Note J - Economic Dependency

12 Months Ended

Jun. 30, 2018

Concentration Risk Disclosure [Text Block]

. Economic Dependency

We had substantial net sales to certain customers during the fiscal years ended

June

shown in the following table. The loss of any of these customers, or a significant decline in sales or the growth rate of sales to these customers, or in their ability to make payments when due, could have a material adverse impact on our net sales and net income. Net sales to any

one

customer representing

10%

or more of the respective year’s consolidated net sales were as follows (dollars in thousands):

	Fiscal 201 8		Fiscal 201 7
Customer 1	$	74,349	$	60,532
Customer 2		13,881	(a)
	$	88,230	$	60,532

(a)

Sales were less than

10%

of the respective period’s consolidated net sales.

Accounts receivable from these customers totaled

$9.2

million at

June

30,

2018

and

$1.5

million at

June

30,

2017.

We buy certain products, including beta-alanine, from a limited number of raw material suppliers. The loss of any of these suppliers could have a material adverse impact on our net sales and net income. Raw material purchases from any

one

supplier representing

10%

or more of the respective period’s total raw material purchases were as follows (dollars in thousands):

	Year ended June 30,
	201 8					201 7
	Raw Material Purchases by Supplier		% of Total Raw Material Purchases			Raw Material Purchases by Supplier		% of Total Raw Material Purchases
Supplier 1	$	7,727		11	%	(a)		(a		)
Supplier 2		7,487		10	%	(a)		(a		)
Supplier 3	(a)		(a		)		6,694		12	%
	$	15,214		21	%	$	6,694		12	%

(a)

Purchases were less than

10%

of the respective period’s total raw material purchases.