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Note K - Economic Dependency
 12 Months Ended
Jun. 30, 2025
Notes to Financial Statements  
Concentration Risk Disclosure [Text Block]

K. Economic Dependency

 

We had substantial net sales to certain customers in our private-label contract manufacturing segment 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 2025

  

Fiscal 2024

 

Customer 1

 $42,289  $48,055 

Customer 2

  17,707   12,941 

Customer 3

  17,165   16,312 
  $77,161  $77,308 

 

Accounts receivable from these customers totaled $9.9 million at June 30, 2025 and $12.3 million at June 30, 2024.

 

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 results of operations. 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,

 
  

2025

  

2024

 
      

% of Total

      

% of Total

 
  

Raw Material

  

Raw

  

Raw Material

  

Raw

 
  

Purchases by

  

Material

  

Purchases by

  

Material

 
  

Supplier

  

Purchases

  

Supplier

  

Purchases

 

Supplier 1

 $12,004   18% $11,624   23%
  $12,004   18% $11,624   23%