Note Receivable	12 Months Ended
Jun. 30, 2014
Receivables [Abstract]
Note Receivable	(6) Note Receivable On April 28, 2005 the Company consummated the sale and simultaneous leaseback of its Cape Canaveral Florida Spacehab Payload Processing Facility (“SPPF”). The sales price of the building was $4.8 million. The Company received $4.1 million in cash of which $0.3 million was used for expenses related to the transaction. The Company also received a note, secured by a second mortgage on the SPPF, for $0.7 million due December 2010. The Company deferred approximately $0.5 million of gain from the sale leaseback transaction and recognized it as an offset to rent expense over the five-year lease term. The Company leased the building back from the owner under an agreement that initially expired on December 31, 2010. In November 2010, the Company renewed its lease with the owner for an additional two year term extending the lease to December 31, 2012. Simultaneously, the Company extended the full repayment date of the note to December 31, 2012. During fiscal year 2012, it was determined the owner of the SPFF did not have sufficient resources to repay the Company’s note. As a result, the Company recorded a full reserve in fiscal year 2012 against the collection of the note. In December 2013, the owner of the SPPF declared bankruptcy. Subsequently in March 2014, Company management retained an attorney to represent the Company in collecting funds through bankruptcy proceedings. In June 2014, the Company was informed of a settlement, and subsequently adjusted the reserve and wrote-off the remaining uncollectible balance. The adjustment was not material to our financial statements.

Note Receivable

12 Months Ended

Jun. 30, 2014

(6) Note Receivable

On April 28, 2005 the Company consummated the sale and simultaneous leaseback of its Cape Canaveral Florida Spacehab Payload Processing Facility (“SPPF”). The sales price of the building was $4.8 million. The Company received $4.1 million in cash of which $0.3 million was used for expenses related to the transaction. The Company also received a note, secured by a second mortgage on the SPPF, for $0.7 million due December 2010. The Company deferred approximately $0.5 million of gain from the sale leaseback transaction and recognized it as an offset to rent expense over the five-year lease term.

The Company leased the building back from the owner under an agreement that initially expired on December 31, 2010. In November 2010, the Company renewed its lease with the owner for an additional two year term extending the lease to December 31, 2012. Simultaneously, the Company extended the full repayment date of the note to December 31, 2012.

During fiscal year 2012, it was determined the owner of the SPFF did not have sufficient resources to repay the Company’s note. As a result, the Company recorded a full reserve in fiscal year 2012 against the collection of the note. In December 2013, the owner of the SPPF declared bankruptcy. Subsequently in March 2014, Company management retained an attorney to represent the Company in collecting funds through bankruptcy proceedings. In June 2014, the Company was informed of a settlement, and subsequently adjusted the reserve and wrote-off the remaining uncollectible balance. The adjustment was not material to our financial statements.