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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 37,655 $ 23,634
Marketable investments 12,662 26,344
Accounts receivables, net 26,524 24,469
Inventory 11,308 9,976
Prepaid expenses 7,827 8,807
Other current assets 4,784 3,143
Total current assets 100,760 96,373
Property and equipment, net 54,861 51,971
Operating lease right-of-use assets 85,398 86,464
Intangibles, net 123,875 136,902
Goodwill 80,269 80,269
Equity investments 12,008 17,176
Other assets, net 2,892 3,685
Total assets 460,063 472,840
Current liabilities:    
Accounts payable 14,590 47,515
Accrued payroll and related benefits 5,314 7,884
Accrued expenses and other current liabilities 68,855 58,456
Accrued legal settlements   174,752
Current portion of deferred revenue 252 652
Current portion of operating lease liabilities 14,050 13,880
Current portion of contingent consideration 397 397
Acquisition consideration 391 7,800
Income tax payable 12,148 300
Current portion of debt 49,635 16,286
Total current liabilities 165,632 327,922
Long-term debt, net of discount 21,400 19,130
Deferred tax liabilities, net 238 591
Deferred revenue 983 7,098
Derivative liabilities 1,580 300
Operating lease liabilities 84,462 85,208
Contingent consideration 550 48,949
Other long-term liabilities 3,428 5,311
Total liabilities not subject to compromise 278,273 494,509
Liabilities subject to compromise 309,210  
Total liabilities 587,483 494,509
Commitments and contingencies (See Note 10)
Sorrento Therapeutics, Inc. equity (deficit)    
Common stock, $0.0001 par value 750,000,000 shares authorized and 551,281,154 and 522,817,137 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 55 52
Additional paid-in capital 2,021,148 1,988,753
Accumulated other comprehensive income 1,826 1,501
Accumulated deficit (2,099,063) (1,959,447)
Treasury stock, 7,568,182 shares at cost at March 31, 2023, and December 31, 2022 (49,464) (49,464)
Total Sorrento Therapeutics, Inc. stockholders' equity (deficit) (125,498) (18,605)
Noncontrolling interests (1,922) (3,064)
Total equity (deficit) (127,420) (21,669)
Total liabilities and stockholders' equity (deficit) $ 460,063 $ 472,840