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Segment Information
 6 Months Ended
Dec. 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 is a manufacturer of advanced mass spectrometry technology used to detect and analyze explosives, CWAs, and VOCs. The Company offers technology with capabilities that exceed those of the currently deployed competitive solutions, providing laboratory-quality performance capable of detecting a wide range of threats with minimal to no false positives, rapid analysis time, and an easy user interface. The Company worked 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 applying a fast-track, on-orbit discovery platform using the International Space Station to develop vaccines. The Center for Vaccine Development at UMD, one of the leading vaccinology institutions in the world, independently validated our target vaccine for Salmonella through funding provided by NASA. We are currently looking for funding to finance the pursuit of an IND application with the FDA.

Astral Images

Astral Images - Astral is a developer of advanced film restoration and enhancement software. The Company offers significant cost savings to content owners who traditionally employ a laborious, inconsistent, and expensive manual frame-by-frame restoration process. At 24 frames-per-second, a full-length movie can easily have in excess of 200,000 frames, making manual conversion prohibitively expensive in some instances. Movie studios are at the precipice of a large shift to 4K and/or HDR (collectively known as UHD) content, and therefore, film assets will need to be rescanned and restored in order to remain relevant in the next generation of video content distribution through OTT providers such as Netflix, Amazon Prime, and Hulu. Astral is positioned to lead this shift using its powerful AI algorithms that remove dust, scratches, and defects from film while converting the content to a digital format with significantly enhanced resolution. In addition, the intelligent software automatically restores the film’s original color, optimizing the content to be viewed in 4K. Coupled with Astral’s HDR technology, which maximizes the contrast ratio, or the difference in light intensity from the darkest blacks and brightest whites, and a significantly expanded color gamut (1.06 billion available colors instead of 16 million), Astral’s technology yields a result that we believe is optimized for today’s most state of the art televisions.

This same technology is being applied to film held at film archives and museums with significant film collections throughout the world. This market is less driven by optimizing content for the latest standards and more concerned with preserving their treasured film assets. Film degrades over time, colors fade, buckling occurs, the film becomes brittle and eventually turns to dust, and in some cases, it becomes combustible. Astral provides a solution for such entities as they tend to be more cost conscious than film studios, and Astral’s automated process is much less expensive than manual restoration.
Finally, Astral’s versatile AI platform technology will be applied to digitize and restore the 1.7 trillion photographs, negatives, and slides that are deteriorating in attics, basements, and cupboards around the world. With its advanced technology, Astral disrupts the photograph digitization market, where currently, scanned photographs are digitized in their existing and often poor condition, and expensive manual labor is employed for any restoration requests. In contrast, using its sophisticated algorithms, Astral restores the film to its original color and condition as part of the automated digitization process.

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

 
$
87

 
$
(2,588
)
 
$
520

 
$
93

 
$
(1,976
)
Astral
 
41

 
97

 
(549
)
 
—

 
80

 
(678
)
Total
 
$
41

 
$
184

 
$
(3,137
)
 
$
520

 
$
173

 
$
(2,654
)

 
 
Six Months Ended 
 December 31, 2017
 
Six Months Ended 
 December 31, 2016
 
 
 
Revenue, Depreciation, and Income
(In thousands)
 
Revenue
 
Depreciation
 
Loss before Income Taxes
 
Revenue
 
Depreciation
 
Loss before Income Taxes
Astro Scientific
 
$
—

 
$
207

 
$
(5,017
)
 
$
1,526

 
$
184

 
$
(4,762
)
Astral
 
41

 
179

 
(1,126
)
 
—

 
160

 
(1,359
)
Total
 
$
41

 
$
386

 
$
(6,143
)
 
$
1,526

 
$
344

 
$
(6,121
)

 
 
December 31, 2017
 
June 30, 2017
Assets (In thousands)
 
Fixed Assets, Net
 
Total Capital Expenditures (1)
 
Total Assets
 
Fixed Assets, Net
 
Total Capital Expenditures (2)
 
Total Assets
Astro Scientific
 
$
1,025

 
$
8

 
$
10,478

 
$
1,224

 
$
468

 
$
16,833

Astral
 
1,783

 
6

 
1,869

 
1,956

 
31

 
2,002

Total
 
$
2,808

 
$
14

 
$
12,347

 
$
3,180

 
$
499

 
$
18,835

 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Total capital expenditures are for the six months ended December 31, 2017.
(2) Total capital expenditures are for the twelve months ended June 30, 2017.