Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2015

Patents consist of the following:


	June 30,
	2015			2014

Patents	$	880,000		$	880,000
Less accumulated amortization		(251,000	)		(180,000	)

Patents, net	$	629,000		$	700,000

Schedule of Fixed Assets

Fixed assets are recorded at cost. After being placed in service, the fixed assets are depreciated using the straight-line method over estimated useful lives. Fixed assets consist of the following:


	Estimated	June 30,
	Useful Lives in years	2015			2014

Lab equipment	3 - 5		90,000			90,000
Less accumulated depreciation			(60,000	)		(33,000	)

Fixed assets, net		$	30,000		$	57,000

Aytu recorded the following depreciation expense in the respective periods:


	Year Ended June 30,
	2015		2014

Depreciation expense	$	27,000	$	27,000

Schedule of Amortization Expense

Aytu recorded the following amortization expense in the respective periods:


	Year Ended June 30,
	2015		2014

Amortization expense	$	71,000	$	70,000

Schedule of Future Amortization Expense

Future amortization from the year ended June 30, 2015 is as follows:


2016	$	71,000
2017		71,000
2018		71,000
2019		71,000
2020		71,000
Thereafter		274,000

	$	629,000

Prostascint Business [Member]

Future Amortization Expense

Future amortization from the year ended June 30, 2015 is as follows:


2016	$	159,000
2017		159,000
2018		159,000
2019		159,000
2020		159,000
Thereafter		775,000

	$	1,570,000