Company: CDT
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022373
Chunk: 13

Company: CDT Equity Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 13
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, Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic
220-40): Disaggregation of Income Statement Expenses, which is intended to provide more detailed information about specified categories
of expenses (purchases of inventory, employee compensation, depreciation and amortization) included in certain expense captions presented
on the consolidated statements of operations and comprehensive income (loss). The guidance in this ASU is effective for fiscal years
beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted.
The amendments may be applied either (1) prospectively to financial statements issued for periods after the effective date of this ASU
or (2) retrospectively to all prior periods presented in the consolidated financial statements. The Company is currently evaluating the
impact that the adoption of ASU 2024-03 will have on its consolidated financial statements and disclosures.

2.
Fair Value

The
following table presents as of September 30, 2025 the Company’s assets and liabilities subject to measurement at fair value on
a recurring basis (in thousands):

Schedule of Assets Subject to Measurement at Fair Value on Recurring Basis 

    Fair Value Measurements as of September 30, 2025 

    Level 1  
    Level 2  
    Level 3  
    Total 
  
    Assets: 

    Cash equivalents 
    $4  
    $-  
    $-  
    $4 
  
    Digital assets 
     990  
     -  
     -  
     990 
  
    Total Assets 
    $994  
    $-  
    $-  
    $994 

    Liabilities: 

    Convertible notes payable, at fair value 
    $-  
    $-  
    $1,731  
    $1,731 
  
    Liability Classified Warrants 
     -  
     -  
     1  
     1 
  
    Total Liabilities 
    $-  
    $-  
    $1,732  
    $1,732 

    11

The
following table presents as of December 31, 2024 the Company’s assets and liabilities subject to measurement at fair value on a
recurring basis (in thousands):

    Fair Value Measurements as of December 31, 2024