Company: QTIWW
Filing Date: 2025-01-16
Form Type: S-1
Source: 0001628280-25-001723
Chunk: 328

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-16
Form: S-1
Chunk 328
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 made available for issuance.” Adoption is either prospectively or retrospectively, the Company will adopt this ASU on a prospective basis. The Company is currently evaluating the impact of the new standard on the consolidated financial statements and related disclosures.

#### 2.

#### Inventory
Inventory consisted of the following as of December 31:

|                 |     |   |      2023 |     |   |      2022 |
|:----------------|:----|:--|----------:|:----|:--|----------:|
| Raw materials   |     | $ | 2,529,364 |     | $ | 2,567,311 |
| Work in process |     |   | 1,627,802 |     |   | 1,683,341 |
| Finished Goods  |     |   |   261,031 |     |   |   528,254 |
| Total           |     | $ | 4,418,197 |     | $ | 4,778,906 |

#### 3.

#### Property and Equipment, Net
Property and equipment, net consisted of the following as of December 31:

|                                |     |           | Useful Life |   |       2023 |     |   |       2022 |
|:-------------------------------|:----|:----------|:------------|:--|-----------:|:----|:--|-----------:|
| Scanners                       |     | 5 Years   |             | $ |  3,309,957 |     | $ |  3,047,841 |
| Computer and lab equipment     |     | 3-5 Years |             |   |  1,359,491 |     |   |  1,346,726 |
| Leasehold improvements         |     | Various   |             |   |    421,266 |     |   |    421,266 |
| Software                       |     | 3 Years   |             |   |     40,599 |     |   |     40,599 |
| Furniture and fixtures         |     | 7 Years   |             |   |     82,336 |     |   |     82,336 |
|                                |     |           |             |   |  5,213,649 |     |   |  4,938,768 |
| Less: accumulated depreciation |     |           |             |   | -4,722