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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 82,398 $ 39,038
Marketable securities 1,106 97,366
Grants and accounts receivables, net 1,696 903
Income tax receivable 1,289 1,715
Prepaid expenses and other, net 3,165 1,996
Total current assets 89,654 141,018
Property and equipment, net 12,707 7,246
Intangibles, net 64,766 3,912
Goodwill 41,548 20,626
Investments in common stock 112,008 112,008
Equity method investments 76,994 58,119
Other, net 3,909 590
Total assets 401,586 343,519
Current liabilities:    
Accounts payable 8,282 1,339
Accrued payroll and related 3,565 2,361
Current portion of deferred compensation 1,012 891
Accrued expenses 4,741 3,927
Current portion of deferred revenue 9,666 0
Derivative liability 0 5,520
Current portion of deferred rent 248 0
Acquisition consideration payable 48,362 12,000
Current portion of debt 209 4,835
Total current liabilities 76,085 30,873
Long-term debt 47,107 4,394
Deferred compensation 0 12
Deferred tax liabilities 53,238 49,341
Deferred revenue 134,376 110,900
Deferred rent and other 4,278 7,061
Total liabilities 315,084 202,581
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 50,882,856 and 37,771,459 shares issued and outstanding at December 31, 2016 and 2015, respectively 6 4
Additional paid-in capital 303,865 184,898
Accumulated other comprehensive income (118) 73,579
Accumulated deficit (174,252) (113,329)
Treasury stock, 7,568,182 shares and no shares at cost at December 31, 2016, and 2015, respectively (49,464) 0
Total Sorrento Therapeutics, Inc. stockholders' equity 80,037 145,152
Noncontrolling interests 6,465 (4,214)
Total equity 86,502 140,938
Total liabilities and equity $ 401,586 $ 343,519