Company: QTIWW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001628280-25-051332
Chunk: 24

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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200 101,300 4,800,000 Change in fair value of earnout liability(2,230,000)50,000 (2,070,000)2,970,000 Interest expense, net(564,725)(1,455,306)(1,635,014)(3,149,315)Loss before income tax expense(4,557,406)(3,619,494)(19,692,139)(5,496,958)Income tax expense— — 2,782 — Net loss and comprehensive loss(4,557,406)(3,619,494)(19,694,921)(5,496,958)Less: deemed dividend related to the modification of equity classified warrants— — — (5,185,502)Net loss and comprehensive loss attributable to common stockholders$(4,557,406)$(3,619,494)$(19,694,921)$(10,682,460)Net loss per share - basic and diluted (1)$(0.47)$(0.51)$(2.09)$(1.72)Weighted-average number of shares of common stock used in computing net loss per share of common stock (1)9,601,9727,155,5059,415,3496,245,877

(1)    Share and per share amounts for the three and nine months ended September 30, 2024 differ from those published in prior condensed consolidated financial statements as they were retrospectively adjusted as a result of the Reverse Stock Split (as described below in Note 1, The Company and Summary of Significant Accounting Policies). Specifically, the number of shares of common stock outstanding during periods before the Reverse Stock Split are divided by the exchange ratio of 3:1, such that each three shares of common stock were combined and reconstituted into one share of common stock effective October 23, 2025.

The accompanying notes are an integral part of these condensed consolidated financial statements.3

Table of ContentsQT IMAGING HOLDINGS, INC.Condensed Consolidated Statements of Stockholders’ DeficitFor the three and nine months ended September 30, 2025 and 2024(Unaudited)

Common StockAdditionalPaid-inCapitalAccumulatedDeficitTotalSharesAmountBalance, July 1, 2025 (1)9,556,195$956 $46,752,792 $(47,078,042