Income Taxes (Tables)

12 Months Ended

Jun. 30, 2015

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Income tax benefit resulting from applying statutory rates in jurisdictions in which Aytu is taxed (Federal and State of Colorado) differs from the income tax provision (benefit) in the Aytu’s financial statements. The following table reflects the reconciliation for the respective periods:

	Years Ended June 30,
	2015			2014

Benefit at federal statutory rate		(34.00)	%		(34.00)	%
State, net of federal income tax benefit		(2.79)	%		(2.89)	%
Stock-based compensation		5.51	%		1.84	%
Change in valuation allowance		30.95	%		22.29	%
Other		0.03	%		0.03	%
Effective tax rate		(0.30)	%		(12.73)	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Deferred income taxes arise from temporary differences in the recognition of certain items for income tax and financial reporting purposes. The approximate tax effects of significant temporary differences which comprise the deferred tax assets and liabilities are as follows for the respective periods:

	2015		2014
Current deferred income tax asset:
Deferred revenue short-term	$	32,000	$	32,000
Accrued expenses		73,000		—
Valuation allowance		(64,000)		(13,000)
Total current deferred income tax asset		41,000		19,000

Long-term deferred income tax assets (liabilities):
Net operating loss carryforward		6,337,000		3,847,000
Section 197 intangible		453,000		482,000
Deferred revenue long-term		158,000		190,000
Share-based compensation expense		—		80,000
Acquired in-process research and development		(2,779,000)		(2,779,000)
Less: Valuation allowance		(4,210,000)		(1,863,000)
Total long-term deferred income tax assets (liabilities)		(41,000)		(43,000)
Total deferred income tax assets (liabilities)	$	—	$	(24,000)