Company: QTIWW
Filing Date: 2025-01-16
Form Type: S-1
Source: 0001628280-25-001723
Chunk: 324

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-16
Form: S-1
Chunk 324
---
 QT IMAGING, INC.

### NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
<div align='center'>For the years ended December 31, 2023 and 2022</div>

All of the revenue recognized by the Company during the years ended December 31, 2023 and 2022 was recognized at a point in time.

Revenue recognized during the years ended December 31, 2023 and 2022 is disaggregated as follows:

|         |     |   |   2023 |     |   |    2022 |
|:--------|:----|:--|-------:|:----|:--|--------:|
| Product |     | $ | 17,832 |     | $ | 701,092 |
| Service |     |   | 22,523 |     |   |   7,152 |
|         |     | $ | 40,355 |     | $ | 708,244 |

Revenue recognized by geography during the years ended December 31, 2023 and 2022 is as follows:

|               |     |   |   2023 |     |   |    2022 |
|:--------------|:----|:--|-------:|:----|:--|--------:|
| United States |     | $ | 35,165 |     | $ |   7,200 |
| International |     |   |  5,190 |     |   | 701,044 |
|               |     | $ | 40,355 |     | $ | 708,244 |

The Company had nocontract assets as of December 31, 2023 and 2022 and nocontract liabilities as of December 31, 2022. The Company had contract liabilities of $ 347,619as of December 31, 2023, which are expected to be fully recognized in revenue in 2024.

Shipping and Handling Costs

Shipping and handling activities are typically performed before the customer obtains control of the goods, and the related costs are therefore expensed as incurred. Shipping and handling costs are included in cost of revenue in the accompanying consolidated statements of operations and comprehensive loss. Shipping and handling costs incurred for inventory purchases are expensed in cost of revenue when sold.

Product Warranty

The Company’s products sold to customers are generally subject to warranties between one and two years, which provides for the repair or replacement of products, at the Company’s option, that fail