Company: HCTI
Filing Date: 2025-02-18
Form Type: 10-K/A
Source: 0001213900-25-014503
Chunk: 72

Company: Healthcare Triangle, Inc.
Filing Date: 2025-02-18
Form: 10-K/A
Chunk 72
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   5,888 
    (141 
       — 
   6,058 
    (429 
   1,770 
   1,341 | ) 
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 ) 
 ) 
 ) 
 ) 
 ) 
 ) 
 ) 
 ) 
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|:-------------------------------------------------------------------------------------------------|:----|:---------------|-------:|:--|:----|:-----------|--------:|:--|
| Interest                                                                                         |     | $              |    968 |   |     | $          |     212 |   |
| Income taxes                                                                                     |     |                |     35 |   |     |            |     357 |   |
| Non-cash flows information                                                                       |     |                |        |   |     |            |         |   |
| Exchange of third party debt for third party debt                                                |     |                |      - |   |     |            |   1,709 |   |
| Contingent consideration settled with common stock                                               |     |                |    125 |   |     |            |       - |   |
| Relative fair value of warrants issued with convertible debt                                     |     |                |    356 |   |     |            |       - |   |

The accompanying notes are an integral part of these consolidated financial statements. F-7 HEALTHCARE TRIANGLE, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (in thousands except share and per share data)

1) Organization and Description of Business

Healthcare Triangle Inc. (“the Company”)
was incorporated under the laws of the State of Nevada on October 29, 2019, and then converted into a Delaware corporation on April 24,
2020, to provide IT and data services to the Healthcare and Life Sciences (‘HCLS”) industry. On January 1, 2020, the Company
acquired the Life Sciences Business of SecureKloud Technologies Inc. (Parent) and on May 8, 2020, the Company acquired Cornerstone Advisors
Group LLC (Healthcare Business) from its Parent.

Healthcare Triangle, Inc. (HTI) reinforces healthcare
progress through breakthrough technology and extensive industry know-how. HTI support healthcare providers and payors, hospitals and Pharma/Life
Sciences organizations in their effort to improve health outcomes by enabling the adoption of new technologies, data enlightenment, business
agility and accelerate responding to immediate business needs and competitive threats. The