Company: QTIWW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001844505-25-000083
Chunk: 42

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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 derivative liability within the condensed consolidated statements of operations and comprehensive loss as of the date immediately prior to the effective date of the Termination Agreement.Significant assumptions used in the valuation of the fair value of the derivative liability as of December 31, 2024 and February 26, 2025 were as follows:December 31, 2024February 26, 2025Fair value of common stock$0.49 $0.41 Term in years 1.26 1.11Volatility120.0 %125.0 %Risk-free rate4.2 %4.1 %Debt discount30.0 %30.0 %The activity for the fair value of the derivative liability during the six months ended June 30, 2025 was as follows:Derivative LiabilityBeginning balance, January 1, 2025$303,300 Extinguishment upon Termination Agreement(202,000)Change in fair value(101,300)Ending balance, March 31, 2025 and June 30, 2025$— 

The extinguishment of the derivative liability of $0 and $202,000 was recorded in other income (expense), net within the condensed consolidated statements of operations and comprehensive loss during the three and six months ended June 30, 2025, respectively. 

4.    Inventory

Inventory consisted of the following as of June 30, 2025 and December 31, 2024:June 30, 2025December 31, 2024Raw materials$2,396,311 $2,551,947 Work in process826,728 278,869 Finished goods8,059 309,903 Total$3,231,098 $3,140,719 

16

5.    Property and Equipment, Net

Property and equipment, net consisted of the following as of June 30, 2025 and December 31, 2024: Useful LifeJune 30, 2025December 31, 2024Scanners5 Years$1,904,491 $1,904,491 Computer and lab equipment3-5 Years1,471,330 1,424,513 Leasehold improvementsVarious421,266 421,266 Software3 Years50,374 50,374 Furniture and fixtures7 Years82,336 82,336 3,