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Segment Information (Tables)
3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Summary of Information by Reportable Segments

The following table presents information about the Company’s reportable segments for the three months ended March 31, 2021 and 2020 (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2021

 

 

2020

 

 

 

Sorrento

Therapeutics

 

 

Scilex

 

 

Total

 

 

Sorrento

Therapeutics

 

 

Scilex

 

 

Total

 

External revenues

 

$

7,269

 

 

$

6,986

 

 

$

14,255

 

 

$

2,510

 

 

$

5,211

 

 

$

7,721

 

Operating expenses

 

 

81,877

 

 

 

17,283

 

 

 

99,160

 

 

 

33,248

 

 

 

17,636

 

 

 

50,884

 

Operating loss

 

 

(74,608

)

 

 

(10,297

)

 

 

(84,905

)

 

 

(30,738

)

 

 

(12,425

)

 

 

(43,163

)

Unrestricted cash

 

 

31,109

 

 

 

10,569

 

 

 

41,678

 

 

 

11,777

 

 

 

10,120

 

 

 

21,897