Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 102

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 102
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 of
December 31, 2024, the L1 Capital note was outstanding at $875,000.

  (ii)  During the year, the Company and an investor entered an agreement on October 9, 2024, to issue to the investor 20% OID Promissory note
for proceeds of $1,000,000. The original agreement contained the terms to mutually extend the maturity date of the note up to January
31, 2025. The Company renegotiated the extension of the original maturity of the note by three months from December 8, 2024, to March
8, 2025 and increased the maturity value of the note to $1,500,000 as per the terms of the note. The Company recorded an amount of $500,000
as an OID and repaid the note value of $1,500,000 on March 7, 2025.   

The Company has amortized $277,000 of debt discount during the period ended December 31, 2024, and $0 for the year ended December 31, 2023. The debt discount is being amortized over the life of the loan.

    Convertible Note 
    2024  
    2023 
  
    Short-term borrowing 
    $2,061  
     1,112 
  
    Long-term borrowing 
     -  
     97 
  
    Convertible note outstanding 
    $2,061  
     1,209 

The long-term portion of this convertible debt was $0 as of December
31, 2024, and $97 as of December 31, 2023.

Aggregate maturities of convertible notes
payable are as follows:

For the twelve months ended, December 31,

    2024 
    $2,061 
  
    2025 
    $- 
  
    Total 
    $2,061 

    Convertible Note 
    2024  
    2023 
  
    Convertible notes payable 1 
    $2,375  
    $2,000 
  
    Less: discount 
     314  
     791 
  
    Notes payable, net of discount 1-2 
     2,061  
     1,209 
  
    Notes payable, current portion, net of discount 
     2,061  
     1,112