Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 516

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 516
---
(305) 
     (47) 
     (968)
  
    Depreciation and amortization 
     -  
     -  
     (1,566) 
     (1,566)
  
    Impairment 
     -  
     -  
     (1,710) 
     (1,710)
  
    Other income 
     8  
     3  
     1  
     12 
  
    Income before income taxes 
     (3,678) 
     (917) 
     (4,056) 
     (8,651)
  
    Income tax 
     22  
     11  
     2  
     35 
  
    Income after income taxes 
     (3,700) 
     (928) 
     (4,058) 
    $(8,686)

F-10

Revenue from top 5 customers

Twelve Months Ended December 31,

2024

    Customer 
    Amount
(in thousands)  
    % of
Revenue 
  
    Customer 1 
    $1,945  
     17%
  
    Customer 2 
     1,911  
     16%
  
    Customer 3 
     1,233  
     11%
  
    Customer 4 
     877  
     7%
  
    Customer 5 
    $847  
     7%

2023 

    Customer 
    Amount
(in thousands)  
    % of
Revenue 
  
    Customer 1 
    $17,322  
     52%
  
    Customer 2 
     3,114  
     9%
  
    Customer 3 
     2,286  
     7%
  
    Customer 4 
     2,011  
     6%
  
    Customer 5 
    $1,751  
     5%

Revenue Recognition

We recognize revenues as we transfer control of
deliverables (services, solutions, and platform) to our clients in an amount reflecting the consideration to which we expect to be entitled.
To recognize revenues, we apply the following five step approach: (1) identify the contract with a customer, (2) identify the performance
obligations in the contract, (3) determine the transaction price, (4) allocate