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Loss Per Share (Tables)
 9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Basic and Diluted Loss Per Share

The following table sets forth the reconciliation of basic and diluted loss per share for the three and nine months ended September 30, 2020 and 2019 (in thousands except per share amounts):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to Sorrento

 

$

(84,023

)

 

$

(64,415

)

 

$

(226,959

)

 

$

(229,248

)

Net loss attributable to Semnur holders of Scilex Holding

 

 

(1,868

)

 

 

(6,205

)

 

 

(8,524

)

 

 

(34,819

)

Net loss used for diluted earnings per share

 

$

(85,891

)

 

$

(70,620

)

 

$

(235,483

)

 

$

(264,067

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for Basic Loss Per Share

 

 

251,211

 

 

 

130,800

 

 

 

217,050

 

 

 

125,240

 

Potentially dilutive shares of Sorrento common stock issuable upon Semnur Share Exchange

 

 

6,459

 

 

 

9,645

 

 

 

6,459

 

 

 

7,025

 

Denominator for Diluted Loss Per Share

 

 

257,670

 

 

 

140,445

 

 

 

223,509

 

 

 

132,265

 

Basic Loss Per Share

 

$

(0.33

)

 

$

(0.49

)

 

$

(1.05

)

 

$

(1.83

)

Diluted Loss Per Share

 

$

(0.33

)

 

$

(0.50

)

 

$

(1.05

)

 

$

(2.00

)