Veru inc. (VERU)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Sep'10
Assets
Current assets:
Cash and cash equivalents

2,557

4,174

6,295

-

-

-

3,759

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash

-

-

-

8,039

5,896

8,979

-

5,577

8,972

3,572

3,277

2,671

1,241

3,485

2,385

3,210

2,791

-

4,105

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,671

-

2,624

2,933

4,568

5,796

4,142

5,941

7,991

8,922

11,878

6,147

4,275

5,295

8,286

6,271

4,661

4,249

3,284

2,918

Certificate of deposit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

63

63

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

52

52

55

-

4

4

4

4

4

4

Accounts receivable, net

5,802

5,970

5,021

4,766

4,027

2,487

3,972

3,668

2,969

3,000

3,418

5,760

7,310

8,390

10,775

18,636

18,570

17,684

14,088

14,335

12,472

5,835

2,943

5,419

2,477

2,671

2,362

926

7,391

7,840

7,268

4,748

4,466

4,792

2,305

1,338

4,460

Income tax receivable

-

-

-

-

-

-

-

-

-

-

-

37

2

2

2

29

29

27

21

-

-

-

-

78

160

77

78

-

28

28

27

-

-

-

-

28

28

Inventory, net

6,016

4,595

3,647

3,130

2,998

2,698

2,302

2,653

3,589

3,067

2,767

2,765

2,538

2,522

2,492

2,337

2,191

1,562

1,745

2,546

2,808

3,464

2,983

3,029

4,124

2,532

2,459

2,816

2,479

1,823

1,458

1,329

1,117

1,202

2,026

2,127

2,194

Prepaid expenses and other current assets

3,084

2,075

1,843

1,206

1,220

1,208

1,148

958

629

625

833

800

607

720

634

544

276

316

609

518

383

452

638

374

288

452

514

558

638

593

624

307

322

211

297

369

284

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

244

362

279

1,016

828

700

129

711

1,657

2,120

2,552

2,552

2,152

2,152

2,152

2,152

800

800

800

800

1,900

1,900

Total current assets

17,459

16,815

16,806

17,142

14,142

15,373

11,182

12,858

16,160

10,265

10,297

12,034

11,700

15,121

16,289

25,002

24,222

23,542

21,585

20,852

19,298

14,450

13,072

14,700

15,113

16,278

16,888

18,383

18,889

16,767

16,826

15,475

12,983

11,671

9,746

9,116

11,791

Equipment, furniture and fixtures

-

-

-

-

-

-

-

4,067

4,069

4,069

4,067

4,165

4,194

4,168

4,625

4,621

4,620

4,629

4,680

-

-

-

4,590

-

-

-

-

-

4,757

4,505

-

4,020

4,039

3,864

3,465

3,755

3,720

Leasehold improvements

-

-

-

-

-

-

-

287

287

287

287

300

292

292

323

323

323

323

323

-

-

-

323

-

-

-

323

-

-

-

322

-

-

-

301

-

-

Equipment, furniture and fixtures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,995

4,895

4,870

-

4,906

4,903

4,901

4,497

4,780

-

-

3,969

-

-

-

-

-

-

Construction in progress

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27

36

285

268

366

-

-

-

-

-

Less: accumulated depreciation and amortization

-

-

-

-

-

-

-

3,889

3,888

3,844

3,800

3,793

3,751

3,663

4,123

4,028

3,928

3,824

3,763

3,641

3,520

3,397

3,310

3,154

3,011

2,868

2,726

2,588

2,444

2,342

2,211

2,097

2,011

1,899

1,787

1,672

1,322

Plant and equipment, net

332

336

351

314

320

361

404

465

469

513

555

672

735

798

825

916

1,015

1,128

1,239

1,353

1,374

1,473

1,602

1,752

1,891

2,032

2,094

2,220

2,349

2,448

2,349

2,289

2,028

1,964

1,979

2,083

2,398

Operating lease right-of-use assets

1,075

1,153

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

8,632

8,586

8,433

-

-

-

8,543

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred assets

-

-

-

-

-

-

-

-

424

423

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

8,574

8,570

8,546

-

12,194

13,480

12,124

8,827

9,027

9,012

8,872

13,482

14,509

14,509

14,509

14,509

14,806

15,072

16,832

16,832

16,048

16,048

16,048

16,048

11,148

11,148

11,148

11,148

7,600

7,600

7,600

7,600

4,000

4,000

Intangible assets, net

20,010

20,089

20,168

20,245

-

-

20,477

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

-

-

-

-

20,323

20,400

-

20,546

20,615

20,684

20,752

20,793

20,833

20,873

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

6,878

6,878

6,878

6,878

6,878

6,878

6,878

6,878

6,878

6,878

6,878

6,878

6,878

6,878

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other trade receivables (Note 4)

-

-

-

-

-

-

-

-

-

-

7,837

7,837

7,837

7,837

7,837

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

1,486

675

988

684

776

773

965

527

165

159

186

183

179

178

189

191

142

137

136

151

148

156

166

174

157

146

138

126

127

121

122

118

121

117

116

120

178

Total assets

55,876

54,536

53,628

53,840

51,012

52,334

48,452

53,470

58,195

51,048

55,336

57,426

57,177

60,561

38,623

40,618

39,889

39,317

37,471

37,164

35,894

32,913

31,673

32,675

33,210

34,505

35,169

31,877

32,514

30,485

30,446

25,483

22,733

21,354

19,442

15,319

18,368

Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable

4,235

3,827

3,124

3,134

2,525

2,103

3,226

3,461

3,539

2,517

2,685

1,915

1,435

1,266

701

1,059

1,021

1,148

1,077

931

1,477

1,152

1,124

1,213

1,495

1,175

904

1,377

1,711

1,499

1,775

1,878

748

955

1,076

573

586

Accrued research and development costs

2,204

2,636

2,475

1,464

437

-

981

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued compensation

1,537

1,340

1,597

-

-

-

687

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued research and development costs

-

-

-

-

-

569

-

-

-

-

200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued compensation

-

-

-

-

-

-

-

355

322

338

406

396

137

61

264

235

335

212

592

625

619

338

436

386

-

-

962

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other current liabilities

1,781

2,126

1,436

2,403

2,472

2,076

1,778

1,713

1,940

2,383

1,180

1,593

1,835

3,046

2,380

3,692

3,559

3,115

2,555

3,048

2,547

1,956

1,816

1,782

1,293

1,232

1,598

1,370

1,353

1,771

1,120

1,068

1,056

699

846

629

906

Credit agreement, short-term portion

6,662

6,547

5,385

4,660

5,836

4,943

6,692

6,428

3,912

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liability, short-term portion

398

430

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unearned revenue

-

-

-

-

-

49

187

760

872

990

1,014

964

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

309

456

-

2,053

1,200

644

2,964

2,178

1,497

861

369

300

444

Accrued dividend

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

2,026

2,021

-

-

-

-

-

-

-

-

-

-

-

Accrued dividend

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16

2,021

1,733

-

-

1,695

1,410

-

-

-

Total current liabilities

16,820

16,908

14,019

11,663

11,272

9,742

13,552

12,720

10,587

6,229

5,487

4,870

3,407

4,373

3,346

4,987

4,915

4,476

4,225

4,605

4,645

3,447

3,378

3,388

5,125

4,886

3,465

4,818

6,286

5,649

5,860

5,125

4,998

3,926

2,293

1,502

1,938

Credit agreement, long-term portion

2,333

1,913

2,886

4,489

2,717

2,996

2,701

4,274

5,822

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Residual royalty agreement

4,408

4,768

3,845

1,824

2,341

-

1,753

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liability, long-term portion

871

970

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

296

296

296

-

-

-

844

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

895

895

895

-

-

-

-

-

465

975

1,709

110

115

118

108

98

-

-

-

190

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Obligations under capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12

Deferred rent

-

-

-

201

210

86

-

89

81

68

131

61

44

22

0

4

8

12

15

18

24

31

39

46

53

60

66

72

78

84

90

96

101

181

101

90

-

Residual royalty agreement (Note 7)

-

-

-

-

-

1,702

-

517

372

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

31

35

247

30

30

30

118

-

-

-

1,263

1,233

1,233

1,233

1,233

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred grant income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39

45

51

-

64

70

76

82

88

95

101

107

113

132

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

165

168

178

-

234

234

232

235

189

192

192

194

187

195

188

188

152

152

Total liabilities

24,761

24,893

21,295

19,104

17,468

15,453

18,971

17,600

16,863

6,297

6,883

6,631

5,662

7,339

4,690

5,107

5,042

4,596

4,338

4,789

4,838

3,657

3,607

3,707

5,459

5,231

3,766

5,144

6,628

6,003

6,228

5,498

5,390

4,398

2,690

1,858

2,235

Series 4 Preferred Stock

-

-

-

-

-

-

-

-

-

-

-

17,981

17,981

17,981

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Commitments and contingencies (Note 12)

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

Stockholders' equity:
Preferred stock; no shares issued and outstanding at March 31, 2020 and September 30, 2019

-

-

-

-

-

-

-

-

0

0

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

-

0

-

-

-

0

-

-

-

-

-

-

Common stock, par value $0.01 per share; 154,000,000 shares authorized, 67,879,242 and 67,221,951 shares issued and 65,695,538 and 65,038,247 shares outstanding at March 31, 2020 and September 30, 2019, respectively

678

672

672

670

649

648

574

569

556

556

553

335

335

335

312

312

312

312

311

309

309

310

309

309

308

308

306

306

306

306

305

298

298

298

296

296

293

Additional paid-in-capital

113,158

110,882

110,268

109,612

105,666

104,972

95,496

93,971

91,514

91,102

90,550

72,449

72,380

72,310

69,660

69,486

69,393

69,301

69,205

69,151

69,003

68,869

68,484

68,301

68,037

67,898

67,460

67,346

67,226

67,112

66,760

68,774

68,626

68,463

68,117

67,948

67,313

Accumulated other comprehensive loss

-581

-581

-581

-581

-581

-581

-581

-581

-581

-581

-581

-581

-581

-581

-581

-581

-581

-581

-581

-581

-581

-581

-581

-581

-581

-581

-581

-581

-581

-581

-581

-581

-581

-581

-581

-581

-581

Accumulated deficit

-74,334

-73,524

-70,219

-67,158

-64,384

-60,350

-58,201

-50,282

-42,351

-38,520

-34,263

-31,583

-30,794

-29,017

-27,651

-25,900

-26,470

-26,505

-27,995

-28,698

-29,869

-31,537

-32,341

-31,775

-32,935

-31,283

-28,715

-33,294

-34,021

-35,504

-35,594

-42,063

-44,613

-44,836

-44,697

-47,820

-44,544

Treasury stock, 2,183,704 shares, at cost

7,806

7,806

7,806

7,806

7,806

7,806

7,806

7,806

7,806

7,806

7,806

7,806

7,806

7,806

7,806

7,806

7,806

7,806

7,806

7,806

7,806

7,805

7,805

7,285

7,078

7,067

7,067

7,044

7,044

6,850

6,672

6,441

6,387

6,387

6,382

6,382

6,349

Total stockholders' equity

31,114

29,642

32,333

34,736

33,544

36,881

29,481

35,870

41,331

44,750

48,453

32,813

33,533

35,240

33,933

35,510

34,847

34,720

33,133

32,375

31,056

29,255

28,065

28,967

27,751

29,274

31,402

26,733

25,886

24,482

24,218

19,985

17,342

16,956

16,752

13,461

16,132

Total liabilities and stockholders' equity

55,876

54,536

53,628

53,840

51,012

52,334

48,452

53,470

58,195

51,048

55,336

57,426

57,177

60,561

38,623

40,618

39,889

39,317

37,471

37,164

35,894

32,913

31,673

32,675

33,210

34,505

35,169

31,877

32,514

30,485

30,446

25,483

22,733

21,354

19,442

15,319

18,368