Company: HCTI
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045994
Chunk: 47

Company: Healthcare Triangle, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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 Total cash, cash equivalents and short-term investments
     
    $
    6,826

    $
    301

As of March 31, 2025, our principal sources of
liquidity for working capital purposes were cash, cash equivalents and short-term investments totaling $6.8 million.

We have financed our operations primarily through
financing activity and operating cash flows. We believe our existing cash, cash equivalents and short-term investments generated from
operations will be sufficient to meet our working capital over the next 12 months. Our future capital requirements will depend on many
factors including our growth rate, subscription renewal activity, the expansion of sales and marketing activities and the ongoing investments
in platform development.

Cash Flows

The following table presents a summary of our
consolidated cash flows provided by (used in) operating, investing, and financing activities for the periods indicated:

    As of  March 31, 2025  
    As of  March 31, 2024 

    (In thousands) 
  
    Cash flows used in operating activities 
    $(5,557) 
    $(50)
  
    Cash flows used in investing activities 
     —  
     — 
  
    Cash flows provided by / (used in) financing activities 
     12,363  
     (883)
  
    Net increase in cash and cash equivalents 
    $6,805  
    $(933)

37

Operating Activities

Net cash used in operating activities during the
three months ended March 31, 2025, was $5.55 million compared to $0.05 million for the three months ended March 31, 2024.

Investing Activities

Net cash used in investing activities was $0 for
the three months ended March 31, 2025, compared to $0 million for the three months ended March 31, 2024.

Financing Activities 

Cash outflow/inflow from financing activities
was $12.36 million for the three months ended March 31, 2025, compared to $(0.90) million for the three months ended March 31, 2024.

Off-Balance Sheet Arrangements 

We do not have any relationships with unconsolidated
organizations or financial partnerships, such as structured finance or special purpose entities that would have been established for the
purpose of facilitating off-balance sheet arrangements or other contractually narrow or limited purposes as defined by Item 303(a