Company: HCTI
Filing Date: 2025-02-18
Form Type: 10-K/A
Source: 0001213900-25-014503
Chunk: 78

Company: Healthcare Triangle, Inc.
Filing Date: 2025-02-18
Form: 10-K/A
Chunk 78
---
 |   |
| issued and outstanding as of December 31,2022.                                                                                           |     |                                |         |   |     |             |        |   |     |              |         |   |
| Common stock, par value $0.00001; 100,000,000 authorized 4,170,953 shares issued and outstanding as of December 31, 2022                 |     |                                |       - |   |     |             |      - |   |     |              |       - |   |
| Additional paid-in capital                                                                                                               |     |                                |  24,956 |   |     |             |      - |   |     |              |  24,956 |   |
| Accumulated other comprehensive income (loss)                                                                                            |     |                                |       - |   |     |             |      - |   |     |              |       - |   |
| Retained earnings (vi)                                                                                                                   |     |                                | (12,568 | ) |     |             | (6,348 | ) |     |              | (18,916 | ) |
| Total stockholders’                                                                                                                      
 equity (deficit)                                                                                                                         |     |                                |  12,388 |   |     |             | (6,348 | ) |     |              |   6,040 |   |
| Total liabilities                                                                                                                        
 and stockholders’ equity (deficit)                                                                                                       |     | $                              |  20,763 |   |     | $           | (7,501 | ) |     | $            |  13,262 |   |

Notes:

| (i) | Collection from customer $273 reflected in Seacoast collection account in January 2023, reported earlier as collected adjusted to accounts receivable. Corresponding impact given in short term borrowing. |

| (ii) | Adjustment of $2,185 relating to reclassification of intangible to R&D, $4,300 to impair the intangible from Devcool Inc acquisition. |

| (iii) | Adjustment of $1,289 to impair Goodwill from the Devcool, Inc. acquisition. |

| (iv) | Application of relative fair value method and allocation of $55 as retained earnings. |

| (v) | Adjustments related to accrued tax liability $442, $7 relating to adjustment of unsupported debit balance and reversal of general cost accrual $217. Net impact $231 |

| (vi) |