Note 6 - Significant Risks and Uncertainties

6 Months Ended

Dec. 31, 2012

Concentration Risk Disclosure [Text Block]

Note 6. Significant Risks and Uncertainties

(a) Major Customers. For the three and six months ended December 31, 2012, approximately 73% and 72%, respectively of total net sales were derived from two customers as compared to approximately 84% and 81% of total net sales derived from two customers in the three and six months ended December 31, 2011, respectively. Accounts receivable as of December 31, 2012 from these customers represented approximately 47% of total accounts receivable. The loss of any of these customers would have an adverse affect on the Company’s operations.  Major customers are those customers who account for more than 10% of net sales.

(b) Other Business Risks. Approximately 61% the Company’s employees are covered by a union contract and are employed in its New Jersey facilities. The union contract was renewed in May 2012 and expires in August 2015.