Company: CDT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010405
Chunk: 0

Company: CDT Equity Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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CONDUIT
PHARMACEUTICALS INC.

CONDENSED
CONSOLIDATED BALANCE SHEETS

(in
thousands, except share and per share amounts)

    March 31, 2025
                                                                                (Unaudited)  
    December 31, 2024
                                                                                (Audited) 
  
    ASSETS 

    Current assets 

    Cash and cash equivalents 
    $2,130  
    $554 

    Prepaid
    R&D services- related party (see Note 7 and Note 12)

    1,814

    380

    Prepaid
    R&D services (see Note 7)

    279

    -

    Prepaid expenses and other current assets 
     1,726  
     1,781 
  
    Total current assets 
     5,949  
     2,715 
  
    Operating lease right-of-use assets. net 
     234  
     263 
  
    Property, plant and equipment, net 
     41  
     40 
  
    Prepaid expenses and other long-term assets 
     1,097  
     1,175 
  
    Total assets 
    $7,321  
    $4,193 
  
    LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) 

    Current liabilities 

    Accounts payable 
    $714  
    $1,428 
  
    Accrued expenses and other current liabilities 
     1,045  
     1,963 
  
    Operating lease liability, current portion 
     126  
     119 
  
    Convertible promissory note payable 
     -  
     800 
  
    Convertible promissory notes payable at fair value 
     2,663  
     2,985 
  
    Convertible promissory notes payable at fair value – related parties 
     -  
     2,871 
  
    Convertible promissory notes payable at fair value  
     -  
     2,871 

    Notes payable 
     -  
     150 
  
    Notes payable – related parties 
     -  
     425 
  
    Notes payable 
     -  
     425 
  
    Total current liabilities 
     4,548  
     10,