XML 16 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 75,176 $ 22,521
Restricted cash   13,098
Accounts receivables, net 14,768 14,454
Inventory 2,144 3,362
Prepaid expenses and other 13,900 14,153
Total current assets 105,988 67,588
Property and equipment, net 29,454 29,888
Operating lease right-of-use assets 44,833 46,384
Intangibles, net 79,967 63,308
Goodwill 38,298 38,298
Equity investments 256,420 262,241
Restricted cash 45,000 45,150
Other, net 2,125 4,775
Total assets 602,085 557,632
Current liabilities:    
Accounts payable 22,849 27,630
Accrued payroll and related benefits 17,930 15,914
Accrued expenses 24,562 18,728
Current portion of deferred revenue 4,170 3,643
Acquisition consideration payable 398 908
Current portion of derivative liabilities   8,800
Current portion of debt 18,529 36,261
Current portion of operating lease liabilities 3,687 3,322
Total current liabilities 92,125 115,206
Long-term debt, net of discount 149,459 199,088
Deferred tax liabilities, net 7,055 9,043
Deferred revenue 113,477 114,389
Derivative liabilities 42,900 35,000
Operating lease liabilities 51,236 52,111
Other long-term liabilities 549 39
Total liabilities 456,801 524,876
Commitments and contingencies (See Note 10)
Sorrento Therapeutics, Inc. equity    
Preferred stock, $0.0001 par value; 100,000,000 shares authorized and no shares issued or outstanding
Common stock, $0.0001 par value 750,000,000 shares authorized and 261,737,622 and 167,798,120 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively 28 18
Additional paid-in capital 1,141,208 788,122
Accumulated other comprehensive gain (loss) 444 (270)
Accumulated deficit (886,776) (659,818)
Treasury stock, 7,568,182 shares at cost at September 30, 2020, and December 31, 2019 (49,464) (49,464)
Total Sorrento Therapeutics, Inc. stockholders’ equity 205,440 78,588
Noncontrolling interests (60,156) (45,832)
Total equity 145,284 32,756
Total liabilities and stockholders’ equity $ 602,085 $ 557,632