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, 2021

Leases [Abstract]

Components of Lease Cost


	Three Months Ended						Six Months Ended
	March 31,						March 31,
	2021			2020			2021			2020
Finance lease cost:
Amortization of right-of-use assets	$	2,179		$	2,179		$	4,357		$	4,357
Interest on lease liabilities		777			1,379			1,716			2,859
Operating lease cost		136,613			121,106			271,939			253,680
Short-term lease cost		1,863			1,863			3,726			3,726
Variable lease cost		39,539			33,671			76,222			67,136
Sublease income		(44,844)			(44,845)			(89,689)			(89,689)
Total lease cost	$	136,127		$	115,353		$	268,271		$	242,069

Summary of Lease Information


	March 31,		September 30,
	2021		2020
Operating Leases
Weighted-average remaining lease term	3.3		3.6
Weighted-average discount rate	11.5%		11.5%
Finance Leases
Weighted-average remaining lease term	0.9		1.4
Weighted-average discount rate	13.9%		13.9%