Company: QTIWW
Filing Date: 2025-12-29
Form Type: S-1/A
Source: 0001628280-25-058960
Chunk: 318

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-12-29
Form: S-1/A
Chunk 318
---
,312,617 |     |   |         — |
| Conversion of Extension Note into common stock                                                |     |   |  1,560,000 |     |   |         — |
| Conversion of Yorkville Note into common stock                                                |     |   |    514,181 |     |   |         — |
| Extinguishment of accrued expenses in exchange for common stock                               |     |   |  3,760,000 |     |   |         — |
| Transfer of equipment to inventory                                                            |     |   |    289,214 |     |   |         — |
| Transfer of inventory to property and equipment                                               |     |   |     59,946 |     |   |   262,116 |
| Debt discount included in accrued expenses                                                    |     |   |     40,739 |     |   |         — |
| Debt discount included in accounts payable                                                    |     |   |          — |     |   |    59,069 |
| Conversion of long-term debt into common stock                                                |     |   |  3,433,388 |     |   |         — |
| Deemed dividend                                                                               |     |   |  5,185,502 |     |   |         — |
| Purchase of property and equipment included in accounts payable                               |     |   |          — |     |   |    12,955 |
| Related party convertible notes payable including accrued interest exchanged for common stock |     |   |          — |     |   |   233,644 |
| Transfer of accrued interest to current maturities of long-term debt                          |     |   |          — |     |   |   635,855 |

<div align='center'>The accompanying notes are an integral part of these consolidated financial statements.

F-9</div>

#### QT IMAGING HOLDINGS, INC.

### Notes to Consolidated Financial Statements
1. The Company and Summary of Significant Accounting Policies

Nature of Operations

QT Imaging Holdings, Inc. and its subsidiaries (the “Company”), formerly known as GigCapital5, Inc. (“GigCapital5”), is incorporated in Delaware with headquarters in Novato, California. The Company is a medical device company engaged in research, development, and commercialization of innovative body imaging systems using low frequency sound waves. The Company strives to improve global health outcomes. Its strategy is predicated upon the fact that medical imaging is critical to the detection, diagnosis, and treatment