QT IMAGING HOLDINGS INC
For the period ended Dec 31, 2023. Filed Mar 25, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 25, 2024
QTI$2.29+12.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Balance Sheets
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash | $2,438 | $78,196 |
| Prepaid expenses and other current assets | 94,008 | 172,508 |
| Total current assets | 96,446 | 250,704 |
| Cash and marketable securities held in Trust Account | 23,302,116 | 41,561,656 |
| Interest receivable on cash and marketable securities held in the Trust Account | — | 133,211 |
| TOTAL ASSETS | $23,398,562 | $41,945,571 |
| LIABILITIES, REDEEMABLE COMMON STOCK AND STOCKHOLDERS’ DEFICIT | ||
| Current liabilities | ||
| Accounts payable | $767,615 | $195,064 |
| Accrued legal fees | 3,500,000 | 2,157,037 |
| Accrued liabilities | 893,830 | 103,344 |
| Payable to related parties | 1,610,875 | 781,561 |
| Note payable to related party | 1,564,673 | 603,880 |
| Note payable to related party at fair value | 1,506,389 | 257,492 |
| Other current liabilities | 79,162 | 88,021 |
| Deferred underwriting fee payable - current | 2,760,000 | — |
| Total current liabilities | 12,682,544 | 4,186,399 |
| Warrant liability | 7,950 | 31,800 |
| Deferred underwriting fee payable | — | 9,200,000 |
| Total liabilities | 12,690,494 | 13,418,199 |
| Commitments and contingencies (Note 6) | ||
| Common stock subject to possible redemption, 2,114,978 shares, at a redemption value of $10.98 per share, and 4,014,050 shares, at a redemption value of $10.37 per share, as of December 31, 2023 and 2022, respectively | 23,222,954 | 41,606,846 |
| Stockholders’ deficit | ||
| Preferred stock, par value of $0.0001 per share; 1,000,000 shares authorized; none issued or outstanding | — | — |
| Common stock, par value of $0.0001 per share; 100,000,000 shares authorized; 6,545,000 shares issued and outstanding as of December 31, 2023 and 2022 | 655 | 655 |
| Additional paid-in capital | 4,589,179 | — |
| Accumulated deficit | (17,104,720) | (13,080,129) |
| Total stockholders’ deficit | (12,514,886) | (13,079,474) |
| TOTAL LIABILITIES, REDEEMABLE COMMON STOCK AND STOCKHOLDERS’ DEFICIT | $23,398,562 | $41,945,571 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.