10-Q Filing

CDT EQUITY INC. CIK: 1896212 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0001493152-22-030830`
Period End Date	20220930
Filing Date	20221107
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 47 Income Statement 18 Cash Flow Statement 24 Stockholders Equity 17

Balance Sheet 47 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`	$10.25	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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$48.55K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$728.07K	USD	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`	$418.41K	USD	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`	$1.15M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$104.16K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	-	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
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$135.71M	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`	$213.12K	USD	Point-in-time
Total Assets	`Assets`	$136.85M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$15.45K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$316.13K	USD	Point-in-time
Note payable Sponsor	`NotesPayableCurrent`	-	USD	Point-in-time
Note payable Sponsor	`NotesPayableCurrent`	$177.06K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$316.13K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$192.51K	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`	$4.94M	USD	Point-in-time
Total Liabilities	`Liabilities`	$192.51K	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 $10.25 per share)	`TemporaryEquityCarryingAmountAttributableToParent`	$135.61M	USD	Point-in-time
Common stock subject to possible redemption at redemption value (13,225,000 shares at $10.25 per share)	`TemporaryEquityCarryingAmountAttributableToParent`	-	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`	$-3.70M	USD	Point-in-time
Total Stockholders Equity (Deficit)	`StockholdersEquity`	$-3.30M	USD	Point-in-time
Total Stockholders Equity (Deficit)	`StockholdersEquity`	$20.62K	USD	Point-in-time
Total Stockholders Equity (Deficit)	`StockholdersEquity`	$-3.70M	USD	Point-in-time
Total Stockholders Equity (Deficit)	`StockholdersEquity`	$-3.08M	USD	Point-in-time
Total Liabilities and Stockholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$136.85M	USD	Point-in-time
Total Liabilities and Stockholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$213.12K	USD	Point-in-time

Income Statement 18 line items

Line Item	Tag	Value	Unit	Period
General and administrative expenses	`GeneralAndAdministrativeExpense`	$216.36K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$709.50K	USD	3 Qtrs
Administration fee related party	`AdministrationFeeRelatedParty`	$30.00K	USD	1 Quarter
Administration fee related party	`AdministrationFeeRelatedParty`	$80.00K	USD	3 Qtrs
Total expenses	`OperatingIncomeLoss`	$-246.36K	USD	1 Quarter
Total expenses	`OperatingIncomeLoss`	$-789.50K	USD	3 Qtrs
Interest income Investments held in Trust Account	`InvestmentIncomeInterest`	$609.92K	USD	1 Quarter
Interest income Investments held in Trust Account	`InvestmentIncomeInterest`	$811.69K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$609.92K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$811.69K	USD	3 Qtrs
Net income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$363.56K	USD	1 Quarter
Net income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$22.19K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$186.36K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$156.65K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-117.54K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$206.91K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-253.54K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-164.17K	USD	3 Qtrs

Cash Flow Statement 24 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-117.54K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$206.91K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-253.54K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-164.17K	USD	3 Qtrs
Interest earned on Trust assets	`InvestmentIncomeOnTrustAssets`	$811.69K	USD	3 Qtrs
Deferred offering costs	`IncreaseDecreaseInDeferredRevenue`	$108.96K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$362.80K	USD	3 Qtrs
Accrued formation and offering costs	`IncreaseDecreaseInAccruedFormationAndOfferingCosts`	$15.45K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$316.13K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-929.01K	USD	3 Qtrs
Cash deposited into Trust Account	`PaymentsToAcquireInvestments`	$134.90M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-134.90M	USD	3 Qtrs
Sale of units in public offering	`ProceedsFromIssuanceInitialPublicOffering`	$132.25M	USD	2 Qtrs
Sale of units in public offering	`ProceedsFromIssuanceInitialPublicOffering`	$132.25M	USD	3 Qtrs
Sale of private placement units	`ProceedsFromIssuanceOfPrivatePlacement`	$7.54M	USD	3 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$3.11M	USD	3 Qtrs
Repayment of note payable - Sponsor	`RepaymentsOfRelatedPartyDebt`	$177.06K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$136.50M	USD	3 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$679.52K	USD	3 Qtrs
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$728.07K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$48.55K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$728.07K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$48.55K	USD	Point-in-time
Deferred commission payable	`DeferredUnderwritingCommissionPayable`	$4.63M	USD	3 Qtrs

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-3.30M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$20.62K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-3.70M	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
Remeasurement of Class A common stock subject to possible redemption	`RemeasurementOfClassCommonStockSubjectToPossibleRedemption`	$-609.92K	USD	1 Quarter
Remeasurement of Class A common stock subject to possible redemption	`RemeasurementOfClassCommonStockSubjectToPossibleRedemption`	$-101.77K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-117.54K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$206.91K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-253.54K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-164.17K	USD	3 Qtrs
Ending balance, value	`StockholdersEquity`	$-3.70M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-3.30M	USD	Point-in-time
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.