Company: MLTX
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001821586-25-000018
Chunk: 96

Company: MoonLake Immunotherapeutics
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 96
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7 — Prepaid Expenses

(in thousands)June 30, 2025December 31, 2024Non-clinical research and clinical development services$17,302$14,136Supply and manufacturing services7,0157,716Insurances1,3371,113Other prepayments1,335453Total$26,989$23,418

Note 8 — Trade and Other Payables

(in thousands)June 30, 2025December 31, 2024Research and development services$10,004$5,081Supply and manufacturing fees payable4,8863,597Consulting and advisory services1,18339Legal advisory services40493Other payables602182Total$17,079$8,992

17

MOONLAKE IMMUNOTHERAPEUTICSNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2025(Unaudited)

Note 9 — Accrued Expenses and Other Current Liabilities

(in thousands)June 30, 2025December 31, 2024Bonuses and related employee compensation expenses$3,234 $4,237 Research and development services and license fees2,818 2,022 Supply and manufacturing services917 4,474 Tax liabilities836 642 Accrued debt interest541 — Consultant and other fees386586Legal fees—138Total$8,732$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. 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 located at Rua Manuel Pinto de Azevedo 860, 4150-335, Porto, Portugal. This lease has a 3-year initial term, with two extendable periods of 3 years each. The Company expects to exercise the first available option and extend this lease