Company: HURA
Filing Date: 2025-08-12
Form Type: S-1
Source: 0001193125-25-179009
Chunk: 375

Company: TuHURA Biosciences, Inc./NV
Filing Date: 2025-08-12
Form: S-1
Chunk 375
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 other notes payable matured on June 30, 2024 and are payable anytime after the maturity date upon demand by the holder.Small Business Administration LoanIn August 2020, the Company received a U.S. Small Business Administration (“SBA”) loan of $150,000 at a 3.75% interest rate and maturing in August 2050. Repayments of principal are due monthly beginning in June 2027 and interest is due monthly. The Company repaid the SBA loan and accrued interest in April 2024.6.Commitments and ContingenciesLeasesOperating LeaseThe Company leased office and laboratory premises in Seattle, Washington pursuant to a lease agreement that commenced in April 2011 and expired in July 2024. This lease was not extended and no other facility lease was entered into as the Company’s employees work remotely. The agreement, which required monthly lease payments, is subject to annual rent escalations during the lease term, and contains two five-year options to extend the lease term. In June 2020, the Company amended the lease agreement to reduce the leased space for the premises from approximately 22,064 square feet to approximately 14,870 square feet, which was accounted for as a lease modification and partial termination of the lease.F-128

#### KINETA, INC.Notes to Consolidated Financial StatementsUnder the lease agreement, the Company was required to pay certain operating costs, in addition to rent, such as common area maintenance, taxes, and utilities. Such additional charges are considered variable lease costs and are recognized in the period in which they are incurred. Rent expense was $486,000 for the year ended December 31, 2024 and variable costs were $349,000. Rent expense was $866,000 for the year ended December 31, 2023 and variable costs were $597,000.The Company’s operating leases included various covenants, indemnities, defaults, termination rights, security deposits and other provisions customary for lease transactions of this nature.Supplemental information on the Company’s operating leases was as follows:Years Ended December 31,20242023Cash paid for operating lease agreement (in thousands)$157$701Remaining lease term (in years)—0.8Incremental borrowing rate10%10%The Company subleased portions of its premises in Seattle to third parties. Under the first sublease agreement, which commenced in December 2017, the Company subleases approximately 1,850 square feet. In October 2020 the sub