2023 Q3 Form 10-Q Financial Statement

#000149315223027701 Filed on August 11, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $8.896M $5.848M $4.457M
YoY Change 105.83% 31.21% -23.88%
Cost Of Revenue $4.590M $2.888M $2.554M
YoY Change 106.29% 13.08% -17.82%
Gross Profit $4.310M $2.960M $1.903M
YoY Change 105.53% 55.54% -30.72%
Gross Profit Margin 48.45% 50.62% 42.7%
Selling, General & Admin $8.619M $11.46M $9.669M
YoY Change 11.0% 18.48% 74.15%
% of Gross Profit 199.98% 387.03% 508.09%
Research & Development $33.00K $11.00K
YoY Change
% of Gross Profit 0.77% 0.37%
Depreciation & Amortization $130.0K $126.0K $26.00K
YoY Change -0.76% 384.62% -21.21%
% of Gross Profit 3.02% 4.26% 1.37%
Operating Expenses $13.52M $14.55M $10.67M
YoY Change 69.78% 36.35% 11.81%
Operating Profit -$4.620M -$8.699M -$6.212M
YoY Change 26.96% 40.04% 68.48%
Interest Expense $142.0K $79.00K $38.00K
YoY Change 59.55% 107.89% -55.29%
% of Operating Profit
Other Income/Expense, Net -$1.721M -$1.124M $5.362M
YoY Change -260.24% -120.96% 7560.0%
Pretax Income -$6.341M -$9.823M -$850.0K
YoY Change 147.21% 1055.65% -76.5%
Income Tax $1.000K $14.00K
% Of Pretax Income
Net Earnings -$6.342M -$9.837M -$850.0K
YoY Change 147.16% 1057.29% -76.78%
Net Earnings / Revenue -71.29% -168.21% -19.07%
Basic Earnings Per Share -$4.64 -$7.23 -$0.05
Diluted Earnings Per Share -$4.64 -$7.23 -$0.05
COMMON SHARES
Basic Shares Outstanding 1.368M shares 26.70M shares 18.82M shares
Diluted Shares Outstanding 1.367M shares 1.361M shares 18.82M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.760M $10.39M $32.04M
YoY Change -75.51% -67.58% 909.8%
Cash & Equivalents $3.422M $4.453M $31.91M
Short-Term Investments $3.340M $5.935M $128.0K
Other Short-Term Assets $270.0K $929.0K $1.086M
YoY Change -62.55% -14.46% 2.94%
Inventory $16.07M $14.79M $8.808M
Prepaid Expenses $599.0K
Receivables $6.510M $6.194M $5.046M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $29.61M $32.30M $46.98M
YoY Change -38.94% -31.26% 269.06%
LONG-TERM ASSETS
Property, Plant & Equipment $154.0K $175.0K $248.0K
YoY Change -31.25% -29.44% -21.02%
Goodwill
YoY Change
Intangibles $2.718M $2.823M $3.241M
YoY Change -13.33% -12.9%
Long-Term Investments
YoY Change
Other Assets $490.0K $504.0K $343.0K
YoY Change 24.68% 46.94% -65.42%
Total Long-Term Assets $4.493M $4.609M $6.645M
YoY Change -31.57% -30.64% 33.84%
TOTAL ASSETS
Total Short-Term Assets $29.61M $32.30M $46.98M
Total Long-Term Assets $4.493M $4.609M $6.645M
Total Assets $34.10M $36.91M $53.63M
YoY Change -38.06% -31.18% 203.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.620M $1.243M $931.0K
YoY Change 3307.11% 33.51% -0.11%
Accrued Expenses $11.04M $10.74M $9.413M
YoY Change 16.91% 14.06% 304.86%
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 $29.12M $25.35M $14.88M
YoY Change 69.89% 70.42% 269.04%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $38.00K $40.00K $5.650M
YoY Change -99.33% -99.29% -62.41%
Total Long-Term Liabilities $38.00K $40.00K $5.650M
YoY Change -99.33% -99.29% -62.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $29.12M $25.35M $14.88M
Total Long-Term Liabilities $38.00K $40.00K $5.650M
Total Liabilities $33.07M $29.73M $36.39M
YoY Change 1.85% -18.3% 90.92%
SHAREHOLDERS EQUITY
Retained Earnings -$103.2M -$96.80M -$74.20M
YoY Change 34.55% 30.46%
Common Stock $1.000K $27.00K $19.00K
YoY Change -95.65% 42.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.038M $7.173M $17.23M
YoY Change
Total Liabilities & Shareholders Equity $34.10M $36.91M $53.63M
YoY Change -38.06% -31.18% 203.06%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income -$6.342M -$9.837M -$850.0K
YoY Change 147.16% 1057.29% -76.78%
Depreciation, Depletion And Amortization $130.0K $126.0K $26.00K
YoY Change -0.76% 384.62% -21.21%
Cash From Operating Activities -$2.000M -$10.34M $125.0K
YoY Change -66.34% -8368.8% -111.74%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 -$31.00K
YoY Change -100.0% -100.0% 933.33%
Acquisitions
YoY Change
Other Investing Activities $380.0K $178.0K
YoY Change -112.53%
Cash From Investing Activities $390.0K $178.0K -$31.00K
YoY Change -112.85% -674.19% 933.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 590.0K 1.106M 9.391M
YoY Change -87.26% -88.22% -1916.44%
NET CHANGE
Cash From Operating Activities -2.000M -10.34M 125.0K
Cash From Investing Activities 390.0K 178.0K -31.00K
Cash From Financing Activities 590.0K 1.106M 9.391M
Net Change In Cash -1.020M -9.052M 9.485M
YoY Change -76.52% -195.43% -698.42%
FREE CASH FLOW
Cash From Operating Activities -$2.000M -$10.34M $125.0K
Capital Expenditures $0.00 $0.00 -$31.00K
Free Cash Flow -$2.000M -$10.34M $156.0K
YoY Change -66.33% -6725.64% -114.69%

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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
30000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
52000 usd
CY2023Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1124000 usd
CY2022Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
5362000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-3105000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
14063000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-9823000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-850000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-17295000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4741000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
30000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-9837000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-850000 usd
us-gaap Net Income Loss
NetIncomeLoss
-17315000 usd
us-gaap Net Income Loss
NetIncomeLoss
4711000 usd
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-7.23
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.90
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-12.73
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.24
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-7.23
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.90
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-12.73
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.22
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1360739 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
941175 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1359894 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
898444 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1360739 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
941175 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1359894 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
902209 shares
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
16751000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
259000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-9837000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
7173000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
23878000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
610000 usd
us-gaap Net Income Loss
NetIncomeLoss
-17315000 usd
us-gaap Net Income Loss
NetIncomeLoss
-17315000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
7173000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
17416000 usd
CY2022Q2 BFRI Stock Issued During Period Value Private Placement Issuance Costs
StockIssuedDuringPeriodValuePrivatePlacementIssuanceCosts
116000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
551000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-850000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
17233000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
11338000 usd
BFRI Stock Issued During Period Value Private Placement Issuance Costs
StockIssuedDuringPeriodValuePrivatePlacementIssuanceCosts
116000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1068000 usd
us-gaap Net Income Loss
NetIncomeLoss
4711000 usd
us-gaap Net Income Loss
NetIncomeLoss
4711000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
17233000 usd
us-gaap Net Income Loss
NetIncomeLoss
-17315000 usd
us-gaap Net Income Loss
NetIncomeLoss
4711000 usd
us-gaap Depreciation
Depreciation
44000 usd
us-gaap Depreciation
Depreciation
54000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
265000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
209000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
209000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-4424000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-100000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-1900000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-1403000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-14082000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
610000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1068000 usd
us-gaap Inventory Write Down
InventoryWriteDown
100000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
64000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
133000 usd
BFRI Noncash Interest Expense
NoncashInterestExpense
190000 usd
BFRI Noncash Interest Expense
NoncashInterestExpense
179000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1491000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1650000 usd
us-gaap Increase Decrease In Due From Other Related Parties Current
IncreaseDecreaseInDueFromOtherRelatedPartiesCurrent
-2397000 usd
us-gaap Increase Decrease In Due From Other Related Parties Current
IncreaseDecreaseInDueFromOtherRelatedPartiesCurrent
-5602000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
302000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-3698000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
7617000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4449000 usd
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
3380000 usd
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
1280000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-255000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-107000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-240000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-14025000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1987000 usd
us-gaap Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
178000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
36000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
164000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-36000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
5700000 usd
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
9391000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
4594000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1106000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
9391000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-12755000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7368000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
17408000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
24742000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4653000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
32110000 usd
us-gaap Interest Paid Net
InterestPaidNet
4000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
30000 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4500000 usd
CY2023Q2 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
5900000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17200000 usd
CY2022Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
10500000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-14200000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-9300000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-14000000.0 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2000000.0 usd
CY2023Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-96800000 usd
CY2023Q2 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
2400000 usd
CY2023Q3 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1-for-20
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_846_eus-gaap--UseOfEstimates_zRulWTEKbB49" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86B_zLzmNAwnJGpd">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; 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-top: 0pt; margin-bottom: 0pt; 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-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q2 us-gaap Asset Acquisition Contingent Consideration Liability
AssetAcquisitionContingentConsiderationLiability
2300000 usd
CY2022Q4 us-gaap Asset Acquisition Contingent Consideration Liability
AssetAcquisitionContingentConsiderationLiability
2400000 usd
CY2023Q2 us-gaap Asset Acquisition Contingent Consideration Liability
AssetAcquisitionContingentConsiderationLiability
2300000 usd
CY2022Q4 us-gaap Asset Acquisition Contingent Consideration Liability
AssetAcquisitionContingentConsiderationLiability
2400000 usd
CY2023Q2 BFRI Startup Cost Financing
StartupCostFinancing
7300000 usd
CY2022Q4 BFRI Startup Cost Financing
StartupCostFinancing
7300000 usd
CY2023Q2 BFRI Contract Asset
ContractAsset
-179000 usd
CY2022Q4 BFRI Contract Asset
ContractAsset
-358000 usd
CY2023Q2 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
9421000 usd
CY2022Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
9342000 usd
CY2023Q2 BFRI Stock Issued During Period Shares Investment In Equity Securities
StockIssuedDuringPeriodSharesInvestmentInEquitySecurities
6280396 shares
CY2022Q4 BFRI Stock Issued During Period Shares Investment In Equity Securities
StockIssuedDuringPeriodSharesInvestmentInEquitySecurities
6446946 shares
CY2022Q4 us-gaap Asset Acquisition Contingent Consideration Liability
AssetAcquisitionContingentConsiderationLiability
2400000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-100000 usd
CY2023Q2 us-gaap Asset Acquisition Contingent Consideration Liability
AssetAcquisitionContingentConsiderationLiability
2300000 usd
CY2021Q4 us-gaap Asset Acquisition Contingent Consideration Liability
AssetAcquisitionContingentConsiderationLiability
6200000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-1900000 usd
CY2022Q2 us-gaap Asset Acquisition Contingent Consideration Liability
AssetAcquisitionContingentConsiderationLiability
4300000 usd
CY2022Q4 BFRI Fair Value Warrant Liability Purchase Warrant
FairValueWarrantLiabilityPurchaseWarrant
2843000 usd
CY2021Q4 BFRI Fair Value Warrant Liability Purchase Warrant
FairValueWarrantLiabilityPurchaseWarrant
12854000 usd
BFRI Fair Value Warrant Issuance Of New Derivative Liabilities
FairValueWarrantIssuanceOfNewDerivativeLiabilities
9274000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-1403000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-14082000 usd
CY2023Q2 BFRI Fair Value Warrant Liability Purchase Warrant
FairValueWarrantLiabilityPurchaseWarrant
1440000 usd
CY2022Q2 BFRI Fair Value Warrant Liability Purchase Warrant
FairValueWarrantLiabilityPurchaseWarrant
8046000 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
525000 usd
BFRI Revenue From Contract With Customer Allowances And Reserves Credit Payments Made During Period
RevenueFromContractWithCustomerAllowancesAndReservesCreditPaymentsMadeDuringPeriod
440000 usd
CY2022Q2 BFRI Revenue From Contract With Customer Allowances And Reserves
RevenueFromContractWithCustomerAllowancesAndReserves
331000 usd
CY2022Q4 BFRI Revenue From Contract With Customer Allowances And Reserves
RevenueFromContractWithCustomerAllowancesAndReserves
82000 usd
CY2022Q4 BFRI Revenue From Contract With Customer Allowances And Reserves
RevenueFromContractWithCustomerAllowancesAndReserves
82000 usd
BFRI Revenue From Contract With Customer Allowances And Reserves Provision Related To Current Period
RevenueFromContractWithCustomerAllowancesAndReservesProvisionRelatedToCurrentPeriod
202000 usd
BFRI Revenue From Contract With Customer Allowances And Reserves Credit Payments Made During Period
RevenueFromContractWithCustomerAllowancesAndReservesCreditPaymentsMadeDuringPeriod
132000 usd
CY2023Q2 BFRI Revenue From Contract With Customer Allowances And Reserves
RevenueFromContractWithCustomerAllowancesAndReserves
152000 usd
CY2023Q2 BFRI Revenue From Contract With Customer Allowances And Reserves
RevenueFromContractWithCustomerAllowancesAndReserves
152000 usd
CY2023Q2 BFRI Stock Issued During Period Shares Investment In Equity Securities
StockIssuedDuringPeriodSharesInvestmentInEquitySecurities
6280396 shares
CY2022Q4 BFRI Stock Issued During Period Shares Investment In Equity Securities
StockIssuedDuringPeriodSharesInvestmentInEquitySecurities
6446946 shares
us-gaap Equity Method Investment Additional Information
EquityMethodInvestmentAdditionalInformation
3,377,346
us-gaap Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
200000 usd
CY2023Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1482000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-4424000 usd
CY2023Q2 BFRI Net Losses Recognized During Period On Equity Securities Sold
NetLossesRecognizedDuringPeriodOnEquitySecuritiesSold
-75000 usd
BFRI Net Losses Recognized During Period On Equity Securities Sold
NetLossesRecognizedDuringPeriodOnEquitySecuritiesSold
-75000 usd
CY2023Q2 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-1407000 usd
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-4349000 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
200000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
100000 usd
CY2023Q2 us-gaap Finite Lived License Agreements Gross
FiniteLivedLicenseAgreementsGross
4600000 usd
CY2022Q4 us-gaap Finite Lived License Agreements Gross
FiniteLivedLicenseAgreementsGross
4600000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1777000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1568000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2823000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3032000 usd
CY2023Q2 us-gaap Finite Lived License Agreements Gross
FiniteLivedLicenseAgreementsGross
4600000 usd
CY2023Q2 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P11Y
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
100000 usd
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
100000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
200000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
200000 usd
CY2023Q2 us-gaap Security Deposit
SecurityDeposit
250000 usd
CY2023Q2 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
4200000 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4453000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17208000 usd
CY2023Q2 us-gaap Restricted Cash Equivalents Noncurrent
RestrictedCashEquivalentsNoncurrent
200000 usd
CY2022Q4 us-gaap Restricted Cash Equivalents Noncurrent
RestrictedCashEquivalentsNoncurrent
200000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4653000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17408000 usd
CY2023Q2 BFRI Legal Settlement Expenses Current
LegalSettlementExpensesCurrent
6094000 usd
CY2022Q4 BFRI Legal Settlement Expenses Current
LegalSettlementExpensesCurrent
6207000 usd
CY2023Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2816000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2850000 usd
CY2023Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1163000 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1353000 usd
CY2023Q2 BFRI Accrued Product Revenue Allowances And Reserves
AccruedProductRevenueAllowancesAndReserves
152000 usd
CY2022Q4 BFRI Accrued Product Revenue Allowances And Reserves
AccruedProductRevenueAllowancesAndReserves
82000 usd
CY2023Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
511000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
372000 usd
CY2023Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
10736000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
10864000 usd
us-gaap Line Of Credit Facility Annual Principal Payment
LineOfCreditFacilityAnnualPrincipalPayment
650000 usd
CY2023Q2 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.0531 pure
CY2023Q2 us-gaap Line Of Credit
LineOfCredit
200000 usd
CY2023Q2 BFRI Legal Settlements Receivable Percentage
LegalSettlementsReceivablePercentage
0.50 pure
us-gaap Equity Method Investment Additional Information
EquityMethodInvestmentAdditionalInformation
3,377,346
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
15000000 shares
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2020Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000 pure
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
86951 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
62.16
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
22477 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
13.98
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
20419 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
54.14
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
89009 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
51.84
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y7M24D
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
13000 usd
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
26042000 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
64.95
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P7Y6M14D
CY2023Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
1400000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y1M6D
CY2023Q2 BFRI Interest Expenses
InterestExpenses
32000 usd
CY2022Q2 BFRI Interest Expenses
InterestExpenses
3000 usd
BFRI Interest Expenses
InterestExpenses
33000 usd
BFRI Interest Expenses
InterestExpenses
7000 usd
CY2023Q2 BFRI Contract Asset Interest Expense
ContractAssetInterestExpense
89000 usd
CY2022Q2 BFRI Contract Asset Interest Expense
ContractAssetInterestExpense
89000 usd
BFRI Contract Asset Interest Expense
ContractAssetInterestExpense
179000 usd
BFRI Contract Asset Interest Expense
ContractAssetInterestExpense
179000 usd
CY2023Q2 us-gaap Interest Income Operating
InterestIncomeOperating
40000 usd
CY2022Q2 us-gaap Interest Income Operating
InterestIncomeOperating
53000 usd
us-gaap Interest Income Operating
InterestIncomeOperating
94000 usd
us-gaap Interest Income Operating
InterestIncomeOperating
110000 usd
CY2023Q2 us-gaap Interest Income Other
InterestIncomeOther
2000 usd
CY2022Q2 us-gaap Interest Income Other
InterestIncomeOther
1000 usd
us-gaap Interest Income Other
InterestIncomeOther
4000 usd
us-gaap Interest Income Other
InterestIncomeOther
5000 usd
CY2023Q2 us-gaap Interest Expense
InterestExpense
79000 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
38000 usd
us-gaap Interest Expense
InterestExpense
114000 usd
us-gaap Interest Expense
InterestExpense
71000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-9837000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-850000 usd
us-gaap Net Income Loss
NetIncomeLoss
-17315000 usd
us-gaap Net Income Loss
NetIncomeLoss
4711000 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1360739 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
941175 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1359894 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
898444 shares
BFRI Stock Options And Restricted Stock Units
StockOptionsAndRestrictedStockUnits
3765 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1360739 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
941175 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1359894 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
902209 shares
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-7.23
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.90
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-12.73
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.24
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-7.23
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.90
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-12.73
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.22
us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
option to extend the term of the lease for one five (5) year period
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
265000 usd
BFRI Interest On Lease Liabilities
InterestOnLeaseLiabilities
37000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
302000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
293000 usd
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y29D
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0631 pure
CY2023Q2 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear
270000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
541000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
350000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1161000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
72000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
1089000 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
489000 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
600000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
1089000 usd
CY2021Q4 us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
22500000 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.
CY2023Q2 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
100000 usd
CY2022Q2 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
100000 usd
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
200000 usd
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
100000 usd
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
15000000 shares
CY2023Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
100.00

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