Company: HURA
Filing Date: 2025-02-07
Form Type: S-4
Source: 0001193125-25-022803
Chunk: 775

Company: TuHURA Biosciences, Inc./NV
Filing Date: 2025-02-07
Form: S-4
Chunk 775
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 be sufficient to fund future operations, including the expanded clinical trials into late 2024. F-55

TUHURA BIOSCIENCES, INC. AND SUBSIDIARY Notes to the consolidated financial statements For the years ended December 31, 2023, and 2022 The Company expects to raise cash through the issuance of convertible notes, sale of common or preferred shares, obtaining grants, or commercial partnerships. However, there can be no assurance that any fundraising will be achieved or on commercially reasonable terms, if at all. As such, there is substantial doubt about the Company’s ability to continue as a going concern for the next 12 months from date that the financial statements were available to be issued. Note 4—Other current assets Other current assets include an outstanding $ 100,000note receivable from the CEO. This note originated on July 12, 2022 and matures on March 3, 2023. The note includes 3% interest payable at maturity. As of December 31, 2022, the note plus accrued interest totaled $ 101,424. In addition, the Company entered into an exclusivity agreement with Tuhura Biopharma in December 2022. The Company paid a negotiation fee of $ 200,000to be credited against the final sale purchase price. In return the Company received an exclusivity period and certain representations, warranties, and indemnification by Tuhura. The Tuhura transaction was completed on January 26, 2023. Tuhura Biopharma is partially owned by the Company CEO, Jim Bianco. See Note 12.

Note 5—Property and equipment, net

Property and equipment, net consists of the following as of December 31, 2023, and 2022:

|                                                |     |   |       2023 |   |     |   |       2022 |   |
|:-----------------------------------------------|:----|:--|-----------:|:--|:----|:--|-----------:|:--|
| Furniture and fixtures                         |     | $ |    170,607 |   |     | $ |    170,607 |   |
| Leasehold improvements                         |     |   |    544,628 |   |     |   |    544,628 |   |
| Machinery and office equipment                 |     |   |  1,365,277 |   |     |   |  1,330,053