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Note 2 - Acquisitions - Preliminary Fair Value of Assets Acquired and Liabilities Assumed (Details) - USD ($) | Feb. 14, 2020 | Feb. 13, 2020 | Nov. 01, 2019 | Dec. 31, 2020 | Jun. 30, 2020
--- | --- | --- | --- | --- | ---
Goodwill |  |  |  | $ 28,090,407 | $ 28,090,407
Innovus Pharmaceuticals [Member] |  |  |  |  |
Total shares issued (in shares) | 3,810,393 | 380,000 |  |  |
Estimated fair value per share of Aytu common stock (in dollars per share) | $ 0.756 |  |  |  |
Estimated fair value of equity consideration transferred | $ 2,880,581 |  |  |  |
Total consideration transferred | 12,805,263 |  |  |  |
Inventory | 1,149,625 |  |  |  |
Prepaid assets | 1,692,133 |  |  |  |
Intangible assets - product marketing rights | 11,744,000 | $ 11,700,000 |  |  |
Accrued liabilities | 7,202,309 |  |  |  |
Total identifiable net assets | 4,167,991 |  |  |  |
Goodwill | 8,637,272 |  |  |  |
Fair value of former Innovus warrants | 15,315 |  |  |  |
Fair value of Contingent Value Rights | 7,049,079 | 16,000,000 |  |  |
Forgiveness of Note Payable owed to the Company | 1,350,000 |  |  |  |
Total consideration transferred | 12,805,263 |  |  |  |
Cash and cash equivalents | 390,916 |  |  |  |
Accounts receivable | 278,826 |  |  |  |
Other long-term assets | 36,781 |  |  |  |
Right-to-use assets | 328,410 |  |  |  |
Property, plant and equipment | 190,393 |  |  |  |
Other current liabilities | 629,601 |  |  |  |
Notes payable | 3,056,361 |  |  |  |
Lease liability | $ 754,822 | $ 800,000 |  |  |
Innovus Pharmaceuticals [Member] | Series H Preferred Stock [Member] |  |  |  |  |
Total shares issued (in shares) | 1,997,736 |  |  |  |
Estimated fair value per share of Aytu common stock (in dollars per share) | $ 0.756 |  |  |  |
Estimated fair value of equity consideration transferred | $ 1,510,288 |  |  |  |
The Pediatric Portfolio [Member] |  |  |  |  |
Cash and cash equivalents |  |  | $ 4,500,000 |  |
Total shares issued (in shares) |  |  | 9,805,845 |  |
Estimated fair value per share of Aytu common stock (in dollars per share) |  |  | $ 0.567 |  |
Estimated fair value of equity consideration transferred |  |  | $ 5,559,914 |  |
Total consideration transferred |  |  | 10,059,914 |  |
Inventory |  |  | 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 |  |
Total consideration transferred |  |  | $ 10,059,914 |  |

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