Company: QTIWW
Filing Date: 2025-01-31
Form Type: S-1/A
Source: 0001628280-25-003316
Chunk: 353

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-31
Form: S-1/A
Chunk 353
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,337, net of unamortized debt issuance costs of $ 25,663. Interest expense from the amortization of debt issuance costs for the year ended December 31, 2023 was $ 21,592.

Future principal payments on the long-term debt as of December 31, 2023 are as follows:

| Year ending December 31:                   
 2024                                       |     |   |  4,261,221 |
|:-------------------------------------------|:----|:--|-----------:|
| 2025                                       |     |   |     86,784 |
| 2026                                       |     |   |      9,196 |
| Total Payments                             |     |   |  4,357,201 |
| Less: Unamortized debt issuance costs      |     |   |    -61,857 |
| Less: Current maturities of long-term debt |     |   | -4,199,362 |
| Long-term debt                             |     | $ |     95,982 |

#### 7.

#### Leases
The Company leases its operating facilities in Novato, California, under a non-cancelable operating lease through May 31, 2027. There are no options or rights to extend the term of this lease.

The following table reflects the Company’s ROU assets and lease liabilities as of December 31:

| Assets:                              |     | 2023 |           |     | 2022 |           |
|:-------------------------------------|:----|:-----|----------:|:----|:-----|----------:|
| Operating lease ROU assets, net      |     | $    | 1,267,121 |     | $    | 1,572,323 |
| Liabilities:                         |     |      |           |     |      |           |
| Operating lease liabilities, current |     | $    |   361,305 |     | $    |   313,448 |
| Operating lease liabilities          |     |      | 1,062,633 |     |      | 1,423,938 |
|                                      |     | $    | 1,423,938 |     | $    | 1,737,386 |

The following table presents supplemental cash flow information related to the Company’s operating leases for the years ended December 31:

|                                            |     |   |    2023 |     |   |    2022 |
|: