Note J - Economic Dependency

12 Months Ended

Jun. 30, 2019

Concentration Risk Disclosure [Text Block]

J. 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 2019		Fiscal 201 8
Customer 1	$	68,197	$	74,349
Customer 2		26,102		13,881
	$	94,299	$	88,230

Accounts receivable from these customers totaled

$9.5

million at

June

30,

2019

and

$9.2

million at

June

30,

2018.

We buy certain products, including beta-alanine, from a single supplier. The loss of this supplier or other raw material 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,
	2019					2018
	Raw Material Purchases by Supplier		% of Total Raw Material Purchases			Raw Material Purchases by Supplier		% of Total Raw Material Purchases
Supplier 1		8,240		11	%		7,487		10	%
Supplier 2	$	(a)		(a)			7,727		11	%
	$	8,240		11	%	$	15,214		21	%

(a)

Purchases were less than

10%

of the respective period’s total raw material purchases.