Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 837

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 837
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 $310, respectively.

As of December 31, 2024, there was $53 of unrecognized
share-based compensation expense related to unvested options. This unrecognized compensation expense is expected to be recognized over
a weighted-average period of approximately 1 year based on vesting under the award service conditions.

The company issued and valued options using the Black-Scholes model
for all 2024 and 2023 issuances with the following significant assumptions.

    Fair value assumptions 
    2024  
    2023 
  
    Expected volatility 
     45%-52% 
     45%-52%
  
    Expected terms (in years) 
     4  
     4 
  
    Risk-free interest rate 
     4.70% – 5.70% 
     4.60%-5.46%
  
    Dividend Yield 
     0% 
     0%

The Company recognized compensation expenses related
to stock options of $87 during the year ended December 31, 2024, and $17 for the year ended December 31, 2023.

F-28

14) Net Income per share

The Company presents basic and diluted earnings
per share (“EPS”) data for its common stock. Basic EPS is calculated by dividing the net income attributable to stockholders
of the Company by the weighted average number of shares of common stock outstanding during the period. Diluted EPS is determined by adjusting
the net income attributable to stockholders of the Company and the weighted average number of shares of common stock outstanding during
the period for the effects of all dilutive potential common shares, including awards under stock-based compensation arrangements.

The Company’s unvested restricted stock
awards are considered participating securities under FASB Codification topic, Earnings Per Share, because they entitle holders
to non-forfeitable rights to dividends until the awards vest or are forfeited. When a company has a security that qualifies as a “participating
security,” the Codification requires the use of the two-class method when computing basic EPS. The two-class method is an earnings
allocation formula that determines EPS for each class of common stock and participating security according to dividends declared (or accumulated)
and participation rights in undistributed earnings. In determining the amount of net income to allocate to common stockholders, income
is allocated to both common stock and participating securities based on their respective weighted average shares outstanding for the period,
with net income attributable to common stockholders