Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 982

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 982
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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 it
in the JOBS Act.

Going Concern

The accompanying financial statements have been
prepared assuming the Company will continue as a going concern. The Company is yet to achieve profitable operations, has negative cash
flows from operating activities, and is dependent upon equity or other financings to fund ongoing operations all of which raises substantial
doubt about its ability to continue as a going concern. The financial statements do not include any adjustments that might result from
the outcome of this uncertainty.

We have elected to take advantage of certain of
the reduced disclosure obligations in this Annual Report on Form 10-K and may elect to take advantage of other reduced reporting requirements
in our future filings with the SEC. As a result, the information that we provide to our stockholders may be different from the information
you might receive from other public reporting companies in which you hold equity interests. In particular, Section 107 of the JOBS Act
provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities
Act of 1933, as amended (the Securities Act) for complying with new or revised accounting standards. Thus, an emerging growth company
can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We have elected
to avail ourselves of this extended transition period and, as a result, so long as we remain an emerging growth company, we will not be
subject to the same implementation timing of new or revised accounting standards as other public companies that are not emerging growth
companies until these standards apply to private companies unless we elect to early adopt as permitted by the relevant guidance for private
companies.

Segment Information

The management has chosen to organize the Company
around differences in products and services and segregated the reporting segments as Software Services, Managed Services and Support,
and Platform Services.

Operating segments are defined as components of
an enterprise about which separate financial information is evaluated regularly by the chief operating decision maker in deciding how
to allocate resources and assessing performance. The Company