Segment Information

12 Months Ended

Jun. 30, 2021

(15) Segment Information

The Company currently has three reportable business units: Astrotech Technologies, Inc, 1^st Detect Corporation and AgLAB Inc. The results for the BreathTech business unit are included within ATI, as BreathTech does not meet the threshold for segment reporting.

Astrotech Technologies, Inc.

ATI owns and licenses the intellectual property related to the AMS Technology, the platform mass spectrometry technology originally developed by 1^st Detect.

1^st Detect Corporation

1^st Detect is a manufacturer of explosives and narcotics trace detectors developed for use at airports, cargo and other secured facilities, and borders worldwide.

AgLAB Inc.

AgLAB is developing a series of mass spectrometers for use in the hemp and cannabis market with initial focus on optimizing yields in the extraction and distillation process.

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, 2021 and 2020 are as follows:

	Year Ended June 30, 2021
(In thousands)	Revenue		Depreciation		Loss Before Income Taxes
ATI	$	—	$	16	$	(3,048	)
1st Detect		334		3		(1,223	)
AgLAB		—		36		(3,332	)
Total	$	334	$	55	$	(7,603	)

	Year Ended June 30, 2020
(In thousands)	Revenue		Depreciation		Loss Before Income Taxes
1st Detect	$	488	$	189	$	(6,858	)
AgLAB		—		—		(1,453	)
Total	$	488	$	189	$	(8,311	)

	June 30, 2021
(In thousands)	Fixed Assets, Net		Total Capital Expenditures			Total Assets
ATI	$	166	$	(166	)	$	63,402
1st Detect		60		(8	)		2,086
AgLAB		37		(37	)		145
Total	$	263	$	(211	)	$	65,633

	June 30, 2020
(In thousands)	Fixed Assets, Net		Total Capital Expenditures			Total Assets
1st Detect	$	99	$	—		$	5,930
AgLAB		—		—			—
Total	$	99	$	—		$	5,930

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details