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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Revenues $ 15,025 $ 11,461 $ 31,276 $ 29,845
Operating costs and expenses:        
Research and development 33,271 48,467 77,076 112,193
Acquired in-process research and development       12,272
Selling, general and administrative 48,941 48,136 103,920 92,714
Intangible amortization 1,127 1,035 2,254 2,069
Increase (decrease) on contingent consideration   (64,300) 3,800 (66,400)
Loss on impairment of intangible assets 466 90,780 12,366 90,780
Legal settlement     1,797  
Total operating costs and expenses 92,258 129,822 214,851 255,089
Loss from operations (77,233) (118,361) (183,575) (225,244)
(Loss) gain on derivative liabilities (20) (2,700) (1,300) 4,800
Loss on marketable and equity investments (1,777) (95,492) (15,460) (26,958)
Loss on debt extinguishment, net   (471) (40) (5,732)
Loss (gain) on foreign currency exchange 157 (561) 153 (165)
Interest expense, net (2,668) (2,314) (3,800) (5,563)
Other loss (4,321) (700) (4,299) (683)
Reorganization items, net (22,003) 0 (42,235) 0
Loss before income tax (107,865) (220,599) (250,556) (259,545)
Income tax expense (benefit) 671 (1,050) 12,139 413
Gain (loss) on equity method investments   72 (368) (59)
Net loss (108,536) (219,477) (263,063) (260,017)
Net loss attributable to noncontrolling interests (13,324) (718) (28,334) (443)
Net loss attributable to Sorrento $ (95,212) $ (218,759) $ (234,729) $ (259,574)
Net loss per share - basic per share attributable to Sorrento $ (0.17) $ (0.54) $ (0.43) $ (0.7)
Net loss per share - diluted per share attributable to Sorrento $ (0.17) $ (0.54) $ (0.43) $ (0.7)
Weighted-average shares used during period - basic shares attributable to Sorrento 551,281 402,801 547,232 370,144
Weighted-average shares used during period - diluted shares attributable to Sorrento 551,281 402,801 547,232 370,144
Product        
Revenues:        
Revenues $ 12,605 $ 8,591 $ 23,202 $ 18,582
Operating costs and expenses:        
Cost of products sold and services 6,564 3,393 10,445 6,270
Service        
Revenues:        
Revenues 2,420 2,870 8,074 11,263
Operating costs and expenses:        
Cost of products sold and services $ 1,889 $ 2,311 $ 3,193 $ 5,191