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Commitments and Contingencies

6 Months Ended

Dec. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Commitments and contingencies are described below and summarized by the following as of December 31, 2018:

			Remaining
	Total		2019		2020		2021		2022		2023		Thereafter
Prescription database	$	2,185,000	$	630,000	$	509,000	$	534,000	$	512,000	$	-	$	-
Milestone payments		5,500,000		-		-		-		3,000,000		2,500,000		-
Office lease		197,000		61,000		109,000		27,000		-		-		-
	$	7,882,000	$	691,000	$	618,000	$	561,000	$	3,512,000	$	2,500,000	$	-

Prescription Database

In May 2016, Aytu entered into an agreement with a vendor that will provide Aytu with prescription information. Aytu agreed to pay approximately $1.9 million over three years for access to the database of prescriptions written for Natesto. The payments have been broken down into quarterly payments. In December 2018, Aytu executed an amendment to the contract that added Tuzistra XR and extended the contract through May of 2022. The amendment added $1.7 million to the contract and as of December 31, 2018, Aytu has $2.2 million in payments remaining.

Milestone Payments

In connection with our intangible assets, Aytu has certain milestone payments that will be payable in the future based around sales performance totaling $5.5 million.

Office Lease

In June 2018, the Company entered into a 12-month operating lease, beginning on August 1, 2018, for a new office space in Raleigh, North Carolina. This lease has base rent of $1,100 a month, with total rent over the term of the lease of approximately $13,200. In September 2015, the Company entered into a 37-month operating lease in Englewood, Colorado. This lease had an initial base rent of $9,000 a month with a total base rent over the term of the lease of approximately $318,000. In October 2017, the Company signed an amendment to the 37-month operating lease in Englewood, Colorado, extending the lease for an additional 24 months beginning October 1, 2018. The base rent remained $9,000 a month. Rent expense for the respective periods was as follows:

	Three Months Ended December 31,				Six Months Ended December 31,
	2018		2017		2018		2017
Rent expense	$	31,000	$	35,000	$	63,000	$	70,000