Company: SCLXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0000950170-25-047800
Chunk: 282

Company: Scilex Holding Co
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 282
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 F-2

PART I—FINANCIAL INFORMATION

Item 1. Financial Statements

SCILEX HOLDING COMPANY 

CONSOLIDATED BALANCE SHEETS

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

    December 31,2024

    December 31,2023

    ASSETS

    Current assets:

    Cash and cash equivalents
     
    $
    3,272

    $
    3,921

    Accounts receivable, net

    26,442

    34,597

    Inventory

    2,436

    4,214

    Prepaid expenses and other current assets

    9,397

    4,049

    Total current assets

    41,547

    46,781

    Property and equipment, net

    708

    722

    Operating lease right-of-use asset

    2,225

    2,943

    Intangibles, net

    32,453

    36,485

    Investments

    2,420

    —

    Goodwill

    13,481

    13,481

    Other long-term assets

    119

    897

    Total assets
     
    $
    92,953

    $
    101,309

    LIABILITIES AND STOCKHOLDERS’ DEFICIT

    Current liabilities:

    Accounts payable
     
    $
    52,620

    $
    40,954

    Accrued payroll

    1,505

    2,681

    Accrued rebates and fees

    162,517

    89,658

    Accrued expenses

    2,841

    7,408

    Current portion of deferred consideration

    447

    491

    Debt, current

    34,876

    108,429

    Purchased revenue liability, current

    4,115

    —

    Current portion of operating lease liabilities

    714

    759

    Total current liabilities

    259,635

    250,380

    Long-term portion of deferred consideration

    2,448

    2,895

    Debt, net of issuance costs

    845

    17,038

    Purchased revenue liability, net of current portion