Company: HCTI
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045994
Chunk: 65

Company: Healthcare Triangle, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 8
Chunk 65
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 Accounting Policies

Basis of consolidated financial statements 

The
accompanying condensed consolidated financial statements include the accounts of Healthcare Triangle, Inc and Devcool, Inc its wholly
owned subsidiary. The condensed consolidated financial statements
have been prepared in accordance with accounting principles generally accepted in the United States of America. All intercompany balances
and transactions have been eliminated in consolidation.

The
accompanying statements of operations include expenses for certain functions historically performed by the Parent company, including general
corporate services, such as legal, accounting, treasury, information technology, human resources and administration. These expenses are
based primarily on direct usage when identifiable, direct capital expenditures or other relevant allocations during the respective periods.
We believe the assumptions underlying the accompanying condensed consolidated financial statements, are reasonable.
Actual results may differ from these expenses, assumptions and estimates. The amounts recorded in the accompanying condensed consolidated
financial statements are not necessarily indicative of the actual amount of such indirect expenses that would have been recorded had we
been a separate independent entity.

Unaudited Interim Financial Information

The accompanying unaudited condensed consolidated
financial statements and the related footnote disclosures have been prepared by us in accordance with GAAP for interim financial reporting
and as required by Rule 10-01 of Regulation S-X. Accordingly, the unaudited condensed consolidated financial statements may not include
all of the information and notes required by GAAP for audited financial statements. The year-end December 31, 2024 condensed consolidated
balance sheet data included herein was derived from audited financial statements. In the opinion of management, the accompanying unaudited
condensed consolidated financial statements contain all adjustments, consisting of items of a normal and recurring nature, necessary to
present fairly our financial position as of March 31, 2025, the results of operations, comprehensive income (loss), stockholders’
deficit, and cash flows for the three months ended March 31, 2025 and 2024. The results of operations for the three months ended March
31, 2025 and 2024 are not necessarily indicative of the results to be expected for the full year. The information contained herein should
be read in conjunction with the unaudited financial statements included in our Annual Report on Form 10-K for the year ended December
31, 2024 filed with the SEC. Management considers events or transactions that occur after the balance sheet date but before the financial
statements are issued to provide additional evidence relative to certain estimates or to identify matters that require additional