Reverse Merger (Tables)

9 Months Ended

Mar. 31, 2016

Schedule of Business Acquisitions by Acquisition, Equity Interest Issued or Issuable [Table Text Block]

The effective consideration transferred was $36,800,000 and is comprised of the following:

Fair value of AHV common shares	(A)	$	22,675,000
Preferred stock outstanding	(B)		3,047,000
Stock options vested and outstanding	(C)		1,296,000
Warrants vested and outstanding	(C)		9,782,000

Consideration effectively transferred		$	36,800,000

(A)

Based upon 4,814,226 AHC common shares outstanding at a fair value of $4.71 per share, which was the closing price of AHC common shares on the effective date of the merger.

(B)

Represents 28,000 shares of Series B and 605,000 shares of Series D preferred stock as converted into 646,933 common shares with a fair value of $4.71 per share, which was the closing price of AHC common shares on the effective date of the merger.

(C)

Represents outstanding and vested AHC stock options and warrants acquired in connection with the reverse merger.

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The fair value of these stock options and warrants was determined using the Black Scholes model, with the following assumptions:

	Options			Warrants
Number of shares		559,595			3,479,896
Weighted average exercise price	$	4.46		$	5.24
Volatility		85.10	%		85.10	%
Risk-free interest rate		1.63	%		1.63	%
Expected dividend rate		0	%		0	%
Expected life (years)		4			4.16
Stock Price	$	4.71		$	4.71

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The fair value of the assets acquired and liabilities assumed were based on management estimates. Based upon the preliminary purchase price allocation, the following table summarizes the estimated provisional fair value of the assets acquired and liabilities assumed at the date of acquisition:

Cash and cash equivalents	$	30,000
Restricted cash		121,000
Accounts receivable		174,000
Inventory		360,000
Prepaid expenses and other current assets		464,000
Property and equipment		189,000
Trade names and licensed technology		2,344,000
Deferred tax assets		38,804,000
Total assets acquired at fair value		42,486,000

Accounts payable and accrued expenses		3,860,000
Notes payable		4,078,000
Warrant liability		1,066,000
Total liabilities assumed		9,004,000

Net assets acquired		33,482,000
Goodwill		3,318,000
Total purchase consideration	$	36,800,000

Business Acquisition, Pro Forma Information [Table Text Block]

The following unaudited pro forma results for the three and nine month periods ended March 31, 2016 and 2015 summarizes the consolidated results of operations of the Company, assuming the reverse merger had occurred on July 1, 2014 and after giving effect to the reverse acquisition adjustments, including amortization of tangible and intangible assets acquired in the transaction:

	(in thousands)
	Three months ended
	(As Restated, See Note 2)
	March 31, 2016		March 31, 2015
Net revenues	$	5,623	$	5,571
Net loss	$	(2,356)	$	(458)

	(in thousands)
	Nine months ended
	(As Restated, See Note 2)
	March 31, 2016		March 31, 2015

Net revenues	$	29,018	$	20,995
Net (loss) income	$	(4,082)	$	296