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Commitments and Contingencies

9 Months Ended

Mar. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Commitments and contingencies are described below and summarized by the following as of March 31, 2019:

	Total		Remaining 2019		2020		2021		2022		2023		Thereafter
Prescription database	$	2,029,000	$	474,000	$	509,000	$	534,000	$	512,000	$	-	$	-
Milestone payments		5,500,000		-		-		-		3,000,000		2,500,000		-
Office lease		521,000		30,000		109,000		113,000		180,000		121,000		30,000
	$	8,050,000	$	504,000	$	618,000	$	647,000	$	3,630,000	$	2,621,000	$	30,000

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. Aggregate 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 value and as of March 31, 2019, Aytu has $2.0 million of payments remaining.

Milestone Payments

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

Office Lease

In June 2018, the Company entered into a 12-month operating lease, beginning on August 1, 2018, for 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 per month. In April 2019, the Company extended the lease for an additional 36 months beginning October1, 2020 (see Note 12). Rent expense for the respective periods was as follows:

	Three Months Ended March 31,				Nine Months Ended March 31,
	2019		2018		2019		2018
Rent expense	$	31,000	$	35,000	$	94,000	$	105,000