Veru Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

Leases (Tables)

3 Months Ended

Dec. 31, 2020

Leases [Abstract]

Components of Lease Cost


	Three Months Ended
	December 31,
	2020			2019
Finance lease cost:
Amortization of right-of-use assets	$	2,178		$	2,178
Interest on lease liabilities		939			1,480
Operating lease cost		135,326			132,574
Short-term lease cost		1,863			1,863
Variable lease cost		36,683			33,465
Sublease income		(44,845)			(44,844)
Total lease cost	$	132,144		$	126,716

Summary of Lease Information


	December 31,		September 30,
	2020		2020
Operating Leases
Weighted-average remaining lease term	3.4		3.6
Weighted-average discount rate	11.5%		11.5%
Finance Leases
Weighted-average remaining lease term	1.2		1.4
Weighted-average discount rate	13.9%		13.9%