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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sales, net $ 15,172 $ 11,406
Cost of sales 12,799 10,007
Gross profit 2,373 1,399
Selling and administrative expenses 864 923
Operating income 1,509 476
Other income (expense), net:    
Interest expense (76) (124)
Realized gain on sale of investment in iBio Stock 56
Unrealized loss on investment in iBio Stock (29) (20)
Other income, net 8 17
Total other expense, net (41) (127)
Income before income taxes 1,468 349
Income tax expense, net 427 37
Net income $ 1,041 $ 312
Basic net income per common share (in dollars per share) $ 0.04 $ 0.01
Diluted net income per common share (in dollars per share) $ 0.03 $ 0.01
Weighted average common shares outstanding - basic (in shares) 29,645,943 29,565,943
Add: Equivalent shares outstanding - Stock Options (in shares) 2,147,133 1,158,690
Weighted average common shares outstanding - diluted (in shares) 31,793,076 30,724,633