XML 36 R26.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Equity Instruments (Tables) | 6 Months Ended
--- | ---
Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | The assumptions used for the six months ended December 31, 2016 are as follows:
Expected volatility |  |  | 182% - 185% |
Risk free interest rate |  |  | 0.97 % - 1.14% |
Expected term (years) |  |  | 5.0 - 6.5 |
Dividend yield |  |  | 0% |
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | Stock option activity is as follows:
|  |  |  | Weighted |  | Weighted Average |
|  | Number of |  | Average |  | Remaining Contractual |
|  | Options |  | Exercise Price |  | Life in Years |
Outstanding June 30, 2016 |  |  | 322,302 |  | $ | 18.01 |  |  | 9.33 |
Granted |  |  | 441,999 |  | $ | 3.23 |  |  |  |
Exercised |  |  | - |  | $ | - |  |  |  |
Forfeited/Cancelled |  |  | (17,646) |  | $ | 4.99 |  |  |  |
Outstanding December 31, 2016 |  |  | 746,655 |  | $ | 3.52 |  |  | 9.21 |
Exercisable at December 31, 2016 |  |  | 323,755 |  | $ | 3.40 |  |  | 9.10 |
Available for grant at December 31, 2016 |  |  | 1,253,345 |  |  |  |  |  |  |
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block] | The following table summarizes stock-based compensation expense for the three and six months ended December 31, 2016 and three and six months ended December 31, 2015:
|  | Three Months Ended December 31, |  | Six Months Ended December 31, |
|  | 2016 |  | 2015 |  | 2016 |  | 2015 |
Research and development expenses |  |  |  |  |  |  |  |  |  |  |  |  |
Stock options |  | $ | - |  | $ | 20,000 |  | $ | - |  | $ | 25,000 |
Selling, general and administrative expenses |  |  |  |  |  |  |  |  |  |  |  |  |
Stock options |  |  | 381,000 |  | $ | 163,000 |  |  | 1,425,000 |  |  | 226,000 |
|  | $ | 381,000 |  | $ | 183,000 |  | $ | 1,425,000 |  | $ | 251,000 |
Unrecognized expense at December 31, 2016 |  | $ | 1,435,000 |  |  |  |  |  |  |  |  |  |
Weighted average remaining years to vest |  |  | 2.26 |  |  |  |  |  |  |  |  |  |
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] | A summary of all warrants is as follows:
|  |  |  |  |  | Weighted Average Remaining |
|  | Number of Warrants |  | Weighted Average Exercise Price |  | Contractual Life in Years |
Outstanding June 30, 2016 |  |  | 2,201,627 |  | $ | 6.19 |  |  | 4.71 |
Issuance of settlement warrants to initial investors |  |  | 88,032 |  | $ | 4.00 |  |  |  |
Warrants issued to investors in connection with the registered offering |  |  | 6,020,245 |  | $ | 1.86 |  |  |  |
Warrants issued to placement agents for the registered offering |  |  | 401,450 |  | $ | 1.86 |  |  |  |
Outstanding December 31, 2016 |  |  | 8,711,354 |  | $ | 2.98 |  |  | 4.51 |
Schedule of Share-based Payment Award, Warrants, Valuation Assumptions [Table Text Block] | Significant assumptions in valuing the warrants issued during the December 31, 2016 quarter were as follows:
Expected volatility |  |  | 186.7% - 229.8% |
Risk free interest rate |  |  | 1.02% - 1.33% |
Contractual term (years) |  |  | 4.68 - 5.0 |
Dividend yield |  |  | 0% |

X
- Definition Tabular disclosure of share-based payment award, warrants, valuation assumptions. + References No definition available. + Details
Name: | aytu_ScheduleOfSharebasedPaymentAwardWarrantsValuationAssumptionsTableTextBlock
Namespace Prefix: | aytu_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of total share-based compensation cost, including the amounts attributable to each share-based compensation plan and any related tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68057994&loc=d3e25284-112666 + Details
Name: | us-gaap_ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration