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Balance Sheets - USD ($)
Mar. 31, 2016
Jun. 30, 2015
Current assets    
Cash and cash equivalents $ 8,665,835 $ 7,353,061
Accounts receivable, net 84,274 157,058
Inventory 621,352 39,442
Prepaid expenses and other 943,126 370,888
Prepaid research and development - related party (Note 11) 121,983 121,983
Total current assets 10,436,570 8,042,432
Fixed assets, net 196,885 29,706
Developed technology, net 1,201,153 780,125
Customer contracts, net 1,405,125 711,000
Trade names, net 202,306 79,000
Goodwill 221,000 74,000
In-process research and development 7,500,000 7,500,000
Patents, net 575,686 628,776
Long-term portion of prepaid research and development - related party (Note 11) 243,967 335,454
Deposits 2,888 4,886
Total non current assets 11,549,010 10,142,947
Total assets 21,985,580 18,185,379
Current liabilities    
Accounts payable and accrued liabilities 1,177,049 1,195,368
Primsol payable 1,154,616 0
Accrued compensation 787,954 196,503
Deferred revenue 85,714 85,714
Total current liabilities 3,205,333 1,477,585
Convertible promissory notes, net of amortization discount of $1,040,203 (Note 8) 9,797 0
Contingent consideration 698,826 664,000
Long-term deferred revenue 361,607 425,893
Interest payable 66,131 0
Deferred rent 12,009 1,449
Warrant derivative liability 66,204 0
Total liabilities $ 4,419,907 $ 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 22,446,481 (unaudited) and 14,259,681, respectively as of March 31, 2016 and June 30, 2015 2,245 1,426
Additional paid-in capital 48,827,395 38,996,367
Ampio stock subscription 0 (5,000,000)
Accumulated deficit (31,263,967) (18,381,341)
Total stockholders' equity 17,565,673 15,616,452
Total liabilities and stockholders' equity $ 21,985,580 $ 18,185,379