Company: HCTI
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109581
Chunk: 93

Company: Healthcare Triangle, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 93
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 related assets), and (ii) the Seller’s
100% shareholder equity interest in Ezovion Solutions Private Limited, Chennai, India - Hospital Information Systems SaaS Provider as
Seller’s Equity (the “Transferred Equity”), as a whole and as a going concern in exchange for the Purchase Price (as
defined below).

The total consideration for the acquisition, which is referred to herein
as the “Purchase Price” is $5,700 which includes: (1) $1,500 in cash, of which $1,200 is due on the Closing Date and $300
to be paid at the later of the satisfaction of certain withholding requirements or within 120 days of the Closing Date; during the period
ended September 30, 2025, the Company made payments amounting to $1,045 out of the $1,500 obligation. The remaining balance of $455 is
recognized as payable as at September 30, 2025. (2) 1,388,041 shares of restricted common stock of the Company equal to $3,000 divided
by $2.16, issued on the Closing Date; and (3) up to $1,200 in earn-out payments contingent on first-year financial performance targets
to be agreed mutually.

The final determination of the fair
values, purchase consideration, related income tax impacts and residual goodwill will be completed as soon as practicable, and within
the measurement period of up to one year from the acquisition date as permitted under GAAP. Any adjustments to provisional amounts that
are identified during the measurement period will be recorded in the reporting period in which the adjustment is determined.

B)Other intangible assets

    September 30,  2025  
    December 31,  2024 
  
    Other intangible assets* 
    $237  
    $- 
  
    Accumulated amortization* 
     (46) 
     - 
  
    Total 
    $191  
    $       - 

    * The useful
life of intangibles is 1.5 years.
The total cost of intangibles purchased during the quarter amounting to $237.
Amortization expense during the quarter ended September 30, 2025 is $  46
and nil for September 30, 2024. 

3.4) Leases 

The Company is currently operating from two office
locations leased by SecureKloud. The Company does not