Company: HCTI
Filing Date: 2025-02-18
Form Type: 10-K/A
Source: 0001213900-25-014503
Chunk: 122

Company: Healthcare Triangle, Inc.
Filing Date: 2025-02-18
Form: 10-K/A
Chunk 122
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 Master Services Agreement with its Ultimate Parent during the current year. As per the Master Services Agreement, the Ultimate Parent provides administrative and technical services. The initial period of the agreement is for a period of three years which is extendable based on mutual consent. The Company received services amounting to $650 and $0 for the year ended December 31, 2023, and 2022 respectively. The Company has paid for these services during the year and there is no outstanding balance as at the year end. The balance receivable from related parties as of December 31, 2023, was $304 and for the year ended December 31, 2022 was $1,075. The amount represents advance payment towards project related services. Item 14. Principal Accountant Fees and Services Audit and Non-Audit Fees The table below presents the aggregate fees billed for professional services rendered by BF Borgers CPA PC(“Borgers”) and M&K CPAS P LLC for the years ended December 31, 2023 and 2022.

|                     |     |   |    2023 |     |   |    2022 |
|:--------------------|:----|:--|--------:|:----|:--|--------:|
| Audit fees          |     | $ | 583,000 |     | $ | 165,875 |
| Administrative fees |     | $ |  28,500 |     | $ |       - |
| All other fees      |     |   |       - |     |   |         |
| Total fees          |     | $ | 611,500 |     | $ | 165,875 |

In the above table, “audit fees” are fees billed for services provided related to the audit of our annual financial statements, quarterly reviews of our interim financial statements, and services normally provided by the independent accountant in connection with regulatory filings or engagements for those fiscal periods. “Administrative fees” are fees not included in audit fees that are billed by the independent accountant for assurance and related services that are reasonably related to the performance of the audit or review of our financial statements. These audit-related fees also consist of the review of our registration statements filed with the SEC and related services normally provided in connection with regulatory filings or engagements. “All other fees” are fees billed by the independent accountant for products and services not included in the foregoing categories. 59 PART IV Item 15. Exhibits, Financial Statement Schedules. (a) The following documents