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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sales, net $ 12,681 $ 9,445
Cost of sales 10,529 8,130
Gross profit 2,152 1,315
Selling and administrative expenses 793 830
Operating income 1,359 485
Other income (expense), net:    
Interest expense (232) (237)
Change in fair value of derivative liabilities (368) (3)
Other income, net 16 24
Other expense, net (584) (216)
Income before income taxes 775 269
Income tax expense, net 126 28
Net income $ 649 $ 241
Basic net income per common share (in dollars per share) $ 0.03 $ 0.01
Diluted net income per common share (in dollars per share) $ 0.03 $ 0.01
Weighted average common shares outstanding - basic (in shares) 21,105,174 21,105,174
Add: Equivalent shares outstanding (in shares) 77,712 50,039
Shares issuable upon conversion of Convertible Debt - CD Financial, LLC (in shares)
Weighted average common shares outstanding - diluted (in shares) 21,182,886 21,155,213