Company: HCTI
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109581
Chunk: 19

Company: Healthcare Triangle, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 19
---
    Prepaid expenses 
    $86  
    $262 
  
    Advance to employee 
     87  
     - 
  
    Project work-in-progress 
     187  
     2*
  
    Others 
     10  
     58*
  
    Total 
    $370  
    $322 

*Prior year figures have been reclassified for the purpose of comparison.

3.6) Related Party Transactions

A.Related parties 

The following entities and individuals
are considered related parties, along with the nature of the relationship:

  Name of the related party Nature of relationship  SecureKloud Technologies Limited Common control and ownership through Series A stockholder  SecureKloud Technologies Inc. Wholly owned subsidiary of SecureKloud Technologies Limited  Blockedge Technologies Inc. Wholly owned subsidiary of SecureKloud Technologies Limited 

B.Due from related parties:

On January 1, 2025, the Company entered
into a Master Service Agreement with Securekloud Technologies Inc. (“SKI”) and Securekloud Technologies Limited (“SKL).
The initial term of the agreement is twenty-four months, which is extendable based on mutual consent. As per the Master Services Agreement,
SKI and SKL provide technical resources according to the statement of work from the Company.

In additition, on January 1, 2025, the
Company entered into a Rental Sublease Agreement with Securekloud Technologies Inc. (“SKI”), The initial term of the agreement
between SKI and the principal lessor is twenty-four months, which is extendable based on mutual consent. As per the terms of the Rental
Sublease Agreement, the cost incurred by SKI on behalf of the Company are settled at cost.

16

HEALTHCARE TRIANGLE, 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