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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Current assets:      
Cash $ 7,770   $ 13,143
License receivable 5,000   0
Prepaid expenses and other current assets 251   457
Total current assets 13,021   13,600
Property and equipment, net 34   249
Operating right-of-use asset 852   1,211
Rights from Private Placement 3,471   2,250
Restricted cash 125   125
Total assets 17,503   17,435
Current liabilities:      
Accounts payable 6,106   6,635
Accrued expenses and other current liabilities 1,942   3,527
Deferred revenue 0   442
Notes payable, current portion 379   0
Operating lease liability, current portion 900   843
Finance lease liabilities, current portion 42   40
Total current liabilities 9,369   11,487
Notes payable 382   748
Operating lease liability, net of current portion 81   547
Finance lease liabilities, net of current portion 62   83
Total liabilities 9,894   12,865
Commitments and contingencies (Note 6)  
Shareholders' equity (deficit):      
Common stock, $0.001 par value; 125,000 shares authorized as of June 30, 2023 and December 31, 2022; 9,732 and 8,318 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 10   8
Additional paid-in capital 165,248   156,106
Accumulated deficit (157,755)   (151,690)
Total stockholders equity attributable to Kineta, Inc. 7,503   4,424
Noncontrolling interest 106   146
Total stockholders' equity 7,609 $ (56) 4,570
Total liabilities and stockholders' equity $ 17,503   $ 17,435