Company: HCTI
Filing Date: 2025-02-18
Form Type: 10-K/A
Source: 0001213900-25-014503
Chunk: 66

Company: Healthcare Triangle, Inc.
Filing Date: 2025-02-18
Form: 10-K/A
Chunk 66
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|:--------|-------:|:----|:--|-----:|:--|
| Gain on revaluation |     | $              | - |     | $    | 1,602 |     | $       | -1,602 |     |   | -100 | % |

The gain on revaluation decreased by $1.6 million, or 100% to $0 million for the twelve months ended December 31, 2023, as compared to $1.6 million for the twelve months ended December 31, 2022. Provision for income taxes

|            |     | Twelve Months Ended 
 December 31,        
 (In thousands)      | 2023 |     |   | 2022 |     | Changes | Amount |   |     |     | %   |    |
|:-----------|:----|:--------------------|-----:|:----|:--|-----:|:----|:--------|:-------|:--|:----|:----|:----|:---|
| Income tax |     | $                   |   35 |     | $ |   63 |     | $       | (28    | ) |     |     | (44 | )% |

Income tax decreased by $0.03 million, or 44% to $0.04 million for the twelve months ended December 31, 2023, as compared to $0.06 million for the twelve months ended December 31, 2022, this represents state taxes. Deferred tax

|              |     | Twelve         
 Months Ended   
 December 31,   
 (In thousands) 
 2023           |   |     | 2022 |     |     | Changes 
 Amount  |      |   |     | % |      |    |
|:-------------|:----|:---------------|:--|:----|:-----|----:|:----|:--------|:-----|:--|:----|:--|:-----|:---|
| Deferred tax |     | $              | - |     | $    | 443 |     | $       | (443 | ) |     |   | (100 | )% |

Deferred tax decreased by $0.4 million, or 100% to $0 million for the twelve months ended December 31, 2023, as compared to $0.4 million for the twelve months ended December 31, 2022. Revenue