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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash $ 634,000 $ 5,783,000
Restricted cash 4,000 75,000
Prepaid expenses and other current assets 381,000 119,000
Total current assets 1,019,000 5,977,000
Property and equipment, net 0 0
Operating right-of-use asset 0 472,000
Rights from Private Placement 0 3,832,000
Total assets 1,019,000 10,281,000
Current liabilities:    
Accounts payable 3,901,000 3,694,000
Accrued expenses and other current liabilities 2,361,000 2,211,000
Exclusivity Payments and advances 5,995,000 0
Notes payable, current portion 629,000 620,000
Operating lease liability, current portion 0 547,000
Total current liabilities 12,886,000 7,072,000
Notes payable, net of current portion 0 150,000
Total liabilities 12,886,000 7,222,000
Commitments and contingencies (Note 6)
Stockholders' Equity (Deficit):    
Common stock, $0.001 par value; 125,000 shares authorized as of December 31, 2024 and December 31, 2023; 12,265 and 10,397 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively 12,000 10,000
Additional paid-in capital 170,878,000 168,669,000
Accumulated deficit (182,921,000) (165,789,000)
Total stockholders' equity (deficit) attributable to Kineta, Inc. (12,031,000) 2,890,000
Noncontrolling interest 164,000 169,000
Total stockholders' equity (deficit) (11,867,000) 3,059,000
Total liabilities and stockholders' equity (deficit) $ 1,019,000 $ 10,281,000