Veru Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 12 - FC1 - FC2 Transition - Restructuring Costs (Tables)

Note 12 - FC1 - FC2 Transition - Restructuring Costs (Tables)

12 Months Ended

Sep. 30, 2012

Schedule of Restructuring and Related Costs [Table Text Block]

	2010
Lease surrender payments and related costs	$	1,734,496
Excess capacity costs		302,683
Proportionate recognition of deferred gain on original sale/leaseback of plant		(657,605	)
Dilapidations and related costs		550,348
Total	$	1,929,922

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

Restructuring accrual balance at September 30, 2009				$	1,116,911
Restructuring costs incurred during the year ended September 30, 2010					1,929,922
Less:
Termination payments	$	1,325,309
Lease surrender payments		1,734,496
Lease exit payments		644,633
Reversal of deferred gain		(657,605	)
					(3,046,833	)
Restructuring accrual balance at September 30, 2010				$	-

- Definition

Tabular disclosure of restructuring and related costs by type of restructuring including the description of the restructuring costs, such as the expected cost; the costs incurred during the period; the cumulative costs incurred as of the balance sheet date; the income statement caption within which the restructuring charges recognized for the period are included; and changes to an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost.

+ References + Details

- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References + Details