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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Sales, net $ 46,954 $ 42,214
Cost of sales 40,287 36,710
Gross profit 6,667 5,504
Selling and administrative expenses 3,480 3,390
Operating income 3,187 2,114
Other income (expense), net:    
Interest expense (911) (953)
Change in fair value of derivative liability (427) (64)
Impairment on investment in iBio Stock (36)
Other income, net 43 92
Total other expense, net (1,331) (925)
Income before income taxes 1,856 1,189
Income tax (benefit) expense, net (490) 231
Net income 2,346 958
Expenses related to Convertible Debt - CD Financial, LLC:    
Change in fair value of derivative liability 427
Interest expense, net of taxes 195
Amortization of prepaid financing costs, net of taxes 6
Accretion of convertible debt 39
Diluted net income $ 3,013 $ 958
Basic net income per common share (in dollars per share) $ 0.11 $ 0.05
Diluted net income per common share (in dollars per share) $ 0.10 $ 0.05
Weighted average common shares outstanding - basic (in shares) 21,117,078 21,105,174
Add: Equivalent shares outstanding - stock options (in shares) 825,893 85,892
Shares issuable upon conversion of Convertible Debt - CD Financial, LLC (in shares) 8,230,769
Weighted average common shares outstanding - diluted (in shares) 30,173,740 21,191,066