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

Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

Leases (Tables)

6 Months Ended

Mar. 31, 2023

Leases [Abstract]

Components of Lease Cost


	Three Months Ended						Six Months Ended
	March 31,						March 31,
	2023			2022			2023			2022
Finance lease cost:
Amortization of right-of-use assets	$	—		$	1,453		$	—		$	3,631
Interest on lease liabilities		—			147			—			403
Operating lease cost		279,450			182,845			560,901			313,955
Short-term lease cost		10,999			12,934			21,100			25,705
Variable lease cost		52,552			46,737			102,643			92,756
Sublease income		(44,845)			(44,845)			(89,689)			(89,689)
Total lease cost	$	298,156		$	199,271		$	594,955		$	346,761

Summary of Lease Information


	March 31,		September 30,
	2023		2022
Operating Leases
Weighted-average remaining lease term	6.2		6.8
Weighted-average discount rate	7.8%		7.6%