XML 12 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]        
Net sales $ 7,961 $ 6,399 $ 15,201 $ 13,314
Cost of sales 5,097 4,150 9,557 8,339
Gross profit 2,864 2,249 5,644 4,975
Operating (income) expenses:        
Selling expenses 135 97 277 130
General and administrative expenses 664 633 1,327 1,197
Gain from disposal of equipment (7)
Research and development costs 397 326 881 735
Total operating expenses 1,196 1,056 2,485 2,055
Operating income 1,668 1,193 3,159 2,920
Interest expense (63) (69) (122) (89)
Interest and other income 33 93 68 168
Gain on sale of investments 356 356
Income from operations before income taxes 1,638 1,573 3,105 3,355
Income tax expense (389) (394) (751) (827)
Net income 1,249 1,179 2,354 2,528
Other comprehensive income (loss), net of tax:        
Unrealized income (loss) from marketable equity investments 705 (494) 649 (349)
Comprehensive income $ 1,954 $ 685 $ 3,003 $ 2,179
Basic net income per share:        
Net income $ 0.32 $ 0.28 $ 0.59 $ 0.59
Diluted net income per share:        
Net income $ 0.31 $ 0.28 $ 0.58 $ 0.59
Weighted average common shares outstanding:        
Basic 3,950 4,195 3,979 4,263
Diluted 4,053 4,242 4,082 4,303
Common shares outstanding 3,884 4,143 3,884 4,143