Company: HCTI
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045994
Chunk: 70

Company: Healthcare Triangle, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 8
Chunk 70
---
72) 
     (3) 
     (149)
  
    Depreciation 
     -  
     -  
     (536) 
     (536)
  
    Amortization 
     -  
     -  
     -  
     - 
  
    Other
    income 
     -  
     -  
     -  
     - 
  
    Income
    before income taxes 
     (691) 
     (493) 
     (678) 
     (1,862)
  
    Income
    tax 
     -  
     -  
      -  
     - 
  
    Income
    after income taxes 
     (691) 
     (493) 
     (678) 
     (1,862)

Revenue from top 5 customers

Three Months Ended March 31, 2025

Schedule of concentration

    Customer 
    Amount (In thousands)  
    % of
 Revenue 
  
    Customer 1 
    $        754  
     20%
  
    Customer 2 
     659  
     18%
  
    Customer 3 
     266  
     7%
  
    Customer 4 
     233  
     6%
  
    Customer 5 
    $188  
     5%

Three Months Ended March 31, 2024

Schedule of concentration

    Customer
     
    Amount
(In thousands)

    % of
 Revenue

    Customer 1
     
    $
            807

    20
    %
  
    Customer 2

    720

    18
    %
  
    Customer 3

    490

    12
    %
  
    Customer 4

    476

    12
    %
  
    Customer 5
     
    $
    332

    8
    %

9

HEALTHCARE TRIANGLE, INC.

Notes To Condensed Consolidated Financial Statements

(Unaudited)

(In thousands except share and per share data)

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: