Company: QTIWW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001844505-25-000083
Chunk: 62

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 62
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 interest rate is based on the U.S. Treasury interest rates whose term in consistent with the expected life of the stock options. No dividend yield is included as the Company has not issued any dividends and do not anticipate issuing any dividends in the future.The following table shows stock-based compensation expense by functional area in the condensed consolidated statements of operations and comprehensive loss for the three and six months ended June 30, 2025 and 2024:Three Months EndedJune 30,Six Months EndedJune 30, 2025202420252024Research and development$11,553 $— $28,296 $13,950 Selling, general and administrative207,657 — 291,630 25,034 $219,210 $— $319,926 $38,984 No stock-based compensation expense was capitalized to inventory for three and six months ended June 30, 2025 and 2024.

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As of June 30, 2025, the total unrecognized compensation cost related to all nonvested stock options was $930,043 and the weighted-average period over which it is expected to be recognized is 1.61 years.

12.    Revenue Recognition

Revenue recognized during the three and six months ended June 30, 2025 and 2024 is disaggregated as follows:Three Months EndedJune 30,Six Months EndedJune 30, 2025202420252024Product$3,626,417 $1,658,681 $6,386,735 $2,964,801 Service32,997 55,354 71,094 111,397 $3,659,414 $1,714,035 $6,457,829 $3,076,198 Revenue recognized by geography during the three and six months ended June 30, 2025 and 2024 is as follows:Three Months EndedJune 30,Six Months EndedJune 30, 2025202420252024United States$3,649,057 $1,700,130 $6,436,083 $3,058,325 International10,357 13,905 21,746 17,873 $3,659,414 $1,714,035 $6,457,829 $3,076,198 Substantially all of the revenue recognized by the Company during the three and six months