Company: CDAQF
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021994
Chunk: 51

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 51
---
,550  
    $651,375  
    $1,095,925 
  
    Change in fair value (1) 
     (155,109) 
     (227,273) 
     (382,382)
  
    Fair value as of June 30, 2024 
    $289,441  
    $424,102  
    $713,543 
  
    Change in fair value (1) 
     5,315  
     7,788  
     13,103 
  
    Fair value as of September 30, 2024 
    $294,756  
    $431,890  
    $726,646 

    (1)
    Changes
    in fair value are recognized in change in fair value of derivative warrant liabilities in the accompanying unaudited condensed statements
    of operations.

    19

COMPASS
DIGITAL ACQUISITION CORP.

NOTES
TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

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 (“CODM”), 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 condensed statements of operations as net income or loss. The measure of segment assets is reported on the condensed balance sheets
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

    September 30, 2025