Company: HCTI
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109581
Chunk: 8

Company: Healthcare Triangle, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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4 are not necessarily indicative of the results to be expected for the full year. The information contained herein should
be read in conjunction with the audited financial statements included in our Annual Report on Form 10-K for the year ended December 31,
2024 filed with the SEC. Management considers events or transactions that occur after the balance sheet date but before the financial
statements are issued to provide additional evidence relative to certain estimates or to identify matters that require additional disclosure.
Subsequent events have been evaluated through the date of issuance of these financial statements.

6

HEALTHCARE TRIANGLE, INC.

Notes To Condensed Consolidated Financial Statements

(Unaudited)

(In thousands except share and per share data)

Use of Estimates

The preparation of financial statements is in
conformity with GAAP which requires us to make estimates, judgments and assumptions that affect the financial statements and the notes
thereto. These estimates are based on information available as of the date of the financial statements. On a regular basis, management
evaluates these estimates and assumptions. Items subject to such estimates and assumptions include, but are not limited to:

    ●
    the standalone selling
    price for each distinct performance obligation;

    ●
    the fair value of assets
    acquired, and liabilities assumed for business combinations;

    ●
    the expected credit loss relating to accounts receivable;

    ●
    the determination of contingent consideration amount;
    and 

    ● share based compensation including options and warrants. 

Emerging Growth Company Status

We are an “emerging growth company,”
as defined in the Jumpstart Our Business Startups Act of 2012. We will remain an emerging growth company until the earlier of (i) December
21, 2026 (the last day of the fiscal year following the fifth anniversary of our IPO), (ii) the last day of the first fiscal year in
which we have total annual gross revenue of at least $1.07 billion, (iii) the last day of the first fiscal year in which we are deemed
to be a “large accelerated filer”, as defined in the rules under the Exchange Act, and (iv) the date on which we have issued
more than $1.0 billion in non-convertible debt during the prior three-year period. We refer to the Jumpstart Our Business Startups Act
of 2012 herein as the “JOBS Act,” and any reference herein to “emerging growth company” has the meaning ascribed
to