Company: QTIWW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001628280-25-051332
Chunk: 28

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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-redemption agreements— 3,718,349 Loss on issuance of common stock in connection with a subscription agreement— 206,000 Non-cash interest749,097 2,404,031 Non-cash operating lease income(31,012)(20,652)Change in fair value of warrant liability3,581,122 (199,624)Change in fair value of derivative liability(101,300)(4,800,000)Change in fair value of earnout liability2,070,000 (2,970,000)Changes in operating assets and liabilities:Accounts receivable(3,176,587)(256,886)Inventory(2,101,508)1,525,857 Prepaid expenses and other current assets(298,286)(459,804)Accounts payable1,071,550 (2,061,853)Accrued expenses and other current liabilities1,856,098 (768,614)Deferred revenue(25,436)(327,778)Other liabilities798,979 129,257 Net cash used in operating activities(5,857,572)(8,806,402)Cash flows from investing activities:Purchases of property and equipment(46,818)(34,590)Net cash used in investing activities(46,818)(34,590)Cash flows from financing activities:Proceeds from long-term debt, net of issuance costs15,000,000 10,525,000 Proceeds from sale of common stock and warrants, net of issuance costs679,241 — Proceeds from issuance of common stock pursuant to subscription agreement, net of issuance costs— 500,000 Proceeds from stock option exercises74,839 — Proceeds from warrant exercises531,622 — Repayment of long-term debt(4,688,016)(1,243,055)Repayment of bridge loans— (800,000)Payment of deferred issuance costs(150,000)— Proceeds from the Merger, net of transaction costs— 1,238,530 Repurchase of warrant from Yorkville(5,000,000)— Net cash provided by financing activities6,447,686 10,220,475 Net increase in cash and restricted cash and cash equivalents543,296 1,379,483 Cash and restricted cash and cash equivalents, beginning of year1,192,104 184,686 

The accompanying notes are an integral part