XML 20 R4.htm IDEA: XBRL DOCUMENT v3.19.2
STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]    
Net sales $ 27,172 $ 22,465
Cost of sales 17,392 14,522
Gross profit 9,780 7,943
Operating (income) expenses:    
Selling expenses 415 358
General and administrative expenses 2,492 2,287
Asset impairment charges 1,029
Gain on disposal of equipment (7) (16)
Research and development costs 1,882 1,893
Total operating expenses 4,782 5,551
Operating income 4,998 2,392
Other income (expense):    
Interest and dividend income 268 225
Other income 45
Gain on sale of investments 356
Interest expense (220) (7)
Total other income 449 218
Income before income taxes 5,447 2,610
Income tax expense 1,299 989
Net income 4,148 1,621
Other comprehensive loss, net of tax:    
Unrealized loss from marketable equity investments, net of income taxes (396) (186)
Comprehensive income $ 3,752 $ 1,435
Basic & Diluted income per share:    
Basic net income per share $ 0.99 $ 0.38
Diluted net income per share $ 0.97 $ 0.37
Weighted average common shares outstanding:    
Basic 4,192,365 4,304,602
Diluted 4,298,332 4,344,765