Company: CDT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024140
Chunk: 3

Company: CDT Equity Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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(24)
  
    Net
    loss 
     -  
     -  
     -  
     (8,935) 
     -  
     (8,935)
  
    Balance at June
    30, 2024 
     49,332  
    $-  
    $14,385  
    $(20,234) 
    $387  
    $(5,462)
  
    Balance  
     49,332  
    $-  
    $14,385  
    $(20,234) 
    $387  
    $(5,462)

The
accompanying notes are an integral part of these condensed consolidated financial statements.

3

CDT EQUITY INC.

CONDENSED
CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

(in
thousands)

    2025  
    2024 

    Six
    Months ended June 30, 

    2025  
    2024 
  
    Cash
    flows used in operating activities: 

    Net
    loss 
    $(10,781) 
    $(8,935)
  
    Adjustments
    to reconcile net loss to net cash used in operating activities: 

    Gain
    on debt extinguishment, net 
     (278) 
     - 
  
    Unrealized
    foreign exchange loss 
     (27) 
     5 
  
    Loss
    on change in fair value of convertible notes payable 
     2,875  
     - 
  
    Gain
    on change in fair value of derivative warrant liability 
     (137) 
     (110)
  
    Gain
    on waiver of accrued interest 
     (371) 
     - 
  
    Non-cash
    lease expense 
     60  
     - 
  
    Issuance
    of warrants for lock-up 
     -  
     2,710
  
    Stock-based
    compensation expense 
     394  
     914 
  
    Non-cash
    interest expense 
     224  
      158 
  
    Operating
    lease obligations 
     -  
      (34) 
  
    Depreciation
    expense 
     10  
     -  
  
    Amort