Company: SCLXW
Filing Date: 2025-08-04
Form Type: S-1
Source: 0001193125-25-172703
Chunk: 535

Company: Scilex Holding Co
Filing Date: 2025-08-04
Form: S-1
Chunk 535
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5million. Lease expense was $ 1.0million and $ 1.1million for the years ended December 31, 2024 and 2023, respectively, and was primarily comprised of operating lease costs. The lease expense also included variable lease costs and sublease income, which were immaterial for the periods presented. F-48

Supplemental quantitative information related to leases includes the following:

|                                                                         |     | Year Ended December 31, |   2024 |   |     |   |   2023 |   |
|:------------------------------------------------------------------------|:----|:------------------------|-------:|:--|:----|:--|-------:|:--|
| Cash paid for amounts included in the measurement of lease liabilities: |     |                         |        |   |     |   |        |   |
| Operating cash flows from operating leases (in thousands)               |     | $                       | (1,042 | ) |     | $ | (1,021 | ) |
| Weighted average remaining lease term in years — operating leases       |     |                         |    2.8 |   |     |   |    3.6 |   |
| Weighted average discount rate — operating leases                       |     |                         |   11.0 | % |     |   |   11.1 | % |

Approximate future minimum lease payments under operating leases were as follows (in thousands):

| Year Ended December 31,                 
 2025                                    |     | Amount |   916 |   |
|:----------------------------------------|:----|:-------|------:|:--|
| 2026                                    |     |        |   944 |   |
| 2027                                    |     |        |   724 |   |
| Total lease payments                    |     |        | 2,584 |   |
| Less imputed interest                   |     |        |  (347 | ) |
| Total lease liabilities                 |     |        | 2,237 |   |
| Less current portion of lease liability |     |        |   714 |   |
| Lease liability, net of current portion |     | $      | 1,523 |   |

12. Income Taxes Total loss before income taxes for the years ended December 31, 2024 and 2023 did not include a foreign component.

The components of the provision (benefit) expense were as follows for the years ended December 31