Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 978

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 978
---
2,270 
  
    Other current assets 
     502  
     (8)
  
    Due from related party 
     (193) 
     771 
  
    Accounts payable and accrued expenses 
     593  
     484 
  
    Other current liabilities 
     (525) 
     (520)
  
    Net cash used in operating activities 
     (1,081) 
     (2,151)

    Cash flows from investing activities 

    (Purchase) / sale of property and equipment 
     -  
     (12)
  
    Net cash used in investing activities 
     -  
     (12)

    Cash flows from financing activities 

    Increase in capital 
     956  
     500 
  
    Increase / (decrease) in short term borrowing 
     (1,089) 
     1,556 
  
    Net cash provided by financing activities 
     (133) 
     2,056 
  
    Net decrease in cash and cash equivalents 
     (1,214) 
     (107)

    Cash and cash equivalents 

    Cash and cash equivalents at the beginning of the period 
     1,234  
     1,341 
  
    Cash and cash equivalents at the end of the period 
    $20  
    $1,234 

    Supplementary disclosure of cash flows information 

    Interest 
     121  
     968 
  
    Income tax 
    $12  
    $35 

    Non-cash flow information 

    Contingent consideration settled with common stock 
     -  
     125 
  
    Relative fair value of warrants issued with convertible debt 
     -  
     356 
  
    Conversion of debt for common stock 
     1,181  
     - 
  
    Issuance of Series B preferred stock in connection with acquisition of customer contracts from a common control entity 
    $7,435  
    $- 

The accompanying notes are an integral part of
these consolidated financial statements.

F-6

HEALTHCARE TRIANGLE, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(in thousands except share and per share data)

1) Organization and Description of Business

Healthcare Triangle Inc. (“the Company”)
was incorporated under the laws of the State of Nevada