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CONDENSED CONSOLIDATED INCOME STATEMENTS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]        
Net sales $ 9,265 $ 11,739 $ 29,426 $ 28,594
Cost of sales 6,407 7,354 19,737 18,138
Gross profit 2,858 4,385 9,689 10,456
Operating expenses:        
Selling expenses 20 136 79 415
General and administrative expenses 1,145 1,280 3,402 2,922
Loss on disposal of equipment 14 14
Research and development costs 658 1,104 2,254 3,184
Total operating expenses 1,837 2,520 5,749 6,521
Operating income 1,021 1,865 3,940 3,935
Interest expense (112) (102) (349) (231)
Unrealized gain (loss) on marketable equity investments (275) 136 (427) 1,442
Interest and other income 41 50 102
Gain on sale of investments 783 795
Income before income taxes 634 2,723 3,214 6,043
Income tax expense (172) (592) (764) (1,004)
Net income $ 462 $ 2,131 $ 2,450 $ 5,039
Basic net income per share:        
Net income $ 0.13 $ 0.56 $ 0.67 $ 1.31
Diluted net income per share:        
Net income $ 0.12 $ 0.54 $ 0.65 $ 1.26
Weighted average common shares outstanding:        
Basic 3,626 3,817 3,645 3,843
Diluted 3,749 3,966 3,774 3,998
Common shares outstanding 3,618 3,701 3,618 3,701