Company: CDT
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001246
Chunk: 894

Company: CDT Equity Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 9B
Chunk 894
---
 Schedule
of Other Expense, Net 

    2024  
    2023 

    For the years ended December 31, 

    2024  
    2023 
  
    Other income: 

    Recognition of Cizzle deferred revenue upon option exercise 
    $-  
    $1,480 
  
    Recognition of Vela deferred revenue upon option exercise 
     -  
     2,774 
  
    Change in fair value of Cizzle option 
     -  
     1,280 
  
    Change in fair value of Vela option 
     -  
     970 
  
    Change in fair value of warrant liability 
     221  
     81 
  
    Change in fair value of convertible note payment 
     2,018  
     - 
  
    Gain on debt extinguishment 
     2,473  
     - 
  
    Interest Income 
     13  
     15 
  
    Income Tax Refund 
     314  
     - 
  
    Unrealized foreign currency transaction gain 
     2  
     39 
  
    Other 
     7  
     115 
  
    Total other income: 
     5,048  
     6,754 
  
    Other expense: 

    Loss on issuance of Vela option 
     -  
     987 
  
    Change in fair value of convertible notes payable 
     -  
     426 
  
    Interest expense 
     577  
     211 
  
    Amortization of debt issuance costs 
     929  
     - 
  
    Loss on issuance of warrants 
     2,710  
     - 
  
    Loss on Debt Extinguishment 
     3,179  
     - 
  
    Realized foreign currency transaction loss 
     16  
     403 
  
    Other expense 
     20  
     - 
  
    Total other expense 
     7,431  
     2,027 
  
    Total other (expense) income, net 
    $(2,383) 
    $4,727 

18.
Warrants

Upon
the closing of the Merger, the Company assumed (i) the warrants initially included in the MURF units issued in MURF’s initial public