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Revenue Recognition
3 Months Ended
Sep. 30, 2014
Revenue Recognition [Abstract]  
Revenue Recognition

(6) Revenue Recognition

 

Astrotech recognizes revenue employing several generally accepted revenue recognition methodologies across its business unit. The methodology used is based on contract type and the manner in which products and services are provided.

 

Revenue is recognized when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when pervasive evidence of an arrangement exists, delivery has occurred or services have been provided, and collectibility is reasonably assured.