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Balance Sheets - USD ($)
Dec. 31, 2016
Jun. 30, 2016
Jun. 30, 2015
Current assets      
Cash and cash equivalents $ 5,230,394 $ 8,054,190 $ 7,353,061
Restricted cash 75,062 0  
Accounts receivable, net 582,393 162,427 157,058
Inventory, net 438,966 524,707 39,442
Prepaid expenses and other 436,573 215,558 370,888
Prepaid research and development - related party (Note 10) 121,983 121,983 121,983
Investment in Acerus 1,272,298 1,041,362 0
Total current assets 8,157,669 10,120,227 8,042,432
Fixed assets, net 292,169 231,430 29,706
Developed technology, net 1,076,903 1,159,736 780,125
Customer contracts, net 1,249,875 1,353,375 711,000
Trade names, net 178,806 194,472 79,000
Natesto asset, net 9,890,435 10,549,797 0
Goodwill 221,000 221,000 74,000
In-process research and development   0 7,500,000
Patents, net 283,944 296,611 628,776
Long-term portion of prepaid research and development - related party (Note 10) 152,479 213,471 335,454
Deposits 2,888 2,888 4,886
Total non current assets 13,348,499 14,222,780 10,142,947
Total assets 21,506,168 24,343,007 18,185,379
Current liabilities      
Accounts payable and accrued liabilities 2,445,849 3,519,711 1,195,368
Natesto payable 4,000,000 5,379,675 0
Accrued compensation 519,498 1,200,930 196,503
Deferred revenue   0 85,714
Deferred rent 6,187 4,109 0
Total current liabilities 6,971,534 10,104,425 1,477,585
Contingent consideration 4,003,229 3,869,122 664,000
Long-term deferred revenue   0 425,893
Deferred rent 4,787 8,215 1,449
Warrant derivative liability 79,844 275,992 0
Total liabilities 11,059,394 14,257,754 2,568,927
Commitments and contingencies (Note 6)
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; shares issued and outstanding 10,845,566 (unaudited) and 3,741,944, respectively as of December 31, 2016 and June 30, 2016 1,085 374 119
Additional paid-in capital 67,548,690 56,646,304 38,997,674
Ampio stock subscription   0 (5,000,000)
Accumulated deficit (57,103,001) (46,561,425) (18,381,341)
Total stockholders' equity 10,446,774 10,085,253 15,616,452
Total liabilities and stockholders' equity $ 21,506,168 $ 24,343,007 $ 18,185,379