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Business, Acquisition of Assets and Basis of Presentation (Tables)
9 Months Ended 12 Months Ended
Mar. 31, 2016
Jun. 30, 2015
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The Company’s allocation on consideration transferred for ProstaScint as of the purchase date of May 20, 2015 is as follows:
 
 
 
Fair Value
 
 
 
 
 
Tangible assets
 
$
727,000
 
Intangible assets
 
 
1,590,000
 
Goodwill
 
 
74,000
 
Total assets acquired
 
$
2,391,000
 
 
The Company’s allocation on consideration transferred for Primsol as of the purchase date of October 5, 2015 is as follows:
 
 
 
Fair Value
 
 
 
 
 
Tangible assets
 
$
182,000
 
Intangible assets
 
 
1,470,000
 
Goodwill
 
 
147,000
 
Total assets acquired
 
$
1,799,000
 
The Company’s allocation on consideration transferred for ProstaScint as of the purchase date May 20, 2015 is as follows:
 
 
 
Estimated
Fair
Value
 
Tangible assets
 
$
727,000
 
Intangible assets
 
 
1,590,000
 
Goodwill
 
 
74,000
 
Total assets acquired
 
$
2,391,000
 
Business Acquisition, Pro Forma Information [Table Text Block]  
Pro Forma Information
 
The unaudited pro-forma results presented below include the effects of the ProstaScint acquisition as if it has been consummated as of July 1, 2013, with adjustments to give effect to pro forma events that are directly attributable to the acquisition which includes adjustments related to the amortization of acquired intangible assets. The unaudited pro forma results do not reflect any operating efficiency or potential cost savings which may result from the consolidation of ProstaScint. Accordingly, these unaudited pro forma results are presented for informational purposes only and are not necessarily indicative of what the actual results of operation of the combined company would have been if the acquisition had occurred at the beginning of the period presented nor are they indicative of future results of operations and are not necessarily indicative of either future results of operations or results that might have been achieved had the acquisition been consummated as of July 1, 2013.
 
 
 
Years ended June 30,
 
 
 
2015
 
2014
 
 
 
 
 
 
 
 
 
Total revenue
 
$
1,371,106
 
$
1,736,139
 
 
 
 
 
 
 
 
 
Expenses
 
 
 
 
 
 
 
Cost of sales - ProstaScint
 
 
1,818,690
 
 
2,054,786
 
Research and development
 
 
3,065,626
 
 
3,933,619
 
Research and development - related party (Note 8)
 
 
156,988
 
 
125,587
 
General and administrative
 
 
4,417,884
 
 
2,388,665
 
Amortization and impairment of intangible assets
 
 
131,989
 
 
100,000
 
Loss from operations
 
 
(8,220,071)
 
 
(6,866,518)
 
Interest (expense) income
 
 
(114,994)
 
 
(45,553)
 
 
 
 
 
 
 
 
 
Net loss, before income tax
 
 
(8,335,065)
 
 
(6,912,071)
 
Deferred income tax benefit
 
 
23,910
 
 
813,697
 
Net loss
 
$
(8,311,155)
 
$
(6,098,374)
 
Prostascint Business [Member]    
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
 
$
159,000
 
2017
 
 
159,000
 
2018
 
 
159,000
 
2019
 
 
159,000
 
2020
 
 
159,000
 
Thereafter
 
 
775,000
 
 
 
$
1,570,000