Company: HCTI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076686
Chunk: 95

Company: Healthcare Triangle, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 95
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 Date Fair 

    Number of Warrants  
    Value Per warrant 
  
    Unvested on January 1, 2025 
     2,373  
    $873.990 
  
    Granted 
     1,453,433  
     20.92 
  
    Vested 
     (1,453,821) 
     21.17 
  
    Unvested on June 30, 2025 
     1,985  
    $851.78 

21

HEALTHCARE TRIANGLE, INC.

Notes To Condensed Consolidated Financial Statements

(Unaudited)

(In thousands except share and per share data)

11) Other current liability

    Particulars 
    June 30,  2025  
    December 31,  2024 
  
    Other current liability 

    Payroll 
    $230  
    $463 
  
    Audit fees 
     36  
     193 
  
    Insurance 
     55  
     217 
  
    Other 
     349  
     513 
  
    Total 
    $670  
    $1,386 

12) Provision for Income Taxes

The Company accounts for income taxes in accordance
with FASB ASC Topic 740, Income Taxes. Deferred income taxes reflect the net tax effects of temporary differences between the carrying
amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Management evaluates
all available evidence about future taxable income and other possible sources of realization of deferred tax assets. A valuation allowance
is established to reduced tax assets to an amount that represents management’s best estimate of the amount of such deferred tax
assets that more likely than not will be realized. To the extent the Company establishes a valuation allowance or increased the allowance
in any given period, an expense is recognized within the provision for income taxes in the statement of income.

The Company recognizes the tax benefit from uncertain
tax position only if it is more likely than not that the tax position will be sustained on examination by the tax authorities, based on
the technical merits of the position. The tax benefit is measured based on the largest benefit that has a greater than 50 percent likelihood
of being realized upon ultimate settlement. The Company recognizes interest and penalties related to income tax matters as other expense
in the statement of income. Based on management’s evaluations, there are no uncertain tax positions requiring recognition