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v3.6.0.2

Statements of Operations - USD ($) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015
Product and service revenue | $ 794,172 | $ 447,786 | $ 1,492,152 | $ 913,742
License revenue | 0 | 21,428 | 0 | 42,857
Total revenue | 794,172 | 469,214 | 1,492,152 | 956,599
Operating expenses |  |  |  |
Cost of sales | 551,293 | 244,100 | 743,217 | 281,425
Research and development | 263,457 | 1,308,460 | 495,479 | 2,164,334
Research and development - related party (Note 10) | 47,998 | 47,998 | 95,996 | 95,996
Sales, general and administrative | 3,642,332 | 1,687,724 | 9,347,082 | 3,250,903
Sales, general and administrative - related party (Note 10) | 50,772 | 86,443 | 101,544 | 175,068
Amortization of finite-lived intangible assets | 437,014 | 108,489 | 874,029 | 165,936
Total operating expenses | 4,992,866 | 3,483,214 | 11,657,347 | 6,133,662
Loss from operations | (4,198,694) | (3,014,000) | (10,165,195) | (5,177,063)
Other (expense) income |  |  |  |
Interest (expense) | (388,085) | (240,214) | (803,465) | (353,467)
Derivative income (expense) | 266,757 | (78,166) | 196,148 | (78,038)
Unrealized (loss) gain on investment | (497,164) | 0 | 230,936 | 0
Total other (expense) income | (618,492) | (318,380) | (376,381) | (431,505)
Net loss | $ (4,817,186) | $ (3,332,380) | $ (10,541,576) | $ (5,608,568)
Weighted average number of Aytu common shares outstanding (in shares) | 7,850,790 | 1,188,308 | 5,910,910 | 1,188,308
Basic and diluted Aytu net loss per common share (in dollars per share) | $ (0.61) | $ (2.8) | $ (1.78) | $ (4.72)

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