Note F - Economic Dependency

9 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

F. Economic Dependency

We had substantial net sales to certain customers during the periods shown in the following table. The loss of any of these customers, or a significant decline in (i) sales to these customers, (ii) the growth rate of sales to these customers, or (iii) these customers’ ability to make payments when due, each individually 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 period's consolidated net sales were as follows (in thousands):

	Three Months Ended March 31,				Nine months Ended March 31,
	2019		2018		2019		2018
Customer 1	$	18,731	$	17,229	$	58,396	$	49,521
Customer 2		7,294		3,668		17,220		10,908
	$	26,025	$	20,897	$	75,616	$	60,429

We buy certain products, including beta-alanine, from a limited number of raw material suppliers who meet our quality standards. 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):

	Three Months Ended March 31,				Nine months Ended March 31,
	2019		2018		2019		2018
Supplier 1	$	(a)	(a)		$	6,312	(a)
Supplier 2		(a)		2,076	(a)			5,068
	$	-		2,076	$	6,312		5,068

(a)          Purchases were less than

10%

of the respective period’s total raw material purchases.