Company: CDT
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001246
Chunk: 860

Company: CDT Equity Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 9B
Chunk 860
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 issued as the issuance date, October 29, 2024, and as of December 31, 2024, using a Black-Scholes
option-pricing model utilizing the following assumptions:

Schedule
of Fair Value  of Assumptions

    October 29, 2024
      
    December 31, 2024 
  
    Closing stock price
     
    $
    10.48
      
    $6.90 
  
    Contractual exercise price
     
    $
    10
      
    $10.00 
  
    Risk-free rate

    4.11
    % 
     4.38%
  
    Estimated volatility

    98.4
    % 
     98.6%
  
    Time period to expiration (in years)

    5.2
      
     5.0 

4.
Balance Sheet Details – Current Assets

Current
assets consisted of the following as of December 31, 2024 and December 31, 2023 (in thousands):

 Schedule
of Balance Sheet Details

    As of  
    As of 

    December 31, 2024  
    December 31, 2023 

    Prepaid directors’ and officers’ insurance 
    $1,187  
    $1,365 
  
    Prepaid expenses 
     85  
     140 
  
    Prepaid expenses – related parties 
     400  
     - 
  
    Other receivables 
     489  
     - 
  
    Total prepaid expenses and other current assets 
    $2,161  
    $1,505 

    F-17

5.
Leases

During
the year ended December 31, 2024, we entered into an operating lease for laboratory space. The remaining lease terms for our operating
lease is approximately two years and does not provide a renewal option. We apply the short-term lease policy election, which allows us
to exclude from recognition leases with an original term of 12 months or less.

Upon
commencement of the laboratory lease on March 7, 2024, the Company recorded a right-of-use asset of $0.4 million, short-term lease liability
of $0.2 million, and long-term lease liability of $0.2 million.

Lease
costs associated the Company’s operating and short