Company: MLTX
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001821586-25-000011
Chunk: 30

Company: MoonLake Immunotherapeutics
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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2,903As of March 31, 2025, the Company’s marketable debt securities maturities are all due within one year.

Note 7 — Prepaid Expenses

(in thousands)March 31, 2025December 31, 2024Non-clinical research and clinical development services$14,307$14,136Supply and manufacturing services7,0507,716Insurances7761,113Other prepayments1,013453Total$23,146$23,418

16

MOONLAKE IMMUNOTHERAPEUTICSNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2025(Unaudited)

Note 8 — Trade and Other Payables

(in thousands)March 31, 2025December 31, 2024Research and development services$9,059$5,081Consulting and advisory services1,47839Supply and manufacturing fees payable1,0003,597Legal advisory services28193Insurances17424Other payables14158Total$12,006$8,992

Note 9 — Accrued Expenses and Other Current Liabilities

(in thousands)March 31, 2025December 31, 2024Research and development services and license fees$4,070 $2,022 Bonuses and related employees compensation expenses2,538 4,237 Tax liabilities2,232 642 Consultant and other fees833 586 Legal fees613 138 Supply and manufacturing services2574,474Total$10,543$12,099

Note 10 — Leases

In August 2021, the Company entered into an open-ended office lease agreement, effective November 1, 2021, to lease approximately 2,300 square feet of space on the last two floors of the building located at Dorfstrasse 29, 6300 Zug, Switzerland. The Company estimated the effective duration of the lease at inception and determined a period of 3 years, with expected expiration in November 2024. In December 2023, the contract was extended, leading to a new estimated effective duration of the lease period of 3 years, with expected expiration in January 2027.On October 9, 2023, the Company entered into an office lease agreement, effective as of October 9, 2023, to lease approximately 3,900 square feet of office space on the fifth floor of  the building