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Going Concern
9 Months Ended
Mar. 31, 2018
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Going Concern

(2) Going Concern

Financial Condition

The Company’s consolidated financial statements for the three and nine months ended March 31, 2018 have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As of March 31, 2018, the Company has working capital of $5.6 million. The Company reported a net loss of $11.6 million for the fiscal year 2017 and a net loss of $9.0 million for the nine months ended March 31, 2018, along with net cash used in operating activities of $8.8 million for the fiscal year 2017 and net cash used in operating activities of $8.6 million for the nine months ended March 31, 2018. This raises substantial doubt about the Company’s ability to continue as a going concern, but the Company remains resolute in identifying the optimal solution to its liquidity issue.

Management’s Plans to Continue as a Going Concern

Management continues to pursue many options for its capital requirements to maximize shareholder value.  These include, but are not limited to, selling the Company or a portion thereof, debt financing, equity financing, merging, or engaging in a strategic partnership. Astrotech’s consolidated financial statements as of March 31, 2018 do not include any adjustments that might result from the substantial doubt about the Company’s ability to continue as a going concern.