Revenue

9 Months Ended

12 Months Ended

Sep. 30, 2024

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Revenue

4. Revenue

We generate revenue primarily through the sales of our licensed products Ameluz^® and RhodoLED^® Lamps. Revenue from the sales of our lamps are relatively insignificant compared with the revenues generated through our sales of Ameluz^®.

Related party revenue relates to an agreement with Biofrontera Bioscience for BF-RhodoLED^® leasing and installation service associated with the clinical lamps, which, due to the Second A&R Ameluz LSA is no longer effective as of September 30, 2024. Refer to Note 11, Related Party Transactions.

An analysis of the changes in product revenue allowances and reserves is summarized as follows:

(in thousands):	Returns			Co-pay assistance program			Prompt pay discounts			Government and payor rebates			Total
Balance at December 31, 2022	$	48		$	9		$	5		$	20		$	82
Provision related to current period sales		4			156			3			266			429
Credit or payments made during the period		-			(145	)		(2	)		(231	)		(378	)
Balance at September 30, 2023	$	52		$	20		$	6		$	55		$	133
Balance at December 31, 2023	$	52		$	-		$	6		$	54		$	112
Provision related to current period sales		32			-			-			157			189
Credit or payments made during the period		(6	)		-			(6	)		(167	)		(179	)
Balance at September 30, 2024	$	78			-			-			44			122

5. Revenue

We generate revenue primarily through the sales of our licensed products Ameluz^®, BF-RhodoLED^® lamps and Xepi^®. Revenue from the sales of our BF-RhodoLED^® lamp and Xepi^® are relatively insignificant compared with the revenues generated through our sales of Ameluz^®.

Related party revenue relates to an agreement with Biofrontera Bioscience for BF-RhodoLED^® leasing and installation service. Refer to Note 17. Related Party Transactions.

An analysis of the changes in product revenue allowances and reserves is summarized as follows:

				Co-pay			Prompt			Government
				assistance			pay			and payor
(in thousands):	Returns			program			discounts			rebates			Total
Balance at December 31, 2021	$	43		$	101		$	48		$	54		$	246
Provision related to current period sales		10			574			19			210			813
Credit or payments made during the period		(5	)		(666	)		(62	)		(244	)		(977	)
Balance at December 31, 2022	$	48		$	9		$	5		$	20		$	82
Provision related to current period sales		4			156			3			344			507
Credit or payments made during the period		-			(165	)		(2	)		(310	)		(477	)
Balance at December 31, 2023	$	52			-			6			54			112