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Balance Sheets - USD ($)
Mar. 31, 2016
Jun. 30, 2015
Jun. 30, 2014
Current assets      
Cash and cash equivalents $ 8,665,835 $ 7,353,061 $ 2,639,650
Accounts receivable 84,274 157,058 0
Inventory 621,352 39,442 0
Prepaid expenses, other 943,126 370,888 521,322
Prepaid research and development - related party 121,983 121,983 121,983
Deferred tax asset   41,427 18,897
Total current assets 10,436,570 8,083,859 3,301,852
Fixed assets, net 196,885 29,706 57,246
Developed technology, net 1,201,153 780,125 0
Customer contracts, net 1,405,125 711,000 0
Trade names, net 202,306 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 575,686 628,776 699,563
Long-term portion of prepaid research and development - related party 243,967 335,454 457,438
Deposits 2,888 4,886 0
Total non current assets 11,549,010 10,142,947 8,714,247
Total assets 21,985,580 18,226,806 12,016,099
Current liabilities      
Accounts payable and accrued liabilities 1,177,049 1,195,368 649,503
Accrued liabilities - related party (Note 8)   0 150,000
Primsol payable 1,154,616 0  
Accrued compensation 787,954 196,503 0
Deferred revenue 85,714 85,714 85,714
Payable to Ampio   0 561,059
Notes to Ampio   0 4,600,000
Interest payable to Ampio   0 46,002
Total current liabilities 3,205,333 1,477,585 6,092,278
Convertible promissory notes, net of amortization discount of $253,448 (Note 8) 9,797 0  
Contingent consideration 698,826 664,000 0
Long-term deferred revenue 361,607 425,893 511,607
Interest payable 66,131 0  
Deferred rent 12,009 1,449  
Noncurrent deferred tax liability   41,427 42,807
Warrant derivative liability 66,204 0  
Total liabilities $ 4,419,907 $ 2,610,354 $ 6,646,692
Commitments and contingencies
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 2,245 1,426 790
Additional paid-in capital 48,827,395 38,996,367 16,026,554
Ampio stock subscription 0 (5,000,000) 0
Accumulated deficit (31,263,967) (18,381,341) (10,657,937)
Total stockholders' equity 17,565,673 15,616,452 5,369,407
Total liabilities and stockholders' equity $ 21,985,580 $ 18,226,806 $ 12,016,099