Company: HCTI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076686
Chunk: 84

Company: Healthcare Triangle, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 84
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uation allowances are recorded to reduce deferred tax assets when it is more likely than not that a tax benefit
will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates applicable in the years in which they are
expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax law is recognized in income
in the period that includes the enactment date.

Advertising Costs

The
Company expenses advertising cost as incurred. Marketing and advertising expenses for the quarter   ended
June 30, 2025 and 2024, were $236 and $145 respectively and for the six months ended June 30, 2025 and 2024, were $294 and $467 respectively  

Concentrations

 Financial instruments that potentially subject
the Company to concentrations of credit risk consist principally of cash and trade receivables. Credit risks associated with trade receivables
is minimal due to the Company’s customer base which consist of large customer base and ongoing procedures, which monitor the credit
worthiness of its customers. For the quarter ended June 30, 2025 and 2024 revenue from the top five customers accounted for approximately
57% and 58% of total revenue respectively. For the quarter ended June 30, 2025, and year ended December 31, 2024, accounts receivable
from five major customers accounted for approximately 52% and 72% of the total accounts receivables.

The Company maintains cash balances in various
financial institutions. The balances are generally insured by the Federal Deposit Insurance Corporation up to $250,000 (valid through
June 30, 2025) per institution.

As of June 30, 2025, and December 31, 2024, the
Company had $0.844 million and $0 million respectively, of uninsured cash balances. The Company has not experienced any losses in such
accounts and believes it is not exposed to any significant credit risk on cash.

13

HEALTHCARE TRIANGLE, INC.

Notes To Condensed Consolidated Financial Statements

(Unaudited)

(In thousands except share and per share data)

3) Furniture and Equipment

Furniture and equipment consisted of the following:

Schedule of furniture and equipment

    June 30, 2025  
    December 31,  2024 

    Furniture and equipment 
    $33  
    $132 
  
    Less:  Accumulated depreciation 
     (