2024 Q1 Form 10-K Financial Statement

#000149315224010133 Filed on March 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $7.912M $10.60M $34.07M
YoY Change -9.4% 4.46% 18.82%
Cost Of Revenue $4.116M $5.368M $17.44M
YoY Change -10.48% 2.13% 14.88%
Gross Profit $3.796M $5.228M $16.63M
YoY Change -8.2% 6.96% 23.26%
Gross Profit Margin 47.98% 49.34% 48.8%
Selling, General & Admin $9.250M $9.060M $37.80M
YoY Change -5.61% -11.25% 7.58%
% of Gross Profit 243.68% 173.3% 227.35%
Research & Development $17.00K $77.00K
YoY Change
% of Gross Profit 0.45% 0.46%
Depreciation & Amortization $21.00K $125.0K $504.0K
YoY Change -4.55% 0.0% 404.0%
% of Gross Profit 0.55% 2.39% 3.03%
Operating Expenses $13.38M $9.060M $38.00M
YoY Change -5.95% -13.78% -19.58%
Operating Profit -$5.467M -$3.832M -$21.38M
YoY Change -0.6% -31.81% 15.04%
Interest Expense $1.421M -$998.0K -$7.889M
YoY Change 70950.0% 2751.43% -4145.64%
% of Operating Profit
Other Income/Expense, Net -$4.969M $998.0K $3.064M
YoY Change 150.83% -65.24% -82.95%
Pretax Income -$10.44M $3.520M -$20.12M
YoY Change 39.65% -226.44% 3208.72%
Income Tax $1.000K -$6.000K $14.00K
% Of Pretax Income -0.17%
Net Earnings -$10.44M $3.526M -$20.13M
YoY Change 39.57% -226.61% 3045.47%
Net Earnings / Revenue -131.91% 33.28% -59.09%
Basic Earnings Per Share -$2.88 -$13.02
Diluted Earnings Per Share -$2.88 $2.28 -$13.02
COMMON SHARES
Basic Shares Outstanding 5.089M shares 1.518M shares 1.546M shares
Diluted Shares Outstanding 3.624M shares 1.546M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.840M $1.421M $1.421M
YoY Change -81.8% -94.9% -94.9%
Cash & Equivalents $3.817M $1.343M $1.343M
Short-Term Investments $23.00K $78.00K $78.00K
Other Short-Term Assets $5.719M $5.584M $5.584M
YoY Change 260.59% 670.21% 670.21%
Inventory $6.905M $10.91M $10.91M
Prepaid Expenses $305.0K
Receivables $3.691M $5.162M $5.162M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $20.16M $23.08M $23.08M
YoY Change -45.85% -46.51% -46.51%
LONG-TERM ASSETS
Property, Plant & Equipment $120.0K $1.746M $1.746M
YoY Change -39.09% 755.88% 10.58%
Goodwill
YoY Change
Intangibles $2.556M $2.629M
YoY Change -12.68% -13.29%
Long-Term Investments
YoY Change
Other Assets $328.0K $482.0K $482.0K
YoY Change -14.58% 50.63% 50.63%
Total Long-Term Assets $4.420M $4.857M $4.857M
YoY Change -6.79% -37.28% -37.28%
TOTAL ASSETS
Total Short-Term Assets $20.16M $23.08M $23.08M
Total Long-Term Assets $4.420M $4.857M $4.857M
Total Assets $24.58M $27.93M $27.93M
YoY Change -41.44% -45.11% -45.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.761M $9.006M $9.006M
YoY Change 662.23% 604.69% 247.72%
Accrued Expenses $4.230M $4.492M $4.492M
YoY Change -62.01% -58.65% -59.13%
Deferred Revenue
YoY Change
Short-Term Debt $2.355M $3.904M $3.904M
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $14.04M $18.09M $18.09M
YoY Change -31.36% -13.43% -13.43%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $33.00K $5.051M $5.051M
YoY Change 37.5% 23952.38% -17.36%
Total Long-Term Liabilities $33.00K $5.051M $5.051M
YoY Change 37.5% 23952.38% -17.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.04M $18.09M $18.09M
Total Long-Term Liabilities $33.00K $5.051M $5.051M
Total Liabilities $26.42M $23.14M $23.14M
YoY Change 4.79% -14.32% -14.32%
SHAREHOLDERS EQUITY
Retained Earnings -$110.1M -$99.70M
YoY Change 26.55% 25.41%
Common Stock $5.000K $2.000K
YoY Change -81.48% -92.59%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$5.416M $4.793M $4.793M
YoY Change
Total Liabilities & Shareholders Equity $24.58M $27.93M $27.93M
YoY Change -41.44% -45.11% -45.11%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$10.44M $3.526M -$20.13M
YoY Change 39.57% -226.61% 3045.47%
Depreciation, Depletion And Amortization $21.00K $125.0K $504.0K
YoY Change -4.55% 0.0% 404.0%
Cash From Operating Activities -$3.325M -$8.866M -$24.90M
YoY Change -10.14% 7.19% 53.67%
INVESTING ACTIVITIES
Capital Expenditures $57.00K -$9.000K $5.000K
YoY Change 307.14% -1000.0% -86.84%
Acquisitions
YoY Change
Other Investing Activities $57.00K $64.00K $624.0K
YoY Change -103.07% -112.19%
Cash From Investing Activities $73.00K $619.0K
YoY Change -103.5% -112.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $4.507M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $5.799M 6.714M 8.411M
YoY Change -40.01%
NET CHANGE
Cash From Operating Activities -$3.325M -8.866M -24.90M
Cash From Investing Activities 73.00K 619.0K
Cash From Financing Activities $5.799M 6.714M 8.411M
Net Change In Cash $2.474M -2.079M -15.87M
YoY Change -166.81% -79.93% 116.32%
FREE CASH FLOW
Cash From Operating Activities -$3.325M -$8.866M -$24.90M
Capital Expenditures $57.00K -$9.000K $5.000K
Free Cash Flow -$3.382M -$8.857M -$24.90M
YoY Change -8.94% 7.07% 53.34%

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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-20117000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-608000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
32000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-20131000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-640000 usd
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-13.02
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-13.02
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.61
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.61
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1546297 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1546297 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1056988 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1056988 shares
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
11338000 usd
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
3683000 usd
CY2022 BFRI Stock Issued During Period Value Private Placement Offering
StockIssuedDuringPeriodValuePrivatePlacementOffering
117000 usd
CY2022 BFRI Stock Issued During Period Value Exercise Of Prefunded Warrants
StockIssuedDuringPeriodValueExerciseOfPrefundedWarrants
2842000 usd
CY2022 BFRI Stock Issued During Period Value Exercise Of Pipe Warrants
StockIssuedDuringPeriodValueExerciseOfPipeWarrants
4686000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1852000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-640000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
23878000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
23878000 usd
CY2023 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 usd
CY2023 BFRI Stock Issued During Period Value Reverse Stock Splits
StockIssuedDuringPeriodValueReverseStockSplits
0 usd
CY2023 BFRI Stock Issued During Period Value Issuance Of Common Stock And Warrants Under Registered Public Offering
StockIssuedDuringPeriodValueIssuanceOfCommonStockAndWarrantsUnderRegisteredPublicOffering
1000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1045000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-20131000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
4793000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
4793000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-20131000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-640000 usd
CY2023 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
7385000 usd
CY2023 us-gaap Depreciation
Depreciation
86000 usd
CY2022 us-gaap Depreciation
Depreciation
101000 usd
CY2023 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
560000 usd
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
653000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
418000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
418000 usd
CY2023 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-7421000 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1747000 usd
CY2023 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
100000 usd
CY2022 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-3800000 usd
CY2023 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-6456000 usd
CY2022 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-19017000 usd
CY2023 BFRI Warrant Inducement Expense
WarrantInducementExpense
1045000 usd
CY2022 BFRI Warrant Inducement Expense
WarrantInducementExpense
2629000 usd
CY2023 BFRI Excess Of Warrant Fair Value Over Offering Proceeds
ExcessOfWarrantFairValueOverOfferingProceeds
-2272000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
1045000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
1852000 usd
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
100000 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
122000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
106000 usd
CY2023 BFRI Noncash Interest Expense
NoncashInterestExpense
402000 usd
CY2022 BFRI Noncash Interest Expense
NoncashInterestExpense
358000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1536000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
70000 usd
CY2023 us-gaap Increase Decrease In Due From Other Related Parties Current
IncreaseDecreaseInDueFromOtherRelatedPartiesCurrent
-6470000 usd
CY2022 us-gaap Increase Decrease In Due From Other Related Parties Current
IncreaseDecreaseInDueFromOtherRelatedPartiesCurrent
-4990000 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-174000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-4154000 usd
CY2023 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
5159000 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3750000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2810000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
6415000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
912000 usd
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-657000 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-781000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-6351000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-3607000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-24895000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-16199000 usd
CY2022 us-gaap Payments To Acquire Equity Securities Fv Ni
PaymentsToAcquireEquitySecuritiesFvNi
5118000 usd
CY2023 us-gaap Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
624000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
38000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
619000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5156000 usd
CY2023 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
21448000 usd
CY2023 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
3800000 usd
CY2023 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
21344000 usd
CY2023 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
4507000 usd
CY2022 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
9391000 usd
CY2022 BFRI Proceeds From Exercise Of Warrants
ProceedsFromExerciseOfWarrants
4630000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
8411000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
14021000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-15865000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-7334000 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
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1543000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
17408000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
125000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
1000 usd
CY2023 BFRI Interest Paid Related Party
InterestPaidRelatedParty
22000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
15000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
32000 usd
CY2023 BFRI Release Of Startup Cost Financing Obligation As Part Of Legal Settlement
ReleaseOfStartupCostFinancingObligationAsPartOfLegalSettlement
-7300000 usd
CY2023 BFRI Release Of Contingent Consideration Obligation As Part Of Legal Settlement
ReleaseOfContingentConsiderationObligationAsPartOfLegalSettlement
-2500000 usd
CY2023 BFRI Transfer Of Investment As Part Of Legal Settlement
TransferOfInvestmentAsPartOfLegalSettlement
2415000 usd
CY2023 BFRI Addition Of Rightofuse Assets In Exchange For Operating Lease Liabilities
AdditionOfRightofuseAssetsInExchangeForOperatingLeaseLiabilities
800000 usd
CY2022 BFRI Addition Of Rightofuse Assets In Exchange For Operating Lease Liabilities
AdditionOfRightofuseAssetsInExchangeForOperatingLeaseLiabilities
234000 usd
CY2022 BFRI Conversion Of Warrant Liability To Equity In Connection With Exercise Of Warrants
ConversionOfWarrantLiabilityToEquityInConnectionWithExerciseOfWarrants
6840000 usd
CY2022 us-gaap Stock Issued1
StockIssued1
3683000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-24900000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-16200000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-99700000 usd
CY2023 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
4100000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1300000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17200000 usd
CY2023 BFRI Discretionary Expenses
DiscretionaryExpenses
5500000 usd
CY2023Q3 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1-for-20 reverse stock split
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84D_eus-gaap--UseOfEstimates_z641Dh6YPeGg" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><i>Use of Estimates</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">The preparation of the consolidated 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 realization and valuation of receivables and inventory, valuation of contingent consideration and warrant liabilities, impairment assessment of intangibles and other long-lived assets, share-based payments, income taxes including deferred tax assets and liabilities and contingent liability recognition. 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; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></p>
CY2023Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
1000000.0 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_84D_eus-gaap--ConcentrationRiskCreditRisk_z777Um7HIhE1" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><i><span id="xdx_860_zMQs2Uw29bKh">Concentration of Credit Risk and Off-Balance Sheet Risk</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Financial instruments that potentially expose the Company to concentrations of credit risk consist primarily of cash, cash equivalents, accounts receivable and other receivables, related party. The Company maintains all of its cash and cash equivalents at a single accredited financial institution, in amounts that exceed federally insured limits. The Company has no significant off-balance sheet risk such as foreign exchange contracts, option contracts, or other foreign hedging arrangements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Concentrations of credit risk with respect to receivables, which are typically unsecured, are somewhat mitigated due to the wide variety of customers using our products. We monitor the financial performance and creditworthiness of our customers so that we can properly assess and respond to changes in their credit profile. We continue to monitor these conditions and assess their possible impact on our business.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><span id="xdx_906_eus-gaap--ConcentrationRiskLicense_c20230101__20231231_zC9LePu7agfj" title="Concentration risk license, descriptions">The Company has a receivable due from Biofrontera AG for its 50% share of a legal settlement and related costs for which they are jointly and severally liable for the total settlement amount. The Company has a contractual right to repayment of its share of the settlement payment from Biofrontera AG under the Settlement Allocation Agreement entered into on December 9, 2021, which provided that the settlement payments would first be made by the Company and then reimbursed by Biofrontera AG for its share. Although this receivable has credit risk, it is mitigated by the Settlement Allocation Agreement as amended on March 31, 2022, which provides certain remedies to the Company, if Biofrontera AG fails to make timely reimbursements, which the Company may implement in its sole discretion, including the ability to charge interest at a rate of 6.0% per annum for each day that any reimbursement is past due and the ability to offset any overdue reimbursement amounts against payments owed to Biofrontera AG by the Company</span> (including amounts owed under the Company’s license and supply agreement for Ameluz<sup>®</sup>). The Addendum to Amended and Restated License and Supply Agreement, effective December 5, 2023, and as amended on January 29, 2024, allows for the Company to set off the amounts due to Biofrontera AG and Ameluz Licensor, with the amounts due from Biofrontera AG and Ameluz Licensor. As such, in accordance with ASC 210-20-45-1 the other receivables, related party have been offset against accounts payable, related parties for the year ended December 31, 2023.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">We are dependent on two licensors, Biofrontera Pharma and Ferrer, to supply drug products, including all underlying components, for our commercial efforts. These efforts could be adversely affected by a significant interruption in the supply of our finished products. These licensors may have risks associated with limited source suppliers and contract manufacturers. If our licensors fail to maintain relationships with these suppliers and manufacturers or they are unable to produce product, our business could be materially harmed.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></p>
CY2023 us-gaap Concentration Risk License
ConcentrationRiskLicense
The Company has a receivable due from Biofrontera AG for its 50% share of a legal settlement and related costs for which they are jointly and severally liable for the total settlement amount. The Company has a contractual right to repayment of its share of the settlement payment from Biofrontera AG under the Settlement Allocation Agreement entered into on December 9, 2021, which provided that the settlement payments would first be made by the Company and then reimbursed by Biofrontera AG for its share. Although this receivable has credit risk, it is mitigated by the Settlement Allocation Agreement as amended on March 31, 2022, which provides certain remedies to the Company, if Biofrontera AG fails to make timely reimbursements, which the Company may implement in its sole discretion, including the ability to charge interest at a rate of 6.0% per annum for each day that any reimbursement is past due and the ability to offset any overdue reimbursement amounts against payments owed to Biofrontera AG by the Company
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1800000 usd
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
1800000 usd
CY2023 us-gaap Debt Instrument Credit Rating
DebtInstrumentCreditRating
The IBR for the twelve months ended December 31, 2023 was 9.5%. Given the absence of an outstanding debt agreement for the twelve months ended December 31, 2022, a synthetic credit rating analysis was used in estimating the Company’s IBR. Based on a synthetic credit rating of Ba3 and a term of 3.33 to six years, the IBR was determined to be 6% for lease liabilities at inception and 8.5% for 2022 lease liabilities. No adjustments to the right-of-use asset were required for items such as initial direct costs paid or incentives received.
CY2023 us-gaap Product Warranty Expense
ProductWarrantyExpense
100000 usd
CY2022 us-gaap Product Warranty Expense
ProductWarrantyExpense
100000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2023 us-gaap Advertising Expense
AdvertisingExpense
200000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
100000 usd
CY2023 BFRI Release Of Contingent Consideration
ReleaseOfContingentConsideration
-2500000 usd
CY2023 BFRI Release Of Startup Cost Financing
ReleaseOfStartupCostFinancing
-7300000 usd
CY2023 BFRI Transfer Of Investment
TransferOfInvestment
2415000 usd
CY2023 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
7385000 usd
CY2023Q4 BFRI Stock Issued During Period Shares Investment In Equity Securities
StockIssuedDuringPeriodSharesInvestmentInEquitySecurities
177465 shares
CY2022Q4 BFRI Stock Issued During Period Shares Investment In Equity Securities
StockIssuedDuringPeriodSharesInvestmentInEquitySecurities
6466946 shares
CY2021Q4 us-gaap Asset Acquisition Contingent Consideration Liability
AssetAcquisitionContingentConsiderationLiability
6200000 usd
CY2022 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-3800000 usd
CY2022Q4 us-gaap Asset Acquisition Contingent Consideration Liability
AssetAcquisitionContingentConsiderationLiability
2400000 usd
CY2023 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
100000 usd
CY2023 BFRI Business Combination Contingent Consideration Arrangements Change In Amount Of Release Of Contingent Consideration Liability
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfReleaseOfContingentConsiderationLiability
-2500000 usd
CY2023 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1
100000 usd
CY2022 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1
-3800000 usd
CY2022Q4 BFRI Fair Value Warrant Liability Purchase Warrant
FairValueWarrantLiabilityPurchaseWarrant
2843000 usd
CY2021Q4 BFRI Fair Value Warrant Liability Purchase Warrant
FairValueWarrantLiabilityPurchaseWarrant
12854000 usd
CY2023 BFRI Fair Value Warrant Issuance Of New Derivative Liabilities
FairValueWarrantIssuanceOfNewDerivativeLiabilities
6778000 usd
CY2022 BFRI Fair Value Warrant Issuance Of New Derivative Liabilities
FairValueWarrantIssuanceOfNewDerivativeLiabilities
13217000 usd
CY2022 BFRI Fair Value Warrant Exercise Of Derivative Liabilities
FairValueWarrantExerciseOfDerivativeLiabilities
-6840000 usd
CY2023 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-6456000 usd
CY2022 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-19017000 usd
CY2023 BFRI Warrant Inducement Expense
WarrantInducementExpense
1045000 usd
CY2022 BFRI Warrant Inducement Expense
WarrantInducementExpense
2629000 usd
CY2023Q4 BFRI Fair Value Warrant Liability Purchase Warrant
FairValueWarrantLiabilityPurchaseWarrant
4210000 usd
CY2022Q4 BFRI Fair Value Warrant Liability Purchase Warrant
FairValueWarrantLiabilityPurchaseWarrant
2843000 usd
CY2021Q4 BFRI Revenue From Contract With Customer Allowances And Reserves
RevenueFromContractWithCustomerAllowancesAndReserves
246000 usd
CY2022 BFRI Revenue From Contract With Customer Allowances And Reserves Provision Related To Current Period
RevenueFromContractWithCustomerAllowancesAndReservesProvisionRelatedToCurrentPeriod
813000 usd
CY2022 BFRI Revenue From Contract With Customer Allowances And Reserves Credit Payments Made During Period
RevenueFromContractWithCustomerAllowancesAndReservesCreditPaymentsMadeDuringPeriod
977000 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
CY2023 BFRI Revenue From Contract With Customer Allowances And Reserves Provision Related To Current Period
RevenueFromContractWithCustomerAllowancesAndReservesProvisionRelatedToCurrentPeriod
507000 usd
CY2023 BFRI Revenue From Contract With Customer Allowances And Reserves Credit Payments Made During Period
RevenueFromContractWithCustomerAllowancesAndReservesCreditPaymentsMadeDuringPeriod
477000 usd
CY2023Q4 BFRI Revenue From Contract With Customer Allowances And Reserves
RevenueFromContractWithCustomerAllowancesAndReserves
112000 usd
CY2023Q4 BFRI Revenue From Contract With Customer Allowances And Reserves
RevenueFromContractWithCustomerAllowancesAndReserves
112000 usd
CY2023 us-gaap Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
600000 usd
CY2023 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-7421000 usd
CY2022 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-1747000 usd
CY2023 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
7219000 usd
CY2023 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-202000 usd
CY2022 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-1747000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
200000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
100000 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
305000 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
439000 usd
CY2022Q4 us-gaap Deposit Assets
DepositAssets
85000 usd
CY2023Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
120000 usd
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
286000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
425000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
810000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
691000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
711000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
557000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
507000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
134000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
204000 usd
CY2023Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
15000 usd
CY2023Q4 us-gaap Finite Lived License Agreements Gross
FiniteLivedLicenseAgreementsGross
4600000 usd
CY2022Q4 us-gaap Finite Lived License Agreements Gross
FiniteLivedLicenseAgreementsGross
4600000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1986000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1568000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2629000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3032000 usd
CY2023Q4 us-gaap Finite Lived License Agreements Gross
FiniteLivedLicenseAgreementsGross
4600000 usd
CY2022Q4 us-gaap Finite Lived License Agreements Gross
FiniteLivedLicenseAgreementsGross
4600000 usd
CY2023Q4 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P11Y
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
400000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
400000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2185000 usd
CY2023Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
1000000.0 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1343000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17208000 usd
CY2023Q4 us-gaap Restricted Cash Equivalents Noncurrent
RestrictedCashEquivalentsNoncurrent
200000 usd
CY2022Q4 us-gaap Restricted Cash Equivalents Noncurrent
RestrictedCashEquivalentsNoncurrent
200000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1543000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17408000 usd
CY2023Q4 BFRI Accrued Legal Settlement Expenses Current
AccruedLegalSettlementExpensesCurrent
403000 usd
CY2022Q4 BFRI Accrued Legal Settlement Expenses Current
AccruedLegalSettlementExpensesCurrent
6207000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2850000 usd
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1064000 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1353000 usd
CY2023Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
118000 usd
CY2022Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
40000 usd
CY2023Q4 BFRI Accrued Product Revenue Allowances And Reserves
AccruedProductRevenueAllowancesAndReserves
149000 usd
CY2022Q4 BFRI Accrued Product Revenue Allowances And Reserves
AccruedProductRevenueAllowancesAndReserves
82000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
568000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
332000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
4487000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
10864000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0521 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.0585 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.0048 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.3793 pure
CY2023 BFRI Effective Income Tax Rate Reconciliation Change In Fair Value Of Contingent Consideration
EffectiveIncomeTaxRateReconciliationChangeInFairValueOfContingentConsideration
-0.0010 pure
CY2022 BFRI Effective Income Tax Rate Reconciliation Change In Fair Value Of Contingent Consideration
EffectiveIncomeTaxRateReconciliationChangeInFairValueOfContingentConsideration
1.3362 pure
CY2023 BFRI Effective Income Tax Rate Reconciliation Change In Fair Value Of Warrant Liabilities
EffectiveIncomeTaxRateReconciliationChangeInFairValueOfWarrantLiabilities
0.0327 pure
CY2022 BFRI Effective Income Tax Rate Reconciliation Change In Fair Value Of Warrant Liabilities
EffectiveIncomeTaxRateReconciliationChangeInFairValueOfWarrantLiabilities
5.7627 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements
EffectiveIncomeTaxRateReconciliationTaxSettlements
0.0261 pure
CY2023 BFRI Effective Income Tax Rate Reconciliation Trueups
EffectiveIncomeTaxRateReconciliationTrueups
-0.0008 pure
CY2022 BFRI Effective Income Tax Rate Reconciliation Trueups
EffectiveIncomeTaxRateReconciliationTrueups
-0.0742 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.0004 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.3161 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-6.8554 pure
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0014 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0585 pure
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
36964000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
30450000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
8000 usd
CY2023Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
4270000 usd
CY2022Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
4824000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Deferred Expense Deferred Policy Acquisition Cost
DeferredTaxLiabilitiesDeferredExpenseDeferredPolicyAcquisitionCost
96000 usd
CY2023Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
129000 usd
CY2022Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
123000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
393000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
890000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
711000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
449000 usd
CY2023Q4 BFRI Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
391000 usd
CY2022Q4 BFRI Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
361000 usd
CY2023Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
40000 usd
CY2023Q4 BFRI Deferred Tax Liabilities Right Of Use Asset
DeferredTaxLiabilitiesRightOfUseAsset
422000 usd
CY2022Q4 BFRI Deferred Tax Liabilities Right Of Use Asset
DeferredTaxLiabilitiesRightOfUseAsset
369000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
43000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
-469000 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
42527000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
36163000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
42527000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
36163000 usd
CY2023 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
6400000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
148600000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
111500000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Not Subject To Expiration
DeferredTaxAssetsOperatingLossCarryforwardsNotSubjectToExpiration
139000000.0 usd
CY2023Q4 BFRI Legal Settlements Receivable Percentage
LegalSettlementsReceivablePercentage
0.50 pure
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
15000000 shares
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2023Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
219477 shares
CY2021Q4 BFRI Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice
99.69
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
463686 shares
CY2022 BFRI Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Exercise Price Issued
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePriceIssued
35.77
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
221307 shares
CY2022 BFRI Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Exercise Price Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePriceExercised
20.92
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
461856 shares
CY2022Q4 BFRI Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice
52.29
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
2862500 shares
CY2023 BFRI Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Exercise Price Issued
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePriceIssued
2.24
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
3324356 shares
CY2023Q4 BFRI Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice
2.46
CY2023Q3 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1-for-20 reverse stock split
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
214286 shares
CY2022Q3 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
4600000 usd
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q4 BFRI Share Exercise Price
ShareExercisePrice
5.00
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000 pure
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
6.40
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
29.28
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
30737 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
95.40
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P9Y11M8D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1691000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
64572 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
48.20
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
8358 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
76.11
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
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P9Y3M7D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
49730 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
9.35
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
37195 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
52.55
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
99486 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
39.36
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y9M14D
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
27815 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
67.54
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P8Y1M20D
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
900000 usd
CY2023 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y
CY2023 us-gaap Interest Expense
InterestExpense
220000 usd
CY2022 us-gaap Interest Expense
InterestExpense
12000 usd
CY2023 BFRI Interest Expenses Related Party
InterestExpensesRelatedParty
22000 usd
CY2023 BFRI Contract Asset Interest Expense
ContractAssetInterestExpense
358000 usd
CY2022 BFRI Contract Asset Interest Expense
ContractAssetInterestExpense
358000 usd
CY2022 us-gaap Interest Income Operating
InterestIncomeOperating
165000 usd
CY2023 us-gaap Interest Income Other
InterestIncomeOther
132000 usd
CY2022 us-gaap Interest Income Other
InterestIncomeOther
10000 usd
CY2023 BFRI Interest Expense Net
InterestExpenseNet
468000 usd
CY2022 BFRI Interest Expense Net
InterestExpenseNet
195000 usd
CY2023 BFRI Gainloss On Termination Of Operating Leases
GainlossOnTerminationOfOperatingLeases
134000 usd
CY2022 BFRI Gainloss On Termination Of Operating Leases
GainlossOnTerminationOfOperatingLeases
93000 usd
CY2023 BFRI Foreign Currency Transactions
ForeignCurrencyTransactions
-114000 usd
CY2022 BFRI Foreign Currency Transactions
ForeignCurrencyTransactions
-28000 usd
CY2023 BFRI Bank Service Charges
BankServiceCharges
-92000 usd
CY2022 BFRI Bank Service Charges
BankServiceCharges
-8000 usd
CY2023 BFRI Other Nonoperating Income Net
OtherNonoperatingIncomeNet
-3000 usd
CY2022 BFRI Other Nonoperating Income Net
OtherNonoperatingIncomeNet
-24000 usd
CY2023 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-75000 usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
33000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
752000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
733000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-20131000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-640000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1546297 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1546297 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1056988 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1056988 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-13.02
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-13.02
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.61
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.61
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2393795000 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
584165000 shares
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2393795000 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
584165000 shares
CY2023 us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
option to extend the term of the lease for one five (5) year period
CY2023 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
560000 usd
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
653000 usd
CY2023 BFRI Interest On Lease Liabilities
InterestOnLeaseLiabilities
84000 usd
CY2022 BFRI Interest On Lease Liabilities
InterestOnLeaseLiabilities
99000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
644000 usd
CY2023Q4 us-gaap Subsequent Event Description
SubsequentEventDescription
we received a letter (the “Notice”) from the Listing Qualifications Staff of Nasdaq notifying us that, because our stockholders’ equity as reported in our Quarterly Report on Form 10-Q for the period ended September 30, 2023 was $1,038,000, we are no longer in compliance with the continued listing requirement under Nasdaq Listing Rule 5550(b)(1), which requires that a listed company’s stockholders’ equity be at least $2,500,000. Additionally, as of the date of the Notice, the Company did not meet either of the alternative requirements of maintaining a market value of listed securities of $35 million or achieving a net income from continuing operations of $500,000 in the most recently completed fiscal year or in two of the last three most recently completed fiscal years. As a result, as of the date of this Form 10-K, we do not satisfy Nasdaq Marketplace Rule 5550(b)
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
781000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
800000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
234000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y2M19D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y6M14D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0776 pure
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0631 pure
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
779000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
587000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
238000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
31000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1635000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
140000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1495000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
691000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
804000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1495000 usd
CY2021Q4 us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
22500000 usd
CY2023 BFRI Percentage Of Common Stock Outstanding
PercentageOfCommonStockOutstanding
0.20 pure
CY2023 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.
CY2023 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
300000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
200000 usd

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