Company: HCTI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076686
Chunk: 87

Company: Healthcare Triangle, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 87
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 Unbilled revenue 
    $295  
    $- 
  
    Prepaid expenses 
     160  
     262 
  
    Others 
     -  
     60 
  
    Total 
    $455  
    $322 

15

HEALTHCARE TRIANGLE, INC.

Notes To Condensed Consolidated Financial Statements

(Unaudited)

(In thousands except share and per share data)

7) Due from Affiliates

The balance outstanding from the affiliates as
of June 30, 2025 is $3,320 as compared to $497 as of December 31, 2024, as outlined below;

-SecureKloud Technologies Limited (public company in India) balance outstanding as of June 30, 2025 is
$792 as compared to nil as of December 31, 2024,

-SecureKloud Technologies, Inc., balance outstanding as of June 30, 2025 is $2,413 as compared to $497
as of December 31, 2024, and

-Blockedge Technologies, Inc., balance outstanding as of June 30, 2025 is $115 as compared to nil as of
December 31, 2024

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. The Company received services amounting to $1,025
and $755 for the quarter ended June 30, 2025, and 2024 respectively and $2,020 and $1,568 for the six months ended June 30, 2025 and 2024
respectively, while the Company made advance payments amounting to $4,843 during the six months ended June 30, 2025. As at June 30, 2025,
the due from affiliates balance of $3,320 represents advance payments to the affiliates which is expected to be settled within six months
from the balance sheet date. 

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