Company: CDT
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001246
Chunk: 1090

Company: CDT Equity Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 11
Chunk 1090
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4, there were no transfers between Level 1 and Level 2, nor into or out of Level 3. 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):

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

    Fair Value Measurements as of December 31, 2024 

    Level 1  
    Level 2  
    Level 3  
    Total 
  
    Assets: 

    Cash equivalents 
    $192  
    $-  
    $-  
    $192 
  
    Total Assets 
    $192  
    $-  
    $-  
    $192 

    Liabilities: 

    Convertible notes payable at fair value 
    $-  
    $-  
    $5,856  
    $5,856 
  
    Liability Classified Warrants 
     -  
     0  
     138  
     138 
  
    Total Liabilities 
    $-  
    $-  
    $5,994  
    $5,994 

The
following table presents as of December 31, 2023 the Company’s liabilities subject to measurement at fair value on a recurring
basis (in thousands):

    Fair Value Measurements as of December 31, 2023 

    Level 1  
    Level 2  
    Level 3  
    Total 
  
    Liabilities: 

    Liability Classified Warrants 
    $-  
    $142  
    $-  
    $142 
  
    Total Liabilities 
    $-  
    $142  
    $-  
    $142 

Cash
equivalents consist of highly liquid money market funds with maturities of three months or less and are reflected in the Consolidated
Balance Sheets at carrying value, which approximates fair value due to their short-term nature.

The
following table presents additional information about the Convertible Notes Payable subject to measurement at fair value on a recurring
basis and warrant liabilities, for which the Company used significant unobservable inputs (Level 3) (in thousands):

Schedule
of Additional Information About the Financial Liabilities Subject To Measurement at Fair Value

    Convertible Notes Payable  
    Liability Classified Warrants