| Cash Flow | 2025-06-30 |
|---|---|
| Noncash interest expense, net of interest paid | -168,556 |
| Change in fair value of derivative liabilities | -3,138,316 |
| Share-based compensation | 6,567,376 |
| Other | -14,019 |
| Noncash change in right-of-use assets | 451,795 |
| Net income | -24,179,786 |
| Provision for obsolete inventory | 0 |
| Increase in prepaid expenses and other assets | 248,677 |
| Decrease in operating lease liabilities | -488,179 |
| Decrease in inventories | -863,928 |
| (decrease) increase in accrued expenses and other liabilities | -1,862,377 |
| (increase) decrease in accounts receivable | 657,253 |
| Decrease in accounts payable | -1,899,508 |
| Gain on extinguishment of debt | 8,624,778 |
| Loss on sale of fc2 business | -4,253,405 |
| Change in fair value of equity securities | -349,078 |
| Gain on sale of entadfi assets | 2,154,134 |
| Depreciation and amortization | 123,532 |
| Deferred income taxes | -1,915 |
| Net cash used in operating activities | -24,551,752 |
| Cash proceeds from sale of entadfi assets | 2,154,134 |
| Proceeds from sale of equity securities | 393,217 |
| Proceeds from sale of fc2 business, net of costs | 16,320,964 |
| Capital expenditures | 1,083 |
| Net cash provided by investing activities | 18,867,232 |
| Installment payments on premium finance agreement | 0 |
| Proceeds from stock option exercises | 0 |
| Proceeds from sale of shares-Public Offering | 0 |
| Proceeds from sale of shares-Lincoln Park Purchase Agreement | 0 |
| Proceeds from sale of shares-Jefferies Sales Agreement | 0 |
| Payment on extinguishment of residual royalty agreement liabilities | 4,221,611 |
| Net cash (used in) provided by financing activities | -4,221,611 |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | -9,906,131 |
VERU INC. (VERU)
VERU INC. (VERU)