Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2016

Accounting Policies [Abstract]

Property, Plant and Equipment [Table Text Block]

Fixed assets consist of the following:

	Estimated	June 30,
	Useful Lives in years	2016		2015
Office equipment and furniture	3 - 5	$	201,000	$	-
Lab equipment	3 - 5		90,000		90,000
Leasehold improvements	3		45,000		-
Manufacturing equipment	5		7,000		-
Less accumulated depreciation and amortization			(112,000)		(60,000)
Fixed assets, net		$	231,000	$	30,000

Aytu recorded the following depreciation expense in the respective periods:

	Year Ended June 30,
	2016		2015
Depreciation expense	$	51,000	$	27,000

Schedule of Finite-Lived Intangible Assets [Table Text Block]

Patents consist of the following:

	June 30,
	2016		2015
Patents	$	880,000	$	880,000
Less accumulated amortization		(583,000)		(251,000)
Patents, net	$	297,000	$	629,000

Finite-lived Intangible Assets Amortization Expense [Table Text Block]

Aytu recorded the following amortization expense in the respective periods:

	Year Ended June 30,
	2016		2015
Amortization expense	$	332,000	$	71,000

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

Future amortization from the year ended June 30, 2016 is as follows:

2017	$	25,000
2018		25,000
2019		25,000
2020		25,000
2021		25,000
Thereafter		172,000
	$	297,000