10-Q Filing

CDT EQUITY INC. CIK: 1896212 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001493152-22-014244`
Period End Date	20220331
Filing Date	20220518
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 6 Cash Flow Statement 20 Stockholders Equity 8

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Shares subject to possible redemption	`SharesSubjectToMandatoryRedemptionSettlementTermsNumberOfShares`	13.22M	shares	Point-in-time
Shares subject to possible redemption	`SharesSubjectToMandatoryRedemptionSettlementTermsNumberOfShares`	13.22M	shares	Point-in-time
Temporary equity, redemption price	`TemporaryEquityRedemptionPricePerShare`	$10.20	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$48.55K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$964.60K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$489.02K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$55.61K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.45M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$104.16K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseNoncurrent`	$167.22K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseNoncurrent`	-	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$134.91M	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	-	USD	Point-in-time
Deferred offering costs	`DeferredCosts`	-	USD	Point-in-time
Deferred offering costs	`DeferredCosts`	$108.96K	USD	Point-in-time
Total Assets	`Assets`	$136.53M	USD	Point-in-time
Total Assets	`Assets`	$213.12K	USD	Point-in-time
Accrued offering costs	`AccruedOfferingCosts`	$15.45K	USD	Point-in-time
Accrued offering costs	`AccruedOfferingCosts`	$74.48K	USD	Point-in-time
Related party payable	`AccountsPayableRelatedPartiesCurrent`	$3.88K	USD	Point-in-time
Related party payable	`AccountsPayableRelatedPartiesCurrent`	-	USD	Point-in-time
Note payable Sponsor	`NotesPayableCurrent`	$177.06K	USD	Point-in-time
Note payable Sponsor	`NotesPayableCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$192.51K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$78.36K	USD	Point-in-time
Deferred commission payable	`DeferredCommissionPayableNonCurrent`	$4.63M	USD	Point-in-time
Deferred commission payable	`DeferredCommissionPayableNonCurrent`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$192.51K	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.71M	USD	Point-in-time
Commitments and Contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock subject to possible redemption at redemption value (13,225,000 shares at $10.20)	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Common stock subject to possible redemption at redemption value (13,225,000 shares at $10.20)	`TemporaryEquityCarryingAmountAttributableToParent`	$134.90M	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.67K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.38K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.08M	USD	Point-in-time
Total Stockholders (Deficit) Equity	`StockholdersEquity`	$20.62K	USD	Point-in-time
Total Stockholders (Deficit) Equity	`StockholdersEquity`	$-3.08M	USD	Point-in-time
Total Liabilities and Stockholders (Deficit) Equity	`LiabilitiesAndStockholdersEquity`	$213.12K	USD	Point-in-time
Total Liabilities and Stockholders (Deficit) Equity	`LiabilitiesAndStockholdersEquity`	$136.53M	USD	Point-in-time

Income Statement 6 line items

Line Item	Tag	Value	Unit	Period
General and administrative expenses	`GeneralAndAdministrativeExpense`	$243.72K	USD	1 Quarter
Administration fee related party	`AdministrationFeeRelatedParty`	$20.00K	USD	1 Quarter
Total expenses	`OperatingIncomeLoss`	$-263.72K	USD	1 Quarter
Interest income Investments held in Trust Account	`InvestmentIncomeInterest`	$10.18K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$10.18K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-253.54K	USD	1 Quarter

Cash Flow Statement 20 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-253.54K	USD	1 Quarter
Interest earned on Trust assets	`InvestmentIncomeInterest`	$10.18K	USD	1 Quarter
Deferred offering costs	`IncreaseDecreaseInDeferredRevenue`	$108.96K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$600.64K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$59.03K	USD	1 Quarter
Related Party Payable	`IncreaseDecreaseInDueToRelatedParties`	$3.88K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-692.49K	USD	1 Quarter
Cash deposited into Trust Account	`PaymentsToAcquireInvestments`	$134.90M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-134.90M	USD	1 Quarter
Sale of units in public offering	`ProceedsFromIssuanceInitialPublicOffering`	$132.25M	USD	1 Quarter
Sale of private placement units	`ProceedsFromIssuanceOfPrivatePlacement`	$7.54M	USD	1 Quarter
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$3.11M	USD	1 Quarter
Repayment of Sponsor note	`RepaymentsOfRelatedPartyDebt`	$177.06K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$136.50M	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$916.05K	USD	1 Quarter
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$48.55K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$964.60K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$48.55K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$964.60K	USD	Point-in-time
Deferred commission payable	`DeferredUnderwritingCommissionPayable`	$4.63M	USD	1 Quarter

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$20.62K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-3.08M	USD	Point-in-time
Proceeds allocated to Public Warrants, net of offering costs	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$21.92M	USD	1 Quarter
Sale of private placement units, net of offering costs	`StockIssuedDuringPeriodValueNewIssues`	$7.52M	USD	1 Quarter
Remeasurement of Class A common stock subject to possible redemption	`RemeasurementOfClassCommonStockSubjectToPossibleRedemption`	$-32.28M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-253.54K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$20.62K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-3.08M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.