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Balance Sheets - USD ($)
Sep. 30, 2016
Jun. 30, 2016
Current assets    
Cash and cash equivalents $ 2,749,213 $ 8,054,190
Restricted cash 75,031  
Accounts receivable, net 509,440 162,427
Inventory, net 585,357 524,707
Prepaid expenses and other 553,083 215,558
Prepaid research and development - related party (Note 10) 121,983 121,983
Investment in Acerus 1,769,462 1,041,362
Total current assets 6,363,569 10,120,227
Fixed assets, net 313,185 231,430
Developed technology, net 1,118,319 1,159,736
Customer contracts, net 1,301,625 1,353,375
Trade names, net 186,639 194,472
Natesto asset, net 10,220,116 10,549,797
Goodwill 221,000 221,000
Patents, net 290,278 296,611
Long-term portion of prepaid research and development - related party (Note 10) 182,975 213,471
Deposits 2,888 2,888
Total non current assets 13,837,025 14,222,780
Total assets 20,200,594 24,343,007
Current liabilities    
Accounts payable and accrued liabilities 2,507,696 3,519,711
Natesto payable 5,685,191 5,379,675
Accrued compensation 532,138 1,200,930
Deferred rent 5,944 4,109
Total current liabilities 8,730,969 10,104,425
Contingent consideration 3,929,921 3,869,122
Deferred rent 6,455 8,215
Warrant derivative liability 346,600 275,992
Total liabilities 13,013,945 14,257,754
Commitments and contingencies (Note 6)
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 5,110,591 (unaudited) and 3,741,944, respectively as of September 30, 2016 and June 30, 2016 511 374
Additional paid-in capital 59,471,953 56,646,304
Accumulated deficit (52,285,815) (46,561,425)
Total stockholders' equity 7,186,649 10,085,253
Total liabilities and stockholders' equity $ 20,200,594 $ 24,343,007