Company: PGEN
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001356090-25-000024
Chunk: 18

Company: PRECIGEN, INC.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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SharesAmountBalances at December 31, 2023— $— 248,919,096 $— 7,479,431 $— $2,084,916 $(1,947)$(1,964,471)$118,498 Stock-based compensation expense— — — — — — 4,545 — — 4,545 Shares issued upon vesting of restricted stock units and for exercises of stock options— — 1,197,992 — (1,197,992)— 52 — — 52 Shares issued for accrued compensation— — 2,170,885 — (2,170,885)— 3,039 — — 3,039 Shares issued as payment for services— — 368,178 — (368,178)— 528 — — 528 Net loss— — — — — — — — (82,530)(82,530)Other comprehensive loss— — — — — — — (962)— (962)Balances at June 30, 2024— $— — 252,656,151 $— 3,742,376 $— $2,093,080 $(2,909)$(2,047,001)$43,170 

The accompanying notes are an integral part of these condensed consolidated financial statements.

9

Precigen, Inc. and Subsidiaries

Condensed Consolidated Statements of Cash Flows

(Unaudited)

 Six Months Ended  June 30,(Amounts in thousands)20252024Cash flows from operating activitiesNet loss$(80,795)$(82,530)Adjustments to reconcile net loss to net cash used in operating activities:Depreciation and amortization1,259 3,191 Loss (Gain) on disposals of assets, net14 (3)Impairment of goodwill3,907 1,630 Impairment of other noncurrent assets— 32,915 Change in fair value of warrant liabilities28,021 — Amortization of discounts on investments, net(1,174)(570)Stock-based compensation expense4,315 4,545 Shares issued as payment for services527 528 Deferred income taxes— (1,