Company: QTIWW
Filing Date: 2025-01-16
Form Type: S-1
Source: 0001628280-25-001723
Chunk: 394

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-16
Form: S-1
Chunk 394
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, for the three and nine months ended September 30, 2024 was $ 108,706 and $ 234,445, respectively.

Future principal payments on the long-term debt as of September 30, 2024 are as follows:

| Year ending December 31:                   
 2024 (remaining)                           |     |   |     32,718 |
|:-------------------------------------------|:----|:--|-----------:|
| 2025                                       |     |   | 10,441,377 |
| 2026                                       |     |   |      9,197 |
| Total payments                             |     |   | 10,483,292 |
| Less: Unamortized debt issuance costs      |     |   | -6,127,060 |
| Less: Current maturities of long-term debt |     |   |   -887,321 |
| Long-term debt                             |     | $ |  3,468,911 |

#### 9.

#### Leases
The Company leases its operating facilities in Novato, California, under a non-cancelable operating lease through May 31, 2027. There are no options or rights to extend the term of this lease.

The following table reflects the Company’s ROU assets and lease liabilities as of September 30, 2024 and December 31, 2023:

|                                      |     |   | September 30, 2024 |     |   | December 31, 2023 |
|:-------------------------------------|:----|:--|-------------------:|:----|:--|------------------:|
| Assets:                              |     |   |                    |     |   |                   |
| Operating lease ROU assets, net      |     | $ |          1,020,947 |     | $ |         1,267,121 |
| Liabilities:                         |     |   |                    |     |   |                   |
| Operating lease liabilities, current |     | $ |            394,208 |     | $ |           361,305 |
| Operating lease liabilities          |     |   |            762,904 |     |   |         1,062,633 |
|                                      |     | $ |          1,157,112 |     | $ |         1,423,938 |

The following table presents supplemental cash flow information related to the Company’s operating leases for the three and nine months ended:

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