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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 70,686 $ 36,665
Marketable investments 47,175 90,217
Accounts receivables, net 24,190 18,715
Inventory 17,961 8,106
Prepaid expenses 7,937 11,804
Other current assets 9,008 7,482
Total current assets 176,957 172,989
Property and equipment, net 43,634 41,325
Operating lease right-of-use assets 85,261 85,173
Intangibles, net 171,440 259,705
Goodwill 80,199 79,525
Equity investments 55,605 51,271
Other assets, net 2,518 4,830
Total assets 615,614 694,818
Current liabilities:    
Accounts payable 38,391 27,414
Accrued payroll and related benefits 29,197 21,503
Accrued expenses 59,764 37,975
Current portion of deferred revenue 281 1,108
Current portion of operating lease liabilities 13,373 11,539
Current portion of contingent consideration 397 397
Acquisition consideration 7,670 7,537
Current portion of debt 52,907 31,980
Total current liabilities 201,980 139,453
Long-term debt, net of discount 17,800 110,627
Deferred tax liabilities, net 1,744 2,426
Deferred revenue 117,224 118,942
Derivative liabilities   35,700
Operating lease liabilities 84,133 83,431
Contingent consideration 57,249 124,349
Other long-term liabilities 5,278 1,761
Total liabilities 485,408 616,689
Commitments and contingencies (See Note 10)
Sorrento Therapeutics, Inc. equity    
Common stock, $0.0001 par value 750,000,000 shares authorized and 468,290,927 and 314,573,225 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 47 32
Additional paid-in capital 1,916,794 1,513,758
Accumulated other comprehensive income 226 1,026
Accumulated deficit (1,735,755) (1,386,604)
Treasury stock, 7,568,182 shares at cost at September 30, 2022, and December 31, 2021 (49,464) (49,464)
Total Sorrento Therapeutics, Inc. stockholders’ equity 131,848 78,748
Noncontrolling interests (1,642) (619)
Total equity 130,206 78,129
Total liabilities and stockholders’ equity $ 615,614 $ 694,818