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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) | 12 Months Ended
--- | ---
Jun. 30, 2016 | Jun. 30, 2015
Net sales | $ 26,001,346 | $ 24,230,056
Cost of goods sold | 17,058,774 | 15,781,489
Gross profit | 8,942,572 | 8,448,567
Operating expenses: |  |
Selling, general and administrative expenses | 7,959,460 | 7,904,739
Unauthorized transaction related (recoveries) costs, net | (1,286,001) | 31,027
Other expense (income): |  |
Interest expense | 6,075 | 12,813
Income before income tax provision | 2,263,038 | 499,988
Income tax provision | 874,038 | 17,375
Net income | $ 1,389,000 | $ 482,613
Income per common share: |  |
Basic | $ 0.19 | $ 0.07
Diluted | $ 0.19 | $ 0.07

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