Company: QTIWW
Filing Date: 2025-01-16
Form Type: S-1
Source: 0001628280-25-001723
Chunk: 334

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-16
Form: S-1
Chunk 334
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 95,982 |

#### 7.

#### 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 December 31:

| Assets:                              |     | 2023 |           |     | 2022 |           |
|:-------------------------------------|:----|:-----|----------:|:----|:-----|----------:|
| Operating lease ROU assets, net      |     | $    | 1,267,121 |     | $    | 1,572,323 |
| Liabilities:                         |     |      |           |     |      |           |
| Operating lease liabilities, current |     | $    |   361,305 |     | $    |   313,448 |
| Operating lease liabilities          |     |      | 1,062,633 |     |      | 1,423,938 |
|                                      |     | $    | 1,423,938 |     | $    | 1,737,386 |

The following table presents supplemental cash flow information related to the Company’s operating leases for the years ended December 31:

|                                            |     |   |    2023 |     |   |    2022 |
|:-------------------------------------------|:----|:--|--------:|:----|:--|--------:|
| Operating cash flows from operating leases |     | $ | 441,111 |     | $ | 428,263 |

As of December 31, 2023, the maturity of operating lease liabilities was as follows:

| Year ending December 31:     
 2024                         |     |   |   462,295 |
|:-----------------------------|:----|:--|----------:|
| 2025                         |     |   |   476,164 |
| 2026                         |     |   |   490,449 |
| 2027                         |     |   |   206,864 |
| Total payments               |     |   | 1,635,772 |
| Less: Interest               |     |   |  -211,834 |
| Present value of obligations |     | $ | 1,423,938 |

The operating lease expense for the years ended December 31