Company: CDT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024140
Chunk: 51

Company: CDT Equity Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 51
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ages the Company’s operations on a consolidated basis, assesses performance for the operating segment and decides how to allocate
resources based on consolidated net loss, which is reported on the condensed consolidated statements of operations and comprehensive
loss. Depreciation expense, amortization expense, stock-based compensation expense, and non-cash lease expense are significant noncash
items included in consolidated net loss reviewed by the CODM and are reported on the consolidated statements of cash flows. The measure
of segment assets is reported on the consolidated balance sheets as total consolidated assets. Expenditures for additions to long-lived
assets, which 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.

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 

    Three
                                            Months ended
                                                                                June
                                            30,  
    Six
                                            Months ended  June
                                            30, 
  
    (Dollar amounts in thousands) 
    2025  
    2024  
    2025  
    2024 
  
    Operating expenses: 

    Research & development expenses-clinical asset development 
    $222  
    $25  
    $411  
    $153 
  
    Research & development expense – related parties 
     1,638  
     -  
     2,365  
     - 
  
    General and administrative expenses – legal & professional fees 
     872  
     711  
     1,632  
     956 
  
    General and administrative expenses – accounting & audit fees 
     378  
     256  
     922  
     903 
  
    General and administrative expenses – salaries, payroll and SBC 
     751  
     1,184  
     1,444  
     2,170 
  
    General and administrative expenses - other 
     1,091  
     964  
     1,794  
     1,913 
  
    Total operating costs and expenses 
     4,952  
     3,140