Quarterly report pursuant to Section 13 or 15(d)

Collaboration and Stock Purchase Agreements (Tables)

v3.23.2
Collaboration and Stock Purchase Agreements (Tables)
6 Months Ended
Jun. 30, 2023
Collaboration and Stock Purchase Agreements  
Summary of deconsolidation of subsidiary

($ in thousands)

April 2023

ASSETS

Current assets

Cash and cash equivalents

$

5

Prepaid expenses and other current assets

9

Total current assets

$

14

LIABILITIES

Current liabilities

Accounts payable and accrued expenses

$

2,875

Interest payable

843

Note payable

9,329

Total current liabilities

13,047

Net liabilities impacted by deconsolidation

$

13,033

($ in thousands)

Loss on deconsolidation of Aevitas

Fair value of Aevitas interest retained

$

2,585

Net liabilities deconsolidated

13,033

Non-controlling interest share

(5,891)

Write-off of balance due Fortress

(13,096)

Loss from deconsolidation of Aevitas

$

(3,369)