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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.