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Balance Sheets - USD ($)
Dec. 31, 2015
Jun. 30, 2015
Jun. 30, 2014
Current assets      
Cash and cash equivalents $ 10,959,546 $ 7,353,061 $ 2,639,650
Accounts receivable 288,466 157,058 0
Inventory 653,115 39,442 0
Prepaid expenses 741,544 370,888 521,322
Prepaid research and development - related party 121,983 121,983 121,983
Deferred tax asset   41,427 18,897
Total current assets 12,764,654 8,083,859 3,301,852
Fixed assets, net (Note 2) 143,826 29,706 57,246
Developed technology, net 1,242,569 780,125 0
Customer contracts, net 1,456,875 711,000 0
Trade names, net 210,139 79,000 0
Goodwill 221,000 74,000 0
In-process research and development 7,500,000 7,500,000 7,500,000
Patents, net 593,382 628,776 699,563
Long-term portion of prepaid research and development - related party (Note 11) 274,463 335,454 457,438
Deposits 2,888 4,886 0
Total non current assets 11,645,142 10,142,947 8,714,247
Total assets 24,409,796 18,226,806 12,016,099
Current liabilities      
Accounts payable and accrued liabilities 1,076,295 1,195,368 649,503
Primsol payable 1,111,057 0  
Accrued liabilities - related party (Note 8)   0 150,000
Accrued compensation 492,584 196,503 0
Deferred revenue 85,714 85,714 85,714
Related party payable 38,451 0  
Payable to Ampio   0 561,059
Notes to Ampio   0 4,600,000
Interest payable to Ampio   0 46,002
Total current liabilities 2,804,101 1,477,585 6,092,278
Convertible promissory notes, net of amortization discount of $253,448 (Note 8) 4,921,552 0  
Contingent consideration 687,685 664,000 0
Long-term deferred revenue 383,036 425,893 511,607
Interest payable 161,988 0  
Deferred rent 11,694 1,449  
Non-current deferred tax liability   41,427 42,807
Warrant derivative liability 180,969 0  
Total liabilities $ 9,151,025 $ 2,610,354 $ 6,646,692
Commitments and contingencies (Note 5)
Stockholders' equity      
Preferred Stock, par value $.0001; 50,000,000 shares authorized; none issued $ 0 $ 0 $ 0
Common Stock, par value $.0001; 300,000,000 shares authorized; shares issued and outstanding 14,259,693 in Dec 2015, 14,259,681 in 2015 and 7,901,426 in 2014 1,426 1,426 790
Additional paid-in capital 39,247,254 38,996,367 16,026,554
Ampio stock subscription 0 (5,000,000) 0
Accumulated deficit (23,989,909) (18,381,341) (10,657,937)
Total equity 15,258,771 15,616,452 5,369,407
Total liabilities and equity $ 24,409,796 $ 18,226,806 $ 12,016,099