Company: QTIWW
Filing Date: 2025-01-16
Form Type: S-1
Source: 0001628280-25-001723
Chunk: 350

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-16
Form: S-1
Chunk 350
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 of $ 3,233,388and the US Capital Note principal balance of $ 200,000was converted into 1,048,330and 291,798shares of Company common stock, respectively. Additionally, warrants to purchase 60,329shares of the Company’s common stock were net settled into 16,320shares of the Company’s common stock.

On March 4, 2024, as consideration for the September 2023 Non-Redemption, the Company issued 427,477 shares of QTI Holdings common stock to Non-Redeeming Shareholders.

On March 4, 2024, four of the five Bridge Lenders elected the cash payment option of $ 240,000per Bridge Loan for a total of $ 960,000.

<div align='center'>F-27</div>

#### QT IMAGING HOLDINGS, INC.

#### Condensed Consolidated Balance Sheets
<div align='center'>(Unaudited)</div>

|                                                                                                                                                                                                                                                             |     |   | September 30, 2024 |     |   | December 31, 2023 |
|:------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:--|-------------------:|:----|:--|------------------:|
| ASSETS                                                                                                                                                                                                                                                      |     |   |                    |     |   |                   |
| Current assets:                                                                                                                                                                                                                                             |     |   |                    |     |   |                   |
| Cash                                                                                                                                                                                                                                                        |     | $ |          1,544,169 |     | $ |           164,686 |
| Restricted cash and cash equivalents                                                                                                                                                                                                                        |     |   |             20,000 |     |   |            20,000 |
| Accounts receivable, net                                                                                                                                                                                                                                    |     |   |            256,886 |     |   |             1,290 |
| Inventory                                                                                                                                                                                                                                                   |     |   |          3,181,554 |     |   |         4,418,197 |
| Prepaid expenses and other current assets                                                                                                                                                                                                                   |     |   |            775,585 |     |   |           214,979 |
| Total current assets                                                                                                                                                                                                                                        |     |   |          5,778,194 |     |   |         4,819,152 |
| Property and equipment, net                                                                                                                                                                                                                                 |     |   |            122,152 |     |   |           490,920 |
| Intangible assets,