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Balance Sheets - USD ($)
Jun. 30, 2016
Jun. 30, 2015
Current assets    
Cash and cash equivalents $ 8,054,190 $ 7,353,061
Accounts receivable, net 162,427 157,058
Inventory, net 524,707 39,442
Prepaid expenses and other 215,558 370,888
Prepaid research and development - related party (Note 11) 121,983 121,983
Investment in Acerus 1,041,362 0
Total current assets 10,120,227 8,042,432
Fixed assets, net 231,430 29,706
Developed technology, net 1,159,736 780,125
Customer contracts, net 1,353,375 711,000
Trade names, net 194,472 79,000
Natesto asset 10,549,797 0
Goodwill 221,000 74,000
In-process research and development 0 7,500,000
Patents, net 296,611 628,776
Long-term portion of prepaid research and development - related party (Note 11) 213,471 335,454
Deposits 2,888 4,886
Total non current assets 14,222,780 10,142,947
Total assets 24,343,007 18,185,379
Current liabilities    
Accounts payable and accrued liabilities 3,519,711 1,195,368
Natesto payable 5,379,675 0
Accrued compensation 1,200,930 196,503
Deferred revenue 0 85,714
Deferred rent 4,109 0
Total current liabilities 10,104,425 1,477,585
Contingent consideration 3,869,122 664,000
Long-term deferred revenue 0 425,893
Deferred rent 8,215 1,449
Warrant derivative liability 275,992 0
Total liabilities 14,257,754 2,568,927
Commitments and contingencies (Note 7)
Stockholders' equity    
Preferred Stock, par value $.0001; 50,000,000 shares authorized; none issued 0 0
Common Stock, par value $.0001; 100,000,000 shares authorized; shares issued and outstanding 3,741,944 in 2016 and 1,188,307 in 2015 374 119
Additional paid-in capital 56,646,304 38,997,674
Ampio stock subscription 0 (5,000,000)
Accumulated deficit (46,561,425) (18,381,341)
Total stockholders' equity 10,085,253 15,616,452
Total liabilities and stockholders' equity $ 24,343,007 $ 18,185,379