Business Description

4 Item 1.A. Risk Factors 26 Item 1.B. Unresolved Staff Comments 44 Item 1.C. Cybersecurity 44 Item 2. Properties 45 Item 3. Legal Proceedings 45 Item 4. Mine Safety Disclosures 46 Part II 47 Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 47 Item 6. [Reserved] 47 Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations 48 Item 7.A. Quantitative and Qualitative Disclosures About Market Risk 58 Item 8. Financial Statements and Supplementary Data 59 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 59 Item 9.A. Controls and Procedures 59 Item 9.B. Other Information 59 Item 9.C. Disclosure Regarding Foreign Jurisdictions That Prevent Inspections 60 Part III 60 Item 10. Directors, Executive Officers and Corporate Governance 60 Item 11. Executive Compensation 62 Item 12. Security Ownership of Certain Beneficial Owner and Management and Related Stockholder Matters 63 Item 13. Certain Relationships and Related Transactions, and Director Independence 63 Item 14. Principal Accounting Fees and Services 63 Part IV 63 Item 15. Exhibits and Financial Statement Schedules 63 Item 16. Form 10-K Summary 67 SIGNATURES 68 Terms When the terms “Cibus,” the “Company” or “its” are used in this Annual Report on Form 10-K, unless the context otherwise requires, those terms are being used to refer to Cibus, Inc. and its consolidated subsidiaries. When the term “Cibus Global” is used, it is being used to refer to Cibus Global, LLC, a direct, wholly-owned subsidiary of the Company. The Company owns or has the right to use the