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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 41,678 $ 56,464
Marketable investment 194,431  
Accounts receivables, net 16,309 15,506
Inventory 1,779 1,831
Prepaid expenses 7,656 8,712
Other current assets 3,848 3,721
Total current assets 265,701 86,234
Property and equipment, net 34,681 31,861
Operating lease right-of-use assets 39,011 42,052
Intangibles, net 72,640 73,675
Goodwill 43,554 43,554
Equity investments 155,979 256,397
Other assets, net 2,049 2,049
Total assets 613,615 535,822
Current liabilities:    
Accounts payable 25,060 24,706
Accrued payroll and related benefits 16,286 20,859
Accrued expenses 27,728 19,198
Current portion of deferred revenue 1,120 4,485
Current portion of operating lease liabilities 3,734 3,626
Acquisition consideration payable 398 398
Current portion of debt 21,718 23,208
Total current liabilities 96,044 96,480
Long-term debt, net of discount 79,956 92,258
Deferred tax liabilities, net 6,699 6,918
Deferred revenue 116,926 113,185
Derivative liabilities 33,200 35,400
Operating lease liabilities 49,354 50,301
Other long-term liabilities 549 549
Total liabilities 382,728 395,091
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 285,655,428 and 275,285,582 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively 29 28
Additional paid-in capital 1,236,195 1,172,346
Accumulated other comprehensive income (loss) 445 520
Accumulated deficit (955,769) (958,279)
Treasury stock, 7,568,182 shares at cost at March 31, 2021, and December 31, 2020 (49,464) (49,464)
Total Sorrento Therapeutics, Inc. stockholders’ equity 231,436 165,151
Noncontrolling interests (549) (24,420)
Total equity 230,887 140,731
Total liabilities and stockholders’ equity $ 613,615 $ 535,822