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Fair Value Considerations (Tables)

6 Months Ended

Dec. 31, 2015

Fair Value Disclosures [Abstract]

Financial Assets And Liabilities Not Measured At Fair Value On Recurring Basis [Table Text Block]

The following table presents Aytu’s financial liabilities that were accounted for at fair value on a recurring basis as of December 31, 2015, by level within the fair value hierarchy:

		Fair Value Measurements Using
		Level 1			Level 2			Level 3			Total
December 31, 2015
LIABILITIES
Warrant derivative liability		$	-		$	-		$	181,000		$	181,000

Fair Value Inputs, Liabilities, Quantitative Information [Table Text Block]

Significant assumptions in valuing the warrant derivative liability, based on estimates of the value of Aytu common stock and various factors regarding the warrants, were as follows as of December 31, 2015 and at issuance:

		December 31, 2015				At Issuance
Warrants:
Exercise price		$	0.98				$1.51 - $1.95
Volatility			75.0	%			75.0	%
Equivalent term (years)			4.67				5.0 - 5.11
Risk-free interest rate			1.57% - 1.60	%			1.54% - 1.74	%
Potential number of shares			126,000 - 215,000				139,000 - 224,000

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The following table sets forth a reconciliation of changes in the fair value of financial liabilities classified as Level 3 in the fair valued hierarchy:

		Derivative Instruments
Balance as of June 30, 2015		$	-
Warrant issuances			103,000
Included in earnings			78,000
Balance as of December 31, 2015		$	181,000

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Financial assets and liabilities not measured at fair value on recurring basis.

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- Definition

Tabular disclosure of quantitative information about the inputs used in the fair value measurement of liabilities. This disclosure may include, but is not limited to, the fair value of the liability, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258

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Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19279-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258

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