Company: MLTX
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001821586-25-000018
Chunk: 20

Company: MoonLake Immunotherapeutics
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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16

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

The following table presents the changes in fair values of the Company’s short-term marketable debt securities, classified as Level 2 financial assets, and recognized in accumulated other comprehensive income as of June 30, 2025 and 2024:(in thousands)Beginning balance, January 1, 2025$5,407 Other comprehensive income before reclassifications5,955 Amounts reclassified from accumulated other comprehensive income(10,619)Ending balance, June 30, 2025$743(in thousands)Beginning balance, January 1, 2024$2,721 Other comprehensive income before reclassifications8,507 Amounts reclassified from accumulated other comprehensive income(7,673)Ending balance, June 30, 2024$3,555As of June 30, 2025, the Company’s marketable debt securities maturities are all due within one year.

Note 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 —