Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 995

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 995
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 such accounts and believes it
is not exposed to any significant credit risk on cash.

F-16

3) Property and Equipment

Property and equipment consisted of the following at,

    December 31,  
    December 31, 

    2024  
    2023 

    (In thousands) 
  
    Furniture and Equipment 
    $132  
    $132 
  
    Less: Accumulated depreciation 
     (120) 
     (88)
  
    Net Fixed Assets 
    $12  
    $44 

Depreciation expenses for the year ended December 31, 2024, and December
31, 2023, were $32 and $48, respectively.

4) Intangible Assets

The Company’s intangible assets consist
primarily of intellectual property and customer relationship it acquired through various acquisitions. We capitalize certain costs incurred
for the platform development when it is determined that it is probable that the platform will be completed and will be used as intended.
We amortize our intangible assets that have finite lives using either the straight-line method or based on estimated future cash flows
to approximate the pattern in which the economic benefit of the asset will be utilized.

Intangible assets consist of the following:

    December 31, 2024  
    December 31, 2023 

    Weighted  

    average  

    Remaining  
    Gross  
       
    Net  
    Gross  
       
    Net 

    Useful life  
    Carrying  
    Accumulated  
    Carrying  
    Carrying  
    Accumulated  
    Carrying 

    (Years)  
    Amount  
    Amortization  
    Amount  
    Amount  
    Amortization  
    Amount 

    (In thousands)  
    (In thousands) 
  
    Customer relationships 
         -  
    $8,667  
    $8,667  
          -  
    $8,667  
    $8,667  
    $- 
  
    Intellectual property 
     -  
     5,144  
     5,144  
     -  
     5,144  
     4,431  
     713 
  
    Product development 
     -  
     477  
     477