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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Sales, net $ 13,098 $ 15,634 $ 37,678 $ 42,979
Cost of sales 12,090 13,652 34,603 37,823
Gross profit 1,008 1,982 3,075 5,156
Selling and administrative expenses 964 990 3,034 2,849
Operating income 44 992 41 2,307
Other income (expense), net        
Interest expense (13) (30) (38) (104)
Realized loss on sale of investment in iBio Stock 0 0 (35) 0
Unrealized (loss) gain on investments 0 (6) 27 (48)
Other income, net 15 4 22 35
Other income (expense), net 2 (32) (24) (117)
Income before income taxes 46 960 17 2,190
Income tax (expense) benefit, net (30) (163) (91) 154
Net income (loss) $ 16 $ 797 $ (74) $ 2,344
Basic earnings per common share (in dollars per share) $ 0.00 $ 0.03 $ (0.00) $ 0.08
Diluted earnings per common share (in dollars per share) $ 0.00 $ 0.03 $ (0.00) $ 0.07
Weighted average common shares outstanding - basic (in shares) 29,949,610 29,821,138 29,949,610 29,826,321
Add: Equivalent shares outstanding (in shares) 1,513,699 2,539,260 0 2,587,508
Weighted average common shares outstanding - diluted (in shares) 29,949,610 32,360,398 29,949,610 32,413,829