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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sales, net $ 9,770 $ 12,681
Cost of sales 8,765 10,529
Gross profit 1,005 2,152
Selling and administrative expenses 794 793
Operating income 211 1,359
Other income (expense), net:    
Interest expense (233) (232)
Change in fair value of derivative liabilities (118) (368)
Impairment on investment in iBio, Inc. (83)
Other income, net 16
Total other expense, net (434) (584)
(Loss) income before income taxes (223) 775
Income tax (benefit) expense, net (44) 126
Net (loss) income $ (179) $ 649
Basic net (loss) income per common share (in dollars per share) $ (0.01) $ 0.03
Diluted net (loss) income per common share (in dollars per share) $ (0.01) $ 0.03
Weighted average common shares outstanding - basic (in shares) 21,135,174 21,105,174
Add: Equivalent shares outstanding (in shares) 77,712
Shares issuable upon conversion of Convertible Debt - CD Financial, LLC (in shares)
Weighted average common shares outstanding - diluted (in shares) 21,135,174 21,182,886