Company: HURA
Filing Date: 2025-02-07
Form Type: S-4
Source: 0001193125-25-022803
Chunk: 778

Company: TuHURA Biosciences, Inc./NV
Filing Date: 2025-02-07
Form: S-4
Chunk 778
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2022 |             |   |
|:-----------------------------------|:----|:-----|------------:|:--|:----|:-----|------------:|:--|
| Net operating loss carryforward    |     | $    |  11,144,000 |   |     | $    |   9,539,000 |   |
| Intangible assets                  |     |      |   3,909,000 |   |     |      |           — |   |
| Section 174 R&D                    |     |      |   3,506,000 |   |     |      |   1,745,000 |   |
| Accrued expenses                   |     |      |     359,000 |   |     |      |     286,000 |   |
| Basis differences                  |     |      |     (13,000 | ) |     |      |      26,000 |   |
| Stock compensation expense         |     |      |     589,000 |   |     |      |     510,000 |   |
| Research and development credit    |     |      |   1,808,000 |   |     |      |   1,451,000 |   |
| Total deferred tax assets, net     |     |      |  21,302,000 |   |     |      |  13,557,000 |   |
| Less valuation allowance           |     |      | (21,302,000 | ) |     |      | (13,557,000 | ) |
| Total net deferred tax assets      |     | $    |           — |   |     | $    |           — |   |

In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. Based upon the levels of historical taxable income and projections of future taxable income over which the deferred tax assets are deductible, the Company believes that it is more likely than not that it will not be able to realize the benefits of some of these deductible differences.

At December 31, 2023, the Company has federal and state tax