Note K - Economic Dependency

12 Months Ended

Jun. 30, 2021

Concentration Risk Disclosure [Text Block]

K. 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 2021		Fiscal 2020
Customer 1	$	90,820	$	52,462
Customer 2		25,410		24,692
	$	116,230	$	77,154

Accounts receivable from these customers totaled

$14.0

million at

June

30,

2021

and

$13.4

million at

June

30,

2020.

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,
	2021					2020
	Raw Material Purchases by Supplier		% of Total Raw Material Purchases			Raw Material Purchases by Supplier		% of Total Raw Material Purchases
Supplier 1	$	23,033		24	%		(a)		(a)	%
Supplier 2		(a)		(a)			6,356		10
	$	23,033		24	%	$	6,356		10	%

(a)

Purchases were less than

10%

of the respective period's total raw material purchases.