Company: QTIWW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001628280-25-051332
Chunk: 62

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 62
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,955 $762,904 $1,062,633 The following table presents supplemental cash flow information related to the Company’s operating leases:Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420242023Operating cash flows from operating leases$120,503 $116,994 $355,661 $345,302 As of September 30, 2025, the maturity of operating lease liabilities was as follows:Year ending December 31:2025 (remaining)$120,503 2026490,449 2027206,864 Total payments817,816 Less: Interest(54,912)Present value of obligations$762,904 The operating lease expense for the three months ended September 30, 2025 and 2024 was $113,971 and $113,748, respectively, of which $5,754 and $5,532, respectively, were related to leases with a term of less than 12 months. The operating lease expense for the nine months ended September 30, 2025 and 2024 was $341,689 and $341,031, respectively, of which $17,040 and $16,383, respectively, were related to leases with a term of less than 12 months.  

As of September 30, 2025, the weighted-average remaining lease term was 1.7 years. The weighted-average discount rate was 8% for the three and nine months ended September 30, 2025 and 2024. As of September 30, 2024, the weighted-average remaining lease term was 2.7 years and the weighted-average discount rate was 8%. 

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9.    Contingencies

LitigationThe Company is subject to occasional lawsuits, investigations, and claims arising out of the normal conduct of business. As of the date the condensed consolidated financial statements were available to be issued, management is not aware of any pending claims that will have a material impact on the Company’s condensed consolidated financial statements.

10.    Stockholders’ Deficit

Common StockThe Company's common stock trades on the OTCQB Venture Market tier under the symbol “QTIH.” Pursuant to the terms of the Amended and Restated Certificate of Incorporation, the Company is authorized and has available for issuance 500,000,000 shares of common stock. The holder of each share of common stock is entitled to one vote. Common stock