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Fair Value Considerations (Tables) | 6 Months Ended | 12 Months Ended
--- | --- | ---
Dec. 31, 2017 | Jun. 30, 2017
Fair Value Considerations [Abstract] |  |
Summary of fair value on a recurring basis |
|  | Fair Value Measurements Using |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |
LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |
Warrant derivative liability |  | $ | - |  |  | $ | - |  |  | $ | 3,300,000 |  |  | $ | 3,300,000 |
Contingent consideration |  | $ | - |  |  | $ | - |  |  | $ | 8,013,000 |  |  | $ | 8,013,000 |
June 30, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Warrant derivative liability |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Contingent consideration |  | $ | - |  |  | $ | - |  |  | $ | 7,648,000 |  |  | $ | 7,648,000
|  | Fair Value Measurements Using |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
June 30, 2017 |  |  |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |
Investment in Acerus |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Warrant derivative liability |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Contingent consideration |  | $ | - |  |  | $ | - |  |  | $ | 7,648,000 |  |  | $ | 7,648,000 |
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 |
Summary of significant assumptions in valuing the warrant derivative liability |
|  | December 31, 2017 |  |  | At Issuance |
Warrants: |  |  |  |  |  |
Volatility |  |  | 177.1 | % |  |  | 188.0 | %
Equivalent term (years) |  |  | 4.63 |  |  |  | 5.00 |
Risk-free interest rate |  |  | 2.16 | % |  |  | 1.83 | %
Dividend yield |  |  | 0.00 | % |  |  | 0.00 | %
|  | February 28, 2017 |  |  | June 30, 2016 |
Warrants: |  |  |  |  |  |  |  |
Volatility |  |  | 160.7 | % |  |  | 75.0 | %
Equivalent term (years) |  |  | 4.18 |  |  |  | 4.84 |
Risk-free interest rate |  |  | 1.87 | % |  |  | 0.99 | %
Dividend yield |  |  | 0.00 | % |  |  | 0.00 | %
Summary of 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, 2017 |  | $ | - |
Warrant issuances |  |  | 4,118,000 |
Change in fair value included in earnings |  |  | (818,000 | )
Balance as of December 31, 2017 |  | $ | 3,300,000 |
|  | Derivative Instruments |
Balance as of June 30, 2016 |  | $ | 276,000 |
Warrant issuances |  |  | - |
Change in fair value included in earnings (February 28, 2017) |  |  | (213,000 | )
Reclassification of warrant from liability to equity upon amendment |  |  | (63,000 | )
Balance as of June 30, 2017 |  | $ | - |
Summary of changes in the contingent consideration |
|  | Contingent Consideration |
Balance as of June 30, 2017 |  | $ | 7,648,000 |
Increase due to accretion |  |  | 384,000 |
Decrease due to contractual payment |  |  | (19,000 | )
Balance as of December 31, 2017 |  | $ | 8,013,000

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- Definition Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, applied during the period to each separate class of assets, liabilities, and financial instruments classified in shareholders' equity that are measured on a recurring and/or nonrecurring basis. + 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 (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19279-110258 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) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments. + References No definition available. + Details
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