Company: CDAQF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023544
Chunk: 119

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 119
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,” establishes standards for companies to report in their financial statement information about
operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise
that engage in business activities from which it may recognize revenues and incur expenses, and for which separate financial information
is available that is regularly evaluated by the Company’s chief operating decision maker (“CODM”), or group, in deciding
how to allocate resources and assess performance.

The
Company’s CODM has been identified as the Chief Executive Officer, who reviews the assets, operating results, and financial metrics
for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management
has determined that there is only one reportable segment.

The
CODM assesses performance for the single segment and decides how to allocate resources based on net income or loss that also is reported
on the condensed statements of operations as net income or loss. The measure of segment assets is reported on the condensed balance sheets
as total assets. When evaluating the Company’s performance and making key decisions regarding resource allocation, the CODM reviews
several key metrics included in net income or loss and total assets, which include the following:

 SCHEDULE OF SEGMENT ASSETS

    June 30, 2025  
    December 31, 2024 
  
    Cash 
    $1,521  
    $27,720 
  
    Cash held in Trust Account 
    $1,272,260  
    $27,637,300 

    For the Three Months Ended June 30, 2025  
    For the Three Months Ended June 30, 2024 
  
    General and administrative expenses 
    $97,120  
    $516,106 
  
    Interest earned on cash held in Trust Account 
    $81,044  
    $639,184 

    For the Six Months Ended June 30, 2025  
    For the Six Months Ended June 30, 2024 
  
    General and administrative expenses 
    $557,462  
    $723,802 
  
    Interest earned on cash held in Trust Account 
    $323,575  
    $1,271,151 

The
CODM reviews interest earned on the Trust Account to measure and monitor shareholder value and determine the most effective strategy
of investment with the Trust Account funds while maintaining compliance with the Trust Agreement.

General
and administrative expenses