Company: QTIWW
Filing Date: 2025-11-03
Form Type: S-1
Source: 0001628280-25-048373
Chunk: 412

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-11-03
Form: S-1
Chunk 412
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,925,900 |         |     | $ |         1,867,107 |         |
| Accrued personnel costs |     |   |               | 950,214 |     |   |                   | 963,865 |
| Accrued excise taxes    |     |   |               |  13,790 |     |   |                   | 207,358 |
| Accrued advisory fee    |     |   |               |   5,400 |     |   |                   | 100,000 |
| Purchase commitment     |     |   |               | 665,145 |     |   |                 — |         |
| Other                   |     |   |               | 649,967 |     |   |                   | 411,624 |
| Total                   |     | $ |     4,210,416 |         |     | $ |         3,549,954 |         |

#### 7. Long-Term Debt
Yorkville Pre-Paid Advance

On March 4, 2024, the Company received the Pre-Paid Advance of $ 10,000,000from Yorkville and issued Yorkville the Yorkville Note in the amount of $ 10,000,000for such Pre-Paid Advance that was originally due 15months from the date of issuance, and interest shall accrue on the outstanding balance of the Yorkville Note at an annual rate equal to 6%, subject to an increase to 18% upon an event of default as described in the Yorkville Note. The Yorkville Note is convertible by Yorkville into shares of the Company's common stock. As consideration for the Pre-Paid Advance, immediately prior to, and substantially concurrently with, the closing of the Business Combination, QT Imaging issued to Yorkville that number of shares of QT Imaging which converted in the aggregate into 333,334shares of the Company's common stock upon the completion of the Business Combination. In accordance with Accounting Standards Codification (“ASC”) 470-20, the proceeds of $ 10,000,000were recorded between the promissory note and common stock less debt origination costs of $ 975,000, consisting of a $ 375,000commitment fee for the SEPA and an original issue discount of 6% for the Yorkville Note, on a relative fair value basis. Expenses related to a structuring fee was $ 0and $ 20,000for the three and six months ended