Company: HCTI
Filing Date: 2025-02-18
Form Type: 10-K/A
Source: 0001213900-25-014503
Chunk: 65

Company: Healthcare Triangle, Inc.
Filing Date: 2025-02-18
Form: 10-K/A
Chunk 65
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 December 31, 2023, as compared to $4.3 million for the twelve months ended December 31, 2022. Interest expense

|                  |     | Twelve         
 Months Ended   
 December 31,   
 (In thousands) | 2023 |     |   | 2022 |     | Changes | Amount |     |     |   % |   |
|:-----------------|:----|:---------------|-----:|:----|:--|-----:|:----|:--------|-------:|:----|:----|----:|:--|
| Interest expense |     | $              |  968 |     | $ |  212 |     | $       |    756 |     |     | 357 | % |

Interest expenses increased by $0.7 million, or 357% to $1.0 million for the twelve months ended December 31, 2023, as compared to $0.2 million for the twelve months ended December 31, 2022, this is primarily due to short term funding. Gain on forgiveness of PPP loan

|                     |     | Twelve Months Ended 
 December            
 31,                 
 (In thousands)      
 2023                |   |     | 2022 |       |     | Changes 
 Amount  |        |   |     | % |      |    |
|:--------------------|:----|:--------------------|:--|:----|:-----|------:|:----|:--------|:-------|:--|:----|:--|:-----|:---|
| Gain on forgiveness |     | $                   | - |     | $    | 1,081 |     | $       | (1,081 | ) |     |   | (100 | )% |

The gain on forgiveness of PPP loan decreased by $1 million, or 100% to $0 million for the twelve months ended December 31, 2023, as compared to $1 million for the twelve months ended December 31, 2022. 43 Gain on revaluation

|                     |     | Twelve         
 Months Ended   
 December 31,   
 (In thousands) 
 2023           |   |     | 2022 |       |     | Changes 
 Amount  |        |     | % |      |   |
|:--------------------|:----|:---------------|:--|:----|:-----|------:|:----