Company: HCTI
Filing Date: 2025-02-18
Form Type: 10-K/A
Source: 0001213900-25-014503
Chunk: 94

Company: Healthcare Triangle, Inc.
Filing Date: 2025-02-18
Form: 10-K/A
Chunk 94
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: Accumulated depreciation |     |               |               (88 | ) |     |   |               (39 | ) |
| Net Fixed Assets               |     | $             |                44 |   |     | $ |                80 |   |

Depreciation expenses for the year ended December 31, 2023, and December 31, 2022, were $ 48and $ 34, respectively.

F-24

5) Intangible Assets

The Company’s intangible assets consist
primarily of intellectual property and customer relationship it acquired through various acquisitions. We capitalize certain costs incurred
for the platform development when it is determined that it is probable that the platform will be completed and will be used as intended.
We amortize our intangible assets that have finite lives using either the straight-line method or based on estimated future cash flows
to approximate the pattern in which the economic benefit of the asset will be utilized.

Intangible assets consist of the following:

|                         |     | December 31, 2023 |   |     |          |        |     |              |        |     |          |     |     |          |        |     |              |        |     | December 31, 2022 |       |
|:------------------------|:----|:------------------|--:|:----|:---------|-------:|:----|:-------------|-------:|:----|:---------|----:|:----|:---------|-------:|:----|:-------------|-------:|:----|:------------------|------:|
|                         |     | Weighted          |   |     |          |        |     |              |        |     |          |     |     |          |        |     |              |        |     |                   |       |
|                         |     | average           |   |     |          |        |     |              |        |     |          |     |     |          |        |     |              |        |     |                   |       |
|                         |     | Remaining         |   |     | Gross    |        |     |              |        |     | Net      |     |     | Gross    |        |     |              |        |     | Net               |       |
|                         |     | Useful life       |   |     | Carrying |        |     | Accumulated  |        |     | Carrying |     |     | Carrying |        |     | Accum