Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 409

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 409
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     - 
  
    5,666,781 and 4,308,822 shares issued and outstanding 
     -  
     - 
  
    Additional paid-in capital 
     21,022  
     26,211 
  
    Retained earnings 
     (33,571) 
     (27,602)
  
    Total stockholders’ equity (deficit) 
     (5,114) 
     (1,391)
  
    Total liabilities and stockholders’ equity (deficit) 
    $1,961  
    $6,858 

The accompanying notes are an integral part of
these consolidated financial statements.

F-3

HEALTHCARE TRIANGLE INC

Consolidated Statements of Operations

    Years Ended 

    December 31, 

    2024  
    2023 

    (In thousands) 
  
    Net revenue 
    $11,696  
    $33,203 
  
    Cost of revenue (exclusive of depreciation and amortization shown separately below) 
     8,806  
     26,426 
  
    Operating expenses 

    Bad debt expense 
     170  
     - 
  
    Research and development 
     429  
     799 
  
    Sales and marketing 
     2,203  
     4,670 
  
    General and administrative 
     3,950  
     5,727 
  
    Depreciation and amortization 
     889  
     1,566 
  
    Impairment expense 
     -  
     1,710 
  
    Total operating expenses 
     7,641  
     14,472 
  
    Loss from operation 
     (4,751) 
     (7,695)
  
    Other income 
     7  
     12 
  
    Interest expense 
     (1,213) 
     (968)
  
    Loss before income tax 
     (5,957) 
     (8,651)
  
    Provision for income tax 
     (12) 
     (35)
  
    Net loss 
    $(5,969) 
    $(8,686)
  
    Other
                                            comprehensive loss 

    Deemed
dividend
 
     (7,435) 
     -