XML 45 R29.htm IDEA: XBRL DOCUMENT v3.5.0.1
Fixed Assets (Tables)
9 Months Ended 12 Months Ended
Mar. 31, 2016
Jun. 30, 2015
Property, Plant and Equipment [Abstract]    
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