Astrotech (ASTC) 10-K 29 Sep 16 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2016	Sep. 21, 2016	Dec. 31, 2015
Document And Entity Information [Abstract]
Entity Registrant Name	ASTROTECH Corp
Entity Central Index Key	1,001,907
Trading Symbol	astc
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Current Fiscal Year End Date	--06-30
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding		20,766,842
Entity Public Float			$ 31,672,030
Document Type	10-K
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,016

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
Current assets
Cash and cash equivalents	$ 4,399	$ 2,330
Short-term investments	17,102	23,161
Accounts receivable	156	198
Costs and estimated revenues in excess of billings	451	0
Inventory:
Raw materials	327	245
Work-in-process	75	30
Finished goods	94	234
Indemnity receivable	0	6,100
Prepaid expenses and other current assets	319	296
Total current assets	22,923	32,594
Property and equipment, net	3,392	3,108
Long-term investments	4,208	8,516
Total assets	30,523	44,218
Current liabilities
Accounts payable	237	398
Accrued liabilities and other liabilities	1,563	1,801
Income tax payable	0	190
Total current liabilities	1,800	2,389
Other liabilities	96	101
Total liabilities	1,896	2,490
Commitments and contingencies
Stockholders’ equity
Preferred stock, no par value, convertible, 2,500,000 shares authorized, no shares issued and outstanding, at June 30, 2016 and June 30, 2015	0	0
Common stock, no par value, 75,000,000 shares authorized; 21,811,153 and 21,864,548 shares issued at June 30, 2016 and June 30, 2015, respectively; 20,627,511 and 20,743,973 shares outstanding at June 30, 2016 and June 30, 2015, respectively	189,294	189,007
Treasury stock, 1,183,642 and 1,120,575 shares at cost at June 30, 2016 and June 30, 2015, respectively	(2,828)	(2,672)
Additional paid-in capital	1,419	1,139
Accumulated deficit	(159,117)	(146,022)
Accumulated other comprehensive loss	(101)	(23)
Equity attributable to stockholders of Astrotech Corporation	28,667	41,429
Noncontrolling interest	(40)	299
Total stockholders’ equity	28,627	41,728
Total liabilities and stockholders’ equity	$ 30,523	$ 44,218

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Jun. 30, 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 outstanding (in shares)	20,627,511	20,743,973
Common stock, shares authorized (in shares)	75,000,000	75,000,000
Common stock, shares issued (in shares)	21,811,153	21,864,548
Treasury stock, shares at cost (in shares)	1,183,642	1,120,575

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Revenue	$ 2,671	$ 513
Cost of revenue	2,332	424
Gross profit	339	89
Operating expenses:
Selling, general and administrative	7,708	12,966
Research and development	6,469	3,234
Total operating expenses	14,177	16,200
Loss from operations	(13,838)	(16,111)
Interest and other income, net	379	224
Loss from continuing operations before income taxes	(13,459)	(15,887)
Income tax benefit	25	5,941
Loss from continuing operations	(13,434)	(9,946)
Discontinued operations
Income from operations of ASO business (including gain from sale of $25.4 million in 2015)	0	26,739
Income tax expense	0	(6,138)
Income from discontinued operations	0	20,601
Net (loss) income	(13,434)	10,655
Less: Net loss attributable to noncontrolling interest	(339)	(123)
Net (loss) income attributable to Astrotech Corporation	(13,095)	10,778
Less: Deemed dividend to State of Texas Funding	0	531
Net (loss) income attributable to common stockholders	(13,095)	10,247
Amounts attributable to Astrotech Corporation:
Loss from continuing operations, net of tax	(13,095)	(9,823)
Income from discontinued operations	0	20,601
Net (loss) income attributable to Astrotech Corporation	$ (13,095)	$ 10,778
Weighted average common shares outstanding:
Basic and diluted (in shares)	20,388	19,811
Basic and diluted net (loss) income per common share:
Net loss attributable to Astrotech Corporation from continuing operations (in dollars per share)	$ (0.64)	$ (0.52)
Net income from discontinued operations (in dollars per share)	0	1.04
Net (loss) income attributable to Astrotech Corporation (in dollars per share)	$ (0.64)	$ 0.52
Other comprehensive (loss) income, net of tax:
Net unrealized losses, net of tax benefit of $0 and $8	$ (92)	$ (15)
Reclassification adjustment for realized losses included in net (loss) income	14	0
Total comprehensive (loss) income attributable to Astrotech Corporation	$ (13,173)	$ 10,763

Consolidated Statements of Ope5

Consolidated Statements of Operations and Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Gain on sale of discontinued operations		$ 25,400
Other comprehensive income (loss) on unrealized losses, tax	$ 0	$ 8

Consolidated Statement of Chang

Consolidated Statement of Changes in Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Treasury Stock Amount	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss	Non- Controlling Interest
Balance (in shares) at Jun. 30, 2014		19,544
Balance, beginning of period at Jun. 30, 2014	$ 30,300	$ 183,866	$ (237)	$ 1,671	$ (156,800)	$ 0	$ 1,800
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net change in available-for-sale debt and marketable equity securities	(23)					(23)
Stock-based compensation (in shares)		1,515
Stock-based compensation	4,958	$ 4,848		110
Exercise of stock options (in shares)		149
Exercise of stock options	112	$ 223		(111)
Share repurchases (in shares)		(808)
Share repurchases	(2,435)		(2,435)
Restricted stock issuance (in shares)		344
Restricted stock issuance	70	$ 70
Noncontrolling interest funding of Astral	422						422
Net income (loss)	10,655				10,778		(123)
Repayment of State of Texas Funding	(2,331)			(531)			(1,800)
Balance (in shares) at Jun. 30, 2015		20,744
Balance, end of period at Jun. 30, 2015	41,728	$ 189,007	(2,672)	1,139	(146,022)	(23)	299
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net change in available-for-sale debt and marketable equity securities	(78)					(78)
Stock-based compensation	331			331
Forfeiture of stock based comp (in shares)		(104)
Forfeiture of stock based comp	(159)	$ (92)		(67)
Exercise of stock options (in shares)		16
Exercise of stock options	16			16
Share repurchases (in shares)		(63)
Share repurchases	(156)		(156)
Restricted stock issuance (in shares)		35
Restricted stock issuance	379	$ 379
Noncontrolling interest funding of Astral	0
Net income (loss)	(13,434)				(13,095)		(339)
Balance (in shares) at Jun. 30, 2016		20,628
Balance, end of period at Jun. 30, 2016	$ 28,627	$ 189,294	$ (2,828)	$ 1,419	$ (159,117)	$ (101)	$ (40)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities
Net (loss) income	$ (13,434)	$ 10,655
Less: Income from discontinued operations	0	(20,601)
Net loss from continuing operations	(13,434)	(9,946)
Adjustments to reconcile net loss from continuing operations to net cash used in operating activities:
Stock-based compensation	551	5,028
Amortization	47	0
Depreciation	525	320
Changes in assets and liabilities:
Accounts receivable	42	(139)
Cost, estimated earnings and billings, net on uncompleted contracts	(451)	0
Accounts payable	(161)	(598)
Other assets and liabilities	(253)	(368)
Income tax payable	(190)	190
Net cash used in operating activities-continuing operations	(13,324)	(5,513)
Net cash used in operating activities-discontinued operations	0	(5,345)
Net cash used in operating activities	(13,324)	(10,858)
Cash flows from investing activities:
Purchases of security investments	0	(35,418)
Sale of available-for-sale investments	4,315	1,500
Maturities of held-to-maturity securities	5,927	2,241
Purchases of property and equipment	(809)	(2,268)
Net cash provided by (used in) investing activities-continuing operations	9,433	(33,945)
Net cash provided by investing activities-discontinued operations	6,100	53,189
Net cash provided by investing activities	15,533	19,244
Cash flows from financing activities:
Repayment of State of Texas	0	(1,800)
Payment of Texas State Funding dividend	0	(531)
Payments for share repurchase	(156)	(2,435)
Noncontrolling interest investment in subsidiary	0	422
Proceeds from exercise of stock options	16	112
Net cash used in financing activities-continuing operations	(140)	(4,232)
Net cash used in financing activities-discontinued operations	0	(5,655)
Net cash used in financing activities	(140)	(9,887)
Net change in cash and cash equivalents	2,069	(1,501)
Cash and cash equivalents at beginning of period	2,330	3,831
Cash and cash equivalents at end of period	4,399	2,330
Supplemental disclosures of cash flow information:
Cash paid for interest	0	62
Income taxes paid	$ 198	$ 0

Description of the Company and

Description of the Company and Operating Environment	12 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of the Company and Operating Environment	Description of the Company and Operating Environment Astrotech Corporation (Nasdaq: ASTC) (“Astrotech,” “the Company,” “we,” “us” or “our”), a Washington corporation organized in 1984, is an innovative science and technology development and commercialization company that invents, acquires, and commercializes technological innovations sourced from internal research, universities, laboratories, and research institutions, and then funds, manages, and builds start-up companies for profitable divestiture to market leaders to maximize shareholder value. Our Business Segment Information – With the sale of the ASO business unit (see Note 4 ) and the founding of Astral, the Company operates two reportable business units, Astro Scientific and Astral. Since the Company operates in two segments, all financial segment information required by Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 280, Segment Reporting (“FASB ASC 280”) can be found in Note 17 Segment Information. Astro Scientific Astro Scientific is a technology incubator that commercializes innovative technologies. Subsidiaries 1 st Detect and Astrogenetix currently reside in Astro Scientific: 1 st Detect 1 st 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 the National Aeronautics and Space Administration (“NASA”) to develop a mass spectrometer for the International Space Station, 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 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. 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 drives the MMS-1000™. It is designed to be integrated into customers’ packaging and enclosures and to be integrated with application-specific sampling or separation technology. Variants of the OEM-1000 have been selected by our partners for integration with their ancillary instrumentation. 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 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.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Principles of Consolidation and Basis of Presentation The consolidated financial statements include the accounts of Astrotech Corporation and its majority-owned subsidiaries that are required to be consolidated. All intercompany transactions have been eliminated in consolidation. Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that directly affect the amounts reported in the Company’s consolidated financial statements and accompanying notes. Management continuously evaluates its critical accounting policies and estimates, including those used in evaluating the recoverability of long-lived assets, recognition of revenue, valuation of inventory, and the recognition and measurement of loss contingencies, if any. 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. Construction-Type and Production-Type Contracts A portion of the Company’s revenue is derived from contracts to manufacture mass spectrometers to a buyer’s specification. These contracts are accounted for under the provisions of FASB ASC Topic 605-35 “Revenue Recognition: Construction-Type and Production-Type Contracts”. These contracts are fixed-price and are recorded on the percentage of completion basis using the ratio of costs incurred to estimated total costs at completion as the measurement basis for progress toward completion and revenue recognition. Any losses identified on contracts are recognized immediately. Contract accounting requires significant judgment relative to assessing risks, estimating contract costs and making related assumptions for schedule and technical issues. With respect to contract change orders, claims, or similar items, judgment must be used in estimating related amounts and assessing the potential for realization. These amounts are only included in contract value when they can be reliably estimated and realization is probable. The Company enters into fixed-priced subcontracts on government projects that are one to two years long. Revenue from certain long-term, integrated project management contracts to provide new prototypes and completion services is reported on the percentage-of-completion method of accounting. At the outset of each contract, we prepare a detailed analysis of our estimated cost to complete the project, and our progress is based on the percentage of cost incurred. Risks related to service delivery, usage, productivity, and other factors are considered in the estimation process. The recording of profits and losses on long-term contracts requires an estimate of the total profit or loss over the life of each contract. This estimate requires consideration of total contract value, change orders, and claims, less costs incurred and estimated costs to complete. Anticipated losses on contracts are recorded in full in the period in which they become evident. Profits are recorded based upon the total estimated contract profit times the current percentage complete for the contract. Research and Development Research and development costs are expensed as incurred. Income from the sale of prototype units in 1 st Detect is booked as an offset to research and development and will continue to be booked accordingly until the Company transitions to full production. Research and development expenses for the fiscal years ended June 30, 2016 and 2015 were $6.5 million and $3.2 million , respectively. Net Income (Loss) Earnings per Share Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted net income per share includes all common stock options and other common stock equivalents that potentially may be issued as a result of conversion privileges unless the impact is considered anti-dilutive (see Note 13 ). Cash and Cash Equivalents The Company considers short-term investments with original maturities of three months or less to be cash equivalents. Cash equivalents are comprised primarily of operating cash accounts, money market investments, and certificates of deposits. Accounts Receivable The carrying value of the Company’s accounts receivable, net of the allowance for doubtful accounts, represents their estimated net realizable value. Astrotech estimates the allowance for doubtful accounts based on type of customer, age of outstanding receivable, historical collection trends, and existing economic conditions. If events or changes in circumstances indicate that a specific receivable balance may be unrealizable, further consideration is given to the collectability of those balances, and the allowance is adjusted accordingly. Receivable balances deemed uncollectible are written off against the allowance. The Company anticipates collecting all unreserved receivables within one year. As of June 30, 2016 and 2015 , there was no allowance for doubtful accounts deemed necessary. Inventory The Company computes inventory cost on a first-in, first-out basis, and inventory is valued at the lower of cost or market. The valuation of inventory also requires the Company to estimate obsolete and excess inventory as well as inventory that is not of saleable quality. Property and Equipment Property and equipment are stated at cost. All furniture, fixtures, and equipment are depreciated using the straight-line method over the estimated useful lives of the respective assets, which is generally five years . Purchased software is typically depreciated over three years ; however, Astral’s proprietary software, Astral HDR ICE™, is being depreciated over seven years as this is management’s best estimate of useful life of this platform. Leasehold improvements are amortized over the shorter of the useful life of the improvement or the term of the lease. Repairs and maintenance are expensed when incurred. Impairment of Long-Lived Assets The Company reviews long-lived assets and certain identifiable intangibles for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future undiscounted net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. Recoverability of long-lived assets is dependent on a number of conditions, including uncertainty about future events and demand for our services. No impairments were identified in the years ended June 30, 2016 and 2015 . Fair Value of Financial Instruments Astrotech’s financial instruments consist of cash and cash equivalents, accounts receivable, accounts payable, investments, and accrued liabilities. The Company’s management believes the carrying amounts of these assets and liabilities approximates their fair value. For more information about the Company’s accounting policies surrounding fair value instruments, see Note 9 . Available-for-Sale Investments Investments that are designated as available-for-sale are reported at fair value, with unrealized gains and losses recorded in accumulated other comprehensive (loss) income. The Company determines the cost of the investment sold based on a first-in, first-out cost basis at the individual security level. The Company’s investments are subject to a periodic impairment review and are evaluated based on the specific facts and circumstances present at the time of assessment, which include the consideration of general market conditions, the duration and extent to which the fair value is below cost, and the Company’s ability and intent to hold the investment for a sufficient period of time to allow for recovery of value in the foreseeable future. The Company also considers specific adverse conditions related to the financial health of, and the business outlook for, the investee, which may include industry and sector performance, changes in technology, operational and financing cash flow factors, and changes in the investee’s credit rating. The Company records other than temporary impairments on marketable equity securities and marketable equity method investments in gains (losses) on equity investments, net of gains (losses). For more information on investments, see Note 3 . Held-to-Maturity Investments Investments that are designated as held-to-maturity investments are reported at historical amortized costs. These are investments the Company intends to hold until maturity. The Company’s investments are subject to a periodic impairment review. The Company will write down any investment that the Company does not expect to recover the entire amortized cost basis of the instrument. The Company separates other than temporary impairments into amounts representing credit losses, which are recognized in interest and other, net income (expense) items, and amounts related to all other factors, which are recognized in other comprehensive (loss) income. For more information on investments, see Note 3 . Operating Leases The Company leases space under operating leases. Lease agreements often include tenant improvement allowances, rent holidays, and rent escalation clauses, as defined in the respective lease agreements. Most of the Company’s lease agreements include renewal periods at the Company’s option. The Company recognizes rent holiday periods, tenant improvement allowances, and scheduled rent increases on a straight-line basis over the lease term beginning with the date the Company takes possession of the leased property. The Company records tenant improvement allowances and rent holidays as deferred rent liabilities on the consolidated balance sheets and amortizes the deferred rent over the terms of the lease to rent expense on the consolidated statements of operations. Share-Based Compensation The Company accounts for share-based awards to employees based on the fair value of the award on the grant date. The fair value of stock options is estimated using the expected dividend yields of the Company’s stock, the expected volatility of the stock, the expected length of time the options remain outstanding, and the risk-free interest rates. Changes in one or more of these factors may significantly affect the estimated fair value of the stock options. The Company recognizes forfeitures as they occur. The fair value of awards that are likely to meet goals, if any, are recorded as an expense over the vesting period (see Note 11 for more information). Noncontrolling Interest Noncontrolling interest accounting is applied for any entities where the Company maintains more than 50% and less than 100% ownership. The Company clearly identifies the noncontrolling interest in the balance sheets and income statements. The Company also discloses three measures of net income (loss): net income (loss), net loss attributable to noncontrolling interest, and net income (loss) attributable to Astrotech Corporation. The Company’s operating cash flows in its consolidated statements of cash flows reflect net income (loss), while basic and diluted earnings per share calculations reflect net income (loss) attributable to Astrotech Corporation. The noncontrolling interest balance of $(40) thousand and $299 thousand at June 30, 2016 and June 30, 2015 , respectively, represents an interest by a minority shareholder in one of the Company’s subsidiaries more fully discussed in Note 5 . State of Texas Funding The Company accounted for the State of Texas funding in its majority owned subsidiary 1 st Detect as a contribution of capital and had reflected the $1.8 million in the equity section of the consolidated balance sheet. At June 30, 2014, this represented a noncontrolling interest balance of $ 1.8 million , which was settled in August 2014 for $ 2.3 million (see Note 16 for more information). Income Taxes The Company accounts for income taxes under the liability method, whereby deferred tax asset or liability account balances are determined based on the difference between the financial statement and the tax bases of assets and liabilities using current tax laws and rates in effect for the year in which the differences are expected to affect taxable income. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the period that includes the enactment date. A valuation allowance is established when it is more likely than not that some portion or all of the deferred tax assets will not be realized. Treasury Stock The Company records treasury stock at the cost to acquire it and includes treasury stock as a component of stockholders’ equity. Accounting Pronouncements In May 2014 the FASB issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606), which supersedes the revenue recognition requirements in ASC 605, Revenue Recognition (as updated by ASU 2015-14 in August 2015 and ASU 2016-08 in March 2016). The core principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance provides a five-step process to achieve that core principle. ASU 2014-09 requires disclosures enabling users of financial statements to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. Additionally, qualitative and quantitative disclosures are required about contracts with customers, significant judgments and changes in judgments, and assets recognized from the costs to obtain or fulfill a contract. ASU 2014-09 was to be effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. ASU 2015-14 delayed the required adoption date for public entities to periods beginning after December 15, 2017, although early adoption to the original effective date under ASU 2014-09 is permitted. Once implemented, the Company can use one of two retrospective application methods for prior periods. Earlier application is not permitted. The Company expects this pronouncement to effect the timing of when revenue is recognized, but not the amount. The Company plans to adopt this standard in fiscal year 2019. The Company is still to determine the method of adoption. In July 2015 the FASB issued ASU No. 2015-11, “Simplifying the Measurements of Inventory” (“ASU 2015-11”). ASU 2015-11 requires management to evaluate inventory at the lower of cost and net realizable value. The amendments in this ASU are effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Earlier application is permitted by all entities as of the beginning of an interim or annual reporting period. The Company is in the process of assessing the impact, if any, on its consolidated financial statements. In November 2015 the FASB issued 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. The Company will adopt ASU 2015-17 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 for 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 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 the Company’s financial statements. The Company 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. ASU 2016-09 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. In June 2016 the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”). ASU 2016-13 amends guidance on reporting credit losses for assets held at amortized cost basis and available-for-sale debt securities. For assets held at amortized cost basis, ASU 2016-13 eliminates the probable initial recognition threshold in current generally accepted accounting standards, and, instead, requires an entity to reflect its current estimate of all expected credit losses. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial assets to present the net amount expected to be collected. For available-for-sale debt securities, credit losses should be measured in a manner similar to current generally accepted accounting standards; however, ASU 2016-13 will require that credit losses be presented as an allowance rather than as a write-down. ASU 2016-13 affects entities holding financial assets and net investment in leases that are not accounted for at fair value through net income. This amendment affects loans, debt securities, trade receivables, net investments in leases, off balance sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company is currently evaluating the impact the adoption of this standard will have on its financial statements. In August 2016 the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments” (“ASU 2016-15”). ASU 2016-15 will make eight targeted changes to how cash receipts and cash payments are presented and classified in the statement of cash flows. ASU 2016-15 is effective for fiscal years beginning after December 15, 2017. The new standard will require adoption on a retrospective basis unless it is impracticable to apply, in which case it would be required to apply the amendments prospectively as of the earliest date practicable. The Company is currently in the process of evaluating the impact of adoption on its consolidated financial statements.

Investments

Investments	12 Months Ended
	Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Investments	Investments The following tables summarize gains and losses related to the Company’s investments: Available-for-Sale June 30, 2016 (In thousands) Adjusted Unrealized Unrealized Fair Cost Gain Loss Value Mutual Funds - Corporate & Government Debt $ 12,908 $ — $ (101 ) $ 12,807 Total $ 12,908 $ — $ (101 ) $ 12,807 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 Held-to-Maturity June 30, 2016 (In thousands) Carrying Unrealized Unrealized Fair Value Gain Loss Value Fixed Income Bonds $ 3,513 $ 11 $ (6 ) $ 3,518 Time Deposits 4,990 7 — 4,997 Total $ 8,503 $ 18 $ (6 ) $ 8,515 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 The Company has certain financial instruments on its 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 bonds, maturing over the next one to four years, are comprised of investments in various corporations with ratings of BBB- or better. Carrying Value Short-Term Investments Long-Term Investments (In thousands) June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 Mutual Funds - Corporate & Government Debt $ 12,807 $ 17,227 $ — $ — Time Deposits Maturities from 1-90 days 2,243 1,496 — — Maturities from 91-360 days 1,699 4,438 — — Maturities over 360 days — — 1,048 4,990 Fixed Income Bonds Maturities less than 1 year 353 — — — Maturities from 1-3 years — — 3,160 2,073 Maturities from 3-5 years — — — 1,453 Total $ 17,102 $ 23,161 $ 4,208 $ 8,516

Discontinued Operations & Gain

Discontinued Operations & Gain on the Sale of the ASO Business Unit	12 Months Ended
	Jun. 30, 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 previously announced sale of substantially all of its assets used in the Company’s former 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 June 30, 2016 , the Company had received the full net sales prices of $59.3 million . The indemnity holdback was being held in an escrow account 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 unit consisted of: (i) ownership, operation and maintenance of spacecraft processing facilities in Titusville, Florida and Vandenberg Air Force Base, California; (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 assets of the ASO business unit. As such, 100% of the interest expense on the debt was allocated to discontinued operations in the amount $63 thousand for the year ended 2015 . The sale of the former ASO business unit, which was previously reported within the Company’s 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 unit. 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 the former ASO business $ 25,436 Even though the Company was party to a transition services agreement that expired on August 22, 2015, it has been determined that the continuing cash flows generated by this agreement did not constitute significant continuing involvement in the operations of the former ASO business unit. As such, the operating results and cash flows related to the former ASO business unit have been separately reflected as discontinued operations for the year ended June 30, 2015 . The following table provides a reconciliation of the major components of income of the former ASO business unit to the amounts reported in the consolidated statements of operations (in thousands): Year Ended 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 — 25,436 Income tax expense — (6,138 ) Income on discontinued operations $ — $ 20,601

Noncontrolling Interest

Noncontrolling Interest	12 Months Ended
	Jun. 30, 2016
Noncontrolling Interest [Abstract]
Noncontrolling Interest	Noncontrolling Interest Astral was created in conjunction with a noncontrolling interest, resulting in Astrotech owning 72% of Astral at the point of creation and 83% as of June 30, 2015 ; the Company owns 92% of Astral as of June 30, 2016 . The following table details the contributions from the Company and the minority interest owner and the Company’s ownership percentage of Astral: (In thousands) Astrotech Minority Owner Astrotech Ownership Initial investment $ 1,422 $ 422 72 % Additional contributions made in fiscal year 2015 1,000 — 83 % Additional contributions made in fiscal year 2016 3,000 — 92 % Total Contributions $ 5,422 $ 422 The Company applies noncontrolling interest accounting, which requires us to clearly identify the noncontrolling interest in the condensed consolidated balance sheets and consolidated income statements. The Company discloses three measures of net income (loss): net income (loss), net loss attributable to noncontrolling interest, and net income (loss) attributable to Astrotech Corporation. The Company’s operating cash flows in its consolidated statements of cash flows reflect net income (loss), while our basic and diluted earnings per share calculations reflect net income (loss) attributable to Astrotech Corporation. The noncontrolling interest balance of $1.8 million at June 30, 2014 represented an interest held by the State of Texas Emerging Technology Fund, which was settled in August 2014 for $ 2.3 million (see Note 16 for more information). The noncontrolling interest balance of $(40) thousand and $299 thousand represents a noncontrolling interest in Astral at June 30, 2016 and 2015 , respectively. (In thousands) 2016 2015 Beginning balance $ 299 $ 1,800 Net loss attributable to noncontrolling interest (339 ) (123 ) Repayment of State of Texas Emerging Technology Fund — (1,800 ) Noncontrolling interest funding of Astral — 422 Ending balance $ (40 ) $ 299

Property and Equipment

Property and Equipment	12 Months Ended
	Jun. 30, 2016
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment As of June 30, 2016 and 2015 , property and equipment consisted of the following (in thousands): June 30, 2016 2015 Furniture, Fixtures, Equipment & Leasehold Improvements $ 2,856 $ 2,946 Software 2,074 1,132 Capital Improvements in Progress 9 1,976 Gross Property and Equipment 4,939 6,054 Accumulated Depreciation (1,547 ) (2,946 ) Property and Equipment, net $ 3,392 $ 3,108 Depreciation and amortization expense of property and equipment for the years ended June 30, 2016 and 2015 was $0.6 million and $0.3 million , respectively.

Accrued Liabilities and Other L

Accrued Liabilities and Other Liabilities	12 Months Ended
	Jun. 30, 2016
Payables and Accruals [Abstract]
Accrued Liabilities and Other Liabilities	Accrued Liabilities and Other Liabilities The following table represents the balances of accrued liabilities and other liabilities on the consolidated balance sheet as of June 30, 2016 and 2015 (in thousands): June 30, 2016 June 30, 2015 Accrued payroll, bonuses, and other payroll related liabilities $ 1,000 $ 909 Accrued expenses 327 679 Deferred revenue 54 60 Other current liabilities 182 153 Total $ 1,563 $ 1,801

Debt

Debt	12 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Debt	Debt In October 2010 the Company’s former ASO business unit 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 to terminate 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 ASO, including accounts receivable, and required the Company to comply with designated covenants. In August 2014 the Company used a portion of the proceeds from the Asset Sale to pay off the outstanding balance of the term loan of $5.7 million which is reported in the statement of cash flows as discontinued operations. The Company had no outstanding debt as of June 30, 2016 and 2015 .

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments 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 that 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 June 30, 2016 and June 30, 2015 : June 30, 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 $ 12,807 $ 12,807 $ — $ — $ 12,807 Held-to-Maturity Securities Bonds: 0-1 year 353 352 352 Bonds: 1-3 years 3,160 — 3,166 — 3,166 Bonds: 3-5 years — — — — — Time deposits: 1-90 days 2,243 — 2,244 — 2,244 Time deposits: 91-360 days 1,699 — 1,703 — 1,703 Time deposits: over 360 days 1,048 — 1,050 — 1,050 Total $ 21,310 $ 12,807 $ 8,515 $ — $ 21,322 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: 0-1 year — — — — — 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

Business Risk and Credit Risk C

Business Risk and Credit Risk Concentration Involving Cash	12 Months Ended
	Jun. 30, 2016
Risks and Uncertainties [Abstract]
Business Risk and Credit Risk Concentration Involving Cash	Business Risk and Credit Risk Concentration Involving Cash For the year ended June 30, 2016 , the Company had three customers that together comprised 100% of the Company’s revenue. All of the Company’s revenue for the year ended June 30, 2015 came from one customer. The following tables summarize the concentrations of sales and trade accounts receivable percentages for the Company’s three customers: Year Ended Year Ended Percentage of Total Sales Percentage of Total Sales NGCD Partner 61 % 100 % DHS S&T Partner 30 % — % A Japanese aerospace company 9 % — % June 30, 2016 June 30, 2015 Percentage of Trade A/R Percentage of Trade A/R NGCD Partner — % — % DHS S&T Partner 100 % — % A Japanese aerospace company — % — % The Company maintains funds in bank accounts that may exceed the limit insured by the Federal Deposit Insurance Corporation (the “FDIC”). In October 2008 the FDIC increased its insurance to $250,000 per depositor. The risk of loss attributable to these uninsured balances is mitigated by depositing funds in what the Company believes to be high credit quality financial institutions. The Company has not experienced any losses in such accounts.

Common Stock Incentive, Stock P

Common Stock Incentive, Stock Purchase Plans and Other Compensation Plans	12 Months Ended
	Jun. 30, 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 2008 Stock Incentive Plan (“2008 Plan”) The 2008 Plan was created to promote growth of the Company by aligning the long-term financial success of the Company with the employees, directors, and consultants. At the time of approval, 5,500,000 shares of Astrotech’s common stock were reserved for issuance under this plan. The 2008 Plan, administered by the Compensation Committee of the Board of Directors, provides for granting of incentive awards in the form of stock options, stock appreciation rights (“SARs”), and restricted stock to employees, directors, and consultants of the Company. As of June 30, 2016 , there were 10,000 shares available for grant under the 2008 Plan. 2011 Stock Incentive Plan (“2011 Plan”) The 2011 Plan was designed to increase shareholder value by compensating employees over the long term. The plan is to be used to promote long-term financial success and execution of the Company’s business strategy. At the time of approval, 1,750,000 shares of Astrotech’s common stock were reserved for issuance under this plan. On June 26, 2014, an additional 2,000,000 shares of Astrotech’s common stock were approved for issuance under this plan. The 2011 Plan, administered by the Compensation Committee of the Board of Directors, provides for granting of incentive awards in the form of stock, stock options, SARs, and restricted stock to employees, directors, and consultants of the Company. As of June 30, 2016 , there were 1,611,907 shares available for grant under the 2011 Plan. Stock Option Activity Summary The Company’s stock option activity for the years ended June 30, 2016 and 2015 was as follows: Shares (In thousands) Weighted Average Exercise Price Outstanding at June 30, 2014 875 $ 0.91 Granted 409 2.76 Exercised (149 ) 0.75 Canceled or expired (7 ) 14.01 Outstanding at June 30, 2015 1,128 $ 1.53 Granted 170 1.50 Exercised (16 ) 1.09 Canceled or expired (324 ) 2.56 Outstanding at June 30, 2016 958 $ 1.18 The aggregate intrinsic value of options exercisable at June 30, 2016 was $1.5 million as the fair value of the Company’s common stock is more than the exercise prices of these options. The aggregate intrinsic value of all options outstanding at June 30, 2016 was $1.6 million . 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 4.14 $ 0.60 432,750 $ 0.60 $1.20 – 1.50 430,000 7.56 1.32 430,000 1.32 $3.20 – 3.20 95,000 8.78 3.20 45,003 3.20 $0.32 – 3.20 957,750 6.14 $ 1.18 907,753 $ 1.06 Compensation costs recognized related to vested stock option awards during the year ended June 30, 2016 and 2015 was $0.3 million and $0.1 million , respectively. At June 30, 2016 , there was $0.1 million of total unrecognized compensation cost related to non-vested stock option awards, which is expected to be recognized over a weighted average period of 2.0 years. Restricted Stock The Company’s restricted stock activity for the years ended June 30, 2016 and 2015 , was as follows: Shares (In thousands) Weighted Average Grant-Date Fair Value Outstanding at June 30, 2014 8 $ 0.75 Granted 336 3.16 Vested (8 ) 0.75 Canceled or expired — — Outstanding at June 30, 2015 336 $ 3.16 Granted 35 2.02 Vested (112 ) 2.79 Canceled or expired (104 ) 3.20 Outstanding at June 30, 2016 155 $ 3.14 At June 30, 2016 and 2015 , there was $0.4 million and $1.0 million of unrecognized compensation costs related to restricted stock, respectively, which is expected to be recognized over a weighted average period of 1.8 years. Fair Value of Stock-Based Compensation Stock-based compensation costs are generally based on the fair value calculated from the Black-Scholes model on the date of grant of stock options. The fair values of stock options are amortized as compensation expense on a straight-line basis over the vesting period of the grants. The Company recognizes forfeitures as they occur. The assumptions used for the years ended June 30, 2016 and 2015 and the resulting estimates of weighted-average fair value per share of options granted are summarized in the following table: Year ended Year ended Expected Dividend Yield — % — % Expected Volatility 109 % 109 % Risk-Free Interest Rates 0.65 % 2.18 % Expected Option Life (in years) 8.71 10.00 Weighted-average grant-date fair value of options awarded $ 1.18 $ 0.70 • The expected dividend yield is based on the Company’s current dividend yield and the best estimate of projected dividend yield for future periods within the expected life of the option, which is currently 0% . • The Company estimated volatility using the historical share price performance over the expected life. Management believes the historical estimated volatility is materially indicative of expectations about future volatility. • The estimate of the risk-free rate is based on the U.S. Treasury yield curve in effect at the time of grant. • Due to the Company having insufficient historical data for calculating expected life of options for the year ended June 30, 2015 , the Company used the contractual term of the options. For the year ended June 30, 2016 , the Company used the simplified method of calculating the expected life of options. Securities Repurchase Program On December 12, 2014, the Board of Directors amended the share repurchase program to allow for the repurchase of up to $5.0 million more treasury shares until December 31, 2015. On December 3, 2015, the Board authorized an extension of the share repurchase program through December 31, 2016. As of June 30, 2016 , the Company had repurchased 188,635 shares of common stock at a cost of $492 thousand , which represents an average cost of $2.61 per share, and $4.5 million of securities are still available for repurchase under this program. Common stock repurchases under the Company’s securities repurchase program may be made from time-to-time, in the open market, through block trades or otherwise in accordance with applicable regulations of the Securities and Exchange Commission (“SEC”). Depending on market conditions and other factors, these purchases may be commenced or suspended at any time or from time-to-time without prior notice. Additionally, the timing of such transactions will depend on other corporate strategies and will be at the discretion of the management of the Company. Shares Repurchased from Related Parties The Company repurchased 100,000 shares from a Director in October 2014 at an average price of $2.56 , which was the average market price at the date of the transaction. In April 2015 the Company repurchased 563,580 shares issued to the Directors, Chief Executive Officer, and Chief Financial Officer related to their tax withholding obligations at an average price of $3.20 , which was the closing market price at the date of the transaction. In April 2016 the Company repurchased 7,075 shares issued to the Chief Operating Officer related to his tax withholding obligation at a price of $2.02 , which was the closing market price at the date of the transaction.

Income Taxes

Income Taxes	12 Months Ended
	Jun. 30, 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 June 30, 2016 and 2015 , the Company had 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 fiscal year ended June 30, 2016 , the Company incurred losses from continuing operations in the amount of $ 13.5 million . The total effective tax rate for continuing operations is approximately 0% for the fiscal year. There is current state tax expense of approximately $4 thousand . FASB ASC 740, Income Taxes addresses the accounting for uncertainty in income taxes 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 had no unrecognized tax benefit for the year ended June 30, 2016 , compared to an unrecognized tax benefit of $0.1 million for the year ended June 30, 2015 . For the years ended June 30, 2016 and 2015 , the Company’s effective tax rate differed from the federal statutory rate of 34% , primarily due to recording changes to the valuation allowance placed against its net deferred tax assets. Loss carryovers are generally subject to modification by tax authorities until three years after they have been utilized. The components of income tax benefit from continuing operations are as follows (in thousands): Year Ended June 30, 2016 2015 Current Federal $ (29 ) $ (5,414 ) State and local 4 (527 ) Foreign — — $ (25 ) $ (5,941 ) Deferred Federal — — State and local — — Foreign — — Total tax benefit from continuing operations $ (25 ) $ (5,941 ) The components of income tax expense from discontinued operations are as follows (in thousands): Year Ended June 30, 2015 2014 Current Federal $ — $ 5,611 State and local — 527 Foreign — — $ — $ 6,138 Deferred Federal — — State and local — — Foreign — — Total tax expense from discontinued operations $ — $ 6,138 A reconciliation of the reported income tax expense (benefit) to the amount that would result by applying the U.S. Federal statutory rate to the income (loss) before income taxes to the actual amount of income tax expense (benefit) recognized follows (in thousands): Year Ended June 30, 2016 2015 Expected benefit $ (4,576 ) $ (5,414 ) State tax expense 4 — Change in temporary tax adjustments not recognized 4,414 5,589 Other permanent items 133 22 Total income tax benefit (expense) $ (25 ) $ 197 The Company’s deferred tax assets as of June 30, 2016 and 2015 consist of the following (in thousands): Year Ended June 30, 2016 2015 Deferred tax assets: Net operating loss carryforwards $ 15,704 $ 10,869 Alternative minimum tax credit carryforwards 857 868 Accrued expenses and other timing 1,473 912 Total gross deferred tax assets $ 18,034 $ 12,649 Less — valuation allowance (17,939 ) (11,887 ) Net deferred tax assets $ 95 $ 762 Deferred tax liabilities: Property and equipment, principally due to differences in depreciation $ (95 ) $ (762 ) Total gross deferred tax liabilities $ (95 ) $ (762 ) Net deferred tax assets (liabilities) $ — $ — The Company files consolidated returns for federal, California, Florida, and Texas income and franchise taxes. In assessing the need for a valuation allowance, management considers whether it is more likely than not that some portion or all of the net deferred tax assets will be utilized to offset future tax liabilities. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. As of June 30, 2016 , the Company provided a full valuation allowance of approximately $18.0 million against its net deferred tax assets. The valuation allowance increased by approximately $6.1 million for the year ended June 30, 2016 . The valuation allowance decreased by approximately $4.1 million for the year ended June 30, 2015 . Since the Company reflects a full valuation allowance against its deferred tax assets, there has been no income tax impact from these changes. At June 30, 2016 , the Company had net operating loss carryforwards of approximately $22.7 million ( $7.7 million , tax effected) for federal income tax purposes that are available to offset future regular taxable income. These net operating loss carryforwards expire between the years 2021 and 2036. Utilization of some of these net operating losses is limited due to the changes in stock ownership of the Company associated with the October 2007 Exchange Offer; as such, the benefit from these losses may not be realized. The Company also has accumulated state net operating loss carryforwards of approximately $17.0 million ( $0.7 million , tax effected) that are available to offset future state taxable income. These net operating loss carryforwards expire between the years 2031 and 2036. These losses may also be subject to utilization limitations; as such, the benefit from these losses may not be realized. The Company has a temporary credit for business loss carryovers that may be utilized to offset its Texas margin tax. The credit amount is $0.5 million ( $0.3 million , tax effected). These credits may be used to offset $13 thousand of state tax liability each year and will expire in 2027. The Company has $0.9 million of alternative minimum tax credit carryforwards available to offset future regular tax liabilities. Uncertain Tax Positions The Company’s change in uncertain tax benefit reserves during 2016 and 2015 were as follows (in thousands): 2016 2015 Balance at July 1 $ 76 $ 72 Additions for tax positions of current period — — Additions for tax positions of prior years — 4 Decreases for tax positions of prior years (76 ) — Balance at June 30 $ — $ 76 As of June 30, 2016 , the Company removed the uncertain tax benefit reserve of approximately $76 thousand . Due to the statute of limitations in California, the Company can no longer recognize the tax benefit related to state taxes. The Company recognizes interest and penalties related to income tax matters in income tax expense. For the year ended June 30, 2016 , the Company did not recognize any interest expense for uncertain tax positions. During the year ended June 30, 2015 , the Company recognized interest expense related to uncertain tax positions of approximately $4 thousand .

Net (Loss) Income per Share

Net (Loss) Income per Share	12 Months Ended
	Jun. 30, 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 income per share is computed on the basis of the weighted average number of shares of common stock 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 shared-based awards. Reconciliation and the components of basic and diluted net (loss) income per share are as follows (in thousands, except per share data): Year Ended 2016 2015 Numerator: Amounts attributable to Astrotech Corporation, basic and diluted: Loss from continuing operations, net of tax $ (13,095 ) $ (9,823 ) Income from discontinued operations, net of tax — 20,601 Net (loss) income attributable to Astrotech Corporation (13,095 ) 10,778 Less: Texas State Fund deemed dividend (Note 16) — 531 Net income (loss) attributable to Astrotech Corporation applicable to common shareholders $ (13,095 ) $ 10,247 Denominator: Denominator for basic and diluted net income (loss) per share attributable to Astrotech Corporation — weighted average common stock outstanding 20,388 19,811 Basic and diluted net (loss) income per common share: Net loss attributable to Astrotech Corporation from continuing operations $ (0.64 ) $ (0.52 ) Net income from discontinued operations — 1.04 Net (loss) income attributable to Astrotech Corporation applicable to common shareholders $ (0.64 ) $ 0.52 All unvested restricted stock awards for the year ended June 30, 2016 are not included in diluted net loss per share, as the impact to net loss per share is anti-dilutive. Options to purchase 957,750 shares of common stock at exercise prices ranging from $0.32 to $3.20 per share outstanding for the year ended June 30, 2016 were not included in diluted net loss per share, as the impact to net loss per share is anti-dilutive. Options to purchase 1,127,750 shares of common stock at exercise prices ranging from $0.32 to $3.20 per share outstanding for the year ended June 30, 2015 were not included in diluted net loss per share, as the impact to net loss per share is anti-dilutive.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Jun. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Employee Benefit Plans	Employee Benefit Plans Astrotech has a defined contribution retirement plan, which covers substantially all employees and officers. For each of the years ended June 30, 2016 and 2015 , the Company has contributed the required match of $0.2 million to the plan. The Company has the right, but not an obligation, to make additional contributions to the plan in future years at the discretion of the Company’s Board of Directors. The Company has not made any additional contributions for the years ended June 30, 2016 and 2015 .

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Company is obligated under non-cancelable operating leases for equipment and office space. Future minimum payments under the operating leases are as follows (in thousands): Year Ended June 30, 2017 $ 509 2018 582 2019 515 2020 330 2021 357 Thereafter 557 Total $ 2,850 Rent expense was approximately $0.4 million and $0.3 million for each of the years ended June 30, 2016 and 2015 , respectively. Astrotech Corporation presently subleases office space consisting of approximately 6,000 square feet in Austin, Texas. The lease began in July 2016 and expires in January 2017 with no provision to renew nor extend the sublease. Astrotech Corporation has signed an agreement to lease office space consisting of approximately 5,000 square feet in Austin, Texas. The lease is to begin in November 2016 and expires in December 2023 with a provision to renew and extend the lease for the entire premise for one renewal term of five years . Astrotech must, in writing, advise the landlord of its intention to renew the lease at least eight months before the expiration of its current lease in order to renew the lease. Astral presently subleases a premise consisting of approximately 4,000 square feet in Austin, Texas. The lease began in July 2015 and expires in May 2018 with no provision to renew nor extend the lease. 1 st Detect presently leases two adjoining premises consisting of approximately 17,000 and 9,000 square feet in the city of Webster, Texas. The original lease began in May 2013 and was to expire in June 2018; these dates were amended in October 2014 with the amended lease beginning February 1, 2015, and expiring April 30, 2020, with provisions to renew and extend the lease for the entire premises, but not less than the entire premises, for two renewal terms of five years each. 1 st Detect must in writing advise the landlord of its intention to renew the lease at least six months before the expiration of its current lease in order to renew the lease. Employment Contracts The Company has entered into an employment contract with a key executive. Generally, certain amounts may become payable in the event the Company terminates the executive’s employment. Legal Proceedings The Company is not party to, nor are its properties the subject of, any material pending legal proceedings, other than as set forth below: Astrotech was 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 at the time. 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.

State of Texas Funding

State of Texas Funding	12 Months Ended
	Jun. 30, 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 controls, 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. In August 2014 1 st Detect settled the note payable 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.

Segment Information

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 1 st Detect and Astrogenetix currently reside in Astro Scientific: 1 st Detect - 1 st 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 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 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 Year Ended Revenue and Income 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 Year Ended Assets Fixed Total Assets Fixed 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 Year Ended Depreciation & Amortization and Capital Expenditures 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

Subsequent Events

Subsequent Events	12 Months Ended
	Jun. 30, 2016
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Subsequent to June 30, 2016 , Astrotech Corporation subleased premises consisting of approximately 6,000 square feet in the city of Austin, Texas. The sublease is from July 2016 to January 2017 for approximately $6 thousand per month.

Summary of Significant Accoun26

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation The consolidated financial statements include the accounts of Astrotech Corporation and its majority-owned subsidiaries that are required to be consolidated. All intercompany transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that directly affect the amounts reported in the Company’s consolidated financial statements and accompanying notes. Management continuously evaluates its critical accounting policies and estimates, including those used in evaluating the recoverability of long-lived assets, recognition of revenue, valuation of inventory, and the recognition and measurement of loss contingencies, if any.
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.
Construction-Type and Production-Type Contracts	A portion of the Company’s revenue is derived from contracts to manufacture mass spectrometers to a buyer’s specification. These contracts are accounted for under the provisions of FASB ASC Topic 605-35 “Revenue Recognition: Construction-Type and Production-Type Contracts”. These contracts are fixed-price and are recorded on the percentage of completion basis using the ratio of costs incurred to estimated total costs at completion as the measurement basis for progress toward completion and revenue recognition. Any losses identified on contracts are recognized immediately. Contract accounting requires significant judgment relative to assessing risks, estimating contract costs and making related assumptions for schedule and technical issues. With respect to contract change orders, claims, or similar items, judgment must be used in estimating related amounts and assessing the potential for realization. These amounts are only included in contract value when they can be reliably estimated and realization is probable. The Company enters into fixed-priced subcontracts on government projects that are one to two years long. Revenue from certain long-term, integrated project management contracts to provide new prototypes and completion services is reported on the percentage-of-completion method of accounting. At the outset of each contract, we prepare a detailed analysis of our estimated cost to complete the project, and our progress is based on the percentage of cost incurred. Risks related to service delivery, usage, productivity, and other factors are considered in the estimation process. The recording of profits and losses on long-term contracts requires an estimate of the total profit or loss over the life of each contract. This estimate requires consideration of total contract value, change orders, and claims, less costs incurred and estimated costs to complete. Anticipated losses on contracts are recorded in full in the period in which they become evident. Profits are recorded based upon the total estimated contract profit times the current percentage complete for the contract.
Research and Development	Research and Development Research and development costs are expensed as incurred. Income from the sale of prototype units in 1 st Detect is booked as an offset to research and development and will continue to be booked accordingly until the Company transitions to full production.
Net Income (Loss) Earnings per Share	Net Income (Loss) Earnings per Share Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted net income per share includes all common stock options and other common stock equivalents that potentially may be issued as a result of conversion privileges unless the impact is considered anti-dilutive (see Note 13 ).
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers short-term investments with original maturities of three months or less to be cash equivalents. Cash equivalents are comprised primarily of operating cash accounts, money market investments, and certificates of deposits.
Accounts Receivable	Accounts Receivable The carrying value of the Company’s accounts receivable, net of the allowance for doubtful accounts, represents their estimated net realizable value. Astrotech estimates the allowance for doubtful accounts based on type of customer, age of outstanding receivable, historical collection trends, and existing economic conditions. If events or changes in circumstances indicate that a specific receivable balance may be unrealizable, further consideration is given to the collectability of those balances, and the allowance is adjusted accordingly. Receivable balances deemed uncollectible are written off against the allowance.
Inventory	Inventory The Company computes inventory cost on a first-in, first-out basis, and inventory is valued at the lower of cost or market. The valuation of inventory also requires the Company to estimate obsolete and excess inventory as well as inventory that is not of saleable quality.
Property and Equipment	Property and Equipment Property and equipment are stated at cost. All furniture, fixtures, and equipment are depreciated using the straight-line method over the estimated useful lives of the respective assets, which is generally five years . Purchased software is typically depreciated over three years ; however, Astral’s proprietary software, Astral HDR ICE™, is being depreciated over seven years as this is management’s best estimate of useful life of this platform. Leasehold improvements are amortized over the shorter of the useful life of the improvement or the term of the lease. Repairs and maintenance are expensed when incurred.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company reviews long-lived assets and certain identifiable intangibles for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future undiscounted net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Astrotech’s financial instruments consist of cash and cash equivalents, accounts receivable, accounts payable, investments, and accrued liabilities. The Company’s management believes the carrying amounts of these assets and liabilities approximates their fair value.
Available-for-Sale Investments	Available-for-Sale Investments Investments that are designated as available-for-sale are reported at fair value, with unrealized gains and losses recorded in accumulated other comprehensive (loss) income. The Company determines the cost of the investment sold based on a first-in, first-out cost basis at the individual security level. The Company’s investments are subject to a periodic impairment review and are evaluated based on the specific facts and circumstances present at the time of assessment, which include the consideration of general market conditions, the duration and extent to which the fair value is below cost, and the Company’s ability and intent to hold the investment for a sufficient period of time to allow for recovery of value in the foreseeable future. The Company also considers specific adverse conditions related to the financial health of, and the business outlook for, the investee, which may include industry and sector performance, changes in technology, operational and financing cash flow factors, and changes in the investee’s credit rating. The Company records other than temporary impairments on marketable equity securities and marketable equity method investments in gains (losses) on equity investments, net of gains (losses).
Held-to-Maturity Investments	Held-to-Maturity Investments Investments that are designated as held-to-maturity investments are reported at historical amortized costs. These are investments the Company intends to hold until maturity. The Company’s investments are subject to a periodic impairment review. The Company will write down any investment that the Company does not expect to recover the entire amortized cost basis of the instrument. The Company separates other than temporary impairments into amounts representing credit losses, which are recognized in interest and other, net income (expense) items, and amounts related to all other factors, which are recognized in other comprehensive (loss) income.
Operating Leases	Operating Leases The Company leases space under operating leases. Lease agreements often include tenant improvement allowances, rent holidays, and rent escalation clauses, as defined in the respective lease agreements. Most of the Company’s lease agreements include renewal periods at the Company’s option. The Company recognizes rent holiday periods, tenant improvement allowances, and scheduled rent increases on a straight-line basis over the lease term beginning with the date the Company takes possession of the leased property. The Company records tenant improvement allowances and rent holidays as deferred rent liabilities on the consolidated balance sheets and amortizes the deferred rent over the terms of the lease to rent expense on the consolidated statements of operations.
Share Based Compensation	Share-Based Compensation The Company accounts for share-based awards to employees based on the fair value of the award on the grant date. The fair value of stock options is estimated using the expected dividend yields of the Company’s stock, the expected volatility of the stock, the expected length of time the options remain outstanding, and the risk-free interest rates. Changes in one or more of these factors may significantly affect the estimated fair value of the stock options. The Company recognizes forfeitures as they occur. The fair value of awards that are likely to meet goals, if any, are recorded as an expense over the vesting period (see Note 11 for more information).
Noncontrolling Interest	Noncontrolling Interest Noncontrolling interest accounting is applied for any entities where the Company maintains more than 50% and less than 100% ownership. The Company clearly identifies the noncontrolling interest in the balance sheets and income statements. The Company also discloses three measures of net income (loss): net income (loss), net loss attributable to noncontrolling interest, and net income (loss) attributable to Astrotech Corporation. The Company’s operating cash flows in its consolidated statements of cash flows reflect net income (loss), while basic and diluted earnings per share calculations reflect net income (loss) attributable to Astrotech Corporation. The noncontrolling interest balance of $(40) thousand and $299 thousand at June 30, 2016 and June 30, 2015 , respectively, represents an interest by a minority shareholder in one of the Company’s subsidiaries more fully discussed in Note 5 .
State of Texas Funding	State of Texas Funding The Company accounted for the State of Texas funding in its majority owned subsidiary 1 st Detect as a contribution of capital and had reflected the $1.8 million in the equity section of the consolidated balance sheet. At June 30, 2014, this represented a noncontrolling interest balance of $ 1.8 million , which was settled in August 2014 for $ 2.3 million (see Note 16 for more information).
Income Taxes	Income Taxes The Company accounts for income taxes under the liability method, whereby deferred tax asset or liability account balances are determined based on the difference between the financial statement and the tax bases of assets and liabilities using current tax laws and rates in effect for the year in which the differences are expected to affect taxable income. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the period that includes the enactment date. A valuation allowance is established when it is more likely than not that some portion or all of the deferred tax assets will not be realized.
Treasury Stock	Treasury Stock The Company records treasury stock at the cost to acquire it and includes treasury stock as a component of stockholders’ equity.
Accounting Pronouncements	Accounting Pronouncements In May 2014 the FASB issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606), which supersedes the revenue recognition requirements in ASC 605, Revenue Recognition (as updated by ASU 2015-14 in August 2015 and ASU 2016-08 in March 2016). The core principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance provides a five-step process to achieve that core principle. ASU 2014-09 requires disclosures enabling users of financial statements to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. Additionally, qualitative and quantitative disclosures are required about contracts with customers, significant judgments and changes in judgments, and assets recognized from the costs to obtain or fulfill a contract. ASU 2014-09 was to be effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. ASU 2015-14 delayed the required adoption date for public entities to periods beginning after December 15, 2017, although early adoption to the original effective date under ASU 2014-09 is permitted. Once implemented, the Company can use one of two retrospective application methods for prior periods. Earlier application is not permitted. The Company expects this pronouncement to effect the timing of when revenue is recognized, but not the amount. The Company plans to adopt this standard in fiscal year 2019. The Company is still to determine the method of adoption. In July 2015 the FASB issued ASU No. 2015-11, “Simplifying the Measurements of Inventory” (“ASU 2015-11”). ASU 2015-11 requires management to evaluate inventory at the lower of cost and net realizable value. The amendments in this ASU are effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Earlier application is permitted by all entities as of the beginning of an interim or annual reporting period. The Company is in the process of assessing the impact, if any, on its consolidated financial statements. In November 2015 the FASB issued 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. The Company will adopt ASU 2015-17 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 for 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 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 the Company’s financial statements. The Company 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. ASU 2016-09 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. In June 2016 the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”). ASU 2016-13 amends guidance on reporting credit losses for assets held at amortized cost basis and available-for-sale debt securities. For assets held at amortized cost basis, ASU 2016-13 eliminates the probable initial recognition threshold in current generally accepted accounting standards, and, instead, requires an entity to reflect its current estimate of all expected credit losses. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial assets to present the net amount expected to be collected. For available-for-sale debt securities, credit losses should be measured in a manner similar to current generally accepted accounting standards; however, ASU 2016-13 will require that credit losses be presented as an allowance rather than as a write-down. ASU 2016-13 affects entities holding financial assets and net investment in leases that are not accounted for at fair value through net income. This amendment affects loans, debt securities, trade receivables, net investments in leases, off balance sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company is currently evaluating the impact the adoption of this standard will have on its financial statements. In August 2016 the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments” (“ASU 2016-15”). ASU 2016-15 will make eight targeted changes to how cash receipts and cash payments are presented and classified in the statement of cash flows. ASU 2016-15 is effective for fiscal years beginning after December 15, 2017. The new standard will require adoption on a retrospective basis unless it is impracticable to apply, in which case it would be required to apply the amendments prospectively as of the earliest date practicable. The Company is currently in the process of evaluating the impact of adoption on its consolidated financial statements.

Investments (Tables)

Investments (Tables)	12 Months Ended
	Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Schedule of available-for-sale securities	Carrying Value Short-Term Investments Long-Term Investments (In thousands) June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 Mutual Funds - Corporate & Government Debt $ 12,807 $ 17,227 $ — $ — Time Deposits Maturities from 1-90 days 2,243 1,496 — — Maturities from 91-360 days 1,699 4,438 — — Maturities over 360 days — — 1,048 4,990 Fixed Income Bonds Maturities less than 1 year 353 — — — Maturities from 1-3 years — — 3,160 2,073 Maturities from 3-5 years — — — 1,453 Total $ 17,102 $ 23,161 $ 4,208 $ 8,516 The following tables summarize gains and losses related to the Company’s investments: Available-for-Sale June 30, 2016 (In thousands) Adjusted Unrealized Unrealized Fair Cost Gain Loss Value Mutual Funds - Corporate & Government Debt $ 12,908 $ — $ (101 ) $ 12,807 Total $ 12,908 $ — $ (101 ) $ 12,807 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	Carrying Value Short-Term Investments Long-Term Investments (In thousands) June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 Mutual Funds - Corporate & Government Debt $ 12,807 $ 17,227 $ — $ — Time Deposits Maturities from 1-90 days 2,243 1,496 — — Maturities from 91-360 days 1,699 4,438 — — Maturities over 360 days — — 1,048 4,990 Fixed Income Bonds Maturities less than 1 year 353 — — — Maturities from 1-3 years — — 3,160 2,073 Maturities from 3-5 years — — — 1,453 Total $ 17,102 $ 23,161 $ 4,208 $ 8,516 Held-to-Maturity June 30, 2016 (In thousands) Carrying Unrealized Unrealized Fair Value Gain Loss Value Fixed Income Bonds $ 3,513 $ 11 $ (6 ) $ 3,518 Time Deposits 4,990 7 — 4,997 Total $ 8,503 $ 18 $ (6 ) $ 8,515 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 & Gai28

Discontinued Operations & Gain on the Sale of the ASO Business Unit (Tables)	12 Months Ended
	Jun. 30, 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 the former ASO business unit to the amounts reported in the consolidated statements of operations (in thousands): Year Ended 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 — 25,436 Income tax expense — (6,138 ) Income on discontinued operations $ — $ 20,601 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 the former ASO business $ 25,436

Noncontrolling Interest (Tables

Noncontrolling Interest (Tables)	12 Months Ended
	Jun. 30, 2016
Noncontrolling Interest [Abstract]
Schedule of noncontrolling interest	(In thousands) 2016 2015 Beginning balance $ 299 $ 1,800 Net loss attributable to noncontrolling interest (339 ) (123 ) Repayment of State of Texas Emerging Technology Fund — (1,800 ) Noncontrolling interest funding of Astral — 422 Ending balance $ (40 ) $ 299 The following table details the contributions from the Company and the minority interest owner and the Company’s ownership percentage of Astral: (In thousands) Astrotech Minority Owner Astrotech Ownership Initial investment $ 1,422 $ 422 72 % Additional contributions made in fiscal year 2015 1,000 — 83 % Additional contributions made in fiscal year 2016 3,000 — 92 % Total Contributions $ 5,422 $ 422

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Jun. 30, 2016
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	As of June 30, 2016 and 2015 , property and equipment consisted of the following (in thousands): June 30, 2016 2015 Furniture, Fixtures, Equipment & Leasehold Improvements $ 2,856 $ 2,946 Software 2,074 1,132 Capital Improvements in Progress 9 1,976 Gross Property and Equipment 4,939 6,054 Accumulated Depreciation (1,547 ) (2,946 ) Property and Equipment, net $ 3,392 $ 3,108

Accrued Liabilities and Other31

Accrued Liabilities and Other Liabilities (Tables)	12 Months Ended
	Jun. 30, 2016
Payables and Accruals [Abstract]
Schedule of accrued liabilities	The following table represents the balances of accrued liabilities and other liabilities on the consolidated balance sheet as of June 30, 2016 and 2015 (in thousands): June 30, 2016 June 30, 2015 Accrued payroll, bonuses, and other payroll related liabilities $ 1,000 $ 909 Accrued expenses 327 679 Deferred revenue 54 60 Other current liabilities 182 153 Total $ 1,563 $ 1,801
Schedule of other current liabilities	The following table represents the balances of accrued liabilities and other liabilities on the consolidated balance sheet as of June 30, 2016 and 2015 (in thousands): June 30, 2016 June 30, 2015 Accrued payroll, bonuses, and other payroll related liabilities $ 1,000 $ 909 Accrued expenses 327 679 Deferred revenue 54 60 Other current liabilities 182 153 Total $ 1,563 $ 1,801

Fair Value of Financial Instr32

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Jun. 30, 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 June 30, 2016 and June 30, 2015 : June 30, 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 $ 12,807 $ 12,807 $ — $ — $ 12,807 Held-to-Maturity Securities Bonds: 0-1 year 353 352 352 Bonds: 1-3 years 3,160 — 3,166 — 3,166 Bonds: 3-5 years — — — — — Time deposits: 1-90 days 2,243 — 2,244 — 2,244 Time deposits: 91-360 days 1,699 — 1,703 — 1,703 Time deposits: over 360 days 1,048 — 1,050 — 1,050 Total $ 21,310 $ 12,807 $ 8,515 $ — $ 21,322 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: 0-1 year — — — — — 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

Business Risk and Credit Risk33

Business Risk and Credit Risk Concentration Involving Cash (Tables)	12 Months Ended
	Jun. 30, 2016
Risks and Uncertainties [Abstract]
Schedule of concentrations of sales and accounts receivable	The following tables summarize the concentrations of sales and trade accounts receivable percentages for the Company’s three customers: Year Ended Year Ended Percentage of Total Sales Percentage of Total Sales NGCD Partner 61 % 100 % DHS S&T Partner 30 % — % A Japanese aerospace company 9 % — % June 30, 2016 June 30, 2015 Percentage of Trade A/R Percentage of Trade A/R NGCD Partner — % — % DHS S&T Partner 100 % — % A Japanese aerospace company — % — %

Common Stock Incentive, Stock34

Common Stock Incentive, Stock Purchase Plans and Other Compensation Plans (Tables)	12 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of stock options activity	The Company’s stock option activity for the years ended June 30, 2016 and 2015 was as follows: Shares (In thousands) Weighted Average Exercise Price Outstanding at June 30, 2014 875 $ 0.91 Granted 409 2.76 Exercised (149 ) 0.75 Canceled or expired (7 ) 14.01 Outstanding at June 30, 2015 1,128 $ 1.53 Granted 170 1.50 Exercised (16 ) 1.09 Canceled or expired (324 ) 2.56 Outstanding at June 30, 2016 958 $ 1.18
Schedule of intrinsic value of options exercisable	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 4.14 $ 0.60 432,750 $ 0.60 $1.20 – 1.50 430,000 7.56 1.32 430,000 1.32 $3.20 – 3.20 95,000 8.78 3.20 45,003 3.20 $0.32 – 3.20 957,750 6.14 $ 1.18 907,753 $ 1.06
Schedule of restricted stock activity	The Company’s restricted stock activity for the years ended June 30, 2016 and 2015 , was as follows: Shares (In thousands) Weighted Average Grant-Date Fair Value Outstanding at June 30, 2014 8 $ 0.75 Granted 336 3.16 Vested (8 ) 0.75 Canceled or expired — — Outstanding at June 30, 2015 336 $ 3.16 Granted 35 2.02 Vested (112 ) 2.79 Canceled or expired (104 ) 3.20 Outstanding at June 30, 2016 155 $ 3.14
Schedule of share-based compensation fair value	The assumptions used for the years ended June 30, 2016 and 2015 and the resulting estimates of weighted-average fair value per share of options granted are summarized in the following table: Year ended Year ended Expected Dividend Yield — % — % Expected Volatility 109 % 109 % Risk-Free Interest Rates 0.65 % 2.18 % Expected Option Life (in years) 8.71 10.00 Weighted-average grant-date fair value of options awarded $ 1.18 $ 0.70

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Schedule of components of income tax expense	The components of income tax benefit from continuing operations are as follows (in thousands): Year Ended June 30, 2016 2015 Current Federal $ (29 ) $ (5,414 ) State and local 4 (527 ) Foreign — — $ (25 ) $ (5,941 ) Deferred Federal — — State and local — — Foreign — — Total tax benefit from continuing operations $ (25 ) $ (5,941 )
Schedule of components of income tax expense related to discontinued operations	The components of income tax expense from discontinued operations are as follows (in thousands): Year Ended June 30, 2015 2014 Current Federal $ — $ 5,611 State and local — 527 Foreign — — $ — $ 6,138 Deferred Federal — — State and local — — Foreign — — Total tax expense from discontinued operations $ — $ 6,138
Schedule of effective income tax rate reconciliation	A reconciliation of the reported income tax expense (benefit) to the amount that would result by applying the U.S. Federal statutory rate to the income (loss) before income taxes to the actual amount of income tax expense (benefit) recognized follows (in thousands): Year Ended June 30, 2016 2015 Expected benefit $ (4,576 ) $ (5,414 ) State tax expense 4 — Change in temporary tax adjustments not recognized 4,414 5,589 Other permanent items 133 22 Total income tax benefit (expense) $ (25 ) $ 197
Schedule of deferred tax assets and liabilities	The Company’s deferred tax assets as of June 30, 2016 and 2015 consist of the following (in thousands): Year Ended June 30, 2016 2015 Deferred tax assets: Net operating loss carryforwards $ 15,704 $ 10,869 Alternative minimum tax credit carryforwards 857 868 Accrued expenses and other timing 1,473 912 Total gross deferred tax assets $ 18,034 $ 12,649 Less — valuation allowance (17,939 ) (11,887 ) Net deferred tax assets $ 95 $ 762 Deferred tax liabilities: Property and equipment, principally due to differences in depreciation $ (95 ) $ (762 ) Total gross deferred tax liabilities $ (95 ) $ (762 ) Net deferred tax assets (liabilities) $ — $ —
Schedule of uncertain tax benefit reserves	The Company’s change in uncertain tax benefit reserves during 2016 and 2015 were as follows (in thousands): 2016 2015 Balance at July 1 $ 76 $ 72 Additions for tax positions of current period — — Additions for tax positions of prior years — 4 Decreases for tax positions of prior years (76 ) — Balance at June 30 $ — $ 76

Net (Loss) Income per Share (Ta

Net (Loss) Income per Share (Tables)	12 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Schedule of earnings per share diluted	Reconciliation and the components of basic and diluted net (loss) income per share are as follows (in thousands, except per share data): Year Ended 2016 2015 Numerator: Amounts attributable to Astrotech Corporation, basic and diluted: Loss from continuing operations, net of tax $ (13,095 ) $ (9,823 ) Income from discontinued operations, net of tax — 20,601 Net (loss) income attributable to Astrotech Corporation (13,095 ) 10,778 Less: Texas State Fund deemed dividend (Note 16) — 531 Net income (loss) attributable to Astrotech Corporation applicable to common shareholders $ (13,095 ) $ 10,247 Denominator: Denominator for basic and diluted net income (loss) per share attributable to Astrotech Corporation — weighted average common stock outstanding 20,388 19,811 Basic and diluted net (loss) income per common share: Net loss attributable to Astrotech Corporation from continuing operations $ (0.64 ) $ (0.52 ) Net income from discontinued operations — 1.04 Net (loss) income attributable to Astrotech Corporation applicable to common shareholders $ (0.64 ) $ 0.52
Schedule of earnings per share basic	Reconciliation and the components of basic and diluted net (loss) income per share are as follows (in thousands, except per share data): Year Ended 2016 2015 Numerator: Amounts attributable to Astrotech Corporation, basic and diluted: Loss from continuing operations, net of tax $ (13,095 ) $ (9,823 ) Income from discontinued operations, net of tax — 20,601 Net (loss) income attributable to Astrotech Corporation (13,095 ) 10,778 Less: Texas State Fund deemed dividend (Note 16) — 531 Net income (loss) attributable to Astrotech Corporation applicable to common shareholders $ (13,095 ) $ 10,247 Denominator: Denominator for basic and diluted net income (loss) per share attributable to Astrotech Corporation — weighted average common stock outstanding 20,388 19,811 Basic and diluted net (loss) income per common share: Net loss attributable to Astrotech Corporation from continuing operations $ (0.64 ) $ (0.52 ) Net income from discontinued operations — 1.04 Net (loss) income attributable to Astrotech Corporation applicable to common shareholders $ (0.64 ) $ 0.52

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Schedule of contractual obligation fiscal year maturity	Future minimum payments under the operating leases are as follows (in thousands): Year Ended June 30, 2017 $ 509 2018 582 2019 515 2020 330 2021 357 Thereafter 557 Total $ 2,850

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Schedule of segment reporting information by segment	Key financial metrics of the Company’s segments for the years ended June 30, 2016 and 2015 are as follows: Year Ended Year Ended Revenue and Income 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 Year Ended Assets Fixed Total Assets Fixed 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 Year Ended Depreciation & Amortization and Capital Expenditures 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

Description of the Company an39

Description of the Company and Operating Environment (Details)	12 Months Ended
	Jun. 30, 2016segmentreportable_unit
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable business units | reportable_unit	2
Number of operating segments | segment	2

Summary of Significant Accoun40

Summary of Significant Accounting Policies (Detail Textuals) - USD ($)	1 Months Ended	12 Months Ended
	Aug. 31, 2014	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Property, Plant and Equipment [Line Items]
Research and development		$ 6,469,000	$ 3,234,000
Allowance for doubtful accounts		$ 0	0
Estimated useful life		5 years
Impairment of long-lived assets		$ 0	0
Noncontrolling interest		$ (40,000)	$ 299,000	$ 1,800,000
Texas emerging technology fund | 1st Detect
Property, Plant and Equipment [Line Items]
Disbursement of fund for development and marketing				1,800,000
Noncontrolling interest portion of debt				$ 1,800,000
Payment of common stock repurchase right	$ 2,300,000
Minimum
Property, Plant and Equipment [Line Items]
Revenue recognition, fixed price subcontract on government project, term		1 year
Maximum
Property, Plant and Equipment [Line Items]
Revenue recognition, fixed price subcontract on government project, term		2 years
Purchased Software
Property, Plant and Equipment [Line Items]
Estimated useful life		3 years
Purchased Software | Astral Images, Inc
Property, Plant and Equipment [Line Items]
Estimated useful life		7 years

Investments - Available-for-sal

Investments - Available-for-sale securities (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
Schedule of Available-for-sale Securities [Line Items]
Adjusted Costs	$ 12,908	$ 17,250
Unrealized Gain	0	6
Unrealized Loss	(101)	(29)
Fair value	12,807	17,227
Mutual Funds - Corporate & Government Debt
Schedule of Available-for-sale Securities [Line Items]
Adjusted Costs	12,908	17,250
Unrealized Gain	0	6
Unrealized Loss	(101)	(29)
Fair value	$ 12,807	$ 17,227

Investments - Held-to-maturity

Investments - Held-to-maturity securities (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
Schedule of Held-to-maturity Securities [Line Items]
Carrying Value	$ 8,503	$ 14,450
Unrealized Gain	18	11
Unrealized Loss	(6)	(37)
Fair Value	8,515	14,424
Fixed Income Bonds
Schedule of Held-to-maturity Securities [Line Items]
Carrying Value	3,513	3,526
Unrealized Gain	11	0
Unrealized Loss	(6)	(32)
Fair Value	3,518	3,494
Time Deposits
Schedule of Held-to-maturity Securities [Line Items]
Carrying Value	4,990	10,924
Unrealized Gain	7	11
Unrealized Loss	0	(5)
Fair Value	$ 4,997	$ 10,930

Investments - Carrying Value (D

Investments - Carrying Value (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
Mutual Funds - Corporate & Government Debt
Available-for-sale securities	$ 12,807	$ 17,227
Time Deposits
Held-to-maturity securities, 1-90 days	2,243	1,496
Held-to-maturity securities, 91-360 days	1,699	4,438
Held-to-maturity securities, over 360 days	1,048	4,990
Fixed Income Bonds
Held-to-maturity securities, remaining maturities less than 1 year	353
Held-to-maturity securities, remaining maturities from 1-3 years	3,160	2,073
Held-to-maturity securities, remaining maturities from 3-5 years		1,453
Held-to-maturity securities	8,503	14,450
Short-term Investments
Fixed Income Bonds
Available-for-sale securities and held-to-maturity securities	17,102	23,161
Long Term Investments
Fixed Income Bonds
Held-to-maturity securities	4,208	8,516
Mutual Funds - Corporate & Government Debt
Mutual Funds - Corporate & Government Debt
Available-for-sale securities	12,807	17,227
Mutual Funds - Corporate & Government Debt | Short-term Investments
Mutual Funds - Corporate & Government Debt
Available-for-sale securities	12,807	17,227
Time Deposits
Fixed Income Bonds
Held-to-maturity securities	4,990	10,924
Time Deposits | Short-term Investments
Time Deposits
Held-to-maturity securities, 1-90 days	2,243	1,496
Held-to-maturity securities, 91-360 days	1,699	4,438
Time Deposits | Long Term Investments
Time Deposits
Held-to-maturity securities, over 360 days	1,048	4,990
Fixed Income Bonds
Fixed Income Bonds
Held-to-maturity securities	3,513	3,526
Fixed Income Bonds | Short-term Investments
Fixed Income Bonds
Held-to-maturity securities, remaining maturities less than 1 year	353
Fixed Income Bonds | Long Term Investments
Fixed Income Bonds
Held-to-maturity securities, remaining maturities from 1-3 years	$ 3,160	2,073
Held-to-maturity securities, remaining maturities from 3-5 years		$ 1,453

Discontinued Operations & Gai44

Discontinued Operations & Gain on the Sale of the ASO Business Unit (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Receivable for indemnity holdback	$ 0	$ 6,100
Gain on sale of the former ASO business		25,400
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		53,189
Receivable for indemnity holdback	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 the former ASO business	$ 0	$ 25,436

Discontinued Operations & Gai45

Discontinued Operations & Gain on the Sale of the ASO Business Unit (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on sale of discontinued operations		$ 25,400
Income tax expense	$ 0	(6,138)
Income from discontinued operations	0	20,601
Astrotech Space Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue	0	2,807
Cost of revenue	0	(1,313)
Selling, general and administrative	0	(128)
Other expense, net	0	(63)
Gain on sale of discontinued operations	0	25,436
Income tax expense	0	(6,138)
Income from discontinued operations	$ 0	$ 20,601

Discontinued Operations & Gai46

Discontinued Operations & Gain on the Sale of the ASO Business Unit (Detail Textuals) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Aug. 31, 2014	Jun. 30, 2016	Jun. 30, 2015	Feb. 25, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Indemnity holdback		$ 0	$ 6,100
Indemnity holdback released, percent				100.00%
Interest expense, debt			63
Gain on sale of discontinued operations			25,400
Astrotech Space Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sale of business unit	$ 61,000	59,300
Working capital		1,700
Indemnity holdback		6,100	6,100
Gain on sale of discontinued operations		$ 0	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

Noncontrolling Interest - Inter

Noncontrolling Interest - Interest Held (Details) - USD ($) $ in Thousands	Mar. 31, 2015	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016
Noncontrolling Interest [Line Items]
Contributions made			$ 0	$ 422
Ownership interest	72.00%	83.00%	92.00%	83.00%	92.00%
Astrotech
Noncontrolling Interest [Line Items]
Contributions made	$ 1,422	$ 1,000	$ 3,000		$ 5,422
Minority Owner
Noncontrolling Interest [Line Items]
Contributions made	$ 422	$ 0	$ 0		$ 422

Noncontrolling Interest (Detail

Noncontrolling Interest (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Movement In Minority Interest [Roll Forward]
Beginning balance	$ 299	$ 1,800
Net loss attributable to noncontrolling interest	(339)	(123)
Repayment of State of Texas Emerging Technology Fund	0	(1,800)
Noncontrolling interest funding of Astral	0	422
Ending balance	$ (40)	$ 299

Noncontrolling Interest (Deta49

Noncontrolling Interest (Detail Textuals) - USD ($) $ in Thousands	1 Months Ended
	Aug. 31, 2014	Jun. 30, 2016	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2014
Noncontrolling Interest [Line Items]
Noncontrolling interest		$ (40)	$ 299		$ 1,800
Company share of income and losses of subsidiaries		92.00%	83.00%	72.00%
Texas emerging technology fund | 1st Detect
Noncontrolling Interest [Line Items]
Payment of common stock repurchase right	$ 2,300
Astral Images, Inc
Noncontrolling Interest [Line Items]
Company share of income and losses of subsidiaries		92.00%	83.00%	72.00%

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
Property, Plant and Equipment [Line Items]
Gross Property and Equipment	$ 4,939	$ 6,054
Accumulated Depreciation	(1,547)	(2,946)
Property and Equipment, net	3,392	3,108
Furniture, Fixtures, Equipment & Leasehold Improvements
Property, Plant and Equipment [Line Items]
Gross Property and Equipment	2,856	2,946
Software
Property, Plant and Equipment [Line Items]
Gross Property and Equipment	2,074	1,132
Capital Improvements in Progress
Property, Plant and Equipment [Line Items]
Gross Property and Equipment	$ 9	$ 1,976

Property and Equipment (Detail

Property and Equipment (Detail Textuals) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Depreciation and amortization expense	$ 0.6	$ 0.3

Accrued Liabilities and Other52

Accrued Liabilities and Other Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
Payables and Accruals [Abstract]
Accrued payroll, bonuses, and other payroll related liabilities	$ 1,000	$ 909
Accrued expenses	327	679
Deferred revenue	54	60
Other current liabilities	182	153
Total	$ 1,563	$ 1,801

Debt (Detail Textuals)

Debt (Detail Textuals) - USD ($)	Jun. 30, 2016	Jun. 30, 2015	Aug. 31, 2014	Oct. 31, 2010
Credit Facility [Line Items]
Long-term debt	$ 0	$ 0
Secured Debt
Credit Facility [Line Items]
Credit facility, maximum borrowing capacity				$ 7,000,000
Credit facility balance			$ 5,700,000
Revolving Credit Facility
Credit Facility [Line Items]
Credit facility, maximum borrowing capacity				$ 3,000,000

Fair Value of Financial Instr54

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	$ 12,807	$ 17,227
Available-for-sale securities, fair value	12,807	17,227
Held-to-maturity securities, remaining maturities less than 1 year	353
Held-to-maturity securities, remaining maturities less than 1 year, fair value	352
Held-to-maturity securities, remaining maturities from 1-3 years	3,160	2,073
Held-to-maturity securities, remaining maturities from 1-3 years, fair value	3,166	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, 1-90 days	2,243	1,496
Held-to-maturity securities, 1-90 days, fair value	2,244	1,496
Held-to-maturity securities, 91-360 days	1,699	4,438
Held-to-maturity securities, 91-360 days, fair value	1,703	4,440
Held-to-maturity securities, over 360 days	1,048	4,990
Held-to-maturity securities, over 360 days, fair value	1,050	4,993
Investments	21,310	31,677
Investments, fair value	21,322	31,651
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, fair value	12,807	17,227
Investments, fair value	12,807	17,227
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Held-to-maturity securities, remaining maturities less than 1 year, fair value	352
Held-to-maturity securities, remaining maturities from 1-3 years, fair value	3,166	2,057
Held-to-maturity securities, remaining maturities from 3-5 years, fair value		1,438
Held-to-maturity securities, 1-90 days, fair value	2,244	1,496
Held-to-maturity securities, 91-360 days, fair value	1,703	4,440
Held-to-maturity securities, over 360 days, fair value	1,050	4,993
Investments, fair value	$ 8,515	$ 14,424

Business Risk and Credit Risk55

Business Risk and Credit Risk Concentration Involving Cash (Details) - Customer concentration risk	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Consolidated revenues
Concentration Risk [Line Items]
Concentration risk, percentage	100.00%
Battelle Memorial Institute | Consolidated revenues
Concentration Risk [Line Items]
Concentration risk, percentage	61.00%	100.00%
Battelle Memorial Institute | Accounts receivable
Concentration Risk [Line Items]
Concentration risk, percentage	0.00%	0.00%
Incumbent Provider of IMS Instrumentation | Consolidated revenues
Concentration Risk [Line Items]
Concentration risk, percentage	30.00%	0.00%
Incumbent Provider of IMS Instrumentation | Accounts receivable
Concentration Risk [Line Items]
Concentration risk, percentage	100.00%	0.00%
A Japanese aerospace company | Consolidated revenues
Concentration Risk [Line Items]
Concentration risk, percentage	9.00%	0.00%
A Japanese aerospace company | Accounts receivable
Concentration Risk [Line Items]
Concentration risk, percentage	0.00%	0.00%

Business Risk and Credit Risk56

Business Risk and Credit Risk Concentration Involving Cash (Detail Textuals)	12 Months Ended
	Jun. 30, 2016customer	Jun. 30, 2015customer	Oct. 31, 2008USD ($)
Concentration Risk [Line Items]
FDIC insurance amount per depositor | $			$ 250,000
Consolidated revenues | Customer concentration risk
Concentration Risk [Line Items]
Number of customers | customer	3	1
Concentration risk, percentage	100.00%

Common Stock Incentive, Stock57

Common Stock Incentive, Stock Purchase Plans and Other Compensation Plans (Details) - $ / shares shares in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Shares
Outstanding, beginning of period (in shares)	1,128	875
Granted (in shares)	170	409
Exercised (in shares)	(16)	(149)
Cancelled or expired (in shares)	(324)	(7)
Outstanding, end of period (in shares)	958	1,128
Weighted Average Exercise Price
Outstanding, beginning of period (in dollars per share)	$ 1.53	$ 0.91
Granted (in dollars per share)	1.50	2.76
Exercised (in dollars per share)	1.09	0.75
Cancelled or expired (in dollars per share)	2.56	14.01
Outstanding, end of period (in dollars per share)	$ 1.18	$ 1.53

Common Stock Incentive, Stock58

Common Stock Incentive, Stock Purchase Plans and Other Compensation Plans (Details 1) - $ / shares	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price lower range (in dollars per share)	$ 0.32	$ 0.32
Exercise price upper range (in dollars per share)	$ 3.2	$ 3.2
$0.32 - 0.71
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number Outstanding (in shares)	432,750
Options Outstanding Weighted- Average Remaining Contractual Life (years)	4 years 1 month 20 days
Weighted- Average Exercise Price (in dollars per share)	$ 0.60
Number Exercisable (in shares)	432,750
Options Exercisable Weighted- Average Exercise Price (in dollars per share)	$ 0.60
Exercise price lower range (in dollars per share)	0.32
Exercise price upper range (in dollars per share)	$ 0.71
$1.20 - 1.50
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number Outstanding (in shares)	430,000
Options Outstanding Weighted- Average Remaining Contractual Life (years)	7 years 6 months 22 days
Weighted- Average Exercise Price (in dollars per share)	$ 1.32
Number Exercisable (in shares)	430,000
Options Exercisable Weighted- Average Exercise Price (in dollars per share)	$ 1.32
Exercise price lower range (in dollars per share)	1.20
Exercise price upper range (in dollars per share)	$ 1.50
$3.20 - 3.20
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number Outstanding (in shares)	95,000
Options Outstanding Weighted- Average Remaining Contractual Life (years)	8 years 9 months 11 days
Weighted- Average Exercise Price (in dollars per share)	$ 3.20
Number Exercisable (in shares)	45,003
Options Exercisable Weighted- Average Exercise Price (in dollars per share)	$ 3.20
Exercise price lower range (in dollars per share)	3.20
Exercise price upper range (in dollars per share)	$ 3.2
$0.32 - 3.20
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number Outstanding (in shares)	957,750
Options Outstanding Weighted- Average Remaining Contractual Life (years)	6 years 1 month 20 days
Weighted- Average Exercise Price (in dollars per share)	$ 1.18
Number Exercisable (in shares)	907,753
Options Exercisable Weighted- Average Exercise Price (in dollars per share)	$ 1.06
Exercise price lower range (in dollars per share)	0.32
Exercise price upper range (in dollars per share)	$ 3.20

Common Stock Incentive, Stock59

Common Stock Incentive, Stock Purchase Plans and Other Compensation Plans (Details 2) - Restricted Stock - $ / shares shares in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Shares
Non-vested, beginning of period (in shares)	336	8
Granted (in shares)	35	336
Vested (in shares)	(112)	(8)
Cancelled or expired (in shares)	(104)	0
Non-vested, end of period (in shares)	155	336
Weighted Average Grant-Date Fair Value
Non-vested, beginning of period (in dollars per share)	$ 3.16	$ 0.75
Granted (in dollars per share)	2.02	3.16
Vested (in dollars per share)	2.79	0.75
Cancelled or expired (in dollars per share)	3.20	0
Non-vested, end of period (in dollars per share)	$ 3.14	$ 3.16

Common Stock Incentive, Stock60

Common Stock Incentive, Stock Purchase Plans and Other Compensation Plans (Details 3) - $ / shares	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Expected Dividend Yield	0.00%	0.00%
Expected Volatility	109.00%	109.00%
Risk-Free Interest Rates	0.6534%	2.18%
Expected Option Life (in years)	8 years 8 months 16 days	10 years
Weighted-average grant-date fair value of options awarded (in dollars per share)	$ 1.18	$ 0.70

Common Stock Incentive, Stock61

Common Stock Incentive, Stock Purchase Plans and Other Compensation Plans (Detail Textuals) - USD ($)	Jun. 26, 2014	Apr. 30, 2016	Apr. 30, 2015	Oct. 31, 2014	Jun. 30, 2016	Jun. 30, 2015	Dec. 12, 2014	Jun. 30, 2011	Jun. 30, 2008
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate intrinsic value of options exercisable					$ 1,500,000
Aggregate intrinsic value of options					1,600,000
Unrecognized compensation cost related to stock option and restricted awards					$ 100,000
Expected Dividend Yield					0.00%	0.00%
Common stock repurchased - value					$ 156,000	$ 2,435,000
Astrotech - The 2008 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock shares available for future issuance (in shares)					10,000				5,500,000
Astrotech - The 2011 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock shares available for future issuance (in shares)								1,750,000
Common stock options and warrants granted (in shares)	2,000,000
Common stock shares available for grant (in shares)					1,611,907
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense recognized					$ 300,000	$ 100,000
Unrecognized compensation cost over a weighted-average period					2 years
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost over a weighted-average period						1 year 9 months 18 days
Unrecognized expensed recognized					$ 400,000	$ 1,000,000
Amended Securities Repurchase Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock repurchase - amount							$ 5,000,000
Share repurchases (in shares)					188,635
Common stock repurchased - value					$ 492,000
Common stock repurchased (in dollars per share)					$ 2.61
Common stock repurchase, authorized					$ 4,500,000
Amended Securities Repurchase Program | Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share repurchases (in shares)				100,000
Common stock repurchased (in dollars per share)				$ 2.56
Amended Securities Repurchase Program | Board Of Directors, Chief Executive Officer and Chief Financial Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share repurchases (in shares)			563,580
Common stock repurchased (in dollars per share)			$ 3.20
Amended Securities Repurchase Program | Chief Operating Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share repurchases (in shares)		7,075
Common stock repurchased (in dollars per share)		$ 2.02

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Current
Federal	$ (29)	$ (5,414)
State and local	4	(527)
Foreign	0	0
Total current tax expense	(25)	(5,941)
Deferred
Federal	0	0
State and local	0	0
Foreign	0	0
Total tax benefit from continuing operations	$ (25)	$ (5,941)

Income Taxes Income Taxes (Deta

Income Taxes Income Taxes (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Current
Federal	$ 0	$ 5,611
State and local	0	527
Foreign	0	0
Total current tax expense	0	6,138
Deferred
Federal	0	0
State and local	0	0
Foreign	0	0
Total tax expense from discontinued operations	$ 0	$ 6,138

Income Taxes (Details 2)

Income Taxes (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Income Tax Expense Benefit Continuing Operations Income Tax Reconciliation
Expected benefit	$ (4,576)	$ (5,414)
State tax expense	4	0
Change in temporary tax adjustments not recognized	4,414	5,589
Other permanent items	133	22
Total income tax benefit (expense)	$ (25)	$ 197

Income Taxes (Details 3)

Income Taxes (Details 3) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
Deferred tax assets:
Net operating loss carryforwards	$ 15,704	$ 10,869
Alternative minimum tax credit carryforwards	857	868
Accrued expenses and other timing	1,473	912
Total gross deferred tax assets	18,034	12,649
Less — valuation allowance	(17,939)	(11,887)
Net deferred tax assets	95	762
Deferred tax liabilities:
Property and equipment, principally due to differences in depreciation	(95)	(762)
Total gross deferred tax liabilities	(95)	(762)
Net deferred tax assets (liabilities)	$ 0	$ 0

Income Taxes (Details 4)

Income Taxes (Details 4) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Reconciliation of Unrecognized Tax Benefits [Roll Forward]
Balance at July 1	$ 76	$ 72
Additions for tax positions of current period	0	0
Additions for tax positions of prior years	0	4
Decreases for tax positions of prior years	(76)	0
Balance at June 30	$ 0	$ 76

Income Taxes (Detail Textuals)

Income Taxes (Detail Textuals) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Income Tax Disclosure [Abstract]
Income (loss) before income taxes	$ (13,459,000)	$ (15,887,000)
Effective income tax rate	0.00%
Current state tax expense	$ 4,000	(527,000)
Unrecognized tax benefits	$ 0	$ 76,000	$ 72,000
Federal statutory effective tax rate	34.00%	34.00%
Valuation allowance	$ 18,000,000
Change in valuation allowance	6,100,000	$ (4,100,000)
Net losses carryforwards used for Federal income tax purposes	22,700,000
Federal income tax effected	7,700,000
Accumulated state net operating loss carryforwards	17,000,000
State income tax effected	700,000
Temporary credit loss carryovers	500,000
Temporary credit tax effected	300,000
Temporary credit offset	13,000
Alternative minimum tax carryforwards	900,000
Uncertain tax benefit reserve	$ 0	100,000
Interest or penalty for uncertain tax position liability		$ 4,000

Net (Loss) Income per Share (De

Net (Loss) Income per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Numerator:
Loss from continuing operations, net of tax	$ (13,095)	$ (9,823)
Income from discontinued operations, net of tax	0	20,601
Net (loss) income attributable to Astrotech Corporation	(13,095)	10,778
Less: Deemed dividend to State of Texas Funding	0	531
Net (loss) income attributable to common stockholders	$ (13,095)	$ 10,247
Denominator:
Denominator for basic and diluted net income (loss) per share attributable to Astrotech Corporation — weighted average common stock outstanding (in shares)	20,388	19,811
Net loss attributable to Astrotech Corporation from continuing operations (in dollars per share)	$ (0.64)	$ (0.52)
Net income from discontinued operations (in dollars per share)	0	1.04
Net (loss) income attributable to Astrotech Corporation (in dollars per share)	$ (0.64)	$ 0.52

Net (Loss) Income per Share (69

Net (Loss) Income per Share (Detail Textuals) - $ / shares	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Earnings Per Share [Abstract]
Options to purchase (in shares)	957,750	1,127,750
Exercise price lower range (in dollars per share)	$ 0.32	$ 0.32
Exercise price upper range (in dollars per share)	$ 3.2	$ 3.2

Employee Benefit Plans (Detail

Employee Benefit Plans (Detail Textuals) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Compensation and Retirement Disclosure [Abstract]
Employee benefit plan description	We have a defined contribution retirement plan, which covers substantially all employees and officers. We have the right, but not an obligation, to make additional contributions to the plan in future years at the discretion of the Company’s Board of Directors.
Employee benefit plans employer contributions	$ 0.2	$ 0.2

Commitments and Contingencies71

Commitments and Contingencies (Details) $ in Thousands	Jun. 30, 2016USD ($)
Future minimum payments
2,017	$ 509
2,018	582
2,019	515
2,020	330
2,021	357
Thereafter	557
Total	$ 2,850

Commitments and Contingencies72

Commitments and Contingencies (Detail Textuals) ft² in Thousands	1 Months Ended	12 Months Ended
	Jul. 31, 2014USD ($)	Jun. 30, 2016USD ($)ft²Renewalterms	Jun. 30, 2015USD ($)
Operating Leased Assets [Line Items]
Rent expense | $		$ 400,000	$ 300,000
Lump sum payment received | $	$ 50,000
1st Detect
Operating Leased Assets [Line Items]
Number of renewal terms | Renewalterms		2
Renewal term		5 years
Period before expiration of lease that renewal contract must be signed		6 months
Austin, Texas
Operating Leased Assets [Line Items]
Sublease rental area		6
Leased premises		5
Number of renewal terms | Renewalterms		1
Renewal term		5 years
Period before expiration of lease that renewal contract must be signed		8 months
Webster, Texas Property One | 1st Detect
Operating Leased Assets [Line Items]
Leased premises		17
Webster, Texas Property Two | 1st Detect
Operating Leased Assets [Line Items]
Leased premises		9
Astral Images, Inc | Austin, Texas
Operating Leased Assets [Line Items]
Leased premises		4

State of Texas Funding (Detail

State of Texas Funding (Detail Textuals) - Texas emerging technology fund - 1st Detect $ in Millions	1 Months Ended
	Aug. 31, 2014USD ($)
State Of Texas Funding [Line Items]
Funds awarded for development and marketing	$ 1.8
Payment of common stock repurchase right	$ 2.3

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Segment Reporting Information [Line Items]
Revenue	$ 2,671	$ 513
Loss before income taxes	(13,459)	(15,887)
Fixed Assets, net	3,392	3,108
Total Assets	30,523	44,218
Depreciation & Amortization	600	300
Operating Segment
Segment Reporting Information [Line Items]
Revenue	2,671	513
Loss before income taxes	(13,459)	(15,887)
Fixed Assets, net	3,392	3,108
Total Assets	30,523	44,218
Depreciation & Amortization	525	371
Total Capital Expenditures	809	2,268
Operating Segment | Astral
Segment Reporting Information [Line Items]
Revenue	1	12
Loss before income taxes	(2,610)	(560)
Fixed Assets, net	2,246	1,885
Total Assets	2,398	2,569
Depreciation & Amortization	127	11
Total Capital Expenditures	487	1,896
Operating Segment | Astro Scientific
Segment Reporting Information [Line Items]
Revenue	2,670	501
Loss before income taxes	(10,849)	(15,327)
Fixed Assets, net	1,146	1,223
Total Assets	28,125	41,649
Depreciation & Amortization	398	360
Total Capital Expenditures	$ 322	$ 372

Segment Information (Detail tex

Segment Information (Detail textuals)	12 Months Ended
	Jun. 30, 2016segment
Segment Reporting [Abstract]
Number of reportable segments	2

Subsequent Events (Details)

Subsequent Events (Details) - Austin, Texas ft² in Thousands	3 Months Ended
	Sep. 21, 2016USD ($)ft²	Jun. 30, 2016ft²
Subsequent Event [Line Items]
Leased premises		5
Subsequent Event
Subsequent Event [Line Items]
Leased premises	6
Monthly rental expense | $	$ 6,000