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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 36,665 $ 56,464
Marketable investments 90,217 0
Accounts receivables, net 18,715 15,506
Inventory 8,106 1,831
Prepaid expenses 11,804 8,712
Other current assets 7,482 3,721
Total current assets 172,989 86,234
Property and equipment, net 41,325 31,861
Operating lease right-of-use assets 85,173 42,052
Intangibles, net 259,705 73,675
Goodwill 79,525 43,554
Equity investments 51,271 256,397
Other assets, net 4,830 2,049
Total assets 694,818 535,822
Current liabilities:    
Accounts payable 27,414 24,706
Accrued payroll and related benefits 21,503 20,859
Accrued expenses 37,975 19,198
Current portion of deferred revenue 1,108 4,485
Current portion of operating lease liabilities 11,539 3,626
Current portion of contingent consideration 7,934 398
Current portion of debt 31,980 23,208
Total current liabilities 139,453 96,480
Long-term debt, net of discount 110,627 92,258
Deferred tax liabilities, net 2,426 6,918
Deferred revenue 118,942 113,185
Derivative liabilities 35,700 35,400
Operating lease liabilities 83,431 50,301
Contingent consideration 124,349 549
Other long-term liabilities 1,761 0
Total liabilities 616,689 395,091
Commitments and contingencies (Note 11)
Sorrento Therapeutics, Inc. equity    
Common stock, $0.0001 par value; 750,000,000 shares authorized and 314,573,225 and 275,285,582 shares issued and outstanding at December 31, 2021 and 2020, respectively 32 28
Additional paid-in capital 1,513,758 1,172,346
Accumulated other comprehensive income 1,026 520
Accumulated deficit (1,386,604) (958,279)
Treasury stock, 7,568,182 shares at cost at December 31, 2021 and 2020 (49,464) (49,464)
Total Sorrento Therapeutics, Inc. stockholders' equity 78,748 165,151
Noncontrolling interests (619) (24,420)
Total equity 78,129 140,731
Total liabilities and equity $ 694,818 $ 535,822