Company: QTIWW
Filing Date: 2025-01-31
Form Type: S-1/A
Source: 0001628280-25-003316
Chunk: 403

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-31
Form: S-1/A
Chunk 403
---
|:---------------------|-----------:|
| Fair value at issuance             |     |                      |  5,120,900 |
| Change in fair value               |     |                      | -2,983,100 |
| Ending balance, March 31, 2024     |     |                      |  2,137,800 |
| Change in fair value               |     |                      | -1,729,700 |
| Ending balance, June 30, 2024      |     |                      |    408,100 |
| Change in fair value               |     |                      |    -87,200 |
| Ending balance, September 30, 2024 |     | $                    |    320,900 |

#### 4.

#### Inventory
Inventory consisted of the following as of September 30, 2024 and December 31, 2023:

|                 |     |   | September 30, 2024 |     |   | December 31, 2023 |
|:----------------|:----|:--|-------------------:|:----|:--|------------------:|
| Raw materials   |     | $ |          2,600,114 |     | $ |         2,529,364 |
| Work in process |     |   |             74,540 |     |   |         1,627,802 |
| Finished Goods  |     |   |            506,900 |     |   |           261,031 |
| Total           |     | $ |          3,181,554 |     | $ |         4,418,197 |

#### 5.

#### Property and Equipment, Net
Property and equipment, net consisted of the following as of September 30, 2024 and December 31, 2023:

|                                |     |          | Useful Life |   | September 30, 2024 |     |   | December 31, 2023 |
|:-------------------------------|:----|:---------|:------------|:--|-------------------:|:----|:--|------------------:|
| Scanners                       |     | 5 Years  |             | $ |          2,254,548 |     | $ |         3,309,957 |
| Computer and lab equipment     |     | 3-5Years |             |   |          1,384,307 |     |   |         1