Company: CDT
Filing Date: 2025-08-14
Form Type: 10-Q/A
Source: 0001641172-25-024123
Chunk: 19

Company: CDT Equity Inc.
Filing Date: 2025-08-14
Form: 10-Q/A
Chunk 19
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 192 |
| Total Assets                             |     | $                                               | 192 |     | $       | - |     | $       |     - |     | $     |   192 |
| Liabilities:                             |     |                                                 |     |     |         |   |     |         |       |     |       |       |
| Convertible notes payable, at fair value |     | $                                               |   - |     | $       | - |     | $       | 5,856 |     | $     | 5,856 |
| Liability Classified Warrants            |     |                                                 |   - |     |         | - |     |         |   138 |     |       |   138 |
| Total Liabilities                        |     | $                                               |   - |     | $       | - |     | $       | 5,994 |     | $     | 5,994 |

Cash equivalents consist of highly liquid money market funds with maturities of three months or less and are reflected in the Condensed consolidated balance sheets at carrying value, which approximates fair value due to their short-term nature.

The following table presents additional information about the Convertible Notes Payable subject to measurement at fair value on a recurring basis and warrant liabilities, for which the Company used significant unobservable inputs (Level 3) (in thousands):

Schedule of Additional Information About the Financial Liabilities Subject To Measurement at Fair Value

|                                 |     | Convertible Notes Payable |        |   |     | Liability Classified Warrants |      |   |
|:--------------------------------|:----|:--------------------------|-------:|:--|:----|:------------------------------|-----:|:--|
| Balance as of December 31, 2024 |     | $                         |  5,856 |   |     | $                             |  138 |   |
| Repayment of convertible note   |     |                           | (1,054 | ) |     |                               |    - |   |
| Change in fair value            |     |                           | (2,139 | ) |     |                               | (131 | ) |
| Balance as of March 31, 2025    |     | $                         |  2,663 |   |     | $                             |    7 |   |

| 11 |

Convertible Notes Payable

As discussed in Note 5, on
October 31, 2024, the Company and Nirland agreed