Company: CDT
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022373
Chunk: 50

Company: CDT Equity Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 50
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 forth our results of operations for the periods indicated:

    Three Months ended September 30,  
    Nine Months ended September 30, 
  
    (Dollar amounts in thousands) 
    2025  
    2024  
    2025  
    2024 
  
    Operating expenses: 

    Research and development expenses 
    $1,532  
    $3,093  
    $4,308  
    $3,246 
  
    General and administrative expenses 
     5,501  
     2,718  
     11,293  
     8,660 
  
    Total operating costs and expenses 
     7,033  
     5,811  
     15,601  
     11,906 
  
    Operating loss 
     (7,033) 
     (5,811) 
     (15,601) 
     (11,906)
  
    Other income (expenses): 

    Other income (expense), net 
     (44) 
     (341) 
     (2,036) 
     (2,954)
  
    Interest Income 
     7  
     -  
     19  
     11 
  
    Interest expense, net 
     (48) 
     (309) 
     (281) 
     (547)
  
    Total other (expense) income, net 
     (85) 
     (650) 
     (2,298) 
     (3,490)
  
    Net loss 
    $(7,118) 
    $(6,461) 
    $(17,899) 
     (15,396)

Comparison
of the Three Months Ended September 30, 2025 and 2024

Research
and Development Expenses

    Three Months ended  September 30,  
    Change 
  
    (Dollar amounts in thousands) 
    2025  
    2024  
    Amount  
    % 
  
    Research and development expenses 
    $1,532  
    $3,093  
    $(1,561) 
     (50)%

Research and development expenses decreased by $1.6 million, or 50%, to
$1.6 million for the three months ended September 30, 202