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Balance Sheets - USD ($)
Dec. 31, 2015
Jun. 30, 2015
Current assets    
Cash and cash equivalents $ 10,959,546 $ 7,353,061
Accounts receivable 288,466 157,058
Inventory 653,115 39,442
Prepaid expenses, other 741,544 370,888
Prepaid research and development - related party (Note 11) 121,983 121,983
Total current assets 12,764,654 8,042,432
Fixed assets, net (Note 2) 143,826 29,706
Developed technology, net 1,242,569 780,125
Customer contracts, net 1,456,875 711,000
Trade names, net 210,139 79,000
Goodwill 221,000 74,000
In-process research and development 7,500,000 7,500,000
Patents, net 593,382 628,776
Long-term portion of prepaid research and development - related party (Note 11) 274,463 335,454
Deposits 2,888 4,886
Total non current assets 11,645,142 10,142,947
Total assets 24,409,796 18,185,379
Current liabilities    
Accounts payable and accrued liabilities 1,076,295 1,195,368
Primsol payable 1,111,057 0
Accrued compensation 492,584 196,503
Deferred revenue 85,714 85,714
Related party payable 38,451 0
Total current liabilities 2,804,101 1,477,585
Convertible promissory notes, net of amortization discount of $253,448 (Note 8) 4,921,552 0
Contingent consideration 687,685 664,000
Long-term deferred revenue 383,036 425,893
Interest payable 161,988 0
Deferred rent 11,694 1,449
Warrant derivative liability 180,969 0
Total liabilities $ 9,151,025 $ 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; 300,000,000 shares authorized; shares issued and outstanding 14,259,693 and 14,259,681, respectively as of December 31, 2015 and June 30, 2015 1,426 1,426
Additional paid-in capital 39,247,254 38,996,367
Ampio stock subscription 0 (5,000,000)
Accumulated deficit (23,989,909) (18,381,341)
Total stockholders' equity 15,258,771 15,616,452
Total liabilities and stockholders' equity $ 24,409,796 $ 18,185,379