Company: CDT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024140
Chunk: 18

Company: CDT Equity Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 net of refunds received, disaggregated
by federal, state, and foreign jurisdictions. ASU 2023-09 is effective for the Company in its annual reporting for fiscal 2025 on a prospective
basis. Early adoption and retrospective reporting are permitted. The Company does not plan to adopt this standard early. The Company
is currently evaluating the impact of ASU 2023-09 on its consolidated financial statements.

In
November 2024, the FASB issued ASU 2024-03, Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic
220-40): Disaggregation of Income Statement Expenses, which is intended to provide more detailed information about specified categories
of expenses (purchases of inventory, employee compensation, depreciation and amortization) included in certain expense captions presented
on the consolidated statements of operations and comprehensive income (loss). The guidance in this ASU is effective for fiscal years
beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted.
The amendments may be applied either (1) prospectively to financial statements issued for periods after the effective date of this ASU
or (2) retrospectively to all prior periods presented in the consolidated financial statements. The Company is currently evaluating the
impact that the adoption of ASU 2024-03 will have on its consolidated financial statements and disclosures.

2.
Fair Value

The
following table presents as of June 30, 2025 the Company’s assets and liabilities subject to measurement at fair value on a recurring
basis (in thousands):

 Schedule of Assets Subject to Measurement at Fair Value on Recurring Basis

    Fair
    Value Measurements as of June 30, 2025 

    Level
    1  
    Level
    2  
    Level
    3  
    Total 
  
    Assets: 

    Cash
    equivalents 
    $331  
    $-  
    $-  
    $331 
  
    Total
    Assets 
    $331  
    $-  
    $-  
    $331 

    Liabilities: 

    Convertible
    notes payable, at fair value 
    $-  
    $-  
    $1,882  
    $1,882 
  
    Liability
    Classified Warrants 
     -  
     -