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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sales, net $ 10,304 $ 9,770
Cost of sales 9,085 8,765
Gross profit 1,219 1,005
Selling and administrative expenses 814 794
Operating income 405 211
Other income (expense), net:
Interest expense (200) (233)
Change in fair value of derivative liabilities 9 (118)
Impairment on investment in iBio, Inc. (83)
Total other expense, net (191) (434)
Income (loss) before income taxes 214 (223)
Income tax expense (benefit), net 55 (44)
Net income (loss) $ 159 $ (179)
Basic net income (loss) per common share (in dollars per share) $ 0.01 $ (0.01)
Diluted net income (loss) per common share (in dollars per share) $ 0.01 $ (0.01)
Weighted average common shares outstanding - basic (in shares) 27,218,786 21,135,174
Add: Equivalent shares outstanding - Stock Options (in shares) 744,818
Shares issuable upon conversion of Convertible Debt - CD Financial, LLC (in shares) 8,230,769
Weighted average common shares outstanding - diluted (in shares) 27,963,604 21,135,174