Company: QTIWW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001844505-25-000038
Chunk: 260

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 260
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 Operating lease liabilities, current405,678 361,305 Total current liabilities9,794,116 7,338,449 Long-term debt9,197 95,982 Related party notes payable3,848,725 3,143,725 Operating lease liabilities656,955 1,062,633 Warrant liability22,234 — Derivative liability303,300 — Earnout liability440,000 — Related party interest payable550,430 377,772 Total liabilities15,624,957 12,018,561 Contingencies (Note 10)Stockholders’ deficit:Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding— — Common stock, $0.0001 par value; 500,000,000 and 100,000,000 shares authorized as of December 31, 2024 and 2023, respectively; 26,768,210 and 9,575,925 shares issued and outstanding as of December 31, 2024 and 2023, respectively (1)2,676 958 Additional paid-in capital (1)22,399,567 12,457,108 Accumulated deficit(31,940,527)(17,770,145)Total stockholders’ deficit(9,538,284)(5,312,079)Total liabilities and stockholders’ deficit$6,086,673 $6,706,482 

(1)Amounts as of December 31, 2023 differ from those in prior year consolidated financial statements as they were retrospectively adjusted as a result of the accounting or the Business Combination (as defined in the Notes to Consolidated Financial Statements).

The accompanying notes are an integral part of these consolidated financial statements.F-3

Table of ContentsQT IMAGING HOLDINGS, INC.Consolidated Statements of Operations and Comprehensive LossFor the years ended December 31, 2024 and 2023

Year Ended December 31, 20242023Revenue$4,878,665 $40,355 Cost of revenue2,238,820 134,988 Gross profit (loss)2,639,845 (94,633)Operating expenses:Research and development3,267,340 1,485,636 Selling, general and administrative11,549,512 3,427,