Company: QTIWW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001844505-25-000083
Chunk: 24

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 — 3,233,388 Conversion of a bridge loan100,000 10 199,990 — 200,000 Net exercise of warrants5,594 1 (1)— — Issuance of common stock in connection with the Pre-Paid Advance1,000,000 100 1,866,184 — 1,866,284 Issuance of common stock in connection with the Cable Car Note180,000 18 446,315 — 446,333 Issuance of common stock related to non-redemption extension agreements427,477 42 1,508,951 — 1,508,993 Issuance of common stock related to early investor consideration150,000 15 529,485 — 529,500 Issuance of common stock to settle transaction expenses1,544,200 154 5,439,703 — 5,439,857 Stock-based compensation— — 38,984 — 38,984 Deemed dividend related to modification of equity classified warrants— — 5,185,502 (5,185,502)— Net loss— — — (1,877,464)(1,877,464)Balance, June 30, 202421,441,416$2,144 $18,671,598 $(24,833,111)$(6,159,369)

(1) Amounts as of December 31, 2023 and before that date differ from those in prior year consolidated financial statements as they were retrospectively adjusted as a result of the accounting or the Business Combination (as defined in the Notes to Condensed Consolidated Financial Statements).

The accompanying notes are an integral part of these condensed consolidated financial statements.4

Table of ContentsQT IMAGING HOLDINGS, INC.Condensed Consolidated Statements of Cash Flows(Unaudited)

Six Months EndedJune 30, 20252024Cash flows from operating activities:Net loss$(15,137,515)$(1,877,464)Adjustment to reconcile net loss to net cash used in operating activities:Depreciation and amortization75,924 184,775 Stock-based compensation319,926 38,984 Warrant modification expense— 200,513 Loss on issuance of the Lynrock Lake Term Loan6,640,384 — Debt extinguishment loss2,033