Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 731

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 731
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 of $500,000
as an OID and repaid the note value of $1,500,000 on March 7, 2025.   

The Company has amortized $277,000 of debt discount during the period ended December 31, 2024, and $0 for the year ended December 31, 2023. The debt discount is being amortized over the life of the loan.

    Convertible Note 
    2024  
    2023 
  
    Short-term borrowing 
    $2,061  
     1,112 
  
    Long-term borrowing 
     -  
     97 
  
    Convertible note outstanding 
    $2,061  
     1,209 

The long-term portion of this convertible debt was $0 as of December
31, 2024, and $97 as of December 31, 2023.

Aggregate maturities of convertible notes
payable are as follows:

For the twelve months ended, December 31,

    2024 
    $2,061 
  
    2025 
    $- 
  
    Total 
    $2,061 

    Convertible Note 
    2024  
    2023 
  
    Convertible notes payable 1 
    $2,375  
    $2,000 
  
    Less: discount 
     314  
     791 
  
    Notes payable, net of discount 1-2 
     2,061  
     1,209 
  
    Notes payable, current portion, net of discount 
     2,061  
     1,112 
  
    Notes payable, long-term portion, net of discount 
    $-  
    $97 

F-22

B. Common Stock Warrants

On December 28, 2023, the Company issued Senior
Secured 15% Original Issue Discount Convertible Promissory Note for an initial amount of $2,000,000 of convertible notes with an annual
interest rate of 18% and a maturity term of 18 months. In connection with this issuance, the Company also issued 357,500 warrants, each
allowing the holder to purchase shares of the Company’s common stock at an exercise price of $3.44688, exercisable until December
28, 2028.

The Company recorded $435,000 as debt discount
and an