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Loss Per Share (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Earnings Per Share [Abstract]

Schedule of the reconciliation of basic and diluted loss per share

The following table sets forth the reconciliation of basic and diluted loss per share for the three and six months ended June 30, 2023 and 2022 (in thousands except per share data):

		Three Months Ended June 30,								Six Months Ended June 30,
		2023				2022				2023				2022
Net loss for basic loss per share available to common stockholders		$	(26,649	)		$	(17,838	)		$	(57,402	)		$	(26,981	)
Net loss for diluted loss per share available to common stockholders		$	(26,649	)		$	(17,838	)		$	(57,402	)		$	(26,981	)
Weighted average number of shares outstanding—basic			142,626				133,060				142,146				133,043
Effect of dilutive securities			—				—				—				—
Weighted average number of shares and assumed conversions—diluted			142,626				133,060				142,146				133,043
Loss per share
Basic		$	(0.19	)		$	(0.13	)		$	(0.40	)		$	(0.20	)
Diluted		$	(0.19	)		$	(0.13	)		$	(0.40	)		$	(0.20	)

The following table sets forth the reconciliation of basic and diluted loss per share for the years ended December 31, 2022, 2021, and 2020 (in thousands except per share data):

		Year Ended December 31,
		2022				2021				2020
Net loss attributable to Scilex		$	(23,364	)		$	(88,424	)		$	(47,519	)
Net loss attributable to participating securities		$	—			$	—			$	—
Net loss attributable to common stockholders		$	(23,364	)		$	(88,424	)		$	(47,519	)
Weighted average common shares outstanding			134,226				132,858				132,891
Effect of Dilutive Securities			—				—				—
Denominator for Diluted Loss per Share—Adjusted for Dilutive Securities			134,226				132,858				132,891
Basic and Diluted Loss Per Share		$	(0.17	)		$	(0.67	)		$	(0.36	)

Schedule of potentially dilutive outstanding securities were excluded from the computation of diluted net loss per share

The following potentially dilutive outstanding securities were excluded from the computation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented:

		June 30, 2023				December 31, 2022
Stock options			31,353,086				16,939,093
Public Warrants			6,854,309				6,899,988
Private Warrants			4,104,000				4,104,000
Retainer shares			4,000,000				—
Convertible Debentures			2,343,750				—
Total			48,655,145				27,943,081

The following potentially dilutive outstanding securities were excluded from the computation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented:

		Year Ended December 31,
		2022				2021				2020
Stock options			16,939,093				18,967,724				20,746,432
Public Warrants			6,899,988				—				—
Private Warrants			4,104,000				—				—

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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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