Company: CDT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024140
Chunk: 111

Company: CDT Equity Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 111
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 using a “look-back”
    period which coincides with the expected term, defined below. The Company believes using a “look-back” period which coincides
    with the expected term is the most appropriate measure for determining expected volatility.

    ●
    Expected
    term – the Company estimates the expected term using the “simplified” method outlined in SEC Staff Accounting Bulletin
    No. 107, “Share-Based Payment.”

    ●
    Risk-free
    interest rate – the Company estimates the risk- free interest rate using the U.S. Treasury Yield curve for periods equal to
    the expected term of the options in effect at the time of grant.

    ●
    Dividends
    – the Company uses an expected dividend yield of zero because the Company has not declared nor paid a cash dividend, nor are
    there any plans to declare a dividend.

The
Company did not grant stock options during the three and six months ended June 30, 2025 or June 30, 2024.

    22

The
Company accounts for forfeitures as they occur, which may result in the reversal of compensation costs in subsequent periods as the forfeitures
arise.

The
following table summarizes stock option activity for the 2023 Plan:

Schedule
of Stock Option Activity 

    Number of Options  
    Weighted Average Exercise Price  
    Weighted Average Remaining Contractual Term (years)  
    Aggregate Intrinsic Value (in thousands) 
  
    Outstanding at December 31, 2024 
     4,367  
    $1,223  
     9.72  
    $- 
  
    Granted 
     -  
    $-  
     -  
    $- 
  
    Cancelled/forfeited 
     (337) 
    $1,484  
     -  
    $- 
  
    Exercised 
     -  
    $-  
     -  
    $- 
  
    Outstanding at June 30, 2025 
     4,030  
    $1,201  
     8.96  
    $- 
  
    Exercisable 
     1,516  
    $1,134  
     9.23  
    $- 
  
    Unvested 
     2,514  
    $1,270  
     8