Company: QTIWW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001844505-25-000038
Chunk: 264

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 264
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 of common stock issued in exchange for services and in connection with non-redemption agreements3,698,350 — Induced conversion expense— 168,356 Debt conversion loss— 376,086 Loss on issuance of common stock in connection with a subscription agreement206,000 — Warrant modification expense200,513 — Loss on debt extinguishment383,511 — Non-cash interest3,589,728 66,367 Non-cash operating lease expense(29,430)(8,246)Loss on disposal of assets— 124 Change in fair value of warrant liability(187,173)— Change in fair value of derivative liability(4,817,600)— Change in fair value of earnout liability(3,230,000)— Changes in operating assets and liabilities:Accounts receivable(67,119)(1,290)Inventory1,506,746 98,594 Prepaid expenses and other current assets(200,770)(116,103)Other assets— 10,000 Accounts payable(1,954,768)876,074 Accrued expenses and other current liabilities(542,878)645,840 Deferred revenue(298,254)347,619 Other liabilities172,658 (205,701)Net cash used in operating activities(10,033,477)(2,651,143)Cash flows from investing activities:Purchases of property and equipment(87,790)(13,040)Net cash used in investing activities(87,790)(13,040)Cash flows from financing activities:Proceeds from sale of common stock and warrants, net of issuance costs999,998 1,017,850 Proceeds from issuance common stock pursuant to subscription agreement500,000 — Proceeds from long-term debt, net of issuance costs10,525,000 800,000 Repayment of long-term debt(1,275,773)(129,057)Repayment of bridge loans(800,000)— Proceeds from related party payable— 705,000 Proceeds from the Merger, net of transaction costs1,238,529 — Cash paid for debt issuance costs(59,069)— Cash paid to lender for debt modification— (20,000)Net cash provided by financing activities11,128,685 2,373,793 Net increase (decrease) in cash and restricted cash and cash equivalents1,007