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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Sales, net $ 43,710 $ 46,954
Cost of sales 38,722 40,287
Gross profit 4,988 6,667
Selling and administrative expenses 3,294 3,480
Operating income 1,694 3,187
Other income (expense), net:    
Interest expense (926) (911)
Change in fair value of derivative liability 494 (427)
Impairment on investment in iBio Stock (358) (36)
Other income, net 101 43
Total other expense, net (689) (1,331)
Income before income taxes 1,005 1,856
Income tax expense (benefit) , net 326 (490)
Net income 679 2,346
Expenses related to Convertible Debt - CD Financial, LLC:    
Change in fair value of derivative liability (494) 427
Interest expense, net of taxes 216 195
Amortization of prepaid financing costs, net of taxes 6 6
Accretion of Convertible debt 39 39
Diluted net income $ 446 $ 3,013
Basic net income per common share (in dollars per share) $ 0.03 $ 0.11
Diluted net income per common share (in dollars per share) $ 0.02 $ 0.10
Weighed average common shares outstanding - basic (in shares) 21,135,174 21,117,078
Add: Equivalent shares outstanding - stock options (in shares) 951,399 825,893
Shares issuable upon conversion of Convertible Debt CD Financial, LLC (in shares) 8,230,769 8,230,769
Weighted average common shares outstanding - diluted (in shares) 30,317,342 30,173,740