Company: CDT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010405
Chunk: 17

Company: CDT Equity Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 and disclosures.

2.
Fair Value

During
the period ended March 31, 2025, there were no transfers between Level 1 and Level 2, nor into or out of Level 3. The following table
presents as of March 31, 2025 the Company’s liabilities subject to measurement at fair value on a recurring basis (in thousands):

 Schedule of Assets Subject to Measurement at Fair Value on Recurring Basis

    Fair Value Measurements as of March 31, 2025 

    Level 1  
    Level 2  
    Level 3  
    Total 
  
    Assets: 

    Cash equivalents 
    $4  
    $-  
    $-  
    $4 
  
    Total Assets 
    $4  
    $-  
    $-  
    $4 

    Liabilities: 

    Convertible note payable, at fair value 
    $-  
    $-  
    $2,663  
    $2,663 
  
    Liability Classified Warrants 
     -  
     -  
     8  
     8 
  
    Total Liabilities 
    $-  
    $-  
    $2,671  
    $2,671 

The
following table presents as of December 31, 2024 the Company’s liabilities subject to measurement at fair value on a recurring
basis (in thousands):

    Fair Value Measurements as of December 31, 2024 

    Level 1  
    Level 2  
    Level 3  
    Total 
  
    Assets: 

    Cash equivalents 
    $192  
    $-  
    $-  
    $192 
  
    Total Assets 
    $192  
    $-  
    $-  
    $192 

    Liabilities: 

    Convertible notes payable, at fair value 
    $-  
    $-  
    $5,856  
    $5,856 
  
    Liability Classified Warrants 
     -  
     -  
     138  
     138 
  
    Total Liabilities 
    $-  
    $-  
    $5,994  
    $5,994 

Cash
equivalents consist of highly liquid money market funds with maturities of three