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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Sales, net $ 14,594 $ 14,257 $ 27,345 $ 29,429
Cost of sales 12,844 12,083 24,171 24,882
Gross profit 1,750 2,174 3,174 4,547
Selling and administrative expenses 1,020 930 1,859 1,794
Operating income 730 1,244 1,315 2,753
Other income (expense), net        
Interest expense (42) (79) (74) (155)
Realized gain on sale of investment in iBio Stock 0 0 0 56
Unrealized loss on investments (22) (44) (42) (73)
Other income, net 25 8 31 16
Other income (expense), net (39) (115) (85) (156)
Income before income taxes 691 1,129 1,230 2,597
Income tax benefit (expense), net 340 95 317 (332)
Net income $ 1,031 $ 1,224 $ 1,547 $ 2,265
Basic earnings per common share (in dollars per share) $ 0.04 $ 0.04 $ 0.05 $ 0.08
Diluted earnings per common share (in dollars per share) $ 0.03 $ 0.04 $ 0.05 $ 0.07
Weighted average common shares outstanding - basic (in shares) 29,823,919 29,658,661 29,823,029 29,652,302
Add: Equivalent shares outstanding (in shares) 2,623,104 2,440,843 2,617,930 2,314,734
Weighted average common shares outstanding - diluted (in shares) 32,447,023 32,099,504 32,440,959 31,967,036