Summary of Significant Accounting Policies (Tables)

6 Months Ended

12 Months Ended

Dec. 31, 2015

Jun. 30, 2015

Schedule of Finite-Lived Intangible Assets [Table Text Block]

Patents consist of the following:

	As of December 31, 2015		As of June 30, 2015

Patents	$	880,000	$	880,000
Less accumulated armortization		(287,000)		(251,000)

Patents, net	$	593,000	$	629,000

Patents consist of the following:

	June 30,
	2015		2014

Patents	$	880,000	$	880,000
Less accumulated amortization		(251,000)		(180,000)
Patents, net	$	629,000	$	700,000

Property, Plant and Equipment [Table Text Block]

Fixed assets consist of the following:

	Estimated	As of December 31,		As of June 30,
	Useful Lives in years	2015		2015

Office equipment and furniture	3 - 5	$	108,000	$	-
Lab equipment	3 - 5		90,000		90,000
Leasehold improvements	3		18,000		-
Manufacturing equipment	5		7,000		-
Less accumulated depreciation and amortization			(79,000)		(60,000)

Fixed assets, net		$	144,000	$	30,000

Fixed Assets

Fixed assets are recorded at cost. After being placed in service, the fixed assets are depreciated using the straight-line method over estimated useful lives. Fixed assets consist of the following:

	Estimated	June 30,
	Useful Lives in years	2015		2014

Lab equipment	3 - 5		90,000		90,000
Less accumulated depreciation			(60,000)		(33,000)
Fixed assets, net		$	30,000	$	57,000

Aytu recorded the following depreciation expense in the respective periods:

	Year Ended June 30,
	2015		2014

Depreciation expense	$	27,000	$	27,000

Finite-lived Intangible Assets Amortization Expense [Table Text Block]

Aytu recorded the following amortization expense in the respective periods:

	Year Ended June 30,
	2015		2014

Amortization expense	$	71,000	$	70,000

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

Future amortization from the year ended June 30, 2015 is as follows:

2016	$	71,000
2017		71,000
2018		71,000
2019		71,000
2020		71,000
Thereafter		274,000
	$	629,000