Company: HCTI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076686
Chunk: 159

Company: Healthcare Triangle, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 159
---
 same as the current ratio.

Sources of Liquidity

As of June 30, 2025, our principal sources of
liquidity consisted of cash and cash equivalents of $3.2 million. We believe that the future operating cash flows of the entity will provide
adequate resources to fund ongoing cash requirements.

    As of  June 30, 2025  
    As of  June 30,
 2024 

    Cash and cash equivalents 
    $3,228  
    $29 

As of June 30, 2025, our principal sources of
liquidity for working capital purposes were cash and cash equivalents totaling $3.2 million.

We have financed our operations primarily through
financing activity and operating cash flows. We believe our existing cash and cash equivalents generated from operations will be sufficient
to meet our working capital over the next 12 months. Our future capital requirements will depend on many factors including our growth
rate, subscription renewal activity, the expansion of sales and marketing activities and the ongoing investments in platform development.

Cash Flows

The following table presents a summary of our
consolidated cash flows provided by (used in) operating, investing, and financing activities for the periods indicated:

    As of  June 30,
 2025  
    As of  June 30,
 2024 

    Cash flows used in operating activities 
    $(8,192) 
    $(985)
  
    Cash flows used in investing activities 
     (603) 
     — 
  
    Cash flows provided by / (used in) financing activities 
     12,003  
     (220)
  
    Net increase / (decrease) in cash and cash equivalents 
    $3,208  
    $(1,205)

41

Operating Activities

Net cash used in operating activities during the
six months ended June 30, 2025, was $(8.19) million compared to $(0.98) million for the six months ended June 30, 2024.

Investing Activities

Net cash used in investing activities was $(0.60)
million for the six months ended June 30, 2025 representing partial payment of the acquisition cost (see note 8), compared to $0 for the
six months ended June 30, 2024.

Financing Activities 

Cash outflow/inflow from financing activities
was $12.0 million for the six months ended June 30