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Acquisitions (Tables)

12 Months Ended

Jun. 30, 2020

Business Combinations [Abstract]

Assets acquired and liabilities assumed

The Pediatric Portfolio

		As of
		November 1, 2019
Consideration
Cash and cash equivalents		$	4,500,000
Fair value of Series G Convertible Preferred Stock
Total shares issued			9,805,845
Estimated fair value per share of Aytu common stock		$	0.567
			5,559,914
Total consideration transferred		$	10,059,914
Recognized amounts of identifiable assets acquired and liabilities assumed
Inventory, net		$	459,123
Prepaid assets			1,743,555
Other current assets			2,525,886
Intangible assets - product marketing rights			22,700,000
Accrued liabilities			(300,000	)
Accrued product program liabilities			(6,683,932	)
Assumed fixed payment obligations		$	(29,837,853	)
Total identifiable net assets			(9,393,221	)
Goodwill		$	19,453,135

Innovus Merger (Consumer Health Portfolio)

		As of
		February 14, 2020
Consideration
Fair value of Aytu Common Stock
Total shares issued at close			3,810,393
Estimated fair value per share of Aytu common stock		$	0.756
Estimated fair value of equity consideration transferred		$	2,880,581
Fair value of Series H Convertible Preferred Stock
Total shares issued			1,997,736
Estimated fair value per share of Aytu common stock		$	0.756
Estimated fair value of equity consideration transferred		$	1,510,288
Fair value of former Innovus warrants		$	15,315
Fair value of Contingent Value Rights		$	7,049,079
Forgiveness of Note Payable owed to the Company		$	1,350,000
Total consideration transferred		$	12,805,263

		As of
		February 14, 2020
Total consideration transferred		$	12,805,263
Cash and cash equivalents		$	390,916
Accounts receivables, net			278,826
Inventory, net			1,149,625
Prepaid expenses and other current assets			1,692,133
Other long-term assets			36,781
Right-to-use assets			328,410
Property, plant and equipment			190,393
Trademarks and patents			11,744,000
Accounts payable and accrued other expenses			(7,202,309	)
Other current liabilities			(629,601	)
Debt			(3,056,361	)
Lease liability			(754,822	)
Total identifiable net assets			4,167,991
Goodwill		$	8,637,272

Reconciliation of goodwill

		Goodwill – Pediatric Portfolio
Balance as of November 1, 2019		$	15,387,064
Increase due to change in estimated fixed payment obligations			3,766,071
Increase to account for settlement with former product licensor			300,000
Balance as of June 30, 2020		$	19,453,135

		Goodwill - Innovus Merger
As of February 14, 2020		$	8,374,269
Increase due to settlements related to lawsuit and product royalties			209,178
Increase due to additional bonus accrual			53,825
As of June 30, 2020		$	8,637,272

Intangible assets acquired

The Pediatric Portfolio

		As of November 1, 2020
Acquired product technology rights		$	22,700,000

 Innovus Merger (Consumer Health Portfolio)

		As of February 14, 2020
Acquired product distribution rights		$	11,354,000
Acquired customer lists			390,000
Total intangible assets		$	11,744,000

Pro forma information

		Year ended June 30,
		2020				2019
		Unaudited (aa)				Pro forma Unaudited
Total revenues, net		$	35,562,537			$	39,044,357
Net loss		$	(16,325,078	)		$	(37,939,908	)
Net loss per share		$	(0.37	)		$	(3.27	)

(aa) Due to the absence of discrete financial information for Innovus, covering the period from February 1, 2020 through February 13, 2020, the Company did not include the impact of that stub-period for the pro forma results for the year ended June 30, 2020.

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- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

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