XML 28 R18.htm IDEA: XBRL DOCUMENT v3.6.0.2
Related Party Transactions
6 Months Ended
Dec. 31, 2016
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]
Note 10 – Related Party Transactions
 
Executive/Director Stock Purchases
 
When Aytu completed the November registered offering, our executive officers Joshua Disbrow, Jarrett Disbrow and Gregory Gould and our director, Gary Cantrell, participated in this offering, purchasing 166,666, 166,666, 66,666 and 33,333 units respectively.
 
Ampio Loan Agreements
 
On April 16, 2015, Ampio received 396,816 shares of common stock of Aytu for (i) issuance to Aytu of a promissory note from Ampio in the principal amount of $10.0 million, maturing on the first anniversary of the Merger, and (ii) cancellation of indebtedness of $12.0 million to Ampio. The $10.0 million was paid to Aytu, with $5.0 million paid in June of 2015 and $5.0 million paid in December of 2015.
 
Services Agreement
 
The Company has a service agreement with Ampio which is described in Note 6.
 
Sponsored Research Agreement
 
The Company has a service agreement with TRLLC which is described in Note 6.