Company: CDT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024140
Chunk: 138

Company: CDT Equity Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 138
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 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 $0.1 million cash outflow from accrued expenses and other current liabilities and a $0.3 million cash outflow from
prepaid expenses.

Cash
Flows Used in Investing Activities

Net cash used in investing activities for the six months ended June 30,
2025, was $0.4 million, resulting from $0.4 million in diagnostic asset purchases and purchases of property, plant and equipment.

Net
cash used in investing activities for the six months ended June 30, 2024, resulted from net purchases of short term investments of $0.2
million and purchases of PP&E during the year.

38

Cash
Flows Provided by Financing Activities

Net
cash provided by financing activities for the six months ended June 30, 2025, was $9.7 million, resulting from proceeds from the issuance
of common shares related to the ATM program of $11.9 million, partially offset by repayments of notes payable of $0.2 million, repayments
of notes payable – related parties of $0.4 million, repayment of convertible notes payable – related parties of $0.9 million,
repayment of convertible notes payable of $0.7 million, and treasury stock purchases of $0.1 million.

Net
cash provided by financing activities for