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Summary of Significant Accounting Policies (Tables) | 9 Months Ended
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Mar. 31, 2015
Accounting Policies [Abstract] |
Schedule of Fixed Assets | Fixed assets consist of the following:
|  | Estimated Useful Lives in years |  | June 30, |  |  | March 31, |
|  |  | 2014 |  |  | 2013 |  |  | 2015 |
|  |  |  |  |  |  |  |  |  | (unaudited) |
Lab equipment |  | 3 - 5 |  |  | 90,000 |  |  |  | 81,000 |  |  |  | 90,000 |
Less accumulated depreciation |  |  |  |  | (33,000 | ) |  |  | (6,000 | ) |  |  | (53,000 | )
Fixed assets, net |  |  |  | $ | 57,000 |  |  | $ | 75,000 |  |  | $ | 37,000 |
Aytu recorded the following depreciation expense in the respective periods:
|  | Year Ended June 30, |  |  | March 31, 2015 |
|  | 2014 |  |  | 2013 |  |
|  |  |  |  |  |  |  | (unaudited) |
Depreciation expense |  | $ | 27,000 |  |  | $ | 6,000 |  |  | $ | 20,000 |
Schedule of Patents | Patents consist of the following:
|  | June 30, |  |  | March 31, 2015 |
|  | 2014 |  |  | 2013 |  |
|  |  |  |  |  |  |  | (unaudited) |
Patents |  | $ | 880,000 |  |  | $ | 880,000 |  |  | $ | 880,000 |
Less accumulated armortization |  |  | (180,000 | ) |  |  | (110,000 | ) |  |  | (234,000 | )
Patents, net |  | $ | 700,000 |  |  | $ | 770,000 |  |  | $ | 646,000 |
Schedule of Amortization Expense | Aytu recorded the following amortization expense in the respective periods:
|  | Year Ended June 30, |  |  | Nine Months Ended |
|  | 2014 |  |  | 2013 |  |  | March 31, 2015 |
|  |  |  |  |  |  |  | (unaudited) |
Amortization expense |  | $ | 70,000 |  |  | $ | 53,000 |  |  | $ | 54,000 |
Schedule of Future Amortization Expense | Future amortization from the nine months ended March 31, 2015 is as follows:
2015 |  | $ | 18,000 |
2016 |  |  | 71,000 |
2017 |  |  | 71,000 |
2018 |  |  | 71,000 |
2019 |  |  | 71,000 |
Thereafter |  |  | 344,000 |
|  | $ | 646,000 |
Schedule of Research and Development Expense | Research and development costs are expensed as incurred with expenses recorded in the respective periods as follows:
|  | Year Ended June 30, |  |  | March 31, 2015 |
|  | 2014 |  |  | 2013 |  |
|  |  |  |  |  |  |  | (unaudited) |
Research and development costs |  | $ | 4,059,000 |  |  | $ | 2,756,000 |  |  | $ | 2,574,000 |

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