Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 805

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 805
---
Going Concern

The accompanying financial statements have been
prepared assuming the Company will continue as a going concern. The Company is yet to achieve profitable operations, has negative cash
flows from operating activities, and is dependent upon equity or other financings to fund ongoing operations all of which raises substantial
doubt about its ability to continue as a going concern. The financial statements do not include any adjustments that might result from
the outcome of this uncertainty.

F-8

Emerging Growth Company Status

We are an “emerging growth company,”
as defined in the Jumpstart Our Business Startups Act of 2012. We will remain an emerging growth company until the earlier of (i) December
21, 2026 (the last day of the fiscal year following the fifth anniversary of our IPO), (ii) the last day of the first fiscal year in which
we have total annual gross revenue of at least $1.07 billion, (iii) the last day of the first fiscal year in which we are deemed to be
a “large accelerated filer”, as defined in the rules under the Exchange Act, and (iv) the date on which we have issued more
than $1.0 billion in non-convertible debt during the prior three-year period. We refer to the Jumpstart Our Business Startups Act of 2012
herein as the “JOBS Act,” and any reference herein to “emerging growth company” has the meaning ascribed to it
in the JOBS Act.

Going Concern

The accompanying financial statements have been
prepared assuming the Company will continue as a going concern. The Company is yet to achieve profitable operations, has negative cash
flows from operating activities, and is dependent upon equity or other financings to fund ongoing operations all of which raises substantial
doubt about its ability to continue as a going concern. The financial statements do not include any adjustments that might result from
the outcome of this uncertainty.

We have elected to take advantage of certain of
the reduced disclosure obligations in this Annual Report on Form 10-K and may elect to take advantage of other reduced reporting requirements
in our future filings with the SEC. As a result, the information that we provide to our stockholders may be different from the information
you might receive from other public reporting companies in which you hold equity interests. In particular, Section 107 of the JOBS Act
provides that an emerging growth company can take advantage of the extended transition period provided in Section