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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 70,345 $ 36,665
Marketable investments 63,259 90,217
Accounts receivables, net 24,715 18,715
Inventory 20,697 8,106
Prepaid expenses 8,960 11,804
Other current assets 8,072 7,482
Total current assets 196,048 172,989
Property and equipment, net 42,530 41,325
Operating lease right-of-use assets 86,094 85,173
Intangibles, net 172,566 259,705
Goodwill 81,351 79,525
Equity investments 50,739 51,271
Other assets, net 2,804 4,830
Total assets 632,132 694,818
Current liabilities:    
Accounts payable 24,937 27,414
Accrued payroll and related benefits 28,394 21,503
Accrued expenses 45,816 37,975
Current portion of deferred revenue 1,018 1,108
Current portion of operating lease liabilities 13,508 11,539
Current portion of contingent consideration 397 397
Acquisition consideration 7,537 7,537
Current portion of debt 23,714 31,980
Total current liabilities 145,321 139,453
Long-term debt, net of discount 83,069 110,627
Deferred tax liabilities, net 2,358 2,426
Deferred revenue 117,445 118,942
Derivative liabilities 500 35,700
Operating lease liabilities 84,316 83,431
Contingent consideration 57,949 124,349
Other long-term liabilities 5,411 1,761
Total liabilities 496,369 616,689
Commitments and contingencies (See Note 10)
Sorrento Therapeutics, Inc. equity    
Common stock, $0.0001 par value 750,000,000 shares authorized and 436,418,964 and 314,573,225 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively 18 32
Additional paid-in capital 1,826,810 1,513,758
Accumulated other comprehensive income 837 1,026
Accumulated deficit (1,646,178) (1,386,604)
Treasury stock, 7,568,182 shares at cost at June 30, 2022, and December 31, 2021 (49,464) (49,464)
Total Sorrento Therapeutics, Inc. stockholders’ equity 132,023 78,748
Noncontrolling interests 3,740 (619)
Total equity 135,763 78,129
Total liabilities and stockholders’ equity $ 632,132 $ 694,818