2021 Q4 Form 10-Q Financial Statement

#000155837022001110 Filed on February 14, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2020 Q4
Revenue $23.13M $15.15M
YoY Change 52.67% 377.07%
Cost Of Revenue $10.83M $6.251M
YoY Change 73.19% 931.44%
Gross Profit $12.30M $8.896M
YoY Change 38.25% 246.29%
Gross Profit Margin 53.18% 58.73%
Selling, General & Admin $17.61M $12.85M
YoY Change 37.04% 97.24%
% of Gross Profit 143.21% 144.48%
Research & Development $4.920M $286.0K
YoY Change 1620.28% 328.95%
% of Gross Profit 40.0% 3.21%
Depreciation & Amortization $400.0K $18.00K
YoY Change 2122.22% -98.6%
% of Gross Profit 3.25% 0.2%
Operating Expenses $23.59M $14.47M
YoY Change 63.04% 119.83%
Operating Profit -$11.29M -$5.575M
YoY Change 102.58% 12.24%
Interest Expense $20.00K -$379.0K
YoY Change -105.28% -15.21%
% of Operating Profit
Other Income/Expense, Net -$257.0K -$3.950M
YoY Change -93.49% -183.11%
Pretax Income -$11.55M -$9.525M
YoY Change 21.27% 4435.71%
Income Tax -$3.000K $0.00
% Of Pretax Income
Net Earnings -$11.55M -$9.525M
YoY Change 21.24% 4345.8%
Net Earnings / Revenue -49.94% -62.88%
Basic Earnings Per Share -$0.44 -$0.72
Diluted Earnings Per Share -$0.44 -$0.72
COMMON SHARES
Basic Shares Outstanding 26.41M 13.28M
Diluted Shares Outstanding 26.41M 13.28M

Balance Sheet

Concept 2021 Q4 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $35.28M $62.00M
YoY Change -43.1% 1069.81%
Cash & Equivalents $35.28M $62.03M
Short-Term Investments
Other Short-Term Assets $1.418M $10.60M
YoY Change -86.62% 158.51%
Inventory $16.56M $6.571M
Prepaid Expenses $11.30M
Receivables $22.99M $7.001M
Other Receivables $0.00 $0.00
Total Short-Term Assets $87.50M $92.54M
YoY Change -5.44% 405.67%
LONG-TERM ASSETS
Property, Plant & Equipment $8.139M $89.66K
YoY Change 8977.32% -82.07%
Goodwill $46.35M $28.09M
YoY Change 65.0%
Intangibles $81.34M
YoY Change
Long-Term Investments
YoY Change
Other Assets $457.0K $0.00
YoY Change
Total Long-Term Assets $136.3M $74.20M
YoY Change 83.66% 32.04%
TOTAL ASSETS
Total Short-Term Assets $87.50M $92.54M
Total Long-Term Assets $136.3M $74.20M
Total Assets $223.8M $166.7M
YoY Change 34.23% 123.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.60M $7.157M
YoY Change 118.02% -25.45%
Accrued Expenses $50.69M $8.878M
YoY Change 470.92% 195.92%
Deferred Revenue $200.0K $475.7K
YoY Change -57.95%
Short-Term Debt $7.209M $0.00
YoY Change
Long-Term Debt Due $16.34M
YoY Change
Total Short-Term Liabilities $100.6M $25.81M
YoY Change 289.61% 62.35%
LONG-TERM LIABILITIES
Long-Term Debt $129.0K $0.00
YoY Change
Other Long-Term Liabilities $560.0K $11.37K
YoY Change 4824.81% -99.97%
Total Long-Term Liabilities $560.0K $11.37K
YoY Change 4824.81% -99.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $100.6M $25.81M
Total Long-Term Liabilities $560.0K $11.37K
Total Liabilities $118.3M $54.05M
YoY Change 118.85% -5.84%
SHAREHOLDERS EQUITY
Retained Earnings -$217.7M -$133.8M
YoY Change 62.66%
Common Stock $323.2M $1.788K
YoY Change 18077864.21%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $105.5M $112.7M
YoY Change
Total Liabilities & Shareholders Equity $223.8M $166.7M
YoY Change 34.23% 123.81%

Cashflow Statement

Concept 2021 Q4 2020 Q4
OPERATING ACTIVITIES
Net Income -$11.55M -$9.525M
YoY Change 21.24% 4345.8%
Depreciation, Depletion And Amortization $400.0K $18.00K
YoY Change 2122.22% -98.6%
Cash From Operating Activities -$8.822M -$2.930M
YoY Change 201.09% -51.97%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$3.051M -$30.00K
YoY Change 10070.0% -99.39%
Cash From Investing Activities -$3.051M -$30.00K
YoY Change 10070.0% -99.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $29.60M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 6.590M 27.08M
YoY Change -75.66% 192.44%
NET CHANGE
Cash From Operating Activities -8.822M -2.930M
Cash From Investing Activities -3.051M -30.00K
Cash From Financing Activities 6.590M 27.08M
Net Change In Cash -5.283M 24.12M
YoY Change -121.9% -1478.29%
FREE CASH FLOW
Cash From Operating Activities -$8.822M -$2.930M
Capital Expenditures
Free Cash Flow
YoY Change

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-13831000
CY2021Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-110000
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
-11548000
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
-9525000
us-gaap Net Income Loss
NetIncomeLoss
-39399000
us-gaap Net Income Loss
NetIncomeLoss
-13831000
CY2021Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26412473
CY2020Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13281904
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26003026
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12717180
CY2021Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.44
CY2020Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.72
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.52
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.09
CY2021Q4 us-gaap Shares Outstanding
SharesOutstanding
30010468
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
105536000
CY2020Q4 us-gaap Shares Outstanding
SharesOutstanding
17882893
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
112693000
CY2021Q4 us-gaap Shares Outstanding
SharesOutstanding
30010468
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
105536000
CY2020Q4 us-gaap Shares Outstanding
SharesOutstanding
17882893
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
112693000
us-gaap Profit Loss
ProfitLoss
-39399000
us-gaap Profit Loss
ProfitLoss
-13831000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5352000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3905000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
19453000
us-gaap Share Based Compensation
ShareBasedCompensation
2748000
us-gaap Share Based Compensation
ShareBasedCompensation
963000
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
496000
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
3311000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
-326000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
132000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
50000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-112000
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
343000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-258000
us-gaap Inventory Write Down
InventoryWriteDown
349000
us-gaap Inventory Write Down
InventoryWriteDown
99000
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-86000
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
148000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-5186000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1973000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
568000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3616000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1896000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1817000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-3307000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-3136000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-616000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1271000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-51000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
24000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-12613000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-10907000
us-gaap Payment For Contingent Consideration Liability Investing Activities
PaymentForContingentConsiderationLiabilityInvestingActivities
3109000
us-gaap Payment For Contingent Consideration Liability Investing Activities
PaymentForContingentConsiderationLiabilityInvestingActivities
43000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
28000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-4000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3137000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-39000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
4825000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
32250000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
172000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
4293000
aytu Payments For Fixed Payment Arrangement
PaymentsForFixedPaymentArrangement
2746000
aytu Payments For Fixed Payment Arrangement
PaymentsForFixedPaymentArrangement
2786000
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
89632000
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
273000
us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet
88857000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-6000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1126000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
24898000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-14624000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
13952000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
49901000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
48333000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
35277000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
62285000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
35277000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
62033000
CY2020Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
252000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
35277000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
62285000
us-gaap Interest Paid Net
InterestPaidNet
2356000
us-gaap Interest Paid Net
InterestPaidNet
307000
aytu Fixed Payment Arrangements Included In Accrued Liabilities
FixedPaymentArrangementsIncludedInAccruedLiabilities
1050000
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
1058000
us-gaap Other Significant Noncash Transaction Value Of Consideration Given1
OtherSignificantNoncashTransactionValueOfConsiderationGiven1
29000
us-gaap Other Significant Noncash Transaction Value Of Consideration Given1
OtherSignificantNoncashTransactionValueOfConsiderationGiven1
43000
aytu Warrants Issued
WarrantsIssued
356000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
35300000
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
-11500000
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
-9500000
us-gaap Net Income Loss
NetIncomeLoss
-39400000
us-gaap Net Income Loss
NetIncomeLoss
-13800000
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-217700000
CY2021Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-178300000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-12600000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-10900000
CY2021Q4 us-gaap Assets Current
AssetsCurrent
87500000
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. In the accompanying consolidated financial statements, estimates are used for, but not limited to, stock-based compensation, revenue recognition, allowance for doubtful accounts, determination of variable consideration for accruals of chargebacks, administrative fees and rebates, government rebates, returns and other allowances, allowance for inventory obsolescence, valuation of financial instruments and intangible assets, accruals for contingent liabilities, fair value of long-lived assets, goodwill impairment, income tax provision, deferred taxes and valuation allowance, determination of right-of-use assets and lease liabilities, purchase price allocations, and the depreciable lives of long-lived assets. Because of the uncertainties inherent in such estimates, actual results may differ from those estimates. Management periodically evaluates estimates used in the preparation of the financial statements for reasonableness.</p>
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
0
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Prior Period Reclassification</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Certain prior year amounts in the consolidated balance sheets, statements of earnings and statements of cashflows have been reclassified to conform to the current year presentation, including a reclassification made in the presentation of FDA fees for commercialized product. This was previously included in general and administrative expenses and now is recorded as a component of cost of sales on the consolidated statements of earnings. These reclassifications did not affect operating earnings or other consolidated financial statements for the three and six months ended December 31, 2021 and 2020.</p>
CY2021Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
200000
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
100000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-100000
CY2020Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
45022000
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
52331000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-39399000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-23037000
CY2021Q2 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
21000
CY2021Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
200000
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
200000
aytu Number Of Product Portfolios
NumberOfProductPortfolios
3
us-gaap Inventory Write Down
InventoryWriteDown
300000
us-gaap Inventory Write Down
InventoryWriteDown
100000
CY2020Q4 us-gaap Inventory Write Down
InventoryWriteDown
0
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
23125000
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
15147000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
45022000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
28667000
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
23125000
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
15147000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
45022000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
28667000
CY2021Q4 us-gaap Inventory Write Down
InventoryWriteDown
100000
us-gaap Depreciation
Depreciation
100000
CY2021Q4 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
100000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
100000
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
2427000
CY2021Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
2269000
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2173000
CY2021Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
3346000
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
11958000
CY2021Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
10724000
CY2021Q4 us-gaap Inventory Net
InventoryNet
16558000
CY2021Q2 us-gaap Inventory Net
InventoryNet
16339000
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
1840000
CY2021Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
1012000
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
4294000
CY2021Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
5140000
CY2021Q4 us-gaap Depreciation
Depreciation
400000
CY2020Q4 us-gaap Depreciation
Depreciation
18000
us-gaap Depreciation
Depreciation
800000
CY2020Q4 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-100000
us-gaap Lessee Operating Lease Existence Of Option To Extend
LesseeOperatingLeaseExistenceOfOptionToExtend
true
us-gaap Lessee Finance Lease Existence Of Option To Extend
LesseeFinanceLeaseExistenceOfOptionToExtend
true
CY2021Q4 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.180
CY2021Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
330000
CY2020Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
30000
us-gaap Operating Lease Cost
OperatingLeaseCost
626000
us-gaap Operating Lease Cost
OperatingLeaseCost
125000
CY2021Q4 us-gaap Short Term Lease Cost
ShortTermLeaseCost
26000
CY2020Q4 us-gaap Short Term Lease Cost
ShortTermLeaseCost
2000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
65000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
5000
CY2021Q4 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
19000
CY2021Q4 us-gaap Lease Cost
LeaseCost
379000
CY2020Q4 us-gaap Lease Cost
LeaseCost
32000
us-gaap Lease Cost
LeaseCost
736000
us-gaap Lease Cost
LeaseCost
130000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
8000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
50000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
37000
CY2021Q4 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
4000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
8000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3845000
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3563000
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
292000
CY2021Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
329000
CY2021Q4 aytu Operating Lease And Finance Lease Right Of Use Asset
OperatingLeaseAndFinanceLeaseRightOfUseAsset
4137000
CY2021Q2 aytu Operating Lease And Finance Lease Right Of Use Asset
OperatingLeaseAndFinanceLeaseRightOfUseAsset
3892000
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1173000
CY2021Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
940000
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
103000
CY2021Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
102000
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2716000
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2624000
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
129000
CY2021Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
180000
CY2021Q4 aytu Operating Lease And Finance Lease Liability
OperatingLeaseAndFinanceLeaseLiability
4121000
CY2021Q2 aytu Operating Lease And Finance Lease Liability
OperatingLeaseAndFinanceLeaseLiability
3846000
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y1M2D
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y5M1D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y2M23D
CY2021Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y8M19D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0739
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0662
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0643
CY2021Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0641
us-gaap Operating Lease Payments
OperatingLeasePayments
585000
CY2021Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
94220000
us-gaap Operating Lease Payments
OperatingLeasePayments
125000
CY2021Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
2600000
CY2021Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
2600000
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
2600000
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
94220000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
12881000
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
81339000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
708000
CY2021Q4 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
59000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1436000
CY2021Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
104000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1379000
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
87000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
749000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
90000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
46000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
4408000
CY2021Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
250000
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
519000
CY2021Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
18000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
3889000
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
232000
CY2021Q2 us-gaap Goodwill
Goodwill
65802000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
19453000
CY2021Q4 us-gaap Goodwill
Goodwill
46349000
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
2600000
CY2021Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
8756000
CY2021Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
85464000
CY2021Q2 aytu Accrued Liabilities For Trade Partners
AccruedLiabilitiesForTradePartners
5421000
CY2021Q4 aytu Accrued Option Exercise And Milestone Fees Current
AccruedOptionExerciseAndMilestoneFeesCurrent
3050000
CY2020Q4 aytu Total Amortization Of Intangible Assets
TotalAmortizationOfIntangibleAssets
1600000
aytu Total Amortization Of Intangible Assets
TotalAmortizationOfIntangibleAssets
4100000
aytu Total Amortization Of Intangible Assets
TotalAmortizationOfIntangibleAssets
3200000
CY2021Q4 aytu Accrued Program Related Liabilities
AccruedProgramRelatedLiabilities
10515000
CY2021Q2 aytu Accrued Program Related Liabilities
AccruedProgramRelatedLiabilities
8689000
CY2021Q4 aytu Accrued Product Related Fees
AccruedProductRelatedFees
1637000
CY2021Q2 aytu Accrued Product Related Fees
AccruedProductRelatedFees
2501000
CY2021Q4 aytu Accrued Saving Offers
AccruedSavingOffers
17995000
CY2021Q2 aytu Accrued Saving Offers
AccruedSavingOffers
20148000
CY2021Q4 aytu Accrued Distributor Fees
AccruedDistributorFees
3156000
CY2021Q2 aytu Accrued Distributor Fees
AccruedDistributorFees
2710000
CY2021Q4 aytu Accrued Liabilities For Trade Partners
AccruedLiabilitiesForTradePartners
4120000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
3914000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
7489000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
7333000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
7099000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
6331000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
6301000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
40272000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
78739000
CY2021Q4 aytu Total Amortization Of Intangible Assets
TotalAmortizationOfIntangibleAssets
2000000.0
CY2021Q2 aytu Accrued Option Exercise And Milestone Fees Current
AccruedOptionExerciseAndMilestoneFeesCurrent
600000
CY2021Q4 aytu Medicaid Liabilities
MedicaidLiabilities
1258000
CY2021Q2 aytu Medicaid Liabilities
MedicaidLiabilities
1714000
CY2021Q4 aytu Return Reserve
ReturnReserve
5781000
CY2021Q2 aytu Return Reserve
ReturnReserve
6367000
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3173000
CY2021Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3145000
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
50685000
CY2021Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
51295000
us-gaap Payment For Contingent Consideration Liability Operating Activities
PaymentForContingentConsiderationLiabilityOperatingActivities
2400000
CY2021Q4 us-gaap Accretion Expense
AccretionExpense
22000
CY2020Q4 us-gaap Accretion Expense
AccretionExpense
300000
us-gaap Accretion Expense
AccretionExpense
100000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
16104000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
89000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
39000
CY2021Q4 aytu Long Term Debt And Capital Lease Obligations Gross
LongTermDebtAndCapitalLeaseObligationsGross
16232000
CY2021Q4 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
240000
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
16343000
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
129000
CY2021Q4 us-gaap Payment For Contingent Consideration Liability Operating Activities
PaymentForContingentConsiderationLiabilityOperatingActivities
300000
CY2020Q4 us-gaap Payment For Contingent Consideration Liability Operating Activities
PaymentForContingentConsiderationLiabilityOperatingActivities
2400000
us-gaap Payment For Contingent Consideration Liability Operating Activities
PaymentForContingentConsiderationLiabilityOperatingActivities
500000
us-gaap Accretion Expense
AccretionExpense
300000
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
14.52
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000
CY2021Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
30010468
CY2021Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
27490412
CY2021Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
109588
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y25D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
9355
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
6.35
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
9502
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
8.10
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
90731
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
16.03
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y2M19D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
47838
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
22.99
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P8Y2M1D
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
300000
CY2021Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1229000
CY2020Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
508000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2748000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
963000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
23125000
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
15147000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
45022000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
28667000
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
-11548000
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
-9525000
us-gaap Net Income Loss
NetIncomeLoss
-39399000
us-gaap Net Income Loss
NetIncomeLoss
-13831000
CY2021Q4 us-gaap Assets
Assets
223824000
CY2021Q2 us-gaap Assets
Assets
265668000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3466974
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2862303
CY2021Q4 aytu Asset Acquisition Milestone Amount Payable
AssetAcquisitionMilestoneAmountPayable
2500000
CY2021Q4 aytu Asset Acquisition Milestone Amount Payable
AssetAcquisitionMilestoneAmountPayable
2500000
CY2020Q4 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2021Q4 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2

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