Company: CDT
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001246
Chunk: 622

Company: CDT Equity Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 5
Chunk 622
---
 
    $(17,802) 
    $(6,056)
  
    Denominator: 

    Weighted average common stock outstanding, basic 
     867,096  
     669,739 
  
    Add: Option liability conversion shares 
     -  
     9,200 
  
    Weighted average shares used in computing net loss per share - diluted 
     867,096  
     678,939 
  
    Net income (loss) per share, basic 
    $(20.53) 
    $(0.79)
  
    Net income (loss) per share, diluted 
    $(20.53) 
    $(8.92)

The
Company notes that the adjustment to the numerator in 2023 for the change in fair value and income impact of Vela and Cizzle
accounts for changes in fair value of each option, gains (losses) at the time of issuance of each option and the statement of
operations impact of the derecognition of deferred revenue that originated upon the initial sale of royalties to both Vela and
Cizzle.

Potentially
dilutive securities (upon conversion) that were not included in the diluted per share calculations because they would have been anti-dilutive
were as follows:

Schedule
of Potentially Dilutive Securities

    As of  
    As of 

    December 31, 2024  
    December 31, 2023 
  
    Public warrants 
     139,790  
     139,790 
  
    PIPE Warrants 
     -  
     20,000 
  
    A.G.P. Warrants 
     540  
     540 
  
    Convertible Promissory Notes Payable 
     800  
     805 
  
    Stock Options 
     65,509  
     10,717 
  
    Restricted stock Units 
     -  
     1,470 
  
    August 2024 Nirland Note 
     672,007  
     - 
  
    A.G.P. Convertible Note 
     576,949  
     - 
  
    March 2024 Warrants 
     2,600  
     - 
  
    April 2024 Warrants 
     14,477  
     - 
  
    A.G.P. 2024 Warrants 
     28,626