Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2016

Discontinued Operations and Disposal Groups [Abstract]

Summary of Assets and Liabilities of Discontinued Operations

The following table provides a summary of Aytu amounts included in discontinued operations:

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Revenue	$	-	$	182,035	$	-	$	205,864
Total operating expenses		-		(2,124,607)		-		(3,954,573)
Interest expense		-		(4,094)		-		(40,146)
Loss from discontinued operations	$	-	$	(1,946,666)	$	-	$	(3,788,855)

Assets and liabilities of discontinued operations consisted of the following at December 31, 2015:

	December 31,     2015
Cash and cash equivalents	$	10,959,546
Prepaid expenses and other		1,644,674
Prepaid research and development - related party		121,983
Current assets of discontinued operations		12,726,203
Fixed assets, net		143,826
In-process research and development		7,500,000
Developed technology, customer contracts and trade names, net		2,909,583
Goodwill		221,000
Patents, net		593,382
Long-term portion of prepaid research and development - related party		274,463
Deposits		2,888
Other assets of discontinued operations		11,645,142
Assets of discontinued operations	$	24,371,345
Accounts payable	$	1,076,293
Primsol payable		1,111,057
Accrued compensation		492,584
Deferred revenue		85,714
Current liabilities of discontinued operations		2,765,648
Convertible promissory notes, net of unamortized discount of $253,448		4,921,552
Interest payable		161,988
Contingent consideration		687,685
Long-term deferred rent		11,694
Long-term deferred revenue		383,036
Warrant derivative liability		180,969
Liabilities of discontinued operations		6,346,924
Liabilities of discontinued operations	$	9,112,572