XML 51 R2.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sales, net $ 11,406 $ 10,304
Cost of sales 10,007 9,085
Gross profit 1,399 1,219
Selling and administrative expenses 923 814
Operating income 476 405
Interest expense (124) (200)
Change in fair value of derivative liabilities 9
Other income 21
Unrealized loss on investments (24)
Total other expense, net (127) (191)
Income before income taxes 349 214
Income tax expense, net 37 55
Net income $ 312 $ 159
Basic net income per common share (in dollars per share) $ 0.01 $ 0.01
Diluted net income per common share (in dollars per share) $ 0.01 $ 0.01
Weighted average common shares outstanding - basic (in shares) 29,565,943 27,218,786
Add: Equivalent shares outstanding - Stock Options (in shares) 1,158,690 744,818
Weighted average common shares outstanding - diluted (in shares) 30,724,633 27,963,604