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Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2016
Mar. 31, 2015
Product and service revenue $ 647,112 $ 2,400 $ 1,560,854 $ 15,460
License revenue 21,429 21,429 64,286 64,286
Total revenue 668,541 23,829 1,625,140 79,746
Operating expenses        
Cost of sales 340,796 0 622,222 0
Research and development 1,143,676 694,180 3,308,009 2,418,125
Research and development - related party (Note 11) 47,998 47,998 143,994 155,994
Sales, general and administrative 2,244,747 1,070,091 5,670,718 2,933,506
Amortization of finite-lived intangible assets 118,697 17,697 284,633 53,091
Total operating expenses 3,895,914 1,829,966 10,029,576 5,560,716
Loss from operations (3,227,373) (1,806,137) (8,404,436) (5,480,970)
Other (expense) income        
Interest (expense) (4,074,668) (36,052) (4,428,136) (110,900)
Derivative income (expense) 27,983 0 (50,054) 0
Total other (expense) (4,046,685) (36,052) (4,478,190) (110,900)
Net loss, before income tax (7,274,058) (1,842,189) (12,882,626) (5,591,870)
Deferred income tax benefit 0 0 0 23,910
Net loss $ (7,274,058) $ (1,842,189) $ (12,882,626) $ (5,567,960)
Weighted average number of Aytu common shares outstanding (in shares) 18,828,934 7,901,426 15,771,692 7,901,426
Basic and diluted Aytu net loss per common share (in dollars per share) $ (0.39) $ (0.23) $ (0.82) $ (0.70)