Company: CDT
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001246
Chunk: 322

Company: CDT Equity Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 2
Chunk 322
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     42,355  
    $80.07  
     9.76  
    $- 

    F-28

The
aggregate intrinsic value of options is calculated as the difference between the exercise price of the underlying options and the fair
value of the Company’s common stock for those options that had exercise prices lower than the fair value of the Company’s
common stock. As of December 31, 2024, the total compensation cost related to non-vested option awards 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