Note 12—Commitments and contingencies

Lease Commitments – The Company leases facilities under non-cancelable operating leases for the laboratory and offices in Tampa, Florida, and finance leases for laboratory equipment. The current operating lease expires in March 2028 and finance lease expires in June 2028. Operating leases are included in Operating right of use assets, Lease liabilities, current and Lease liability, long term. Finance leases are included in Property and equipment, net, Lease liabilities, current and Lease liability, long term.

Operating leases – Total lease expense was approximately $96,000 and $85,000 for the six months ended June 30, 2026 and 2025, respectively.

Cash paid for amounts included in the measurement of lease liabilities was approximately $92,000 and $86,000 for the six months ended June 30, 2026 and 2025.

For the current lease, the weighted-average lease term is 1.75 years and 0.75 years and the weighted average discount rate is 10.0% and 10.0% as of June 30, 2026 and 2025.

Finance leases – Cash paid for amounts included in the measurement of finance lease liabilities was $21,895 for the six months ended June 30, 2026. There were no finance leases for the six months ended June 30, 2025. Interest on the finance lease liabilities amounted to approximately $2,000 and $4,000 for the three months and six months ended June 30, 2026, respectively.

For the current finance lease, the weighted-average lease term is 2.00 years and the weighted average discount rate is 7.5% as of June 30, 2026.

Employment Agreements – The Company maintains employment agreements with its Chief Executive Officer and Chief Financial Officer, each entered into in May 2023 by Legacy TuHURA, as amended and as subsequently assumed by the Company in connection with the closing of the Kintara Merger.