Balance Sheets (USD $)
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Mar. 31, 2015
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Jun. 30, 2014
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Current assets | ||
Cash and cash equivalents | $ 1,491,202us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 2,639,650us-gaap_CashAndCashEquivalentsAtCarryingValue |
Accounts receivable | 1,036us-gaap_AccountsReceivableNetCurrent | |
Inventory | 11,233us-gaap_InventoryNet | |
Prepaid expenses | 25,000us-gaap_PrepaidExpenseCurrent | 521,322us-gaap_PrepaidExpenseCurrent |
Prepaid research and development-related party (Note 9) | 121,983rswn_PrepaidResearchAndDevelopmentRelatedParty | 121,983rswn_PrepaidResearchAndDevelopmentRelatedParty |
Deferred tax asset | 31,762us-gaap_DeferredTaxAssetsNetCurrent | |
Total current assets | 1,650,454us-gaap_AssetsCurrent | 3,314,717us-gaap_AssetsCurrent |
Fixed assets, net (Note 2) | 36,591us-gaap_PropertyPlantAndEquipmentNet | 57,246us-gaap_PropertyPlantAndEquipmentNet |
In-process research and development | 7,500,000us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwill | 7,500,000us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwill |
Patents, net | 646,472us-gaap_FiniteLivedIntangibleAssetsNet | 699,563us-gaap_FiniteLivedIntangibleAssetsNet |
Long-term portion of prepaid research and development-related party (Note 9) | 365,950rswn_PrepaidResearchAndDevelopmentRelatedPartyNoncurrent | 457,438rswn_PrepaidResearchAndDevelopmentRelatedPartyNoncurrent |
Deposits | 1,998us-gaap_DepositsAssetsNoncurrent | |
Total non current assets | 8,551,011us-gaap_AssetsNoncurrent | 8,714,247us-gaap_AssetsNoncurrent |
Total assets | 10,201,465us-gaap_Assets | 12,028,964us-gaap_Assets |
Current liabilities | ||
Accounts payable | 546,346us-gaap_AccountsPayableCurrent | 649,504us-gaap_AccountsPayableCurrent |
Accrued liabilities-related party (Note 9) | 150,000us-gaap_DueToRelatedPartiesCurrent | |
Accrued compensation | 98,949rswn_AccruedCompensationCurrent | |
Deferred revenue | 85,714us-gaap_DeferredRevenueCurrent | 85,714us-gaap_DeferredRevenueCurrent |
Payable to Ampio | 468,550us-gaap_AccountsPayableRelatedPartiesCurrent | 861,059us-gaap_AccountsPayableRelatedPartiesCurrent |
Notes to Ampio | 8,000,000us-gaap_NotesPayableRelatedPartiesClassifiedCurrent | 4,300,000us-gaap_NotesPayableRelatedPartiesClassifiedCurrent |
Accrued interest to Ampio | 3,329rswn_InterestPayableRelatedPartiesCurrent | 46,002rswn_InterestPayableRelatedPartiesCurrent |
Total current liabilities | 9,202,888us-gaap_LiabilitiesCurrent | 6,092,279us-gaap_LiabilitiesCurrent |
Long-term deferred revenue | 447,321us-gaap_DeferredRevenueNoncurrent | 511,607us-gaap_DeferredRevenueNoncurrent |
Noncurrent deferred tax liability | 55,672us-gaap_DeferredTaxLiabilitiesNoncurrent | |
Total liabilities | 9,650,209us-gaap_Liabilities | 6,659,558us-gaap_Liabilities |
Commitments and contingencies (Note 6) | ||
Stockholders' equity | ||
Common stock | 4,465us-gaap_CommonStockValue | 4,465us-gaap_CommonStockValue |
Additional paid-in capital | 13,156,590us-gaap_AdditionalPaidInCapitalCommonStock | 12,406,780us-gaap_AdditionalPaidInCapitalCommonStock |
Accumulated deficit | (12,609,799)us-gaap_RetainedEarningsAccumulatedDeficit | (7,041,839)us-gaap_RetainedEarningsAccumulatedDeficit |
Total stockholders' equity | 551,256us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest | 5,369,406us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest |
Total liabilities and stockholders' equity | $ 10,201,465us-gaap_LiabilitiesAndStockholdersEquity | $ 12,028,964us-gaap_LiabilitiesAndStockholdersEquity |
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Accrued Compensation Current No definition available.
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Interest payable related parties current. No definition available.
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Prepaid research and development related party. No definition available.
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Prepaid research and development related party noncurrent. No definition available.
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- Definition
Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount for accounts payable to related parties. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer, including sales, license fees, and royalties, but excluding interest income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The noncurrent portion of deferred revenue amount as of balance sheet date. Deferred revenue is a liability related to a revenue producing activity for which revenue has not yet been recognized, and is not expected to be recognized in the next twelve months. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards expected to be realized or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred tax liability attributable to taxable temporary differences, net of deferred tax asset attributable to deductible temporary differences and carryforwards net of valuation allowances expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Carrying value of amounts transferred to third parties for security purposes that are expected to be returned or applied towards payment after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Carrying amount as of the balance sheet date of obligations due all related parties. For classified balance sheets, represents the current portion of such liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of assets, excluding financial assets and goodwill, lacking physical substance and having a projected indefinite period of benefit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount for notes payable (written promise to pay), due to related parties. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of asset related to consideration paid in advance for costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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