Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 415

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 415
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, for example, because push down accounting had
not been applied, then the financial statements of the receiving entity shall reflect the transferred assets and liabilities at the historical
cost of the parent of the entities under common control.”

Accounting Policies

Use of Estimates

The preparation of financial statements is in
conformity with GAAP which requires us to make estimates, judgments and assumptions that affect the financial statements and the notes
thereto. These estimates are based on information available as of the date of the financial statements. On a regular basis, management
evaluates these estimates and assumptions. Items subject to such estimates and assumptions include, but are not limited to:

    ●
    the standalone selling price for each distinct performance obligation

    ●
    the determination of the period of benefit for amortization of deferred costs

    ●
    the fair value of assets acquired, and liabilities assumed for business combinations.

    ●
    Share based compensation including warrants

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.

F-8

Emerging Growth Company Status

We are an “emerging growth company,”
as defined in the Jumpstart Our Business Startups Act of 2012. We will remain an emerging growth company until the earlier of (i) December
21, 2026 (the last day of the fiscal year following the fifth anniversary of our IPO), (ii) the last day of the first fiscal year in which
we have total annual gross revenue of at least $1.07 billion, (iii) the last day of the first fiscal year in which we are deemed to be
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