XML 46 R17.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies

3 Months Ended

Sep. 30, 2019

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and contingencies are described below and summarized by the following as of September 30, 2019:

		Total				2020				2021				2022				2023				2024				Thereafter
Prescription database		$	1,469,000			$	423,000			$	534,000			$	512,000			$	-			$	-			$	-
Product milestone payments			5,500,000				-				-				-				5,500,000				-				-
		$	6,969,000			$	423,000			$	534,000			$	512,000			$	5,500,000			$	-			$	-

Prescription Database

In May 2016, the Company entered into an agreement with a vendor that will provide it with prescription database information. The Company agreed to pay approximately $1.6 million over three years for access to the database of prescriptions written for Natesto. The payments have been broken down into quarterly payments.

Milestone Payments

In connection with the Company’s intangible assets, Aytu has certain milestone payments, totaling $5.5 million, payable at a future date, are not directly tied to future sales, but upon other events certain to happen. These obligations are included in the valuation of the Company’s contingent consideration (see Note 9).