XML 38 R29.htm IDEA: XBRL DOCUMENT v3.22.2.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Summary of Information by Reportable Segments

The following table presents information about the Company’s reportable segments for the three and six months ended June 30, 2022 and 2021 (in thousands):

 

 

 

Three Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

 

Sorrento
Therapeutics

 

 

Scilex

 

 

Total

 

 

Sorrento
Therapeutics

 

 

Scilex

 

 

Total

 

External revenues

 

$

3,535

 

 

$

7,926

 

 

$

11,461

 

 

$

5,709

 

 

$

7,802

 

 

$

13,511

 

Operating expenses

 

 

109,709

 

 

 

20,113

 

 

 

129,822

 

 

 

98,553

 

 

 

15,508

 

 

 

114,061

 

Operating loss

 

 

(106,174

)

 

 

(12,187

)

 

 

(118,361

)

 

 

(92,844

)

 

 

(7,706

)

 

 

(100,550

)

Unrestricted cash

 

 

63,470

 

 

 

6,875

 

 

 

70,345

 

 

 

72,252

 

 

 

5,039

 

 

 

77,291

 

 

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

(in thousands)

 

Sorrento
Therapeutics

 

 

Scilex

 

 

Total

 

 

Sorrento
Therapeutics

 

 

Scilex

 

 

Total

 

External revenues

 

$

15,107

 

 

$

14,738

 

 

$

29,845

 

 

$

12,978

 

 

$

14,788

 

 

$

27,766

 

Operating expenses

 

 

219,359

 

 

 

35,730

 

 

 

255,089

 

 

 

180,430

 

 

 

32,791

 

 

 

213,221

 

Operating loss

 

 

(204,252

)

 

 

(20,992

)

 

 

(225,244

)

 

 

(167,452

)

 

 

(18,003

)

 

 

(185,455

)

Unrestricted cash

 

 

63,470

 

 

 

6,875

 

 

 

70,345

 

 

 

72,252

 

 

 

5,039

 

 

 

77,291