Company: CDT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024140
Chunk: 67

Company: CDT Equity Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 67
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 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 the six months ended June 30, 2024, was $0.1 million, resulting from the proceeds on the issuance
of the April 2024 warrants.

Contractual
Obligations and Other Commitments

Laboratory
Lease

We
are the lessee under a laboratory space lease. The annual rent payments are $0.1 million for the years ending December 31, 2025 and December
31, 2026. The laboratory space lease has a remaining lease term of approximately two years.

Critical
Accounting Estimates

The
preparation of financial statements in conformity with U.S. GAAP requires us to make estimates, judgments and assumptions that affect
the amounts reported in the Consolidated Financial Statements. These estimates, judgments and assumptions are evaluated on an ongoing
basis. We base our estimates on historical experience and on various other assumptions that we believe are reasonable at that time, the
results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent
from other sources. Actual results may differ materially from those estimates. The accounting policies that reflect our more significant