Company: CDAQF
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001641172-25-000421
Chunk: 847

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 4
Chunk 847
---
(190,383) 
     (278,958) 
     (469,341)
  
    Fair value as of December 31, 2024 
    $48,321  
    $70,802  
    $119,123 

    (1)
    Changes
    in fair value are recognized in changes in fair value of warrant liabilities in the accompanying statements of operations.

    F-23

COMPASS
DIGITAL ACQUISITION CORP.

NOTES
TO FINANCIAL STATEMENTS

NOTE
11 - SEGMENT INFORMATION

ASC
Topic 280, “Segment Reporting,” establishes standards for companies to report in their financial statement information about
operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise
that engage in business activities from which it may recognize revenues and incur expenses, and for which separate financial information
is available that is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate
resources and assess performance.

The
Company’s CODM has been identified as the Chief Executive Officer, who reviews the assets, operating results, and financial metrics
for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management
has determined that there is only one reportable segment.

The
CODM assesses performance for the single segment and decides how to allocate resources based on net income or loss that also is reported
on the statement of operations as net income or loss. The measure of segment assets is reported on the balance sheet as total assets.
When evaluating the Company’s performance and making key decisions regarding resource allocation, the CODM reviews several key
metrics included in net income or loss and total assets, which include the following:

 SCHEDULE
OF SEGMENT ASSETS

    December 31, 2024  
    December 31, 2023 
  
    Cash 
    $27,720  
    $44,046 
  
    Cash held in Trust Account 
    $27,637,300  
    $55,347,556 

    For the Year Ended December 31, 2024  
    For the Year Ended December 31, 2023 
  
    Operating expenses 
    $1,794,928  
    $1,926,567 
  
    Interest earned on marketable securities held in Trust Account 
    $1,928,109