| Schedule of Carrying Amounts of Major Classes of Assets and Liabilities Related to Assets Held for Sale |
The following table summarizes revenue and expenses of the discontinued operations for the three and six months ended June 30, 2022 (in thousands):
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|
|
|
|
|
|
|
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|
|
|
|
Three months ended June 30, 2022 |
|
Six months ended June 30, 2022 |
| Revenues: |
|
|
|
| Royalties |
$ |
139 |
|
|
$ |
402 |
|
| Contract revenue |
7,154 |
|
|
16,068 |
|
| Total revenues |
7,293 |
|
|
16,470 |
|
| Operating costs and expenses: |
|
|
|
| Amortization of intangibles |
3,274 |
|
|
6,507 |
|
| Research and development |
10,651 |
|
|
21,779 |
|
| General and administrative |
2,499 |
|
|
8,754 |
|
| Total operating costs and expenses |
16,424 |
|
|
37,040 |
|
| Loss from operations |
(9,131) |
|
|
(20,570) |
|
| Other income (expense): |
|
|
|
| Other income (expense), net |
(166) |
|
|
277 |
|
| Total other income (expense), net |
(166) |
|
|
277 |
|
| Loss before income tax |
(9,297) |
|
|
(20,293) |
|
| Income tax (expense) benefit |
(4,197) |
|
|
4,343 |
|
| Net loss |
$ |
(13,494) |
|
|
$ |
(15,950) |
|
The following table summarizes the significant non-cash items, capital expenditures of the discontinued operations, and financing activities that are included in the consolidated statements of cash flows for the six months ended June 30, 2022 (in thousands):
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|
Six months ended |
|
June 30, 2022 |
| Operating activities: |
|
| Change in fair value of contingent consideration |
$ |
(277) |
|
| Depreciation and amortization |
8,132 |
|
| Stock-based compensation expense |
4,433 |
|
|
|
| Investing activities: |
|
|
|
| Purchase of property, plant and equipment |
(7,005) |
|
|
|
|
|
| Financing activities: |
|
| Payments to CVR Holders |
$ |
(1,416) |
|
|
|
| Supplemental cash flow disclosures: |
|
| Purchases of property, plant and equipment included in accounts payable and accrued expenses |
$ |
3,601 |
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