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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sales, net $ 12,326 $ 12,751
Cost of sales 11,329 11,327
Gross profit 997 1,424
Selling and administrative expenses 967 839
Operating income 30 585
Other income (expense), net:    
Interest expense (13) (32)
Unrealized loss on investment in iBio Stock (4) (20)
Other income, net 3 6
Total other expense, net (14) (46)
Income before income taxes 16 539
Income tax expense, net 51 23
Net (loss) income $ (35) $ 516
Basic net income per common share (in dollars per share) $ (0.00) $ 0.02
Diluted net income per common share (in dollars per share) $ (0.00) $ 0.02
Weighted average common shares outstanding - basic (in shares) 29,949,610 29,817,919
Add: Equivalent shares outstanding - Stock Options (in shares) 0 2,781,977
Weighted average common shares outstanding - diluted (in shares) 29,949,610 32,599,896