Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 560

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 560
---
 Company had entered into a Master Services
Agreement with SecureKloud. As per the Master Services Agreement, SecureKloud provides administrative and technical services. The initial
period of the agreement is for a period of three years which is extendable based on mutual consent. The Company received services amounting
to $0 and $650 for the year ended December 31, 2024, and 2023 respectively. The Company has paid for these services during the year and
there is no outstanding balance as at the year end.

The receivable from related parties as of December
31, 2024, was $138 and for the year ended December 31, 2023, was $14.

The balance due from affiliates as of December
31, 2024, was $497 and for the year ended December 31, 2023, was $304.

Item 14. Principal Accountant Fees and Services

Audit and Non-Audit Fees

The table below presents the aggregate fees billed
for professional services rendered by M&K CPAS P LLC for the years ended December 31, 2024, and 2023.

    2024  
    2023 
  
    Audit fees 
    $228,000  
    $271,000 
  
    Administrative fees 
    $22,800  
    $27,000 
  
    All other fees 
     -  
     - 
  
    Total fees 
    $250,800  
    $298,000 

In the above table, “audit fees” are
fees billed for services provided related to the audit of our annual financial statements, quarterly reviews of our interim financial
statements, and services normally provided by the independent accountant in connection with regulatory filings or engagements for those
fiscal periods. “Administrative fees” are fees not included in audit fees that are billed by the independent accountant for
assurance and related services that are reasonably related to the performance of the audit or review of our financial statements. These
audit-related fees also consist of the review of our registration statements filed with the SEC and related services normally provided
in connection with regulatory filings or engagements. “All other fees” are fees billed by the independent accountant for products
and services not included in the foregoing categories.

54

PART IV

Item 15. Exhibits, Financial Statement Schedules.

    (a)
    The following documents are filed as part of this Annual Report:

(1)The