Company: CDT
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022373
Chunk: 18

Company: CDT Equity Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 18
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 December 31, 2024 
  
    Prepaid expenses 
    $476  
    $85 
  
    Tax receivable 
     398  
     - 
  
    Prepaid directors’ and officers’ insurance 
     315  
     1,187 
  
    Prepaid expenses – related parties 
     -  
     20 
  
    Other receivables 
     -  
     489 
  
    Total prepaid expenses and other current assets 
    $1,189  
    $1,781 

    13

Accrued
expenses and other current liabilities consisted of the following as of September 30, 2025 and December 31, 2024 (in thousands):

Schedule of Accrued Expenses and Other Current Liabilities

    As of  September 30, 2025  
    As of  December 31, 2024 
  
    Accrued professional fees 
    $997  
    $242 
  
    Accrued legal contingency 
     417  
     389 
  
    Accrued research & development costs 
     239  
     280 
  
    HMRC payable 
     60  
     396 

    Other 
     58  
     14 

    Other Accrued payroll 
     14  
     51 
  
    Accrued board of director fees 
     -  
     101 
  
    Accrued interest 
     -  
     383 
  
    Accrued commission payable 
     -  
     107 
  
    Total accrued expenses and other current liabilities 
    $1,785  
    $1,963 

5.
Convertible Notes Payable

Convertible
Promissory Note Payable

During
March 2023, the Company issued a convertible promissory note payable (the “Convertible Promissory Note Payable”) with an
aggregate principal amount of $0.8 million to a non-related third party. The Convertible Promissory Note Payable had a maturity date
of 18 months from the date of issuance and carries interest at a rate of 20% annually, which is payable every six (6) months from the
date of the note until the maturity date.

On
March 6, 2025, the Company reached a Settlement Agreement (the “Settlement Agreement”) with the loan