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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Sales, net $ 10,413 $ 10,290 $ 19,859 $ 18,872
Cost of sales 9,438 9,035 17,569 16,316
Gross profit 975 1,255 2,290 2,556
Selling and administrative expenses 807 856 1,637 1,708
Operating income 168 399 653 848
Other income (expense), net        
Change in fair value of derivative liabilities 6 447 3 661
Other income, net 26 18 50 27
Interest expense (243) (250) (480) (490)
Other income (expense), net (211) 215 (427) 198
(Loss) income before income taxes (43) 614 226 1,046
Income tax expense, net 20 67 48 96
Net (loss) income $ (63) 547 $ 178 950
Change in fair value of derivative liability (447) (661)
Interest expense on Convertible debt-CD Financial, LLC 82 164
Accretion of Convertible debt - CD Financial, LLC 28 55
Diluted net (loss) income $ (63) $ 210 $ 178 $ 508
Basic net (loss) income per common share (in dollars per share) $ 0 $ 0.03 $ 0.01 $ 0.05
Diluted net (loss) income per common share (in dollars per share) $ 0 $ 0.01 $ 0.01 $ 0.02
Weighted average common shares outstanding - basic (in shares) 21,105,174 21,105,174 21,105,174 21,105,174
Add: Stock options (in shares) 99,887
Shares issuable upon conversion of Convertible Debt - CD Financial, LLC (in shares) 8,230,769 8,230,769
Weighted average common shares outstanding - diluted (in shares) 21,105,174 29,335,943 21,105,174 29,435,830