XML 19 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Revenues $ 14,255 $ 7,721
Operating costs and expenses:    
Research and development 43,833 21,154
Acquired in-process research and development 7,512  
Selling, general and administrative 43,394 26,299
Intangible amortization 1,035 992
Total operating costs and expenses 99,160 50,884
Loss from operations (84,905) (43,163)
Gain on derivative liabilities 2,200 4,920
Loss on foreign currency exchange (540) (147)
Interest expense, net (2,366) (6,806)
Gain on marketable investment 94,431  
Loss on equity method investments (419) (556)
Loss on debt extinguishment, net (6,111) (23,645)
Other loss (78) (59)
Income (loss) before income tax 2,212 (69,456)
Income tax benefit (206) (276)
Net income (loss) 2,418 (69,180)
Net loss attributable to noncontrolling interests (92) (3,985)
Net income (loss) attributable to Sorrento $ 2,510 $ (65,195)
Net income (loss) per share - basic per share attributable to Sorrento $ 0.01 $ (0.36)
Net income (loss) per share - diluted per share attributable to Sorrento $ 0.01 $ (0.36)
Weighted-average shares used during period - basic per share attributable to Sorrento 280,604 182,609
Weighted-average shares used during period - diluted per share attributable to Sorrento 297,909 182,609
Product    
Revenues:    
Revenues $ 7,023 $ 5,248
Operating costs and expenses:    
Cost of products sold and services 852 548
Service    
Revenues:    
Revenues 7,232 2,473
Operating costs and expenses:    
Cost of products sold and services $ 2,534 $ 1,891