XML 72 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Sales, net $ 37,488 $ 33,683
Cost of sales 33,095 28,800
Gross profit 4,393 4,883
Selling and administrative expenses 3,460 3,531
Operating income 933 1,352
Other income (expense), net:    
Interest expense (979) (964)
Change in fair value of derivative instruments $ 705 (21)
Impairment charge on investment in iBio, Inc.   (152)
Other income, net $ 210 5
Total other expense, net (64) (1,132)
Income before income taxes 869 220
Income tax expense, net 134 89
Net income 735 $ 131
Change in fair value of derivative instruments (705)  
Interest expense on Convertible debt - CD Financial, LLC 326  
Accretion of Convertible debt - CD Financial, LLC 110  
Diluted net income $ 466 $ 131
Basic net income per common share (in dollars per share) $ 0.03 $ 0.01
Diluted net income per common share (in dollars per share) $ 0.02 $ 0.01
Weighted average common shares outstanding - basic (in shares) 21,105,174 21,081,955
Add: Equivalent shares outstanding (in shares) 49,944 111,863
Shares issuable upon conversion of Convertible Debt - CD Financial, LLC (in shares) 8,230,769  
Weighted average common shares outstanding - diluted (in shares) 29,385,887 21,193,818