Company: HCTI
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109581
Chunk: 95

Company: Healthcare Triangle, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 95
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 INC.

Notes To Condensed Consolidated Financial Statements

(Unaudited)

(In thousands except share and per share data)

The balance outstanding from the affiliates as of September 30, 2025
is $3,502 as compared to $497 as of December 31, 2024. The balance as at September 30, 2025 is unsecured, non-interest bearing and is
expected to be settled within six months from the balance sheet date, as outlined below: 

    - SecureKloud Technologies Limited (*) (public
company in India) balance outstanding as of September 30, 2025 is $3,287 (including the balance previously owed by SecureKloud Technologies
Inc.) as compared to nil as of December 31, 2024, 

    - SecureKloud Technologies, Inc., (*) balance
outstanding as of September 30, 2025 is nil as compared to $497 as of December 31, 2024, and 

    - Blockedge Technologies, Inc., balance outstanding as
of September 30, 2025 is $215 as compared to nil as of December 31, 2024 

(*)During
the period ended September 30, 2025, the Company, together with SecureKloud Technologies Limited and SecureKloud Technologies, Inc.,
entered into a tripartite agreement, pursuant to which, SecureKloud Technologies Limited took over the contractual obligations, outstanding
balance and transactions between the Company and SecureKloud Technologies, Inc. Accordingly, the balance receivable from SecureKloud
Technologies Inc., has since been novated to SecureKloud Technologies, Limited as of the effective date of the novation.

C.Related party transactions:

Following are the transactions with
related parties during the periods presented:

    Related Parties 
    Nature of transactions 
    Quarter  ended  September 30,  2025  
    Quarter  ended  September 30,  2024  
    Nine-months  ended  September 30,  2025  
    Nine-months  ended  September 30,  2024 
  
    SecureKloud Technologies Limited, India 
    Services received 
    $470  
     -  
    $1,945  
     - 

    Amounts advanced 
    $525  
     -  
    $2,793  
     - 
  
    SecureKloud Technologies, Inc.