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NATURE OF BUSINESS & SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2024

Accounting Policies [Abstract]

Schedule of Stock by Class

Share information related to the Company's common stock as of September 30, 2024, is as follows:

						Class A Common Stock						Class B Common Stock						Total Common Stock
Authorized						210,000,000						90,000,000						300,000,000
Issued						26,866,904						3,112,516						29,979,420
Outstanding						26,429,630						3,112,516						29,542,146

Schedule of Deferred Revenue Activity

The following table represents the deferred revenue activity for the nine months ended September 30, 2024:

In Thousands						Deferred Revenue
Balance as of December 31, 2023						$	1,210
Consideration earned						(3,050)
Consideration received						2,922
Balance as of September 30, 2024						$	1,082

The following table represents the deferred revenue activity for the nine months ended September 30, 2023:

In Thousands						Deferred Revenue
Balance as of December 31, 2022						$	107
Acquired from merger with Cibus Global, LLC						1,186
Consideration earned						(714)
Consideration received						1,058
Balance as of September 30, 2023						$	1,637

Schedule of Computation of Basic and Diluted Net Loss Per Share

The following table shows the computation of basic and diluted net loss per share of Class A Common Stock for the three and nine months ended September 30, 2024, and 2023:

						Three Months Ended September 30,												Nine Months Ended September 30,
In Thousands, Except Share and Per Share Amounts						2024						2023						2024						2023
Numerator:
Net loss attributable to Cibus, Inc.						$	(179,968)					$	(26,429)					$	(228,286)					$	(50,513)
Denominator:
Weighted average shares of Class A common stock outstanding						23,536,746						16,641,127						22,055,979						7,979,132
Effect of pre-funded warrants						50,000						—						50,000						—
Weighted average shares of Class A common stock outstanding – basic and diluted						23,586,746						16,641,127						22,105,979						7,979,132
Basic and diluted net loss per share of Class A common stock						$	(7.63)					$	(1.59)					$	(10.33)					$	(6.33)

Schedule of Antidilutive Securities Excluded from Computation of Loss Per Share

The following potential dilutive securities, presented on an as converted basis, were excluded from the calculation of net loss per share of Class A Common Stock due to their antidilutive effect:

			As of September 30,
			2024						2023
Stock options outstanding			150,899						109,551
Unvested restricted stock units			115,541						198,199
Unvested restricted stock awards			392,097						945,780
Common warrants			1,456,523						158,483
Total			2,115,060						1,412,013

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