Company: CDT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024140
Chunk: 160

Company: CDT Equity Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 160
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 Operating Activities 
    $(6,509) 
    $(3,870)
  
    Investing Activities 
     (405) 
     (224)
  
    Financing Activities 
     9,684  
     113 
  
    Effect of exchange rate changes on cash and cash equivalents 
     8  
     (28)
  
    Net increase(decrease) in cash and cash equivalents 
    $2,778  
    $(4,009)

Cash
Flows Used in Operating Activities

Net cash used in operating activities for the six months ended June 30,
2025, was $6.5 million, resulting primarily from a net loss of $10.8 million, adjusted for non-cash items including a $0.4 million gain
on waiver of accrued interest, $0.3 million gain on debt extinguishment, $0.1 change in fair value of derivative warrant liability, a
$2.9 million change in fair value of convertible notes, $1.8 million of amortization expense, $0.4 million of stock-based compensation,
$0.2 million of non-cash interest expense, and a $0.2 million cash outflow from operating assets and liabilities. The $0.2 million cash
outflow from operating assets and liabilities is primarily due to a $0.2 million cash outflow from accounts payable, a $0.1 million cash
outflow from accrued expenses and other current liabilities and a $0.1 million cash outflow from operating lease liabilities, partially
offset by a $0.2 million cash inflow from prepaid expenses and other current assets.

Net
cash used in operating activities for the six months ended June 30, 2024, was $3.9 million, resulting primarily from a net loss of $8.9
million and a change in the fair value of warrants of $0.1 million, adjusted for non-cash items including $0.9 million of stock-based
compensation, $0.9 million of amortization expense, $2.7 million expense on the issuance of warrants, $0.2 million interest expense of
the deferred commission payable, $0.2 million non-cash share issuance and a $0.4 million cash inflow from operating assets and liabilities.
The $0.4 million cash inflow from operating assets and liabilities is primarily due to a $0.8 million cash inflow from accounts payable,
partially offset by a $0