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Balance Sheets - USD ($)
Jun. 30, 2015
Jun. 30, 2014
Current assets    
Cash and cash equivalents $ 7,353,061 $ 2,639,650
Accounts receivable 157,058  
Inventory 39,442  
Prepaid expenses 370,888 521,322
Prepaid research and development-related party (Note 8) 121,983 121,983
Deferred tax asset 41,427 18,897
Total current assets 8,083,859 3,301,852
Fixed assets, net (Note 2) 29,706 57,246
Developed technology, net 780,125  
Customer contracts, net 711,000  
Trade names, net 79,000  
Goodwill 74,000  
In-process research and development 7,500,000 7,500,000
Patents, net 628,776 699,563
Long-term portion of prepaid research and development-related party (Note 8) 335,454 457,438
Deposits 4,886  
Total non current assets 10,142,947 8,714,247
Total assets 18,226,806 12,016,099
Current liabilities    
Accounts payable and accrued liabilities 1,196,817 649,503
Accrued liabilities-related party (Note 8)   150,000
Accrued compensation 196,503  
Deferred revenue 85,714 85,714
Payable to Ampio   561,059
Notes to Ampio   4,600,000
Interest payable to Ampio   46,002
Total current liabilities 1,479,034 6,092,278
Contingent consideration 664,000  
Long-term deferred revenue 425,893 511,607
Noncurrent deferred tax liability 41,427 42,807
Total liabilities $ 2,610,354 $ 6,646,692
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 14,259,681 in 2015 and 7,901,426 in 2014 $ 1,426 $ 790
Additional paid-in capital 38,996,367 16,026,554
Ampio stock subscription (5,000,000)  
Accumulated deficit (18,381,341) (10,657,937)
Total equity 15,616,452 5,369,407
Total liabilities and equity $ 18,226,806 $ 12,016,099