Company: QTIWW
Filing Date: 2025-12-29
Form Type: S-1/A
Source: 0001628280-25-058960
Chunk: 154

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-12-29
Form: S-1/A
Chunk 154
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 $2,043,055.

Comparison of the years ended December 31, 2024 and 2023

The following table provides information regarding our cash flows for the periods presented:

|                                                                          |     | For Year Ended December 31, |        2024 |     |   |       2023 |
|:-------------------------------------------------------------------------|:----|:----------------------------|------------:|:----|:--|-----------:|
| Net cash used in operating activities                                    |     | $                           | -10,033,477 |     | $ | -2,651,143 |
| Net cash used in investing activities                                    |     |                             |     -87,790 |     |   |    -13,040 |
| Net cash provided by financing activities                                |     |                             |  11,128,685 |     |   |  2,373,793 |
| Net increase (decrease) in cash and restricted cash and cash equivalents |     | $                           |   1,007,418 |     | $ |   -290,390 |

#### Net Cash Used In Operating Activities
Net cash used in operating activities was $10,033,477 for the year ended December 31, 2024 as compared to $2,651,143 for the year ended December 31, 2023. The primary use of our cash was to fund research and development and general and administrative expenses. Net cash used for the year ended December 31, 2024 consisted of a net loss of $8,984,880, adjusted for non-cash expenses primarily including depreciation and amortization of $230,804, stock-based compensation of $289,795, fair value of Common Stock issued in exchange for services and in connection with non-redemption agreements of $3,698,350, issuance of Common Stock in connection with a stock subscription agreement of $206,000, warrant modification expense of $200,513, loss on debt extinguishment of $383,511, non-cash interest of $3,589,728, decrease in warrant liability of $187,173, decrease in derivative liability of $4,817,600, decrease in earnout liability of $3,230,000, and the net change in operating assets and liabilities of $1,384,385. The net change in operating assets and liabilities was primarily due an increase accounts receivable of $67,119, an increase in prepaid expenses and other current assets of $200,770, a decrease