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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sales, net $ 12,751 $ 15,172
Cost of sales 11,327 12,799
Gross profit 1,424 2,373
Selling and administrative expenses 839 864
Operating income 585 1,509
Other income (expense), net:    
Interest expense (32) (76)
Realized gain on sale of investment in iBio Stock 0 56
Unrealized loss on investment in iBio Stock (20) (29)
Other income, net 6 8
Total other expense, net (46) (41)
Income before income taxes 539 1,468
Income tax expense, net 23 427
Net income $ 516 $ 1,041
Basic net income per common share (in dollars per share) $ 0.02 $ 0.04
Diluted net income per common share (in dollars per share) $ 0.02 $ 0.03
Weighted average common shares outstanding - basic (in shares) 29,817,919 29,645,943
Add: Equivalent shares outstanding - Stock Options (in shares) 2,781,977 2,147,133
Weighted average common shares outstanding - diluted (in shares) 32,599,896 31,793,076