Company: QTIWW
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001844505-25-000053
Chunk: 34

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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,362,163 Revenue recognized by geography during the three months ended March 31, 2025 and 2024 is as follows:Three Months EndedMarch 31, 20252024United States$2,787,026 $1,358,195 International11,389 3,968 $2,798,415 $1,362,163 Substantially all of the revenue recognized by the Company during the three months ended March 31, 2025 and 2024 was recognized at a point in time. The Company had no contract assets as of March 31, 2025 and December 31, 2024. The Company had contract liabilities of $44,643 as of March 31, 2025, of which $37,738 is expected to be recognized as revenue in 2025 and $6,905 to be recognized as revenue in 2026. The Company had contract liabilities of $49,365 as of December 31, 2024. Revenue recognized during the three months ended March 31, 2025 that was previously included in contract liabilities as of December 31, 2024 was $11,389.Net Loss per ShareBasic net loss per share is calculated by dividing the net loss attributable to common stockholders by the weighted-average number of common shares outstanding during the period, without consideration for potentially dilutive securities. Diluted net loss per share is computed by dividing the net loss attributable to common stockholders by the weighted-average number of common shares and potentially dilutive common share equivalents outstanding for the period determined using the treasury-stock and if-converted methods. For the purposes of the diluted net loss per share calculation, common stock equivalents are considered to be potentially dilutive securities. The following securities were excluded from the calculation of net loss per share because the inclusion would be anti-dilutive as of March 31, 2025 and 2024:March 31, 2025March 31, 2024Common stock warrants104,272,92223,889,364Potential shares from Pre-Paid Advance—10,142,530Merger consideration earnout shares6,000,0009,000,000Potential shares from Cable Car Note—750,000Potential shares from convertible notes256,109244,308Options outstanding1,955,000—112,484,03144,026,202Summary of Significant Accounting PoliciesOther than the policies discussed above, there have been no changes to the Company’s significant