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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Sales, net $ 10,800 $ 12,372 $ 20,570 $ 25,053
Cost of sales 9,752 10,902 18,517 21,432
Gross profit 1,048 1,470 2,053 3,621
Selling and administrative expenses 850 900 1,644 1,693
Operating income 198 570 409 1,928
Other income (expense), net        
Interest expense (229) (227) (462) (459)
Change in fair value of derivative liabilities 185 (364) 67 (731)
Impairment on investment in iBio, Inc. (168) (251)
Other income, net 4 15 4 31
Other income (expense), net (208) (576) (642) (1,159)
(Loss) income before income taxes (10) (6) (233) 769
Income tax expense, net 338 71 294 197
Net (loss) income $ (348) $ (77) $ (527) $ 572
Basic net (loss) income per common share (in dollars per share) $ (0.02) $ 0 $ (0.02) $ 0.03
Diluted net (loss) income per common share (in dollars per share) $ (0.02) $ 0 $ (0.02) $ 0.03
Weighted average common shares outstanding - basic (in shares) 21,135,174 21,106,098 21,135,174 21,105,636
Add: Equivalent shares outstanding        
Shares issuable upon conversion of Convertible Debt - CD Financial, LLC (in shares) 567,964
Weighted average common shares outstanding - diluted (in shares) 21,135,174 21,106,098 21,135,174 21,673,600