XML 12 R2.htm IDEA: XBRL DOCUMENT v3.6.0.2
Balance Sheets - USD ($)
Dec. 31, 2016
Jun. 30, 2016
Current assets    
Cash and cash equivalents $ 5,230,394 $ 8,054,190
Restricted cash 75,062 0
Accounts receivable, net 582,393 162,427
Inventory, net 438,966 524,707
Prepaid expenses and other 436,573 215,558
Prepaid research and development - related party (Note 10) 121,983 121,983
Investment in Acerus 1,272,298 1,041,362
Total current assets 8,157,669 10,120,227
Fixed assets, net 292,169 231,430
Developed technology, net 1,076,903 1,159,736
Customer contracts, net 1,249,875 1,353,375
Trade names, net 178,806 194,472
Natesto asset, net 9,890,435 10,549,797
Goodwill 221,000 221,000
Patents, net 283,944 296,611
Long-term portion of prepaid research and development - related party (Note 10) 152,479 213,471
Deposits 2,888 2,888
Total long-term assets 13,348,499 14,222,780
Total assets 21,506,168 24,343,007
Current liabilities    
Accounts payable and accrued liabilities 2,445,849 3,519,711
Natesto payable 4,000,000 5,379,675
Accrued compensation 519,498 1,200,930
Deferred Rent 6,187 4,109
Total current liabilities 6,971,534 10,104,425
Contingent consideration 4,003,229 3,869,122
Deferred rent 4,787 8,215
Warrant derivative liability 79,844 275,992
Total liabilities 11,059,394 14,257,754
Commitments and contingencies (Note 6)
Stockholders' equity    
Preferred Stock, par value $.0001; 50,000,000 shares authorized; none issued 0 0
Common Stock, par value $.0001; 100,000,000 shares authorized; shares issued and outstanding 10,845,566 (unaudited) and 3,741,944, respectively as of December 31, 2016 and June 30, 2016 1,085 374
Additional paid-in capital 67,548,690 56,646,304
Accumulated deficit (57,103,001) (46,561,425)
Total stockholders' equity 10,446,774 10,085,253
Total liabilities and stockholders' equity $ 21,506,168 $ 24,343,007