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Segment Information
 12 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Segment Information
Segment Information
 
The Company currently has two reportable business units: Astro Scientific and Astral.
 
Astro Scientific
 
Astro Scientific is a technology incubator that commercializes innovative technologies. Subsidiaries 1st Detect and Astrogenetix currently reside in Astro Scientific:
 
1st Detect - 1st Detect develops, manufactures, and sells chemical analyzers for use in the airport security, military, food and beverage, research, breath analysis, and leak detection markets. Our chemical analyzers can identify chemicals with more accuracy and precision than competing analyzers given their extreme sensitivity and specificity. By leveraging a concept from Oak Ridge National Laboratory and a preliminary design initiated by an engagement with NASA to develop a mass spectrometer for the ISS, the Company developed a chemical analyzer that enables real time analytics that we believe to be significantly smaller, lighter, faster, and less expensive than competing analyzers. The majority of revenue in 1st Detect comes from working as a subcontractor on government contracts. The Company works with prime contractors in adapting our technology to be used in enhancing the government’s detection capabilities for a variety of applications.

Astrogenetix - Astrogenetix is a biotechnology company that is applying a fast-track, on-orbit discovery platform using the ISS to develop vaccines and other therapeutics. NASA has engaged the Center for Vaccine Development at UMD, one of the leading vaccinology institutions in the world, to research the application of a vaccine for Salmonella. NASA is collaborating with UMD, meaning little investment is required of Astrogenetix.
 
Astral

Astral sells film-to-digital conversion, image enhancement, and defect removal and color correction services, providing conversion of television and feature 35mm and 16mm films to the new 4K UHD/HDR format. Astral is positioned to be a leader in the digital conversion and repair of feature films, film-based television series, sporting events shot on film, film libraries, film archives, and consumer media. Film assets will need to go through an upgrade to 4K to remain relevant for over-the-top distribution (Netflix, Amazon, Hulu, etc.) as television manufacturers sell more 4K UHD/HDR televisions and consumer demand for such content accelerates.

All intercompany transactions between business units have been eliminated in consolidation.
 
Key financial metrics of the Company’s segments for the years ended June 30, 2016 and 2015 are as follows:

 
Year Ended  
 June 30, 2016
 
Year Ended  
 June 30, 2015
Revenue and Income
(In thousands)
Revenue
 
Loss before income taxes
 
Revenue
 
Loss before income taxes
Astral
$
1

 
$
(2,610
)
 
$
12

 
$
(560
)
Astro Scientific
2,670

 
(10,849
)
 
501

 
(15,327
)
Total
$
2,671

 
$
(13,459
)
 
$
513

 
$
(15,887
)

 
Year Ended  
 June 30, 2016
 
Year Ended  
 June 30, 2015
Assets
(In thousands)
Fixed
Assets, net
 
Total Assets
 
Fixed
Assets, net
 
Total Assets
Astral
$
2,246

 
$
2,398

 
$
1,885

 
$
2,569

Astro Scientific
1,146

 
28,125

 
1,223

 
41,649

Total
$
3,392

 
$
30,523

 
$
3,108

 
$
44,218


 
Year Ended  
 June 30, 2016
 
Year Ended  
 June 30, 2015
Depreciation & Amortization and Capital Expenditures
(In thousands)
Depreciation & Amortization
 
Total Capital Expenditures
 
Depreciation & Amortization
 
Total Capital Expenditures
Astral
$
127

 
$
487

 
$
11

 
$
1,896

Astro Scientific
398

 
322

 
360

 
372

Total
$
525

 
$
809

 
$
371

 
$
2,268