XML 13 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Revenues $ 11,461 $ 13,511 $ 29,845 $ 27,766
Operating costs and expenses:        
Research and development 48,467 54,506 112,193 98,339
Acquired in-process research and development 0 4,971 12,272 12,483
Selling, general and administrative 48,136 50,293 92,714 93,687
Intangible amortization 1,035 1,070 2,069 2,105
Increase (decrease) on contingent consideration (64,300) 100 (66,400) 100
Loss on impairment of intangible assets 90,780   90,780  
Total operating costs and expenses 129,822 114,061 255,089 213,221
Loss from operations (118,361) (100,550) (225,244) (185,455)
Gain (Loss) on derivative liabilities (2,700) (300) 4,800 1,900
Gain (Loss) on marketable investments (95,492) (63,901) (26,958) 30,530
Loss on debt extinguishment (471) (584) (5,732) (6,695)
Loss on foreign currency exchange (561) (1) (165) (541)
Interest expense, net (2,314) (2,016) (5,563) (4,382)
Other income (loss) (700) 34 (683) (44)
Loss before income tax (220,599) (167,318) (259,545) (164,687)
Income tax expense (benefit) (1,050) (641) 413 (847)
Gain (loss) on equity method investments 72 (22) (59) (441)
Net loss (219,477) (166,699) (260,017) (164,281)
Net loss attributable to noncontrolling interests (718) (84) (443) (176)
Net loss attributable to Sorrento $ (218,759) $ (166,615) $ (259,574) $ (164,105)
Net loss per share - basic per share attributable to Sorrento (USD per share) $ (0.54) $ (0.57) $ (0.70) $ (0.58)
Net loss per share - diluted per share attributable to Sorrento (USD per share) $ (0.54) $ (0.57) $ (0.70) $ (0.58)
Weighted-average shares used during period - basic shares attributable to Sorrento (in shares) 402,801 290,003 370,144 285,330
Weighted-average shares used during period - diluted shares attributable to Sorrento (in shares) 402,801 290,003 370,144 285,330
Product        
Revenues:        
Revenues $ 8,591 $ 7,854 $ 18,582 $ 14,877
Operating costs and expenses:        
Cost of products sold and services 3,393 525 6,270 1,377
Service        
Revenues:        
Revenues 2,870 5,657 11,263 12,889
Operating costs and expenses:        
Cost of products sold and services $ 2,311 $ 2,596 $ 5,191 $ 5,130