Company: CDT
Filing Date: 2025-08-14
Form Type: 10-Q/A
Source: 0001641172-25-024123
Chunk: 51

Company: CDT Equity Inc.
Filing Date: 2025-08-14
Form: 10-Q/A
Chunk 51
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 include purchases of property and equipment, are included in total consolidated assets reviewed by the chief operating decision maker and are reported on the consolidated statements of cash flows.

The CODM uses consolidated net loss and budget-to-actual variances to assess the performance of the operating segment and determine if the Company is progressing towards its goals.

| 28 |

The following table presents certain financial data for the Company’s reportable segment (in thousands):

Schedule of Financial Data for the Company’s Reportable Segment

|                                                                                      |     | March 31, 
 2025      |  2025 |     | 2024 |  2024 |
|:-------------------------------------------------------------------------------------|:----|:----------|------:|:----|:-----|------:|
| Research & development expense – clinical asset development                          |     | $         |   189 |     | $    |   128 |
| Research & development expense – related parties                                     |     |           |   727 |     |      |     - |
| General and administrative expenses – legal & professional fees                      |     |           |   760 |     |      |   245 |
| General and administrative expenses – accounting & audit fees                        |     |           |   544 |     |      |   647 |
| General and administrative expenses – salaries, payroll and stock-based compensation |     |           |   693 |     |      |   986 |
| General and administrative expenses – other                                          |     |           |   703 |     |      |   949 |
| Loss from segment operations                                                         |     | $         | 3,616 |     | $    | 2,955 |

Other segment items consist of the items within Note 14 to the condensed consolidated financial statements.

18. Subsequent Events

Share Repurchase Program

On April 10, 2025, the Company’s Board of Directors authorized a share repurchase program under which the Company may purchase up to $ 1.0 million of its outstanding common stock. Under the program, Conduit may repurchase shares from time to time through open market transactions or other methods in compliance with SEC Rule 10b-18. Purchases will be executed by The Benchmark Company, the Company’s appointed broker, and will be subject to market conditions, corporate liquidity requirements, regulatory considerations, and other factors. As of the date of this Quarterly Report on Form 10-Q, the Company has repurchased an aggregate of 175,694shares of its outstanding