Company: PRME
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001628280-25-008884
Chunk: 272

Company: Prime Medicine, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 16
Chunk 272
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639 — 74,639 Related party short-term investment:Beam equity securities5,452 — — 5,452 Total cash equivalents and investments$5,452 $98,848 $— $104,300 The Company classifies its investments as short-term based on each instrument’s underlying contractual maturity date. The fair value of investments classified as Level 2 are valued using observable inputs to quoted market prices, benchmark yields, reported trades, broker/dealer quotes or alternative pricing sources with reasonable levels of price transparency.Investments in Debt SecuritiesUnrealized gains and losses of investments in debt securities consisted of the following:December 31, 2024(in thousands)Amortized CostUnrealized GainsUnrealized LossesFair ValueShort-term investments in debt securities:U.S. Treasury and government securities$2,997 $1 $— $2,998 

F-17

December 31, 2023(in thousands)Amortized CostUnrealized GainsUnrealized LossesFair ValueShort-term investments in debt securities:U.S. Treasury and government securities$74,654 $7 $(22)$74,639 The contractual maturities of the Company’s investments in debt securities held were as follows:(in thousands)December 31,2024December 31,2023Due within one year$2,998 $74,639 There were no marketable securities in unrealized loss positions as of December 31, 2024. Based on factors such as historical experience, market data, issuer-specific factors, and current economic conditions, the Company did not record an allowance for credit losses as of December 31, 2024 related to these investments. Further, given the lack of significant change in the credit risk, the Company does not consider these investments to be impaired.

4.Property and Equipment, Net 

Property and equipment, net consisted of the following:December 31,(in thousands)20242023Property and equipment:Laboratory equipment$27,343 $23,873 Leasehold improvement5,136 579 Furniture and fixture1,075 278 Computer hardware and software869 11 Construction in progress3,578 5,402 Total property and equipment38,001 30,143 Less: Accumulated depreciation(13,597)(7,484)Total property and equipment, net$24,404 $22,659 Deprec