Company: CDT
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001246
Chunk: 889

Company: CDT Equity Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 9B
Chunk 889
---
.3
million in net proceeds after paying fees
to A.G.P. and other issuance costs of $0.2
million. See Note 20 for information on the issuances
and increases to the aggregate offering price subsequent to December 31, 2024.

    F-30

14.
Earnings/(Net Loss) Per Share

The
following table presents the calculation of basic and diluted earnings/(net loss) per share (in thousands, except share amounts and per
share data):

Schedule
of Basic and Diluted Net Loss Per Share

    2024  
    2023 

    For
                                            the years ended
                                                                               December 31, 

    2024  
    2023 
  
    Numerator: 

    Net income (loss) - basic 
    $(17,802) 
    $(535)
  
    Less: Change in fair value and income impact of option liabilities 
     -  
     (5,521)
  
    Net income (loss) - diluted 
    $(17,802) 
    $(6,056)
  
    Denominator: 

    Weighted average common stock outstanding, basic 
     867,096  
     669,739 
  
    Add: Option liability conversion shares 
     -  
     9,200 
  
    Weighted average shares used in computing net loss per share - diluted 
     867,096  
     678,939 
  
    Net income (loss) per share, basic 
    $(20.53) 
    $(0.79)
  
    Net income (loss) per share, diluted 
    $(20.53) 
    $(8.92)

The
Company notes that the adjustment to the numerator in 2023 for the change in fair value and income impact of Vela and Cizzle
accounts for changes in fair value of each option, gains (losses) at the time of issuance of each option and the statement of
operations impact of the derecognition of deferred revenue that originated upon the initial sale of royalties to both Vela and
Cizzle.

Potentially
dilutive securities (upon conversion) that were not included in the diluted per share calculations because they would have been anti-dilutive
were as follows:

Schedule
of Potentially Dilutive Securities

    As of  
    As of 

    December 31, 2024  
    December