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

Intangible Assets and Goodwill (Tables)

9 Months Ended

Jun. 30, 2021

The gross carrying amounts and net book value of intangible assets were as follows at June 30, 2021:


	Gross Carrying		Accumulated		Net Book
	Amount		Amortization		Value
Intangible asset with finite life:
Covenants not-to-compete	$	500,000	$	333,333	$	166,667
Indefinite-lived intangible assets:
Acquired in-process research and development assets		3,900,000		—		3,900,000
Total intangible assets	$	4,400,000	$	333,333	$	4,066,667

The gross carrying amounts and net book value of intangible assets were as follows at September 30, 2020:


	Gross Carrying		Accumulated		Net Book
	Amount		Amortization		Value
Intangible assets with finite lives:
Developed technology - PREBOOST®	$	2,400,000	$	768,111	$	1,631,889
Covenants not-to-compete		500,000		279,762		220,238
Total intangible assets with finite lives		2,900,000		1,047,873		1,852,127
Acquired in-process research and development assets		3,900,000		—		3,900,000
Total intangible assets	$	6,800,000	$	1,047,873	$	5,752,127