$HCTI
Healthcare Triangle, Inc.

2024 Q3 Form 10-Q Financial Statement

#000121390024070692 Filed on August 19, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q2
Revenue $2.413M $2.984M $8.526M
YoY Change -68.98% -65.0% -26.42%
Cost Of Revenue $1.691M $2.086M $6.579M
YoY Change -72.15% -68.29% -21.95%
Gross Profit $722.0K $898.0K $1.947M
YoY Change -57.7% -53.88% -38.37%
Gross Profit Margin 29.92% 30.09% 22.84%
Selling, General & Admin $1.371M $1.535M $2.638M
YoY Change -44.49% -41.81% -14.96%
% of Gross Profit 189.89% 170.94% 135.49%
Research & Development $175.0K $207.0K $102.0K
YoY Change 224.07% 102.94% -84.21%
% of Gross Profit 24.24% 23.05% 5.24%
Depreciation & Amortization $343.0K $9.000K $802.0K
YoY Change -51.69% -98.88% -4.98%
% of Gross Profit 47.51% 1.0% 41.19%
Operating Expenses $1.889M $2.276M $3.542M
YoY Change -41.54% -35.74% -22.87%
Operating Profit -$1.167M -$1.378M -$1.595M
YoY Change -23.43% -13.61% 11.3%
Interest Expense -$80.00K -$131.0K -$186.0K
YoY Change -80.95% -29.57% -420.69%
% of Operating Profit
Other Income/Expense, Net $0.00
YoY Change -100.0%
Pretax Income -$1.247M -$1.509M -$1.781M
YoY Change -35.69% -15.27% 340.84%
Income Tax $2.000K $1.000K $5.000K
% Of Pretax Income
Net Earnings -$1.249M -$1.510M -$1.786M
YoY Change -35.72% -15.45% 340.99%
Net Earnings / Revenue -51.76% -50.6% -20.95%
Basic Earnings Per Share -$0.22 -$0.28 -$0.42
Diluted Earnings Per Share -$0.22 -$0.28 -$0.42
COMMON SHARES
Basic Shares Outstanding 5.667M shares 5.617M shares 42.78M shares
Diluted Shares Outstanding 5.666M shares 5.316M shares 4.273M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $28.00K $29.00K $132.0K
YoY Change -65.0% -78.03% -90.32%
Cash & Equivalents $28.00K $29.00K $132.0K
Short-Term Investments
Other Short-Term Assets $146.0K $299.0K $816.0K
YoY Change -76.53% -63.36% 22.16%
Inventory
Prepaid Expenses
Receivables $1.610M $2.005M $4.476M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.784M $2.333M $5.424M
YoY Change -63.54% -56.99% -36.77%
LONG-TERM ASSETS
Property, Plant & Equipment $17.00K $24.00K $57.00K
YoY Change -65.31% -57.89% -29.63%
Goodwill $1.289M
YoY Change 0.0%
Intangibles $2.965M $3.301M
YoY Change
Long-Term Investments
YoY Change
Other Assets -$1.000M
YoY Change
Total Long-Term Assets $2.982M $3.688M $10.64M
YoY Change -68.85% -65.35% -22.93%
TOTAL ASSETS
Total Short-Term Assets $1.784M $2.333M $5.424M
Total Long-Term Assets $2.982M $3.688M $10.64M
Total Assets $4.766M $6.021M $16.07M
YoY Change -67.05% -62.53% -28.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.298M $1.937M $926.0K
YoY Change 97.93% 109.18% -27.09%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $1.082M $1.726M $3.531M
YoY Change -68.9% -51.12% 9.93%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.084M $6.167M $5.790M
YoY Change -11.21% 6.51% -4.39%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $500.0K $500.0K $2.227M
YoY Change -66.44% -77.55% 0.0%
Total Long-Term Liabilities $500.0K $500.0K $2.227M
YoY Change -66.44% -77.55% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.084M $6.167M $5.790M
Total Long-Term Liabilities $500.0K $500.0K $2.227M
Total Liabilities $6.584M $6.667M $8.017M
YoY Change -21.05% -16.84% -3.21%
SHAREHOLDERS EQUITY
Retained Earnings -$29.53M -$28.28M -$17.63M
YoY Change 50.83% 60.37% 247.09%
Common Stock $0.00 $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.818M -$646.0K $8.051M
YoY Change
Total Liabilities & Shareholders Equity $4.766M $6.021M $16.07M
YoY Change -67.05% -62.53% -28.23%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q2
OPERATING ACTIVITIES
Net Income -$1.249M -$1.510M -$1.786M
YoY Change -35.72% -15.45% 340.99%
Depreciation, Depletion And Amortization $343.0K $9.000K $802.0K
YoY Change -51.69% -98.88% -4.98%
Cash From Operating Activities $715.0K -$935.0K -$1.221M
YoY Change -23.42% -507.0%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -716.0K 663.0K 1.086M
YoY Change 1332.0% -38.95% -27.74%
NET CHANGE
Cash From Operating Activities 715.0K -935.0K -1.221M
Cash From Investing Activities 0.000
Cash From Financing Activities -716.0K 663.0K 1.086M
Net Change In Cash -1.000K -272.0K -135.0K
YoY Change -98.33% 101.48% -32.16%
FREE CASH FLOW
Cash From Operating Activities $715.0K -$935.0K -$1.221M
Capital Expenditures $0.00
Free Cash Flow -$1.221M
YoY Change -153.04%

Facts In Submission

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dei Document Period End Date
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2024-06-30
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dei Document Transition Report
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dei Entity File Number
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dei Entity Registrant Name
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HEALTHCARE TRIANGLE, INC.
dei Entity Incorporation State Country Code
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DE
dei Entity Tax Identification Number
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132000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
280000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
248000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
6000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
24000 usd
us-gaap Stock Issued1
StockIssued1
1181000 usd
CY2023Q4 us-gaap Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
1181250 usd
CY2024Q2 us-gaap Other Additional Capital
OtherAdditionalCapital
5000000 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Use of Estimates</i></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements is in conformity with GAAP, which requires us to make estimates, judgments and assumptions that affect the financial statements and the notes thereto. These estimates are based on information available as of the date of the financial statements. On a regular basis, management evaluates these estimates and assumptions. Items subject to such estimates and assumptions include, but are not limited to:</span></p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">the standalone selling price for each distinct performance obligation</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">the determination of the period of benefit for amortization of deferred costs.</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">the fair value of assets acquired, and liabilities assumed for business combinations.</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Share based compensation including warrants</span></td></tr> </table>
us-gaap Gross Profit
GrossProfit
1070000000.00 usd
CY2024Q2 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
1000000000 usd
CY2024Q2 us-gaap Revenues
Revenues
2984000 usd
CY2023Q2 us-gaap Revenues
Revenues
8526000 usd
CY2024Q2 hcti Changes In Revenue
ChangesInRevenue
-5542000 usd
CY2024Q2 hcti Percentage Of Changes In Revenue
PercentageOfChangesInRevenue
-0.65 pure
us-gaap Revenues
Revenues
7093000 usd
us-gaap Revenues
Revenues
18364000 usd
hcti Changes In Revenue
ChangesInRevenue
-11271000 usd
hcti Percentage Of Changes In Revenue
PercentageOfChangesInRevenue
-0.61 pure
CY2024Q2 hcti Segment Operatingloss Profit
SegmentOperatinglossProfit
355000 usd
CY2023Q2 hcti Segment Operatingloss Profit
SegmentOperatinglossProfit
262000 usd
CY2024Q2 hcti Changes In Segment Operatingloss Profit
ChangesInSegmentOperatinglossProfit
93000 usd
CY2024Q2 hcti Percentage Of Changes In Segment Operating Loss Profit
PercentageOfChangesInSegmentOperatingLossProfit
0.35 pure
CY2024Q2 hcti Unallocated Costsvalue
UnallocatedCostsvalue
1733000 usd
CY2023Q2 hcti Unallocated Costsvalue
UnallocatedCostsvalue
1857000 usd
CY2024Q2 hcti Changes In Unallocated Costs
ChangesInUnallocatedCosts
-124000 usd
CY2024Q2 hcti Percentage Of Unallocated Costs
PercentageOfUnallocatedCosts
-0.07 pure
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-1378000 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-1595000 usd
CY2024Q2 hcti Changes In Incomeloss From Operations
ChangesInIncomelossFromOperations
217000 usd
CY2024Q2 hcti Percentage Of Incomeloss From Operations
PercentageOfIncomelossFromOperations
0.14 pure
CY2024Q2 hcti Other Income Percentage Changes
OtherIncomePercentageChanges
0 pure
CY2024Q2 us-gaap Interest Expense
InterestExpense
-131000 usd
CY2023Q2 us-gaap Interest Expense
InterestExpense
-186000 usd
CY2024Q2 hcti Changes In Interest Expense
ChangesInInterestExpense
55000 usd
CY2024Q2 hcti Percentage Of Interest Expense
PercentageOfInterestExpense
0.30 pure
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1509000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1781000 usd
CY2024Q2 hcti Changes In Net Incomeloss Before Income Tax Expenses
ChangesInNetIncomelossBeforeIncomeTaxExpenses
272000 usd
CY2024Q2 hcti Percentage Of Net Incomeloss Before Income Tax Expenses
PercentageOfNetIncomelossBeforeIncomeTaxExpenses
0.15 pure
hcti Segment Operatingloss Profit
SegmentOperatinglossProfit
465000 usd
hcti Segment Operatingloss Profit
SegmentOperatinglossProfit
-784000 usd
hcti Changes In Segment Operatingloss Profit
ChangesInSegmentOperatinglossProfit
1249000 usd
hcti Percentage Of Changes In Segment Operating Loss Profit
PercentageOfChangesInSegmentOperatingLossProfit
1.59 pure
hcti Unallocated Costsvalue
UnallocatedCostsvalue
3552000 usd
hcti Unallocated Costsvalue
UnallocatedCostsvalue
4020000 usd
hcti Changes In Unallocated Costs
ChangesInUnallocatedCosts
-468000 usd
hcti Percentage Of Unallocated Costs
PercentageOfUnallocatedCosts
-0.12 pure
us-gaap Operating Income Loss
OperatingIncomeLoss
-3087000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-4804000 usd
hcti Changes In Incomeloss From Operations
ChangesInIncomelossFromOperations
1717000 usd
hcti Percentage Of Incomeloss From Operations
PercentageOfIncomelossFromOperations
0.36 pure
us-gaap Other Noncash Income
OtherNoncashIncome
12000 usd
hcti Changes Amount Other Income
ChangesAmountOtherIncome
-12000 usd
hcti Other Income Percentage Changes
OtherIncomePercentageChanges
-1 pure
us-gaap Interest Expense
InterestExpense
-279000 usd
us-gaap Interest Expense
InterestExpense
-248000 usd
hcti Changes In Interest Expense
ChangesInInterestExpense
-31000 usd
hcti Percentage Of Interest Expense
PercentageOfInterestExpense
-0.13 pure
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3366000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-5040000 usd
hcti Changes In Net Incomeloss Before Income Tax Expenses
ChangesInNetIncomelossBeforeIncomeTaxExpenses
1674000 usd
hcti Percentage Of Net Incomeloss Before Income Tax Expenses
PercentageOfNetIncomelossBeforeIncomeTaxExpenses
0.33 pure
CY2024Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2005000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3236000 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
222000 usd
CY2024Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
1333000 usd
CY2024Q2 us-gaap Asset Acquisition Contingent Consideration Liability Noncurrent
AssetAcquisitionContingentConsiderationLiabilityNoncurrent
500000 usd
us-gaap Advertising Expense
AdvertisingExpense
145000 usd
us-gaap Advertising Expense
AdvertisingExpense
97 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Concentrations</b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and trade receivables. Credit risks associated with trade receivables is minimal due to the Company’s customer base which consist of large customer base and ongoing procedures, which monitor the credit worthiness of its customers. For the quarter ended June 30, 2024 and 2023 revenue from the top five customers accounted for approximately 68% and 81% of total revenue respectively. For the quarter ended June 30, 2024 and year ended December 31, 2023 accounts receivable from five major customers accounted for approximately 72% and 78% of the total accounts receivables.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company maintains cash balances in various financial institutions. The balances are generally insured by the Federal Deposit Insurance Corporation up to $250,000 (valid through June 30, 2024) per institution.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of June 30, 2024 and December 31, 2023, the Company had $0 and $667 respectively, of uninsured cash balances. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk on cash.</span></p>
CY2024Q2 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000000 usd
CY2024Q2 us-gaap Cash Uninsured Amount
CashUninsuredAmount
0 usd
CY2023Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
667000 usd
CY2024Q2 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
132000 usd
CY2023Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
132000 usd
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
108000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
88000 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
24000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
44000 usd
CY2024Q2 us-gaap Depreciation
Depreciation
9000 usd
us-gaap Depreciation
Depreciation
10000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
15887000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
12586000 usd
CY2024Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3301000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
15887000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
11915000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3972000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
336000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
792000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
672000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1343000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1286000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3301000 usd
hcti Operating Leases Rent Expenses Net
OperatingLeasesRentExpensesNet
34000 usd
hcti Operating Leases Rent Expenses Net
OperatingLeasesRentExpensesNet
67000 usd
hcti Unvested Common Stock
UnvestedCommonStock
8372 shares
hcti Earnout Payment
EarnoutPayment
2500000 usd
CY2024Q2 us-gaap Goodwill Gross
GoodwillGross
1289000 usd
CY2024Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Indefinite Lived Intangible Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIndefiniteLivedIntangibleAssets
6018000 usd
CY2024Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
1289000 usd
CY2024Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
970000 usd
CY2024Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
3142000 usd
CY2024Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther
11419000 usd
CY2024Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
758000 usd
CY2024Q2 hcti Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Short Term Borrowing
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesShortTermBorrowing
2209000 usd
CY2024Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther
679000 usd
CY2024Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities
3646000 usd
CY2024Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
7773000 usd
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
7773000 usd
CY2024Q2 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
585000 usd
CY2023Q4 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
1112000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
888000 usd
CY2024Q2 us-gaap Convertible Debt
ConvertibleDebt
585000 usd
CY2023Q4 us-gaap Convertible Debt
ConvertibleDebt
2000000 usd
CY2024Q2 us-gaap Debt Instrument Convertible Liquidation Preference Per Share
DebtInstrumentConvertibleLiquidationPreferencePerShare
7.99
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
190000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
190000 usd
CY2024Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
1333000 usd
CY2024Q2 us-gaap Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
0.01 pure
CY2024Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
1726000 usd
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
3429000 usd
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.50 pure
CY2024Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
4042000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
3322000 usd
CY2024Q2 hcti Deferred Tax Assets Tax Stockbased Compensation Stockbased Compensation
DeferredTaxAssetsTaxStockbasedCompensationStockbasedCompensation
14000 usd
CY2023Q4 hcti Deferred Tax Assets Tax Stockbased Compensation Stockbased Compensation
DeferredTaxAssetsTaxStockbasedCompensationStockbasedCompensation
18000 usd
CY2024Q2 hcti Deferred Tax Assets Tax Warrants
DeferredTaxAssetsTaxWarrants
102000 usd
CY2023Q4 hcti Deferred Tax Assets Tax Warrants
DeferredTaxAssetsTaxWarrants
172000 usd
CY2024Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
3926000 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
3132000 usd
CY2024Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3926000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3132000 usd
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1000 usd
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
5000 usd
us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
1000 usd
us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
5000 usd
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1000 usd
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
5000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
538265 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
20000 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
17110 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
535375 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
7531 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
527844 shares
CY2024Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
491000 usd
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
119000 usd
CY2024Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
94000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P2Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P2Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1510000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1786000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5316376 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4273142 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.28
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.42
CY2024Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
50000 shares
CY2024Q2 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
0.48
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
usd
CY2024Q2 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2024Q2 us-gaap Common Stock Value
CommonStockValue
usd
CY2024Q2 us-gaap Other Income
OtherIncome
usd
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.28
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.42
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.69
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.20
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4229782 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4273142 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4885810 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5316376 shares
CY2023Q2 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Net Cash Provided By Used In Investing Activities
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