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v3.3.1.900

Statements of Operations - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended
--- | --- | --- | ---
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2015 | Dec. 31, 2014 | Jun. 30, 2015 | Jun. 30, 2014
Product and service revenue | $ 447,786 | $ 6,906 | $ 913,742 | $ 13,060 | $ 176,068 | $ 0
License revenue | 21,428 | 21,429 | 42,857 | 42,858 | 85,714 | 58,929
Total revenue | 469,214 | 28,335 | 956,599 | 55,918 | 261,782 | 58,929
Operating expenses |  |  |  |  |  |
Cost of sales | 244,100 | 0 | 281,425 | 225 | 88,109 | 0
Research and development | 1,308,460 | 789,967 | 2,164,334 | 1,723,720 | 3,219,361 | 3,933,619
Research and development - related party | 47,998 | 53,998 | 95,996 | 107,996 | 203,992 | 125,587
Sales, general and administrative | 1,774,167 | 749,837 | 3,425,971 | 1,863,416 | 4,382,640 | 2,346,557
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) | (7,632,320) | (6,346,834)
Other (expense) income |  |  |  |  |  |
Interest (expense) income | (240,214) | (37,547) | (353,467) | (74,849) | (114,994) | (45,553)
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) | (7,747,314) | (6,392,387)
Deferred income tax benefit | 0 | 0 | 0 | 23,910 | 23,910 | 813,697
Net loss | $ (3,332,380) | $ (1,620,711) | $ (5,608,568) | $ (3,725,772) | $ (7,723,404) | $ (5,578,690)
Weighted average number of Aytu common shares outstanding | 14,259,693 | 7,901,426 | 14,259,687 | 7,901,426 | 9,207,917 | 6,949,476
Basic and diluted Aytu net loss per common share | $ (0.23) | $ (0.21) | $ (0.39) | $ (0.47) | $ (0.84) | $ (0.80)

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