XML 49 R27.htm IDEA: XBRL DOCUMENT v3.4.0.3
Fixed Assets (Tables)
 6 Months Ended 12 Months Ended
Dec. 31, 2015
Jun. 30, 2015
Property, Plant and Equipment [Abstract]    
Property, Plant and Equipment [Table Text Block]

Fixed assets are recorded at cost and, once placed in service, are depreciated on the straight-line method over the estimated useful lives. Fixed assets consist of the following:
 
 
 
Estimated
Useful Lives
in years
 
As of
December 31,
2015
 
As of
June 30,
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 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
Useful Lives in years
 
June 30,
  
 
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