Fair Value Considerations (Tables)

9 Months Ended

Mar. 31, 2017

Financial Assets And Liabilities Not Measured At Fair Value On Recurring Basis [Table Text Block]

The following table presents Aytu’s financial assets and liabilities that were accounted for at fair value on a recurring basis, by level within the fair value hierarchy:

	Fair Value Measurements Using
	Level 1		Level 2		Level 3		Total
March 31, 2017
ASSETS
Investment in Acerus	$	-	$	-	$	-	$	-

LIABILITIES
Warrant derivative liability	$	-	$	-	$	-	$	-
Contingent consideration	$	-	$	-	$	4,080,000	$	4,080,000

June 30, 2016
ASSETS
Investment in Acerus	$	1,041,000	$	-	$	-	$	1,041,000

LIABILITIES
Warrant derivative liability	$	-	$	-	$	276,000	$	276,000
Contingent consideration	$	-	$	-	$	3,869,000	$	3,869,000

Fair Value Inputs, Liabilities, Quantitative Information [Table Text Block]

Significant assumptions in valuing the warrant derivative liability, based on estimates of the value of Aytu common stock and various factors regarding the warrants, were as follows as of February 28, 2017 and at June 30, 2016:

	February 28, 2017			June 30, 2016
Warrants:
Volatility		160.7	%		75.0	%
Equivalent term (years)		4.18			4.84
Risk-free interest rate		1.87	%		0.99	%
Dividend yield		0.00	%		0.00	%

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The following table sets forth a reconciliation of changes in the fair value of the derivative financial liabilities classified as Level 3 in the fair value hierarchy:

	Derivative Instruments

Balance as of June 30, 2016	$	276,000
Warrant issuances		-
Change in fair value included in earnings (February 28, 2017)		(213,000)
Reclassification of warrant from liability to equity upon amendment		(63,000)
Balance as of March 31, 2017	$	-