Company: BLLN
Filing Date: 2025-06-20
Form Type: DRS
Source: 0000950123-25-006095
Chunk: 299

Company: BillionToOne, Inc.
Filing Date: 2025-06-20
Form: DRS
Chunk 299
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 of effective tax rates to statutory rates, as well as additional disaggregation of taxes paid. This ASU also removed disclosure related to certain unrecognized tax benefits and deferred taxes. ASU 2023-09is effective for fiscal years beginning after December 15, 2024. This ASU may be applied prospectively or retrospectively, and early adoption is permitted. The Company is currently evaluating the impact of the adoption of this standard on the Company’s financial statement disclosures. In November 2024 and January 2025, FASB issued ASU 2024-03and ASU 2025-01,respectively, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40):Disaggregation of Income Statement Expenses, which requires disclosure in the notes to the financial statements of specified information about an entity’s certain costs and expenses. The amendments to the standards are effective for the Company’s fiscal year beginning January 1, 2027 and interim periods beginning January 1, 2028. Early adoption is permitted. The amendments should be applied either prospectively to the financial statements issued for reporting periods after the effective date of this ASU or retrospectively to any or all prior periods presented in the financial statements. The Company is currently evaluating this ASU to determine the impact it may have on its financial statements and related disclosures. (3) Fair Value Measurements The fair value measurements of assets and liabilities that are measured at fair value on a recurring basis consisted of the following as of December 31, 2023 (in thousands):

|                                                 |     | Level 1 |   |     | Level 2 |   |     | Level 3 |        |     | Total |        |
|:------------------------------------------------|:----|:--------|:--|:----|:--------|:--|:----|:--------|-------:|:----|:------|-------:|
| Redeemable convertible preferred stock warrants |     | $       | - |     | $       | - |     | $       |    146 |     | $     |    146 |
| Common stock warrants                           |     |         | - |     |         | - |     |         |  1,653 |     |       |  1,653 |
| Convertible notes                               |     |         | - |     |         | - |     |         | 47,686 |     |       | 47,686 |
| Total liabilities