Fixed Assets (Tables)

3 Months Ended

12 Months Ended

Sep. 30, 2016

Jun. 30, 2016

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Table Text Block]

Fixed assets are recorded at cost and, once placed in service, are depreciated on the straight-line method over the estimated useful lives. Fixed assets consist of the following:

	Estimated	As of		As of
	Useful Lives in years	September 30, 2016		June 30, 2016
Office equipment and furniture	3 – 5	$	234,000	$	201,000
Lab equipment	3 – 5		90,000		90,000
Leasehold improvements	3		112,000		45,000
Manufacturing equipment	5		7,000		7,000
Less accumulated depreciation and amortization			(130,000)		(112,000)
Fixed assets, net		$	313,000	$	231,000

Fixed assets consist of the following:

	Estimated Useful Lives in years		June 30,
	Estimated Useful Lives in years		2016			2015
Office equipment and furniture		3 – 5	$	201,000		$	—
Lab equipment		3 – 5		90,000			90,000
Leasehold improvements		3		45,000			—
Manufacturing equipment		5		7,000			—
Less accumulated depreciation and amortization				(112,000	)		(60,000	)
Fixed assets, net			$	231,000		$	30,000

Aytu recorded the following depreciation expense in the respective periods:

	Year Ended June 30,
	2016		2015
Depreciation expense	$	51,000	$	27,000