v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 4,099 $ 3,272
Accounts receivable, net 16,767 26,442
Inventory 2,519 2,436
Prepaid expenses and other current assets 10,286 9,397
Total current assets 33,671 41,547
Property and equipment, net 705 708
Operating lease right-of-use asset 1,868 2,225
Intangibles, net 31,443 32,453
Investments 2,468 2,420
Goodwill 13,481 13,481
Other long term assets 119 119
Total assets 83,755 92,953
Current liabilities:    
Accounts payable 59,155 52,620
Accrued payroll 1,633 1,505
Accrued rebates and fees 192,940 162,517
Accrued expenses 6,548 2,841
Current portion of deferred consideration 427 447
Debt, current 39,871 34,876
Purchased revenue liability, current 4,590 4,115
Current portion of operating lease liabilities 768 714
Total current liabilities 305,932 259,635
Long-term portion of deferred consideration 2,240 2,448
Debt, net of issuance costs 0 845
Purchased revenue liability, net of current portion 3,010 2,685
Derivative liabilities 20,269 18,303
Operating lease liabilities, net of current portion 1,126 1,523
Other long-term liabilities 165 155
Total liabilities 332,742 285,594
Commitments and contingencies (See Note 11)
Stockholders' deficit:    
Common stock, $0.0001 par value, 740,000,000 shares authorized; 6,955,694 shares issued and 5,497,431 shares outstanding as of June 30, 2025; 6,951,622 shares issued and 5,235,377 shares outstanding as of December 31, 2024 1 1
Additional paid-in capital 453,049 454,614
Accumulated other comprehensive income 6,317 6,317
Accumulated deficit (631,440) (563,052)
Treasury stock, at cost; 1,458,263 and 1,716,245 shares as of June 30, 2025 and December 31, 2024, respectively (76,915) (90,522)
Total stockholders deficit (248,987) (192,641)
Noncontrolling interests 0 0
Total Scilex Holding Company stockholders' deficit (248,987) (192,641)
Total liabilities and stockholders' deficit 83,755 92,953
Series Preferred Stock [Member]    
Stockholders' deficit:    
Preferred Stock, Value 0 0
Series A Preferred Stock [Member]    
Stockholders' deficit:    
Preferred Stock, Value $ 1 $ 1