Company: CDT
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001246
Chunk: 885

Company: CDT Equity Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 9B
Chunk 885
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 income tax 
     -  
     - 
  
    Deferred 

    Federal 
     (2,429) 
     (843)
  
    State 
     355  
     (355)
  
    Foreign 
     (931) 
     (251)
  
    Deferred income tax 
     (3,005) 
     (1,449)

    Change in Valuation Allowance 
     3,005  
     1,449 

    Net Income Tax Expense 
     -  
     - 

Income
tax provision differed from the amount computed by applying the U.S. federal income tax rate of 21% to income (loss) before taxes, as
follows (in thousands):

Schedule
of Federal Income Tax Rate

    US  
    Foreign  
    Consolidated 

    For The Year Ended 

    2024 

    US  
    Foreign  
    Consolidated 
  
    Taxes at federal statutory rate 
    $(2,705) 
    $(1,039) 
    $(3,744)
  
    Foreign Rate Differential 
     -  
     91   
     91 
  
    Meals & Entertainment 
     0  
     -  
     0 
  
    Eq Comp Perm 
     84  
     -  
     84 
  
    Convertible Debt Adjustment 
     268  
     -  
     268 

    State Re-Rate 
     355  
     -  
     355 

    Other 
     (76) 
     17  
     (59)
  
    Change In Valuation Allowance 
     2,074  
     931  
     3,005 

    Total provision (benefit) for income taxes 
    $-  
    $-  
    $- 

    US  
    Foreign  
    Consolidated 

    For The Year Ended 

    2023 

    US  
    Foreign  
    Consolidated 
  
    Taxes at federal statutory rate 
    $(417) 
    $305  
    $(112)
  
    State Taxes 
     (175) 
     -  
     (175)
  
    Foreign Rate Differential 
     -  
     490  
     490