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Fair Value Considerations (Tables) | 6 Months Ended | 12 Months Ended
--- | --- | ---
Dec. 31, 2016 | Jun. 30, 2016
Fair Value Disclosures [Abstract] |  |
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 as of December 31, 2016, by level within the fair value hierarchy:
|  | Fair Value Measurements Using |
|  | Level 1 |  | Level 2 |  | Level 3 |  | Total |
December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in Acerus |  | $ | 1,272,000 |  | $ | - |  | $ | - |  | $ | 1,272,000 |
LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |
Warrant derivative liability |  | $ | - |  | $ | - |  | $ | 80,000 |  | $ | 80,000 |
Contingent consideration |  | $ | - |  | $ | - |  | $ | 4,003,000 |  | $ | 4,003,000 |
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 |
| The following table presents Aytu’s financial liabilities that were accounted for at fair value on a recurring basis as of June 30, 2016, by level within the fair value hierarchy:
|  | Fair Value Measurements Using |
|  | Level 1 |  | Level 2 |  | Level 3 |  | Total |
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 |
June 30, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in Acerus |  | $ | - |  | $ | - |  | $ | - |  | $ | - |
LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |
Warrant derivative liability |  | $ | - |  | $ | - |  | $ | - |  | $ | - |
Contingent consideration |  | $ | - |  | $ | - |  | $ | 664,000 |  | $ | 664,000 |
Fair Value, Measured on Recurring Basis, Gain (Loss) Included in Earnings [Table Text Block] | The estimated fair value of the Company’s investment in Acerus, which is classified as Level 1 (quoted price is available), was $1,272,000 as of December 31, 2016. The estimated fair value of the Company’s marketable securities is determined using the quoted price in the active market based on the closing price as of the balance sheet date.
|  |  |  |  |  |  | Unrealized |  |  |  |
As of December 31, 2016 |  | Maturity in Years |  | Value at June 30, 2016 |  | Gains |  | Losses |  | Fair Value |
Investment in Acerus |  | Less than 1 year |  | $ | 1,041,000 |  | $ | 231,000 |  | $ |  |  | $ | 1,272,000 |
| The estimated fair value of the Company’s marketable securities is determined using the quoted price in the active market based on the closing price as of the balance sheet date.
|  |  |  | Initial |  | Unrealized |  |  |  |
As of June 30, 2016 |  | Maturity in Years |  | Cost |  | Gains |  | Losses |  | Fair Value |
Investment in Acerus |  | Less than 1 year |  | $ | 2,013,000 |  | $ | 0 |  | $ | (972,000) |  | $ | 1,041,000 |
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 December 31, 2016 and at issuance:
|  | December 31, 2016 |  | At Issuance |
Warrants: |  |  |  |  |  |  |
Volatility |  |  | 186.7 | % |  | 75.0 | %
Equivalent term (years) |  |  | 4.34 |  |  | 5.00 |
Risk-free interest rate |  |  | 1.33 | % |  | 1.32 | %
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 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 |  |  | (196,000) |
Balance as of December 31, 2016 |  | $ | 80,000 |
| The following table sets forth a reconciliation of changes in the fair value of financial liabilities classified as Level 3 in the fair valued hierarchy:
|  | Derivative Instruments |
Balance as of June 30, 2015 |  | $ | - |
Warrant issuances |  |  | 400,000 |
Reclassification of warrant liability to equity upon note conversion |  |  | (137,000) |
Change in fair value included in earnings |  |  | 13,000 |
Balance as of June 30, 2016 |  | $ | 276,000 |

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- Definition Tabular disclosure of the amount of gains or losses for the period included in earnings or resulted in a change to net assets, have arisen from the use of significant unobservable inputs (level 3) to measure the fair value of assets, liabilities, and financial instruments classified in shareholders' equity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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