Company: QTIWW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001844505-25-000083
Chunk: 55

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 55
---
 Liabilities:Operating lease liabilities, current$429,350 $405,678 Operating lease liabilities437,411 656,955 $866,761 $1,062,633 

22

The following table presents supplemental cash flow information related to the Company’s operating leases:Three Months EndedJune 30,Six Months EndedJune 30,2025202420242023Operating cash flows from operating leases$118,164 $114,722 $235,157 $228,308 As of June 30, 2025, the maturity of operating lease liabilities was as follows:Year ending December 31:2025 (remaining)$241,006 2026490,449 2027206,864 Total payments938,319 Less: Interest(71,558)Present value of obligations$866,761 The operating lease expense for the three months ended June 30, 2025 and 2024 was $113,970 and $113,748, respectively, of which $5,754 and $5,532, respectively, were related to leases with a term of less than 12 months. The operating lease expense for the six months ended June 30, 2025 and 2024 was $227,718 and $227,283, respectively, of which $11,286 and $10,851, respectively, were related to leases with a term of less than 12 months.  

As of June 30, 2025, the weighted-average remaining lease term was 1.9 years. The weighted-average discount rate was 8% for the three and six months ended June 30, 2025 and 2024. As of June 30, 2024, the weighted-average remaining lease term was 2.9 years and the weighted-average discount rate was 8%. 

9.    Contingencies

LitigationThe Company is subject to occasional lawsuits, investigations, and claims arising out of the normal conduct of business. As of the date the condensed consolidated financial statements were available to be issued, management is not aware of any pending claims that will have a material impact on the Company’s condensed consolidated financial statements.

10.    Stockholders’ Deficit

Common StockThe Company's common stock trades on the OTCQB Venture Market tier under the symbol “QTIH”. Pursuant to the terms of the Amended and Restated Certificate of Incorporation, the Company is authorized and has available for