Company: QTIWW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001844505-25-000038
Chunk: 261

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 261
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690 Total operating expenses14,816,852 4,913,326 Loss from operations(12,177,007)(5,007,959)Other expense, net(560,648)(544,566)Change in fair value of warrant liability187,173 — Change in fair value of derivative liability4,817,600 — Change in fair value of earnout liability3,230,000 — Interest expense, net(4,497,781)(544,826)Loss before income tax expense (benefit)(9,000,663)(6,097,351)Income tax expense (benefit)(15,783)1,600 Net loss and comprehensive loss attributable to QT Imaging Holdings, Inc.(8,984,880)(6,098,951)Less: deemed dividend related to the modification of equity classified warrants(5,185,502)— Net loss and comprehensive loss attributable to common stockholders$(14,170,382)$(6,098,951)Net loss per share - basic and diluted (1)$(0.71)$(0.64)Weighted-average number of common shares used in computing net loss per common share (1)19,977,3309,540,202

(1)Amounts for the year ended 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 Consolidated Financial Statements).

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

Table of ContentsQT IMAGING HOLDINGS, INC.Consolidated Statements of Stockholders’ DeficitFor the years ended December 31, 2024 and 2023

Common StockAdditionalPaid-inCapitalAccumulatedDeficitTotalShares AmountBalance, January 1, 202427,941,290$27,941 $12,430,125 $(17,770,145)$(5,312,079)Reverse recapitalization(18,365,365)(26,983)26,983 — — As adjusted, beginning of period (1)9,575,925958 12,457,108 (17,770,145)(5,312,079)Merger recapitalization7,898,954790 (12,939,955)— (12,939,165)Issuance of