GOODWILL AND INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

The following table summarizes the consideration for the XEPI Transaction for the year ended December 31, 2025.


Consideration Type	Counterparty	Contractual Amount			Allocated Purchase Price
Upfront Payment - Asset Purchase Agreement	Biofrontera	$	3,000		$	3,000
Contingent Consideration - Achievement of Commercial Quantities	Biofrontera	1,000			1,000
Contingent Consideration - Achievement of Sales Based Milestones	Biofrontera	6,000			—
Contingent Consideration - Acceptance of Initial API Purchase	Ferrer	1,200			1,200
Xepi Transaction - Transaction Expenses	Various	880			880
		$	12,080		$	6,080

Royalty Payments on Net Sales of Xepi	Ferrer	7		%	—		%

Schedule of Intangible Assets and Goodwill

Goodwill and other identifiable intangible assets consisted of the following:


	March 31, 2026		December 31, 2025
Indefinite-lived intangible assets
Goodwill	$	24,681	$	24,681
Definite-lived intangible assets
Developed technology	32,200		32,200
Amended Sato license	715		715
Xepi	6,080		6,080
Xeglyze	1,817		1,817
Website development	214		214
Less: accumulated amortization	(2,586)		(1,556)
Total definite-lived intangible assets	38,440		39,470
Total goodwill and other identifiable intangible assets, net	$	63,121	$	64,151

The following table presents both definite and indefinite lived intangible assets as of March 31, 2026, comprised primarily of acquired product rights related to the LNHC, Inc. acquisition, as discussed in Note 4 — “Acquisition of LNHC, Inc.” and the asset acquisitions of XEPI and XEGLYZE in the fourth quarter of 2025, described above:


	Carrying Value		Accumulated Amortization		Net Book Value		Remaining Useful Life (Years)
Definite-lived intangible assets
Developed technology	$	32,200	$	(1,979)	$	30,221	11.42
Amended Sato license	715		(141)		574		2.00
Xepi	6,080		(387)		5,693		5.84
Xeglyze	1,817		(54)		1,763		8.72
Website development	214		(25)		189		2.86
Total definite-lived intangible assets	$	41,026	$	(2,586)	$	38,440
Indefinite-lived intangible assets
Goodwill	24,681		—		24,681
Total goodwill and other identifiable intangible assets	$	65,707	$	(2,586)	$	63,121

Schedule of Amortization Expense Expected to be Recognized

The following table represents annual amortization of definite lived intangible assets for the next five fiscal years, and thereafter:


	Developed Technology		Amended Sato License		Xepi		Xeglyze		Website Development		Total
2026 (April 1 - December 31)	$	1,993	$	214	$	735	$	152	$	49	$	3,143
2027	2,645		287		975		202		66		4,175
2028	2,653		73		980		203		66		3,975
2029	2,645		—		975		202		8		3,830
2030	2,645		—		975		202		—		3,822
2031 and thereafter	17,640		—		1,053		802		—		19,495
Total amortization	$	30,221	$	574	$	5,693	$	1,763	$	189	$	38,440