Company: PGEN
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001356090-25-000007
Chunk: 251

Company: PRECIGEN, INC.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 12
Chunk 251
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ure.The Convertible Notes matured on July 1, 2023, although certain notes were repurchased prior to their maturity beginning in third quarter of 2022. On June 30, 2023, the Company repurchased all remaining outstanding Convertible Notes at par plus accrued interest.The components of interest expense related to the Convertible Notes were as follows: Year Ended December 31, 20232022Cash interest expense$397 $5,727 Non-cash interest expense60 1,042 Total interest expense$457 $6,769 

11. Income Taxes

The components of loss from continuing operations before income taxes are presented below:Year Ended December 31,202420232022Domestic$(85,879)$(93,522)$(76,572)Foreign(42,149)(2,840)(3,394)Loss from continuing operations before income taxes$(128,028)$(96,362)$(79,966)The components of income tax benefit from continuing operations are presented below:Year Ended December 31,202420232022United States federal income taxes:Deferred$(41)$(247)$37 Foreign income taxes:Current— — (39)Deferred(1,743)(152)(198)State income taxes:Current2 21 — Deferred(11)(80)11 Income tax benefit from continuing operations$(1,793)$(458)$(189)

F-33

Income tax benefit from continuing operations for the years ended December 31, 2024, 2023, and 2022 differed from amounts computed by applying the applicable United States federal corporate income tax rate of 21% to loss before income taxes as a result of the following:202420232022Computed statutory income tax benefit from continuing operations$(26,886)$(20,236)$(16,793)State and provincial income tax benefit, net of federal income taxes(4,092)(6,693)(2,884)Nondeductible stock based compensation313 3,417 179 Nondeductible officer compensation309 278 263 Impairment of goodwill551 — 101 Nondeductible equity investment loss— — 3,093 Research and development tax incentives(1,750)(1,383)(991)United States-foreign rate differential(1,081)(15)18 Other, net60 1,109 533 (32,576)(23,