Astrotech (ASTC) 10-Q 11 May 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Mar. 31, 2016	May. 05, 2016
Document And Entity Information [Abstract]
Entity Registrant Name	ASTROTECH Corp
Entity Central Index Key	1,001,907
Trading Symbol	astc
Current Fiscal Year End Date	--06-30
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		20,647,278
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Amendment Flag	false
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,016

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Current assets
Cash and cash equivalents	$ 6,073	$ 2,330
Short-term investments	17,658	23,161
Accounts receivable, net of allowance	314	198
Inventory	1,536	509
Indemnity receivable	0	6,100
Prepaid expenses and other current assets	470	296
Total current assets	26,051	32,594
Property and equipment, net	3,554	3,108
Long-term investments	4,304	8,516
Total assets	33,909	44,218
Current liabilities
Accounts payable	296	398
Accrued liabilities and other	1,517	1,801
Income tax payable	0	190
Total current liabilities	1,813	2,389
Other liabilities	113	101
Total liabilities	$ 1,926	$ 2,490
Commitments and contingencies
Stockholders’ equity
Preferred stock, no par value, convertible, 2,500,000 shares authorized; no shares issued and outstanding, at March 31, 2016 and June 30, 2015	$ 0	$ 0
Common stock, no par value, 75,000,000 shares authorized; 21,776,381 and 21,864,548 shares issued at March 31, 2016 and June 30, 2015, respectively; 20,612,506 and 20,743,973 shares outstanding at March 31, 2016 and June 30, 2015, respectively	189,164	189,007
Treasury stock, 1,163,875 and 1,120,575 shares at cost at March 31, 2016 and June 30, 2015, respectively	(2,789)	(2,672)
Additional paid-in capital	1,420	1,139
Accumulated deficit	(155,654)	(146,022)
Accumulated other comprehensive loss	(189)	(23)
Equity attributable to stockholders of Astrotech Corporation	31,952	41,429
Noncontrolling interest	31	299
Total stockholders’ equity	31,983	41,728
Total liabilities and stockholders’ equity	$ 33,909	$ 44,218

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) - $ / shares	Mar. 31, 2016	Jun. 30, 2015
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0	$ 0
Preferred stock, shares authorized (in shares)	2,500,000	2,500,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	75,000,000	75,000,000
Common stock, shares outstanding (in shares)	21,776,381	20,612,506
Common stock, shares issued (in shares)	21,864,548	20,743,973
Treasury stock, shares at cost (in shares)	1,163,875	1,120,575

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Income Statement [Abstract]
Revenue	$ 196	$ 12	$ 1,123	$ 336
Cost of revenue	354	0	986	281
Gross (loss) profit	(158)	12	137	55
Operating expenses:
Selling, general and administrative	1,875	1,681	5,832	5,653
Research and development	1,903	659	4,493	2,335
Total operating expenses	3,778	2,340	10,325	7,988
Loss from operations	(3,936)	(2,328)	(10,188)	(7,933)
Interest and other expense, net	86	76	279	112
Loss from continuing operations before income taxes	(3,850)	(2,252)	(9,909)	(7,821)
Income tax benefit	11	894	9	2,953
Loss from continuing operations	(3,839)	(1,358)	(9,900)	(4,868)
Discontinued operations
Income from discontinued operations	0	0	0	1,303
Income tax expense	0	(753)	0	(3,315)
Gain on sale of discontinued operations	0	0	0	25,630
(Loss) income from discontinued operations	0	(753)	0	23,618
Net (loss) income	(3,839)	(2,111)	(9,900)	18,750
Less: Net loss attributable to noncontrolling interest	(97)	(11)	(268)	(11)
Net (loss) income attributable to Astrotech Corporation	(3,742)	(2,100)	(9,632)	18,761
Less: Deemed dividend to State of Texas	0	0	0	(531)
Net (loss) income attributable to common stockholders	(3,742)	(2,100)	(9,632)	18,230
Amounts attributable to Astrotech Corporation:
Loss from continuing operations, net of tax	(3,742)	(1,347)	(9,632)	(4,857)
(Loss) income from discontinued operations, net of tax	0	(753)	0	23,618
Net (loss) income attributable to Astrotech Corporation	$ (3,742)	$ (2,100)	$ (9,632)	$ 18,761
Weighted average common shares outstanding:
Basic (in shares)	20,636	19,497	20,681	19,561
Basic net (loss) income per common share:
Net loss attributable to Astrotech Corporation from continuing operations (in dollars per share)	$ (0.18)	$ (0.07)	$ (0.47)	$ (0.28)
Net (loss) income from discontinued operations (in dollars per share)	0	(0.04)	0	1.21
Net (loss) income attributable to Astrotech Corporation (in dollars per share)	$ (0.18)	$ (0.11)	$ (0.47)	$ 0.93
Other comprehensive income, net of tax, available-for-sale securities
Net unrealized gain (loss), net of tax (expense) benefit of ($10), ($5), $63, and ($5)	$ 18	$ 8	$ (117)	$ 8
Reclassification adjustment for realized losses included in net (loss) income, net of taxes of $0, $0, $5, and $0	0	0	9	0
Total comprehensive (loss) income	$ (3,724)	$ (2,092)	$ (9,740)	$ 18,769

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Operations (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Income Statement [Abstract]
Other Comprehensive Income - Tax Effect of reclassification adjustment	$ (10)	$ (5)	$ 63	$ (5)
Other Comprehensive Income - Tax Effect of reclassification adjustment	$ 0	$ 0	$ 5	$ 0

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net (loss) income	$ (9,900)	$ 18,761
Less: Income from discontinued operations	0	(23,618)
Net loss from continuing operations	(9,900)	(4,857)
Adjustments to reconcile net loss from continuing operations to net cash used in operating activities:
Stock-based compensation	422	58
Amortization	54	0
Depreciation	351	229
Changes in assets and liabilities:
Accounts receivable	(116)	(36)
Accounts payable	(102)	(534)
Other assets and liabilities	(1,473)	52
Income taxes payable	(190)	244
Net cash used in operating activities-continuing operations	(10,954)	(4,844)
Net cash used in operating activities-discontinued operations	0	(2,307)
Net cash used in operating activities	(10,954)	(7,151)
Cash flows from investing activities:
Purchase of short-term investments	0	(33,201)
Sale of available-for-sale investments	4,315	0
Maturities of held-to-maturity securities	5,180	0
Purchases of property and equipment	(797)	(1,755)
Net cash provided by (used in) investing activities-continuing operations	8,698	(34,956)
Net cash provided by investing activities-discontinued operations	6,100	53,189
Net cash provided by investing activities	14,798	18,233
Cash flows from financing activities:
Repayment of State of Texas funding, including deemed dividend	0	(2,331)
Payments for shares bought back	(117)	(538)
Minority interest investment in subsidiary	0	165
Proceeds from exercise of stock options	16	112
Net cash used in financing activities-continuing operations	(101)	(2,592)
Net cash used in financing activities-discontinued operations	0	(5,655)
Net cash used in financing activities	(101)	(8,247)
Net change in cash and cash equivalents	3,743	2,835
Cash and cash equivalents at beginning of period	2,330	3,831
Cash and cash equivalents at end of period	6,073	6,666
Supplemental disclosures of cash flow information:
Cash paid for interest	0	63
Income taxes paid	$ 198	$ 0

General Information

General Information	9 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
General Information	General Information Description of the Company – Astrotech Corporation (Nasdaq: ASTC) (“Astrotech,” “the Company,” “we,” “us,” or “our”), a Washington corporation organized in 1984 with headquarters in Austin, Texas, is an innovative science and technology development and commercialization company that invents, acquires, and commercializes technological innovations sourced from research institutions, laboratories, universities, and internally, and then funds, manages, and builds start-up companies for profitable divestiture to market leaders to maximize shareholder value. Basis of Presentation – The accompanying unaudited condensed consolidated financial statements have been prepared by Astrotech Corporation in accordance with United States Generally Accepted Accounting Principles (“GAAP”) for interim financial information and the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. Operating results for the nine months ended March 31, 2016 are not necessarily indicative of the results that may be expected for the year ending June 30, 2016 . These financial statements should be read in conjunction with the financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2015 . Accounting Pronouncements – In November 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-17, “Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes” (“ASU 2015-17”). The amendments in ASU 2015-17 eliminate the current requirement for organizations to present deferred tax liabilities and assets as current and noncurrent in a classified balance sheet. Instead, organizations will be required to classify all deferred tax assets and liabilities as noncurrent. The amendments in this ASU are effective for public companies for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. The amendments may be applied prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. The Company believes that this ASU will not have a material effect on its financial statements. We will adopt this ASU in fiscal year 2017. In January 2016, the FASB issued ASU 2016-01, “Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities” (“ASU 2016-01”). ASU 2016-01 modifies how entities measure equity investments and present changes in the fair value of financial liabilities. Under the new guidance, entities will have to measure equity investments that do not result in consolidation and are not accounted under the equity method at fair value and recognize any changes in fair value in net income unless the investments qualify for the new practicality exception. A practicality exception will apply to those equity investments that do not have a readily determinable fair value and do not qualify for the practical expedient to estimate fair value under Accounting Standards Codification (“ASC”) 820, “Fair Value Measurements”, and as such these investments may be measured at cost. ASU 2016-01 will be effective for the Company’s fiscal year beginning July 1, 2018 and subsequent interim periods. The adoption of ASU 2016-01 is not expected to have an impact on our financial statements. We will adopt this ASU in fiscal year 2019. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)” (“ASU 2016-02”). The new standard establishes a right-of-use (“ROU”) model that requires a lessee to record an ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. The Company is assessing the impact the adoption of ASU 2016-02 will have on its financial statements. In March 2016, the FASB issued ASU 2016-09, “Compensation - Stock Compensation - Improvements to Employee Share-Based Payment Accounting” (“ASU 2016-09”), which involves several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. Under the new standard, income tax benefits and deficiencies are to be recognized as income tax expense or benefit in the income statement and the tax effects of exercised or vested awards should be treated as discrete items in the reporting period in which they occur. An entity should also recognize excess tax benefits regardless of whether the benefit reduces taxes payable in the current period. Excess tax benefits should be classified along with other income tax cash flows as an operating activity. In regards to forfeitures, the entity may make an entity-wide accounting policy election to either estimate the number of awards that are expected to vest or account for forfeitures when they occur. This ASU is effective for fiscal years beginning after December 15, 2016, including interim periods within that reporting period. Early adoption is permitted. The Company decided to early adopt this guideline as of the beginning of the current fiscal year. It did not have a material impact on the Company’s financial statements. Our Business Unit - Astro Scientific Astro Scientific is a technology incubator designed to commercialize innovative technologies. Astro Scientific is currently pursuing three distinct opportunities: 1 st Detect - 1 st Detect develops, manufactures, and sells chemical analyzers for use in the airport security, military, food and beverage, semiconductor, pharmaceutical, research, and environmental 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 the National Aeronautics and Space Administration (“NASA”) to develop a mass spectrometer for the International Space Station, the Company has developed a chemical analyzer that enables real time analytics that we believe to be significantly smaller, lighter, faster, and less expensive than competing analyzers. Our product portfolio currently consists of the following products: • MMS-1000™ - the MMS-1000™ is a small, low power desktop analyzer designed for the laboratory market. • OEM-1000 - the OEM-1000 is an original equipment manufacturer (“OEM”) component that is designed to be integrated into customers’ packaging and enclosures, and is well suited to be integrated with application specific sampling or separation technology. • iONTRAC - the iONTRAC is a process analyzer utilizing an enhanced version of our core technology, which includes continuous 24/7 operational features and the optional addition and integration of gas chromatography. In addition, the majority of revenue in 1 st 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 International Space Station to develop vaccines and other therapeutics. NASA has engaged the Center for Vaccine Development at the University of Maryland (“UMD”), one of the leading vaccinology institutions in the world, to research the application of a vaccine for Salmonella . NASA is providing much of the necessary funding for the research conducted by UMD, meaning little investment is required of Astrogenetix. We have negotiated a Space Act Agreement with NASA for a minimum of twenty-eight additional space flights following the successful filing of the IND application for Salmonella . Astral Images - Astral Images Corp. (“Astral”) was created to commercialize decades of image enhancement research. Astral sells film-to-digital conversion, image enhancement, and defect removal and color correction software, providing economically feasible conversion of television and feature 35mm and 16mm films to the new 4K ultra-high definition (“UHD”), high-dynamic range (“HDR”) format, the standard necessary for the new generation of digital distribution. Due to a significant shift in the film scanning industry, most film assets will need to go through an upgrade to 4K to remain relevant for over-the-top distribution (Netflix, Hulu, etc.) as television manufacturers sell more 4K UHD televisions and consumer demand for such content accelerates. Astral is positioned to be a leader in digital conversion and repair of feature films, film based television series, sporting events shot on film, film libraries, film archives, and consumer media.

Investments

Investments	9 Months Ended
	Mar. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Investments	Investments We use specific identification when determining realized gains and losses on our available-for-sale and held-to-maturity securities. The following tables summarize unrealized gains and losses related to our investments: Available-for-Sale March 31, 2016 (In thousands) Adjusted Unrealized Unrealized Fair Cost Gain Loss Value Mutual Funds - Corporate & Government Debt $ 12,908 $ — $ (189 ) $ 12,719 Total $ 12,908 $ — $ (189 ) $ 12,719 June 30, 2015 Adjusted Unrealized Unrealized Fair Cost Gain Loss Value Mutual Funds - Corporate & Government Debt $ 17,250 $ 6 $ (29 ) $ 17,227 Total $ 17,250 $ 6 $ (29 ) $ 17,227 For information on the unrealized holding losses on available-for-sale investments reclassified out of accumulated other comprehensive (loss) income into the consolidated statements of income, see “Note 10: Other Comprehensive (Loss) Income.” Held-to-Maturity March 31, 2016 (In thousands) Carrying Unrealized Unrealized Fair Value Gain Loss Value Fixed Income Bonds $ 3,510 $ 5 $ (14 ) $ 3,501 Time Deposits 5,733 5 — 5,738 Total $ 9,243 $ 10 $ (14 ) $ 9,239 June 30, 2015 Carrying Unrealized Unrealized Fair Value Gain Loss Value Fixed Income Bonds $ 3,526 $ — $ (32 ) $ 3,494 Time Deposits 10,924 11 (5 ) 10,930 Total $ 14,450 $ 11 $ (37 ) $ 14,424 We have certain financial instruments on our condensed consolidated balance sheet related to interest bearing time deposits and fixed income bonds. These held-to-maturity time deposits are included in “Short-term investments” if the maturities at the end of the reporting period were 360 days or less or “Long-term investments” if the maturities at the end of the reporting period were over 360 days. Fixed income investments, maturing over the next one to four years, are comprised of investment-grade fixed income securities in various corporations with ratings of BBB- or better. The following table presents the carrying amounts of certain financial instruments as of March 31, 2016 and June 30, 2015 : Carrying Value Short-Term Investments Long-Term Investments (In thousands) March 31, 2016 June 30, 2015 March 31, 2016 June 30, 2015 Mutual Funds - Corporate & Government Debt $ 12,719 $ 17,227 $ — $ — Time deposits Maturities from 1-90 days 747 1,496 — — Maturities from 91-360 days 3,939 4,438 — — Maturities over 360 days — — 1,047 4,990 Fixed Income Bonds Maturities less than 1 year 253 — — — Maturities from 1-3 years — — 3,257 2,073 Maturities from 3-5 years — — — 1,453 Total $ 17,658 $ 23,161 $ 4,304 $ 8,516

Discontinued Operations & Gain

Discontinued Operations & Gain on the Sale of the ASO Business Unit	9 Months Ended
	Mar. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations & Gain on the Sale of the ASO Business Unit	Discontinued Operations & Gain on the Sale of the ASO Business Unit In August 2014, the Company completed the sale of substantially all of its assets used in the Company’s former Astrotech Space Operations (“ASO”) business unit (the “Asset Sale”) to Lockheed Martin Corporation (the “Buyer”) for an agreed-upon sales price of $61.0 million , less a working capital adjustment. The net sales price was $59.3 million , which included a working capital adjustment of $1.7 million and an indemnity holdback of $6.1 million . As of March 31, 2016 , the Company has received the full net sales price in cash of $59.3 million . The indemnity holdback was being held in escrow under the terms of an escrow agreement until February 2016 (the 18-month anniversary of the consummation of the transaction). 100% of the indemnity holdback was released on February 25, 2016 and no further claims may be made. The ASO business consisted of (i) ownership, operation, and maintenance of spacecraft processing facilities in Titusville, Florida and Vandenberg Air Force Base, California (“VAFB”); (ii) supporting government and commercial customers processing complex communication, earth observation, and deep space satellite launches; (iii) designing and building spacecraft processing equipment and facilities; and (iv) providing propellant services including designing, building, and testing propellant service equipment for fueling spacecraft. Additionally, as part of the Asset Sale, the Company used a portion of the proceeds to pay off the outstanding balance of its term loan of $5.7 million , which was secured by certain assets of the ASO business. As such, 100% of the interest expense on the debt was allocated to discontinued operations in the amount of $62 thousand for the nine months ended March 31, 2015 . The sale of our former ASO business, which was previously reported within our former ASO business unit segment, resulted in a pre-tax gain of $25.4 million ( $20.6 million after-tax) for the year ended June 30, 2015. The pre-tax gain on this sale reflects the excess of the sum of the cash proceeds received over the net book value of the net assets of the Company’s former ASO business. The total pre-tax gain on the sale for the year ended June 30, 2015, includes the following (in thousands): Cash proceeds from the sale of the ASO business $ 53,189 Receivable for indemnity holdback 6,100 Liabilities assumed by the Buyer 2,478 Net book value of assets sold (36,175 ) Other (156 ) Gain on sale of our former ASO business $ 25,436 Even though we were a party to a transition services agreement that expired on August 22, 2015, we have determined that the continuing cash flows generated by this agreement did not constitute significant continuing involvement in the operations of our former ASO business. As such, the operating results and cash flows related to our former ASO business have been separately reflected as discontinued operations for the quarter and nine months ended March 31, 2015 . The following table provides a reconciliation of the major components of income of our former ASO business to the amounts reported in the condensed consolidated statements of operations (in thousands): Three Months Ended Nine Months Ended 2016 2015 2016 2015 Major line items constituting income of discontinued operations Revenue $ — $ — $ — $ 2,807 Cost of revenue — — — (1,313 ) Selling, general and administrative — — — (128 ) Other expense, net — — — (63 ) Gain on sale of discontinued operations (1) — — — 25,630 Income tax expense — (753 ) — (3,315 ) Gain on discontinued operations $ — $ (753 ) $ — $ 23,618 1. An adjustment of $194 thousand was made during the fourth quarter of fiscal year 2015.

Inventory

Inventory	9 Months Ended
	Mar. 31, 2016
Inventory Disclosure [Abstract]
Inventory	Inventory The following table summarizes the components of our inventory balances: (Dollars in thousands) March 31, 2016 June 30, 2015 Raw materials $ 385 $ 245 Work in process 1,097 30 Finished goods 54 234 Total inventory $ 1,536 $ 509

Noncontrolling Interest

Noncontrolling Interest	9 Months Ended
	Mar. 31, 2016
Noncontrolling Interest [Abstract]
Noncontrolling Interest	Noncontrolling Interest During the third quarter of 2015, Astral was created in conjunction with a noncontrolling interest, resulting in Astrotech owning 72% of Astral; currently, the Company owns 88% of Astral. The Company applies noncontrolling interest accounting, which requires us to clearly identify the noncontrolling interest in the condensed consolidated balance sheets and condensed consolidated statements of operations. We disclose three measures of net income (loss): net income (loss), net income (loss) attributable to noncontrolling interest, and net income (loss) attributable to Astrotech Corporation. Our operating cash flows in our condensed consolidated statements of cash flows reflect net income (loss) while our basic and diluted net income (loss) per share calculations reflect net income (loss) attributable to Astrotech Corporation. The following table breaks down the changes in Stockholders’ Equity for the fiscal year 2016 (in thousands): Astrotech Corp Stockholders' Equity Noncontrolling Interest in Subsidiary Total Stockholders' Equity Balance at June 30, 2015 $ 41,429 $ 299 $ 41,728 Stock based compensation 422 — 422 Exercise of stock options 16 — 16 Shares repurchases (117 ) — (117 ) Net change in available-for-sale securities (166 ) — (166 ) Net loss attributable to Astrotech Corporation (9,632 ) — (9,632 ) Net loss attributable to noncontrolling interest — (268 ) (268 ) Balance at March 31, 2016 $ 31,952 $ 31 $ 31,983

Net (Loss) Income Per Share

Net (Loss) Income Per Share	9 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Net (Loss) Income Per Share	Net (Loss) Income per Share Basic net (loss) income per share is computed on the basis of the weighted average number of shares of common stock outstanding during the period. Diluted net (loss) income per share is computed based on the weighted average number of common shares outstanding plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method and the if-converted method. Dilutive potential common shares include outstanding stock options and share-based awards. The following table reconciles the numerators and denominators used in the computations of both basic and diluted net (loss) income per share (in thousands, except per share data): Three Months Ended Nine Months Ended 2016 2015 2016 2015 Numerator: Amounts attributable to Astrotech Corporation, basic and diluted: Loss from continuing operations before income taxes $ (3,850 ) $ (2,252 ) $ (9,909 ) $ (7,821 ) Income tax benefit 11 894 9 2,953 Loss from continuing operations, net of tax (3,839 ) (1,358 ) (9,900 ) (4,868 ) Less: Net loss attributable to noncontrolling interest (97 ) (11 ) (268 ) (11 ) (Loss) income from discontinued operations, net of tax — (753 ) — 23,618 Net (loss) income attributable to Astrotech Corporation (3,742 ) (2,100 ) (9,632 ) 18,761 Less: State of Texas deemed dividend (Note 12) — — — 531 Net (loss) income attributable to Astrotech Corporation applicable to common shareholders $ (3,742 ) $ (2,100 ) $ (9,632 ) $ 18,230 Denominator: Denominator for basic and diluted net (loss) income per share attributable to Astrotech Corporation — weighted average common stock outstanding 20,636 19,497 20,681 19,561 Basic and diluted net (loss) income per common share: Net loss attributable to Astrotech Corporation from continuing operations $ (0.18 ) $ (0.07 ) $ (0.48 ) $ (0.25 ) Net (loss) income from discontinued operations — (0.04 ) — 1.21 Net (loss) income attributable to Astrotech Corporation applicable to common shareholders $ (0.18 ) $ (0.11 ) $ (0.48 ) $ 0.96 Options to purchase 957,750 shares of common stock at exercise prices ranging from $0.32 to $3.20 per share outstanding for the nine months ended March 31, 2016 were not included in diluted net loss per share, as the inclusion of the potential common shares would have had an anti-dilutive effect on the loss from continuing operations.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Mar. 31, 2016
Revenue Recognition [Abstract]
Revenue Recognition	Revenue Recognition Astrotech recognizes revenue employing several generally accepted revenue recognition methodologies. The methodology used is based on contract type and the manner in which products and services are provided. Revenue for sale of manufactured product is recognized when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when a firm sales contract or invoice is in place, delivery has occurred or services have been provided, and collectability is reasonably assured. Multiple-Deliverable Arrangements The Company enters into fixed-priced subcontracts on government projects that are one to two years long and contain multiple deliverables. The Company analyzes the multiple element arrangements based on the guidance in ASC Topic 605-25, “Revenue Recognition - Multiple Element Arrangements” (“ASC 605-25”). Pursuant to the guidance in ASC 605-25, the Company evaluates multiple element arrangements to determine (i) the deliverables included in the arrangement and (ii) whether the individual deliverables represent separate units of accounting or whether they must be accounted for as a combined unit of accounting. This evaluation involves subjective determinations and requires management to make judgments about the individual deliverables and whether such deliverables are separate from other aspects of the contractual relationship. Deliverables are considered separate units of accounting provided that: (i) the delivered item(s) has value to the customer on a standalone basis and (ii) if the arrangement includes a general right of return relative to the delivered item(s), delivery or performance of the undelivered item(s) is considered probable and substantially within control of the Company. For subcontracts the Company enters into which contain multiple deliverables, we allocate revenue to each unit of accounting based on their relative selling prices. In such circumstances, we use a hierarchy to determine the selling prices to be used for allocating revenue: (i) vendor-specific objective evidence of fair value (“VSOE”), (ii) third-party evidence of selling price (“TPE”), and (iii) best estimate of the selling price (“BESP”). VSOE generally exists only when we sell the deliverable separately and is the price actually charged by us for that deliverable. Due to our recent entrance into the market and lack of any TPE, the Company has only used BESP to date. BESP on a deliverable is determined by using estimated labor hours and materials plus a nominal profit margin consistent with expected margins for these arrangements. The Company’s subcontract agreements do not contain a general right of return relative to any delivered items. We recognize revenue only if collectability is reasonably assured. We record deferred revenues upon invoicing or when cash payments are received in advance of our performance of the underlying agreement on the accompanying consolidated balance sheets.

Debt

Debt	9 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Debt	Debt In October 2010, our former ASO business entered into a financing facility with a commercial bank providing a $7.0 million term loan and a $3.0 million revolving credit facility. The $7.0 million term loan was matured in October 2015 and the $3.0 million revolving credit facility expired in October 2012 . The bank financing facilities were secured by the assets of our former ASO business, including accounts receivable, and required us to comply with designated covenants. On August 22, 2014, the Company used a portion of the proceeds from the Asset Sale to pay off the outstanding balance of its term loan of $5.7 million which is reported in the statement of cash flows as discontinued operations. The Company has no outstanding debt as of March 31, 2016 or June 30, 2015 .

Fair Value Measurement

Fair Value Measurement	9 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurement	Fair Value Measurement The accounting standard for fair value measurements defines fair value, establishes a market-based framework or hierarchy for measuring fair value, and expands disclosures about fair value measurements. The standard is applicable whenever assets and liabilities are measured and included in the financial statements at fair value. The fair value hierarchy established in the standard prioritizes the inputs used in valuation techniques into three levels as follows: Level 1 - Quoted prices in active markets for identical assets or liabilities. Level 2 - Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 - Unobservable inputs that are supported by little or no market activity and are significant to the fair value of the assets or liabilities. The following tables present the carrying amounts, estimated fair values, and valuation input levels of certain financial instruments as of March 31, 2016 and June 30, 2015 : March 31, 2016 Carrying Fair Value Measured Using Fair (in thousands) Amount Level 1 Level 2 Level 3 Value Available-for-Sale Securities Mutual Funds - Corporate & Government Debt $ 12,719 $ 12,719 $ — $ — $ 12,719 Held-to-Maturity Securities Bonds: 0-1 year 253 — 251 — 251 Bonds: 1-3 years 3,257 — 3,250 — 3,250 Bonds: 3-5 years — — — — — Time deposits: 1-90 days 747 — 747 — 747 Time deposits: 91-360 days 3,939 — 3,943 — 3,943 Time deposits: over 360 days 1,047 — 1,048 — 1,048 Total $ 21,962 $ 12,719 $ 9,239 $ — $ 21,958 June 30, 2015 Carrying Fair Value Measured Using Fair (in thousands) Amount Level 1 Level 2 Level 3 Value Available-for-Sale Securities Mutual Funds - Corporate & Government Debt $ 17,227 $ 17,227 $ — $ — $ 17,227 Held-to-Maturity Securities Bonds: 1-3 years 2,073 — 2,057 — 2,057 Bonds: 3-5 years 1,453 — 1,438 — 1,438 Time deposits: 1-90 days 1,496 — 1,496 — 1,496 Time deposits: 91-360 days 4,438 — 4,440 — 4,440 Time deposits: over 360 days 4,990 — 4,993 — 4,993 Total $ 31,677 $ 17,227 $ 14,424 $ — $ 31,651 The value of our available-for-sale investments is based on pricing from third-party pricing vendors, who may use quoted prices in active markets for identical assets (Level 1 inputs). Our held-to-maturity investments are recorded at amortized costs, as management’s intent is to hold such investments until maturity. The fair value of our held-to-maturity investments with maturities less than 90 days is considered the amortized value; the fair value measurements used for bonds and time deposits with maturities greater than 90 days is considered Level 2 and uses pricing from third-party pricing vendors who use quoted prices for identical or similar securities in both active and inactive markets.

Other Comprehensive (Loss) Inco

Other Comprehensive (Loss) Income	9 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Other Comprehensive (Loss) Income	Other Comprehensive (Loss) Income Changes in the balances of each component included in accumulated other comprehensive (loss) income (“accumulated OCI”) for the nine months ended March 31, 2016 , are presented below (amounts are pre-tax). (In thousands) Accumulated Other Comprehensive (Loss) Income Unrealized Gain in Mutual Fund Investments Balance at June 30, 2015 $ (23 ) Current period change in other comprehensive (loss) income before reclassifications (166 ) Reclassification to net (loss) income for realized losses — Balance at March 31, 2016 $ (189 )

Business Risk and Credit Risk C

Business Risk and Credit Risk Concentration Involving Cash	9 Months Ended
	Mar. 31, 2016
Risks and Uncertainties [Abstract]
Business Risk and Credit Risk Concentration Involving Cash	Business Risk and Credit Risk Concentration Involving Cash For the current fiscal year 2016 , the Company has three customers that together comprise 100% of the Company’s revenue. All of the Company’s revenue during fiscal year 2015 came from one customer. The following tables summarize the concentrations of sales and accounts receivable percentages for our three customers: Three Months Ended Three Months Ended Percentage of Total Sales Percentage of Total Sales Battelle Memorial Institute 11 % 100 % Smiths Detection Inc. 89 % — % A Japanese Aerospace Company — % — % Total 100 % 100 % Nine Months Ended Nine Months Ended Percentage of Total Sales Percentage of Total Sales Battelle Memorial Institute 59 % 100 % Smiths Detection Inc. 20 % — % A Japanese Aerospace Company 21 % — % Total 100 % 100 % March 31, 2016 June 30, 2015 Percentage of Total A/R Percentage of Total A/R Battelle Memorial Institute — % — % Smiths Detection Inc. 79 % — % A Japanese Aerospace Company — % — % Total 79 % — % As of June 30, 2015 , no customer comprised a material amount of accounts receivable. The Company maintains funds in bank accounts that may exceed the limit insured by the Federal Deposit Insurance Corporation (“FDIC”) of $250,000 per depositor. The risk of loss attributable to these uninsured balances is mitigated by depositing funds in what we believe to be high credit quality financial institutions. The Company has not experienced any losses in such accounts.

State of Texas Funding

State of Texas Funding	9 Months Ended
	Mar. 31, 2016
State Of Texas Funding [Abstract]
State of Texas Funding	State of Texas Funding In March 2010, the Texas Emerging Technology Fund awarded 1 st Detect $1.8 million for the development and marketing of the Miniature Chemical Detector, a portable mass spectrometer designed to provide mass spectrometry analytics in real time for explosive device detection in airports and the battlefield, industrial quality and process control, environmental field applications, and laboratory research. In exchange for the award, 1 st Detect granted a common stock purchase right and a note payable to the State of Texas. The economic substance of the transaction was that the State of Texas had purchased shares of 1 st Detect in exchange for the granted award. The note, which was treated economically as purchased shares and reflected in the equity section of the condensed consolidated balance sheet, equaled the disbursements to 1 st Detect to date and accrued interest at 8% per year. On August 28, 2014, 1 st Detect settled the funding and common stock repurchase right with a payment of $2.3 million . The Company has accounted for the difference between the $2.3 million paid and the $1.8 million received as a deemed dividend in its calculation of earnings per share (see Note 6: Net Income (Loss) per Share).

Common Stock Incentive, Stock P

Common Stock Incentive, Stock Purchase Plans and Other Compensation Plans	9 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Common Stock Incentive, Stock Purchase Plans and Other Compensation Plans	Common Stock Incentive, Stock Purchase Plans, and Other Compensation Plans Stock Option Activity Summary The Company’s stock option activity for the nine months ended March 31, 2016 is as follows: Shares Weighted Average Exercise Price Outstanding at June 30, 2015 1,127,750 $ 1.53 Granted 170,000 1.50 Exercised (16,000 ) 1.09 Canceled or expired (324,000 ) 2.56 Outstanding at March 31, 2016 957,750 $ 1.18 The aggregate intrinsic value of options exercisable at March 31, 2016 was $0.6 million as the fair value of the Company’s common stock is more than the exercise prices of these options. The aggregate fair value of all options outstanding at March 31, 2016 was $0.9 million . The table below details the Company’s stock options outstanding as of March 31, 2016 : Range of exercise prices Number Outstanding Options Outstanding Weighted- Average Remaining Contractual Life (years) Weighted- Average Exercise Price Number Exercisable Options Exercisable Weighted- Average Exercise Price $0.32 – 0.71 432,750 4.40 $ 0.60 432,705 $ 0.60 $1.20 – 1.50 430,000 7.78 1.32 430,000 1.32 $3.20 – 3.20 95,000 9.02 3.20 — — $0.32 – 3.20 957,750 6.38 $ 1.18 862,705 $ 0.86 Compensation costs recognized related to stock option awards were $190 thousand and $9 thousand for the three months ended March 31, 2016 and 2015 , respectively, and $265 thousand and $58 thousand for the nine months ended March 31, 2016 and 2015 , respectively. Restricted Stock No restricted stock was granted, vested, or expired during the nine months ended March 31, 2016 . 104,167 shares of restricted stock were canceled during the nine months ended March 31, 2016 . Stock compensation expense related to restricted stock was $(21) thousand and $0 for the three months ended March 31, 2016 and 2015 , respectively, and $157 thousand and $0 for the nine months ended March 31, 2016 and 2015 , respectively. Treasury Stock On December 12, 2014, the Board of Directors amended the stock repurchase program to allow for the repurchase of up to $5 million more treasury shares until December 31, 2015. On December 3, 2015, our Board of Directors authorized the extension of the share repurchase program through December 31, 2016. Treasury share repurchases for the nine months ended March 31, 2016 were 43 thousand shares at a cost of $117 thousand . During the nine months ended March 31, 2015 , the Company repurchased 213 thousand shares at a cost of $538 thousand . As of March 31, 2016 , we have repurchased a total of 1.2 million shares at a cost of $2.8 million .

Income Taxes

Income Taxes	9 Months Ended
	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company accounts for income taxes under the asset and liability method. Deferred tax assets and liabilities are recognized for the expected tax consequences of temporary differences between the tax bases of assets and liabilities and their reported amounts. Valuation allowances are established, when necessary, to reduce deferred tax assets to amounts that are more likely than not to be realized. As of March 31, 2016 , the Company established a full valuation allowance against all of its net deferred tax assets. To the extent that a loss from continuing operations can be utilized to offset the income otherwise resulting from discontinued operations, it has been recognized as a tax benefit from continuing operations. To the extent that a loss or credit carryover can be utilized to offset the income from discontinued operations, it has been recognized as a tax benefit from discontinued operations. For the three months ended March 31, 2016 and 2015 , the Company incurred pre-tax losses from continuing operations in the amount of $3.9 million and $2.3 million , respectively. For the nine months ended March 31, 2016 and 2015 , the Company incurred pre-tax losses from continuing operations in the amount of $9.9 million and $7.8 million , respectively. The total effective tax rate for continuing operations was approximately 0% and 38% for the nine months ended March 31, 2016 and 2015 , respectively. For the nine months ended March 31, 2016 , the Company’s effective tax rate differed from the federal statutory rate of 35% , primarily due to recording changes to the valuation allowance placed against its net deferred tax assets. FASB ASC 740, “Income Taxes” (“FASB ASC 740”) addresses the accounting for uncertainty in income tax recognized in an entity’s financial statements and prescribes a recognition threshold and measurement attribute for financial statement disclosure of tax positions taken or expected to be taken on a tax return. The Company has an unrecognized tax benefit of $0.1 million for the nine months ended March 31, 2016 and 2015 . Loss carryovers are generally subject to modification by tax authorities until three years after they have been utilized; as such, the Company is subject to examination for the fiscal years ended 2000 through present for federal purposes and fiscal years ended 2006 through present for state purposes. The reason for this extended examination period is due to the utilization of the loss carryovers generated by the sale of our ASO business unit in fiscal year 2015.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Company is subject to various lawsuits and other claims in the normal course of business. In addition, from time to time, the Company receives communications from government or regulatory agencies concerning investigations or allegations of noncompliance with laws or regulations in jurisdictions in which the Company operates. The Company establishes reserves for the estimated losses on specific contingent liabilities, for regulatory and legal actions where the Company deems a loss to be probable and the amount of the loss can be reasonably estimated. In other instances, the Company is not able to make a reasonable estimate of liability because of the uncertainties related to the outcome or the amount or range of potential loss. Litigation, Investigations, and Audits – We are not party to, nor are our properties the subject of, any material pending legal proceedings, other than as set forth below: Astrotech was previously named as a party to a suit filed in the Circuit Court of the Eighteenth Judicial Circuit for Brevard County, Florida. This was an action for foreclosure of certain real estate and for debt. The Company was named as a party because it held an inferior lien against the property at issue and had to be named in the foreclosure action. No monetary relief was requested from Astrotech. In July 2014, the Company received a lump sum payment of $50 thousand , less legal fees, along with a release of liability in exchange for a release of its inferior mortgage. In October 2014, the underlying lawsuit was voluntarily dismissed and the case was closed.

Investments (Tables)

Investments (Tables)	9 Months Ended
	Mar. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Schedule of available-for-sale securities	The following tables summarize unrealized gains and losses related to our investments: Available-for-Sale March 31, 2016 (In thousands) Adjusted Unrealized Unrealized Fair Cost Gain Loss Value Mutual Funds - Corporate & Government Debt $ 12,908 $ — $ (189 ) $ 12,719 Total $ 12,908 $ — $ (189 ) $ 12,719 June 30, 2015 Adjusted Unrealized Unrealized Fair Cost Gain Loss Value Mutual Funds - Corporate & Government Debt $ 17,250 $ 6 $ (29 ) $ 17,227 Total $ 17,250 $ 6 $ (29 ) $ 17,227
Schedule of held-to-maturity securities	The following table presents the carrying amounts of certain financial instruments as of March 31, 2016 and June 30, 2015 : Carrying Value Short-Term Investments Long-Term Investments (In thousands) March 31, 2016 June 30, 2015 March 31, 2016 June 30, 2015 Mutual Funds - Corporate & Government Debt $ 12,719 $ 17,227 $ — $ — Time deposits Maturities from 1-90 days 747 1,496 — — Maturities from 91-360 days 3,939 4,438 — — Maturities over 360 days — — 1,047 4,990 Fixed Income Bonds Maturities less than 1 year 253 — — — Maturities from 1-3 years — — 3,257 2,073 Maturities from 3-5 years — — — 1,453 Total $ 17,658 $ 23,161 $ 4,304 $ 8,516 Held-to-Maturity March 31, 2016 (In thousands) Carrying Unrealized Unrealized Fair Value Gain Loss Value Fixed Income Bonds $ 3,510 $ 5 $ (14 ) $ 3,501 Time Deposits 5,733 5 — 5,738 Total $ 9,243 $ 10 $ (14 ) $ 9,239 June 30, 2015 Carrying Unrealized Unrealized Fair Value Gain Loss Value Fixed Income Bonds $ 3,526 $ — $ (32 ) $ 3,494 Time Deposits 10,924 11 (5 ) 10,930 Total $ 14,450 $ 11 $ (37 ) $ 14,424

Discontinued Operations & Gai23

Discontinued Operations & Gain on the Sale of the ASO Business Unit (Tables)	9 Months Ended
	Mar. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
Schedule of disposed of major amounts reported in consolidated statements of operation	The following table provides a reconciliation of the major components of income of our former ASO business to the amounts reported in the condensed consolidated statements of operations (in thousands): Three Months Ended Nine Months Ended 2016 2015 2016 2015 Major line items constituting income of discontinued operations Revenue $ — $ — $ — $ 2,807 Cost of revenue — — — (1,313 ) Selling, general and administrative — — — (128 ) Other expense, net — — — (63 ) Gain on sale of discontinued operations (1) — — — 25,630 Income tax expense — (753 ) — (3,315 ) Gain on discontinued operations $ — $ (753 ) $ — $ 23,618 1. An adjustment of $194 thousand was made during the fourth quarter of fiscal year 2015. The total pre-tax gain on the sale for the year ended June 30, 2015, includes the following (in thousands): Cash proceeds from the sale of the ASO business $ 53,189 Receivable for indemnity holdback 6,100 Liabilities assumed by the Buyer 2,478 Net book value of assets sold (36,175 ) Other (156 ) Gain on sale of our former ASO business $ 25,436

Inventory (Tables)

Inventory (Tables)	9 Months Ended
	Mar. 31, 2016
Inventory Disclosure [Abstract]
Schedule of inventory	The following table summarizes the components of our inventory balances: (Dollars in thousands) March 31, 2016 June 30, 2015 Raw materials $ 385 $ 245 Work in process 1,097 30 Finished goods 54 234 Total inventory $ 1,536 $ 509

Noncontrolling Interest (Tables

Noncontrolling Interest (Tables)	9 Months Ended
	Mar. 31, 2016
Noncontrolling Interest [Abstract]
Schedule of changes in stockholders equity	The following table breaks down the changes in Stockholders’ Equity for the fiscal year 2016 (in thousands): Astrotech Corp Stockholders' Equity Noncontrolling Interest in Subsidiary Total Stockholders' Equity Balance at June 30, 2015 $ 41,429 $ 299 $ 41,728 Stock based compensation 422 — 422 Exercise of stock options 16 — 16 Shares repurchases (117 ) — (117 ) Net change in available-for-sale securities (166 ) — (166 ) Net loss attributable to Astrotech Corporation (9,632 ) — (9,632 ) Net loss attributable to noncontrolling interest — (268 ) (268 ) Balance at March 31, 2016 $ 31,952 $ 31 $ 31,983

Net (Loss) Income Per Share (Ta

Net (Loss) Income Per Share (Tables)	9 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Schedule of earnings per share basic and diluted	The following table reconciles the numerators and denominators used in the computations of both basic and diluted net (loss) income per share (in thousands, except per share data): Three Months Ended Nine Months Ended 2016 2015 2016 2015 Numerator: Amounts attributable to Astrotech Corporation, basic and diluted: Loss from continuing operations before income taxes $ (3,850 ) $ (2,252 ) $ (9,909 ) $ (7,821 ) Income tax benefit 11 894 9 2,953 Loss from continuing operations, net of tax (3,839 ) (1,358 ) (9,900 ) (4,868 ) Less: Net loss attributable to noncontrolling interest (97 ) (11 ) (268 ) (11 ) (Loss) income from discontinued operations, net of tax — (753 ) — 23,618 Net (loss) income attributable to Astrotech Corporation (3,742 ) (2,100 ) (9,632 ) 18,761 Less: State of Texas deemed dividend (Note 12) — — — 531 Net (loss) income attributable to Astrotech Corporation applicable to common shareholders $ (3,742 ) $ (2,100 ) $ (9,632 ) $ 18,230 Denominator: Denominator for basic and diluted net (loss) income per share attributable to Astrotech Corporation — weighted average common stock outstanding 20,636 19,497 20,681 19,561 Basic and diluted net (loss) income per common share: Net loss attributable to Astrotech Corporation from continuing operations $ (0.18 ) $ (0.07 ) $ (0.48 ) $ (0.25 ) Net (loss) income from discontinued operations — (0.04 ) — 1.21 Net (loss) income attributable to Astrotech Corporation applicable to common shareholders $ (0.18 ) $ (0.11 ) $ (0.48 ) $ 0.96

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	9 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Schedule of fair value of financial instruments	The following tables present the carrying amounts, estimated fair values, and valuation input levels of certain financial instruments as of March 31, 2016 and June 30, 2015 : March 31, 2016 Carrying Fair Value Measured Using Fair (in thousands) Amount Level 1 Level 2 Level 3 Value Available-for-Sale Securities Mutual Funds - Corporate & Government Debt $ 12,719 $ 12,719 $ — $ — $ 12,719 Held-to-Maturity Securities Bonds: 0-1 year 253 — 251 — 251 Bonds: 1-3 years 3,257 — 3,250 — 3,250 Bonds: 3-5 years — — — — — Time deposits: 1-90 days 747 — 747 — 747 Time deposits: 91-360 days 3,939 — 3,943 — 3,943 Time deposits: over 360 days 1,047 — 1,048 — 1,048 Total $ 21,962 $ 12,719 $ 9,239 $ — $ 21,958 June 30, 2015 Carrying Fair Value Measured Using Fair (in thousands) Amount Level 1 Level 2 Level 3 Value Available-for-Sale Securities Mutual Funds - Corporate & Government Debt $ 17,227 $ 17,227 $ — $ — $ 17,227 Held-to-Maturity Securities Bonds: 1-3 years 2,073 — 2,057 — 2,057 Bonds: 3-5 years 1,453 — 1,438 — 1,438 Time deposits: 1-90 days 1,496 — 1,496 — 1,496 Time deposits: 91-360 days 4,438 — 4,440 — 4,440 Time deposits: over 360 days 4,990 — 4,993 — 4,993 Total $ 31,677 $ 17,227 $ 14,424 $ — $ 31,651

Other Comprehensive (Loss) In28

Other Comprehensive (Loss) Income (Tables)	9 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Schedule of accumulated other comprehensive (loss) income	(In thousands) Accumulated Other Comprehensive (Loss) Income Unrealized Gain in Mutual Fund Investments Balance at June 30, 2015 $ (23 ) Current period change in other comprehensive (loss) income before reclassifications (166 ) Reclassification to net (loss) income for realized losses — Balance at March 31, 2016 $ (189 )

Business Risk and Credit Risk29

Business Risk and Credit Risk Concentration Involving Cash (Tables)	9 Months Ended
	Mar. 31, 2016
Risks and Uncertainties [Abstract]
Schedule of concentrations of sales and accounts receivable	The following tables summarize the concentrations of sales and accounts receivable percentages for our three customers: Three Months Ended Three Months Ended Percentage of Total Sales Percentage of Total Sales Battelle Memorial Institute 11 % 100 % Smiths Detection Inc. 89 % — % A Japanese Aerospace Company — % — % Total 100 % 100 % Nine Months Ended Nine Months Ended Percentage of Total Sales Percentage of Total Sales Battelle Memorial Institute 59 % 100 % Smiths Detection Inc. 20 % — % A Japanese Aerospace Company 21 % — % Total 100 % 100 % March 31, 2016 June 30, 2015 Percentage of Total A/R Percentage of Total A/R Battelle Memorial Institute — % — % Smiths Detection Inc. 79 % — % A Japanese Aerospace Company — % — % Total 79 % — %

Common Stock Incentive, Stock30

Common Stock Incentive, Stock Purchase Plans and Other Compensation Plans (Tables)	9 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of stock option activity	The Company’s stock option activity for the nine months ended March 31, 2016 is as follows: Shares Weighted Average Exercise Price Outstanding at June 30, 2015 1,127,750 $ 1.53 Granted 170,000 1.50 Exercised (16,000 ) 1.09 Canceled or expired (324,000 ) 2.56 Outstanding at March 31, 2016 957,750 $ 1.18
Schedule of stock options by exercise price	The table below details the Company’s stock options outstanding as of March 31, 2016 : Range of exercise prices Number Outstanding Options Outstanding Weighted- Average Remaining Contractual Life (years) Weighted- Average Exercise Price Number Exercisable Options Exercisable Weighted- Average Exercise Price $0.32 – 0.71 432,750 4.40 $ 0.60 432,705 $ 0.60 $1.20 – 1.50 430,000 7.78 1.32 430,000 1.32 $3.20 – 3.20 95,000 9.02 3.20 — — $0.32 – 3.20 957,750 6.38 $ 1.18 862,705 $ 0.86

General Information (Detail Tex

General Information (Detail Textuals)	9 Months Ended
	Mar. 31, 2016Shuttle_Mission
Astrogenetix
Related Party Transaction [Line Items]
Minimum number of space flights negotiated	28

Investments - Available for Sal

Investments - Available for Sale and Held to Maturity Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Available-for-sale Securities [Abstract]
Adjusted Cost	$ 12,908	$ 17,250
Unrealized Gain	0	6
Unrealized Loss	(189)	(29)
Fair Value	12,719	17,227
Held-to-maturity Securities [Abstract]
Carrying Value	9,243	14,450
Unrealized Gain	10	11
Unrealized Loss	(14)	(37)
Fair Value	9,239	14,424
Mutual Funds - Corporate & Government Debt
Available-for-sale Securities [Abstract]
Adjusted Cost	12,908	17,250
Unrealized Gain	0	6
Unrealized Loss	(189)	(29)
Fair Value	12,719	17,227
Fixed Income Bonds
Held-to-maturity Securities [Abstract]
Carrying Value	3,510	3,526
Unrealized Gain	5	0
Unrealized Loss	(14)	(32)
Fair Value	3,501	3,494
Time Deposits
Held-to-maturity Securities [Abstract]
Carrying Value	5,733	10,924
Unrealized Gain	5	11
Unrealized Loss	0	(5)
Fair Value	$ 5,738	$ 10,930

Investments - Carrying Value (D

Investments - Carrying Value (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Schedule of Held-to-maturity Securities [Line Items]
Available-for-sale securities, current	$ 12,719	$ 17,227
Held-to-maturity securities, maturities from 1-90 days	747	1,496
Held-to-maturity securities, maturities from 91-360 days	3,939	4,438
Held-to-maturity securities, maturities over 360 days	1,047	4,990
Held-to-maturity securities, maturities less than 1 year	253
Held-to-maturity securities, remaining maturities from 1-3 years	3,257	2,073
Held-to-maturity securities, remaining maturities from 3-5 years		1,453
Held-to-maturity securities	9,243	14,450
Short-Term Investments
Schedule of Held-to-maturity Securities [Line Items]
Total available-for-sale and held-to-maturity securities	17,658	23,161
Long-Term Investments
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities	4,304	8,516
Mutual Funds - Corporate & Government Debt
Schedule of Held-to-maturity Securities [Line Items]
Available-for-sale securities, current	12,719	17,227
Mutual Funds - Corporate & Government Debt | Short-Term Investments
Schedule of Held-to-maturity Securities [Line Items]
Available-for-sale securities, current	12,719	17,227
Time Deposits
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities	5,733	10,924
Time Deposits | Short-Term Investments
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities, maturities from 1-90 days	747	1,496
Held-to-maturity securities, maturities from 91-360 days	3,939	4,438
Time Deposits | Long-Term Investments
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities, maturities over 360 days	1,047	4,990
Fixed Income Bonds
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities	3,510	3,526
Fixed Income Bonds | Short-Term Investments
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities, maturities less than 1 year	253
Fixed Income Bonds | Long-Term Investments
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity securities, remaining maturities from 1-3 years	$ 3,257	2,073
Held-to-maturity securities, remaining maturities from 3-5 years		$ 1,453

Discontinued Operations & Gai34

Discontinued Operations & Gain on the Sale of the ASO Business Unit (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015	Jun. 30, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Receivable for indemnity holdback	$ 0		$ 0		$ 6,100
Astrotech Space Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash proceeds from the sale of the ASO business	59,300		59,300		53,189
Receivable for indemnity holdback	6,100		6,100		6,100
Liabilities assumed by the Buyer					2,478
Net book value of assets sold					(36,175)
Other					(156)
Gain on sale of our former ASO business	$ 0	$ 0	$ 0	$ 25,630	$ 25,436

Discontinued Operations & Gai35

Discontinued Operations & Gain on the Sale of the ASO Business Unit (Details 1) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended		12 Months Ended
	Mar. 31, 2016	Jun. 30, 2015	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015	Jun. 30, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income tax expense	$ 0		$ (753)	$ 0	$ (3,315)
(Loss) income from discontinued operations	0		(753)	0	23,618
Astrotech Space Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue	0		0	0	2,807
Cost of revenue	0		0	0	(1,313)
Selling, general and administrative	0		0	0	(128)
Other expense, net	0		0	0	(63)
Gain on sale of discontinued operations	0		0	0	25,630	$ 25,436
Income tax expense	0		(753)	0	(3,315)
(Loss) income from discontinued operations	$ 0		$ (753)	$ 0	$ 23,618
Adjustment | Astrotech Space Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
(Loss) income from discontinued operations		$ 194

Discontinued Operations & Gai36

Discontinued Operations & Gain on the Sale of the ASO Business Unit (Detail Textuals) - USD ($) $ in Thousands	Aug. 22, 2014	Aug. 31, 2014	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015	Jun. 30, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Indemnity holdback			$ 0		$ 0		$ 6,100
Interest expense, debt						$ 62
Gain on sale of discontinued operations, net of tax			0	$ 0	0	25,630
Astrotech Space Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sale of business unit		$ 61,000
Cash proceeds from the sale of the ASO business			59,300		59,300		53,189
Working capital			1,700		1,700
Indemnity holdback			6,100		6,100		6,100
Gain on sale of discontinued operations			$ 0	$ 0	$ 0	$ 25,630	25,436
Gain on sale of discontinued operations, net of tax							$ 20,600
Astrotech Space Operations | Term Loan
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Payment of outstanding balance of term loan	$ 5,700	$ 5,700

Inventory (Details)

Inventory (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Inventory Disclosure [Abstract]
Raw materials	$ 385	$ 245
Work in process	1,097	30
Finished goods	54	234
Total inventory	$ 1,536	$ 509

Noncontrolling Interest (Detail

Noncontrolling Interest (Detail Textuals)	Mar. 31, 2016	Mar. 31, 2015
Astral Images, Inc
Noncontrolling Interest [Line Items]
Ownership percentage	88.00%	72.00%

Noncontrolling Interest - Chang

Noncontrolling Interest - Changes in Equity (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance			$ 41,728
Stock based compensation			422
Exercise of stock options			16
Shares repurchases			(117)
Net change in available-for-sale securities			(166)
Net (loss) income	$ (3,742)	$ (2,100)	(9,632)	$ 18,761
Net loss attributable to noncontrolling interest	(97)	$ (11)	(268)	$ (11)
Balance	31,983		31,983
Astrotech Corp Stockholders' Equity
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance			41,429
Stock based compensation			422
Exercise of stock options			16
Shares repurchases			(117)
Net change in available-for-sale securities			(166)
Net (loss) income			(9,632)
Balance	31,952		31,952
Noncontrolling Interest in Subsidiary
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance			299
Net loss attributable to noncontrolling interest			(268)
Balance	$ 31		$ 31

Net (Loss) Income Per Share (De

Net (Loss) Income Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Amounts attributable to Astrotech Corporation, basic and diluted:
Loss from continuing operations before income taxes	$ (3,850)	$ (2,252)	$ (9,909)	$ (7,821)
Income tax benefit	11	894	9	2,953
Loss from continuing operations	(3,839)	(1,358)	(9,900)	(4,868)
Less: Net loss attributable to noncontrolling interest	(97)	(11)	(268)	(11)
(Loss) income from discontinued operations, net of tax	0	(753)	0	23,618
Net (loss) income attributable to Astrotech Corporation	(3,742)	(2,100)	(9,632)	18,761
Less: State of Texas deemed dividend (Note 12)	0	0	0	531
Net (loss) income attributable to common stockholders	$ (3,742)	$ (2,100)	$ (9,632)	$ 18,230
Denominator:
Denominator for basic and diluted net (loss) income per share attributable to Astrotech Corporation — weighted average common stock outstanding (in shares)	20,636	19,497	20,681	19,561
Basic and diluted net (loss) income per common share:
Net loss attributable to Astrotech Corporation from continuing operations (in dollars per share)	$ (0.18)	$ (0.07)	$ (0.48)	$ (0.25)
Net income from discontinued operations (in dollars per share)	0	(0.04)	0	1.21
Net (loss) income attributable to Astrotech Corporation (in dollars per share)	$ (0.18)	$ (0.11)	$ (0.48)	$ 0.96

Net (Loss) Income Per Share (41

Net (Loss) Income Per Share (Detail Textuals)	9 Months Ended
	Mar. 31, 2016$ / sharesshares
Earnings Per Share [Abstract]
Options to purchase shares (in shares) | shares	957,750
Exercise price lower range (in dollars per share)	$ 0.32
Exercise price upper range (in dollars per share)	$ 3.20

Revenue Recognition (Details)

Revenue Recognition (Details)	9 Months Ended
	Mar. 31, 2016
Minimum
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Fixed price subcontract on government project, term	1 year
Maximum
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Fixed price subcontract on government project, term	2 years

Debt (Detail Textuals)

Debt (Detail Textuals) - USD ($)	Aug. 22, 2014	Aug. 31, 2014	Mar. 31, 2016	Jun. 30, 2015	Oct. 31, 2010
Credit Facility [Line Items]
Outstanding debt			$ 0	$ 0
Term Loan
Credit Facility [Line Items]
Credit facility, maximum borrowing capacity					$ 7,000,000
Credit facility expiration date			Oct. 31, 2015
Term Loan | Astrotech Space Operations
Credit Facility [Line Items]
Payment of outstanding balance of term loan	$ 5,700,000	$ 5,700,000
Revolving Credit Facility
Credit Facility [Line Items]
Credit facility, maximum borrowing capacity					$ 3,000,000
Credit facility expiration date			Oct. 31, 2012

Fair Value Measurement (Details

Fair Value Measurement (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mutual funds	$ 12,719	$ 17,227
Mutual funds, fair value	12,719	17,227
Held-to-maturity securities, maturities less than 1 year	253
Held-to-maturity securities, maturities less than 1 year, fair value	251
Held-to-maturity securities, remaining maturities from 1-3 years	3,257	2,073
Held-to-maturity securities, remaining maturities from 1-3 years, fair value	3,250	2,057
Held-to-maturity securities, remaining maturities from 3-5 years		1,453
Held-to-maturity securities, remaining maturities from 3-5 years, fair value		1,438
Held-to-maturity securities, maturities from 1-90 days	747	1,496
Held-to-maturity securities, maturities from 1-90 days, fair value	747	1,496
Held-to-maturity securities, maturities from 91-360 days	3,939	4,438
Held-to-maturity securities, maturities from 91-360 days, fair value	3,943	4,440
Held-to-maturity securities, maturities over 360 days	1,047	4,990
Held-to-maturity securities, maturities over 360 days, fair value	1,048	4,993
Investments	21,962	31,677
Investments, fair value	21,958	31,651
Fair Value Inputs Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mutual funds, fair value	12,719	17,227
Investments, fair value	12,719	17,227
Fair Value Inputs Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Held-to-maturity securities, maturities less than 1 year, fair value	251
Held-to-maturity securities, remaining maturities from 1-3 years, fair value	3,250	2,057
Held-to-maturity securities, remaining maturities from 3-5 years, fair value		1,438
Held-to-maturity securities, maturities from 1-90 days, fair value	747	1,496
Held-to-maturity securities, maturities from 91-360 days, fair value	3,943	4,440
Held-to-maturity securities, maturities over 360 days, fair value	1,048	4,993
Investments, fair value	$ 9,239	$ 14,424

Other Comprehensive (Loss) In45

Other Comprehensive (Loss) Income (Details) $ in Thousands	9 Months Ended
	Mar. 31, 2016USD ($)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance	$ (23)
Current period change in other comprehensive (loss) income before reclassifications	(166)
Reclassification to net (loss) income for realized losses	0
Balance	$ (189)

Business Risk and Credit Risk46

Business Risk and Credit Risk Concentration Involving Cash (Details) - Customer concentration risk	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015	Jun. 30, 2015
Revenue
Concentration Risk [Line Items]
Concentration risk, percentage	100.00%	100.00%	100.00%	100.00%
Accounts receivable
Concentration Risk [Line Items]
Concentration risk, percentage			79.00%		0.00%
Battelle Memorial Institute | Revenue
Concentration Risk [Line Items]
Concentration risk, percentage	11.00%	100.00%	59.00%	100.00%
Battelle Memorial Institute | Accounts receivable
Concentration Risk [Line Items]
Concentration risk, percentage			0.00%		0.00%
Smiths Detection Inc. | Revenue
Concentration Risk [Line Items]
Concentration risk, percentage	89.00%	0.00%	20.00%	0.00%
Smiths Detection Inc. | Accounts receivable
Concentration Risk [Line Items]
Concentration risk, percentage			79.00%		0.00%
A Japanese Aerospace Company | Revenue
Concentration Risk [Line Items]
Concentration risk, percentage	0.00%	0.00%	21.00%	0.00%
A Japanese Aerospace Company | Accounts receivable
Concentration Risk [Line Items]
Concentration risk, percentage			0.00%		0.00%

Business Risk and Credit Risk47

Business Risk and Credit Risk Concentration Involving Cash (Detail Textuals)	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2016USD ($)	Mar. 31, 2015	Mar. 31, 2016USD ($)customer	Mar. 31, 2015customer	Jun. 30, 2015
Concentration Risk [Line Items]
FDIC insurance amount per depositor | $	$ 250,000		$ 250,000
Revenue | Customer concentration risk
Concentration Risk [Line Items]
Number of customers | customer			3	1
Concentration risk, percentage	100.00%	100.00%	100.00%	100.00%
Accounts receivable | Customer concentration risk
Concentration Risk [Line Items]
Concentration risk, percentage			79.00%		0.00%

State of Texas Funding (Detail

State of Texas Funding (Detail Textuals) - USD ($) $ in Millions	Aug. 28, 2014	Mar. 10, 2010	Mar. 31, 2016
State Of Texas Funding [Line Items]
Payment Of Common Stock Repurchase Right	$ 2.3
Texas emerging technology fund | 1st Detect
State Of Texas Funding [Line Items]
Funds awarded for development and marketing		$ 1.8
Note payable interest rate			8.00%
Payment Of Common Stock Repurchase Right	$ 2.3

Common Stock Incentive, Stock49

Common Stock Incentive, Stock Purchase Plans and Other Compensation Plans - Stock Option Activity (Details) shares in Thousands	9 Months Ended
	Mar. 31, 2016$ / sharesshares
Share activity:
Outstanding, beginning of period (in shares) | shares	1,127,750
Granted (in shares) | shares	170,000
Exercised (in shares) | shares	(16,000)
Canceled or expired (in shares) | shares	(324,000)
Outstanding, end of period (in shares) | shares	957,750
Weighted Average Exercise Price:
Outstanding weighted average exercise price, beginning of period (in dollars per share) | $ / shares	$ 1.53
Granted weighted average exercise price (in dollars per share) | $ / shares	1.50
Exercised weighted average exercise price (in dollars per share) | $ / shares	1.09
Canceled or expired weighted average exercise price (in dollars per share) | $ / shares	2.56
Outstanding weighted average exercise price, end of period (in dollars per share) | $ / shares	$ 1.18

Common Stock Incentive, Stock50

Common Stock Incentive, Stock Purchase Plans and Other Compensation Plans - Stock Options by Exercise Price (Details)	9 Months Ended
	Mar. 31, 2016$ / sharesshares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price lower range (in dollars per share)	$ 0.32
Exercise price upper range (in dollars per share)	3.20
$0.32 - 0.71
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price lower range (in dollars per share)	0.32
Exercise price upper range (in dollars per share)	$ 0.71
Number outstanding (in shares) | shares	432,750
Options Outstanding Weighted- Average Remaining Contractual Life (years)	4 years 4 months 24 days
Weighted average exercise price (in dollars per share)	$ 0.60
Number exercisable (in shares) | shares	432,705
Options exercisable weighted average exercise price (in dollars per share)	$ 0.60
$1.20 - 1.50
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price lower range (in dollars per share)	1.20
Exercise price upper range (in dollars per share)	$ 1.50
Number outstanding (in shares) | shares	430,000
Options Outstanding Weighted- Average Remaining Contractual Life (years)	7 years 9 months 11 days
Weighted average exercise price (in dollars per share)	$ 1.32
Number exercisable (in shares) | shares	430,000
Options exercisable weighted average exercise price (in dollars per share)	$ 1.32
$3.20 - 3.20
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price lower range (in dollars per share)	3.20
Exercise price upper range (in dollars per share)	$ 3.20
Number outstanding (in shares) | shares	95,000
Options Outstanding Weighted- Average Remaining Contractual Life (years)	9 years 7 days
Weighted average exercise price (in dollars per share)	$ 3.20
Number exercisable (in shares) | shares	0
Options exercisable weighted average exercise price (in dollars per share)	$ 0
$0.32 - 3.20
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price lower range (in dollars per share)	0.32
Exercise price upper range (in dollars per share)	$ 3.20
Number outstanding (in shares) | shares	957,750
Options Outstanding Weighted- Average Remaining Contractual Life (years)	6 years 4 months 18 days
Weighted average exercise price (in dollars per share)	$ 1.18
Number exercisable (in shares) | shares	862,705
Options exercisable weighted average exercise price (in dollars per share)	$ 0.86

Common Stock Incentive, Stock51

Common Stock Incentive, Stock Purchase Plans and Other Compensation Plans - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended		16 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Dec. 12, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate intrinsic value of options exercisable	$ 600,000		$ 600,000		$ 600,000
Aggregate intrinsic value of options	900,000		900,000		$ 900,000
Common stock repurchased - value			117,000
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation costs recognized related to stock options	190,000	$ 9,000	265,000	$ 58,000
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation costs recognized related to stock options	$ (21,000)	$ 0	$ 157,000	$ 0
Shares granted (in shares)			0
Shares vested (in shares)			0
Shares expired (in shares)			0
Shares canceled (in shares)			104,167
Securities Repurchase Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock repurchase - authorized amount						$ 5,000,000
Share repurchases (in shares)			43,000	213,000	1,200,000
Common stock repurchased - value			$ 117,000	$ 538,000	$ 2,800,000

Income Taxes (Detail Textuals)

Income Taxes (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Net loss from continuing operations	$ (3,839)	$ (1,358)	$ (9,900)	$ (4,868)
Loss from continuing operations before income taxes	$ (3,850)	$ (2,252)	$ (9,909)	$ (7,821)
Effective tax rate for continuing operations			0.00%	38.00%
Federal statutory effective tax rate			35.00%
Unrecognized tax benefits			$ 100	$ 100

Commitments and Contingencies (

Commitments and Contingencies (Detail Textuals)	1 Months Ended
	Jul. 31, 2014USD ($)
Commitments and Contingencies Disclosure [Abstract]
Lump sum payment received	$ 50,000