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Acquisitions (Tables) | 6 Months Ended
--- | ---
Dec. 31, 2019
Business Combinations [Abstract] |
Summary of assets acquired and liabilities assumed |
|  | 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 |
Estimated fair value of equity consideration transferred |  | $ | 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 |  |  | 2,548,187 |
Intangible assets - product technology rights |  |  | 22,700,000 |
Accrued product program liabilities |  |  | (6,320,853 | )
Assumed fixed payment obligations |  |  | (26,457,162 | )
Total identifiable net assets |  |  | (5,327,150 | )
Goodwill |  | $ | 15,387,064 |
Summary of intangible assets acquired |
|  | As of November 1, 2019 |
Acquired product technology rights |  | $ | 22,700,000 |
Pro forma information |
|  | Three Months Ended December 31, |  |  | Six Months Ended December 31, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
|  | Unaudited (aa) |  |  | Pro forma Unaudited |  |  | Pro forma Unaudited |  |  | Pro forma Unaudited |
Total revenues, net |  | $ | 3,175,236 |  |  | $ | 8,016,356 |  |  | $ | 8,027,106 |  |  | $ | 14,207,635 |
Net income/(loss) |  |  | 306,314 |  |  |  | (2,532,910 | ) |  |  | (5,997,071 | ) |  |  | (3,854,640 | )
Net income/(loss) per share (bb) |  | $ | 0.01 |  |  | $ | (0.39 | ) |  | $ | (0.38 | ) |  | $ | (0.92 | )
(aa) | Due to a lack of financial information covering the period from October 1, 2019 through November 1, 2019, the Company was not able to provide pro forma adjusted financial statements without making estimated extrapolations that the Company did not believe would be useful to user of the above pro forma information.
(bb) | Pro forma net loss per share calculations excluded the impact of the issuance of the Series G Convertible Preferred under the assumption those shares would continue to remain non-participatory until the July 1, 2020 effective registration.

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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. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472 + Details
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