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Statements of Operations - USD ($) | 12 Months Ended
--- | ---
Jun. 30, 2016 | Jun. 30, 2015
Product and service revenue | $ 2,050,838 | $ 176,068
License revenue | 511,607 | 85,714
Total revenue | 2,562,445 | 261,782
Operating expenses |  |
Cost of sales | 957,076 | 88,109
Research and development | 6,127,772 | 3,219,361
Research and development - related party (Note 11) | 191,991 | 203,992
Sales, general and administrative | 8,517,592 | 3,980,974
Sales, general and administrative - related party (Note 11) | 307,704 | 311,004
Impairment of intangible assets | 7,500,000 | 0
Amortization of intangible assets | 664,707 | 90,662
Total operating expenses | 24,266,842 | 7,894,102
Loss from operations | (21,704,397) | (7,632,320)
Other (expense) |  |
Interest (expense) | (5,491,486) | (114,994)
Unrealized loss on investment | (971,629) | 0
Derivative (expense) | (12,572) | 0
Total other (expense) | (6,475,687) | (114,994)
Net loss, before income tax | (28,180,084) | (7,747,314)
Deferred income tax benefit | 0 | 23,910
Net loss | $ (28,180,084) | $ (7,723,404)
Weighted average number of Aytu common shares outstanding (in shares) | 1,741,137 | 767,326
Basic and diluted Aytu net loss per common share (in dollars per share) | $ (16.18) | $ (10.07)

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