Company: HCTI
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109581
Chunk: 167

Company: Healthcare Triangle, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 2
Chunk 167
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 Three months ended September 30, 2025
  
    Particulars 
    Software Services  
    Managed Services  
    Corporate and others  
    Total 
  
    Revenue from customers 
    $1,977  
    $1,379  
    $133  
    $3,489 
  
    Cost of revenue 
     (1,667) 
     (1,092) 
     (112) 
     (2,871)
  
    Segmental gross profit 
    $310  
    $287  
    $21  
    $618 
  
    Net loss 
    $(1,050) 
    $(662) 
    $(194) 
    $(1,906)

Due from related parties:

On January 1, 2025, the Company entered into a
Master Service Agreement with Securekloud Technologies Inc. (“SKI”) and Securekloud Technologies Limited (“SKL). The
initial term of the agreement is twenty-four months, which is extendable based on mutual consent. As per the Master Services Agreement,
SKI and SKL provide technical resources according to the statement of work from the Company.

In addition, on January 1, 2025, the Company
entered into a Rental Sublease Agreement with Securekloud Technologies Inc. (“SKI”), The initial term of the agreement between
SKI and the principal lessor is twenty-four months, which is extendable based on mutual consent. As per the terms of the Rental Sublease
Agreement, the cost incurred by SKI on behalf of the Company are settled at cost.

41

The balance outstanding from the affiliates as of September 30, 2025
is $3,502 as compared to $497 as of December 31, 2024. The balance as at September 30, 2025 is unsecured, non-interest bearing and is
expected to be settled within six months from the balance sheet date, as outlined below 

 -SecureKloud Technologies Limited(*)   (public company in India) balance
outstanding as of September 30, 2025 is $3,287 (including the balance previously owed by SecureKloud Technologies Inc.) as compared to
nil as of December 31, 2024,

 -SecureKloud Technologies, Inc.,(*) balance outstanding as of September 30, 2025
is nil as compared to $497 as of December 31, 2024, and