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Note H - Segment Information | 3 Months Ended
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Sep. 30, 2025
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | H. Segment Information Our business consists of two segments for financial reporting purposes. The two segments are identified as (i) private-label contract manufacturing, which primarily relates to the provision of private-label contract manufacturing services to companies that market and distribute nutritional supplements and other health care products, and (ii) patent and trademark licensing, which primarily includes direct raw material sales and royalty income from our license and supply agreements associated with the sale and use of beta-alanine under our CarnoSyn®, SR CarnoSyn®, and TriBsyn™ trademarks. The chief operating decision maker is the Company's Chief Executive Officer, who, in conjunction with senior management, evaluates segment performance based on a number of factors. The primary performance measures for each segment are net sales and income or loss from operations before corporate allocations. Operating income or loss for each segment does not include corporate general and administrative expenses, interest expense and other miscellaneous income and expense items. Corporate general and administrative expenses include, but are not limited to human resources, corporate legal, finance, information technology, and other corporate level related expenses, which are not allocated to any segment. Transfers of raw materials between segments are recorded at cost. The accounting policies of our segments are the same as those described in the summary of significant accounting policies in Note A and in the consolidated financial statements included in our 2025 Annual Report. Our operating results by business segment for the three months ended September 30, 2025 were as follows (in thousands):
|  |  |  |  |  |  |  |  |  |  |  |  |  | Natural |
|  |  |  |  |  |  |  |  |  | Corporate |  |  | Alternatives |
|  | Private-label |  |  | Patent and |  |  | expenses |  |  | International |
|  | contract |  |  | trademark |  |  | not allocated |  |  | Inc. |
|  | manufacturing |  |  | licensing |  |  | to segments |  |  | Consolidated |
Net sales |  | $ | 36,065 |  |  | $ | 1,665 |  |  | $ | - |  |  | $ | 37,730 |
Cost of goods sold |  |  | 32,909 |  |  |  | 424 |  |  |  | - |  |  |  | 33,333 |
Gross profit |  |  | 3,156 |  |  |  | 1,241 |  |  |  | - |  |  |  | 4,397 |
Selling, general and administrative expenses |  |  | 1,353 |  |  |  | 529 |  |  |  | 2,231 |  |  |  | 4,113 |
Income (loss) from operations |  |  | 1,803 |  |  |  | 712 |  |  |  | (2,231 | ) |  |  | 284 |
Other income (expense): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | 30 |  |  |  | - |  |  |  | - |  |  |  | 30 |
Interest expense |  |  | (226 | ) |  |  | - |  |  |  | - |  |  |  | (226 | )
Foreign exchange loss |  |  | (301 | ) |  |  | - |  |  |  | - |  |  |  | (301 | )
Other, net |  |  | 14 |  |  |  | - |  |  |  | - |  |  |  | 14 |
Total other expense |  |  | (483 | ) |  |  | - |  |  |  | - |  |  |  | (483 | )
Income (loss) before income taxes |  |  | 1,320 |  |  |  | 712 |  |  |  | (2,231 | ) |  |  | (199 | )
Provision for income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 92 |
Net loss |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (291 | )
Other supplemental information: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stock-based compensation |  | $ | 162 |  |  | $ | 15 |  |  | $ | - |  |  | $ | 177 |
Depreciation and amortization |  |  | 1,164 |  |  |  | 2 |  |  |  | - |  |  |  | 1,166 |
Capital expenditures |  |  | 1,030 |  |  |  | - |  |  |  | - |  |  |  | 1,030 |
Our operating results by business segment for the three months ended September 30, 2024 were as follows (in thousands):
|  |  |  |  |  |  |  |  |  |  |  |  |  | Natural |
|  |  |  |  |  |  |  |  |  | Corporate |  |  | Alternatives |
|  | Private-label |  |  | Patent and |  |  | expenses |  |  | International |
|  | contract |  |  | trademark |  |  | not allocated |  |  | Inc. |
|  | manufacturing |  |  | licensing |  |  | to segments |  |  | Consolidated |
Net sales |  | $ | 30,630 |  |  | $ | 2,520 |  |  | $ | - |  |  | $ | 33,150 |
Cost of goods sold |  |  | 30,001 |  |  |  | 890 |  |  |  | - |  |  |  | 30,891 |
Gross profit |  |  | 629 |  |  |  | 1,630 |  |  |  | - |  |  |  | 2,259 |
Selling, general and administrative expenses |  |  | 1,274 |  |  |  | 633 |  |  |  | 2,188 |  |  |  | 4,095 |
(Loss) income from operations |  |  | (645 | ) |  |  | 997 |  |  |  | (2,188 | ) |  |  | (1,836 | )
Other income (expense): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | 33 |  |  |  | - |  |  |  | - |  |  |  | 33 |
Interest expense |  |  | (178 | ) |  |  | - |  |  |  | - |  |  |  | (178 | )
Foreign exchange loss |  |  | (431 | ) |  |  | - |  |  |  | - |  |  |  | (431 | )
Other, net |  |  | (1 | ) |  |  | - |  |  |  | - |  |  |  | (1 | )
Total other expense |  |  | (577 | ) |  |  | - |  |  |  | - |  |  |  | (577 | )
(Loss) income before income taxes |  |  | (1,222 | ) |  |  | 997 |  |  |  | (2,188 | ) |  |  | (2,413 | )
Benefit for income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (431 | )
Net loss |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (1,982 | )
Other supplemental information: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stock-based compensation |  | $ | 251 |  |  | $ | 25 |  |  | $ | — |  |  | $ | 276 |
Depreciation and amortization |  |  | 1,125 |  |  |  | 2 |  |  |  | - |  |  |  | 1,127 |
Capital expenditures |  |  | 301 |  |  |  | - |  |  |  | - |  |  |  | 301 |
Total assets by segment were as follows (in thousands):
|  | September 30, 2025 |  |  | June 30, 2025 |
Private-label contract manufacturing |  | $ | 118,144 |  |  | $ | 113,843 |
Patent and trademark licensing |  |  | 38,801 |  |  |  | 38,096 |
Total Assets |  | $ | 156,945 |  |  | $ | 151,939 |

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- Definition The entire disclosure for reporting segments including data and tables. 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