Company: QTIWW
Filing Date: 2025-01-16
Form Type: S-1
Source: 0001628280-25-001723
Chunk: 342

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-16
Form: S-1
Chunk 342
---
 Through the year ended December 31, 2023, the Company incurred total costs of $ 349,054against year one allocation of $ 351,994and year two allocation of $ 194,566. During the year ended December 31, 2023, the Company incurred costs of $ 318,276, of which $ 277,037of grant income was recognized as an offset to research and development expense and $ 41,239was recognized as an offset to selling, general and administrative expense in the consolidated statements of operations and comprehensive loss. During the year ended December 31, 2022, the Company incurred costs of $ 30,778, of which $ 22,503of grant income was recognized as an offset to research and development expense and $ 8,275was recognized as an offset to selling, general and administrative expense in the consolidated statements of operations and comprehensive loss. As of December 31, 2023 and 2022, the grant receivable was $ 161,638and $ 30,778, respectively, and is included in prepaid expenses and other current assets on the consolidated balance sheets.

#### 12.

#### Income Taxes
Loss before income tax expense consisted of the following for the years ended December 31:

|                                      |     |   |       2023 |     |   |       2022 |
|:-------------------------------------|:----|:--|-----------:|:----|:--|-----------:|
| United States                        |     | $ | -6,097,351 |     | $ | -6,254,468 |
| International                        |     |   |          — |     |   |          — |
| Total loss before income tax expense |     | $ | -6,097,351 |     | $ | -6,254,468 |

Income tax expense consisted of the following for the years ended December 31:

| Current:                   |     | 2023 |       |     | 2022 |       |
|:---------------------------|:----|:-----|------:|:----|:-----|------:|
| Federal                    |     | $    |     — |     | $    |     — |
| State                      |     |      | 1,600 |     |      | 1,600 |
| Foreign                    |     |      |     — |     |      |     — |
| Total current tax expense  |     |      | 1,