2016 Q3 Form 10-K Financial Statement

#000114420416122393 Filed on September 01, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2016 2015 Q2
Revenue $698.0K $2.562M $180.0K
YoY Change 43.21% 878.85%
Cost Of Revenue $190.0K $957.1K $90.00K
YoY Change 409.04% 986.24%
Gross Profit $510.0K $1.605M $90.00K
YoY Change 13.32% 824.36%
Gross Profit Margin 73.07% 62.65% 50.0%
Selling, General & Admin $5.705M $8.518M $1.400M
YoY Change 264.95% 113.96% 13900.0%
% of Gross Profit 1118.58% 530.57% 1555.56%
Research & Development $280.0K $6.128M $850.0K
YoY Change -67.28% 90.34%
% of Gross Profit 54.9% 381.7% 944.44%
Depreciation & Amortization $822.2K $874.8K $50.00K
YoY Change 537.09% 640.08%
% of Gross Profit 161.21% 54.49% 55.56%
Operating Expenses $5.705M $24.27M $2.240M
YoY Change 115.24% 237.02% 22300.0%
Operating Profit -$5.967M -$21.70M -$2.150M
YoY Change 175.84% 184.37%
Interest Expense $415.4K $5.491M $0.00
YoY Change 266.77% 4675.45%
% of Operating Profit
Other Income/Expense, Net $242.1K -$6.476M
YoY Change -314.02% 5531.33%
Pretax Income -$5.720M -$28.18M -$2.160M
YoY Change 151.3% 263.74% 21500.0%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$5.724M -$28.18M -$2.160M
YoY Change 151.49% 264.87% 21500.0%
Net Earnings / Revenue -820.11% -1099.73% -1200.0%
Basic Earnings Per Share
Diluted Earnings Per Share -$4.674B -$64.74B -$34.08B
COMMON SHARES
Basic Shares Outstanding 5.071M shares 173.6M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q3 2016 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.500M $9.100M $7.400M
YoY Change -55.45% 22.97%
Cash & Equivalents $2.700M $8.100M $7.353M
Short-Term Investments $1.800M $1.000M
Other Short-Term Assets $800.0K $300.0K $500.0K
YoY Change 33.33% -40.0%
Inventory $600.0K $500.0K $39.44K
Prepaid Expenses $370.9K
Receivables $500.0K $200.0K $157.1K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $6.400M $10.10M $8.042M
YoY Change -43.4% 26.25% 143.57%
LONG-TERM ASSETS
Property, Plant & Equipment $300.0K $200.0K $29.71K
YoY Change 1037.48% -48.11%
Goodwill $74.00K
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $200.0K $200.0K $0.00
YoY Change -33.33% -33.33%
Total Long-Term Assets $13.84M $14.20M $10.14M
YoY Change 37.66% 39.22% 16.39%
TOTAL ASSETS
Total Short-Term Assets $6.400M $10.10M $8.042M
Total Long-Term Assets $13.84M $14.20M $10.14M
Total Assets $20.20M $24.30M $18.19M
YoY Change -5.43% 33.52% 51.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.500M $3.500M $1.200M
YoY Change 127.27% 191.67% 84.76%
Accrued Expenses $500.0K $1.200M $200.0K
YoY Change -16.67% 500.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $8.700M $10.10M $1.478M
YoY Change 389.34% 573.33% -75.75%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $4.300M $4.200M $1.100M
YoY Change 230.77% 281.82%
Total Long-Term Liabilities $4.300M $4.200M $1.100M
YoY Change -29.51% 281.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.700M $10.10M $1.478M
Total Long-Term Liabilities $4.300M $4.200M $1.100M
Total Liabilities $13.00M $14.30M $2.569M
YoY Change 63.5% 450.0% -61.35%
SHAREHOLDERS EQUITY
Retained Earnings -$18.38M
YoY Change 72.47%
Common Stock $39.00M
YoY Change 143.32%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.200M $10.10M $15.62M
YoY Change
Total Liabilities & Shareholders Equity $20.20M $24.30M $18.19M
YoY Change -5.43% 33.52% 51.34%

Cashflow Statement

Concept 2016 Q3 2016 2015 Q2
OPERATING ACTIVITIES
Net Income -$5.724M -$28.18M -$2.160M
YoY Change 151.49% 264.87% 21500.0%
Depreciation, Depletion And Amortization $822.2K $874.8K $50.00K
YoY Change 537.09% 640.08%
Cash From Operating Activities -$5.330M -$10.66M -$1.780M
YoY Change 146.76% 60.78% 17700.0%
INVESTING ACTIVITIES
Capital Expenditures $4.721K $252.9K $0.00
YoY Change 32.84%
Acquisitions
YoY Change
Other Investing Activities -$500.0K -$4.010M -$1.000M
YoY Change 301.0%
Cash From Investing Activities -$500.0K -$5.300M -$1.000M
YoY Change 430.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $631.5K $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 610.0K 16.66M 8.650M
YoY Change -87.5% 34.9% 28733.33%
NET CHANGE
Cash From Operating Activities -5.330M -10.66M -1.780M
Cash From Investing Activities -500.0K -5.300M -1.000M
Cash From Financing Activities 610.0K 16.66M 8.650M
Net Change In Cash -5.220M 700.0K 5.870M
YoY Change -291.91% -85.17% 29250.0%
FREE CASH FLOW
Cash From Operating Activities -$5.330M -$10.66M -$1.780M
Capital Expenditures $4.721K $252.9K $0.00
Free Cash Flow -$5.335M -$10.91M -$1.780M
YoY Change 146.57% 64.6% 17700.0%

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EntityWellKnownSeasonedIssuer
No
CY2016 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2016 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2016 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2015Q4 dei Entity Public Float
EntityPublicFloat
9900000 USD
CY2016 dei Trading Symbol
TradingSymbol
AYTU
CY2016Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
5070591 shares
CY2016Q2 us-gaap Assets Noncurrent
AssetsNoncurrent
14222780 USD
CY2015Q2 us-gaap Assets Noncurrent
AssetsNoncurrent
10142947 USD
CY2016Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2016Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2015Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2016Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2015Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2016Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3741944 shares
CY2015Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1188307 shares
CY2015Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
1188307 shares
CY2016Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3741944 shares
CY2016 aytu Amortization Of Prepaid Research And Development Due To Related Parties
AmortizationOfPrepaidResearchAndDevelopmentDueToRelatedParties
121983 USD
CY2015 aytu Amortization Of Prepaid Research And Development Due To Related Parties
AmortizationOfPrepaidResearchAndDevelopmentDueToRelatedParties
121984 USD
CY2016 aytu Increase Decrease Accounts Payable Related Party Current
IncreaseDecreaseAccountsPayableRelatedPartyCurrent
0 USD
CY2015 aytu Increase Decrease Accounts Payable Related Party Current
IncreaseDecreaseAccountsPayableRelatedPartyCurrent
-607061 USD
CY2016 aytu Primsol Business Purchase Included In Primsol Payable
PrimsolBusinessPurchaseIncludedInPrimsolPayable
1077000 USD
CY2015 aytu Primsol Business Purchase Included In Primsol Payable
PrimsolBusinessPurchaseIncludedInPrimsolPayable
0 USD
CY2016 aytu Noncash Or Part Noncash Capital Contribution From Parent
NoncashOrPartNoncashCapitalContributionFromParent
0 USD
CY2015 aytu Noncash Or Part Noncash Capital Contribution From Parent
NoncashOrPartNoncashCapitalContributionFromParent
5000000 USD
CY2016 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
0 USD
CY2015 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
4600000 USD
CY2016 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1
0 USD
CY2015 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1
664000 USD
CY2016 aytu Primsol Business Purchase Included In Primsol Payable Gross
PrimsolBusinessPurchaseIncludedInPrimsolPayableGross
1250000 USD
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong><i>Use of Estimates</i></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif"> The preparation of financial statements in accordance with Generally Accepted Accounting Principles in the United States of America (&#8220;GAAP&#8221;) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Significant items subject to such estimates and assumptions include valuation allowances, stock-based compensation, warrant valuation, purchase price allocation, valuation of contingent consideration, sales returns and allowances, useful lives of fixed assets and assumptions in evaluating impairment of definite and indefinite lived assets. Actual results could differ from these estimates.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2016 us-gaap Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
0 USD
CY2015 us-gaap Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
20013 USD
CY2016 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
0 USD
CY2015 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
27476 USD
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
5369407 USD
CY2015 aytu Adjustments To Additional In Capital Business Combination Liabilities Paid
AdjustmentsToAdditionalInCapitalBusinessCombinationLiabilitiesPaid
-20013 USD
CY2015 aytu Adjustment To Additional Paid In Capital Options Paid Pursuant To Merger
AdjustmentToAdditionalPaidInCapitalOptionsPaidPursuantToMerger
-27476 USD
CY2015 aytu Reverse Merger Value
ReverseMergerValue
0 USD
CY2016 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-971629 USD
CY2015 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
0 USD
CY2016 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
307704 USD
CY2015 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
311004 USD
CY2016Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
112000 USD
CY2015Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
60000 USD
CY2016Q2 us-gaap Contractual Obligation
ContractualObligation
14743000 USD
CY2016Q2 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
9897000 USD
CY2016Q2 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
1243000 USD
CY2016Q2 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
1103000 USD
CY2016Q2 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
2500000 USD
CY2016Q2 us-gaap Contractual Obligation Due In Fifth Year
ContractualObligationDueInFifthYear
0 USD
CY2016Q2 us-gaap Contractual Obligation Due After Fifth Year
ContractualObligationDueAfterFifthYear
0 USD
CY2016Q2 us-gaap Short Term Investments
ShortTermInvestments
1041362 USD
CY2015Q2 us-gaap Short Term Investments
ShortTermInvestments
0 USD
CY2015Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
174000 USD
CY2015 aytu Stock Subscription
StockSubscription
5000000 USD
CY2015 aytu Stock Subscription Payment
StockSubscriptionPayment
0 USD
CY2015 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1017938 USD
CY2016Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
10549797 USD
CY2015Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
0 USD
CY2016Q2 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
5379675 USD
CY2015Q2 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
0 USD
CY2016Q2 us-gaap Accrued Rent Current
AccruedRentCurrent
4109 USD
CY2015Q2 us-gaap Accrued Rent Current
AccruedRentCurrent
0 USD
CY2016 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
1202231 USD
CY2016 us-gaap Adjustments To Additional Paid In Capital Stock Issued Ownshare Lending Arrangement Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedOwnshareLendingArrangementIssuanceCosts
29754 USD
CY2016 us-gaap Asset Impairment Charges
AssetImpairmentCharges
7500000 USD
CY2015 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2016 us-gaap Other Noncash Expense
OtherNoncashExpense
221024 USD
CY2015 us-gaap Other Noncash Expense
OtherNoncashExpense
0 USD
CY2016 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
1040000 USD
CY2016 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
2000000 USD
CY2016 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
2012991 USD
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
7520493 USD
CY2015 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2016 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
904914 USD
CY2015 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
CY2016 aytu Natesto Business Purchase Included In Natesto Payable
NatestoBusinessPurchaseIncludedInNatestoPayable
5379675 USD
CY2015 aytu Natesto Business Purchase Included In Natesto Payable
NatestoBusinessPurchaseIncludedInNatestoPayable
0 USD
CY2016 aytu Warrant Derivative Liability To Issuance Of Registered Offering Placement Agent Warrants
WarrantDerivativeLiabilityToIssuanceOfRegisteredOfferingPlacementAgentWarrants
297317 USD
CY2015 aytu Warrant Derivative Liability To Issuance Of Registered Offering Placement Agent Warrants
WarrantDerivativeLiabilityToIssuanceOfRegisteredOfferingPlacementAgentWarrants
0 USD
CY2015 aytu Primsol Business Purchase Included In Primsol Payable Gross
PrimsolBusinessPurchaseIncludedInPrimsolPayableGross
1250000 USD
CY2015 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount
173000 USD
CY2016 us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
221000 shares
CY2015 us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
221000 shares
CY2016 us-gaap Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
620325 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0132 pure
CY2015Q2 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
0 USD
CY2016Q2 us-gaap Deferred Revenue
DeferredRevenue
426000 USD
CY2016Q2 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
1041000 USD
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
6.00
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.75 pure
CY2015 us-gaap Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
620325 USD
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.0003 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.0551 pure
CY2016 aytu Effective Income Tax Rate Reconciliation Percentage Interest On Convertible Debt
EffectiveIncomeTaxRateReconciliationPercentageInterestOnConvertibleDebt
0.0027 pure
CY2015 aytu Effective Income Tax Rate Reconciliation Percentage Interest On Convertible Debt
EffectiveIncomeTaxRateReconciliationPercentageInterestOnConvertibleDebt
0.00 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.3077 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.3095 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
EffectiveIncomeTaxRateReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
0.0594 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
EffectiveIncomeTaxRateReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
0.00 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.0002 pure
CY2016Q2 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
2013000 USD
CY2016Q2 us-gaap Investment Owned Unrecognized Unrealized Appreciation
InvestmentOwnedUnrecognizedUnrealizedAppreciation
0 USD
CY2016Q2 us-gaap Investment Owned Unrecognized Unrealized Depreciation
InvestmentOwnedUnrecognizedUnrealizedDepreciation
972000 USD
CY2016 us-gaap Depreciation
Depreciation
51000 USD
CY2015 us-gaap Depreciation
Depreciation
27000 USD
CY2016 us-gaap Debt Instrument Convertible Terms Of Conversion Feature
DebtInstrumentConvertibleTermsOfConversionFeature
At the insistence of the underwriters of the offering, all outstanding noteholders had signed lockup agreements which granted them an extra 10% on the conversion increasing it to 130% of shares calculated by dividing such note balance by $4.80,
CY2016 aytu Share Based Compensation Share Warrants Issued On Registered Offering
ShareBasedCompensationShareWarrantsIssuedOnRegisteredOffering
1733322 shares
CY2016 aytu Share Based Compensation Share Warrants Issued On Convertible Promisory Notestwo
ShareBasedCompensationShareWarrantsIssuedOnConvertiblePromisoryNotestwo
22564 shares
CY2016 aytu Share Based Compensation Share Warrants Issued On Placement Agents For Registered Offering
ShareBasedCompensationShareWarrantsIssuedOnPlacementAgentsForRegisteredOffering
109375 shares
CY2016 aytu Share Based Compensation Share Warrants Issued On Convirtible Note Holders
ShareBasedCompensationShareWarrantsIssuedOnConvirtibleNoteHolders
305559 shares
CY2016 aytu Share Based Compensation Share Warrants Issued On Registered Offeringweighted Average Exercise Price
ShareBasedCompensationShareWarrantsIssuedOnRegisteredOfferingweightedAverageExercisePrice
6.00
CY2016 aytu Share Based Compensation Share Warrants Issued On Convertible Promisory Two Notesweighted Average Exercise Price
ShareBasedCompensationShareWarrantsIssuedOnConvertiblePromisoryTwoNotesweightedAverageExercisePrice
4.80
CY2016 aytu Share Based Compensation Share Warrants Issued On Placement Agents For Registered Offeringweighted Average Exercise Price
ShareBasedCompensationShareWarrantsIssuedOnPlacementAgentsForRegisteredOfferingweightedAverageExercisePrice
6.00
CY2016 aytu Share Based Compensation Share Warrants Issued On Convertible Note Holdersweighted Average Exercise Price
ShareBasedCompensationShareWarrantsIssuedOnConvertibleNoteHoldersweightedAverageExercisePrice
6.00
CY2014 aytu Class Of Warrant Or Rights Weighted Average Remaining Contractual Term
ClassOfWarrantOrRightsWeightedAverageRemainingContractualTerm
P3Y11M1D
CY2015 aytu Class Of Warrant Or Rights Weighted Average Remaining Contractual Term
ClassOfWarrantOrRightsWeightedAverageRemainingContractualTerm
P2Y11M1D
CY2014Q2 aytu Share Based Compensation Share Warrants Outstanding
ShareBasedCompensationShareWarrantsOutstanding
8553 shares
CY2015 aytu Share Based Compensation Share Warrants Granted
ShareBasedCompensationShareWarrantsGranted
0 shares
CY2015 aytu Share Based Compensation Share Warrants Expired
ShareBasedCompensationShareWarrantsExpired
0 shares
CY2014Q2 aytu Share Based Compensation Share Warrants Outstanding Weighted Average Exercise Price
ShareBasedCompensationShareWarrantsOutstandingWeightedAverageExercisePrice
54.36
CY2015 aytu Share Based Compensation Share Warrants Granted Weighted Average Exercise Price
ShareBasedCompensationShareWarrantsGrantedWeightedAverageExercisePrice
0
CY2015 aytu Share Based Compensation Share Warrants Expired Weighted Average Exercise Price
ShareBasedCompensationShareWarrantsExpiredWeightedAverageExercisePrice
0
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
-0.3400 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
-0.3400 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.0303 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.0279 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.0003 pure
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.00 pure
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0030 pure
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-9581229 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-2634087 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-853203 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-216183 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
7156 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
426725 USD
CY2016 aytu Effective Income Tax Rate Reconciliation Interest On Cnvertible Debt
EffectiveIncomeTaxRateReconciliationInterestOnCnvertibleDebt
75148 USD
CY2015 aytu Effective Income Tax Rate Reconciliation Interest On Cnvertible Debt
EffectiveIncomeTaxRateReconciliationInterestOnCnvertibleDebt
0 USD
CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
8672155 USD
CY2015 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
2397527 USD
CY2016 us-gaap Income Tax Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
-1674110 USD
CY2015 us-gaap Income Tax Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
0 USD
CY2016 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
5863 USD
CY2015 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
2108 USD
CY2016Q2 us-gaap Deferred Tax Assets Gross Current
DeferredTaxAssetsGrossCurrent
0 USD
CY2015Q2 us-gaap Deferred Tax Assets Gross Current
DeferredTaxAssetsGrossCurrent
190000 USD
CY2016Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
5000 USD
CY2015Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
0 USD
CY2016Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
9202000 USD
CY2015Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
6337000 USD
CY2016Q2 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
606000 USD
CY2015Q2 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
453000 USD
CY2016Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
327000 USD
CY2015Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
0 USD
CY2016Q2 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Research And Development Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedResearchAndDevelopmentCosts
0 USD
CY2015 us-gaap Accretion Expense
AccretionExpense
6000000 USD
CY2016Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
41000 USD
CY2015Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 USD
CY2016 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2015 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt
12000000 USD
CY2014 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount
173000 USD
CY2015Q2 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Research And Development Costs
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2779000 USD
CY2016Q2 us-gaap Deferred Tax Assets Unrealized Losses On Trading Securities
DeferredTaxAssetsUnrealizedLossesOnTradingSecurities
360000 USD
CY2015Q2 us-gaap Deferred Tax Assets Unrealized Losses On Trading Securities
DeferredTaxAssetsUnrealizedLossesOnTradingSecurities
0 USD
CY2016Q2 us-gaap Deferred Tax Assets Derivative Instruments
DeferredTaxAssetsDerivativeInstruments
153000 USD
CY2015Q2 us-gaap Deferred Tax Assets Derivative Instruments
DeferredTaxAssetsDerivativeInstruments
0 USD
CY2016Q2 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
192000 USD
CY2015Q2 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
0 USD
CY2016Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
15000 USD
CY2015Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
0 USD
CY2016Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
11305000 USD
CY2015Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
4274000 USD
CY2016Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
11305000 USD
CY2015Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4274000 USD
CY2016Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD
CY2015Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD
CY2016Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
445000 USD
CY2015Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
73000 USD
CY2016Q1 aytu Warrants Issued To Purchase Of Common Stock
WarrantsIssuedToPurchaseOfCommonStock
22254 shares
CY2016Q1 aytu Warrants Exercise Price Per Share
WarrantsExercisePricePerShare
7.80
CY2016Q2 aytu Warrants Issued To Purchase Of Common Stock
WarrantsIssuedToPurchaseOfCommonStock
22564 shares
CY2016Q2 aytu Warrants Exercise Price Per Share
WarrantsExercisePricePerShare
4.80
CY2016Q2 aytu Warrants Exercisable Term
WarrantsExercisableTerm
P5Y
CY2016Q2 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
24800000 USD
CY2015Q2 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
17100000 USD
CY2016 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
On June 8, 2015, we reincorporated as a domestic Delaware corporation under Delaware General Corporate Law and changed our name from Rosewind Corporation to Aytu BioScience, Inc., and effected a reverse stock split in which each common stockholder received one share of common stock for every 12.174 shares outstanding. On June 30, 2016, Aytu effected another reverse stock split in which each common stockholder received one share of common stock for every 12 shares outstanding (herein referred to collectively as the &#8220;Reverse Stock Splits&#8221;).
CY2016 us-gaap Description Of Defined Contribution Pension And Other Postretirement Plans
DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans
As of June 30, 2016, Aytu does not match employee contributions. Starting in fiscal 2017, the Company will match 50% of the first 6% contributed to the plan by employees.
CY2016 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
7500000 USD
CY2015 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 USD
CY2016 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
664707 USD
CY2016 aytu Payments For Service Agreement Contractual Obligations
PaymentsForServiceAgreementContractualObligations
310000 USD
CY2015 aytu Payments For Service Agreement Contractual Obligations
PaymentsForServiceAgreementContractualObligations
310000 USD
CY2015 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
90662 USD
CY2016 aytu Issuance Of Stock Issued During Periodvalue
IssuanceOfStockIssuedDuringPeriodvalue
4237874 USD
CY2016 aytu Adjustments To Additional Paid In Capital Warrants Issued In Connection With Equity Financing
AdjustmentsToAdditionalPaidInCapitalWarrantsIssuedInConnectionWithEquityFinancing
2059895 USD
CY2016 aytu Adjustments To Additional Paid In Capital Warrants Issued In Connection With Equity Financing To Placement Agents For Over Allotment Option
AdjustmentsToAdditionalPaidInCapitalWarrantsIssuedInConnectionWithEquityFinancingToPlacementAgentsForOverAllotmentOption
20493 USD
CY2016Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
20000 USD
CY2015Q3 aytu Placement Agents Cash Fee Percentage
PlacementAgentsCashFeePercentage
0.08 pure
CY2016Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
322302 shares
CY2016Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
139798 shares
CY2016 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P9Y3M29D
CY2016 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
18.01
CY2016 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
16.76

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