Company: SCLXW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001193125-25-283153
Chunk: 3

Company: Scilex Holding Co
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 3
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SCILEX HOLDING COMPANY 

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except for par value and share amounts) 

(Unaudited)

     September 30,2025

     December 31,2024

     ASSETS

     Current assets:

     Cash and cash equivalents
      
     $
     878

     $
     3,272

     Accounts receivable, net

     11,941

     26,442

     Inventory

     1,082

     2,436

     Prepaid expenses and other current assets

     2,586

     9,397

     Total current assets

     16,487

     41,547

     Property and equipment, net

     703

     708

     Operating lease right-of-use asset

     1,683

     2,225

     Intangibles, net

     30,422

     32,453

     Investments

     —

     2,420

     Equity investment

     16,351

     —

     Digital assets

     196,633

     —

     Goodwill

     13,481

     13,481

     Other long-term assets

     119

     119

     Total assets
      
     $
     275,879

     $
     92,953

     LIABILITIES AND STOCKHOLDERS’ DEFICIT

     Current liabilities:

     Accounts payable
      
     $
     67,362

     $
     52,620

     Accrued payroll

     395

     1,505

     Accrued rebates and fees

     213,381

     162,517

     Accrued expenses

     22,087

     2,841

     Current portion of deferred consideration

     417

     447

     Debt, current

     45,673

     34,876

     Promissory notes

     4,479

     —

     Purchased revenue liability, current

     4,358

     4,115

     Current portion of operating lease liabilities

     796

     714

     Total current liabilities

     358,948

     259,635

     Long-term portion of deferred consideration

     2,139

     2,448

     Debt, net of