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Loss Per Share (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Basic and Diluted Earnings Per Share

The following table sets forth the reconciliation of basic and diluted earnings per share for the years ended December 31, 2022, 2021 and 2020 (in thousands, except per share data):

 

 

Years Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Numerator

 

 

 

 

 

 

 

 

 

Net loss attributable to Sorrento

 

$

(572,843

)

 

$

(428,325

)

 

$

(298,461

)

Net loss attributable to Semnur holders of Scilex

 

 

 

 

 

 

 

 

 

Net loss used for basic and diluted earnings per share

 

 

(572,843

)

 

 

(428,325

)

 

 

(298,461

)

Denominator for basic loss per share

 

 

419,315

 

 

 

294,774

 

 

 

229,823

 

Potentially dilutive shares of Sorrento common stock issuable upon Semnur Share Exchange

 

 

 

 

 

 

 

 

 

Denominator for loss earnings per share

 

 

419,315

 

 

 

294,774

 

 

 

229,823

 

Basic loss per share

 

$

(1.37

)

 

$

(1.45

)

 

$

(1.30

)

Diluted loss per share

 

$

(1.37

)

 

$

(1.45

)

 

$

(1.30

)

Components of Outstanding Securities

The potentially dilutive stock options and warrants that have been excluded because the effect would have been anti-dilutive consisted of the following (in thousands):

 

 

Years Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Outstanding options

 

 

20,862

 

 

 

22,516

 

 

 

18,763

 

Outstanding RSUs

 

 

8,284

 

 

 

3,434

 

 

 

 

Outstanding warrants

 

 

16,020

 

 

 

16,020

 

 

 

18,605