Company: PRTA
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001559053-25-000031
Chunk: 8

Company: PROTHENA CORP PUBLIC LTD CO
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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 out a maturity analysis of payments under the Company’s operating leases, including a reconciliation to the lease liabilities recognized in the Condensed Consolidated Balance Sheets as of June 30, 2025 (in thousands):

  Year Ended December 31,                                Operating Leases              
  2025 (6 months)                                        $                      1,678  
 ───────────────────────────────────────────────────────────────────────────────────────
  2026                                                                          3,301  
  2027                                                                          3,269  
  2028                                                                          2,523  
  Thereafter                                             —                             
  Total                                                  $                     10,771  
  Less: Present value adjustment (imputed interest)      ( 990)                        
  Total lease liability                                  $                      9,781  
  Less: Lease liability, current                         ( 2,853)                      
  Lease liability, non-current                           $                      6,928  

Indemnity Obligations

The Company has entered into indemnification agreements with its current and former directors and officers and certain key employees. These agreements contain provisions that may require the Company, among other things, to indemnify such persons against certain liabilities that may arise because of their status or service and advance their expenses incurred as a result of any indemnifiable proceedings brought against them. The obligations of the Company pursuant to the indemnification agreements continue during such time as the indemnified person serves the Company and continues thereafter until such time as a claim can be brought. The maximum potential amount of future payments the Company could be required to make under these indemnification agreements is unlimited; however, the Company has a director and officer liability insurance policy that limits its exposure and enables the Company to recover a portion of any future amounts paid. As a result of its insurance policy coverage, the Company believes the estimated fair value of these indemnification agreements is minimal. Accordingly, the Company had no liabilities recorded for these agreements as of June 30, 2025, and December 31, 2024.

Other Commitments

In the normal course of business, the Company enters into various firm purchase commitments primarily related to research and development activities. As of June 30, 2025, the Company had non-cancelable purchase commitments to suppliers for $ 3.3 2.6 30.3 0.3 The following is a summary of the Company's non-cancelable purchase commitments and contractual obligations as of June 30, 2025 (in thousands):

  Purchase Obligations (1)