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Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Product sales $ 8,550 $ 7,125 $ 17,575 $ 12,825
Lease income from a related party 23 37 60 73
Total revenues 8,573 7,162 17,635 12,898
Costs of revenues:        
Cost of goods sold 1,865 1,537 3,842 2,774
Royalty fee 1,685 1,445 3,466 2,566
Total costs of revenues 3,550 2,982 7,308 5,340
Gross Profit 5,023 4,180 10,327 7,558
Operating expenses:        
Research and development 3,851 2,255 7,843 7,513
General and administrative 5,520 5,488 10,845 10,990
Selling and marketing 3,398 3,360 6,675 6,075
Acquired in-process research and development 0 1,055 0 6,555
Total operating expenses 12,769 12,158 25,363 31,133
Loss from operations (7,746) (7,978) (15,036) (23,575)
Non-operating income (expense):        
Interest income, net 40 76 114 182
Other income 11 33 49 53
Foreign exchange gain 1,355 76 1,688 295
Change in fair value of investments (1,153) 1,914 (2,708) 3,482
Impairment loss of long-term investments   (865)   (865)
Loss before income tax expense (7,493) (6,744) (15,893) (20,428)
Net loss (7,493) (6,744) (15,893) (20,428)
Less: loss attributable to redeemable noncontrolling interest (548) (317) (965) (666)
Accretion to redeemable noncontrolling interest redemption value 735 519 1,348 1,067
Net loss attributable to CASI Pharmaceuticals, Inc. $ (7,680) $ (6,946) $ (16,276) $ (20,829)
Net loss per share (basic) $ (0.56) $ (0.50) $ (1.19) $ (1.57)
Net loss per share (diluted) $ (0.56) $ (0.50) $ (1.19) $ (1.57)
Weighted average number of common stock outstanding (basic) 13,606,130 13,979,636 13,700,282 13,235,128
Weighted average number of common stock outstanding (diluted) 13,606,130 13,979,636 13,700,282 13,235,128
Comprehensive loss:        
Net loss $ (7,493) $ (6,744) $ (15,893) $ (20,428)
Foreign currency translation adjustment (3,541) 1,005 (3,293) 833
Total comprehensive loss (11,034) (5,739) (19,186) (19,595)
Less: Comprehensive loss attributable to redeemable noncontrolling interest (1,800) 14 (2,144) (403)
Comprehensive loss attributable to common stockholders $ (9,234) $ (5,753) $ (17,042) $ (19,192)