10-Q Filing

CDT EQUITY INC. CIK: 1896212 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001493152-22-022098`
Period End Date	20220630
Filing Date	20220811
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 49 Income Statement 17 Cash Flow Statement 22 Stockholders Equity 13

Balance Sheet 49 line items

Line Item	Tag	Value	Unit	Period
Shares subject to possible redemption	`SharesSubjectToMandatoryRedemptionSettlementTermsNumberOfShares`	13.22M	shares	Point-in-time
Temporary equity, redemption price	`TemporaryEquityRedemptionPricePerShare`	$10.21	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$48.55K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$837.69K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Prepaid expenses - current	`PrepaidExpenseCurrent`	$55.61K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Prepaid expenses - current	`PrepaidExpenseCurrent`	$489.02K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.33M	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
Prepaid expenses - noncurrent	`PrepaidExpenseNoncurrent`	-	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 - noncurrent	`PrepaidExpenseNoncurrent`	$45.30K	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	-	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$135.10M	USD	Point-in-time
Deferred offering costs	`DeferredCosts`	$108.96K	USD	Point-in-time
Deferred offering costs	`DeferredCosts`	-	USD	Point-in-time
Total Assets	`Assets`	$213.12K	USD	Point-in-time
Total Assets	`Assets`	$136.47M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$138.65K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$15.45K	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`	$138.65K	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`	$4.77M	USD	Point-in-time
Total Liabilities	`Liabilities`	$192.51K	USD	Point-in-time
Commitments and Contingencies (Note 6)	`CommitmentsAndContingencies`	-	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 $10.208 per share)	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Common stock subject to possible redemption at redemption value (13,225,000 shares at $10.208 per share)	`TemporaryEquityCarryingAmountAttributableToParent`	$135.00M	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`	$-3.30M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.38K	USD	Point-in-time
Total Stockholders (Deficit) Equity	`StockholdersEquity`	$-3.30M	USD	Point-in-time
Total Stockholders (Deficit) Equity	`StockholdersEquity`	$-3.08M	USD	Point-in-time
Total Stockholders (Deficit) Equity	`StockholdersEquity`	$20.62K	USD	Point-in-time
Total Liabilities and Stockholders (Deficit) Equity	`LiabilitiesAndStockholdersEquity`	$213.12K	USD	Point-in-time
Total Liabilities and Stockholders (Deficit) Equity	`LiabilitiesAndStockholdersEquity`	$136.47M	USD	Point-in-time

Income Statement 17 line items

Line Item	Tag	Value	Unit	Period
General and administrative expenses	`GeneralAndAdministrativeExpense`	$249.42K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$493.14K	USD	2 Qtrs
Administration fee related party	`AdministrationFeeRelatedParty`	$30.00K	USD	1 Quarter
Administration fee related party	`AdministrationFeeRelatedParty`	$50.00K	USD	2 Qtrs
Total expenses	`OperatingIncomeLoss`	$-279.42K	USD	1 Quarter
Total expenses	`OperatingIncomeLoss`	$-543.14K	USD	2 Qtrs
Interest income Investments held in Trust Account	`InvestmentIncomeInterest`	$191.59K	USD	1 Quarter
Interest income Investments held in Trust Account	`InvestmentIncomeInterest`	$201.77K	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$191.59K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$201.77K	USD	2 Qtrs
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-87.83K	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-341.37K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$29.70K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$29.70K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-117.54K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-253.54K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-371.07K	USD	2 Qtrs

Cash Flow Statement 22 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-117.54K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-253.54K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-371.07K	USD	2 Qtrs
Interest earned on Trust assets	`InvestmentIncomeOnTrustAssets`	$201.77K	USD	2 Qtrs
Deferred offering costs	`IncreaseDecreaseInDeferredRevenue`	$108.96K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$478.72K	USD	2 Qtrs
Accrued formation and offering costs	`IncreaseDecreaseInAccruedFormationAndOfferingCosts`	$15.45K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$138.65K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-819.40K	USD	2 Qtrs
Cash deposited into Trust Account	`PaymentsToAcquireInvestments`	$134.90M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-134.90M	USD	2 Qtrs
Sale of units in public offering	`ProceedsFromIssuanceInitialPublicOffering`	$132.25M	USD	2 Qtrs
Sale of private placement units	`ProceedsFromIssuanceOfPrivatePlacement`	$7.54M	USD	2 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$3.11M	USD	2 Qtrs
Repayment of Sponsor note	`RepaymentsOfRelatedPartyDebt`	$177.06K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$136.50M	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$789.13K	USD	2 Qtrs
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$48.55K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$837.69K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$48.55K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$837.69K	USD	Point-in-time
Deferred commission payable	`DeferredUnderwritingCommissionPayable`	$4.63M	USD	2 Qtrs

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-3.30M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$20.62K	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`	$-101.77K	USD	1 Quarter
Remeasurement of Class A common stock subject to possible redemption	`RemeasurementOfClassCommonStockSubjectToPossibleRedemption`	$-32.28M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-117.54K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-253.54K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-371.07K	USD	2 Qtrs
Balance	`StockholdersEquity`	$-3.30M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$20.62K	USD	Point-in-time

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