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v3.6.0.2

Statements of Operations - USD ($) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2016 | Sep. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015
Product and service revenue | $ 697,980 | $ 465,956 | $ 2,050,838 | $ 176,068
License revenue | 0 | 21,429 | 511,607 | 85,714
Total revenue | 697,980 | 487,385 | 2,562,445 | 261,782
Operating expenses |  |  |  |
Cost of sales | 191,924 | 37,325 | 957,076 | 88,109
Research and development | 232,022 | 855,874 | 6,127,772 | 3,219,361
Research and development - related party | 47,998 | 47,998 | 191,991 | 203,992
Sales, general and administrative | 5,704,750 | 1,563,179 | 8,517,592 | 3,980,974
Sales, general and administrative - related party | 50,772 | 88,625 | 307,704 | 311,004
Impairment of intangible assets |  |  | 7,500,000 | 0
Amortization of intangible assets | 437,014 | 57,447 | 664,707 | 90,662
Total operating expenses | 6,664,480 | 2,650,448 | 24,266,842 | 7,894,102
Loss from operations | (5,966,500) | (2,163,063) | (21,704,397) | (7,632,320)
Other income (expense) |  |  |  |
Interest (expense) | (415,381) | (113,253) | (5,491,486) | (114,994)
Derivative (expense) income | (70,609) | 128 | (12,572) | 0
Unrealized gain (loss) on investment | 728,100 | 0 | (971,629) | 0
Total other income (expense) | 242,110 | (113,125) | (6,475,687) | (114,994)
Net loss, before income tax |  |  | (28,180,084) | (7,747,314)
Deferred income tax benefit |  |  | 0 | 23,910
Net loss | $ (5,724,390) | $ (2,276,188) | $ (28,180,084) | $ (7,723,404)
Weighted average number of Aytu common shares outstanding (in shares) | 4,898,748 | 1,188,307 | 1,741,137 | 767,326
Basic and diluted Aytu net loss per common share (in dollars per share) | $ (1.17) | $ (1.92) | $ (16.18) | $ (10.07)

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