Lipoma is a benign fatty tumor. No treatment is needed unless the tumor becomes painful, cosmetically unpleasant or restricts movement. Lipomas are normally removed by simple excision andthe removal can often be done under local anaesthetic. Liposuction is another method of removing the lipoma.
It is very difficult to precisely confirm a diagnosis without examination and investigations and the answer is based on the medical information provided. For exact diagnosis, you are requested to consult your dermatologist/ urologist. I sincerely hope that helps. Take care and please do keep me posted on how you are doing.