Company: HCTI
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109581
Chunk: 96

Company: Healthcare Triangle, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 96
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    Services received 
     -  
    $547  
    $269  
    $2,793 

    Amounts advanced 
     -  
    $184  
    $1,666  
    $2,489 

    Services rendered 
     -  
     -  
    $138  
     - 

    Amounts collected 
    $27  
     -  
    $407  
     - 

    Rent expenses paid 
    $44  
    $34  
    $133  
    $101 
  
    Blockedge Technologies, Inc. 
    Services received 
    $40  
     -  
    $70  
     - 

    Amounts advanced 
    $140  
     -  
    $285  
     - 

    Revenue 
    $9  
     -  
    $9  
     - 

    Accounts receivable 
    $9  
     -  
    $9  
     - 
  
    Key management personnel 
    Remuneration 
    $133  
    $70  
    $385  
    $209 

17

HEALTHCARE TRIANGLE, INC.

Notes To Condensed Consolidated Financial Statements

(Unaudited)

(In thousands except share and per share data)

3.7) Contingent consideration 

On February 24, 2025, the Company executed a settlement agreement pertaining
to the acquisition of Devcool Inc., and issued 594,130 common stocks at $0.6733 amounting to $400, and the balance $100 was settled by
cash on March 31, 2025.

On June 16, 2025, Healthcare Triangle, Inc. through
its wholly owned subsidiary Quantum Nexus Inc. (the “Company”) and Niyama Healthcare, Inc., a Delaware corporation, a provider
of Mental Health and Hospital Information Systems technology, across India, South East Asia, and Europe (the “Seller”) entered
into an Asset and Stock Transfer Agreement (the “Agreement”). Please refer to note 3.3 for details.

3.8) Stockholder Equity 

The Company effected a 1-for-249 reverse split
of its issued and outstanding common stock on August 01, 2025. The reverse split reduced the number of issued and outstanding shares of