Company: HCTI
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109581
Chunk: 94

Company: Healthcare Triangle, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 94
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 have any signed lease agreement in its name. The Company’s principal facility
is located in Pleasanton, CA and has another facility in Plainsboro, NJ. Rent expenses for the three months ended September 30, 2025,
and 2024 were $44 and $34 respectively and for the nine months ended September 30, 2025 and 2024, were $133 and $101 respectively.

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HEALTHCARE TRIANGLE, INC.

Notes To Condensed Consolidated Financial Statements

(Unaudited)

(In thousands except share and per share data)

3.5) Other current assets

    September 30,  2025  
    December 31,  2024 
  
    Prepaid expenses 
    $86  
    $262 
  
    Advance to employee 
     87  
     - 
  
    Project work-in-progress 
     187  
     2*
  
    Others 
     10  
     58*
  
    Total 
    $370  
    $322 

*Prior year figures have been reclassified for the purpose of comparison.

3.6) Related Party Transactions

A.Related parties 

The following entities and individuals
are considered related parties, along with the nature of the relationship:

  Name of the related party Nature of relationship  SecureKloud Technologies Limited Common control and ownership through Series A stockholder  SecureKloud Technologies Inc. Wholly owned subsidiary of SecureKloud Technologies Limited  Blockedge Technologies Inc. Wholly owned subsidiary of SecureKloud Technologies Limited 

B.Due from related parties:

On January 1, 2025, the Company entered
into a Master Service Agreement with Securekloud Technologies Inc. (“SKI”) and Securekloud Technologies Limited (“SKL).
The initial term of the agreement is twenty-four months, which is extendable based on mutual consent. As per the Master Services Agreement,
SKI and SKL provide technical resources according to the statement of work from the Company.

In additition, on January 1, 2025, the
Company entered into a Rental Sublease Agreement with Securekloud Technologies Inc. (“SKI”), The initial term of the agreement
between SKI and the principal lessor is twenty-four months, which is extendable based on mutual consent. As per the terms of the Rental
Sublease Agreement, the cost incurred by SKI on behalf of the Company are settled at cost.

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HEALTHCARE TRIANGLE,