note 19 - Stock Options - Summa
Note 19 - Stock Options - Summary of Options Activities (Details) - Employee Stock Option Plan 2017 [Member] - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2022 | Mar. 31, 2021 | Jun. 30, 2021 | Jun. 30, 2020 | |
Outstanding. options (in shares) | 267,000 | 196,000 | 196,000 | |||
Outstanding, weighted average exercise price (in dollars per share) | $ 4.21 | $ 3.92 | $ 3.92 | |||
Outstanding, weighted average remaining contractual term (Year) | 2 years 9 months 18 days | 3 years 5 months 19 days | 3 years 2 months 19 days | 3 years 8 months 19 days | ||
Aggregate intrinsic value outstanding, ending | $ 290 | $ 36 | $ 36 | |||
Granted, options (in shares) | 40,500 | 71,000 | 40,500 | 71,000 | ||
Exercised, options (in shares) | (41,125) | 0 | ||||
Exercised, weighted average exercise price (in dollars per share) | $ 2.86 | |||||
Outstanding, options (in shares) | 266,375 | 267,000 | 266,375 | 267,000 | 267,000 | 196,000 |
Outstanding, weighted average exercise price (in dollars per share) | $ 4.96 | $ 4.21 | $ 4.96 | $ 4.21 | $ 4.21 | $ 3.92 |
Outstanding, weighted average remaining contractual term (Year) | 2 years 9 months 18 days | 3 years 5 months 19 days | 3 years 2 months 19 days | 3 years 8 months 19 days | ||
Aggregate intrinsic value outstanding, ending | $ 621 | $ 210.40 | $ 621 | $ 210.40 | $ 290 | $ 36 |
Exercisable, options (in shares) | 170,500 | 149,750 | 170,500 | 149,750 | ||
Exercisable, weighted average exercise price (in dollars per share) | $ 4.81 | $ 4.46 | $ 4.81 | $ 4.46 | ||
Exercisable, weighted average remaining contractual term (Year) | 2 years 2 months 26 days | 2 years 11 months 26 days | ||||
Exercisable at March 31, 2022 | $ 415 | $ 106.07 | $ 415 | $ 106.07 | ||
Granted, weighted average exercise price (in dollars per share) | $ 5.03 | |||||
Aggregate intrinsic value outstanding, ending | 621 | 210.40 | 621 | $ 210.40 | $ 290 | $ 36 |
Exercisable at March 31, 2021 | $ 415 | $ 106.07 | $ 415 | $ 106.07 |
Note 19 - Stock Options - Sum_2
Note 19 - Stock Options - Summary of Nonvested Employee Stock (Details) - Employee Stock Option Plan 2017 [Member] - $ / shares | 9 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Non-vested options outstanding, beginning (in shares) | 102,250 | 98,000 |
Non-vested, weighted average grant date fair value (in dollars per share) | $ 2.29 | $ 3.39 |
Granted (in shares) | 40,500 | 71,000 |
Vested (in shares) | (46,875) | (51,750) |
Non-vested options outstanding, beginning (in shares) | 95,875 | 117,250 |
Non-vested, weighted average grant date fair value (in dollars per share) | $ 5.23 | $ 3.90 |
Note 19 - Stock Options - Sum_3
Note 19 - Stock Options - Summary of Options Activities 2007 Employee Plan (Details) - Employee Stock Option Plan 2007 [Member] - USD ($) | 1 Months Ended | 9 Months Ended | 12 Months Ended | ||
Mar. 31, 2021 | Mar. 31, 2022 | Mar. 31, 2021 | Jun. 30, 2021 | Jun. 30, 2020 | |
Outstanding. options (in shares) | 37,500 | 77,500 | 77,500 | ||
Outstanding, weighted average exercise price (in dollars per share) | $ 4.14 | $ 3.69 | $ 3.69 | ||
Outstanding, weighted average remaining contractual term (Year) | 11 months 26 days | 9 months | 1 year 2 months 19 days | ||
Aggregate intrinsic value outstanding, ending | $ 13.13 | $ 13.13 | $ 34 | ||
Exercised, options (in shares) | 0 | (37,500) | (40,000) | ||
Exercised, weighted average exercise price (in dollars per share) | $ 4.14 | $ 3.26 | |||
Outstanding, options (in shares) | 37,500 | 37,500 | 37,500 | 77,500 | |
Outstanding, weighted average exercise price (in dollars per share) | $ 4.14 | $ 4.14 | $ 4.14 | $ 3.69 | |
Exercisable, options (in shares) | 37,500 | 37,500 | |||
Exercisable, weighted average exercise price (in dollars per share) | $ 4.14 | $ 4.14 | |||
Exercisable, weighted average remaining contractual term (Year) | 11 months 26 days | ||||
Exercisable at March 31, 2021 | $ 13.13 | $ 13.13 |
Note 19 - Stock Options - Sum_4
Note 19 - Stock Options - Summary of Options Activities 2017 Directors Plan (Details) - USD ($) | Sep. 24, 2007 | Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2022 | Mar. 31, 2021 | Jun. 30, 2021 | Jun. 30, 2020 |
Director Plan 2017 [Member] | |||||||
Outstanding. options (in shares) | 320,000 | 240,000 | 240,000 | ||||
Outstanding, weighted average exercise price (in dollars per share) | $ 4.27 | $ 3.93 | $ 3.93 | ||||
Outstanding, weighted average remaining contractual term (Year) | 7 months 6 days | 3 years 5 months 19 days | 3 years 2 months 19 days | 3 years 9 months | |||
Aggregate intrinsic value outstanding, ending | $ 340 | $ 48 | $ 48 | ||||
Granted, options (in shares) | 100,000 | 80,000 | 100,000 | 80,000 | |||
Granted, weighted average exercise price (in dollars per share) | $ 7.76 | $ 5.27 | |||||
Outstanding, options (in shares) | 420,000 | 320,000 | 420,000 | 320,000 | 320,000 | 240,000 | |
Outstanding, weighted average exercise price (in dollars per share) | $ 5.10 | $ 4.27 | $ 5.10 | $ 4.27 | $ 4.27 | $ 3.93 | |
Aggregate intrinsic value outstanding, ending | $ 942 | $ 253.6 | $ 942 | $ 253.6 | $ 340 | $ 48 | |
Exercisable, options (in shares) | 420,000 | 320,000 | 420,000 | 320,000 | |||
Exercisable, weighted average exercise price (in dollars per share) | $ 5.10 | $ 4.27 | $ 5.10 | $ 4.27 | |||
Exercisable, weighted average remaining contractual term (Year) | 3 years 25 days | 3 years 5 months 19 days | |||||
Exercisable at March 31, 2021 | $ 942 | $ 253.6 | $ 942 | $ 253.6 | |||
Employee Stock Option Plan 2007 [Member] | |||||||
Outstanding. options (in shares) | 37,500 | 77,500 | 77,500 | ||||
Outstanding, weighted average exercise price (in dollars per share) | $ 4.14 | $ 3.69 | $ 3.69 | ||||
Outstanding, weighted average remaining contractual term (Year) | 11 months 26 days | 9 months | 1 year 2 months 19 days | ||||
Aggregate intrinsic value outstanding, ending | $ 34 | ||||||
Granted, options (in shares) | 600,000 | 0 | 0 | ||||
Outstanding, options (in shares) | 37,500 | 37,500 | 37,500 | 77,500 | |||
Outstanding, weighted average exercise price (in dollars per share) | $ 4.14 | $ 4.14 | $ 4.14 | $ 3.69 | |||
Aggregate intrinsic value outstanding, ending | $ 13.13 | $ 13.13 | $ 34 | ||||
Exercisable, options (in shares) | 37,500 | 37,500 | |||||
Exercisable, weighted average exercise price (in dollars per share) | $ 4.14 | $ 4.14 | |||||
Exercisable, weighted average remaining contractual term (Year) | 11 months 26 days | ||||||
Exercisable at March 31, 2021 | $ 13.13 | $ 13.13 | |||||
Granted, weighted average remaining contractual term (Year) | 4 years 10 months 20 days |
Note 19 - Stock Options - Sum_5
Note 19 - Stock Options - Summary of Options Activities 2007 Directors Plan (Details) - Director Plan 2007 [Member] - USD ($) | 9 Months Ended | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Jun. 30, 2021 | Jun. 30, 2020 | |
Outstanding. options (in shares) | 50,000 | 250,000 | 250,000 | |
Outstanding, weighted average exercise price (in dollars per share) | $ 4.14 | $ 3.32 | $ 3.32 | |
Outstanding, weighted average remaining contractual term (Year) | 11 months 26 days | 9 months | 9 months 29 days | |
Aggregate intrinsic value outstanding, ending | $ 45 | $ 22 | $ 22 | |
Exercised, options (in shares) | (50,000) | (200,000) | ||
Exercised, weighted average exercise price (in dollars per share) | $ 4.14 | $ 3.12 | ||
Outstanding, options (in shares) | 50,000 | 50,000 | 250,000 | |
Outstanding, weighted average exercise price (in dollars per share) | $ 4.14 | $ 4.14 | $ 3.32 | |
Aggregate intrinsic value outstanding, ending | $ 17.50 | $ 45 | $ 22 | |
Exercisable, options (in shares) | 50,000 | |||
Exercisable, weighted average exercise price (in dollars per share) | $ 4.14 | |||
Exercisable, weighted average remaining contractual term (Year) | 11 months 26 days | |||
Exercisable at March 31, 2021 | $ 17.50 |
Note 20 - Leases (Details Textu
Note 20 - Leases (Details Textual) $ in Thousands | 3 Months Ended | 9 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2022USD ($) | Mar. 31, 2021USD ($) | |
Lessor Asset under Operating Lease, Term (Year) | 20 years | ||
Depreciation, Lessor Asset under Operating Lease | $ 56 | $ 52 | |
Lessor, Sales-type Leased Assets, Number of Units | 4 | 4 | |
Lessor, Sales-type Lease, Weighted Average Effective Interest Rate | 11.20% | 11.20% | |
Lessor, Sales-type Lease, Weighted Average Remaining Lease Term (Year) | 2 years | ||
Minimum [Member] | |||
Lessor, Operating Lease, Term of Contract (Month) | 12 months | 12 months | |
Lessee, Operating Lease, Renewal Term (Year) | 1 year | 1 year | |
Maximum [Member] | |||
Lessor, Operating Lease, Term of Contract (Month) | 60 months | 60 months | |
Lessee, Operating Lease, Renewal Term (Year) | 3 years | 3 years |
Note 20 - Leases - Future Minim
Note 20 - Leases - Future Minimum Rental Income (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Jun. 30, 2021 |
Remainder of fiscal 2022 | $ 39 | $ 145 |
Fiscal 2023 | 8 | 16 |
Lessor, Operating Lease, Payments to be Received, Total | $ 47 | $ 161 |
Note 20 - Leases - Components o
Note 20 - Leases - Components of Financed Sales Receivable (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Jun. 30, 2021 |
Gross financial sales receivable | $ 48 | |
Unearned finance income | (4) | |
Financed sales receivable | 44 | |
Net financed sales receivables due within one year | 21 | $ 19 |
Financed sales receivable | $ 23 | $ 39 |
Note 20 - Lease - Supplement Ba
Note 20 - Lease - Supplement Balance Sheet Information (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2022 | Mar. 31, 2021 | Jun. 30, 2021 | |
Plant and equipment, at cost | $ 1,819 | $ 1,819 | $ 1,413 | ||
Accumulated depreciation | (1,182) | (1,182) | (1,199) | ||
Plant and Equipment, Net | 637 | 637 | 214 | ||
Current portion of finance leases | 136 | 136 | 197 | ||
Net of current portion of finance leases | 152 | 152 | 253 | ||
Total Finance Lease Liabilities | 288 | 288 | 450 | ||
Operating lease right-of-use assets | 2,602 | 2,602 | 1,876 | ||
Current portion of operating leases | 758 | 758 | 672 | ||
Net of current portion of operating leases | 1,844 | 1,844 | 1,204 | ||
Total Operating Lease Liabilities | 2,602 | 2,602 | $ 1,876 | ||
Lease Cost | |||||
Interest on finance lease | 9 | $ 15 | 20 | $ 35 | |
Amortization of right-of-use assets | 60 | 135 | 150 | 260 | |
Total finance lease cost | 69 | 150 | 170 | 295 | |
Operating Lease Costs | $ 331 | $ 191 | $ 801 | $ 566 |
Note 20 - Lease - Other Informa
Note 20 - Lease - Other Information (Details) - USD ($) $ in Thousands | 9 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Operating cash flows from finance leases | $ (20) | $ (32) |
Operating cash flows from operating leases | (801) | (565) |
Finance cash flows from finance leases | (168) | (192) |
Right-of-Use Assets Obtained in Exchange for New Operating Lease Liabilities | $ 132 | $ 2,070 |
Finance leases (Year) | 3 years 7 months 13 days | 2 years 10 months 6 days |
Operating leases (Year) | 3 years 2 months 23 days | 3 years 4 months 9 days |
Finance leases | 3.60% | 3.35% |
Operating leases | 4.83% | 4.83% |
Note 20 - Leases - Future Min_2
Note 20 - Leases - Future Minimum Lease Payments (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Jun. 30, 2021 |
2022, operating lease | $ 309 | $ 748 |
2022, finance lease | 42 | 218 |
2023, operating lease | 841 | 537 |
2023, finance lease | 136 | 137 |
2024, operating lease | 595 | 313 |
2024, finance lease | 109 | 111 |
2025, operating lease | 581 | 291 |
2025, finance lease | 22 | 22 |
2026, operating lease | 446 | |
2026, finance lease | 0 | |
2025 and thereafter, operating lease | 73 | 156 |
Thereafter | 0 | 0 |
Total future minimum lease payments, operating lease | 2,845 | 2,045 |
Total future minimum lease payments | 309 | 488 |
Less: amount representing interest, operating lease | (243) | (169) |
Less: amount representing interest | (21) | (38) |
Present value of net minimum lease payments, operating lease | 2,602 | 1,876 |
Present value of net minimum lease payments | 288 | 450 |
Current, operating lease | 758 | 672 |
Current | 136 | 197 |
Non-current, operating lease | 1,844 | 1,204 |
Noncurrent | $ 152 | $ 253 |
Note 22 - Concentration of Cu_3
Note 22 - Concentration of Customers - Concentrations (Details) - Customer Concentration Risk [Member] | 9 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Revenue Benchmark [Member] | Customer A [Member] | ||
Concentration risk | 41.60% | 37.70% |
Revenue Benchmark [Member] | Customer B [Member] | ||
Concentration risk | 19.50% | 9.70% |
Accounts Receivable [Member] | Customer A [Member] | ||
Concentration risk | 39.60% | 34.70% |
Accounts Receivable [Member] | Customer B [Member] | ||
Concentration risk | 20.10% | 11.80% |