XML 44 R28.htm IDEA: XBRL DOCUMENT v3.5.0.1
Summary of Significant Accounting Policies (Tables)
9 Months Ended 12 Months Ended
Mar. 31, 2016
Jun. 30, 2015
Property, Plant and Equipment [Table Text Block]
Fixed assets consist of the following:
 
 
 
Estimated
 
As of March 31,
 
As of June 30,
 
 
 
Useful Lives in years
 
2016
 
2015
 
 
 
 
 
 
 
 
 
Office equipment and furniture
 
3 - 5
 
$
154,000
 
$
-
 
Lab equipment
 
3 - 5
 
 
90,000
 
 
90,000
 
Leasehold improvements
 
3
 
 
43,000
 
 
-
 
Manufacturing equipment
 
5
 
 
7,000
 
 
-
 
Less accumulated depreciation and amortization
 
 
 
 
(97,000)
 
 
(60,000)
 
Fixed assets, net
 
 
 
$
197,000
 
$
30,000
 
Fixed assets consist of the following:
 
 
 
Estimated
Useful
Lives in
 
June 30,
 
 
 
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
 
Patents [Member]    
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
 
Schedule of Finite-Lived Intangible Assets [Table Text Block]  
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