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Inventories
3 Months Ended
Mar. 31, 2022
Inventory Disclosure [Abstract]  
Inventories

8. Inventories

 

Inventories are comprised of Ameluz®, Xepi® and the BF-RhodoLED® finished products.

 

In assessing the consumption of inventories, the sequence of consumption is assumed to be based on the first-in-first-out (FIFO) method. There was no provision for obsolescence recorded for the three months ended March 31, 2022. We recorded a provision of $35,000 for Xepi® inventory obsolescence, for the three months ended March 31, 2021.