SEC Comment Letter for PRECIGEN, INC. (PGEN) (CIK 0001356090) (PGEN) — Apr 9, 2018
PRECIGEN, INC. (PGEN) (CIK 0001356090)
Date: April 9, 2018 · CIK: 0001356090 · Accession: 0000000000-18-010633
AI Filing Summary & Sentiment
Reasoning
Letter
Mail Stop 3561 April 9 , 2018 Via E -mail Mr. Rick L. Sterling Chief Financial Officer Intrexon Corporation 20374 Seneca Meadows Parkway Germantown, MD 20876
Re: Intrexon Corporation Form 10-K for the Year Ended December 31 , 2017 Filed March 1, 2018 File No. 001 -36042
Dear Mr. Sterling :
We have limited our review of your filing to the financial statements and related disclosures and have the following comment s. In some of our comment s, we may ask you to provide us with information so we may better understand your disclosure.
Please respond to the se comment s within ten busines s days by provi ding the requested information or advise us as soon as possible when you wil l respond . If you do not believe our comment s apply to your facts a nd circumstances, please tell us why in your response.
After reviewing you r response to these comment s, we may have additional comments.
Form 10 -K for the Year Ended December 31, 201 7
Financial Statements Consolidated Balance Sheet s, page F -5
1. Please disclose your deferred revenue from related parties on the face of the balance sheet. Refer to Rule 4 -08(k) of Regulation S -X.
Notes to Consolidated Financial Statements 5. Collaboration and Licensing Revenue, page F -32
2. Please disclose the estimated remaining performance period for your significant collaboration agreements.
Mr. Rick L. sterling Intrexon Corporation April 9 , 2018 Page 2
We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
You may contact Raj Rajan at 202-551-3388 or me at 202 -551-3651 with any questions.
Sincerely,
/s/ Joel Parker
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Mail Stop 3561
April 9 , 2018
Via E -mail
Mr. Rick L. Sterling
Chief Financial Officer
Intrexon Corporation
20374 Seneca Meadows Parkway
Germantown, MD 20876
Re: Intrexon Corporation
Form 10-K for the Year Ended December 31 , 2017
Filed March 1, 2018
File No. 001 -36042
Dear Mr. Sterling :
We have limited our review of your filing to the financial statements and related
disclosures and have the following comment s. In some of our comment s, we may ask you to
provide us with information so we may better understand your disclosure.
Please respond to the se comment s within ten busines s days by provi ding the requested
information or advise us as soon as possible when you wil l respond . If you do not believe our
comment s apply to your facts a nd circumstances, please tell us why in your response.
After reviewing you r response to these comment s, we may have additional comments.
Form 10 -K for the Year Ended December 31, 201 7
Financial Statements
Consolidated Balance Sheet s, page F -5
1. Please disclose your deferred revenue from related parties on the face of the balance
sheet. Refer to Rule 4 -08(k) of Regulation S -X.
Notes to Consolidated Financial Statements
5. Collaboration and Licensing Revenue, page F -32
2. Please disclose the estimated remaining performance period for your significant
collaboration agreements.
Mr. Rick L. sterling
Intrexon Corporation
April 9 , 2018
Page 2
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
You may contact Raj Rajan at 202-551-3388 or me at 202 -551-3651 with any questions.
Sincerely,
/s/ Joel Parker
Joel Parker
Senior Assistant Chief Accountant
Office of Beverages, Apparel and
Mining