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Economic Dependency | 12 Months Ended
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Jun. 30, 2012
Economic Dependency | I. 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 total net sales were as follows (dollars in thousands):
|  | 2012 |  |  | 2011 |
|  | Net Sales by Customer |  |  | % of Total Net Sales |  |  | Net Sales by Customer |  |  | % of Total Net Sales |
Customer 1 |  | $ | 31,994 |  |  |  | 44 | % |  | $ | 29,887 |  |  |  | 53 | %
Customer 2 |  |  | 13,884 |  |  |  | 19 | % |  |  | 11,173 |  |  |  | 20 | %
|  | $ | 45,878 |  |  |  | 63 | % |  | $ | 41,060 |  |  |  | 73 | %
Accounts receivable from these customers totaled $2.6 million at June 30, 2012 and $1.7 million at June 30, 2011. 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. During fiscal 2012, we did not have any suppliers that individually represented greater than 10% of our raw material purchases. During fiscal 2011, approximately 20% of our total raw material purchases were from two suppliers. Accounts payable to these suppliers were $168,000 at June 30, 2011. No other supplier comprised 10% or more of our raw material purchases for the year ended June 30, 2011.

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