2023 Q1 Form 10-K Financial Statement

#000160706223000154 Filed on March 28, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $9.838M $11.29M $45.89M
YoY Change -11.02% 22.89% 30.1%
Cost Of Revenue $8.245M $9.478M $34.59M
YoY Change 1.02% 36.97% 39.76%
Gross Profit $1.593M $1.814M $11.30M
YoY Change -44.96% -20.06% 7.37%
Gross Profit Margin 16.19% 16.06% 24.62%
Selling, General & Admin $3.389M $2.895M $0.00
YoY Change 9.64% -13.28% -100.0%
% of Gross Profit 212.74% 159.59% 0.0%
Research & Development $539.0K $2.770M $5.953M
YoY Change -49.44% 86.82% 13.17%
% of Gross Profit 33.84% 152.7% 52.7%
Depreciation & Amortization $874.0K $910.0K $3.374M
YoY Change 22.93% 15.44% 137.61%
% of Gross Profit 54.87% 50.17% 29.87%
Operating Expenses $4.802M $6.575M $21.71M
YoY Change -1.36% 17.21% 36.72%
Operating Profit -$3.209M -$4.761M -$10.42M
YoY Change 62.56% 42.54% 94.33%
Interest Expense $62.00K -$83.00K $212.0K
YoY Change -487.5% -4.48% -137.19%
% of Operating Profit
Other Income/Expense, Net $12.00K -$6.000K $1.081M
YoY Change
Pretax Income -$3.259M -$4.850M -$9.547M
YoY Change 63.77% 41.52% 60.99%
Income Tax $19.00K $12.00K $63.00K
% Of Pretax Income
Net Earnings -$3.278M -$4.863M -$9.610M
YoY Change 63.0% 41.1% 61.51%
Net Earnings / Revenue -33.32% -43.07% -20.94%
Basic Earnings Per Share -$0.79 -$2.63
Diluted Earnings Per Share -$0.08 -$0.13 -$0.26
COMMON SHARES
Basic Shares Outstanding 41.71M shares 41.63M shares 3.659M shares
Diluted Shares Outstanding 4.173M shares 3.659M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $267.0K $1.341M $1.341M
YoY Change -82.91% -24.22% -24.24%
Cash & Equivalents $267.0K $1.341M $1.341M
Short-Term Investments
Other Short-Term Assets $661.0K $816.0K $816.0K
YoY Change -52.55% 125.41% 126.67%
Inventory
Prepaid Expenses
Receivables $5.512M $5.592M $5.592M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $6.440M $7.749M $7.749M
YoY Change -33.57% -34.35% -34.33%
LONG-TERM ASSETS
Property, Plant & Equipment $67.00K $80.00K $80.00K
YoY Change -69.41% 8.11% -68.0%
Goodwill $1.289M $1.289M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $12.42M $13.01M $13.01M
YoY Change -1.22% 1.6% 1.59%
TOTAL ASSETS
Total Short-Term Assets $6.440M $7.749M $7.749M
Total Long-Term Assets $12.42M $13.01M $13.01M
Total Assets $18.86M $20.76M $20.76M
YoY Change -15.3% -15.64% -15.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.307M $1.481M $1.481M
YoY Change -17.12% -20.93% -20.8%
Accrued Expenses $0.00 $0.00
YoY Change -100.0% -100.0%
Deferred Revenue
YoY Change
Short-Term Debt $2.945M $2.412M $2.412M
YoY Change 6.01% 9.19% -26.46%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.330M $6.148M $6.148M
YoY Change -5.64% -1.65% -27.5%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.227M $2.227M $2.227M
YoY Change
Total Long-Term Liabilities $2.227M $2.227M $2.227M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $7.330M $6.148M $6.148M
Total Long-Term Liabilities $2.227M $2.227M $2.227M
Total Liabilities $9.557M $8.375M $8.375M
YoY Change 23.03% -1.21% -1.24%
SHAREHOLDERS EQUITY
Retained Earnings -$15.84M -$12.57M
YoY Change 371.77%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.303M $12.48M $12.39M
YoY Change
Total Liabilities & Shareholders Equity $18.86M $20.76M $20.76M
YoY Change -15.3% -15.64% -15.63%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$3.278M -$4.863M -$9.610M
YoY Change 63.0% 41.1% 61.51%
Depreciation, Depletion And Amortization $874.0K $910.0K $3.374M
YoY Change 22.93% 15.44% 137.61%
Cash From Operating Activities -$1.605M -$2.228M -$2.600M
YoY Change -631.46% -34.78% -64.33%
INVESTING ACTIVITIES
Capital Expenditures $2.000K $14.00K $3.319M
YoY Change -110.0% -100.45% -206.04%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$2.000K -$14.00K -$3.319M
YoY Change -90.0% -99.82% -56.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$5.746M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $533.0K -561.0K $5.490M
YoY Change -208.78% -104.83% -64.09%
NET CHANGE
Cash From Operating Activities -$1.605M -2.228M -$2.600M
Cash From Investing Activities -$2.000K -14.00K -$3.319M
Cash From Financing Activities $533.0K -561.0K $5.490M
Net Change In Cash -$1.074M -2.803M -$429.0K
YoY Change 416.35% -551.28% -215.95%
FREE CASH FLOW
Cash From Operating Activities -$1.605M -$2.228M -$2.600M
Capital Expenditures $2.000K $14.00K $3.319M
Free Cash Flow -$1.607M -$2.242M -$5.919M
YoY Change -599.07% 564.3% 42.28%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022 dei Entity Central Index Key
EntityCentralIndexKey
0001839285
CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
usd
CY2022Q4 HCTI Payroll Protection Program
PayrollProtectionProgram
usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
usd
CY2022Q4 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2021 us-gaap Other Income
OtherIncome
usd
CY2022 HCTI Warrant Fair Valuation Expenses
WarrantFairValuationExpenses
usd
CY2022 us-gaap Amortization Of Acquisition Costs
AmortizationOfAcquisitionCosts
usd
CY2022 HCTI Contingent Consideration
ContingentConsideration
usd
CY2022 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
usd
CY2021 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
usd
CY2021 us-gaap Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
usd
CY2022 HCTI Increase In Paycheck Protection Program Loan
IncreaseInPaycheckProtectionProgramLoan
usd
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
usd
CY2022Q4 HCTI Operating Lease Right Of Use Assets
OperatingLeaseRightOfUseAssets
usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
usd
CY2022Q4 HCTI Operating Lease Liabiliti
OperatingLeaseLiabiliti
usd
CY2022 HCTI Operating Leases Future Minimum Payment Due Current
OperatingLeasesFutureMinimumPaymentDueCurrent
usd
CY2022 HCTI Operating Leases Future Minimum Payment Due
OperatingLeasesFutureMinimumPaymentDue
usd
CY2022 HCTI Amount Representing Interest
AmountRepresentingInterest
usd
CY2022 HCTI Total Lease Obligation
TotalLeaseObligation
usd
CY2022Q4 HCTI Business Combination Working Capital
BusinessCombinationWorkingCapital
usd
CY2022Q4 HCTI Deferredtaxassetnetofvaluationallowance
Deferredtaxassetnetofvaluationallowance
usd
CY2021Q4 HCTI Deferredtaxassetnetofvaluationallowance
Deferredtaxassetnetofvaluationallowance
usd
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
usd
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
usd
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
usd
CY2022 HCTI Current Federal Tax Expense Benefits
CurrentFederalTaxExpenseBenefits
usd
CY2021 HCTI Current Federal Tax Expense Benefits
CurrentFederalTaxExpenseBenefits
usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
usd
CY2022 dei Document Type
DocumentType
10-K
CY2022 dei Document Annual Report
DocumentAnnualReport
true
CY2022 dei Document Period End Date
DocumentPeriodEndDate
2022-12-31
CY2022 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2022 dei Document Transition Report
DocumentTransitionReport
false
CY2022 dei Entity File Number
EntityFileNumber
001-40903
CY2022 dei Entity Registrant Name
EntityRegistrantName
HEALTHCARE TRIANGLE, INC.
CY2022 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2022 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
84-3559776
CY2022 dei Entity Address Address Line1
EntityAddressAddressLine1
7901 Stoneridge Drive
CY2022 dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 220
CY2022 dei Entity Address City Or Town
EntityAddressCityOrTown
Pleasanton
CY2022 dei Entity Address State Or Province
EntityAddressStateOrProvince
CA
CY2022 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
94588
CY2022 dei City Area Code
CityAreaCode
(925)
CY2022 dei Local Phone Number
LocalPhoneNumber
270-4812
CY2022 dei Security12b Title
Security12bTitle
Common Stock, $0.00001 par value
CY2022 dei Trading Symbol
TradingSymbol
HCTI
CY2022 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2022 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2022 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2022 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2022 dei Entity Small Business
EntitySmallBusiness
true
CY2022 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
CY2022 dei Entity Ex Transition Period
EntityExTransitionPeriod
false
CY2022 dei Entity Shell Company
EntityShellCompany
false
CY2022Q2 dei Entity Public Float
EntityPublicFloat
0 usd
CY2023Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
41709531 shares
CY2022 dei Auditor Name
AuditorName
BF Borgers CPA PC
CY2022 dei Auditor Firm
AuditorFirmId
5041
CY2022 dei Auditor Location
AuditorLocation
Lakewood, CO
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1341000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1770000 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
5592000 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
9672000 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
816000 usd
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
362000 usd
CY2022Q4 us-gaap Assets Current
AssetsCurrent
7749000 usd
CY2021Q4 us-gaap Assets Current
AssetsCurrent
11804000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
80000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
74000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
172000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
1289000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
1289000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10570000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10458000 usd
CY2022Q4 HCTI Due From Affiliate
DueFromAffiliate
1075000 usd
CY2021Q4 HCTI Due From Affiliate
DueFromAffiliate
816000 usd
CY2022Q4 us-gaap Assets
Assets
20763000 usd
CY2021Q4 us-gaap Assets
Assets
24613000 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1481000 usd
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1873000 usd
CY2022Q4 HCTI Warrant Liability
WarrantLiability
55000 usd
CY2021Q4 HCTI Warrant Liability
WarrantLiability
55000 usd
CY2021Q4 HCTI Payroll Protection Program
PayrollProtectionProgram
1069000 usd
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
2412000 usd
CY2021Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
2209000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
176000 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
2200000 usd
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
869000 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
6148000 usd
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
6251000 usd
CY2022Q4 us-gaap Asset Acquisition Contingent Consideration Liability
AssetAcquisitionContingentConsiderationLiability
2227000 usd
CY2021Q4 us-gaap Asset Acquisition Contingent Consideration Liability
AssetAcquisitionContingentConsiderationLiability
2227000 usd
CY2022Q4 us-gaap Liabilities
Liabilities
8375000 usd
CY2021Q4 us-gaap Liabilities
Liabilities
8478000 usd
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2022Q4 HCTI Preferred Stock Voting Shares
PreferredStockVotingShares
6000 shares
CY2021Q4 HCTI Preferred Stock Voting Shares
PreferredStockVotingShares
6000 shares
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
41709531 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
41709531 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
35260834 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
35260834 shares
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
0 usd
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
0 usd
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
24956000 usd
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
18799000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-12568000 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-2664000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
12478000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
16135000 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
20763000 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
24613000 usd
CY2022 us-gaap Revenues
Revenues
45886000 usd
CY2021 us-gaap Revenues
Revenues
35270000 usd
CY2022 us-gaap Cost Of Revenue
CostOfRevenue
34591000 usd
CY2021 us-gaap Cost Of Revenue
CostOfRevenue
24748000 usd
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5953000 usd
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5257000 usd
CY2022 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
6808000 usd
CY2021 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
4761000 usd
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5575000 usd
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4440000 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
3374000 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1422000 usd
CY2022 us-gaap Operating Expenses
OperatingExpenses
21711000 usd
CY2021 us-gaap Operating Expenses
OperatingExpenses
15880000 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-10416000 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
-5358000 usd
CY2022 us-gaap Other Income
OtherIncome
1081000 usd
CY2022 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-212000 usd
CY2021 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-567000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-9547000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-5925000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
63000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
24000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-9610000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-5949000 usd
CY2022 HCTI Net Income Per Common Sharebasic And Diluted
NetIncomePerCommonSharebasicAndDiluted
-0.262
CY2021 HCTI Net Income Per Common Sharebasic And Diluted
NetIncomePerCommonSharebasicAndDiluted
-0.202
CY2022 HCTI Weighted Average Common Shares Outstanding Basic And Diluted
WeightedAverageCommonSharesOutstandingBasicAndDiluted
36740650 shares
CY2021 HCTI Weighted Average Common Shares Outstanding Basic And Diluted
WeightedAverageCommonSharesOutstandingBasicAndDiluted
29427863 shares
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4328000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
-5949000 usd
CY2021 HCTI Shares Issued For Services To Promoter
SharesIssuedForServicesToPromoter
114000 usd
CY2021 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
1030000 usd
CY2021 HCTI Series Super Voting Preferred Stock
SeriesSuperVotingPreferredStock
0 usd
CY2021 HCTI Issue Of Options Isonso
IssueOfOptionsIsonso
52000 usd
CY2021 HCTI Ipo Proceeds
IpoProceeds
11796000 usd
CY2021 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
4064000 usd
CY2021 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
700000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
16135000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
-9609000 usd
CY2022 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
125000 usd
CY2022 HCTI Issue Of Options Isonso
IssueOfOptionsIsonso
257000 usd
CY2022 HCTI Issuance Of Common Stock In Connection With Private Placement
IssuanceOfCommonStockInConnectionWithPrivatePlacement
3580000 usd
CY2022 HCTI Issuance Of Warrants In Connection With Private Placement
IssuanceOfWarrantsInConnectionWithPrivatePlacement
2308000 usd
CY2022 HCTI Common Stock Repurchased
CommonStockRepurchased
142000 usd
CY2022 HCTI Cash Collected On Common Stock Options
CashCollectedOnCommonStockOptions
29000 usd
CY2022 HCTI Prior Period Adjustment
PriorPeriodAdjustment
-296000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
12387000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-9609000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5950000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3374000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1422000 usd
CY2022 HCTI Common Stock Issued For Services
CommonStockIssuedForServices
124000 usd
CY2021 HCTI Common Stock Issued For Services
CommonStockIssuedForServices
1144000 usd
CY2022 HCTI Income From Payroll Protection Program
IncomeFromPayrollProtectionProgram
1069000 usd
CY2022 HCTI Interest On Lease Paymentpayroll Protection Program
InterestOnLeasePaymentpayrollProtectionProgram
17000 usd
CY2021 HCTI Interest On Lease Paymentpayroll Protection Program
InterestOnLeasePaymentpayrollProtectionProgram
13000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
257000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
52000 usd
CY2021 HCTI Warrant Fair Valuation Expenses
WarrantFairValuationExpenses
55000 usd
CY2021 us-gaap Amortization Of Acquisition Costs
AmortizationOfAcquisitionCosts
102000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-4081000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3276000 usd
CY2022 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
454000 usd
CY2021 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
133000 usd
CY2022 us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
259000 usd
CY2021 us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
371000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-392000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2477000 usd
CY2022 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
1330000 usd
CY2021 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
80000 usd
CY2021 HCTI Contingent Consideration
ContingentConsideration
2227000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2600000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7112000 usd
CY2022 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
40000 usd
CY2021 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
79000 usd
CY2022 us-gaap Increase Decrease In Intangible Assets Current
IncreaseDecreaseInIntangibleAssetsCurrent
3279000 usd
CY2021 us-gaap Increase Decrease In Intangible Assets Current
IncreaseDecreaseInIntangibleAssetsCurrent
3050000 usd
CY2021 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
4500000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3319000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7629000 usd
CY2021 HCTI Increase In Capital
IncreaseInCapital
0 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
29000 usd
CY2022 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
203000 usd
CY2022 us-gaap Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
294000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
194000 usd
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
181000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
5888000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
14220000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
142000 usd
CY2021 HCTI Increase In Paycheck Protection Program Loan
IncreaseInPaycheckProtectionProgramLoan
1069000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5490000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
15108000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-429000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
367000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1770000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1403000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1341000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1770000 usd
CY2022 us-gaap Interest Expense
InterestExpense
212000 usd
CY2021 us-gaap Interest Expense
InterestExpense
567000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
63000 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
24000 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_847_eus-gaap--UseOfEstimates_z6Ot0gO66AA5" style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_865_z6K9eHfSJ8kh">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; 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; margin-top: 0pt; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">•</span></td><td style="width: 5pt"/><td style="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></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">•</span></td><td style="width: 5pt"/><td style="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></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">•</span></td><td style="width: 5pt"/><td style="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></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">•</span></td><td style="width: 5pt"/><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Share based compensation including warrants</span></td> </tr></table>
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
45886000 usd
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
35270000 usd
CY2022 HCTI Changes Amount
ChangesAmount
10616000 usd
CY2022 HCTI Changes Percentage
ChangesPercentage
0.30 pure
CY2022 HCTI Total Segment Operating Profit
TotalSegmentOperatingProfit
-1389000 usd
CY2021 HCTI Total Segment Operating Profit
TotalSegmentOperatingProfit
3635000 usd
CY2022 HCTI Total Segment Operating Profit Amount Changes
TotalSegmentOperatingProfitAmountChanges
-5024000 usd
CY2022 HCTI Total Segment Operating Profit Percentage Changes
TotalSegmentOperatingProfitPercentageChanges
-1.38 pure
CY2022 HCTI Unallocated Costs
UnallocatedCosts
9025000 usd
CY2021 HCTI Unallocated Costs
UnallocatedCosts
8993000 usd
CY2022 HCTI Less Unallocated Costs Amount Changes
LessUnallocatedCostsAmountChanges
32000 usd
CY2022 HCTI Less Unallocated Costs Percentage Changes
LessUnallocatedCostsPercentageChanges
-0 pure
CY2022 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-10414000 usd
CY2021 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-5358000 usd
CY2022 HCTI Income From Operations Amount Changes
IncomeFromOperationsAmountChanges
-5056000 usd
CY2022 HCTI Income From Operations Percentage Changes
IncomeFromOperationsPercentageChanges
-0.94 pure
CY2022 us-gaap Other Noncash Income
OtherNoncashIncome
1081000 usd
CY2021 us-gaap Other Noncash Income
OtherNoncashIncome
-0 usd
CY2022 HCTI Other Income Amount Changes
OtherIncomeAmountChanges
1081000 usd
CY2022 HCTI Other Income Percentage Changes
OtherIncomePercentageChanges
1 pure
CY2022 us-gaap Interest Expense Debt
InterestExpenseDebt
211000 usd
CY2021 us-gaap Interest Expense Debt
InterestExpenseDebt
567000 usd
CY2022 HCTI Interest Expense Amount Changes
InterestExpenseAmountChanges
-356000 usd
CY2022 HCTI Interest Expense Percentage Changes
InterestExpensePercentageChanges
0.63 pure
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-9546000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-5925000 usd
CY2022 HCTI Net Income Loss Before Income Tax Expenses Amount Changes
NetIncomeLossBeforeIncomeTaxExpensesAmountChanges
3621000 usd
CY2022 HCTI Net Income Loss Before Income Tax Expenses Percentage Changes
NetIncomeLossBeforeIncomeTaxExpensesPercentageChanges
-0.61 pure
CY2022 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
0 usd
CY2021 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
0 usd
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
5592000 usd
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
9672000 usd
CY2022Q4 HCTI Warrant Liabilities
WarrantLiabilities
55000 usd
CY2022Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
2227000 usd
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_84C_eus-gaap--ConcentrationRiskCreditRisk_zWKtIVvxUlK6" style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86A_zAFPHiEf4Xh2">Concentrations</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; 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 year ended December 31, 2022 and 2021 sales to five major customers accounted for approximately <span id="xdx_90B_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20220101__20221231__srt--MajorCustomersAxis__custom--FiveMajorCustomersMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember_zANO2SXHNH4k" title="Concentration Risk, Percentage">72</span>% and <span id="xdx_90F_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20210101__20211231__srt--MajorCustomersAxis__custom--FiveMajorCustomersMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember_zfTPp4G1JLdk" title="Concentration Risk, Percentage">66</span>% of total revenue respectively. For the year ended December 31, 2022 and year ended December 31, 2021 accounts receivable from five major customers accounted for approximately <span id="xdx_906_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20220101__20221231__srt--MajorCustomersAxis__custom--FiveMajorCustomersMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember_zE12kQJaq4rc" title="Concentration Risk, Percentage">72</span>% and <span id="xdx_90F_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20210101__20211231__srt--MajorCustomersAxis__custom--FiveMajorCustomersMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember_z93Prpic0cPe" title="Concentration Risk, Percentage">73</span>% of the total accounts receivables.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; 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 $<span id="xdx_90D_eus-gaap--CashFDICInsuredAmount_iI_pn3n3_c20221231_z2r4mo3Jpebg" title="Cash, FDIC Insured Amount">250,000</span> (valid through December 31, 2022) per institution.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, 2022, and 2021, The Company had $<span id="xdx_90C_eus-gaap--CashEquivalentsAtCarryingValue_c20221231_pn3n3" title="Cash Equivalents, at Carrying Value">652</span> and $<span id="xdx_90D_eus-gaap--CashEquivalentsAtCarryingValue_c20211231_pn3n3" title="Cash Equivalents, at Carrying Value">719</span>, 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>
CY2022Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000000 usd
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
652000 usd
CY2021Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
719000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
119000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
80000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
39000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
6000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
80000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
74000 usd
CY2022 us-gaap Depreciation
Depreciation
35000 usd
CY2021 us-gaap Depreciation
Depreciation
20000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
16473000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5903000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10570000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
13194000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2736000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10458000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3167000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1229000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths
2108000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
2114000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
2114000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
2114000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFive
2114000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingAfterYearFive
6000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10570000 usd
CY2022 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
180000 usd
CY2021 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
180000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
176000 usd
CY2021 HCTI Additions Lease Expense
AdditionsLeaseExpense
344000 usd
CY2022 HCTI Finance Cost Accrued During Year
FinanceCostAccruedDuringYear
4000 usd
CY2021 HCTI Finance Cost Accrued During Year
FinanceCostAccruedDuringYear
13000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
180000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
181000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
176000 usd
CY2022 HCTI Schedule Of Balance Sheet Releated To Leases Table Textblock
ScheduleOfBalanceSheetReleatedToLeasesTableTextblock
<table cellpadding="0" cellspacing="0" id="xdx_890_ecustom--ScheduleOfBalanceSheetReleatedToLeasesTableTextblock_pn3n3_zLigbRmPx06e" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Leases (Details 1)"> <tr style="vertical-align: bottom"> <td style="text-align: justify"><span id="xdx_8B5_zSN80dOf8o9g" style="display: none">Schedule of balance sheet related to leases</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_49B_20221231_zKnCaIYsqKg9" style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Year Ended December 31, 2022</b></span></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Leases</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_ecustom--OperatingLeaseRightOfUseAssets_iI_pn3n3_z3mVyCo4qTMe" style="vertical-align: bottom; background-color: White"> <td style="width: 70%; text-align: justify">ROU assets</td><td style="width: 10%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 18%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0840">—</span>  </td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--OperatingLeaseLiabilityCurrent_iI_pn3n3_zuS3eI08ZLc2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">lease liabilities, included in current liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0842">—</span>  </td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_pn3n3_zXWhnRKNfYri" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">lease liabilities, included in long-term liabilities</td><td> </td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"> </td><td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0844">—</span>  </td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--OperatingLeaseLiabiliti_iI_pn3n3_zqkAEd8z3lc1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Total lease liabilities</td><td> </td> <td style="border-bottom: black 2.25pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">$</td><td style="border-bottom: black 2.25pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0846">—</span>  </td><td style="text-align: left"> </td></tr> </table>
CY2022 us-gaap Payments For Leasing Costs
PaymentsForLeasingCosts
180000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
344000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P12M
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0475 pure
CY2022Q4 HCTI Due From Other Related Parties Noncurrents
DueFromOtherRelatedPartiesNoncurrents
14063000 usd
CY2021Q4 HCTI Due From Other Related Parties Noncurrents
DueFromOtherRelatedPartiesNoncurrents
13810000 usd
CY2022 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
180000 usd
CY2021 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
180000 usd
CY2022Q4 HCTI Due From Related Party
DueFromRelatedParty
479000 usd
CY2021Q4 HCTI Due From Related Party
DueFromRelatedParty
3710000 usd
CY2022 us-gaap Increase Decrease In Intangible Assets Current
IncreaseDecreaseInIntangibleAssetsCurrent
3279000 usd
CY2021 us-gaap Increase Decrease In Intangible Assets Current
IncreaseDecreaseInIntangibleAssetsCurrent
3050000 usd
CY2022Q4 HCTI Due From Affiliate
DueFromAffiliate
1075000 usd
CY2021Q4 HCTI Due From Affiliate
DueFromAffiliate
816000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
545000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
1936000 usd
CY2022 us-gaap Proceeds From Sale Of Other Assets1
ProceedsFromSaleOfOtherAssets1
4500000 usd
CY2022 HCTI Weighted Average Price Of Stock Amount
WeightedAveragePriceOfStockAmount
700000 usd
CY2022 HCTI Unvested Common Stock
UnvestedCommonStock
83718 shares
CY2022 HCTI Earnout Payment
EarnoutPayment
2500000 usd
CY2022Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
2209000 usd
CY2022 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2022-03-31
CY2022Q4 us-gaap Goodwill Gross
GoodwillGross
1289000 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Indefinite Lived Intangible Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIndefiniteLivedIntangibleAssets
6018000 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
1289000 usd
CY2022Q4 us-gaap Cash
Cash
970000 usd
CY2022Q4 HCTI Business Combination Acquisition Accounts Receivables
BusinessCombinationAcquisitionAccountsReceivables
3142000 usd
CY2022Q4 HCTI Business Combination Acquisition Other Assets Current
BusinessCombinationAcquisitionOtherAssetsCurrent
11419000 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
758000 usd
CY2022Q4 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
2209000 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther
679000 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities
3646000 usd
CY2022Q4 HCTI Net Working Capital Acquired
NetWorkingCapitalAcquired
7773000 usd
CY2022Q4 HCTI Total Business Acquisitions Purchase Price
TotalBusinessAcquisitionsPurchasePrice
7773000 usd
CY2022Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
1.066
CY2022Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.065
CY2022 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
5888000 usd
CY2022 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
376822 shares
CY2022Q4 us-gaap Share Price
SharePrice
0.62
CY2022 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
141000 usd
CY2022Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
4244000 usd
CY2022 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.10 pure
CY2022 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
0 usd
CY2022 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
0 usd
CY2021 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
318000 usd
CY2022Q4 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
2.88
CY2022 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
55000 usd
CY2022 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
1087000 usd
CY2022 us-gaap Short Term Debt Interest Rate Increase
ShortTermDebtInterestRateIncrease
0.01 pure
CY2022Q4 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
2414000 usd
CY2021Q4 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
0 usd
CY2021Q4 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
0 usd
CY2022Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
2209000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Maturity Date
DebtSecuritiesAvailableForSaleMaturityDate
2022-04-30
CY2022 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
2209000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
2578000 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1445000 usd
CY2022Q4 HCTI Stockbased Compensation
StockbasedCompensation
-27000 usd
CY2021Q4 HCTI Stockbased Compensation
StockbasedCompensation
-18000 usd
CY2022Q4 HCTI Other Income Loan Forgiveness
OtherIncomeLoanForgiveness
292000 usd
CY2021Q4 HCTI Fair Value Of Warrant
FairValueOfWarrant
-15000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
2843000 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1412000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2843000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1412000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
63000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
24000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
63000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
24000 usd
CY2022 HCTI Total Income Expenses Benefit
TotalIncomeExpensesBenefit
63000 usd
CY2021 HCTI Total Income Expenses Benefit
TotalIncomeExpensesBenefit
24000 usd
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.01 pure
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2186500 shares
CY2022 HCTI Incentive Stock Options Iso
IncentiveStockOptionsIso
449701 shares
CY2022 HCTI Nonqualified Stock Options Nso
NonqualifiedStockOptionsNso
255000 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures And Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresAndExpirations
603337 shares
CY2022 HCTI Share Based Compensation Arrangement By Share Based Payment Award Option Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionOutstandingNumber
1914864 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2085136 shares
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
121000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-9609000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-5949000 usd
CY2022 HCTI Weighted Average Shares Outstanding Used In Basic Per Common Share Computations
WeightedAverageSharesOutstandingUsedInBasicPerCommonShareComputations
36740650 shares
CY2021 HCTI Weighted Average Shares Outstanding Used In Basic Per Common Share Computations
WeightedAverageSharesOutstandingUsedInBasicPerCommonShareComputations
29427863 shares
CY2022 HCTI Weighted Average Basic Diluted Eps
WeightedAverageBasicDilutedEps
-0.26 shares
CY2021 HCTI Weighted Average Basic Diluted Eps
WeightedAverageBasicDilutedEps
-0.20 shares

Files In Submission

Name View Source Status
0001607062-23-000154-index-headers.html Edgar Link pending
0001607062-23-000154-index.html Edgar Link pending
0001607062-23-000154.txt Edgar Link pending
0001607062-23-000154-xbrl.zip Edgar Link pending
ex10_10.htm Edgar Link pending
ex10_8.htm Edgar Link pending
ex10_9.htm Edgar Link pending
ex31_1.htm Edgar Link pending
ex31_2.htm Edgar Link pending
ex32_1.htm Edgar Link pending
ex32_2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
hcti-20221231.xsd Edgar Link pending
hcti123122form10k.htm Edgar Link pending
image_002.jpg Edgar Link pending
image_003.jpg Edgar Link pending
image_004.jpg Edgar Link pending
image_005.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
hcti-20221231_lab.xml Edgar Link unprocessable
hcti-20221231_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
hcti123122form10k_htm.xml Edgar Link completed
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
hcti-20221231_def.xml Edgar Link unprocessable
hcti-20221231_pre.xml Edgar Link unprocessable