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Noncontrolling Interest

12 Months Ended

Jun. 30, 2012

Noncontrolling Interest [Abstract]

Noncontrolling Interest

(3) Noncontrolling Interest

In January 2010, restricted shares of Astrotech subsidiaries, 1^stDetect and Astrogenetix were granted to certain employees, directors and officers (see Note 10), resulting in Astrotech owning less than 100% of the subsidiaries. The Company applied non-controlling interest accounting for the periods ended June 30, 2012 and 2011, which requires us to clearly identify the non-controlling interest in the consolidated balance sheets and consolidated income statements. We disclose three measures of net income (loss): net income (loss), net income (loss) attributable to noncontrolling interest, and net income (loss) attributable to Astrotech Corporation. Our operating cash flows in our 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.

Beginning balance at June 30, 2011	$	1,921
Net loss attributable to noncontrolling interest		(620)
State of Texas funding (See Note 15)		900
Capital Contribution		500
Stocked based compensation expense		29
Ending balance at June 30, 2012	$	2,730

As of June 30, 2012, the Company’s share of income and losses is 86% for 1^stDetect and 84% for Astrogenetix.

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

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