2022 Q4 Form 10-Q Financial Statement

#000149315222031682 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $10.14M $4.322M $4.334M
YoY Change 10.65% -0.28% 33.27%
Cost Of Revenue $5.256M $2.225M $2.290M
YoY Change 10.12% -2.84% 126.06%
Gross Profit $4.888M $2.097M $2.044M
YoY Change 11.22% 2.59% -8.71%
Gross Profit Margin 48.19% 48.52% 47.16%
Selling, General & Admin $10.21M $7.765M $17.25M
YoY Change 10.04% -54.99% 300.98%
% of Gross Profit 208.84% 370.29% 843.93%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $125.0K $131.0K $134.0K
YoY Change -4.58% -2.24% -52.48%
% of Gross Profit 2.56% 6.25% 6.56%
Operating Expenses $10.51M $7.961M $17.95M
YoY Change 70.11% -55.65% 307.77%
Operating Profit -$5.620M -$3.639M -$15.91M
YoY Change 215.38% -77.12% 635.37%
Interest Expense -$35.00K $89.00K -$86.00K
YoY Change -60.67% -203.49% -88.44%
% of Operating Profit
Other Income/Expense, Net $2.871M $1.074M $185.0K
YoY Change -122.91% 480.54% 12.8%
Pretax Income -$2.784M -$2.565M -$16.01M
YoY Change -80.8% -83.97% 447.4%
Income Tax $1.000K $1.000K $6.000K
% Of Pretax Income
Net Earnings -$2.785M -$2.566M -$16.01M
YoY Change -80.8% -83.97% 436.42%
Net Earnings / Revenue -27.45% -59.37% -369.45%
Basic Earnings Per Share -$0.11 -$2.00
Diluted Earnings Per Share -$0.11 -$0.11 -$2.002M
COMMON SHARES
Basic Shares Outstanding 26.70M shares 23.55M shares 8.000M shares
Diluted Shares Outstanding 22.73M shares 8.000M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $27.84M $27.60M $1.837M
YoY Change 12.74% 1402.61%
Cash & Equivalents $17.21M $27.50M $1.716M
Short-Term Investments $10.63M $85.00K $121.0K
Other Short-Term Assets $725.0K $721.0K $815.0K
YoY Change -85.01% -11.53%
Inventory $7.168M $12.09M $5.439M
Prepaid Expenses $439.0K $460.0K
Receivables $7.406M $5.065M $2.046M
Other Receivables $0.00 $3.017M $0.00
Total Short-Term Assets $43.14M $48.49M $10.14M
YoY Change -7.07% 378.38%
LONG-TERM ASSETS
Property, Plant & Equipment $204.0K $224.0K $289.0K
YoY Change -23.6% -22.49%
Goodwill
YoY Change
Intangibles $3.032M $3.136M
YoY Change -12.12%
Long-Term Investments
YoY Change
Other Assets $320.0K $393.0K $1.373M
YoY Change 19.4% -71.38%
Total Long-Term Assets $7.744M $6.566M $5.217M
YoY Change 13.92% 25.86%
TOTAL ASSETS
Total Short-Term Assets $43.14M $48.49M $10.14M
Total Long-Term Assets $7.744M $6.566M $5.217M
Total Assets $50.88M $55.06M $15.35M
YoY Change -4.39% 258.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.278M $253.0K $2.029M
YoY Change 94.22% -87.53%
Accrued Expenses $10.86M $9.442M $8.837M
YoY Change 12.53% 6.85%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $20.89M $17.14M $11.29M
YoY Change 51.01% 51.83%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $21.00K $5.646M $21.44M
YoY Change -99.63% -73.67%
Total Long-Term Liabilities $21.00K $5.646M $21.44M
YoY Change -99.63% -73.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $20.89M $17.14M $11.29M
Total Long-Term Liabilities $21.00K $5.646M $21.44M
Total Liabilities $27.01M $32.46M $32.73M
YoY Change -35.52% -0.82%
SHAREHOLDERS EQUITY
Retained Earnings -$79.50M -$76.70M
YoY Change 0.79%
Common Stock $27.00K $23.00K
YoY Change 58.82%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $23.88M $22.60M -$17.38M
YoY Change
Total Liabilities & Shareholders Equity $50.88M $55.06M $15.35M
YoY Change -4.39% 258.6%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$2.785M -$2.566M -$16.01M
YoY Change -80.8% -83.97% 436.42%
Depreciation, Depletion And Amortization $125.0K $131.0K $134.0K
YoY Change -4.58% -2.24% -52.48%
Cash From Operating Activities -$8.271M -$5.941M -$1.217M
YoY Change -60.6% 388.17% -76.07%
INVESTING ACTIVITIES
Capital Expenditures $1.000K -$1.000K $1.000K
YoY Change -111.11% -200.0%
Acquisitions
YoY Change
Other Investing Activities -$2.085M -$3.033M
YoY Change
Cash From Investing Activities -$2.086M -$3.034M $1.000K
YoY Change 23077.78% -303500.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 4.630M -121.0K
YoY Change -100.0% -3926.45% -101.6%
NET CHANGE
Cash From Operating Activities -8.271M -5.941M -1.217M
Cash From Investing Activities -2.086M -3.034M 1.000K
Cash From Financing Activities 0.000 4.630M -121.0K
Net Change In Cash -10.36M -4.345M -1.337M
YoY Change -145.37% 224.98% -154.13%
FREE CASH FLOW
Cash From Operating Activities -$8.271M -$5.941M -$1.217M
Capital Expenditures $1.000K -$1.000K $1.000K
Free Cash Flow -$8.272M -$5.940M -$1.218M
YoY Change -60.57% 387.68% -76.05%

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us-gaap Net Income Loss
NetIncomeLoss
2145000 usd
us-gaap Net Income Loss
NetIncomeLoss
-23208000 usd
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.11
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.00
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.90
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.11
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.00
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.90
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22725821 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19560351 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8000000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22725821 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19605014 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8000000 shares
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
17233000 usd
CY2022Q3 BFRI Stock Issued During Period Value Exercise Of Prefunded Warrants
StockIssuedDuringPeriodValueExerciseOfPrefundedWarrants
2841000 usd
CY2022Q3 BFRI Stock Issued During Period Value Exercise Of Pipe Warrants
StockIssuedDuringPeriodValueExerciseOfPipeWarrants
4686000 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
401000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-2566000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
22595000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
11338000 usd
BFRI Stock Issued During Period Value Private Placement Offering
StockIssuedDuringPeriodValuePrivatePlacementOffering
116000 usd
BFRI Stock Issued During Period Value Exercise Of Prefunded Warrants
StockIssuedDuringPeriodValueExerciseOfPrefundedWarrants
2841000 usd
BFRI Stock Issued During Period Value Exercise Of Pipe Warrants
StockIssuedDuringPeriodValueExerciseOfPipeWarrants
4686000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1469000 usd
us-gaap Net Income Loss
NetIncomeLoss
2145000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
22595000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
-1368000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-16012000 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
-17380000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
5828000 usd
us-gaap Net Income Loss
NetIncomeLoss
-23208000 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
-17380000 usd
us-gaap Net Income Loss
NetIncomeLoss
2145000 usd
us-gaap Net Income Loss
NetIncomeLoss
-23208000 usd
us-gaap Depreciation
Depreciation
80000 usd
us-gaap Depreciation
Depreciation
95000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
314000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
314000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1
4100000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1
-1698000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-15267000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1469000 usd
us-gaap Inventory Write Down
InventoryWriteDown
100000 usd
us-gaap Inventory Write Down
InventoryWriteDown
31000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
111000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
36000 usd
BFRI Noncash Interest Expense
NoncashInterestExpense
268000 usd
BFRI Noncash Interest Expense
NoncashInterestExpense
268000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2111000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1210000 usd
us-gaap Increase Decrease In Due From Other Related Parties Current
IncreaseDecreaseInDueFromOtherRelatedPartiesCurrent
-5145000 usd
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
-4121000 usd
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
-234000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
7728000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1613000 usd
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
3519000 usd
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
308000 usd
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-216000 usd
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
11676000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7928000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5725000 usd
BFRI Disbursement For Loan Receivable
DisbursementForLoanReceivable
3033000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
37000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3070000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
638000 usd
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
9391000 usd
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
4630000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
14021000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-638000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3023000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6365000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
24742000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
8278000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
27765000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1913000 usd
us-gaap Interest Paid Net
InterestPaidNet
10000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
30000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
9000 usd
BFRI Deferred Offering Costs Included In Accrued Expenses And Other Liabilities
DeferredOfferingCostsIncludedInAccruedExpensesAndOtherLiabilities
460000 usd
BFRI Noncash Purchase Of Fixed Assets Included In Accounts Payable And Related Party Payable
NoncashPurchaseOfFixedAssetsIncludedInAccountsPayableAndRelatedPartyPayable
13000 usd
us-gaap Embedded Derivative No Longer Bifurcated Amount Reclassified To Stockholders Equity
EmbeddedDerivativeNoLongerBifurcatedAmountReclassifiedToStockholdersEquity
6840000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
27500000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
24500000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-13000000.0 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-23300000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7900000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5700000 usd
CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-76700000 usd
CY2022Q3 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
5600000 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_840_eus-gaap--UseOfEstimates_zz08Crr7RyT5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86E_zC4aQSwxuNc1">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the financial statements in accordance with U.S. GAAP requires the use of estimates and assumptions by management that affect the reported amounts of assets and liabilities, as well as disclosure of contingent assets and liabilities, as reported on the balance sheet date, and the reported amounts of revenues and expenses arising during the reporting period. The main areas in which assumptions, estimates and the exercising of judgment are appropriate relate to, valuation allowances for receivables and inventory, valuation of contingent consideration and warrant liabilities, realization of intangible and other long-lived assets, product sales allowances and reserves, share-based payments and income taxes including deferred tax assets and liabilities. Estimates are based on historical experience and other assumptions that are considered appropriate in the circumstances. They are continuously reviewed but may vary from the actual values.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q3 us-gaap Asset Acquisition Contingent Consideration Liability
AssetAcquisitionContingentConsiderationLiability
2100000 usd
CY2021Q4 us-gaap Asset Acquisition Contingent Consideration Liability
AssetAcquisitionContingentConsiderationLiability
6200000 usd
CY2022Q3 BFRI Startup Cost Financing
StartupCostFinancing
7300000 usd
CY2021Q4 BFRI Startup Cost Financing
StartupCostFinancing
7300000 usd
CY2022Q3 BFRI Contract Asset
ContractAsset
-447000 usd
CY2021Q4 BFRI Contract Asset
ContractAsset
-716000 usd
CY2022Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
8953000 usd
CY2021Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
12784000 usd
CY2020Q4 BFRI Revenue From Contract With Customer Allowances And Reserves
RevenueFromContractWithCustomerAllowancesAndReserves
327000 usd
BFRI Revenue From Contract With Customer Allowances And Reserves Provision Related To Current Period
RevenueFromContractWithCustomerAllowancesAndReservesProvisionRelatedToCurrentPeriod
338000 usd
BFRI Revenue From Contract With Customer Allowances And Reserves Credit Payments Made During Period
RevenueFromContractWithCustomerAllowancesAndReservesCreditPaymentsMadeDuringPeriod
523000 usd
CY2021Q3 BFRI Revenue From Contract With Customer Allowances And Reserves
RevenueFromContractWithCustomerAllowancesAndReserves
142000 usd
CY2020Q4 us-gaap Asset Acquisition Contingent Consideration Liability
AssetAcquisitionContingentConsiderationLiability
7602000 usd
BFRI Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability
1698000 usd
CY2021Q3 us-gaap Asset Acquisition Contingent Consideration Liability
AssetAcquisitionContingentConsiderationLiability
9300000 usd
CY2021Q4 us-gaap Asset Acquisition Contingent Consideration Liability
AssetAcquisitionContingentConsiderationLiability
6200000 usd
BFRI Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability
-4100000 usd
CY2022Q3 us-gaap Asset Acquisition Contingent Consideration Liability
AssetAcquisitionContingentConsiderationLiability
2100000 usd
CY2022Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.66
CY2022Q3 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
2000 usd
CY2021Q4 BFRI Fair Value Warrant Liability Purchase Warrant
FairValueWarrantLiabilityPurchaseWarrant
12854000 usd
BFRI Fair Value Warrant Issuance Of New Derivative Liabilities
FairValueWarrantIssuanceOfNewDerivativeLiabilities
13217000 usd
BFRI Fair Value Warrant Exercise Of Derivative Liabilities
FairValueWarrantExerciseOfDerivativeLiabilities
-6840000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-15267000 usd
CY2022Q3 BFRI Fair Value Warrant Liability Purchase Warrant
FairValueWarrantLiabilityPurchaseWarrant
3964000 usd
CY2021Q4 BFRI Revenue From Contract With Customer Allowances And Reserves
RevenueFromContractWithCustomerAllowancesAndReserves
246000 usd
BFRI Revenue From Contract With Customer Allowances And Reserves Provision Related To Current Period
RevenueFromContractWithCustomerAllowancesAndReservesProvisionRelatedToCurrentPeriod
691000 usd
BFRI Revenue From Contract With Customer Allowances And Reserves Credit Payments Made During Period
RevenueFromContractWithCustomerAllowancesAndReservesCreditPaymentsMadeDuringPeriod
577000 usd
CY2022Q3 BFRI Revenue From Contract With Customer Allowances And Reserves
RevenueFromContractWithCustomerAllowancesAndReserves
360000 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
100000 usd
CY2022Q3 BFRI Legal Settlements Receivable Percentage
LegalSettlementsReceivablePercentage
0.50 pure
CY2022Q3 us-gaap Other Receivables
OtherReceivables
200000 usd
CY2022Q3 BFRI Loan Receivable Short Term
LoanReceivableShortTerm
3017000 usd
CY2021Q4 BFRI Receivable For Common Stock Warrants Proceeds
ReceivableForCommonStockWarrantsProceeds
3258000 usd
CY2022Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
460000 usd
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
824000 usd
CY2022Q3 us-gaap Deposit Assets
DepositAssets
85000 usd
CY2021Q4 us-gaap Deposit Assets
DepositAssets
149000 usd
CY2022Q3 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
261000 usd
CY2021Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
756000 usd
CY2022Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
3823000 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4987000 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
709000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
673000 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
485000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
406000 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
224000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
267000 usd
us-gaap Depreciation
Depreciation
100000 usd
us-gaap Depreciation
Depreciation
100000 usd
CY2022Q3 us-gaap Finite Lived License Agreements Gross
FiniteLivedLicenseAgreementsGross
4600000 usd
CY2021Q4 us-gaap Finite Lived License Agreements Gross
FiniteLivedLicenseAgreementsGross
4600000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1464000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1150000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3136000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3450000 usd
CY2022Q3 us-gaap Finite Lived License Agreements Gross
FiniteLivedLicenseAgreementsGross
4600000 usd
us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P11Y
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
100000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
300000 usd
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
100000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
300000 usd
CY2022Q3 BFRI Legal Settlement Expenses
LegalSettlementExpenses
5625000 usd
CY2021Q4 BFRI Legal Settlement Expenses
LegalSettlementExpenses
5625000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
27518000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
24545000 usd
CY2022Q3 us-gaap Restricted Cash Equivalents Current
RestrictedCashEquivalentsCurrent
47000 usd
CY2021Q4 us-gaap Restricted Cash Equivalents Current
RestrictedCashEquivalentsCurrent
47000 usd
CY2022Q3 us-gaap Restricted Cash Equivalents Noncurrent
RestrictedCashEquivalentsNoncurrent
200000 usd
CY2021Q4 us-gaap Restricted Cash Equivalents Noncurrent
RestrictedCashEquivalentsNoncurrent
150000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
27765000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24742000 usd
CY2022Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2243000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2384000 usd
CY2022Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
676000 usd
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
570000 usd
CY2022Q3 BFRI Accrued Product Revenue Allowances And Reserves
AccruedProductRevenueAllowancesAndReserves
360000 usd
CY2021Q4 BFRI Accrued Product Revenue Allowances And Reserves
AccruedProductRevenueAllowancesAndReserves
246000 usd
CY2022Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
538000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
829000 usd
CY2022Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
9442000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
9654000 usd
CY2022Q3 BFRI Legal Settlement Expenses
LegalSettlementExpenses
5625000 usd
CY2021Q4 BFRI Legal Settlement Expenses
LegalSettlementExpenses
5625000 usd
CY2022Q3 BFRI Other Liability Noncurrent
OtherLiabilityNoncurrent
21000 usd
CY2021Q4 BFRI Other Liability Noncurrent
OtherLiabilityNoncurrent
24000 usd
CY2022Q3 us-gaap Other Liabilities
OtherLiabilities
5646000 usd
CY2021Q4 us-gaap Other Liabilities
OtherLiabilities
5649000 usd
CY2022Q3 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 usd
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 usd
CY2021Q3 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 usd
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 usd
CY2022Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
0 usd
CY2021Q3 us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
200000 usd
us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
500000 usd
CY2022Q3 BFRI Legal Settlements Receivable Percentage
LegalSettlementsReceivablePercentage
0.50 pure
us-gaap Restructuring Costs
RestructuringCosts
0 usd
CY2021Q3 us-gaap Restructuring Costs
RestructuringCosts
200000 usd
us-gaap Restructuring Costs
RestructuringCosts
700000 usd
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q3 us-gaap Restructuring Costs
RestructuringCosts
0 usd
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2020Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
2857143 shares
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
4285715 shares
CY2022Q3 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
4600000 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
613614000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.77
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1290489000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
2.41
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
63946000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
4.77
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1840157000 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.11
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P9Y6M7D
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
6000 usd
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
29332000 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
2.61
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P9Y7M17D
CY2022Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
2600000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y6M
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
CY2022Q3 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
3000 usd
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
10000 usd
CY2022Q3 BFRI Contract Asset Interest Expense
ContractAssetInterestExpense
89000 usd
CY2021Q3 BFRI Contract Asset Interest Expense
ContractAssetInterestExpense
90000 usd
BFRI Contract Asset Interest Expense
ContractAssetInterestExpense
268000 usd
BFRI Contract Asset Interest Expense
ContractAssetInterestExpense
268000 usd
CY2022Q3 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
1000 usd
us-gaap Interest Income Related Party
InterestIncomeRelatedParty
110000 usd
CY2022Q3 us-gaap Interest Income Other
InterestIncomeOther
2000 usd
CY2021Q3 us-gaap Interest Income Other
InterestIncomeOther
4000 usd
us-gaap Interest Income Other
InterestIncomeOther
8000 usd
us-gaap Interest Income Other
InterestIncomeOther
13000 usd
CY2022Q3 us-gaap Interest Expense
InterestExpense
89000 usd
CY2021Q3 us-gaap Interest Expense
InterestExpense
86000 usd
us-gaap Interest Expense
InterestExpense
160000 usd
us-gaap Interest Expense
InterestExpense
255000 usd
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.90
CY2021Q3 BFRI Reimbursed Costs
ReimbursedCosts
188000 usd
BFRI Reimbursed Costs
ReimbursedCosts
472000 usd
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.11
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.00
CY2022Q3 BFRI Other Nonoperating Income Net
OtherNonoperatingIncomeNet
-22000 usd
CY2021Q3 BFRI Other Nonoperating Income Net
OtherNonoperatingIncomeNet
-3000 usd
BFRI Other Nonoperating Income Net
OtherNonoperatingIncomeNet
30000 usd
BFRI Other Nonoperating Income Net
OtherNonoperatingIncomeNet
-53000 usd
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-22000 usd
CY2021Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
185000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
30000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
419000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-2566000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-16012000 usd
us-gaap Net Income Loss
NetIncomeLoss
2145000 usd
us-gaap Net Income Loss
NetIncomeLoss
-23208000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22725821 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19560351 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8000000 shares
BFRI Stock Options And Restricted Stock Units
StockOptionsAndRestrictedStockUnits
44663 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22725821 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19605014 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8000000 shares
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.11
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.00
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.90
CY2022Q3 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear
164000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
565000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
541000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
389000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1659000 usd
CY2021Q4 us-gaap Loss Contingency Settlement Agreement Terms
LossContingencySettlementAgreementTerms
the Company entered into a settlement and release agreement with respect to a lawsuit filed March 23, 2018
CY2021Q4 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
22500000 usd
CY2021Q4 us-gaap Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
11300000 usd
us-gaap Loss Contingency Settlement Agreement Terms
LossContingencySettlementAgreementTerms
aggregate settlement amount, plus interest accrued at a rate equal to the weekly average one-year constant maturity Treasury yield and agreed to pay in three annual installments
CY2022Q3 BFRI Legal Settlement Liability
LegalSettlementLiability
11300000 usd
CY2022Q3 us-gaap Loss Contingency Receivable
LossContingencyReceivable
5600000 usd
us-gaap Description Of Nature And Effect Of Significant Changes During Period Affecting Comparability
DescriptionOfNatureAndEffectOfSignificantChangesDuringPeriodAffectingComparability
The Company matches 50% of employee contributions up to a maximum of 6% of employees’ salary
CY2022Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
100000 usd
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
200000 usd
CY2021Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
100000 usd
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
200000 usd

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