Company: QTIWW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001844505-25-000038
Chunk: 263

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 263
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 Combination (as defined in the Notes to Consolidated Financial Statements).

The accompanying notes are an integral part of these consolidated financial statements.F-5

Table of ContentsQT IMAGING HOLDINGS, INC.Consolidated Statements of Stockholders’ DeficitFor the years ended December 31, 2024 and 2023

Common StockAdditionalPaid-inCapitalAccumulatedDeficitTotalSharesAmountBalance, January 1, 202327,580,040$27,580 $10,136,037 $(11,671,194)$(1,507,577)Reverse recapitalization(18,127,929)(26,635)26,635 — — As adjusted, beginning of period (1)9,452,111945 10,162,672 (11,671,194)(1,507,577)Sale of common stock and warrants in private offering, net89,5329 1,026,541 — 1,026,550 Issuance of common stock for the conversion of notes payable plus accrued interest34,2824 401,996 — 402,000 Stock-based compensation—— 709,394 — 709,394 Fair value of warrants—— 156,505 — 156,505 Net loss—— — (6,098,951)(6,098,951)Balance, December 31, 20239,575,925$958 $12,457,108 $(17,770,145)$(5,312,079)

(1)Amounts as of December 31, 2023 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).

The accompanying notes are an integral part of these consolidated financial statements.F-6

Table of ContentsQT IMAGING HOLDINGS, INC.Consolidated Statements of Cash FlowsFor the years ended December 31, 2024 and 2023

Year Ended December 31, 20242023Cash 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 amortization230,804 480,694 Stock-based compensation289,795 709,394 Provision for credit losses1,290 — Fair value