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

Annual report pursuant to Section 13 and 15(d)

Operating Leases And Rental Expense (Tables)

Operating Leases And Rental Expense (Tables)

12 Months Ended

Sep. 30, 2014

Operating Leases And Rental Expense [Abstract]

Schedule Of Operating Lease Expense, Including Real Estate Taxes And Insurance



	2014		2013		2012
Factory and office leases	$	439,722	$	404,678	$	397,073
Other		4,758		5,541		4,824
Total	$	444,480	$	410,219	$	401,897

Schedule Of Future Minimum Payments Under Leases



	Operating
	Leases
2015	$	444,338
2016		427,027
2017		130,383
2018		122,341
2019		121,793
Thereafter		84,240
Total minimum lease payments	$	1,330,122

- Definition

Tabular disclosure of a lessee's leasing arrangements including: (1) the basis on which contingent rental payments are determined, (2) the existence and terms of renewal or purchase options and escalation clauses, (3) restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, (4) rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. Disclosure may also include the specific period used to amortize material leasehold improvements made at the inception of the lease or during the lease term. Additionally, for operating leases having initial or remaining noncancelable lease terms in excess of one year: (a) future minimum rental payments required as of the date of the latest balance sheet presented, in the aggregate and for each of the five succeeding fiscal years, (b) the total of minimum rentals to be received in the future under noncancelable subleases as of the date of the latest balance sheet presented, and (c) for all operating leases, rental expense for each period for which an income statement is presented, with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included.

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