Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Mar. 31, 2023 | May 01, 2023 | |
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 | 2023 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Mar. 31, 2023 | |
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 | 4,096,680 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) | Mar. 31, 2023 | Jun. 30, 2022 |
CURRENT ASSETS: | ||
Cash and cash equivalents | $ 8,430,000 | $ 7,698,000 |
Short-term deposits | 5,703,000 | 5,420,000 |
Trade accounts receivable, less allowance for doubtful accounts of $223 and $243, respectively | 11,004,000 | 11,592,000 |
Other receivables | 757,000 | 998,000 |
Inventories, less provision for obsolete inventories of $743 and $674, respectively | 2,324,000 | 2,258,000 |
Prepaid expenses and other current assets | 731,000 | 1,215,000 |
Financed sales receivable | 22,000 | 21,000 |
Restricted term deposits | 755,000 | 0 |
Total current assets | 29,726,000 | 29,202,000 |
NON-CURRENT ASSETS: | ||
Deferred tax assets | 91,000 | 169,000 |
Investment properties, net | 517,000 | 585,000 |
Property, plant and equipment, net | 9,987,000 | 8,481,000 |
Operating lease right-of-use assets | 3,059,000 | 3,152,000 |
Other assets | 232,000 | 137,000 |
Financed sales receivable | 0 | 17,000 |
Restricted term deposits | 1,762,000 | 1,678,000 |
Total non-current assets | 15,648,000 | 14,219,000 |
TOTAL ASSETS | 45,374,000 | 43,421,000 |
Bank loans payable, net of current portion | 1,054,000 | 1,272,000 |
Finance leases, net of current portion | 43,000 | 119,000 |
Operating leases, net of current portion | 1,698,000 | 1,934,000 |
Income taxes payable, net of current portion | 255,000 | 137,000 |
Deferred tax liabilities | 17,000 | 0 |
Other non-current liabilities | 952,000 | 28,000 |
Total non-current liabilities | 4,019,000 | 3,490,000 |
TOTAL LIABILITIES | 14,898,000 | 15,419,000 |
CURRENT LIABILITIES: | ||
Lines of credit | 107,000 | 929,000 |
Accounts payable | 1,835,000 | 2,401,000 |
Accrued expenses | 6,570,000 | 6,004,000 |
Income taxes payable | 390,000 | 787,000 |
Current portion of bank loans payable | 513,000 | 472,000 |
Current portion of finance leases | 103,000 | 118,000 |
Current portion of operating leases | 1,361,000 | 1,218,000 |
Total current liabilities | 10,879,000 | 11,929,000 |
TRIO-TECH INTERNATIONAL’S SHAREHOLDERS’ EQUITY: | ||
Common stock, no par value, 15,000,000 shares authorized; 4,076,680 and 4,071,680 shares issued outstanding as at March 31, 2023 and June 30, 2022, respectively | 12,769,000 | 12,750,000 |
Paid-in capital | 5,045,000 | 4,708,000 |
Accumulated retained earnings | 10,601,000 | 9,219,000 |
Accumulated other comprehensive income-translation adjustments | 1,806,000 | 1,197,000 |
Total Trio-Tech International shareholders’ equity | 30,221,000 | 27,874,000 |
Non-controlling interest | 255,000 | 128,000 |
TOTAL EQUITY | 30,476,000 | 28,002,000 |
TOTAL LIABILITIES AND EQUITY | $ 45,374,000 | $ 43,421,000 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands | Mar. 31, 2023 | Jun. 30, 2022 |
Allowance for doubtful accounts | $ 223 | $ 243 |
Provision for obsolete inventory | $ 743 | $ 674 |
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) | 4,076,680 | 4,071,680 |
Common stock, outstanding (in shares) | 4,076,680 | 4,071,680 |
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, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | |
Revenue | ||||
Revenues | $ 9,842 | $ 11,138 | $ 34,171 | $ 32,231 |
Cost of Sales | ||||
Cost of goods and services sold | 7,384 | 8,664 | 24,756 | 23,688 |
Gross Margin | 2,458 | 2,474 | 9,415 | 8,543 |
Operating Expenses: | ||||
General and administrative | 2,248 | 2,378 | 6,472 | 6,305 |
Selling | 160 | 146 | 526 | 449 |
Research and development | 87 | 80 | 311 | 293 |
Loss on disposal of property, plant and equipment | 0 | 0 | 7 | 0 |
Total operating expenses | 2,495 | 2,604 | 7,316 | 7,047 |
(Loss) / Income from Operations | (37) | (130) | 2,099 | 1,496 |
Other Income / (Expenses) | ||||
Interest expenses | (29) | (31) | (83) | (87) |
Other income, net | 123 | 127 | 59 | 669 |
Total other income / (expenses) | 94 | 96 | (24) | 582 |
Income / (Loss) from Continuing Operations before Income Taxes | 57 | (34) | 2,075 | 2,078 |
Income Tax Expenses | (8) | (170) | (474) | (503) |
Income / (Loss) from Continuing Operations before Non-controlling Interest, Net of Tax | 49 | (204) | 1,601 | 1,575 |
Discontinued Operations | ||||
Income / (loss) from discontinued operations, net of tax | 5 | 0 | (4) | 5 |
NET INCOME / (LOSS) | 54 | (204) | 1,597 | 1,580 |
Less: net income / (loss) attributable to non-controlling interest | 61 | (37) | 215 | (25) |
Net (Loss) / Income Attributable to Trio-Tech International Common Shareholders | (7) | (167) | 1,382 | 1,605 |
Amounts Attributable to Trio-Tech International Common Shareholders: | ||||
(Loss) / Income from continuing operations, net of tax | (10) | (167) | 1,384 | 1,603 |
Income / (Loss) from discontinued operations, net of tax | 3 | 0 | (2) | 2 |
Net (Loss) / Income Attributable to Trio-Tech International Common Shareholders | $ (7) | $ (167) | $ 1,382 | $ 1,605 |
Basic Earnings per Share: | ||||
Basic (loss) / earnings per share from continuing operations attributable to Trio-Tech International (in dollars per share) | $ 0 | $ (0.04) | $ 0.34 | $ 0.40 |
Basic (loss) / 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 | (0.04) | 0.33 | 0.38 |
Diluted (loss) / 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) | 4,075 | 3,949 | 4,075 | 3,949 |
Dilutive effect of stock options (in shares) | 84 | 272 | 86 | 191 |
Number of shares used to compute earnings per share diluted (in shares) | 4,159 | 4,221 | 4,161 | 4,140 |
Manufacturing [Member] | ||||
Revenue | ||||
Revenues | $ 2,963 | $ 3,097 | $ 11,592 | $ 10,187 |
Cost of Sales | ||||
Cost of goods and services sold | 2,451 | 2,530 | 8,825 | 7,838 |
Testing Services [Member] | ||||
Revenue | ||||
Revenues | 5,697 | 4,417 | 17,709 | 13,983 |
Cost of Sales | ||||
Cost of goods and services sold | 3,940 | 3,169 | 11,813 | 9,141 |
Distribution [Member] | ||||
Revenue | ||||
Revenues | 1,179 | 3,620 | 4,855 | 8,038 |
Cost of Sales | ||||
Cost of goods and services sold | 975 | 2,945 | 4,064 | 6,651 |
Real Estate Segment [Member] | ||||
Revenue | ||||
Revenues | 3 | 4 | 15 | 23 |
Cost of Sales | ||||
Cost of goods and services sold | $ 18 | $ 20 | $ 54 | $ 58 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Comprehensive (Loss) Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | |
Comprehensive Income Attributable to Trio-Tech International Common Shareholders: | ||||
Net income / (loss) | $ 54 | $ (204) | $ 1,597 | $ 1,580 |
Foreign currency translation, net of tax | 166 | 16 | 521 | (22) |
Comprehensive Income / (Loss) | 220 | (188) | 2,118 | 1,558 |
Less: comprehensive (loss) / income attributable to non- controlling interest | (85) | (46) | 127 | (40) |
Comprehensive Income / (Loss) Attributable to Trio-Tech International Common Shareholders | $ 305 | $ (142) | $ 1,991 | $ 1,598 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) | 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, 2021 | 3,913 | |||||
Balance at Jun. 30, 2021 | $ 12,178,000 | $ 4,233,000 | $ 6,824,000 | $ 2,399,000 | $ 419,000 | $ 26,053,000 |
Stock option expenses | 0 | 459,000 | 0 | 0 | 0 | 459,000 |
Net income | $ 0 | 0 | 1,605,000 | 0 | (25,000) | 1,580,000 |
Exercise of stock option (in shares) | 116 | |||||
Exercise of stock option | $ 429,000 | 0 | 0 | 0 | 0 | 429,000 |
Translation adjustment | $ 0 | 0 | 0 | (7,000) | (15,000) | (22,000) |
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 |
Dividend declared by subsidiary | $ 0 | 0 | 0 | 0 | (122,000) | (122,000) |
Balance (in shares) at Jun. 30, 2022 | 4,072 | |||||
Balance at Jun. 30, 2022 | $ 12,750,000 | 4,708,000 | 9,219,000 | 1,197,000 | 128,000 | 28,002,000 |
Stock option expenses | 0 | 337,000 | 0 | 0 | 0 | 337,000 |
Net income | $ 0 | 0 | 1,382,000 | 0 | 215,000 | 1,597,000 |
Exercise of stock option (in shares) | 5 | |||||
Exercise of stock option | $ 19,000 | 0 | 0 | 0 | 0 | 19,000 |
Translation adjustment | $ 0 | 0 | 0 | 609,000 | (88,000) | 521,000 |
Balance (in shares) at Mar. 31, 2023 | 4,077 | |||||
Balance at Mar. 31, 2023 | $ 12,769,000 | $ 5,045,000 | $ 10,601,000 | $ 1,806,000 | $ 255,000 | $ 30,476,000 |
Condensed Consolidated Statem_4
Condensed Consolidated Statements of Cash Flows (Unaudited) $ in Thousands, ¥ in Millions | 9 Months Ended | |
Mar. 31, 2023 USD ($) | Mar. 31, 2022 USD ($) | |
Cash Flow from Operating Activities | ||
Net income / (loss) | $ 1,597 | $ 1,580 |
Adjustments to reconcile net income to net cash flow provided by operating activities | ||
Depreciation and amortization | 3,641 | 2,263 |
Stock compensation | 337 | 459 |
Addition of provision for obsolete inventories | 49 | 25 |
Bad debt recovery, net of allowance charged | (15) | (61) |
Accrued interest expense, net (accrued interest income) | (14) | 85 |
Payment of interest portion of finance lease | (8) | (20) |
Reversal of income tax provision | 8 | (18) |
Warranty recovery, net | 3 | 0 |
Deferred tax expenses / (benefit) | 100 | (7) |
Repayment of operating lease | (1,008) | (801) |
Changes in operating assets and liabilities, net of acquisition effects | ||
Trade accounts receivable | 613 | (2,214) |
Other receivables | 129 | (688) |
Other assets | 0 | 134 |
Inventories | 64 | (233) |
Prepaid expenses and other current assets | 442 | (312) |
Accounts payable and accrued expenses | (180) | 242 |
Income taxes payable | (271) | 145 |
Other non-current liabilities | 924 | 0 |
Net Cash Provided by Operating Activities | 6,411 | 579 |
Cash Flow from Investing Activities | ||
Withdrawal from unrestricted term deposits | 4,888 | 3,761 |
Investment in unrestricted term deposits | (4,990) | (2,079) |
Additions to property, plant and equipment | (4,077) | (1,144) |
Net Cash (Used in) / Provided by Investing Activities | (4,179) | 538 |
Cash Flow from Financing Activities | ||
Payment on lines of credit | (1,402) | (1,025) |
Payment of bank loans | (359) | (322) |
Payment of principal portion of finance leases | (92) | (168) |
Dividends paid to non-controlling interest | 0 | (122) |
Proceeds from exercising stock options | 19 | 429 |
Proceeds from lines of credit | 580 | 1,463 |
Proceeds from bank loans | 176 | 255 |
Net Cash (Used in) / Provided by Financing Activities | (1,078) | 510 |
Effect of Changes in Exchange Rate | 417 | 9 |
Net Increase in Cash, Cash Equivalents, and Restricted Cash | 1,571 | 1,636 |
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period | 9,376 | 7,577 |
Cash, Cash Equivalents, and Restricted Cash at End of Period | 10,947 | 9,213 |
Supplementary Information of Cash Flows | ||
Interest | 83 | 84 |
Income taxes | 489 | 342 |
Cash | 8,430 | 7,478 |
Restricted term deposits | 755 | 0 |
Restricted Term-Deposits in Non-Current Assets | 1,762 | 1,735 |
Total Cash, Cash Equivalents, and Restricted Cash Shown in Statements of Cash Flows | $ 10,947 | $ 9,213 |
Note 1 - Organization and Basis
Note 1 - Organization and Basis of Presentation | 9 Months Ended |
Mar. 31, 2023 | |
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”) was incorporated in fiscal year ended June 30, 1958 third third June 30, 2023 ( 2023” 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.) 52% Batam, Indonesia Trio-Tech (Tianjin) Co., Ltd. * 100% Tianjin, China Trio-Tech (Jiangsu) Co., Ltd. (51% owned by Trio-Tech (SIP) 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, 2022 ( 2022” The results of operations for the nine March 31, 2023 not may June 30, 2023. Use of Estimates Significant Accounting Policies. no 1 10 2022. |
Note 2 - New Accounting Pronoun
Note 2 - New Accounting Pronouncements | 9 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Accounting Standards Update and Change in Accounting Principle [Text Block] | 2. NEW ACCOUNTING PRONOUNCEMENTS In March 2022, 2022 02 326: Financial Instruments Credit Losses 326 Troubled Debt Restructurings and Vintage Disclosures 2022 02” 326 20. 2022 02 no In November 2021, 2021 10 832: Government Assistance 832” ): Disclosures by Business Entities about Government Assistance 2021 10” 2021 10 December 15, 2021 not 960, 962, 965 2021 10 2023. In June 2016, 2016 13 326, Financial Instruments Credit Losses 326” 2016 13” 326 December 15, 2022. 2016 03 no Other new pronouncements issued but not March 31, 2023, not |
Note 3 - Term Deposits
Note 3 - Term Deposits | 9 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Term Deposits [Text Block] | 3. TERM DEPOSITS Mar. 31, Jun. 30, 2023 2022 (Unaudited) Short-term deposits $ 5,669 $ 5,619 Currency translation effect on short-term deposits 34 (199 ) Total short-term deposits 5,703 5,420 Restricted term deposits - Current 748 - Currency translation effect on restricted term deposits 7 - Total restricted term deposits - Current 755 - Restricted term deposits - Non-Current 1,749 1,746 Currency translation effect on restricted term deposits 13 (68 ) Total restricted term deposits - Non-Current 1,762 1,678 Total term deposits $ 8,220 $ 7,098 Restricted deposits represent the amount of cash pledged to secure loans payable or trade financing granted by financial institutions and serve as collateral for public utility agreements such as electricity and water, and performance bonds related to customs duty payable. Restricted deposits are classified as current and non-current depending on whether they relate to long-term or short-term obligations. Restricted deposit of $755 is classified as current assets as it relates to short-term trade financing. On the other hand, restricted deposits of $1,762 is classified as non-current assets as they relate to long-term obligations and will become unrestricted only upon discharge of the obligations. Short-term deposits represent bank deposits, which do not |
Note 4 - Trade Account Receivab
Note 4 - Trade Account Receivables and Allowance for Doubtful Accounts | 9 Months Ended |
Mar. 31, 2023 | |
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, 2023, June 30, 2022, The following table represents the changes in the allowance for doubtful accounts: Mar. 31, Jun. 30, 2023 2022 (Unaudited) Beginning $ 243 $ 311 Additions charged to expenses 2 48 Recovered (15 ) (106 ) Currency translation effect (7 ) (10 ) Ending $ 223 $ 243 |
Note 5 - Loans Receivable From
Note 5 - Loans Receivable From Property Development Projects | 9 Months Ended |
Mar. 31, 2023 | |
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, 2023. Loan Expiry Loan Amount Loan Amount Date (RMB) (U.S. Dollars) Short-term loan receivables JiangHuai (Project – Yu Jin Jiang An) May 31, 2013 2,000 291 Less: allowance for doubtful receivables (2,000 ) (291 ) Net loan receivables from property development projects - - Long-term loan receivables Jun Zhou Zhi Ye Oct 31, 2016 5,000 728 Less: transfer – down-payment for purchase of investment property (5,000 ) (728 ) Net loan receivables from property development projects - - The short-term loan receivables amounting to renminbi (“RMB”) 2,000, June 30, 2011. not March 31, 2023 2023. The long-term loan amounting to RMB 5,000, or approximately $728, arose from TTCQ entering into a Memorandum Agreement with JiaSheng Property Development Co. Ltd. (“JiaSheng”) to invest in JiaSheng’s projects (Project B- 48 2 June 30, 2011. June 30, 2015, 8 |
Note 6 - Inventories
Note 6 - Inventories | 9 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Inventory Disclosure [Text Block] | 6. INVENTORIES Inventories consisted of the following: Mar. 31, 2023 Jun. 30, 2022 (Unaudited) Raw materials $ 1,356 $ 1,764 Work in progress 836 683 Finished goods 727 238 Less: provision for obsolete inventories (743 ) (674 ) Currency translation effect 148 247 $ 2,324 $ 2,258 The following table represents the changes in provision for obsolete inventories: Mar. 31, 2023 Jun. 30, 2022 (Unaudited) Beginning $ 674 $ 679 Additions charged to expenses 60 17 Usage – disposition (11 ) (34 ) Currency translation effect 20 12 Ending $ 743 $ 674 |
Note 7 - Investment Properties
Note 7 - Investment Properties | 9 Months Ended |
Mar. 31, 2023 | |
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 as of March 31, 2023. March 31, 2023. Investment Date / Reclassification Investment Amount Investment Amount Date (RMB) (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, 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 - (125 ) Gross investment in rental property 9,649 1,404 Accumulated depreciation on rental property Mar 31, 2023 (7,884 ) (1,153 ) 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 ) (6,091 ) (886 ) Net investment in property – China 3,558 517 The following table presents the Company’s investment in properties in China as of June 30, 2022. June 30, 2022. Investment Date / Reclassification Investment Amount Investment Amount Date (RMB) (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, 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 - (89 ) Gross investment in rental property 9,649 1,440 Accumulated depreciation on rental property Jun 30, 2022 (7,523 ) (1,122 ) 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 ) (5,730 ) (855 ) Net investment in property – China 3,919 585 Rental Property I - MaoYe Property In the fiscal year ended June 30, 2008, June 30, 2019, thirteen fifteen not two February 1, 2023 4 RMB15, 5% third Property purchased from MaoYe generated a rental income of $nil three nine March 31, 2023, $nil 2022. Depreciation expense for MaoYe was $4 and $12 during the three nine March 31, 2023, 2022. Rental Property II - JiangHuai During the year ended June 30, 2010 ( 2010” eight March 31, 2023, not not 19 Property purchased from JiangHuai did not three nine March 31, 2023 2022. Depreciation expense for JiangHuai was $7 and $20 during the three nine March 31, 2023, 2022. Rental Property III FuLi In Fiscal 2010, two 4,025, April 2013 third 2014. In August 2022, one two 1 RMB6, Properties purchased from FuLi generated a rental income of $3 and $7 during the three nine March 31, 2023, 2022. Depreciation expense for FuLi was $7 and $22 during the three nine March 31, 2023, 2022. Summary Total rental income for all investment properties in China was $3 and $15 during the three nine March 31, 2023, 2022. Depreciation expenses for all investment properties in China were $18 and $54 during the three nine March 31, 2023, 2022. |
Note 8 - Other Assets
Note 8 - Other Assets | 9 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Other Assets Disclosure [Text Block] | 8. OTHER ASSETS Other assets consisted of the following: Mar. 31, Jun. 30, 2023 2022 (Unaudited) Down payment for purchase of investment properties * $ - $ - Deposits for rental and utilities and others 243 142 Currency translation effect (11 ) (5 ) Total $ 232 $ 137 *Down payment for purchase of investment properties included: RMB U.S. Dollars Original Investment (10% of Junzhou 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 5,000 728 Interest Receivable 1,250 182 Less: Impairment of Interest (906 ) (132 ) Transferred to Down Payment (Note *b) 5,344 778 * Down Payment for Purchase of Investment Properties 10,207 1,486 Add: Effect of foreign currency exchange - 94 Less: Provision of Impairment loss on other assets (10,207 ) (1,580 ) * Down Payment for Purchase of Investment Properties $ - $ - a) In Fiscal 2011, RMB10,000 $22, In Fiscal 2014, 10% not 845 b) Amounts of RMB 5,000, or approximately $728, as disclosed in Note 5, The shop lots are to be delivered to TTCQ upon completion of the construction of the shop lots in the Project. The initial targeted date of completion was in the fiscal year ended June 30, 2017. During the fourth 2021, March 31, 2023. |
Note 9 - Lines of Credit
Note 9 - Lines of Credit | 9 Months Ended |
Mar. 31, 2023 | |
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, 2023, Entity with Type of Interest Credit Unused Facility Facility Rate Limitation Credit Trio-Tech International Pte. Ltd., Singapore Lines of Credit Ranging from 1.85% to 5.5% $ 3,991 $ 3,781 Universal (Far East) Pte. Ltd. Lines of Credit Ranging from 1.85% to 5.5% $ 1,883 $ 1,486 Trio-Tech Malaysia Sdn. Bhd. Revolving credit Bank guarantee Cost of Funds Rate +2% 0.15% per month $ 485 $ 341 As of June 30, 2022, Entity with Type of Interest Credit Unused Facility Facility Rate Limitation Credit Trio-Tech International Pte. Ltd., Singapore Lines of Credit Ranging from 1.85% to 5.5% $ 4,090 $ 3,651 Universal (Far East) Pte. Ltd. Lines of Credit Ranging from 1.85% to 5.5% $ 1,076 $ 586 Trio-Tech Malaysia Sdn. Bhd. Revolving credit Cost of Funds Rate +2% $ 338 $ 338 |
Note 10 - Accrued Expense
Note 10 - Accrued Expense | 9 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | 10. ACCRUED EXPENSE Accrued expense consisted of the following: Mar. 31, Jun. 30, 2023 2022 (Unaudited) Payroll and related costs $ 1,850 $ 2,158 Commissions 158 116 Legal and audit 293 320 Sales tax 156 531 Utilities 200 273 Warranty 24 16 Accrued purchase of materials and property, plant and equipment 1,694 905 Provision for reinstatement 298 308 Contract liabilities 1,501 988 Other accrued expense 216 581 Currency translation effect 180 (192 ) Total $ 6,570 $ 6,004 |
Note 11 - Warranty Accrual
Note 11 - Warranty Accrual | 9 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Product Warranty Disclosure [Text Block] | 11. WARRANTY ACCRUAL The Company provides for the estimated costs that may one Mar. 31, Jun. 30, 2023 2022 (Unaudited) Beginning $ 16 $ 14 Additions charged to cost and expense 27 7 Utilisation / Reversal (20 ) (4 ) Currency translation effect 1 -1 Ending $ 24 $ 16 |
Note 12 - Bank Loans Payable
Note 12 - Bank Loans Payable | 9 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | 12. BANK LOANS PAYABLE Bank loans payable consisted of the following: Mar. 31, Jun. 30, 2023 2022 (Unaudited) Note payable denominated in the Malaysian Ringgit for expansion plans in Malaysia, maturing in August 2028, bearing interest at the bank’s prime rate less 2 4.6 3.791 2,355 2,372 $ 1,117 $ 1,392 Financing arrangement at fixed interest rate 3.2 99 128 Financing arrangement at fixed interest rate 3.0 191 224 Financing arrangement at fixed interest rate 3.0 160 - Total bank loans payable $ 1,567 $ 1,744 Current portion of bank loans payable 517 503 Currency translation effect on current portion of bank loans (4 ) (31 ) Current portion of bank loans payable 513 472 Long-term portion of bank loans payable 1,059 1,357 Currency translation effect on long-term portion of bank loans (5 ) (85 ) Long-term portion of bank loans payable $ 1,054 1,272 Future minimum payments (excluding interest) as of March 31, 2023, Remainder of Fiscal 2023 $ 126 2024 509 2025 280 2026 247 2027 228 Thereafter 177 Total obligations and commitments $ 1,567 Future minimum payments (excluding interest) as of June 30, 2022, 2023 $ 472 2024 481 2025 246 2026 214 2027 190 Thereafter 141 Total obligations and commitments $ 1,744 |
Note 13 - Commitments and Conti
Note 13 - Commitments and Contingencies | 9 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 13. COMMITMENTS AND CONTINGENCIES Deposits with banks are not 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, 2023 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | 14. BUSINESS SEGMENTS The Company operated in four The cost of equipment, current year investment in new equipment and depreciation expense are allocated into respective segments based on primary purpose for which the equipment was acquired. All intersegment sales were sales from the manufacturing segment to the testing and distribution segment. Total intersegment sales were $64 and $733 for the three nine March 31, 2023, 2022. four The following segment Information is unaudited for the nine March 31, 2023, March 31, 2022: Business Segment Information: Nine Months Operating Ended Income / Total Depr. And Capital Mar. 31, Revenue (Loss) Assets Amort. Expenditures Manufacturing 2023 $ 11,592 $ 373 $ 15,056 $ 365 $ 18 2022 $ 10,187 $ 108 $ 14,204 $ 318 $ 103 Testing Services 2023 17,709 1,445 26,522 3,218 4,033 2022 13,983 999 24,030 1,884 1,040 Distribution 2023 4,855 633 1,283 - - 2022 8,038 1,107 1,601 - - Real Estate 2023 15 (76 ) 1,872 58 - 2022 23 (86 ) 1,730 61 1 Corporate & Unallocated 2023 - (276 ) 641 - 26 2022 - (632 ) 238 - - Total Company 2023 $ 34,171 $ 2,099 $ 45,374 $ 3,641 $ 4,077 2022 $ 32,231 $ 1,496 $ 41,803 $ 2,263 $ 1,144 The following segment Information is unaudited for the three March 31, 2023, March 31, 2022: Business Segment Information: Three Months Operating Ended Income / Total Depr. And Capital Mar. 31, Revenue (Loss) Assets Amort. Expenditures Manufacturing 2023 $ 2,963 $ (104 ) $ 15,056 $ 135 $ 3 2022 $ 3,097 $ (145 ) $ 14,204 $ 110 $ 8 Testing Services 2023 5,697 37 26,522 1,343 66 2022 4,417 (124 ) 24,030 633 341 Distribution 2023 1,179 151 1,283 - - 2022 3,620 576 1,601 (2 ) - Real Estate 2023 3 (34 ) 1,872 20 - 2022 4 (35 ) 1,730 20 - Corporate & Unallocated 2023 - (87 ) 641 - 14 2022 - (402 ) 238 - - Total Company 2023 $ 9,842 $ (37 ) $ 45,374 $ 1,498 $ 83 2022 $ 11,138 (130 ) 41,803 761 349 |
Note 15 - Other Income
Note 15 - Other Income | 9 Months Ended |
Mar. 31, 2023 | |
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, 2023 2022 2023 2022 Unaudited Unaudited Unaudited Unaudited Interest income $ 49 $ 13 $ 104 $ 51 Other rental income 30 30 85 88 Exchange gain / (loss) (47 ) (9 ) (326 ) (13 ) Bad debt recovery - - - 104 Commission income - - - 200 Government grant 83 62 108 160 Other miscellaneous income 8 31 88 79 Total $ 123 $ 127 $ 59 $ 669 |
Note 16 - Income Tax
Note 16 - Income Tax | 9 Months Ended |
Mar. 31, 2023 | |
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 2016 2022 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 three nine March 31, 2023, $Nil 2022. The Company's income tax expense was $8 and $474 for three nine March 31, 2023, 2022. March 31, 2023 March 31, 2022, 1. A $81 reduction relating to GILTI tax provisions pursuant to final tax filings for Fiscal 2022. 2. Tax expense for three March 31, 2022 The Company accrues penalties and interest related to unrecognized tax benefits when necessary, as a component of penalties and interest expense, respectively. The Company had no unrecognized tax benefits or related accrued penalties or interest expense at March 31, 2023. In assessing the ability to realize the deferred tax assets, management considers whether it is more likely than not not not not |
Note 17 - Revenue
Note 17 - Revenue | 9 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | 17. REVENUE The Company generates revenue primarily from 3 third 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 may 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 made by manufacturers around the world. 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. Contract Balances The timing of revenue recognition, billings and collections may 70% 90% 30 60 30 not The following table is the reconciliation of contract balances. Mar. 31, Jun. 30, 2023 2022 (Unaudited) Trade Accounts Receivable $ 11,004 $ 11,592 Accounts Payable 1,835 2,401 Contract Liabilities 1,501 988 Remaining Performance Obligation As at March 31, 2023, two As at June 30, 2022, |
Note 18 - Earnings Per Share
Note 18 - Earnings Per Share | 9 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 18. EARNINGS PER SHARE Options to purchase 656,375 shares of Common Stock at exercise prices ranging from $2.53 to $7.76 per share were outstanding as of March 31, 2023. three nine March 31, 2023, 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, 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, 2023 2022 2023 2022 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Loss) / Income attributable to Trio-Tech International common shareholders from continuing operations, net of tax $ (10 ) $ (167 ) $ 1,384 $ 1,603 Income / (loss) attributable to Trio-Tech International common shareholders from discontinued operations, net of tax 3 - (2 ) 2 Net (loss) / income attributable to Trio-Tech International Common Shareholders $ (7 ) $ (167 ) $ 1,382 $ 1,605 Weighted average number of common shares outstanding - basic 4,075 3,949 4,075 3,949 Dilutive effect of stock options 84 272 86 191 Number of shares used to compute earnings per share - diluted 4,159 4,221 4,161 4,140 Basic (loss) / earnings per share from continuing operations attributable to Trio-Tech International $ - (0.04 ) 0.34 0.40 Basic earnings per share from discontinued operations attributable to Trio-Tech International - - - - Basic (loss) / earnings per share from net income attributable to Trio-Tech International $ - $ (0.04 ) $ 0.34 $ 0.40 Diluted (loss) / earnings per share from continuing operations attributable to Trio-Tech International $ - (0.04 ) 0.33 0.38 Diluted earnings per share from discontinued operations attributable to Trio-Tech International - - - - Diluted (loss) / earnings per share from net income attributable to Trio-Tech International $ - $ (0.04 ) $ 0.33 $ 0.38 |
Note 19 - Stock Options
Note 19 - Stock Options | 9 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Share-Based Payment Arrangement [Text Block] | 19. STOCK OPTIONS On September 24, 2007, 2007 “2007 2007 “2007 2007 “2007 December 3, 2007. 2007 2007 September 24, 2017. 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 4.17% ( 2022: ● No expected dividend payments and; ● Expected volatility of 47.3% to 73.85% ( 2022: 2017 The Company’s 2017 2017 December, 2021 December 2021. 2017 not ten may first may 2017 five three 2017 During the third 2023, 2017 5,000 nine March 31, 2023. three nine March 31, 2023. During the third 2022, 2017 nine March 31, 2022. three nine March 31, 2022. As of March 31, 2023, 2017 2.52 As of March 31, 2022, 2017 2.24 A summary of option activities under the 2017 nine March 31, 2023, Weighted Average Weighted Average Remaining Contractual Aggregate Exercise Term Intrinsic Options Price (Years) Value Outstanding at July 1, 2022 236,375 $ 5.21 2.61 $ 87 Granted 65,000 4.84 - - Exercised (5,000 ) 3.75 - - Forfeited or expired (80,000 ) - - - Outstanding at March 31, 2023 216,375 $ 4.89 3.17 $ 117 Exercisable at March 31, 2023 134,625 $ 4.49 2.52 $ 109 A summary of the status of the Company’s non-vested employee stock options during the nine March 31, 2023, Weighted Average Options Grant-Date Fair Value Non-vested at July 1, 2022 75,875 $ 5.98 Granted 65,000 4.77 Vested (49,125 ) - Forfeited (10,000 ) - Non-vested at March 31, 2023 81,750 $ 5.53 A summary of option activities under the 2017 nine March 31, 2022, Weighted Average Weighted Average Remaining Contractual Aggregate Exercise Term Intrinsic Options Price (Years) 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, Weighted Average Options 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 $ 2.29 2007 The Company’s 2007 2007 2007 September 24, 2017 may There were no options exercised during the nine March 31, 2023, March 31, 2022. not nine March 31, 2023, March 31, 2022. As of July 1, 2022 March 31, 2023, 2007 As of March 31, 2022, 2007 A summary of option activities under the 2007 nine March 31, 2022, Weighted Average Weighted Average Remaining Contractual Aggregate Exercise Term Intrinsic Options Price (Years) 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 - $ - - $ - 2017 The 2017 2017 September 2020 December 2020. 2017 100% five During the third 2023, 2017 nine March 31, 2023. three nine March 31, 2023. During the third 2022, 2017 no nine March 31, 2022. three nine March 31, 2022. As all the stock options granted under the 2017 2017 March 31, 2023, March 31, 2022. As of March 31, 2023, 2017 2.68 As of March 31, 2022, 2017 3.10 A summary of option activities under the 2017 nine March 31, 2023, Weighted Average Weighted Average Remaining Contractual Aggregate Exercise Term Intrinsic Options Price (Years) Value Outstanding at July 1, 2022 420,000 $ 5.10 2.85 $ 228 Granted 100,000 4.51 - Exercised - - - - Forfeited or expired (80,000 ) 5.98 - - Outstanding at March 31, 2023 440,000 $ 4.80 $ 2.68 $ 303 Exercisable at March 31, 2023 440,000 $ 4.80 $ 2.68 $ 303 A summary of option activities under the 2017 nine March 31, 2022, Weighted Average Weighted Average Remaining Contractual Aggregate Exercise Term Intrinsic Options Price (Years) 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 2007 The Company’s 2007 2007 2007 September 24, 2017, no may There were no stock options exercised during the nine March 31, 2023. not nine March 31, 2023. 50,000 stock options were exercised during the nine March 31, 2022. not nine March 31, 2022. As of March 31, 2023 March 31, 2022, 2007 A summary of option activities under the 2007 nine March 31, 2022 Weighted Average Weighted Average Remaining Contractual Aggregate Exercise Term Intrinsic Options Price (Years) 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 - $ - - $ - |
Note 20 - Leases
Note 20 - Leases | 9 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Lessee and Lessor, Leases [Text Block] | 20. LEASES Company as Lessor Operating leases under which the Company is the lessor arise from leasing the Company’s commercial real estate investment property to third twenty nine March 31, 2023 March 31, 2022, Future minimum rental income in China and Thailand to be received from Fiscal 2023 June 30, 2027 ( 2027” March 31, 2023: Remainder of Fiscal 2023 $ 36 Fiscal 2024 141 Fiscal 2025 141 Fiscal 2026 46 Fiscal 2027 16 $ 380 Future minimum rental income in China and Thailand to be received from Fiscal 2023 2027 June 30, 2022: 2023 $ 6 2024 27 2025 28 2026 29 2027 10 $ 100 Sales-type leases under which the Company is the lessor arise from the lease of four three Financing receivables, consisting of net investment in sales-type leases and receivables from financed sales of four Components of Lease Balances Mar. 31, 2023 Assets Gross financial sales receivable $ 23 Unearned finance income (1 ) Financed sales receivable $ 22 Net financed sales receivables due within one year $ 22 Net financed sales receivables due after one year $ - As of March 31, 2023, 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 four Supplemental balance sheet information related to leases was as follows (in thousands): Mar. 31, Jun. 30, 2023 2022 (Unaudited) Finance Leases (Plant and Equipment) Plant and equipment, at cost $ 1,749 $ 1,727 Accumulated depreciation (1,214 ) (1,179 ) Plant and Equipment, Net $ 535 $ 548 Current portion of finance leases $ 103 $ 118 Net of current portion of finance leases 43 119 Total Finance Lease Liabilities $ 146 $ 237 Operating Leases (Corporate Offices, Research and Development Facilities) Operating lease right-of-use assets $ 3,059 $ 3,152 Operating lease right-of-use assets, Net $ 3,059 $ 3,152 Current portion of operating leases 1,361 1,218 Net of current portion of operating leases 1,698 1,934 Total Operating Lease Liabilities $ 3,059 $ 3,152 Three Months Ended Nine Months Ended Mar. 31, Mar. 31, Mar. 31, Mar. 31, 2023 2022 2023 2022 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Lease Cost Finance lease cost: Interest on finance lease $ 2 $ 9 $ 8 $ 20 Amortization of right-of-use assets 46 60 138 150 Total finance lease cost 48 69 146 170 Operating Lease Costs $ 384 $ 331 $ 1,133 $ 801 Other information related to leases was as follows (in thousands except lease term and discount rate): Nine Months Ended Mar. 31, Mar. 31, 2023 2022 (Unaudited) (Unaudited) Cash Paid for Amounts Included in the Measurement of Lease Liabilities Operating cash flows from finance leases $ (8 ) $ (20 ) Operating cash flows from operating leases (1,008 ) (801 ) Finance cash flows from finance leases (92 ) (168 ) Right-of-Use Assets Obtained in Exchange for New Operating Lease Liabilities 932 132 Weighted-Average Remaining Lease Term: Finance leases 1.59 3.62 Operating leases 2.58 3.23 Weighted-Average Discount Rate: Finance leases 3.22 % 3.60 % Operating leases 5.68 % 4.83 % As of March 31, 2023, Operating Lease Liabilities Finance Lease Liabilities Fiscal Year Remainder of Fiscal 2023 $ 449 $ 27 2024 1,376 105 2025 876 21 2026 531 - Thereafter 67 - Total future minimum lease payments $ 3,299 $ 153 Less: amount representing interest (240 ) (7 ) Present value of net minimum lease payments $ 3,059 $ 146 Presentation on statement of financial position Current 1,361 103 Non-Current 1,698 43 As of June 30, 2022, Operating Lease Liabilities Finance Lease Liabilities Fiscal Year 2023 $ 1,357 $ 129 2024 1,032 104 2025 554 20 2026 423 - Thereafter 69 - Total future minimum lease payments $ 3,435 $ 253 Less: amount representing interest (283 ) (16 ) Present value of net minimum lease payments $ 3,152 $ 237 Presentation on statement of financial position Current 1,218 118 Non-Current 1,934 119 |
Note 21 - Fair Value of Financi
Note 21 - Fair Value of Financial Instruments | 9 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 21. FAIR VALUE OF FINANCIAL INSTRUMENTS In accordance with ASC Topics 825 820, There were no 1 2 nine March 31, 2023 2022. 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, 2023 | |
Notes to Financial Statements | |
Concentration Risk Disclosure [Text Block] | 22. The Company had two major customers mainly contributed to manufacturing and testing segments that accounted for the following revenue and trade account receivables: Nine Months Ended Mar. 31, 2023 Mar. 31, 2022 (Unaudited) (Unaudited) Revenue - Customer A 34.0 % 41.5 % - Customer B 14.0 % 5.5 % - Customer C 11.2 % 19.4 % Trade Account Receivables - Customer A 35.8 % 36.4 % - Customer B 19.2 % 6.0 % - Customer C 7.8 % 26.4 % |
Note 1 - Organization and Bas_2
Note 1 - Organization and Basis of Presentation (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
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.) 52% Batam, Indonesia Trio-Tech (Tianjin) Co., Ltd. * 100% Tianjin, China Trio-Tech (Jiangsu) Co., Ltd. (51% owned by Trio-Tech (SIP) Co., Ltd.) 51% Suzhou, China |
Note 3 - Term Deposits (Tables)
Note 3 - Term Deposits (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Term Deposits [Table Text Block] | Mar. 31, Jun. 30, 2023 2022 (Unaudited) Short-term deposits $ 5,669 $ 5,619 Currency translation effect on short-term deposits 34 (199 ) Total short-term deposits 5,703 5,420 Restricted term deposits - Current 748 - Currency translation effect on restricted term deposits 7 - Total restricted term deposits - Current 755 - Restricted term deposits - Non-Current 1,749 1,746 Currency translation effect on restricted term deposits 13 (68 ) Total restricted term deposits - Non-Current 1,762 1,678 Total term deposits $ 8,220 $ 7,098 |
Note 4 - Trade Account Receiv_2
Note 4 - Trade Account Receivables and Allowance for Doubtful Accounts (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Accounts Receivable, Allowance for Credit Loss [Table Text Block] | Mar. 31, Jun. 30, 2023 2022 (Unaudited) Beginning $ 243 $ 311 Additions charged to expenses 2 48 Recovered (15 ) (106 ) Currency translation effect (7 ) (10 ) Ending $ 223 $ 243 |
Note 5 - Loans Receivable Fro_2
Note 5 - Loans Receivable From Property Development Projects (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | Loan Expiry Loan Amount Loan Amount Date (RMB) (U.S. Dollars) Short-term loan receivables JiangHuai (Project – Yu Jin Jiang An) May 31, 2013 2,000 291 Less: allowance for doubtful receivables (2,000 ) (291 ) Net loan receivables from property development projects - - Long-term loan receivables Jun Zhou Zhi Ye Oct 31, 2016 5,000 728 Less: transfer – down-payment for purchase of investment property (5,000 ) (728 ) Net loan receivables from property development projects - - |
Note 6 - Inventories (Tables)
Note 6 - Inventories (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Schedule of Inventory, Current [Table Text Block] | Mar. 31, 2023 Jun. 30, 2022 (Unaudited) Raw materials $ 1,356 $ 1,764 Work in progress 836 683 Finished goods 727 238 Less: provision for obsolete inventories (743 ) (674 ) Currency translation effect 148 247 $ 2,324 $ 2,258 |
Schedule of Inventory, Noncurrent [Table Text Block] | Mar. 31, 2023 Jun. 30, 2022 (Unaudited) Beginning $ 674 $ 679 Additions charged to expenses 60 17 Usage – disposition (11 ) (34 ) Currency translation effect 20 12 Ending $ 743 $ 674 |
Note 7 - Investment Properties
Note 7 - Investment Properties (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Table Text Block] | Investment Date / Reclassification Investment Amount Investment Amount Date (RMB) (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, 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 - (125 ) Gross investment in rental property 9,649 1,404 Accumulated depreciation on rental property Mar 31, 2023 (7,884 ) (1,153 ) 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 ) (6,091 ) (886 ) Net investment in property – China 3,558 517 Investment Date / Reclassification Investment Amount Investment Amount Date (RMB) (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, 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 - (89 ) Gross investment in rental property 9,649 1,440 Accumulated depreciation on rental property Jun 30, 2022 (7,523 ) (1,122 ) 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 ) (5,730 ) (855 ) Net investment in property – China 3,919 585 |
Note 8 - Other Assets (Tables)
Note 8 - Other Assets (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Schedule of Other Assets [Table Text Block] | Mar. 31, Jun. 30, 2023 2022 (Unaudited) Down payment for purchase of investment properties * $ - $ - Deposits for rental and utilities and others 243 142 Currency translation effect (11 ) (5 ) Total $ 232 $ 137 |
Schedule of Other Assets, Noncurrent [Table Text Block] | RMB U.S. Dollars Original Investment (10% of Junzhou 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 5,000 728 Interest Receivable 1,250 182 Less: Impairment of Interest (906 ) (132 ) Transferred to Down Payment (Note *b) 5,344 778 * Down Payment for Purchase of Investment Properties 10,207 1,486 Add: Effect of foreign currency exchange - 94 Less: Provision of Impairment loss on other assets (10,207 ) (1,580 ) * Down Payment for Purchase of Investment Properties $ - $ - |
Note 9 - Lines of Credit (Table
Note 9 - Lines of Credit (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Schedule of Line of Credit Facilities [Table Text Block] | Entity with Type of Interest Credit Unused Facility Facility Rate Limitation Credit Trio-Tech International Pte. Ltd., Singapore Lines of Credit Ranging from 1.85% to 5.5% $ 3,991 $ 3,781 Universal (Far East) Pte. Ltd. Lines of Credit Ranging from 1.85% to 5.5% $ 1,883 $ 1,486 Trio-Tech Malaysia Sdn. Bhd. Revolving credit Bank guarantee Cost of Funds Rate +2% 0.15% per month $ 485 $ 341 Entity with Type of Interest Credit Unused Facility Facility Rate Limitation Credit Trio-Tech International Pte. Ltd., Singapore Lines of Credit Ranging from 1.85% to 5.5% $ 4,090 $ 3,651 Universal (Far East) Pte. Ltd. Lines of Credit Ranging from 1.85% to 5.5% $ 1,076 $ 586 Trio-Tech Malaysia Sdn. Bhd. Revolving credit Cost of Funds Rate +2% $ 338 $ 338 |
Note 10 - Accrued Expense (Tabl
Note 10 - Accrued Expense (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Schedule of Accrued Liabilities [Table Text Block] | Mar. 31, Jun. 30, 2023 2022 (Unaudited) Payroll and related costs $ 1,850 $ 2,158 Commissions 158 116 Legal and audit 293 320 Sales tax 156 531 Utilities 200 273 Warranty 24 16 Accrued purchase of materials and property, plant and equipment 1,694 905 Provision for reinstatement 298 308 Contract liabilities 1,501 988 Other accrued expense 216 581 Currency translation effect 180 (192 ) Total $ 6,570 $ 6,004 |
Note 11 - Warranty Accrual (Tab
Note 11 - Warranty Accrual (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Schedule of Product Warranty Liability [Table Text Block] | Mar. 31, Jun. 30, 2023 2022 (Unaudited) Beginning $ 16 $ 14 Additions charged to cost and expense 27 7 Utilisation / Reversal (20 ) (4 ) Currency translation effect 1 -1 Ending $ 24 $ 16 |
Note 12 - Bank Loans Payable (T
Note 12 - Bank Loans Payable (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Schedule of Debt [Table Text Block] | Mar. 31, Jun. 30, 2023 2022 (Unaudited) Note payable denominated in the Malaysian Ringgit for expansion plans in Malaysia, maturing in August 2028, bearing interest at the bank’s prime rate less 2 4.6 3.791 2,355 2,372 $ 1,117 $ 1,392 Financing arrangement at fixed interest rate 3.2 99 128 Financing arrangement at fixed interest rate 3.0 191 224 Financing arrangement at fixed interest rate 3.0 160 - Total bank loans payable $ 1,567 $ 1,744 Current portion of bank loans payable 517 503 Currency translation effect on current portion of bank loans (4 ) (31 ) Current portion of bank loans payable 513 472 Long-term portion of bank loans payable 1,059 1,357 Currency translation effect on long-term portion of bank loans (5 ) (85 ) Long-term portion of bank loans payable $ 1,054 1,272 |
Schedule of Maturities of Long-Term Debt [Table Text Block] | Remainder of Fiscal 2023 $ 126 2024 509 2025 280 2026 247 2027 228 Thereafter 177 Total obligations and commitments $ 1,567 2023 $ 472 2024 481 2025 246 2026 214 2027 190 Thereafter 141 Total obligations and commitments $ 1,744 |
Note 14 - Business Segments (Ta
Note 14 - Business Segments (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Reconciliation of Revenue from Segments to Consolidated [Table Text Block] | Nine Months Operating Ended Income / Total Depr. And Capital Mar. 31, Revenue (Loss) Assets Amort. Expenditures Manufacturing 2023 $ 11,592 $ 373 $ 15,056 $ 365 $ 18 2022 $ 10,187 $ 108 $ 14,204 $ 318 $ 103 Testing Services 2023 17,709 1,445 26,522 3,218 4,033 2022 13,983 999 24,030 1,884 1,040 Distribution 2023 4,855 633 1,283 - - 2022 8,038 1,107 1,601 - - Real Estate 2023 15 (76 ) 1,872 58 - 2022 23 (86 ) 1,730 61 1 Corporate & Unallocated 2023 - (276 ) 641 - 26 2022 - (632 ) 238 - - Total Company 2023 $ 34,171 $ 2,099 $ 45,374 $ 3,641 $ 4,077 2022 $ 32,231 $ 1,496 $ 41,803 $ 2,263 $ 1,144 Three Months Operating Ended Income / Total Depr. And Capital Mar. 31, Revenue (Loss) Assets Amort. Expenditures Manufacturing 2023 $ 2,963 $ (104 ) $ 15,056 $ 135 $ 3 2022 $ 3,097 $ (145 ) $ 14,204 $ 110 $ 8 Testing Services 2023 5,697 37 26,522 1,343 66 2022 4,417 (124 ) 24,030 633 341 Distribution 2023 1,179 151 1,283 - - 2022 3,620 576 1,601 (2 ) - Real Estate 2023 3 (34 ) 1,872 20 - 2022 4 (35 ) 1,730 20 - Corporate & Unallocated 2023 - (87 ) 641 - 14 2022 - (402 ) 238 - - Total Company 2023 $ 9,842 $ (37 ) $ 45,374 $ 1,498 $ 83 2022 $ 11,138 (130 ) 41,803 761 349 |
Note 15 - Other Income (Tables)
Note 15 - Other Income (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
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, 2023 2022 2023 2022 Unaudited Unaudited Unaudited Unaudited Interest income $ 49 $ 13 $ 104 $ 51 Other rental income 30 30 85 88 Exchange gain / (loss) (47 ) (9 ) (326 ) (13 ) Bad debt recovery - - - 104 Commission income - - - 200 Government grant 83 62 108 160 Other miscellaneous income 8 31 88 79 Total $ 123 $ 127 $ 59 $ 669 |
Note 17 - Revenue (Tables)
Note 17 - Revenue (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block] | Mar. 31, Jun. 30, 2023 2022 (Unaudited) Trade Accounts Receivable $ 11,004 $ 11,592 Accounts Payable 1,835 2,401 Contract Liabilities 1,501 988 |
Note 18 - Earnings Per Share (T
Note 18 - Earnings Per Share (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
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, 2023 2022 2023 2022 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Loss) / Income attributable to Trio-Tech International common shareholders from continuing operations, net of tax $ (10 ) $ (167 ) $ 1,384 $ 1,603 Income / (loss) attributable to Trio-Tech International common shareholders from discontinued operations, net of tax 3 - (2 ) 2 Net (loss) / income attributable to Trio-Tech International Common Shareholders $ (7 ) $ (167 ) $ 1,382 $ 1,605 Weighted average number of common shares outstanding - basic 4,075 3,949 4,075 3,949 Dilutive effect of stock options 84 272 86 191 Number of shares used to compute earnings per share - diluted 4,159 4,221 4,161 4,140 Basic (loss) / earnings per share from continuing operations attributable to Trio-Tech International $ - (0.04 ) 0.34 0.40 Basic earnings per share from discontinued operations attributable to Trio-Tech International - - - - Basic (loss) / earnings per share from net income attributable to Trio-Tech International $ - $ (0.04 ) $ 0.34 $ 0.40 Diluted (loss) / earnings per share from continuing operations attributable to Trio-Tech International $ - (0.04 ) 0.33 0.38 Diluted earnings per share from discontinued operations attributable to Trio-Tech International - - - - Diluted (loss) / earnings per share from net income attributable to Trio-Tech International $ - $ (0.04 ) $ 0.33 $ 0.38 |
Note 19 - Stock Options (Tables
Note 19 - Stock Options (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Director Plan 2007 [Member] | |
Notes Tables | |
Share-Based Payment Arrangement, Option, Activity [Table Text Block] | Weighted Average Weighted Average Remaining Contractual Aggregate Exercise Term Intrinsic Options Price (Years) 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 - $ - - $ - |
Director Plan 2017 [Member] | |
Notes Tables | |
Share-Based Payment Arrangement, Option, Activity [Table Text Block] | Weighted Average Weighted Average Remaining Contractual Aggregate Exercise Term Intrinsic Options Price (Years) Value Outstanding at July 1, 2022 420,000 $ 5.10 2.85 $ 228 Granted 100,000 4.51 - Exercised - - - - Forfeited or expired (80,000 ) 5.98 - - Outstanding at March 31, 2023 440,000 $ 4.80 $ 2.68 $ 303 Exercisable at March 31, 2023 440,000 $ 4.80 $ 2.68 $ 303 Weighted Average Weighted Average Remaining Contractual Aggregate Exercise Term Intrinsic Options Price (Years) 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 |
Employee Stock Option Plan 2007 [Member] | |
Notes Tables | |
Share-Based Payment Arrangement, Option, Activity [Table Text Block] | Weighted Average Weighted Average Remaining Contractual Aggregate Exercise Term Intrinsic Options Price (Years) 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 - $ - - $ - |
Employee Stock Option Plan 2017 [Member] | |
Notes Tables | |
Share-Based Payment Arrangement, Option, Activity [Table Text Block] | Weighted Average Weighted Average Remaining Contractual Aggregate Exercise Term Intrinsic Options Price (Years) Value Outstanding at July 1, 2022 236,375 $ 5.21 2.61 $ 87 Granted 65,000 4.84 - - Exercised (5,000 ) 3.75 - - Forfeited or expired (80,000 ) - - - Outstanding at March 31, 2023 216,375 $ 4.89 3.17 $ 117 Exercisable at March 31, 2023 134,625 $ 4.49 2.52 $ 109 Weighted Average Weighted Average Remaining Contractual Aggregate Exercise Term Intrinsic Options Price (Years) 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 |
Employee Stock Ownership Plan (ESOP) Disclosures [Table Text Block] | Weighted Average Options Grant-Date Fair Value Non-vested at July 1, 2022 75,875 $ 5.98 Granted 65,000 4.77 Vested (49,125 ) - Forfeited (10,000 ) - Non-vested at March 31, 2023 81,750 $ 5.53 Weighted Average Options 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 $ 2.29 |
Note 20 - Leases (Tables)
Note 20 - Leases (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Operating Lease, Lease Income [Table Text Block] | Remainder of Fiscal 2023 $ 36 Fiscal 2024 141 Fiscal 2025 141 Fiscal 2026 46 Fiscal 2027 16 $ 380 2023 $ 6 2024 27 2025 28 2026 29 2027 10 $ 100 |
Sales-type and Direct Financing Leases, Lease Receivable [Table Text Block] | Components of Lease Balances Mar. 31, 2023 Assets Gross financial sales receivable $ 23 Unearned finance income (1 ) Financed sales receivable $ 22 Net financed sales receivables due within one year $ 22 Net financed sales receivables due after one year $ - |
Operating and Finance Leases of Lessee Disclosure [Table Text Block] | Mar. 31, Jun. 30, 2023 2022 (Unaudited) Finance Leases (Plant and Equipment) Plant and equipment, at cost $ 1,749 $ 1,727 Accumulated depreciation (1,214 ) (1,179 ) Plant and Equipment, Net $ 535 $ 548 Current portion of finance leases $ 103 $ 118 Net of current portion of finance leases 43 119 Total Finance Lease Liabilities $ 146 $ 237 Operating Leases (Corporate Offices, Research and Development Facilities) Operating lease right-of-use assets $ 3,059 $ 3,152 Operating lease right-of-use assets, Net $ 3,059 $ 3,152 Current portion of operating leases 1,361 1,218 Net of current portion of operating leases 1,698 1,934 Total Operating Lease Liabilities $ 3,059 $ 3,152 Three Months Ended Nine Months Ended Mar. 31, Mar. 31, Mar. 31, Mar. 31, 2023 2022 2023 2022 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Lease Cost Finance lease cost: Interest on finance lease $ 2 $ 9 $ 8 $ 20 Amortization of right-of-use assets 46 60 138 150 Total finance lease cost 48 69 146 170 Operating Lease Costs $ 384 $ 331 $ 1,133 $ 801 |
Operating and Finance Leases Of Lessee Other Disclosure [Table Text Block] | Nine Months Ended Mar. 31, Mar. 31, 2023 2022 (Unaudited) (Unaudited) Cash Paid for Amounts Included in the Measurement of Lease Liabilities Operating cash flows from finance leases $ (8 ) $ (20 ) Operating cash flows from operating leases (1,008 ) (801 ) Finance cash flows from finance leases (92 ) (168 ) Right-of-Use Assets Obtained in Exchange for New Operating Lease Liabilities 932 132 Weighted-Average Remaining Lease Term: Finance leases 1.59 3.62 Operating leases 2.58 3.23 Weighted-Average Discount Rate: Finance leases 3.22 % 3.60 % Operating leases 5.68 % 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 Fiscal 2023 $ 449 $ 27 2024 1,376 105 2025 876 21 2026 531 - Thereafter 67 - Total future minimum lease payments $ 3,299 $ 153 Less: amount representing interest (240 ) (7 ) Present value of net minimum lease payments $ 3,059 $ 146 Presentation on statement of financial position Current 1,361 103 Non-Current 1,698 43 Operating Lease Liabilities Finance Lease Liabilities Fiscal Year 2023 $ 1,357 $ 129 2024 1,032 104 2025 554 20 2026 423 - Thereafter 69 - Total future minimum lease payments $ 3,435 $ 253 Less: amount representing interest (283 ) (16 ) Present value of net minimum lease payments $ 3,152 $ 237 Presentation on statement of financial position Current 1,218 118 Non-Current 1,934 119 |
Note 22 - Concentration of Cu_2
Note 22 - Concentration of Customers (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Schedules of Concentration of Risk, by Risk Factor [Table Text Block] | Nine Months Ended Mar. 31, 2023 Mar. 31, 2022 (Unaudited) (Unaudited) Revenue - Customer A 34.0 % 41.5 % - Customer B 14.0 % 5.5 % - Customer C 11.2 % 19.4 % Trade Account Receivables - Customer A 35.8 % 36.4 % - Customer B 19.2 % 6.0 % - Customer C 7.8 % 26.4 % |
Note 1 - Organization and Bas_3
Note 1 - Organization and Basis of Presentation (Details Textual) | Mar. 31, 2023 |
Trio-Tech (Tianjin) Co., Ltd, [Member] | |
Noncontrolling Interest, Ownership Percentage by Parent | 100% |
Note 1 - Organization and Bas_4
Note 1 - Organization and Basis of Presentation - Ownership (Details) | Mar. 31, 2023 | |
Express Test Corporation Dormant [Member] | ||
Ownership | 100% | |
Trio Tech Reliability Services Dormant [Member] | ||
Ownership | 100% | |
KTS Incorporated, dba Universal Systems (Dormant) [Member] | ||
Ownership | 100% | |
European Electronic Test Centre (Dormant) [Member] | ||
Ownership | 100% | |
Trio Tech International Pte Ltd [Member] | ||
Ownership | 100% | |
Universal (Far East) Pte. Ltd. [Member] | ||
Ownership | 100% | [1] |
Trio-Tech International (Thailand) Co. Ltd. [Member] | ||
Ownership | 100% | [1] |
Trio-Tech (Bangkok) Co. Ltd [Member] | ||
Ownership | 100% | [1] |
Trio-Tech (Malaysia) Sdn. Bhd.[Member] | ||
Ownership | 55% | |
Trio-Tech (Kuala Lumpur) Sdn. Bhd. [Member] | ||
Ownership | 55% | |
Prestal Enterprise Sdn. Bhd. [Member] | ||
Ownership | 76% | |
Trio-Tech (SIP) Co., Ltd [Member] | ||
Ownership | 100% | [1] |
Trio-Tech (Chongqing) Co. Ltd [Member] | ||
Ownership | 100% | [1] |
SHI International Pte. Ltd. (Dormant) [Member] | ||
Ownership | 55% | |
PT SHI Indonesia (Dormant) [Member] | ||
Ownership | 52% | |
Trio-Tech (Tianjin) Co., Ltd, [Member] | ||
Ownership | 100% | [1] |
Trio-tech (Jiangsu) Co. Ltd. [Member] | ||
Ownership | 51% | |
[1]100% owned by Trio-Tech International Pte. Ltd. |
Note 3 - Term Deposits (Details
Note 3 - Term Deposits (Details Textual) | Mar. 31, 2023 USD ($) |
Deposits Assets, Restricted, Current, Net | $ 755 |
Deposits Assets, Restricted Term Deposits, Noncurrent, Net | $ 1,762 |
Note 3 - Term Deposits - Term D
Note 3 - Term Deposits - Term Deposits (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Jun. 30, 2022 | Mar. 31, 2022 |
Short-term deposits | $ 5,669 | $ 5,619 | |
Currency translation effect on short-term deposits | 34 | (199) | |
Total short-term deposits | 5,703 | 5,420 | |
Restricted term deposits - Current | 748 | 0 | |
Currency translation effect on restricted term deposits | 7 | 0 | |
Total restricted term deposits - Current | 755 | 0 | $ 0 |
Restricted term deposits - Non-Current | 1,749 | 1,746 | |
Currency translation effect on restricted term deposits | 13 | (68) | |
Total restricted term deposits - Non-Current | 1,762 | 1,678 | $ 1,735 |
Total term deposits | $ 8,220 | $ 7,098 |
Note 4 - Trade Account Receiv_3
Note 4 - Trade Account Receivables and Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Mar. 31, 2023 | Jun. 30, 2022 | |
Beginning | $ 243 | $ 311 |
Additions charged to expenses | 2 | 48 |
Recovered | (15) | (106) |
Currency translation effect | (7) | (10) |
Ending | $ 223 | $ 243 |
Note 5 - Loans Receivable Fro_3
Note 5 - Loans Receivable From Property Development Projects (Details Textual) - Mar. 31, 2023 $ in Thousands, ¥ in Millions | USD ($) | CNY (¥) |
Financing Receivable, before Allowance for Credit Loss, Current | $ 291 | ¥ 2 |
Financing Receivable, Allowance for Credit Losses, Current | 291 | |
Financing Receivable, before Allowance for Credit Loss, Noncurrent | $ 728 | ¥ 5 |
Note 5 - Loans Receivable Fro_4
Note 5 - Loans Receivable From Property Development Projects - Loans Receivable (Details) - Mar. 31, 2023 ¥ in Thousands, $ in Thousands | USD ($) | CNY (¥) |
JiangHuai (Project – Yu Jin Jiang An) | $ 291 | ¥ 2,000 |
Less: allowance for doubtful receivables | (291) | (2,000) |
Net loan receivables from property development projects | 0 | 0 |
Jun Zhou Zhi Ye | 728 | 5,000 |
Less: transfer – down-payment for purchase of investment property | (728) | (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, 2023 | Jun. 30, 2022 | Jun. 30, 2021 |
Raw materials | $ 1,356 | $ 1,764 | |
Work in progress | 836 | 683 | |
Finished goods | 727 | 238 | |
Less: provision for obsolete inventories | (743) | (674) | $ (679) |
Currency translation effect | 148 | 247 | |
Inventory, Net | $ 2,324 | $ 2,258 |
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, 2023 | Jun. 30, 2022 | |
Beginning | $ 674 | $ 679 |
Additions charged to expenses | 60 | 17 |
Usage – disposition | (11) | (34) |
Currency translation effect | 20 | 12 |
Ending | $ 743 | $ 674 |
Note 7 - Investment Propertie_2
Note 7 - Investment Properties (Details Textual) ¥ in Thousands, $ in Thousands | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||||||
Feb. 10, 2022 USD ($) | Feb. 10, 2022 CNY (¥) | Aug. 31, 2022 USD ($) | Aug. 31, 2022 CNY (¥) | Mar. 31, 2023 USD ($) | Mar. 31, 2022 USD ($) | Mar. 31, 2023 USD ($) | Mar. 31, 2022 USD ($) | Jun. 30, 2010 USD ($) | Jun. 30, 2010 CNY (¥) | Mar. 31, 2023 CNY (¥) | Jun. 30, 2022 USD ($) | Jun. 30, 2022 CNY (¥) | Mar. 31, 2010 USD ($) m² | Mar. 31, 2010 CNY (¥) m² | Jun. 30, 2008 USD ($) | Jun. 30, 2008 CNY (¥) | |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 894 | $ 894 | ¥ 5,554 | $ 894 | ¥ 5,554 | ||||||||||||
TTCQ [Member] | |||||||||||||||||
Lease, Operating Lease, Number of Properties | 2 | 2 | |||||||||||||||
Area of Real Estate Property (Square Metre) | m² | 311.99 | 311.99 | |||||||||||||||
Purchase Obligation, Total | $ 648 | ¥ 4,025 | |||||||||||||||
Mao Ye [Member] | |||||||||||||||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 894 | ¥ 5,554 | |||||||||||||||
Monthly Lease Revenue Amount | $ 2 | ¥ 15 | |||||||||||||||
Operating Lease, Lease Income | 0 | $ 0 | 8 | $ 4 | |||||||||||||
Depreciation | 4 | 4 | 12 | 12 | |||||||||||||
Jiang Huai [Member] | |||||||||||||||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost of Land | 580 | 580 | 3,600 | 580 | 3,600 | ||||||||||||
Depreciation | 7 | 7 | 20 | 21 | |||||||||||||
Payments to Acquire Projects | $ 580 | ¥ 3,600 | |||||||||||||||
FuLi [Member] | |||||||||||||||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost of Land | 648 | 648 | ¥ 4,025 | $ 648 | ¥ 4,025 | ||||||||||||
Monthly Lease Revenue Amount | $ 1 | ¥ 6 | |||||||||||||||
Operating Lease, Lease Income | 3 | 4 | 7 | 19 | |||||||||||||
Depreciation | 7 | 8 | 22 | 23 | |||||||||||||
CHINA | |||||||||||||||||
Operating Lease, Lease Income | 3 | 4 | 15 | 23 | |||||||||||||
Depreciation | $ 18 | $ 19 | $ 54 | $ 54 |
Note 7 - Investment Property -
Note 7 - Investment Property - Investment Properties (Details) ¥ in Thousands, $ in Thousands | Mar. 31, 2023 USD ($) | Mar. 31, 2023 CNY (¥) | Jun. 30, 2022 USD ($) | Jun. 30, 2022 CNY (¥) | Jun. 30, 2008 USD ($) | Jun. 30, 2008 CNY (¥) |
Purchase of rental property – Property I – MaoYe Property | $ 894 | ¥ 5,554 | $ 894 | ¥ 5,554 | ||
Currency translation | 125 | 0 | 89 | 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 | (125) | 0 | (89) | 0 | ||
Gross investment in rental property | 1,404 | 9,649 | 1,440 | 9,649 | ||
Accumulated depreciation on rental property | (1,153) | (7,884) | (1,122) | (7,523) | ||
Reclassification From Assets | (886) | (6,091) | (855) | (5,730) | ||
Net investment in property – China | 517 | 3,558 | 585 | 3,919 | ||
Mao Ye [Member] | ||||||
Purchase of rental property – Property I – MaoYe Property | $ 894 | ¥ 5,554 | ||||
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 | 9 Months Ended | |||||||||
Dec. 02, 2010 CNY (¥) | Jun. 30, 2021 USD ($) | Mar. 31, 2023 USD ($) | Mar. 31, 2022 USD ($) | Mar. 31, 2023 CNY (¥) | Jun. 30, 2022 USD ($) | Jun. 30, 2022 CNY (¥) | Oct. 02, 2013 USD ($) | Oct. 02, 2013 CNY (¥) | Dec. 02, 2010 USD ($) | Dec. 02, 2010 CNY (¥) | |
Payments to Acquire Investments, Total | ¥ 10,000 | $ 4,990 | $ 2,079 | ||||||||
Percentage of Investment | 10% | 10% | 10% | 10% | |||||||
Management Fee Paid | ¥ | ¥ 5,000 | ||||||||||
Management Fee Payable | ¥ 5,000 | $ 803 | ¥ 5,000 | ||||||||
Loss On Joint Venture | (137) | (22) | $ 22 | ¥ 137 | |||||||
Investments, Total | 5,000 | 803 | $ 803 | ¥ 5,000 | |||||||
Loans and Leases Receivable, Related Parties | 5,000 | 728 | ¥ 5,000 | ||||||||
Interest Receivable | 1,250 | 182 | 1,250 | ||||||||
Impairment of Interest | ¥ 906 | $ 132 | ¥ 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, 2023 | Jun. 30, 2022 | |
Down payment for purchase of investment properties | [1] | $ 0 | $ 0 |
Deposits for rental and utilities and others | 243 | 142 | |
Currency translation effect | (11) | (5) | |
Total | $ 232 | $ 137 | |
[1]Down payment for purchase of investment properties included: RMB U.S. Dollars Original Investment (10% of Junzhou 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 5,000 814 Interest Receivable 1,250 200 Less: Impairment of Interest (906 ) (150 ) Transferred to Down Payment (Note *b) 5,344 864 * Down Payment for Purchase of Investment Properties 10,207 1,645 Less: Provision of Impairment loss on other assets (10,207 ) (1,645 ) Down Payment for Purchase of Investment Properties - - |
Note 8 - Other Assets - Down Pa
Note 8 - Other Assets - Down Payment for Purchase of Investment Properties (Details) ¥ in Thousands, $ in Thousands | Mar. 31, 2023 CNY (¥) | Jun. 30, 2022 USD ($) | Jun. 30, 2022 CNY (¥) | Oct. 02, 2013 USD ($) | Oct. 02, 2013 CNY (¥) | Dec. 02, 2010 USD ($) | Dec. 02, 2010 CNY (¥) | ||
Original Investment (10% of Junzhou equity) | ¥ 10,000 | $ 1,606 | |||||||
Less: Management Fee | (5,000) | (803) | ¥ (5,000) | ||||||
Net Investment | 5,000 | 803 | $ 803 | ¥ 5,000 | |||||
Less: Share of Loss on Joint Venture | (137) | (22) | $ 22 | ¥ 137 | |||||
Net Investment as Down Payment (Note *a) | [2] | 4,863 | [1] | 781 | |||||
Loans Receivable | 5,000 | 728 | ¥ 5,000 | ||||||
Interest Receivable | 1,250 | 182 | 1,250 | ||||||
Less: Impairment of Interest | (906) | (132) | ¥ (906) | ||||||
Transferred to Down Payment (Note *b) | [3] | 5,344 | 778 | ||||||
* Down Payment for Purchase of Investment Properties | 10,207 | 1,486 | |||||||
Add: Effect of foreign currency exchange | 94 | ||||||||
Less: Provision of Impairment loss on other assets | ¥ (10,207) | $ (1,580) | |||||||
[1]Down Payment for Purchase of Investment Properties[2]In Fiscal 2011, the Company signed a Joint Venture agreement (the “Agreement”) with Jia Sheng Property Development Co. Ltd. (the “Developer”) to form a new company, Junzhou Co. Limited (“Joint Venture” or “Junzhou”), to jointly develop the “Singapore Themed Park” project (the “Project”). The Company paid RMB10,000 for the 10% investment in the Joint Venture. The Developer paid the Company a management fee of RMB 5,000 in cash upon signing of the Agreement, with a remaining fee of RMB 5,000 payable upon fulfilment of certain conditions in accordance with the Agreement. The Company further reduced its investment by RMB 137, or approximately $22, through the losses from operations incurred by the Joint Venture.[3]Amounts of RMB 5,000, or approximately $728, as disclosed in Note 5, plus the interest receivable on long-term loan receivable of RMB 1,250, or approximately $182, and impairment on interest of RMB 906, or approximately $132. |
Note 9 - Lines Of Credit- Line
Note 9 - Lines Of Credit- Line of Credit (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Mar. 31, 2023 | Jun. 30, 2022 | |
Trio Tech International Pte Ltd [Member] | ||
Credit Limitation | $ 3,991 | $ 4,090 |
Unused credit | $ 3,781 | $ 3,651 |
Trio Tech International Pte Ltd [Member] | Minimum [Member] | ||
Interest Rate | 1.85% | 1.85% |
Trio Tech International Pte Ltd [Member] | Maximum [Member] | ||
Interest Rate | 5.50% | 5.50% |
Universal (Far East) Pte. Ltd. [Member] | ||
Credit Limitation | $ 1,883 | $ 1,076 |
Unused credit | $ 1,486 | $ 586 |
Universal (Far East) Pte. Ltd. [Member] | Minimum [Member] | ||
Interest Rate | 1.85% | 1.85% |
Universal (Far East) Pte. Ltd. [Member] | Maximum [Member] | ||
Interest Rate | 5.50% | 5.50% |
Trio-Tech (Malaysia) Sdn. Bhd.[Member] | ||
Credit Limitation | $ 485 | $ 338 |
Unused credit | $ 341 | $ 338 |
Trio-Tech (Malaysia) Sdn. Bhd.[Member] | Cost of Funds Rate [Member] | ||
Interest Rate | 2% | 2% |
Note 10 - Accrued Expense - Acc
Note 10 - Accrued Expense - Accrued Expenses (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Jun. 30, 2022 |
Payroll and related costs | $ 1,850 | $ 2,158 |
Commissions | 158 | 116 |
Legal and audit | 293 | 320 |
Sales tax | 156 | 531 |
Utilities | 200 | 273 |
Warranty | 24 | 16 |
Accrued purchase of materials and property, plant and equipment | 1,694 | 905 |
Provision for reinstatement | 298 | 308 |
Contract liabilities | 1,501 | 988 |
Other accrued expense | 216 | 581 |
Currency translation effect | 180 | (192) |
Total | $ 6,570 | $ 6,004 |
Note 11 - Warranty Accrual - Wa
Note 11 - Warranty Accrual - Warrant Liability (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Mar. 31, 2023 | Jun. 30, 2022 | |
Beginning | $ 16 | $ 14 |
Additions charged to cost and expense | 27 | 7 |
Utilisation / Reversal | (20) | (4) |
Currency translation effect | (1) | 1 |
Ending | $ 24 | $ 16 |
Note 12 - Bank Loans Payable -
Note 12 - Bank Loans Payable - Bank Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Jun. 30, 2022 |
Bank loan payable | $ 1,567 | $ 1,744 |
Bank loan payable | 1,567 | 1,744 |
Current portion of bank loans payable | 517 | 503 |
Currency translation effect on current portion of bank loans | (4) | (31) |
Current portion of bank loans payable | 513 | 472 |
Long-term portion of bank loans payable | 1,059 | 1,357 |
Currency translation effect on long-term portion of bank loans | (5) | (85) |
Long-term portion of bank loans payable | 1,054 | 1,272 |
Notes Payable To Banks 1 [Member] | ||
Bank loan payable | 1,117 | 1,392 |
Bank loan payable | 1,117 | 1,392 |
Notes Payable To Banks 2 [Member] | ||
Bank loan payable | 99 | 128 |
Bank loan payable | 99 | 128 |
Notes Payable to Bank 3 [Member] | ||
Bank loan payable | 191 | 224 |
Bank loan payable | 191 | 224 |
Notes Payable to Bank 4 [Member] | ||
Bank loan payable | 160 | 0 |
Bank loan payable | $ 160 | $ 0 |
Note 12 - Bank Loans Payable _2
Note 12 - Bank Loans Payable - Bank Loans (Details) (Parentheticals) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Mar. 31, 2023 | Jun. 30, 2022 | |
Notes Payable To Banks 1 [Member] | ||
Basis spread rate | 4.60% | 3.791% |
Carrying value | $ 2,355 | $ 2,372 |
Notes Payable To Banks 1 [Member] | Prime Rate [Member] | ||
Basis spread rate | 2% | 2% |
Notes Payable To Banks 2 [Member] | ||
Fixed Interest Rate | 3.20% | 3.20% |
Notes Payable to Bank 3 [Member] | ||
Fixed Interest Rate | 3% | 3% |
Notes Payable to Bank 4 [Member] | ||
Fixed Interest Rate | 3% | 3% |
Note 12 - Bank Loans Payable _3
Note 12 - Bank Loans Payable - Future Minimum Payments (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Jun. 30, 2022 |
Remainder of Fiscal 2023 | $ 126 | $ 472 |
2024 | 509 | 481 |
2025 | 280 | 246 |
2026 | 247 | 214 |
2027 | 228 | 190 |
Thereafter | 177 | 141 |
Total obligations and commitments | $ 1,567 | $ 1,744 |
Note 14 - Business Segments (De
Note 14 - Business Segments (Details Textual) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2023 USD ($) | Mar. 31, 2022 USD ($) | Mar. 31, 2023 USD ($) | Mar. 31, 2022 USD ($) | |
Number of Operating Segments | 4 | 4 | ||
Revenue from Contract with Customer, Including Assessed Tax | $ 9,842 | $ 11,138 | $ 34,171 | $ 32,231 |
Intersegment Eliminations [Member] | ||||
Revenue from Contract with Customer, Including Assessed Tax | $ 64 | $ 232 | $ 733 | $ 1,052 |
Note 14 - Business Segments - B
Note 14 - Business Segments - Business Segment Information (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | Jun. 30, 2022 | |
Revenues | $ 9,842 | $ 11,138 | $ 34,171 | $ 32,231 | |
Operating Income / (loss) | (37) | (130) | 2,099 | 1,496 | |
Assets | 45,374 | 41,803 | 45,374 | 41,803 | $ 43,421 |
Depreciation and amortization | 1,498 | 761 | 3,641 | 2,263 | |
Capital expenditures | 83 | 349 | 4,077 | 1,144 | |
Corporate, Non-Segment [Member] | |||||
Revenues | 0 | 0 | 0 | 0 | |
Operating Income / (loss) | (87) | (402) | (276) | (632) | |
Assets | 641 | 238 | 641 | 238 | |
Depreciation and amortization | 0 | 0 | 0 | 0 | |
Capital expenditures | 14 | 0 | 26 | 0 | |
Manufacturing [Member] | |||||
Revenues | 2,963 | 3,097 | 11,592 | 10,187 | |
Manufacturing [Member] | Operating Segments [Member] | |||||
Revenues | 2,963 | 3,097 | 11,592 | 10,187 | |
Operating Income / (loss) | (104) | (145) | 373 | 108 | |
Assets | 15,056 | 14,204 | 15,056 | 14,204 | |
Depreciation and amortization | 135 | 110 | 365 | 318 | |
Capital expenditures | 3 | 8 | 18 | 103 | |
Testing Services [Member] | |||||
Revenues | 5,697 | 4,417 | 17,709 | 13,983 | |
Testing Services [Member] | Operating Segments [Member] | |||||
Revenues | 5,697 | 4,417 | 17,709 | 13,983 | |
Operating Income / (loss) | 37 | (124) | 1,445 | 999 | |
Assets | 26,522 | 24,030 | 26,522 | 24,030 | |
Depreciation and amortization | 1,343 | 633 | 3,218 | 1,884 | |
Capital expenditures | 66 | 341 | 4,033 | 1,040 | |
Distribution [Member] | |||||
Revenues | 1,179 | 3,620 | 4,855 | 8,038 | |
Distribution [Member] | Operating Segments [Member] | |||||
Revenues | 1,179 | 3,620 | 4,855 | 8,038 | |
Operating Income / (loss) | 151 | 576 | 633 | 1,107 | |
Assets | 1,283 | 1,601 | 1,283 | 1,601 | |
Depreciation and amortization | 0 | (2) | 0 | 0 | |
Capital expenditures | 0 | 0 | 0 | 0 | |
Real Estate Segment [Member] | |||||
Revenues | 3 | 4 | 15 | 23 | |
Real Estate Segment [Member] | Operating Segments [Member] | |||||
Revenues | 3 | 4 | 15 | 23 | |
Operating Income / (loss) | (34) | (35) | (76) | (86) | |
Assets | 1,872 | 1,730 | 1,872 | 1,730 | |
Depreciation and amortization | 20 | 20 | 58 | 61 | |
Capital expenditures | $ 0 | $ 0 | $ 0 | $ 1 |
Note 15 - Other Income - Other
Note 15 - Other Income - Other Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | |
Interest income | $ 49 | $ 13 | $ 104 | $ 51 |
Other rental income | 30 | 30 | 85 | 88 |
Exchange gain / (loss) | (47) | (9) | (326) | (13) |
Bad debt recovery | 0 | 0 | 0 | 104 |
Commission income | 0 | 0 | 0 | 200 |
Government grant | 83 | 62 | 108 | 160 |
Other miscellaneous income | 8 | 31 | 88 | 79 |
Total | $ 123 | $ 127 | $ 59 | $ 669 |
Note 16 - Income Tax (Details T
Note 16 - Income Tax (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | Jun. 30, 2022 | |
GILTI Expense | $ 0 | $ 0 | $ 83 | $ 0 | $ (81) |
Income Tax Expense (Benefit) | $ 8 | $ 170 | 474 | $ 503 | |
Effective Income Tax Rate Reconciliation, Percent | 14% | 500% | |||
Unrecognized Tax Benefits, Ending Balance | $ 0 | $ 0 |
Note 17 - Revenue 1 (Details Te
Note 17 - Revenue 1 (Details Textual) $ in Thousands | Jun. 30, 2022 USD ($) |
Revenue, Remaining Performance Obligation, Amount | $ 326 |
Note 17 - Revenue 2 (Details Te
Note 17 - Revenue 2 (Details Textual) - USD ($) $ in Thousands | Mar. 31, 2023 | Jun. 30, 2022 |
Revenue, Remaining Performance Obligation, Amount | $ 326 | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-04-01 | ||
Revenue, Remaining Performance Obligation, Amount | $ 170 | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Year) | 2 years |
Note 17 - Revenue - Contract Ba
Note 17 - Revenue - Contract Balances (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Jun. 30, 2022 |
Trade Accounts Receivable | $ 11,004 | $ 11,592 |
Accounts Payable | 1,835 | 2,401 |
Contract Liabilities | $ 1,501 | $ 988 |
Note 18 - Earnings Per Share (D
Note 18 - Earnings Per Share (Details Textual) - $ / shares | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | |
Share-Based Payment Arrangement, Option, Exercise Price Range, Shares Outstanding (in shares) | 656,375 | 698,875 | 656,375 | 698,875 |
Share-Based Payment Arrangement, Option, Exercise Price Range, Lower Range Limit (in dollars per share) | $ 2.53 | $ 3.28 | ||
Share-Based Payment Arrangement, Option, Exercise Price Range, Upper Range Limit (in dollars per share) | $ 7.76 | $ 7.76 | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 285,500 | 140,500 | 285,500 | 140,500 |
Note 18 - Earnings Per Share -
Note 18 - 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, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | |
(Loss) / Income attributable to Trio-Tech International common shareholders from continuing operations, net of tax | $ (10) | $ (167) | $ 1,384 | $ 1,603 |
Income / (loss) attributable to Trio-Tech International common shareholders from discontinued operations, net of tax | 3 | 0 | (2) | 2 |
Net (loss) / income attributable to Trio-Tech International Common Shareholders | $ (7) | $ (167) | $ 1,382 | $ 1,605 |
Basic (in shares) | 4,075 | 3,949 | 4,075 | 3,949 |
Dilutive effect of stock options (in shares) | 84 | 272 | 86 | 191 |
Number of shares used to compute earnings per share diluted (in shares) | 4,159 | 4,221 | 4,161 | 4,140 |
Basic (loss) / earnings per share from continuing operations attributable to Trio-Tech International (in dollars per share) | $ 0 | $ (0.04) | $ 0.34 | $ 0.40 |
Basic (loss) / earnings per share from discontinued operations attributable to Trio-Tech International (in dollars per share) | 0 | 0 | 0 | 0 |
Basic (loss) / earnings per share from net income attributable to Trio-Tech International (in dollars per share) | 0 | (0.04) | 0.34 | 0.40 |
Diluted (loss) / earnings per share from continuing operations attributable to Trio-Tech International (in dollars per share) | 0 | (0.04) | 0.33 | 0.38 |
Diluted (loss) / earnings per share from discontinued operations attributable to Trio-Tech International (in dollars per share) | 0 | 0 | 0 | 0 |
Diluted (loss) / earnings per share from net income attributable to Trio-Tech International (in dollars per share) | $ 0 | $ (0.04) | $ 0.33 | $ 0.38 |
Note 19 - Stock Options (Detail
Note 19 - Stock Options (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | 1 Months Ended | 2 Months Ended | 3 Months Ended | 9 Months Ended | |||||||||
Dec. 31, 2021 | Sep. 30, 2020 | Mar. 01, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2023 | Mar. 31, 2022 | Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2020 | Sep. 24, 2017 | Jun. 30, 2007 | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Payments | $ 0 | ||||||||||||
Employee Stock Option Plan 2017 [Member] | |||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares) | 600,000 | 300,000 | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Additional Shares Authorized (in shares) | 300,000 | ||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year) | 10 years | ||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year) | 5 years | ||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares) | 40,000 | 40,500 | 65,000 | 40,500 | |||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period (in shares) | 5,000 | 41,125 | |||||||||||
Share-Based Payment Arrangement, Expense | $ 70 | $ 84 | $ 124 | $ 106 | |||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number (in shares) | 170,500 | 134,625 | 134,625 | 134,625 | |||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Exercise Price (in dollars per share) | $ 4.81 | $ 4.49 | $ 4.49 | $ 4.49 | |||||||||
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 6 months 7 days | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number, Ending Balance (in shares) | 216,375 | 266,375 | 216,375 | 216,375 | 266,375 | 236,375 | 267,000 | ||||||
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% | ||||||||||||
Employee Stock Option Plan 2007 [Member] | |||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares) | 0 | 600,000 | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period (in shares) | 0 | 0 | |||||||||||
Share-Based Payment Arrangement, Expense | $ 0 | $ 0 | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number, Ending Balance (in shares) | 0 | 0 | 0 | 0 | 0 | 0 | 37,500 | ||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Nonvested, Number of Shares (in shares) | 0 | 0 | 0 | ||||||||||
Director Plan 2017 [Member] | |||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares) | 600,000 | 300,000 | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Additional Shares Authorized (in shares) | 300,000 | ||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year) | 5 years | ||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares) | 100,000 | 100,000 | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period (in shares) | 0 | 0 | |||||||||||
Share-Based Payment Arrangement, Expense | $ 213 | $ 353 | $ 213 | $ 353 | |||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number (in shares) | 440,000 | 420,000 | 440,000 | 440,000 | 420,000 | ||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Exercise Price (in dollars per share) | $ 4.80 | $ 5.10 | $ 4.80 | $ 4.80 | $ 5.10 | ||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term (Year) | 2 years 8 months 4 days | 3 years 1 month 6 days | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number, Ending Balance (in shares) | 440,000 | 420,000 | 440,000 | 440,000 | 420,000 | 420,000 | 320,000 | ||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Nonvested, Number of Shares (in shares) | 0 | 0 | 0 | 0 | 0 | ||||||||
Director Plan 2007 [Member] | |||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares) | 0 | 500,000 | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period (in shares) | 0 | 50,000 | |||||||||||
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) | 0 | 0 | 0 | 0 | 0 | ||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number, Ending Balance (in shares) | 0 | 0 | 50,000 | ||||||||||
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% | 0.11% | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate | 47.30% | 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 | 4.17% | 2.35% | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate | 73.85% | 55.59% |
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, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | Jun. 30, 2022 | Jun. 30, 2021 | Jul. 01, 2021 | |
Outstanding. options (in shares) | 236,375 | 267,000 | 267,000 | ||||
Outstanding, weighted average exercise price (in dollars per share) | $ 5.21 | $ 4.21 | $ 4.21 | ||||
Outstanding, weighted average remaining contractual term (Year) | 3 years 2 months 1 day | 2 years 9 months 18 days | 2 years 7 months 9 days | 3 years 2 months 19 days | |||
Aggregate intrinsic value outstanding | $ 117 | $ 621 | $ 117 | $ 621 | $ 87 | $ 290 | |
Granted, options (in shares) | 40,000 | 40,500 | 65,000 | 40,500 | |||
Granted, weighted average exercise price (in dollars per share) | $ 4.84 | ||||||
Exercised, options (in shares) | (5,000) | (41,125) | |||||
Exercised, weighted average exercise price (in dollars per share) | $ 3.75 | $ 2.86 | |||||
Forfeited or expired, options (in shares) | (80,000) | ||||||
Outstanding, options (in shares) | 216,375 | 266,375 | 216,375 | 266,375 | 236,375 | 267,000 | |
Outstanding, weighted average exercise price (in dollars per share) | $ 4.89 | $ 4.96 | $ 4.89 | $ 4.96 | $ 5.21 | $ 4.21 | |
Exercisable, options (in shares) | 134,625 | 170,500 | 134,625 | 170,500 | |||
Exercisable, weighted average exercise price (in dollars per share) | $ 4.49 | $ 4.81 | $ 4.49 | $ 4.81 | |||
Exercisable, weighted average remaining contractual term (Year) | 2 years 6 months 7 days | 2 years 2 months 26 days | |||||
Exercisable, aggregate intrinsic value | $ 109 | $ 415 | $ 109 | $ 415 | |||
Exercised, options (in shares) | (5,000) | (41,125) |
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, 2023 | Mar. 31, 2022 | |
Non-vested options outstanding (in shares) | 75,875 | 102,250 |
Non-vested, weighted average grant date fair value (in dollars per share) | $ 5.98 | $ 2.29 |
Granted (in shares) | 65,000 | |
Granted, weighted average grant date fair value (in dollars per share) | $ 4.77 | |
Vested (in shares) | (49,125) | (46,875) |
Forfeited (in shares) | (10,000) | |
Non-vested options outstanding (in shares) | 81,750 | 95,875 |
Non-vested, weighted average grant date fair value (in dollars per share) | $ 5.53 | $ 2.29 |
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 ($) | 9 Months Ended | 12 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Jun. 30, 2022 | Jun. 30, 2021 | |
Outstanding. options (in shares) | 0 | 37,500 | 37,500 | |
Outstanding, weighted average exercise price (in dollars per share) | $ 4.14 | $ 4.14 | ||
Outstanding, weighted average remaining contractual term (Year) | 9 months | |||
Aggregate intrinsic value outstanding | $ 0 | $ 34 | ||
Outstanding, options (in shares) | 0 | 0 | 0 | 37,500 |
Outstanding, weighted average exercise price (in dollars per share) | $ 0 | $ 4.14 |
Note 19 - Stock Options - Sum_4
Note 19 - Stock Options - Summary of Options Activities 2017 Directors Plan (Details) - Director Plan 2017 [Member] - USD ($) | 9 Months Ended | 12 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Jun. 30, 2022 | Jun. 30, 2021 | |
Outstanding. options (in shares) | 420,000 | 420,000 | 320,000 | |
Outstanding, weighted average exercise price (in dollars per share) | $ 5.10 | $ 5.10 | $ 4.27 | |
Outstanding, weighted average remaining contractual term (Year) | 2 years 8 months 4 days | 7 months 6 days | 2 years 10 months 6 days | 3 years 2 months 19 days |
Aggregate intrinsic value outstanding | $ 303 | $ 942 | $ 228 | $ 340 |
Outstanding, options (in shares) | 440,000 | 420,000 | 420,000 | |
Outstanding, weighted average exercise price (in dollars per share) | $ 4.80 | $ 5.10 | $ 5.10 | |
Exercisable, options (in shares) | 440,000 | 420,000 | ||
Exercisable, weighted average exercise price (in dollars per share) | $ 4.80 | $ 5.10 | ||
Exercisable, weighted average remaining contractual term (Year) | 2 years 8 months 4 days | 3 years 25 days | ||
Exercisable, aggregate intrinsic value | $ 303 | $ 942 |
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, 2023 | Mar. 31, 2022 | Jun. 30, 2021 | |
Outstanding. options (in shares) | 50,000 | ||
Outstanding, weighted average exercise price (in dollars per share) | $ 4.14 | ||
Outstanding, weighted average remaining contractual term (Year) | 9 months | ||
Aggregate intrinsic value outstanding | $ 45 | ||
Exercised, options (in shares) | 0 | (50,000) | |
Exercised, weighted average exercise price (in dollars per share) | $ 4.14 | ||
Forfeited or expired, options (in shares) | 0 | ||
Forfeited or expired, weighted average exercise price (in dollars per share) | $ 0 | ||
Outstanding, options (in shares) | 0 | 50,000 | |
Outstanding, weighted average exercise price (in dollars per share) | $ 0 | $ 4.14 | |
Exercisable, options (in shares) | 0 | ||
Exercisable, weighted average exercise price (in dollars per share) | $ 0 |
Note 20 - Leases (Details Textu
Note 20 - Leases (Details Textual) | 3 Months Ended | 9 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2023 USD ($) | Mar. 31, 2022 USD ($) | |
Lessor Asset under Operating Lease, Term (Year) | 20 years | ||
Depreciation, Lessor Asset under Operating Lease | $ 54 | $ 58 | |
Lessor, Sales-type Leased Assets, Number of Units | 4 | 4 | |
Lessor, Sales-type Lease, Term of Contract (Year) | 3 years | 3 years | |
Lessor, Sales-type Lease, Weighted Average Effective Interest Rate | 11.16% | 11.16% | |
Minimum [Member] | |||
Lessor, Operating Lease, Term of Contract (Month) | 12 months | 12 months | |
Lessor, Sales-type Lease, Weighted Average Remaining Lease Term (Year) | 1 year | ||
Lessee, Operating Lease, Remaining Lease Term (Year) | 1 year | 1 year | |
Maximum [Member] | |||
Lessor, Operating Lease, Term of Contract (Month) | 60 months | 60 months | |
Lessee, Operating Lease, Remaining Lease Term (Year) | 4 years | 4 years |
Note 20 - Leases - Future Minim
Note 20 - Leases - Future Minimum Rental Income (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Jun. 30, 2022 |
Remainder of Fiscal 2023 | $ 36 | |
Fiscal 2024 | 141 | $ 6 |
Fiscal 2025 | 141 | 27 |
Fiscal 2026 | 46 | 28 |
Fiscal 2027 | 16 | 29 |
Lessor, Operating Lease, Payment to be Received | $ 380 | 100 |
2027 | $ 10 |
Note 20 - Leases - Components o
Note 20 - Leases - Components of Financed Sales Receivable (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Jun. 30, 2022 |
Gross financial sales receivable | $ 23 | |
Unearned finance income | (1) | |
Financed sales receivable | 22 | |
Net financed sales receivables due within one year | 22 | $ 21 |
Financed sales receivable | $ 0 | $ 17 |
Note 20 - Leases - Supplement B
Note 20 - Leases - Supplement Balance Sheet Information (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | Jun. 30, 2022 | |
Plant and equipment, at cost | $ 1,749 | $ 1,749 | $ 1,727 | ||
Accumulated depreciation | (1,214) | (1,214) | (1,179) | ||
Plant and Equipment, Net | 535 | 535 | 548 | ||
Current portion of finance leases | 103 | 103 | 118 | ||
Net of current portion of finance leases | 43 | 43 | 119 | ||
Total Finance Lease Liabilities | 146 | 146 | 237 | ||
Operating lease right-of-use assets | 3,059 | 3,059 | 3,152 | ||
Current portion of operating leases | 1,361 | 1,361 | 1,218 | ||
Net of current portion of operating leases | 1,698 | 1,698 | 1,934 | ||
Total Operating Lease Liabilities | 3,059 | 3,059 | $ 3,152 | ||
Lease Cost | |||||
Interest on finance lease | 2 | $ 9 | 8 | $ 20 | |
Amortization of right-of-use assets | 46 | 60 | 138 | 150 | |
Total finance lease cost | 48 | 69 | 146 | 170 | |
Operating Lease Costs | $ 384 | $ 331 | $ 1,133 | $ 801 |
Note 20 - Leases - Other Inform
Note 20 - Leases - Other Information (Details) - USD ($) $ in Thousands | 9 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Operating cash flows from finance leases | $ (8) | $ (20) |
Operating cash flows from operating leases | (1,008) | (801) |
Payment of principal portion of finance leases | (92) | (168) |
Right-of-Use Assets Obtained in Exchange for New Operating Lease Liabilities | $ 932 | $ 132 |
Finance leases (Year) | 1 year 7 months 2 days | 3 years 7 months 13 days |
Operating leases (Year) | 2 years 6 months 29 days | 3 years 2 months 23 days |
Finance leases | 3.22% | 3.60% |
Operating leases | 5.68% | 4.83% |
Note 20 - Leases - Future Min_2
Note 20 - Leases - Future Minimum Lease Payments (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Jun. 30, 2022 |
Remainder of Fiscal year, operating leases | $ 449 | |
Remainder of Fiscal year, finance leases | 27 | |
Year one, operating leases | 1,376 | $ 1,357 |
Year one, finance leases | 105 | 129 |
Year two, operating leases | 876 | 1,032 |
Year two, finance leases | 21 | 104 |
Year three, operating leases | 531 | 554 |
Year three, finance leases | 0 | 20 |
After year three, operating leases | 67 | |
After year three, finance leases | 0 | |
Total future minimum lease payments, operating lease | 3,299 | 3,435 |
Total future minimum lease payments | 153 | 253 |
Less: amount representing interest, operating lease | (240) | (283) |
Less: amount representing interest | (7) | (16) |
Present value of net minimum lease payments, operating lease | 3,059 | 3,152 |
Present value of net minimum lease payments | 146 | 237 |
Current, operating lease | 1,361 | 1,218 |
Current | 103 | 118 |
Non-current, operating lease | 1,698 | 1,934 |
Non-Current | $ 43 | 119 |
Year four, operating leases | 423 | |
Year four, finance leases | 0 | |
Thereafter, operating lease | 69 | |
Thereafter, finance lease | $ 0 |
Note 22 - Concentration of Cu_3
Note 22 - Concentration of Customers (Details Textual) | Mar. 31, 2023 |
Number of Major Customers | 2 |
Note 22 - Concentration of Cu_4
Note 22 - Concentration of Customers - Revenue and Trade Accounts Receivables (Details) - Customer Concentration Risk [Member] | 9 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Revenue Benchmark [Member] | Customer A [Member] | ||
Concentration risk | 34% | 41.50% |
Revenue Benchmark [Member] | Customer B [Member] | ||
Concentration risk | 14% | 5.50% |
Revenue Benchmark [Member] | Customer C [Member] | ||
Concentration risk | 11.20% | 19.40% |
Accounts Receivable [Member] | Customer A [Member] | ||
Concentration risk | 35.80% | 36.40% |
Accounts Receivable [Member] | Customer B [Member] | ||
Concentration risk | 19.20% | 6% |
Accounts Receivable [Member] | Customer C [Member] | ||
Concentration risk | 7.80% | 26.40% |