Company: HCTI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076686
Chunk: 106

Company: Healthcare Triangle, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 106
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 Company’s unvested restricted stock
awards are considered participating securities under FASB Codification topic, Earnings Per Share, because they entitle holders
to non-forfeitable rights to dividends until the awards vest or are forfeited. When a company has a security that qualifies as a “participating
security,” the Codification requires the use of the two-class method when computing basic EPS. The two-class method is an earnings
allocation formula that determines EPS for each class of common stock and participating security according to dividends declared (or accumulated)
and participation rights in undistributed earnings. In determining the amount of net income to allocate to common stockholders, income
is allocated to both common stock and participating securities based on their respective weighted average shares outstanding for the period,
with net income attributable to common stockholders ultimately equally net income less net income attributable to participating securities.
Diluted EPS for the Company’s common stock is computed using the more dilutive of the two-class method or the treasury stock method.

Schedule of earning per share

    Three Months Ended June 30, 

    2025  
    2024 
  
    Net loss attributable to common stockholders 
    $(1,368) 
    $(1,510)
  
    Weighted average shares outstanding – basic and diluted(#) 
     2,343,385  
     21,351 
  
    Basic and diluted EPS 
    $(0.58) 
    $(70.72)

    Six  Months Ended June 30, 

    2025  
    2024 
  
    Net loss attributable to common stockholders 
    $(3,068) 
    $(3,372)
  
    Weighted average shares outstanding – basic and diluted(#) 
     1,197,824  
     19,622 
  
    Basic and diluted EPS 
    $(2.56) 
    $(171.85)

#Due to net loss position, basic and diluted weighted average
shares outstanding are the same.

17) Subsequent Events

The Company effected a [1-for 249]
reverse split of its issued and outstanding common stock on August 01, 2025. The reverse split reduced the number of issued and outstanding
shares of common stock in proportion to the split ratio, without changing the total authorized shares or the par value per share.

18) New
Accounting Pronouncements  

In March 2024, the FASB issued ASU No.