Company: QTIWW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001628280-25-051332
Chunk: 22

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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Item 1. Financial Statements

1

Table of ContentsQT IMAGING HOLDINGS, INC.Condensed Consolidated Balance Sheets(Unaudited)

 September 30, 2025December 31, 2024ASSETSCurrent assets:Cash$1,715,400 $1,172,104 Restricted cash and cash equivalents20,000 20,000 Accounts receivable3,243,706 67,119 Inventory5,242,228 3,140,719 Prepaid expenses and other current assets1,066,801 516,552 Total current assets11,288,135 4,916,494 Property and equipment, net127,127 195,783 Operating lease right-of-use assets, net666,529 935,246 Other assets39,150 39,150 Total assets$12,120,941 $6,086,673 LIABILITIES AND STOCKHOLDERS’ DEFICITCurrent liabilities:Accounts payable$2,019,136 $803,286 Accrued expenses and other current liabilities5,235,216 3,549,954 Current maturities of long-term debt5,022,966 4,985,833 Deferred revenue23,929 49,365 Operating lease liabilities, current441,634 405,678 Total current liabilities12,742,881 9,794,116 Long-term debt272,879 9,197 Related party notes payable3,895,112 3,848,725 Operating lease liabilities321,270 656,955 Warrant liability105,834 22,234 Derivative liability— 303,300 Earnout liability2,510,000 440,000 Other liabilities1,349,409 550,430 Total liabilities21,197,385 15,624,957 Contingencies (Note 9)Stockholders’ deficit:Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding (1)— — Common stock, $0.0001 par value; 500,000,000 shares authorized as of September 30, 2025 and December 31, 2024; 9,666,567 and 8,931,104 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively