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Note K - Economic Dependency

12 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

K. 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 operating results. Net sales to any one customer representing 10% or more of the respective year’s consolidated net sales were as follows (dollars in thousands):

		*Fiscal 2024*				*Fiscal 2023*
Customer 1		$	48,055			$	48,066
Customer 2			16,312				61,646
Customer 3			12,941				(a)
		$	77,308			$	109,712

(a)

Sales were less than 10% of the respective period’s consolidated net sales.

Accounts receivable from these customers totaled $12.3 million at June 30, 2024 and $1.8 million at June 30, 2023.

We buy certain products, including beta-alanine, from a single supplier. The loss of this supplier or other raw material suppliers could have a material adverse impact on our net sales and net income. Raw material purchases from any one supplier representing 10% or more of the respective period’s total raw material purchases were as follows (dollars in thousands):

		*Year ended June 30,*
		*2024*								*2023*
						*% of Total*								*% of Total*
		*Raw Material*				*Raw*				*Raw Material*				*Raw*
		*Purchases by*				*Material*				*Purchases by*				*Material*
		*Supplier*				*Purchases*				*Supplier*				*Purchases*
Supplier 1		$	11,624				23	%		$	11,487				13	%
		$	11,624				23	%		$	11,487				13	%