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Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Data [Abstract]  
Schedule of Quarterly Financial Data

The following table sets forth selected quarterly data for the years presented, in thousands, except per share data.

 

 

 

Quarter Ended

 

 

Quarter Ended

 

 

Quarter Ended

 

 

Quarter Ended

 

 

Year Ended

 

2016

 

December 31,

 

 

September 30,

 

 

June 30,

 

 

March 31,

 

 

December 31,

 

Revenues

 

$

4,019

 

 

$

2,243

 

 

$

902

 

 

$

988

 

 

$

8,152

 

Operating costs and expenses

 

$

21,823

 

 

$

14,491

 

 

$

45,613

 

 

$

23,002

 

 

$

104,929

 

Net income (loss) attributable to Sorrento

 

$

(17,859)

 

 

$

15,891

 

 

$

(43,305)

 

 

$

(15,650)

 

 

$

(60,923)

 

Net income (loss) per share - basic and

   diluted

 

$

(0.30)

 

 

$

0.24

 

 

$

(0.93)

 

 

$

(0.41)

 

 

$

(1.21)

 

Weighted-average shares - basic

 

 

58,634

 

 

 

66,193

 

 

 

46,498

 

 

 

37,965

 

 

 

50,360

 

Weighted-average shares - diluted

 

 

58,634

 

 

 

66,527

 

 

 

46,498

 

 

 

37,965

 

 

 

50,360

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

 

Quarter Ended

 

 

Quarter Ended

 

 

Quarter Ended

 

 

Year Ended

 

2015

 

December 31,

 

 

September 30,

 

 

June 30,

 

 

March 31,

 

 

December 31,

 

Revenues

 

$

1,337

 

 

$

1,103

 

 

$

1,173

 

 

$

977

 

 

$

4,590

 

Operating costs and expenses

 

$

18,997

 

 

$

36,738

 

 

$

11,706

 

 

$

11,154

 

 

$

78,595

 

Net loss attributable to Sorrento

 

$

(26,599

)

 

$

(2,079

)

 

$

(10,958

)

 

$

(10,438

)

 

$

(50,074

)

Net loss per share - basic and diluted

 

$

(0.62

)

 

$

(0.03

)

 

$

(0.30

)

 

$

(0.29

)

 

$

(1.24

)

Weighted-average shares

 

 

37,770

 

 

 

37,328

 

 

 

36,315

 

 

 

36,206

 

 

 

36,909