Company: HCTI
Filing Date: 2025-02-18
Form Type: 10-K/A
Source: 0001213900-25-014503
Chunk: 96

Company: Healthcare Triangle, Inc.
Filing Date: 2025-02-18
Form: 10-K/A
Chunk 96
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| Weighted average discount rate:                                         |     |              |          4.75 | % |

Total future minimum payments required under the lease obligations as of December 31, 2022 are as follows:

| 2023                               |     | $ | — |
| Total Lease payments               |     |   | — |
| Less: Amount Representing Interest |     |   | — |
| Total lease obligation             |     | $ | — |

7) Due from Related Party SecureKloud Technologies Inc, (Parent) is a Nevada based corporation, focusing on digital transformation for Avionics, Technology and Manufacturing Industry. As a pioneer in enabling cloud transformation for global enterprises, SecureKloud Technologies Inc is building on foundation of cloud capabilities by creating innovative platforms that are time-tested and designed to drive success in its digital transformation journey. HTI uses the capabilities and resources of the parent for the execution of the projects for its customers. SecureKloud Technologies Inc owns 59.18% of Healthcare Triangle Inc as of December 31, 2023. The Company entered into a Master Service Agreement, Shared Services Agreement and Rental Sublease Agreement with its parent. As per the Master Services Agreement, parent provides technical resources according to the statement of work from the Company. The initial term of the agreement is twenty-four months, which is extendable based on mutual consent. The parent charges for the services at cost. The Company received services amounting to $ 5,445and $ 14,063for the year ended December 31, 2023, and 2022 respectively. The Company has paid for these services during the year. As per the terms of the Shared Services and Rental Sublease Agreement, the cost incurred by the parent on behalf of the Company are settled at cost. The Shared Services Agreement includes Development infrastructure, Sales support, Recruitment and Immigration support, Project coordination, HR and Operation support, Management /Advisory services. The Company received services amounting to $ 377and $ 197for the year ended December 31, 2023, and 2022 respectively. The Company has paid for these services during the year. The Company does not have any signed lease agreement on its name and currently operates from two office locations leased by the Parent. The Company has entered into a sublease agreement with the Parent and paid rent of $ 235and $ 180for the year ended December 31, 2023, and 2022 respectively. The Company has made $ 38of sale