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v3.8.0.1

Consolidated Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended
--- | --- | --- | ---
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2017 | Dec. 31, 2016 | Jun. 30, 2017 | Jun. 30, 2016
Revenue |  |  |  |  |  |
Product and service revenue |  |  |  |  | $ 3,221,590 | $ 2,050,838
License revenue |  |  |  |  |  | 511,607
Product revenue | $ 1,051,154 | $ 794,172 | $ 2,127,522 | $ 1,492,152 |  |
Total revenue | 1,051,154 | 794,172 | 2,127,522 | 1,492,152 | 3,221,590 | 2,562,445
Operating expenses |  |  |  |  |  |
Cost of sales | 385,411 | 551,293 | 672,612 | 743,217 | 1,417,355 | 957,076
Research and development | (277,486) | 263,457 | (136,532) | 495,479 | 959,857 | 6,127,772
Research and development - related party (Note 9) |  | 47,998 |  | 95,996 | 387,960 | 191,991
Sales, general and administrative | 4,553,366 | 3,642,332 | 9,171,769 | 9,347,082 | 17,442,627 | 8,517,592
Sales, general and administrative - related party (Note 9) |  | 50,772 |  | 101,544 | 165,131 | 307,704
Impairment of intangible assets |  |  |  |  | 1,265,125 | 7,500,000
Amortization of intangible assets |  |  |  |  | 1,708,771 | 664,707
Amortization and impairment of intangible assets | 383,811 | 437,014 | 769,652 | 874,029 |  |
Total operating expenses | 5,045,102 | 4,992,866 | 10,477,501 | 11,657,347 | 23,346,826 | 24,266,842
Loss from operations | (3,993,948) | (4,198,694) | (8,349,979) | (10,165,195) | (20,125,236) | (21,704,397)
Other income (expense) |  |  |  |  |  |
Interest expense | (196,781) | (388,085) | (385,526) | (803,465) | (2,534,358) | (5,491,486)
Derivative income | 518,051 | 266,757 | 817,785 | 196,148 | 212,809 | (12,572)
Unrealized (loss) gain on investment |  | (497,164) |  | 230,936 | (61,519) | (971,629)
Total other income (expense) | 321,270 | (618,492) | 432,259 | (376,381) | (2,383,068) | (6,475,687)
Net loss | $ (3,672,678) | $ (4,817,186) | $ (7,917,720) | $ (10,541,576) | $ (22,508,304) | $ (28,180,084)
Weighted average number of Aytu common shares outstanding | 4,113,256 | 392,540 | 2,481,110 | 295,546 | 466,024 | 87,057
Basic and diluted Aytu net loss per common share | $ (0.89) | $ (12.27) | $ (3.19) | $ (35.67) | $ (48.30) | $ (323.70)

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