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Balance Sheets - USD ($)
Sep. 30, 2016
Jun. 30, 2016
Jun. 30, 2015
Current assets      
Cash and cash equivalents $ 2,749,213 $ 8,054,190 $ 7,353,061
Restricted cash 75,031 0  
Accounts receivable, net 509,440 162,427 157,058
Inventory, net 585,357 524,707 39,442
Prepaid expenses and other 553,083 215,558 370,888
Prepaid research and development - related party 121,983 121,983 121,983
Investment in Acerus 1,769,462 1,041,362 0
Total current assets 6,363,569 10,120,227 8,042,432
Fixed assets, net 313,185 231,430 29,706
Developed technology, net 1,118,319 1,159,736 780,125
Customer contracts, net 1,301,625 1,353,375 711,000
Trade names, net 186,639 194,472 79,000
Natesto asset, net 10,220,116 10,549,797 0
Goodwill 221,000 221,000 74,000
In-process research and development   0 7,500,000
Patents, net 290,278 296,611 628,776
Long-term portion of prepaid research and development - related party 182,975 213,471 335,454
Deposits 2,888 2,888 4,886
Total non current assets 13,837,025 14,222,780 10,142,947
Total assets 20,200,594 24,343,007 18,185,379
Current liabilities      
Accounts payable and accrued liabilities 2,507,696 3,519,711 1,195,368
Natesto payable 5,685,191 5,379,675 0
Accrued compensation 532,138 1,200,930 196,503
Deferred revenue   0 85,714
Deferred rent 5,944 4,109 0
Total current liabilities 8,730,969 10,104,425 1,477,585
Contingent consideration 3,929,921 3,869,122 664,000
Long-term deferred revenue   0 425,893
Deferred rent 6,455 8,215 1,449
Warrant derivative liability 346,600 275,992 0
Total liabilities 13,013,945 14,257,754 2,568,927
Commitments and contingencies
Stockholders' equity      
Preferred Stock, par value $.0001; 50,000,000 shares authorized; none issued 0 0 0
Common Stock, par value $.0001; 100,000,000 shares authorized 511 374 119
Additional paid-in capital 59,471,953 56,646,304 38,997,674
Ampio stock subscription   0 (5,000,000)
Accumulated deficit (52,285,815) (46,561,425) (18,381,341)
Total stockholders' equity 7,186,649 10,085,253 15,616,452
Total liabilities and stockholders' equity $ 20,200,594 $ 24,343,007 $ 18,185,379