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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 69,749 $ 23,634
Marketable investments 10,886 26,344
Accounts receivables, net 32,725 24,469
Inventory 9,651 9,976
Prepaid expenses 5,222 8,807
Other current assets 4,878 3,143
Total current assets 133,111 96,373
Property and equipment, net 53,237 51,971
Operating lease right-of-use assets 53,408 86,464
Intangibles, net 122,283 136,902
Goodwill 80,269 80,269
Equity investments 12,008 17,176
Other assets, net 2,376 3,685
Total assets 456,692 472,840
Current liabilities:    
Accounts payable 18,554 47,515
Accrued payroll and related benefits 6,964 7,884
Accrued expenses and other current liabilities 91,924 58,456
Accrued legal settlements   174,752
Current portion of deferred revenue 256 652
Current portion of operating lease liabilities 13,051 13,880
Current portion of contingent consideration 397 397
Acquisition consideration 515 7,800
Income tax payable 12,926 300
Current portion of debt 120,362 16,286
Total current liabilities 264,949 327,922
Long-term debt, net of discount 21,741 19,130
Deferred tax liabilities, net 238 591
Deferred revenue 896 7,098
Derivative liabilities 1,600 300
Operating lease liabilities 52,446 85,208
Contingent consideration 550 48,949
Other long-term liabilities 3,305 5,311
Total liabilities not subject to compromise 345,725 494,509
Liabilities subject to compromise 308,923  
Total liabilities 654,648 494,509
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 June 30, 2023 and December 31, 2022, respectively 55 52
Additional paid-in capital 2,036,331 1,988,753
Accumulated other comprehensive income 2,240 1,501
Accumulated deficit (2,194,275) (1,959,447)
Treasury stock, 7,568,182 shares at cost at June 30, 2023, and December 31, 2022 (49,464) (49,464)
Total Sorrento Therapeutics, Inc. stockholders deficit (205,113) (18,605)
Noncontrolling interests 7,157 (3,064)
Total deficit (197,956) (21,669)
Total liabilities and stockholders' equity (deficit) $ 456,692 $ 472,840