XML 13 R2.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 20,813 $ 39,038
Marketable securities 46,183 97,366
Grants and accounts receivables, net 1,146 903
Income tax receivable 1,715 1,715
Prepaid expenses and other, net 1,875 1,996
Total current assets 71,732 141,018
Property and equipment, net 7,436 7,246
Intangibles, net 3,801 3,912
Goodwill 20,626 20,626
Investments in common stock 112,008 112,008
Equity method investments 57,620 58,119
Other, net 556 590
Total assets 273,779 343,519
Current liabilities:    
Accounts payable 3,139 1,339
Accrued payroll and related 1,040 2,361
Current portion of deferred compensation 917 891
Accrued expenses 6,382 3,927
Acquisition consideration payable 12,000 12,000
Derivative liability 0 5,520
Current portion of debt 4,949 4,835
Total current liabilities 28,427 30,873
Long-term debt 3,113 4,394
Deferred compensation 12 12
Deferred tax liabilities 35,047 49,341
Deferred revenue 110,888 110,900
Deferred rent and other 7,329 7,061
Total liabilities $ 184,816 $ 202,581
Commitments and contingencies
Equity:    
Preferred stock, $0.0001 par value; 100,000,000 shares authorized and no shares issued or outstanding $ 0 $ 0
Common stock, $0.0001 par value; 750,000,000 shares authorized and 38,388,243 and 37,771,459 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively 4 4
Additional paid-in capital 189,839 184,898
Accumulated other comprehensive income 36,690 73,579
Accumulated deficit (131,719) (113,329)
Total Sorrento Therapeutics, Inc. stockholders' equity 94,814 145,152
Noncontrolling interests (5,851) (4,214)
Total equity 88,963 140,938
Total liabilities and equity $ 273,779 $ 343,519