Company: QTIWW
Filing Date: 2025-11-03
Form Type: S-1
Source: 0001628280-25-048373
Chunk: 311

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-11-03
Form: S-1
Chunk 311
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3 and before that date differ from those in prior year consolidated financial statements as they were retrospectively adjusted as a result of the accounting or the Business Combination (as defined in the Notes to Consolidated Financial Statements).

(2) Amounts for the years ended December 31, 2024 and 2023 differ from those published in prior consolidated financial statements as they were retrospectively adjusted as a result of the Reverse Stock Split (as described below in Note 1, The Company and Summary of Significant Accounting Policies). Specifically, the number of common shares outstanding during periods before the Reverse Stock Split are divided by the exchange ratio of 3:1, such that each three shares of common stock were combined and reconstituted into one share of common stock effective October 23, 2025.

<div align='center'>The accompanying notes are an integral part of these consolidated financial statements.

F-7</div>

#### QT IMAGING HOLDINGS, INC.

### Consolidated Statements of Cash Flows
<div align='center'>For the years ended December 31, 2024 and 2023</div>

|                                                                                                             |     | Year Ended December 31, |        2024 |     |   |       2023 |
|:------------------------------------------------------------------------------------------------------------|:----|:------------------------|------------:|:----|:--|-----------:|
| Cash flows from operating activities:                                                                       |     |                         |             |     |   |            |
| Net loss                                                                                                    |     | $                       |  -8,984,880 |     | $ | -6,098,951 |
| Adjustment to reconcile net loss to net cash used in operating activities:                                  |     |                         |             |     |   |            |
| Depreciation and amortization                                                                               |     |                         |     230,804 |     |   |    480,694 |
| Stock-based compensation                                                                                    |     |                         |     289,795 |     |   |    709,394 |
| Provision for credit losses                                                                                 |     |                         |       1,290 |     |   |          — |
| Fair value of common stock issued in exchange for services and in connection with non-redemption agreements |     |                         |   3,698,350 |     |   |          — |
| Induced conversion expense                                                                                  |     |                         |           — |     |   |    168,356 |
| Debt conversion loss                                                                                        |     |                         |           — |     |