Company: QTIWW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001844505-25-000083
Chunk: 20

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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Item 1. Financial Statements

Table of ContentsQT IMAGING HOLDINGS, INC.Condensed Consolidated Balance Sheets(Unaudited)

 June 30, 2025December 31, 2024ASSETSCurrent assets:Cash$2,022,180 $1,172,104 Restricted cash and cash equivalents20,000 20,000 Accounts receivable3,651,310 67,119 Inventory3,231,098 3,140,719 Prepaid expenses and other current assets1,743,304 516,552 Total current assets10,667,892 4,916,494 Property and equipment, net166,676 195,783 Operating lease right-of-use assets, net758,099 935,246 Other assets39,150 39,150 Total assets$11,631,817 $6,086,673 LIABILITIES AND STOCKHOLDERS’ DEFICITCurrent liabilities:Accounts payable$1,595,789 $803,286 Accrued expenses and other current liabilities4,210,416 3,549,954 Current maturities of long-term debt36,698 4,985,833 Deferred revenue34,286 49,365 Operating lease liabilities, current429,350 405,678 Total current liabilities6,306,539 9,794,116 Long-term debt71,601 9,197 Related party notes payable3,848,725 3,848,725 Operating lease liabilities437,411 656,955 Warrant liability25,791 22,234 Derivative liability— 303,300 Earnout liability280,000 440,000 Other liabilities986,044 550,430 Total liabilities11,956,111 15,624,957 Contingencies (Note 9)Stockholders’ deficit:Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding— — Common stock, $0.0001 par value; 500,000,000 shares authorized as of June 30, 2025 and December 31, 2024; 28,643,478 and 26,768,210 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively2,864 2,676 Additional paid