Company: QTIWW
Filing Date: 2025-12-31
Form Type: 424B3
Source: 0001628280-25-059235
Chunk: 330

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-12-31
Form: 424B3
Chunk 330
---
, it is probable that a significant future reversal of cumulative revenue under the contract will not occur. The Company’s contracts do not contain a significant financing component.

4) Allocation of the transaction price to the performance obligations in the contract

If the contract contains a single performance obligation, the entire transaction price is allocated to the single performance obligation. Contracts that contain multiple performance obligations require an allocation of the transaction price to each performance obligation based on a relative standalone selling price.

5) Recognition of revenue when, or as a performance obligation is satisfied

For product sales and services, revenue is recognized at the time the related performance obligation is satisfied by transferring the control of the promised goods or services to a customer, in an amount that reflects the consideration that the Company expects to receive in exchange for those goods or services. Training and maintenance services are generally recognized upon invoicing in amounts that correspond directly with the value to the customer of the performance completed to date which primarily includes professional service arrangements entered on a time and materials basis.

Substantially all of the revenue recognized by the Company during the years ended December 31, 2024 and 2023 was recognized at a point in time.

Revenue recognized during the years ended December 31, 2024 and 2023 is disaggregated as follows:

|         |     | Year Ended December 31, |      2024 |     |   |   2023 |
|:--------|:----|:------------------------|----------:|:----|:--|-------:|
| Product |     | $                       | 4,679,410 |     | $ | 17,832 |
| Service |     |                         |   199,255 |     |   | 22,523 |
|         |     | $                       | 4,878,665 |     | $ | 40,355 |

Revenue recognized by geography during the years ended December 31, 2024 and 2023 is as follows:

|               |     | Year Ended December 31, |      2024 |     |   |   2023 |
|:--------------|:----|:------------------------|----------:|:----|:--|-------:|
| United States |     | $                       | 4,823,934 |     | $ | 35,165 |
| International |     |                         |    54,731 |     |   |  5,190 |
|               |     | $                       | 4,878,665 |