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Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Product and service revenue $ 447,786 $ 6,906 $ 913,742 $ 13,060
License revenue 21,428 21,429 42,857 42,858
Total revenue 469,214 28,335 956,599 55,918
Operating expenses        
Cost of sales 244,100 0 281,425 225
Research and development 1,308,460 789,967 2,164,334 1,723,720
Research and development - related party (Note 11) 47,998 53,998 95,996 107,996
Sales, general and administrative 1,774,167 749,837 3,425,971 1,863,416
Amortization of finite-lived intangible assets 108,489 17,697 165,936 35,394
Total operating expenses 3,483,214 1,611,499 6,133,662 3,730,751
Loss from operations (3,014,000) (1,583,164) (5,177,063) (3,674,833)
Other (expense) income        
Interest (expense) (240,214) (37,547) (353,467) (74,849)
Derivative (expense) (78,166) 0 (78,038) 0
Total other (expense) income (318,380) (37,547) (431,505) (74,849)
Net loss, before income tax (3,332,380) (1,620,711) (5,608,568) (3,749,682)
Deferred income tax benefit 0 0 0 23,910
Net loss $ (3,332,380) $ (1,620,711) $ (5,608,568) $ (3,725,772)
Weighted average number of Aytu common shares outstanding 14,259,693 7,901,426 14,259,687 7,901,426
Basic and diluted Aytu net loss per common share $ (0.23) $ (0.21) $ (0.39) $ (0.47)