Company: WHWK
Filing Date: 2025-01-21
Form Type: PREM14A
Source: 0001193125-25-009599
Chunk: 488

Company: Whitehawk Therapeutics, Inc.
Filing Date: 2025-01-21
Form: PREM14A
Chunk 488
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   421 |     |   |   917 |
| Total           |     | $                  | 6,427 |     | $ | 1,861 |

Property and Equipment, Net Property and equipment, consisting of computers and software, construction in process, furniture and fixtures, lab equipment, and leasehold improvements are stated at cost, less accumulated depreciation. Property and equipment is depreciated using the straight-line method over the estimated useful lives of the assets, generally three to five years. Such costs are periodically reviewed for recoverability when impairment indicators are present. Details of property and equipment are presented as follows (in thousands).

|                             |     | As of December 31, |  2023 |   |     |   | 2022 |   |
|:----------------------------|:----|:-------------------|------:|:--|:----|:--|-----:|:--|
| Computers and software      |     | $                  |   464 |   |     | $ |  338 |   |
| Furniture and fixtures      |     |                    |    65 |   |     |   |   65 |   |
| Construction in process     |     |                    | 4,389 |   |     |   |   77 |   |
| Lab equipment               |     |                    |    25 |   |     |   |    — |   |
| Leasehold improvements      |     |                    |   129 |   |     |   |  129 |   |
| Total                       |     | $                  | 5,072 |   |     | $ |  609 |   |
| Accumulated depreciation    |     |                    |  (270 | ) |     |   | (101 | ) |
| Property and equipment, net |     | $                  | 4,802 |   |     | $ |  508 |   |

Construction in progress mainly consists of lab, production, and testing equipment. Depreciation expense on property, plant, and equipment amounted to $0.2 million and $0.1 million for the years ended December 31, 2023 and 2022, respectively. Impairment of Long-Lived Asset The Company reviews long-lived assets, including property, equipment, and the intangible asset for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. An impairment loss would be recognized when estimated undiscounted future cash flows