Note J - Economic Dependency

12 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

J

. Economic Dependency

We had substantial net sales to certain customers during the fiscal years ended

June

 

30

shown in the following table. The loss of any of these customers, or a significant decline in sales or the growth rate of sales to these customers, or in their ability to make payments when due, could have a material adverse impact on our net sales and net income. Net sales to any

one

customer representing

10%

or more of the respective year’s consolidated net sales were as follows (dollars in thousands):

	Fiscal 2017		Fiscal 2016
Customer 1	$	60,532	$	49,442
Customer 2	(a)			13,952
	$	60,532	$	63,394

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

Accounts receivable from these

customers totaled

$1.5

million at

June 

30,

2017

and

$8.1

million at

June 

30,

2016.

We buy certain products, including beta-alanine, from a limited number of raw material suppliers. 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):

	Year ended June 30 ,
	201 7					201 6
	Raw Material Purchases by Supplier		% of Total Raw Material Purchases			Raw Material Purchases by Supplier	% of Total Raw Material Purchases
Supplier 1	$	6,694		12	%	(a)	(a)
	$	6,694		12	%	(a)	(a)

(a) Purchases were less than 10% of the respective period’s total raw material purchases.