XML 13 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Balance Sheets - USD ($)
Mar. 31, 2017
Jun. 30, 2016
Current assets    
Cash and cash equivalents $ 3,470,158 $ 8,054,190
Restricted cash 75,107 0
Accounts receivable, net 342,537 162,427
Inventory, net 208,197 524,707
Prepaid expenses and other 342,113 215,558
Prepaid research and development - related party (Note 11) 0 121,983
Investment in Acerus 0 1,041,362
Total current assets 4,438,112 10,120,227
Fixed assets, net 271,276 231,430
Developed technology, net 641,875 1,159,736
Customer contracts, net 585,000 1,353,375
Trade names, net 65,000 194,472
Natesto asset, net 9,560,754 10,549,797
Goodwill 74,000 221,000
Patents, net 277,611 296,611
Long-term portion of prepaid research and development - related party (Note 11) 0 213,471
Deposits 2,888 2,888
Total long-term assets 11,478,404 14,222,780
Total assets 15,916,516 24,343,007
Current liabilities    
Accounts payable and other 1,408,953 2,322,605
Accrued liabilities 1,050,816 1,197,106
Natesto payable 0 5,379,675
Accrued compensation 845,571 1,200,930
Deferred Rent 6,430 4,109
Contingent consideration 42,667 0
Total current liabilities 3,354,437 10,104,425
Contingent consideration 4,037,664 3,869,122
Deferred rent 3,119 8,215
Warrant derivative liability 0 275,992
Total liabilities 7,395,220 14,257,754
Commitments and contingencies (Note 7)
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 13,836,607 and 3,741,944, respectively as of March 31, 2017 and June 30, 2016 1,384 374
Additional paid-in capital 70,839,253 56,646,304
Accumulated deficit (62,319,341) (46,561,425)
Total stockholders’ equity 8,521,296 10,085,253
Total liabilities and stockholders’ equity $ 15,916,516 $ 24,343,007