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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Jun. 30, 2017
Schedules of Concentration of Risk, by Risk Factor [Table Text Block]
The revenue from these counterparties as a percentage of total revenue was as follows:
 
 
 
Year Ended June 30,
 
 
 
2017
 
2016
 
Customer A
 
 
34
%
 
-
 
Customer B
 
 
22
%
 
-
 
Customer C
 
 
18
%
 
-
 
Customer D
 
 
0
%
 
86
%
 
 
 
 
Year Ended June 30,
 
 
 
2017
 
2016
 
Customer A
 
 
25
%
 
-
 
Customer B
 
 
17
%
 
-
 
Customer C
 
 
18
%
 
-
 
Customer D
 
 
0
%
 
69
%
Schedule of Inventory, Current [Table Text Block]
Inventory consist of the following:
 
 
 
June 30,
 
 
 
2017
 
2016
 
Raw materials
 
$
442,000
 
$
77,000
 
Work in process
 
 
442,000
 
 
-
 
Finished goods
 
 
738,000
 
 
647,000
 
Reserve
 
 
(310,000)
 
 
(199,000)
 
 
 
$
1,312,000
 
$
525,000
 
Property, Plant and Equipment [Table Text Block]
Fixed assets consist of the following:
 
 
 
Estimated
 
June 30,
 
 
 
Useful Lives in years
 
2017
 
2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Office equipment, furniture and other
 
2 - 5
 
$
405,000
 
$
201,000
 
Lab equipment
 
3 - 5
 
 
111,000
 
 
90,000
 
Leasehold improvements
 
3
 
 
287,000
 
 
45,000
 
Manufacturing equipment
 
2 - 5
 
 
90,000
 
 
7,000
 
Less accumulated depreciation and amortization
 
 
 
 
(246,000)
 
 
(112,000)
 
 
 
 
 
 
 
 
 
 
 
Fixed assets, net
 
 
 
$
647,000
 
$
231,000
 
 
Aytu recorded the following depreciation expense in the respective periods:
 
 
 
Year Ended June 30,
 
 
 
2017
 
2016
 
 
 
 
 
 
 
Depreciation expense
 
$
134,000
 
$
51,000
 
Schedule of Finite-Lived Intangible Assets [Table Text Block]
Patents consist of the following:
 
 
 
June 30,
 
 
 
2017
 
2016
 
 
 
 
 
 
 
Patents
 
$
880,000
 
$
880,000
 
Less accumulated amortization
 
 
(609,000)
 
 
(583,000)
 
 
 
 
 
 
 
 
 
Patents, net
 
$
271,000
 
$
297,000
 
Finite-lived Intangible Assets Amortization Expense [Table Text Block]
Aytu recorded the following amortization expense in the respective periods:
 
 
 
Year Ended June 30,
 
 
 
2017
 
2016
 
 
 
 
 
 
 
Amortization expense
 
$
26,000
 
$
332,000
 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
Future amortization after the year ended June 30, 2017 is as follows:
 
2018
 
$
144,000
 
2019
 
 
144,000
 
2020
 
 
144,000
 
2021
 
 
144,000
 
2022
 
 
144,000
 
Thereafter
 
 
798,000
 
 
 
$
1,518,000
 
Patents [Member]  
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
Future amortization from the year ended June 30, 2017 is as follows:
 
2018
 
$
25,000
 
2019
 
 
25,000
 
2020
 
 
25,000
 
2021
 
 
25,000
 
2022
 
 
25,000
 
Thereafter
 
 
146,000
 
 
 
$
271,000