Company: CDT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024140
Chunk: 44

Company: CDT Equity Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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”) with Manoira
Corporation. Dr. Andrew Regan, Chief Executive Officer and member of the Board, also is a director and
controlling member of Manoira. Chele Farley, a member of the Board, is Manoira’s sole director.
Through the Joint Development Agreement, the Company and Manoira intend to jointly evaluate AZD1656, and any of its derivatives, as
well as AZD5658, in animal health indications and produce transitional data to inform the Company’s human clinical programs
while exploring veterinary market opportunities. The Company delivered shares of the Company’s Common Stock worth $0.5
million to Manoira as its contribution to the Joint Development Agreement, with Manoira bearing
all subsequent costs incurred during the joint development period. During the three and six months ended June 30, 2025, the Company
recorded a $0.4
million prepaid expense related to the Joint Development Agreement. Refer to Note 6 for additional details.

    25

12.
Other Expense, net

The
following table presents other income (expense), net, for the three and six months ended June 30, 2025 and 2024 (in thousands):

 Schedule
of Other Expense, Net 

    For the three months ended June 30,  
    For the six months ended June 30, 

    2025  
    2024  
    2025  
    2024 
  
    Other income: 

    Unrealized foreign currency transaction gain 
    $4  
    $-  
    $27  
    $- 
  
    Gain on change in fair value of derivative warrant liability 
     7  
     91  
     137  
     110 
  
    Interest income 
     4  
     2  
     12  
     11 
  
    Gain on debt extinguishment 
     -  
        
     278  
     - 
  
    Gain on waiver of accrued interest 
     -  
        
     371  
     - 
  
    Gain on the issuance of shares for services 
     -  
     -  
     70  
     - 
  
    Total other income: 
     15  
     93  
     895  
     121 
  
    Other expense: