Company: PGEN
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001356090-25-000024
Chunk: 86

Company: PRECIGEN, INC.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 8
Chunk 86
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 costs$415 $609 $831 $1,218 Short-term lease costs8 22 18 35 Variable lease costs90 92 180 184 Lease costs$513 $723 $1,029 $1,437 As of June 30, 2025, maturities of lease liabilities, excluding short-term and variable leases were as follows:2025$708 20261,572 20271,358 20281,263 20291,295 2030553 Thereafter— Total$6,749 Present value adjustment(1,596)Total$5,153 Current portion of operating lease liabilities$930 Long-term portion of operating lease liabilities4,223 Total$5,153 

25

Other information related to operating leases was as follows:June 30,2025December 31,2024Weighted average remaining lease term (years)4.404.83Weighted average discount rate11.54 %11.57 %Six Months Ended  June 30,20252024Supplemental disclosure of cash flow informationCash paid for operating lease liabilities$834 $1,144 Operating lease right-of-use assets obtained in exchange for new lease liabilities (includes new leases or modifications of existing leases)297 572 

13. Commitments and Contingencies

In December 2020, a derivative shareholder action, captioned Edward D. Wright, derivatively on behalf of Precigen, Inc. F/K/A Intrexon Corp. v. Alvarez et al, was filed in the Circuit Court for Fairfax County in Virginia on behalf of Precigen, Inc. The complaint named as defendants certain of the Company' directors and certain of the Company's current and former officers. The complaint's claims related to disclosures made by the Company about MBP program from May 10, 2017 to March 1, 2019. The plaintiff seeks damages, forfeiture of benefits received by defendants, and an award of reasonable attorneys' fees and costs. The case was stayed by an order entered on June 14, 2021. On September 24, 2021, an individual shareholder filed a lawsuit in the Circuit Court for Henrico County styled Kent v. Precigen, Inc., Case CL21-6349. The Kent action, also related to disclosures regarding MBP program, demands inspection of certain books and records of the Company pursuant to Virginia statutory and common law