10-K Filing

CDT EQUITY INC. CIK: 1896212 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001493152-23-009306`
Period End Date	20221231
Filing Date	20230328
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	form10-k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 47 Income Statement 16 Cash Flow Statement 54 Stockholders Equity 11

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`	$10.34	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$345.78K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$48.55K	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$300.86K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$55.61K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$646.64K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	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
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$136.87M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	-	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`	$137.52M	USD	Point-in-time
Total Assets	`Assets`	$213.12K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$15.45K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$43.11K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$374.86K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	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`	$417.98K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$192.51K	USD	Point-in-time
Deferred commission payable	`DeferredCommissionPayableNonCurrent`	-	USD	Point-in-time
Deferred commission payable	`DeferredCommissionPayableNonCurrent`	$4.63M	USD	Point-in-time
Total Liabilities	`Liabilities`	$192.51K	USD	Point-in-time
Total Liabilities	`Liabilities`	$5.05M	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 $10.34 per share)	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Common stock subject to possible redemption at redemption value (13,225,000 shares at $10.34 per share)	`TemporaryEquityCarryingAmountAttributableToParent`	$136.77M	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`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.67K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.30M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.38K	USD	Point-in-time
Total Stockholders Equity (Deficit)	`StockholdersEquity`	$20.62K	USD	Point-in-time
Total Stockholders Equity (Deficit)	`StockholdersEquity`	$-4.30M	USD	Point-in-time
Total Liabilities and Stockholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$213.12K	USD	Point-in-time
Total Liabilities and Stockholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$137.52M	USD	Point-in-time

Income Statement 16 line items

Line Item	Tag	Value	Unit	Period
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.09M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$4.38K	USD	1 Quarter
Administration fee related party	`AdministrationFeeRelatedParty`	$110.00K	USD	Annual
Administration fee related party	`AdministrationFeeRelatedParty`	-	USD	1 Quarter
Total expenses	`OperatingIncomeLoss`	$-1.20M	USD	Annual
Total expenses	`OperatingIncomeLoss`	$-4.38K	USD	1 Quarter
Interest income Investments held in Trust Account	`InvestmentIncomeInterest`	$1.98M	USD	Annual
Interest income Investments held in Trust Account	`InvestmentIncomeInterest`	-	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$1.98M	USD	Annual
Total other income	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Net income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$773.50K	USD	Annual
Net income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.38K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$374.86K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-4.38K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$398.64K	USD	Annual

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-4.38K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$398.64K	USD	Annual
Formation costs paid by note payable Sponsor	`FormationCostsPaidByNotePayableSponsor`	$3.99K	USD	1 Quarter
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$1.98M	USD	Annual
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	-	USD	1 Quarter
Deferred offering costs	`IncreaseDecreaseInDeferredRevenue`	-	USD	1 Quarter
Deferred offering costs	`IncreaseDecreaseInDeferredRevenue`	$108.96K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$245.25K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$5.61K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	-	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$27.66K	USD	Annual
Accrued income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$374.86K	USD	Annual
Accrued income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.31M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.00K	USD	1 Quarter
Cash deposited into Trust Account	`PaymentsToAcquireInvestments`	-	USD	1 Quarter
Cash deposited into Trust Account	`PaymentsToAcquireInvestments`	$134.90M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-134.90M	USD	Annual
Deferred offering costs	`PaymentsOfFinancingCosts`	$45.45K	USD	1 Quarter
Deferred offering costs	`PaymentsOfFinancingCosts`	-	USD	Annual
Proceeds from note payable - Sponsor	`ProceedsFromRelatedPartyDebt`	$75.00K	USD	1 Quarter
Proceeds from note payable - Sponsor	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Proceeds from issuance of Class B common stock to Sponsor	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	1 Quarter
Proceeds from issuance of Class B common stock to Sponsor	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Sale of units in public offering	`ProceedsFromIssuanceInitialPublicOffering`	$132.25M	USD	2 Qtrs
Sale of units in public offering	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	1 Quarter
Sale of units in public offering	`ProceedsFromIssuanceInitialPublicOffering`	$132.25M	USD	Annual
Sale of private placement units	`ProceedsFromIssuanceOfPrivatePlacement`	$7.54M	USD	Annual
Sale of private placement units	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	1 Quarter
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	-	USD	1 Quarter
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$3.11M	USD	Annual
Repayment of note payable - Sponsor	`RepaymentsOfRelatedPartyDebt`	$177.06K	USD	Annual
Repayment of note payable - Sponsor	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$136.50M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$54.55K	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$297.22K	USD	Annual
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$48.55K	USD	1 Quarter
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$345.78K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$48.55K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$345.78K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$48.55K	USD	Point-in-time
Deferred offering costs included in accrued offering costs	`DeferredOfferingCostsIncludedInAccruedOfferingCosts`	-	USD	Annual
Deferred offering costs included in accrued offering costs	`DeferredOfferingCostsIncludedInAccruedOfferingCosts`	$15.45K	USD	1 Quarter
Prepaid expenses paid by note payable - Sponsor	`PrepaidExpensesPaidByNotePayable`	$50.00K	USD	1 Quarter
Prepaid expenses paid by note payable - Sponsor	`PrepaidExpensesPaidByNotePayable`	-	USD	Annual
Deferred offering costs paid by note payable - Sponsor	`DeferredOfferingCostsPaidByNotePayable`	$47.88K	USD	1 Quarter
Deferred offering costs paid by note payable - Sponsor	`DeferredOfferingCostsPaidByNotePayable`	-	USD	Annual
Deferred commission payable	`DeferredUnderwritingCommissionPayable`	$4.63M	USD	Annual
Deferred commission payable	`DeferredUnderwritingCommissionPayable`	-	USD	1 Quarter
Class A shares subject to redemption	`ClassASharesSubjectToRedemption`	-	USD	1 Quarter
Class A shares subject to redemption	`ClassASharesSubjectToRedemption`	$136.77M	USD	Annual

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$20.62K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-4.30M	USD	Point-in-time
Sale of Private Placement Units, net of offering costs	`StockIssuedDuringPeriodValueNewIssues`	$7.52M	USD	Annual
Sale of Private Placement Units, net of offering costs	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-4.38K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$398.64K	USD	Annual
Proceeds allocated to Public Warrants, net of offering costs	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$21.92M	USD	Annual
Remeasurement of Class A common stock subject to possible redemption upon IPO	`AdjustmentsToAdditionalPaidInCapitalStockRemeasurementOfClassCommonStockSubjectToPossibleRedemptionUponIpo`	$32.28M	USD	Annual
Remeasurement of Class A shares to redemption value	`StockRedeemedOrCalledDuringPeriodValue`	$1.88M	USD	Annual
Ending balance, value	`StockholdersEquity`	$20.62K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-4.30M	USD	Point-in-time

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