Company: QTIWW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001844505-25-000038
Chunk: 258

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 258
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Table of Contents

Item 8: Financial Statements and Supplementary Data

INDEX TO FINANCIAL STATEMENTS 

QT IMAGING HOLDINGS, INC. CONSOLIDATED FINANCIAL STATEMENTS 

PageReport of Independent Registered Public Accounting Firm (PCAOB ID: 207)Consolidated Balance Sheets as of December 31, 2024 and 2023F-3Consolidated Statements of Operations and Comprehensive Loss for the years ended December 31, 2024 and 2023F-4Consolidated Statements of Stockholders’ Deficit for the years ended December 31, 2024 and 2023F-5Consolidated Statements of Cash Flows for the years ended December 31, 2024 and 2023F-7Notes to Consolidated Financial StatementsF-9

F-1

Table of Contents

Report of Independent Registered Public Accounting Firm 

Board of Directors and Stockholders of 

QT Imaging Holdings, Inc. 

Opinion on the Consolidated Financial Statements 

We have audited the accompanying consolidated balance sheets of QT Imaging Holdings, Inc. (a Delaware corporation) and its subsidiaries (the “Company”) as of December 31, 2024 and 2023, and the related consolidated statements of operations and comprehensive loss, stockholders’ deficit, and cash flows for each of the two years in the period ended December 31, 2024, and the related notes (collectively referred to as the “consolidated financial statements”). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the two years in the period ended December 31, 2024, in conformity with accounting principles generally accepted in the United States of America. 

Basis for Opinion 

These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. 

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether