Company: CDT
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001246
Chunk: 617

Company: CDT Equity Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 5
Chunk 617
---
 not yet recognized was $2.4 million
with a weighted average remaining vesting period of 2.07 years.

12.
Income Taxes

Loss from operations before income
taxes for the years ended December 31, 2024 and 2023 is summarized below (in thousands):

Schedule of Income before Income Tax, Domestic and Foreign

    2024  
    2023 

    For the year ended December 31, 

    2024  
    2023 
  
    Loss from operations before income taxes: 

    US 
     (12,855) 
     (1,990)
  
    Foreign 
     (4,947) 
     1,454 
  
    Loss from operations before income taxes 
     (17,802) 
     (536)

The
provision (benefit) for income taxes for the years ended December 31, 2024 and December 31, 2023 is as follows (in thousands):

Schedule of Provision for Income Tax 

    2024  
    2023 

    For The Years Ended 

    2024  
    2023 
  
    Current 

    Federal 
     -  
     - 
  
    State 
     -  
     - 
  
    Foreign 
     -  
     - 
  
    Current income tax 
     -  
     - 
  
    Deferred 

    Federal 
     (2,429) 
     (843)
  
    State 
     355  
     (355)
  
    Foreign 
     (931) 
     (251)
  
    Deferred income tax 
     (3,005) 
     (1,449)

    Change in Valuation Allowance 
     3,005  
     1,449 

    Net Income Tax Expense 
     -  
     - 

Income
tax provision differed from the amount computed by applying the U.S. federal income tax rate of 21% to income (loss) before taxes, as
follows (in thousands):

Schedule
of Federal Income Tax Rate

    US  
    Foreign  
    Consolidated 

    For The Year Ended 

    2024 

    US  
    Foreign  
    Consolidated 
  
    Taxes at federal statutory rate 
    $(2