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Balance Sheets - USD ($)
Sep. 30, 2015
Jun. 30, 2015
Current assets    
Cash and cash equivalents $ 10,069,025 $ 7,353,061
Accounts receivable 167,930 157,058
Inventory 494,080 39,442
Prepaid expenses, other 360,531 370,888
Prepaid research and development - related party (Note 11) 121,983 121,983
Deferred tax asset 94,211 41,427
Total current assets 11,307,760 8,083,859
Fixed assets, net (Note 2) 26,374 29,706
Developed technology, net 760,375 780,125
Customer contracts, net 693,000 711,000
Trade names, net 77,000 79,000
Goodwill 74,000 74,000
In-process research and development 7,500,000 7,500,000
Patents, net 611,079 628,776
Long-term portion of prepaid research and development - related party (Note 11) 304,958 335,454
Deposits 4,886 4,886
Total non current assets 10,051,672 10,142,947
Total assets 21,359,432 18,226,806
Current liabilities    
Accounts payable 1,075,133 1,196,817
Accrued compensation 617,041 196,503
Deferred revenue 85,714 85,714
Total current liabilities 1,777,888 1,479,034
Convertible promissory notes, net of amortization discount of $349,690 (Note 8) 4,825,310  
Contingent consideration 677,153 664,000
Long-term deferred revenue 404,465 425,893
Interest payable 57,637  
Deferred rent 11,379  
Non-current deferred tax liability 94,211 41,427
Warrant derivative liability 102,803  
Total liabilities $ 7,950,846 $ 2,610,354
Commitments and contingencies (Note 7)
Stockholders' equity    
Preferred Stock, par value $.0001; 50,000,000 shares authorized; none issued
Common Stock, par value $.0001; 300,000,000 shares authorized; shares issued and outstanding 14,259,681 as of September 30, 2015 and June 30, 2015 $ 1,426 $ 1,426
Additional paid-in capital 39,064,689 38,996,367
Ampio stock subscription (5,000,000) (5,000,000)
Accumulated deficit (20,657,529) (18,381,341)
Total stockholders' equity 13,408,586 15,616,452
Total liabilities and stockholders' equity $ 21,359,432 $ 18,226,806