Company: LENZ
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001815776-25-000056
Chunk: 354

Company: LENZ Therapeutics, Inc.
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 354
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-wide basis using net loss as the primary performance measure. Asset information provided to the CODM is consistent with those reported on the condensed consolidated balance sheets and are attributable to the United States.The table below shows a reconciliation of the Company's net loss, including the significant expense categories regularly provided to and reviewed by the CODM, as computed under U.S. GAAP, to the Company's total consolidated net loss in the condensed consolidated statements of operations:Three Months Ended June 30,Six Months Ended June 30,2025202420252024Revenue:License revenue$5,000 $— $5,000 $— Total revenue5,000 — 5,000 — Operating expenses:Research and development expenses(1)8,334 6,583 13,499 16,926 Selling, general, and administrative expenses(1)10,678 6,172 19,889 10,970 Share-based compensation expense2,845 1,597 5,400 2,544 Total operating expenses21,857 14,352 38,788 30,440 Loss from operations(16,857)(14,352)(33,788)(30,440)Other income (expense):Other income (expense)199 1,635 188 287 Interest income2,246 2,463 4,569 3,251 Net loss before income taxes(14,412)(10,254)(29,031)(26,902)Income tax expense500 — 500 — Net loss$(14,912)$(10,254)$(29,531)$(26,902)__________________(1)Amounts exclude share-based compensation expense.Recently Issued Accounting PronouncementsIn December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The update requires a public business entity to disclose, on an annual basis, a tabular rate reconciliation using both percentages and currency amounts, broken out into specified categories with certain reconciling items further broken out by nature and jurisdiction to the extent those items exceed a specified threshold. In addition, all entities are required to disclose income taxes paid, net of refunds received disaggregated by federal, state/local, and foreign jurisdictions if the amount is at least 5% of total income tax payments, net of refunds received. Adoption of the ASU allows for either the