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

Annual report pursuant to Section 13 and 15(d)

Intangible Assets and Goodwill (Tables)

Intangible Assets and Goodwill (Tables)

12 Months Ended

Sep. 30, 2022

Intangible Assets and Goodwill [Abstract]

Gross Carrying Amounts and Net Book Value of Intangible Assets



	Gross Carrying			Accumulated			Net Book
	Amount			Amortization			Value
Intangible asset with finite life:
Covenants not-to-compete	$	500,000		$	422,619		$	77,381
Indefinite-lived intangible assets:
Acquired in-process research and development assets		3,900,000			—			3,900,000
Total intangible assets	$	4,400,000		$	422,619		$	3,977,381

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


	Gross Carrying			Accumulated			Net Book
	Amount			Amortization			Value
Intangible asset with finite life:
Covenants not-to-compete	$	500,000		$	351,190		$	148,810
Indefinite-lived intangible assets:
Acquired in-process research and development assets		3,900,000			—			3,900,000
Total intangible assets	$	4,400,000		$	351,190		$	4,048,810