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

APP Acquisition (Tables)

12 Months Ended

Sep. 30, 2018



Common stock	$	1,826,097
Series 4 Preferred Stock		17,981,883
Total purchase consideration	$	19,807,980



Recognized amounts of identifiable assets acquired:
Cash	$	43,118
Accounts receivable		6,975
Inventory		141,041
Prepaid expenses and other		339
Equipment, furniture, and fixtures		1,290
Intangible assets:
In-process research and development		18,000,000
Developed technology - PREBOOST®		2,400,000
Covenants not-to-compete		500,000
Total intangible assets		20,900,000
		21,092,763
Recognized amounts of identifiable liabilities assumed:
Accounts payable		(1,087,212)
Accrued expenses		(276,503)
Deferred tax liabilities		(6,800,000)
		(8,163,715)
Total identifiable net assets acquired		12,929,048
Goodwill		6,878,932
	$	19,807,980