VERU INC.
For the period ended Mar 31, 2025. Filed May 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 8, 2025
VERU$2.12-3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Balance Sheets
VERU INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
| March 31, | September 30, | |
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets: | ||
| Cash, cash equivalents, and restricted cash | $20,018,392 | $24,916,285 |
| Prepaid expenses and other current assets | 1,359,372 | 1,547,928 |
| Current assets of discontinued operations | — | 8,759,011 |
| Total current assets | 21,377,764 | 35,223,224 |
| Property and equipment, net | 422,712 | 481,372 |
| Operating lease right-of-use assets | 3,002,939 | 3,250,623 |
| Goodwill | 6,878,932 | 6,878,932 |
| Other assets | 989,596 | 989,596 |
| Long-term assets of discontinued operations | — | 13,595,025 |
| Total assets | $32,671,943 | $60,418,772 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities: | ||
| Accounts payable | $2,205,474 | $2,259,668 |
| Accrued research and development costs | 196,918 | 120,448 |
| Accrued compensation | 1,986,800 | 4,494,278 |
| Accrued expenses and other current liabilities | 482,177 | 549,237 |
| Residual royalty agreement liability, short-term portion | — | 1,025,837 |
| Operating lease liability, short-term portion | 747,951 | 736,970 |
| Current liabilities of discontinued operations | — | 2,681,530 |
| Total current liabilities | 5,619,320 | 11,867,968 |
| Residual royalty agreement liability, long-term portion | — | 8,850,792 |
| Operating lease liability, long-term portion | 2,640,965 | 2,905,309 |
| Other liabilities | 3,364,425 | 4,461,920 |
| Long-term liabilities of discontinued operations | — | 16,071 |
| Total liabilities | 11,624,710 | 28,102,060 |
| Commitments and contingencies (Note 12) | ||
| Stockholders' equity: | ||
| Preferred stock; no shares issued and outstanding at March 31, 2025 and September 30, 2024 | — | — |
| Common stock, par value $0.01 per share; 308,000,000 shares authorized, 148,767,624 and 148,567,624 shares issued and 146,583,920 and 146,383,920 shares outstanding at March 31, 2025 and September 30, 2024, respectively | 1,487,676 | 1,485,676 |
| Additional paid-in-capital | 338,782,763 | 333,788,795 |
| Accumulated other comprehensive loss | — | (581,519) |
| Accumulated deficit | (311,416,601) | (294,569,635) |
| Treasury stock, 2,183,704 shares, at cost | (7,806,605) | (7,806,605) |
| Total stockholders' equity | 21,047,233 | 32,316,712 |
| Total liabilities and stockholders' equity | $32,671,943 | $60,418,772 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.