Note K - Economic Dependency

12 Months Ended

Jun. 30, 2020

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

K

. Economic Dependency

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

June 

30

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 2020		Fiscal 201 9
Customer 1	$	52,462	$	68,197
Customer 2		24,692		26,102
	$	77,154	$	94,299

Accounts receivable from these customers totaled

$13.4

million at

June 

30,

2020

and

$9.5

million at

June 

30,

2019.

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,
	2020					2019
	Raw Material Purchases by Supplier		% of Total Raw Material Purchases			Raw Material Purchases by Supplier		% of Total Raw Material Purchases
Supplier 1	$	6,356		10	%		(a)		(a)	%
Supplier 2		(a)		(a)			8,240		11
	$	6,356		10	%	$	8,240		11	%

(a) Purchases were less than 10% of the respective period's total raw material purchases.