Company: PGEN
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001356090-25-000007
Chunk: 245

Company: PRECIGEN, INC.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 12
Chunk 245
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. The arrangements classified as long-term are not active while the respective counterparties evaluate the status of the project and its desired future development activities since the Company cannot reasonably estimate the amount of service to be performed over the next year. Deferred revenue consisted of the following: December 31, 20242023Collaboration and licensing agreements$1,818 $1,818 Prepaid product and service revenues15 15 Other690 494 Total$2,523 $2,327 Current portion of deferred revenue$589 $509 Long-term portion of deferred revenue1,934 1,818 Total$2,523 $2,327 

F-28

6. Short-term Investments

The Company's investments are classified as available-for-sale. The following table summarizes the amortized cost, gross unrealized gains and losses, and fair value of available-for-sale investments as of December 31, 2024:AmortizedCostGrossUnrealizedGainsGrossUnrealizedLossesAggregateFair ValueUnited States government debt securities$67,464 $15 $(5)$67,474 Certificates of deposit848 3 — 851 Corporate Bonds69 — (1)68 Total$68,381 $18 $(6)$68,393 The following table summarizes the amortized cost, gross unrealized gains and losses, and fair value of available-for-sale investments as of December 31, 2023:AmortizedCostGrossUnrealizedGainsGrossUnrealizedLossesAggregateFair ValueUnited States government debt securities$51,704 $102 $(135)$51,671 Certificates of deposit3,361 1 (1)3,361 Corporate Bonds245 — — $245 Total$55,310 $103 $(136)$55,277 In addition, at December 31, 2024 and December 31, 2023, the Company held U.S. government debt securities valued at $24,169 and $1,502, respectively, which was included in cash and cash equivalents in the consolidated balance sheets as these investments had an original maturity of less than three months when purchased. See Notes 2 and 7 for further discussion on the Company's method for determining the fair value of its assets.The estimated fair value of available-for-sale investments was $68,393 at December 31, 2024, and