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Veru Inc. – ‘10-K’ for 9/30/20 – ‘R59’

On:  Thursday, 12/10/20, at 3:37pm ET   ·   For:  9/30/20   ·   Accession #:  863894-20-21   ·   File #:  1-13602

Previous ‘10-K’:  ‘10-K’ on 12/12/19 for 9/30/19   ·   Next:  ‘10-K’ on 12/2/21 for 9/30/21   ·   Latest:  ‘10-K/A’ on 4/1/24 for 9/30/23   ·   36 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

12/10/20  Veru Inc.                         10-K        9/30/20  100:9.9M

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   1.16M 
 2: EX-2.2      Plan of Acquisition, Reorganization, Arrangement,   HTML    300K 
                Liquidation or Succession                                        
 3: EX-4.3      Instrument Defining the Rights of Security Holders  HTML     39K 
 4: EX-10.27    Material Contract                                   HTML     51K 
 5: EX-21       Subsidiaries List                                   HTML     27K 
 6: EX-23.1     Consent of Expert or Counsel                        HTML     26K 
10: EX-99.1     Miscellaneous Exhibit                               HTML    104K 
 7: EX-31.1     Certification -- §302 - SOA'02                      HTML     33K 
 8: EX-31.2     Certification -- §302 - SOA'02                      HTML     33K 
 9: EX-32.1     Certification -- §906 - SOA'02                      HTML     29K 
17: R1          Document and Entity Information                     HTML     68K 
18: R2          Consolidated Balance Sheets                         HTML    117K 
19: R3          Consolidated Balance Sheets (Parenthetical)         HTML     40K 
20: R4          Consolidated Statements of Operations               HTML     71K 
21: R5          Consolidated Statements of Stockolders' Equity      HTML     67K 
22: R6          Consolidated Statements of Cash Flows               HTML    123K 
23: R7          Nature of Business and Significant Accounting       HTML     69K 
                Policies                                                         
24: R8          Liquidity                                           HTML     28K 
25: R9          Fair Value Measurements                             HTML     63K 
26: R10         Revenue from Contracts with Customers               HTML     57K 
27: R11         Accounts Receivable and Concentration of Credit     HTML     59K 
                Risk                                                             
28: R12         Inventory                                           HTML     50K 
29: R13         Property and Equipment                              HTML     52K 
30: R14         Intangible Assets and Goodwill                      HTML     89K 
31: R15         Debt                                                HTML     95K 
32: R16         Stockholders' Equity                                HTML     48K 
33: R17         Share-based Compensation                            HTML     98K 
34: R18         Leases                                              HTML    116K 
35: R19         Contingent Liabilities                              HTML     31K 
36: R20         Income Taxes                                        HTML    180K 
37: R21         Paycheck Protection Program                         HTML     28K 
38: R22         Net Loss Per Share                                  HTML     28K 
39: R23         Industry Segments                                   HTML     43K 
40: R24         Employee Benefit Plans                              HTML     30K 
41: R25         Related Party Transactions                          HTML     28K 
42: R26         Subsequent Events                                   HTML     30K 
43: R27         Basis of Presentation (Policy)                      HTML    123K 
44: R28         Fair Value Measurements (Tables)                    HTML     56K 
45: R29         Revenue from Contracts with Customers (Tables)      HTML     53K 
46: R30         Accounts Receivable and Concentration of Credit     HTML     55K 
                Risk (Tables)                                                    
47: R31         Inventory (Tables)                                  HTML     50K 
48: R32         Property and Equipment (Tables)                     HTML     50K 
49: R33         Intangible Assets and Goodwill (Tables)             HTML     85K 
50: R34         Debt (Tables)                                       HTML     86K 
51: R35         Share-based Compensation (Tables)                   HTML     92K 
52: R36         Leases (Tables)                                     HTML    104K 
53: R37         Income Taxes (Tables)                               HTML    172K 
54: R38         Industry Segments (Tables)                          HTML     40K 
55: R39         Basis of Presentation (Narrative) (Details)         HTML     67K 
56: R40         Fair Value Measurements (Narrative) (Details)       HTML     34K 
57: R41         Fair Value Measurements (Reconciliation of the      HTML     30K 
                Beginning and Ending Liability Balance) (Details)                
58: R42         Fair Value Measurements (Schedule of Qualitative    HTML     39K 
                Information) (Details)                                           
59: R43         Revenue from Contracts with Customers (Narrative)   HTML     32K 
                (Details)                                                        
60: R44         Revenue from Contracts with Customers (Revenue      HTML     36K 
                from Customers by Products) (Details)                            
61: R45         Revenue from Contracts with Customers (Revenue by   HTML     32K 
                Geographic Area) (Details)                                       
62: R46         Accounts Receivable and Concentration of Credit     HTML     44K 
                Risk (Narrative) (Details)                                       
63: R47         Accounts Receivable and Concentration of Credit     HTML     37K 
                Risk (Components of Accounts Receivable) (Details)               
64: R48         Accounts Receivable and Concentration of Credit     HTML     32K 
                Risk (Summary of Components of Allowance for                     
                Doubtful Accounts) (Details)                                     
65: R49         Inventory (Components Of Inventory) (Details)       HTML     43K 
66: R50         Property and Equipment (Narrative) (Details)        HTML     28K 
67: R51         Property and Equipment (Summary of Property and     HTML     50K 
                Equipment) (Details)                                             
68: R52         Intangible Assets and Goodwill (Narrative)          HTML     41K 
                (Details)                                                        
69: R53         Intangible Assets and Goodwill (Gross Carrying      HTML     46K 
                Amounts and Net Book Value of Intangible Assets)                 
                (Details)                                                        
70: R54         Intangible Assets and Goodwill (Estimated Future    HTML     41K 
                Amortization Expense) (Details)                                  
71: R55         Debt (Narrative) (Details)                          HTML     92K 
72: R56         Debt (Credit Agreement) (Details)                   HTML     54K 
73: R57         Debt (Residual Royalty Agreement Liability)         HTML     42K 
                (Details)                                                        
74: R58         Debt (Credit Agreement Interest Expense) (Details)  HTML     35K 
75: R59         Stockholders' Equity (Narrative) (Details)          HTML    128K 
76: R60         Share-based Compensation (Narrative) (Details)      HTML     95K 
77: R61         Share-based Compensation (Recorded Share-Based      HTML     35K 
                Compensation Expenses) (Details)                                 
78: R62         Share-based Compensation (Weighted Average          HTML     38K 
                Assumptions for Options Granted) (Details)                       
79: R63         Share-based Compensation (Summary of Stock Options  HTML     60K 
                Outstanding and Exercisable) (Details)                           
80: R64         Leases (Narrative) (Details)                        HTML     98K 
81: R65         Leases (Components of Lease Cost) (Details)         HTML     41K 
82: R66         Leases (Summary of Lease Information) (Details)     HTML     34K 
83: R67         Leases (Schedule of Maturities of Lease             HTML     65K 
                Liabilities) (Details)                                           
84: R68         Leases (Schedule of Future Minimum Payments Under   HTML     64K 
                Leases) (Details)                                                
85: R69         Contingent Liabilities (Narrative) (Details)        HTML     26K 
86: R70         Income Taxes (Narrative) (Details)                  HTML    104K 
87: R71         Income Taxes (Schedule of Income Before Income      HTML     30K 
                Taxes by Jurisdictions) (Details)                                
88: R72         Income Taxes (Reconciliation of Income Tax Expense  HTML     80K 
                (Benefit)) (Details)                                             
89: R73         Income Taxes (Summary of Federal And State Income   HTML     49K 
                Tax Provision (Benefit)) (Details)                               
90: R74         Income Taxes (Significant Components of Deferred    HTML     78K 
                Tax Assets and Liabilities) (Details)                            
91: R75         Income Taxes (Schedule of Deferred Tax Amounts      HTML     36K 
                Classified in Balance Sheets) (Details)                          
92: R76         Paycheck Protection Program (Narrative) (Details)   HTML     30K 
93: R77         Industry Segments (Narrative) (Details)             HTML     26K 
94: R78         Industry Segments (Schedule of Segment Reporting    HTML     35K 
                Information) (Details)                                           
95: R79         Employee Benefit Plans (Narrative) (Details)        HTML     35K 
96: R80         Related Party Transactions (Narrative) (Details)    HTML     33K 
97: R81         Subsequent Events (Narrative) (Details)             HTML     41K 
99: XML         IDEA XML File -- Filing Summary                      XML    180K 
98: EXCEL       IDEA Workbook of Financial Reports                  XLSX    128K 
11: EX-101.INS  XBRL Instance -- veru-20200930                       XML   2.22M 
13: EX-101.CAL  XBRL Calculations -- veru-20200930_cal               XML    286K 
14: EX-101.DEF  XBRL Definitions -- veru-20200930_def                XML    681K 
15: EX-101.LAB  XBRL Labels -- veru-20200930_lab                     XML   1.54M 
16: EX-101.PRE  XBRL Presentations -- veru-20200930_pre              XML   1.17M 
12: EX-101.SCH  XBRL Schema -- veru-20200930                         XSD    238K 
100: ZIP         XBRL Zipped Folder -- 0000863894-20-000021-xbrl      Zip    206K  


‘R59’   —   Stockholders’ Equity (Narrative) (Details)


This is an IDEA Financial Report.  [ Alternative Formats ]



 
v3.20.2
Stockholders' Equity (Narrative) (Details)
3 Months Ended 12 Months Ended 33 Months Ended
USD ($)
shares
USD ($)
$ / shares
shares
USD ($)
shares
USD ($)
item / shares
$ / shares
shares
USD ($)
$ / shares
shares
USD ($)
$ / shares
shares
shares
$ / shares
shares
Class of Stock [Line Items]                  
Preferred stock, issued         0 0 0    
Preferred stock, outstanding         0 0 0    
Common Stock, shares authorized         154,000,000 154,000,000 154,000,000 77,000,000  
Common Stock, par value | $ / shares         $ 0.01 $ 0.01 $ 0.01    
Common stock, voting rights per share | item / shares         1        
Shelf registration statement capacity | $         $ 150,000,000   $ 150,000,000    
Stock issued during period, shares, new issues   7,142,857              
Stock issued during period, value, new issues | $   $ 9,100,000     13,399,999 $ 3,600,000      
Stock issuance price | $ / shares   $ 1.40              
Value of shares issued for services | $         680,937 9,131,967      
Proceeds from sale of stock under purchase agreement | $         $ 13,399,999 $ 3,600,000      
Aspire Capital Purchase Agreement, 2020 [Member]                  
Class of Stock [Line Items]                  
Stock issued during period, shares, new issues 1,644,737                
Stock purchase agreement, term         36 months        
Stock purchase agreement, aggregate amount of stock purchase authorized | $ $ 23,900,000                
Maximum purchase of shares per business day         200,000   200,000    
Stock issuance price | $ / shares         $ 0.50   $ 0.50    
Maximum VWAP percentage         30.00%        
General percentage of VWAP pursuant to notice         97.00%        
Shares issued in connection with common stock offering 212,130                
Value of shares issued for services | $ $ 681,000                
Related expenses | $ 50,000                
Additional paid-in capital | $ 153,000                
Deferred costs | $ 731,000                
Remaining amount authorized | $         $ 18,900,000   $ 18,900,000    
Proceeds from sale of stock under purchase agreement | $ $ 5,000,000                
Unamortized deferred assets | $         $ 578,000   $ 578,000    
Aspire Capital Purchase Agreement, 2017 [Member]                  
Class of Stock [Line Items]                  
Stock issued during period, shares, new issues         2,497,333 2,000,000 6,214,343    
Stock purchase agreement, term     36 months            
Stock purchase agreement, aggregate amount of stock purchase authorized | $     $ 15,000,000            
Shares issued in connection with common stock offering           304,457      
Value of shares issued for services | $           $ 347,000      
Related expenses | $           78,000      
Additional paid-in capital | $         $ 238,000 102,000      
Deferred costs | $           425,000      
Proceeds from sale of stock under purchase agreement | $         $ 8,400,000 3,600,000 $ 15,000,000    
Unamortized deferred assets | $           $ 238,000      
Financial Advisor Warrant [Member]                  
Class of Stock [Line Items]                  
Stock issued during period, shares, new issues       109,143          
Warrant to purchase common stock shares                 2,585,379
Warrant term         5 years        
Warrant exercise price | $ / shares                 $ 1.93
Number of shares per warrant       258,538          
Warrants outstanding         2,326,841   2,326,841    
Preferred Class A [Member]                  
Class of Stock [Line Items]                  
Preferred stock, shares authorized         5,000,000   5,000,000    
Preferred stock, par or stated value per share (in Dollars per share) | $ / shares         $ 0.01   $ 0.01    
Preferred stock, issued         0 0 0    
Preferred stock, outstanding         0 0 0    
Preferred Class A Series 1 [Member]                  
Class of Stock [Line Items]                  
Preferred stock, shares authorized         1,040,000   1,040,000    
Preferred Class A Series 2 [Member]                  
Class of Stock [Line Items]                  
Preferred stock, shares authorized         1,500,000   1,500,000    
Preferred Class A Series 3 [Member]                  
Class of Stock [Line Items]                  
Preferred stock, shares authorized         700,000   700,000    
Preferred Class A Series 4 [Member]                  
Class of Stock [Line Items]                  
Preferred stock, shares authorized         548,000   548,000    
Preferred Class B [Member]                  
Class of Stock [Line Items]                  
Preferred stock, shares authorized         15,000   15,000    
Preferred stock, par or stated value per share (in Dollars per share) | $ / shares         $ 0.50   $ 0.50    
Preferred stock, issued         0 0 0    
Preferred stock, outstanding         0 0 0    

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:12/10/20
For Period end:9/30/20
6/30/2010-Q,  CORRESP,  UPLOAD
6/26/20424B5,  8-K,  S-3
9/30/1910-K
3/26/194,  8-K,  DEF 14A,  PRE 14A
10/1/18
12/29/1710-K,  424B5,  NT 10-K,  S-8 POS
9/30/1710-K,  10-K/A,  NT 10-K
 List all Filings 


12 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/01/24  Veru Inc.                         10-K/A      9/30/23   96:18M
12/08/23  Veru Inc.                         10-K        9/30/23   88:14M
12/05/22  Veru Inc.                         10-K        9/30/22   87:13M
 8/11/22  Veru Inc.                         10-Q        6/30/22   79:12M
 5/12/22  Veru Inc.                         10-Q        3/31/22   78:11M
 2/09/22  Veru Inc.                         10-Q       12/31/21   81:6.2M
12/02/21  Veru Inc.                         10-K        9/30/21   96:9.5M
 8/12/21  Veru Inc.                         10-Q        6/30/21   82:12M
 5/12/21  Veru Inc.                         10-Q        3/31/21   81:7.3M
 2/18/21  Veru Inc.                         424B5                  1:459K                                   Donnelley … Solutions/FA
 2/17/21  Veru Inc.                         424B5                  1:458K                                   Donnelley … Solutions/FA
 2/10/21  Veru Inc.                         10-Q       12/31/20   81:6.1M


24 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 6/26/20  Veru Inc.                         8-K:1,9     6/26/20    4:267K                                   Donnelley … Solutions/FA
 5/13/20  Veru Inc.                         10-Q        3/31/20   84:7.3M
 3/26/20  Veru Inc.                         8-K:5,9     3/24/20    2:499K
 5/15/19  Veru Inc.                         10-Q        3/31/19   72:6.7M
 3/29/19  Veru Inc.                         8-K:5,9     3/26/19    3:161K                                   Donnelley … Solutions/FA
12/13/18  Veru Inc.                         10-K        9/30/18   91:8.9M
 9/27/18  Veru Inc.                         8-K:1,8,9   9/27/18    6:358K                                   Donnelley … Solutions/FA
 8/14/18  Veru Inc.                         10-Q        6/30/18   74:6.8M
 5/04/18  Veru Inc.                         8-K:5,9     5/02/18    2:168K                                   Donnelley … Solutions/FA
 3/26/18  Veru Inc.                         8-K:5,9     3/20/18    4:273K                                   Donnelley … Solutions/FA
 3/06/18  Veru Inc.                         8-K:1,2,9   3/05/18    6:758K                                   Donnelley … Solutions/FA
 8/01/17  Veru Inc.                         8-K:3,5,9   7/28/17    3:190K                                   Donnelley … Solutions/FA
 2/09/17  Veru Inc.                         10-Q       12/31/16   66:5.4M
12/12/16  Veru Inc.                         10-K        9/30/16   85:9.6M
11/02/16  Veru Inc.                         8-K:1,2,3,510/31/16    7:824K                                   Donnelley … Solutions/FA
 4/06/16  Veru Inc.                         8-K:1,3,5,9 4/05/16    5:909K                                   Donnelley … Solutions/FA
12/03/13  Veru Inc.                         10-K        9/30/13   78:9.6M                                   Globenewswire Inc./FA
12/17/09  Veru Inc.                         10-K        9/30/09    8:1.5M                                   Reinhart Boerner … SC/FA
 3/31/08  Veru Inc.                         8-K:5,9     3/27/08    2:132K                                   Reinhart Boerner … SC/FA
 5/17/04  Veru Inc.                         10QSB       3/31/04    5:289K                                   Reinhart Boerner … SC/FA
 5/15/03  Veru Inc.                         10QSB       3/31/03    2:79K                                    Reinhart Boerner … SC/FA
 9/06/02  Veru Inc.                         SB-2                   4:270K                                   Reinhart Boerner … SC/FA
 9/21/00  Veru Inc.                         SB-2                   5:302K                                   Reinhart Boerner … SC/FA
10/19/99  Veru Inc.                         SB-2                   5:381K                                   Bowne - Bde
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Filing Submission 0000863894-20-000021   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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