Company: SCLXW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0000950170-25-071517
Chunk: 3

Company: Scilex Holding Co
Filing Date: 2025-05-14
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)

     March 31,2025

     December 31,2024

     ASSETS

     Current assets:

     Cash and cash equivalents
      
     $
     5,800

     $
     3,272

     Accounts receivable, net

     10,619

     26,442

     Inventory

     3,017

     2,436

     Prepaid expenses and other current assets

     9,268

     9,397

     Total current assets

     28,704

     41,547

     Property and equipment, net

     707

     708

     Operating lease right-of-use asset

     2,049

     2,225

     Intangibles, net

     31,451

     32,453

     Investments

     2,465

     2,420

     Goodwill

     13,481

     13,481

     Other long-term assets

     119

     119

     Total assets
      
     $
     78,976

     $
     92,953

     LIABILITIES AND STOCKHOLDERS’ DEFICIT

     Current liabilities:

     Accounts payable
      
     $
     57,257

     $
     52,620

     Accrued payroll

     1,654

     1,505

     Accrued rebates and fees

     168,429

     162,517

     Accrued expenses

     3,482

     2,841

     Current portion of deferred consideration

     437

     447

     Debt, current

     39,442

     34,876

     Purchased revenue liability, current

     4,303

     4,115

     Current portion of operating lease liabilities

     740

     714

     Total current liabilities

     275,744

     259,635

     Long-term portion of deferred consideration

     2,343

     2,448

     Debt, net of issuance costs

     -

     845

     Purchased revenue liability, net of current portion

     2,997

     2,