Note 1 - Organization

12 Months Ended

Jun. 30, 2021

Notes to Financial Statements

Nature of Operations [Text Block]

1. Organization

Isoray, Inc. was incorporated in Minnesota in

1983.

On

July 28, 2005,

Isoray Medical, Inc. (Medical) became a wholly-owned subsidiary of Isoray, Inc. (formerly known as Century Park Pictures Corporation) pursuant to a merger. In

December 2018,

upon approval of a majority of stockholders, Isoray, Inc. was redomiciled to Delaware. Medical was formed under Delaware law on

June 15, 2004

and on

October 1, 2004

acquired

two

affiliated predecessor companies which began operations in

1998.

Medical, a Delaware corporation, develops, manufactures and sells isotope-based medical products and devices for the treatment of cancer and other malignant diseases. Medical is headquartered in Richland, Washington.

Isoray International LLC (International), a Washington limited liability company, was formed on

November 27, 2007

and is a wholly-owned subsidiary of Isoray, Inc. International has entered into various international distribution agreements.