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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Sales, net $ 50,672 $ 56,246
Cost of sales 46,611 49,694
Gross profit 4,061 6,552
Selling and administrative expenses 3,941 3,807
Operating income 120 2,745
Other income (expense), net:    
Interest expense (52) (128)
Unrealized gain (loss) on investment in iBio Stock 27 (55)
Realized loss on sale of investment in iBio Stock (35) 0
Other income 40 35
Total other income (expense), net (20) (148)
Income before income taxes 100 2,597
Income tax (expense) benefit, net (134) 1,241
Net (loss) income $ (34) $ 3,838
Basic net (loss) income per common share (in dollars per share) $ (0.00) $ 0.13
Diluted net (loss) income per common share (in dollars per share) $ (0.00) $ 0.12
Weighted average common shares outstanding - basic (in shares) 29,949,610 29,843,386
Add: Equivalent shares outstanding - stock options (in shares) 0 2,477,939
Weighted average common shares outstanding - diluted (in shares) 29,949,610 32,321,326