XML 25 R14.htm IDEA: XBRL DOCUMENT
v3.24.3

Deferred Commission Payable | 3 Months Ended
--- | ---
Mar. 31, 2024
Deferred Commission Payable |
Deferred Commission Payable | 8. Deferred Commission Payable As discussed in Note 3, A.G.P was a financial advisor to both the MURF and Old Conduit in connection with the Merger transaction. Upon the completion of the Merger, A.G.P.: (i) received a cash fee of $6.5 million, 1,300,000 shares of Common Stock, and warrants to purchase 54,000 shares of Common Stock at an exercise price of $11.00 per share pursuant to its engagement agreement with Old Conduit entered into on August 2, 2022, and (ii) agreed to defer payment, to be paid in the future under certain circumstances by a date no later than March 21, 2025, of $5.7 million of fees plus annual interest of 5.5% as a result of its engagement for MURF’s IPO. The $5.7 million deferred commissions payable was recorded as a current liability on the Company’s unaudited condensed consolidated balance sheet as of March 31, 2024. Accrued interest was recorded as a liability on the Company’s condensed consolidated balance sheet and totaled $0.2 million and $0.1 million as of March 31, 2024 and December 31, 2023.

X
- Definition Deferred Commission Payable [Text Block] + References No definition available. + Details
Name: | CDT_DeferredCommissionPayableTextBlock
Namespace Prefix: | CDT_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | CDT_DisclosureDeferredCommissionPayableAbstract
Namespace Prefix: | CDT_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration