Company: CDT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024140
Chunk: 110

Company: CDT Equity Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 110
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comprehensive loss during the three and six months ended June 30, 2025, respectively.

On
April 15, 2025, 7,679 shares of the Company’s Common Stock were issued to a non-employee director. The shares were approved by
the Board as a one-time award for services provided to the Company. The Company recorded the shares at their fair value,
as determined by the Company’s closing share price on the prior trading day, April 14, 2025. The Company recorded $0.1 million
within general & administration expense in the condensed consolidated statement of operations and comprehensive loss during the three
and six months ended June 30, 2025 in relation to the shares.

Cryptocurrency
Consulting

Effective
June 27, 2025, the Company entered into an agreement (the “Crypto Consulting Agreement”) for a third-party consultant to
evaluate and advise on the potential adoption of a part cryptocurrency treasury reserve strategy. The Crypto Consulting Agreement contains
a term of 12 months and required compensation of $0.2
million in the form of shares of the Company’s Common Stock. On June 27, 2025, the Company issued 95,618
shares of Common Stock valued at the closing price for the
previous day, $2.51.
The $0.2
million of compensation was recorded as a prepaid expense in
the condensed consolidated balance sheets. For the three and six months ended June 30, 2025, the Company recorded $3,000
 of general and administrative expense within the condensed
consolidated statements of operations and comprehensive loss related to the amortization of the prepaid.

Restricted
Stock

No
RSU’s or shares of restricted Common Stock were granted during the three or six months ended June 30, 2025. There were 50 shares
of restricted Common Stock vested as of June 30, 2025 and June 30, 2024.

Stock
Options

The
Company estimates the fair value of each option award on the date of grant using the Black-Scholes option-pricing model. The Company
then recognizes the grant date fair value of each option as compensation expense ratably using the straight-line attribution method over
the service period (generally the vesting period). The Black-Scholes model incorporates the following assumptions:

    ●
    Expected
    volatility – the Company estimates the volatility of the share price of their peer companies at the date of grant