Note 6 - Significant Risks and Uncertainties

3 Months Ended

Sep. 30, 2014

Risks and Uncertainties [Abstract]

Concentration Risk Disclosure [Text Block]

Note 6. Significant Risks and Uncertainties

(a) Major Customers. For the three months ended September 30, 2014 and 2013, approximately 81% and 79%, respectively of consolidated net sales, were derived from two customers. These two customers are in the Company’s Contract Manufacturing Segment and represent approximately 63% and 26% and 72% and 15% of this Segment’s net sales in the three months ended September 30, 2014 and 2013, respectively. A third customer in the Branded Nutraceutical Segment, while not a significant customer of the Company’s consolidated net sales, represented approximately 78% and 39% of net sales in the three months ended September 30, 2014 and 2013, respectively, of the Branded Nutraceutical Segment. Accounts receivable from these customers represented approximately 81% and 74% of total net accounts receivable as of September 30 and June 30, 2014, respectively. The loss of any of these customers could have an adverse affect on the Company’s operations. Major customers are those customers who account for more than 10% of net sales.

(b) Other Business Risks. Approximately 63% of the Company’s employees are covered by a union contract and are employed in its New Jersey facilities. The contract was renewed in May 2012 and expires in August 2015.