Company: QTIWW
Filing Date: 2025-01-31
Form Type: S-1/A
Source: 0001628280-25-003316
Chunk: 383

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-31
Form: S-1/A
Chunk 383
---
, the entire transaction price is allocated to the single performance obligation. Contracts that contain multiple performance obligations require an allocation of the transaction price to each performance obligation based on a relative standalone selling price.

5) Recognition of revenue when, or as a performance obligation is satisfied

For product sales and services, revenue is recognized at the time the related performance obligation is satisfied by transferring the control of the promised goods or services to a customer, in an amount that reflects the consideration that the Company expects to receive in exchange for those goods or services. Training and maintenance services are generally recognized upon invoicing in amounts that correspond directly with the value to the customer of the performance completed to date which primarily includes professional service arrangements entered on a time and materials basis.

All of the revenue recognized by the Company during the three and nine months ended September 30, 2024 and 2023 was recognized at a point in time.

<div align='center'>F-38</div>

#### QT IMAGING HOLDINGS, INC.

### Notes to Condensed Consolidated Financial Statements
<div align='center'>(Unaudited)</div>

Revenue recognized during the three and nine months ended September 30, 2024 and 2023 is disaggregated as follows:

|         |     | 2024 | Three Months Ended 
      September 30, |     | 2023 |        |     | 2024 | Nine Months Ended 
     September 30, |     | 2023 |        |
|:--------|:----|:-----|-------------------:|:----|:-----|-------:|:----|:-----|------------------:|:----|:-----|-------:|
| Product |     | $    |            917,238 |     | $    |  6,634 |     | $    |         3,882,039 |     | $    | 12,881 |
| Service |     |      |             38,732 |     |      | 18,023 |     |      |           150,129 |     |      | 22,523 |
|         |     | $    |            955,970 |     | $    | 24,657 |     | $    |         4,032,168 |     | $    | 35,404 |

Revenue recognized by geography during the three and nine months ended September 30, 2024 and 2023 is as follows:

|               |     | 2024