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Combined Balance Sheets - USD ($)
Mar. 31, 2015
Jun. 30, 2014
Jun. 30, 2013
Current assets      
Cash and cash equivalents $ 1,491,202 $ 2,639,650 $ 2,913,700
Prepaid expenses 37,269 521,322 24,000
Prepaid research and development - related party (Note 8) 121,983 121,983  
Deferred tax asset 13,391 18,897 15,037
Total current assets 1,663,845 3,301,852 2,952,737
Fixed assets, net (Note 2) 36,591 57,246 74,636
In-process research and development 7,500,000 7,500,000 7,500,000
Patents, net 646,472 699,563 770,351
Long-term portion of prepaid research and development - related party (Note 8) 365,950 457,438  
Deposits 1,998    
Total non current assets 8,551,011 8,714,247 8,344,987
Total assets 10,214,856 12,016,099 11,297,724
Current liabilities      
Accounts payable and accrued liabilities 546,346 649,503 227,631
Accrued liabilities - related party (Note 8)   150,000  
Accrued compensation 98,949    
Deferred revenue 85,714 85,714 50,000
Payable to Ampio 468,550 561,059  
Notes to Ampio 8,000,000 4,600,000  
Interest payable to Ampio 3,329 46,002  
Total current liabilities 9,202,888 6,092,278 277,631
Long-term deferred revenue 447,321 511,607 356,250
Noncurrent deferred tax liability 13,391 42,807 852,646
Total liabilities $ 9,663,600 $ 6,646,692 $ 1,486,527
Commitments and contingencies (Note 5)      
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 7,901,426 in 2014, 5,437,158 in 2013 and 7,901,426 in 2015 $ 790 $ 790 $ 544
Additional paid-in capital 16,776,363 16,026,554 4,418,385
Contribution from parent     10,471,515
Accumulated deficit (16,225,897) (10,657,937) (5,079,247)
Total equity 551,256 5,369,407 9,811,197
Total liabilities and equity $ 10,214,856 $ 12,016,099 $ 11,297,724