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Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Product sales $ 10,213 $ 8,075 $ 27,788 $ 20,900
Lease income from a related party   37 60 110
Total revenues 10,213 8,112 27,848 21,010
Costs of revenues:        
Costs of revenues 4,247 3,417 11,555 8,757
Gross Profit 5,966 4,695 16,293 12,253
Operating expenses:        
Research and development 3,905 2,895 11,748 10,408
General and administrative 4,849 5,259 15,694 16,249
Selling and marketing 3,566 3,433 10,241 9,508
Acquired in-process research and development 0 0 0 6,555
Total operating expenses 12,320 11,587 37,683 42,720
Loss from operations (6,354) (6,892) (21,390) (30,467)
Non-operating income (expense):        
Interest (expense)/income, net (13) 79 101 261
Other income 11 487 60 540
Foreign exchange gains/(losses) 637 (6) 2,325 289
Change in fair value of investments 696 (3,687) (2,012) (205)
Impairment loss of long-term investments       (865)
Loss before income tax expense (5,023) (10,019) (20,916) (30,447)
Net loss (5,023) (10,019) (20,916) (30,447)
Less: loss attributable to redeemable noncontrolling interest (738) (314) (1,703) (980)
Accretion to redeemable noncontrolling interest redemption value 916 519 2,264 1,586
Net loss attributable to CASI Pharmaceuticals, Inc. $ (5,201) $ (10,224) $ (21,477) $ (31,053)
Net loss per share (basic) $ (0.38) $ (0.73) $ (1.57) $ (2.30)
Net loss per share (diluted) $ (0.38) $ (0.73) $ (1.57) $ (2.30)
Weighted average number of common stock outstanding (basic) 13,606,130 13,979,636 13,668,553 13,486,024
Weighted average number of common stock outstanding (diluted) 13,606,130 13,979,636 13,668,553 13,486,024
Comprehensive loss:        
Net loss $ (5,023) $ (10,019) $ (20,916) $ (30,447)
Foreign currency translation adjustment (3,127) 15 (6,420) 848
Total comprehensive loss (8,150) (10,004) (27,336) (29,599)
Less: Comprehensive loss attributable to redeemable noncontrolling interest (2,074) (309) (4,218) (712)
Comprehensive loss attributable to common stockholders $ (6,076) $ (9,695) $ (23,118) $ (28,887)