v3.25.2
Revised Financial Statements
6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Revised Financial Statements Revised Financial Statements
As previously disclosed in its consolidated financial statements included in the Annual Report on Form 10-K filed for the year ended December 31, 2024, the Company has revised its condensed financial statements as of and for the six months ended June 30, 2024 to correct a misstatement identified related to the initial recognition of the earnout liability. The Company assessed the materiality of this misstatement in accordance with SEC Staff Accounting Bulletin No. 108 - “Qualifying Misstatements” and concluded this error was not qualitatively material. As such, the correction of the error for the affected periods is reflected prospectively in the Quarterly Reports on Form 10-Q for fiscal year 2025.

The effects of this revision on the applicable line items within the condensed consolidated financial statements were as follows:

 Condensed Consolidated Balance Sheet Line Items ImpactedJune 30, 2024 - As FiledAdjustmentsJune 30, 2024 - As Revised
Additional paid-in capital
$22,341,598 $(3,670,000)$18,671,598 
Accumulated deficit$(28,503,111)$3,670,000 $(24,833,111)

Other Condensed Consolidated Financial Statement Line ItemsSix Months Ended June 30, 2024 - As FiledAdjustmentsSix Months Ended June 30, 2024 - As Revised
Condensed Consolidated Statement of Operations and Comprehensive Loss
Change in fair value of earnout liability$(750,000)$3,670,000 $2,920,000 
Net loss and comprehensive loss attributable to QT Imaging Holdings, Inc.$(5,547,464)$3,670,000 $(1,877,464)
Net loss and comprehensive loss attributable to common stockholders$(10,732,966)$3,670,000 $(7,062,966)
Net loss per share - basic and diluted$(0.62)$0.21 $(0.41)
Condensed Consolidated Statement of Cash Flows
Net loss$(5,547,464)$3,670,000 $(1,877,464)
Change in fair value of earnout liability$750,000 $(3,670,000)$(2,920,000)