Company: HCTI
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045994
Chunk: 0

Company: Healthcare Triangle, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1. Financial statements (In thousands of US $, unless otherwise noted)

HEALTHCARE TRIANGLE, INC.

Condensed Consolidated Balance Sheets

    March 31,

    December 31,

    2025

    2024

    (Unaudited)

    Assets

    Current assets

    Cash and cash equivalents
     
    $
    6,826

    $
    20

    Accounts receivable

    1,907

    1,110

    Other current assets

    1,107

    322

    Total current assets

    9,840

    1,452

    Property and equipment, net

    -

    12

    Due from affiliates

    1,945

    497

    Total assets
     
    $
    11,785

    $
    1,961

    Liabilities and stockholders’ equity (deficit)

    Current liabilities

    Accounts payable
     
    $
    1,618

    $
    2,539

    Short term borrowing

    775

    2,650

    Other current liabilities

    815

    1,386

    Total current liabilities

    3,208

    6,575

    Long-term liabilities

    Contingent consideration

    -

    500

    Total current and long-term liabilities

    3,208

    7,075

    Stockholders’ equity 

    Preferred stock, par value $0.00001; 10,000,000 authorized Issued 1,600,000 as of March 31, 2025 and as of December 31, 2024

    7,435

    7,435

    Series A, Super Voting Preferred Stock - 20,000 shares (1,000 votes per share)

    -

    -

    Common stock, par value $0.00001; 100,000,000 authorized 16,038,376 and 5,666,781 shares issued and outstanding as of March 31, 2025, and December 31, 2024 respectively

    -

    -

    Additional paid-in capital

    36,413

    21,022

    Accumulated deficit

    (35,271
    )

    (33,571
    )
  
    Total stockholders’ equity (deficit)