Note G - Economic Dependency

9 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

G. 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 operating results. 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				Nine Months Ended
	March 31,				March 31,
	2024		2023		2024		2023
Customer 1	$	11,251	$	15,962	$	35,215	$	46,948
Customer 2		(a)		9,558		13,604		38,823
Customer 3		2,640		(a)		(a)		(a)
	$	13,891	$	25,520	$	48,819	$	85,771

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

Accounts receivable from these customers totaled $7.6 million at March 31, 2024 and $5.2 million at June 30, 2023.

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				Nine Months Ended
	March 31,				March 31,
	2024		2023		2024		2023
Supplier 1	$	4,149		3,916	$	10,018		11,394
	$	4,149	$	3,916	$	10,018	$	11,394