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Note 4 - Inventories

6 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Inventory Disclosure [Text Block]

4.

Inventories

Inventories consist of raw materials and finished goods and are recorded at the lower of cost or net realizable value, with cost determined on a

first

-in,

first

-out basis. Aytu periodically reviews the composition of its inventories to identify obsolete, slow-moving or otherwise unsaleable items. If unsaleable items are observed and there are

no

alternate uses for the inventory, Aytu will record a write-down to net realizable value in the period that the impairment is

first

recognized. The Company wrote down

$0.1

 million and

$0.2

million of inventory during the

three

and

six

-months ended

December 31, 2020

, respectively. There was 

no

inventory written down for the

three

and

six

-months ended

December 31, 

2019

, respectively.

Inventory balances consist of the following:

		As of				As of
		December 31,				June 30,
		2020				2020
Raw materials		$	590,000			$	397,000
Finished goods, net			5,981,000				9,603,000
		$	6,571,000			$	10,000,000

X

- References

No definition available.

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X

- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998

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