Company: QTIWW
Filing Date: 2025-01-31
Form Type: S-1/A
Source: 0001628280-25-003316
Chunk: 416

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-31
Form: S-1/A
Chunk 416
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1,290,471 |
| Less: Interest               |     |   |  -133,359 |
| Present value of obligations |     | $ | 1,157,112 |

The operating lease expense for the three months ended September 30, 2024 and 2023 was $ 113,748and $ 113,536, respectively, of which $ 5,532and $ 5,319, respectively, were related to leases with a term of less than 12 months. The operating lease expense for the nine months ended September 30, 2024 and 2023 was $ 341,031and $ 340,354, respectively, of which $ 16,383and $ 15,705, respectively, were related to leases with a term of less than 12 months.

As of September 30, 2024, the weighted-average remaining lease term was 2.7years and the weighted-average discount rate was 8% for the nine months ended September 30, 2024. As of September 30, 2023, the weighted-average remaining lease term was 3.7years and the weighted-average discount rate was 8% for the nine months ended September 30, 2023.

#### 10.

#### Contingencies
Litigation

The Company is subject to occasional lawsuits, investigations, and claims arising out of the normal conduct of business. As of the date the condensed consolidated financial statements were available to be issued, management is not aware of any pending claims that will have a material impact on the Company’s condensed consolidated financial statements.

#### 11.

#### Stockholders’ Deficit
Common Stock

The Company's common stock trades on the Nasdaq Stock Exchange under the symbol “QTI ” . Pursuant to the terms of the Amended and Restated Certificate of Incorporation, the Company is authorized and has available for issuance 500,000,000shares of common stock. Immediately following the Merger, there were 21,437,216shares of common stock outstanding with a par value of $ 0.0001. The holder of each share of common stock is entitled to onevote.

The Company retroactively adjusted the shares issued and outstanding prior to March 4, 2024 to give effect to the exchange ratio established in the Business Combination Agreement to determine the number of shares of common stock into which they were converted.

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#### QT IMAGING HOLDINGS, INC