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Segment Information
 9 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Segment Information
Segment Information
 
The Company currently has two reportable business units: Astro Scientific and Astral.
 
Astro Scientific
 
Astro Scientific is a technology incubator that commercializes innovative technologies. Subsidiaries 1st Detect and Astrogenetix currently reside in Astro Scientific:
 
1st Detect - 1st Detect develops, manufactures, and sells chemical analyzers for use in the security, defense, healthcare, food and beverage, and environmental markets. Our chemical analyzers can identify chemicals with more accuracy and precision than competing analyzers given their extreme sensitivity and specificity. By leveraging a concept from Oak Ridge National Laboratory and a preliminary design initiated by an engagement with NASA to develop a mass spectrometer for the ISS, the Company developed a chemical analyzer that enables real-time analytics that we believe to be significantly smaller, lighter, faster, and less expensive than competing analyzers. The majority of revenue in 1st Detect comes from working as a subcontractor on government contracts. The Company works with prime contractors in adapting our technology to be used in enhancing the government’s detection capabilities for a variety of applications.

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

Astral sells film-to-digital conversion, HDR conversion, image enhancement, and defect removal and color correction services, providing economically feasible conversion of television and feature 35mm and 16mm films to the new 4K UHD/HDR format, the standard for the next generation of digital film distribution to the home. Due to a significant shift in the film scanning industry, most film assets will need to go through an upgrade to 4K HDR 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. Astral is positioned to be a leader in the digital conversion of feature films, film-based television series, sporting events shot on film, film libraries, film archives, and consumer media. Astral has now introduced to the digital conversion market Black ICE™ for the conversion of black and white film, Color ICE™ for the conversion of color film, and HDR ICE™ for the conversion of color film or digital video to the new HDR format.

All intercompany transactions between business units have been eliminated in consolidation.

Key financial metrics of the Company’s segments are as follows:

 
 
Three Months Ended 
 March 31, 2017
 
Three Months Ended 
 March 31, 2016
 
 
 
Revenue, Depreciation, and Income
(In thousands)
 
Revenue
 
Depreciation
 
Loss before Income Taxes
 
Revenue
 
Depreciation
 
Loss before Income Taxes
Astro Scientific
 
$
403

 
$
100

 
$
(2,153
)
 
$
196

 
$
93

 
$
(3,044
)
Astral
 
8

 
79

 
(692
)
 
—

 
17

 
(806
)
Total
 
$
411

 
$
179

 
$
(2,845
)
 
$
196

 
$
110

 
$
(3,850
)

 
 
Nine Months Ended 
 March 31, 2017
 
Nine Months Ended 
 March 31, 2016
 
 
 
Revenue, Depreciation, and Income
(In thousands)
 
Revenue
 
Depreciation
 
Loss before Income Taxes
 
Revenue
 
Depreciation
 
Loss before Income Taxes
Astro Scientific
 
$
1,929

 
$
284

 
$
(6,916
)
 
$
1,123

 
$
303

 
$
(7,967
)
Astral
 
8

 
240

 
(2,050
)
 
—

 
48

 
(1,942
)
Total
 
$
1,937

 
$
524

 
$
(8,966
)
 
$
1,123

 
$
351

 
$
(9,909
)

 
 
March 31, 2017
 
June 30, 2016
Assets (In thousands)
 
Fixed Assets, Net
 
Total Capital Expenditures (1)
 
Total Assets
 
Fixed Assets, Net
 
Total Capital Expenditures (2)
 
Total Assets
Astro Scientific
 
$
1,329

 
$
466

 
$
19,551

 
$
1,146

 
$
322

 
$
28,125

Astral
 
2,025

 
20

 
2,099

 
2,246

 
487

 
2,398

Total
 
$
3,354

 
$
486

 
$
21,650

 
$
3,392

 
$
809

 
$
30,523

 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Total capital expenditures are for the nine months ended March 31, 2017.
(2) Total capital expenditures are for the twelve months ended June 30, 2016.