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

Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

Debt (Tables)

9 Months Ended

Jun. 30, 2023


	June 30,		September 30,
	2023		2022

Residual royalty agreement liability, fair value at inception	$	346,000	$	346,000
Add: accretion of liability using effective interest rate		12,170,748		9,950,908
Less: cumulative payments		(4,153,120)		(3,765,372)
Residual royalty agreement liability, excluding embedded derivative liability		8,363,628		6,531,536
Add: embedded derivative liability at fair value (see Note 3)		1,975,000		4,294,000
Total residual royalty agreement liability		10,338,628		10,825,536
Residual royalty agreement liability, short-term portion		(1,061,893)		(1,169,095)
Residual royalty agreement liability, long-term portion	$	9,276,735	$	9,656,441

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details