Spin-off of OmniAb (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Carrying Amounts of Major Classes of Assets and Liabilities Related to Assets Held for Sale

The following table summarizes revenue and expenses of the discontinued operations for the three and six months ended June 30, 2022 (in thousands):

	Three months ended June 30, 2022		Six months ended June 30, 2022
Revenues:
Royalties	$	139	$	402
Contract revenue	7,154		16,068
Total revenues	7,293		16,470
Operating costs and expenses:
Amortization of intangibles	3,274		6,507
Research and development	10,651		21,779
General and administrative	2,499		8,754
Total operating costs and expenses	16,424		37,040
Loss from operations	(9,131)		(20,570)
Other income (expense):
Other income (expense), net	(166)		277
Total other income (expense), net	(166)		277
Loss before income tax	(9,297)		(20,293)
Income tax (expense) benefit	(4,197)		4,343
Net loss	$	(13,494)	$	(15,950)

The following table summarizes the significant non-cash items, capital expenditures of the discontinued operations, and financing activities that are included in the consolidated statements of cash flows for the six months ended June 30, 2022 (in thousands):

	Six months ended
	June 30, 2022
Operating activities:
Change in fair value of contingent consideration	$	(277)
Depreciation and amortization	8,132
Stock-based compensation expense	4,433
Investing activities:
Purchase of property, plant and equipment	(7,005)
Financing activities:
Payments to CVR Holders	$	(1,416)
Supplemental cash flow disclosures:
Purchases of property, plant and equipment included in accounts payable and accrued expenses	$	3,601