Company: QTIWW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001844505-25-000038
Chunk: 276

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 276
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 tax expense (benefit). There were no accrued interest and penalties during the years ended December 31, 2024 and 2023.Stock-Based CompensationStock-based compensation cost is measured at the grant date based on the fair market value of the award. Stock-based compensation is recognized as expense on a ratable basis over the requisite service period of the award.The Company values stock options using the Black-Scholes option pricing model. This model requires the use of highly subjective and complex assumptions which determine the fair value of stock-based awards, including the option’s expected term, stock price volatility and risk-free interest rates. Forfeitures are recorded as they occur.Comprehensive LossComprehensive loss is defined as the change in the equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources. Comprehensive loss was equal to net loss for years ended December 31, 2024 and 2023.Net Loss per ShareBasic net loss per share is calculated by dividing the net loss attributable to common stockholders by the weighted-average number of common shares outstanding during the period, without consideration for potentially dilutive securities. Diluted net loss per share is computed by dividing the net loss attributable to common stockholders by the weighted-average number of common shares and potentially dilutive common share equivalents outstanding for the period determined using the treasury-stock and if-converted methods. For the purposes of the diluted net loss per share calculation, common stock equivalents are considered to be potentially dilutive securities. Reconciliation of net loss per share for the years ended December 31, 2024 and 2023 is as follows:Year Ended December 31,20242023Net loss and comprehensive loss attributable to QT Imaging Holdings, Inc.$(8,984,880)$(6,098,951)Deemed dividend related to the modification of equity classified warrants(5,185,502)— Net loss attributable to common stockholders$(14,170,382)$(6,098,951)Weighted-average number of common shares used in computing net loss per common share (1)19,977,330 9,540,202 Net loss per share - basic and diluted (1)$(0.71)$(0.64)

F-16

The following securities were excluded from the calculation of net loss per share because the inclusion would be anti-dilutive as of December 31, 2024 and 2023:December 31, 2024December 31, 2023Common stock warrants (1