Company: QTIWW
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001844505-25-000053
Chunk: 44

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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4.    Inventory

Inventory consisted of the following as of March 31, 2025 and December 31, 2024:March 31, 2025December 31, 2024Raw materials$2,413,938 $2,551,947 Work in process441,981 278,869 Finished goods16,482 309,903 Total$2,872,401 $3,140,719 

5.    Property and Equipment, Net

Property and equipment, net consisted of the following as of  March 31, 2025 and December 31, 2024: Useful LifeMarch 31, 2025December 31, 2024Scanners5 Years$1,904,491 $1,904,491 Computer and lab equipment3-5 Years1,430,120 1,424,513 Leasehold improvementsVarious421,266 421,266 

15

Software3 Years50,374 50,374 Furniture and fixtures7 Years82,336 82,336 3,888,587 3,882,980 Less: accumulated depreciation(3,724,828)(3,687,197)$163,759 $195,783 Depreciation expense was $37,631 and $52,403 for the three months ended March 31, 2025 and 2024, respectively.

6.    Balance Sheet Details

 Prepaid expenses and other current assets consisted of the following as of March 31, 2025 and December 31, 2024: March 31, 2025December 31, 2024Prepaid insurance$374,320 $179,143 Other777,498 337,409 Total$1,151,818 $516,552 Accrued expenses and other current liabilities consisted of the following as of March 31, 2025 and December 31, 2024: March 31, 2025December 31, 2024Accrued legal$2,191,107 $1,867,107 Accrued personnel costs1,188,829963,865Accrued excise taxes—207,358Accrued advisory fee—100,000Other507,984411,624Total$3,887,920 $3,549,954 

7.