Note K - Economic Dependency

12 Months Ended

Jun. 30, 2022

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 2022		Fiscal 2021
Customer 1	$	54,599	$	90,820
Customer 2		37,218	(a)
Customer 3		31,552		25,410
	$	123,369	$	116,230

(a) Sales were less than 10% of the respective period’s consolidated net sales. 

Accounts receivable from these customers totaled $10.7 million at June 30, 2022 and $14.0 million at June 30, 2021.

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,
	2022					2021
	Raw Material Purchases by Supplier		% of Total Raw Material Purchases			Raw Material Purchases by Supplier		% of Total Raw Material Purchases
Supplier 1	$	14,065		17	%	$	23,033		24	%
	$	14,065		17	%	$	23,033		24	%