Company: SYRA
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001493152-25-009873
Chunk: 639

Company: Syra Health Corp
Filing Date: 2025-03-11
Form: 10-K
Item: Item 5
Chunk 639
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 entitled to share equally,
on a per share basis, in all assets of the Company of whatever kind available for distribution to the holders of common stock. The two-class
method requires earnings for the period to be allocated between common stock and participating securities based upon their respective
rights to receive distributed and undistributed earnings.

Under
the two-class method, for periods with net income, basic net income per common share is computed by dividing the net income attributable
to common stockholders by the weighted average number of shares of common stock outstanding during the period. Net income attributable
to common stockholders is computed by subtracting from net income the portion of current period earnings that the participating securities
would have been entitled to receive pursuant to their dividend rights had all of the period’s earnings been distributed. No such
adjustment to earnings is made during periods with a net loss, as the holders of the participating securities have no obligation to fund
losses.

The
Company reports the more dilutive of the approaches (two-class or “if-converted”) as its diluted net income per share during
the period. For the periods presented, potential dilutive securities had an anti-dilutive effect and were not included in the calculation
of diluted net loss per common share.

    F-12

Common
shares consisting of shares potentially dilutive that are excluded from the calculated of diluted earnings per share because they are
anti-dilutive as of December 31, 2024 and 2023 are as follows:

 Schedule of Diluted Earnings Per Share

    December 31, 2024  
    December 31, 2023 
  
    Warrants 
     8,192,967  
     1,760,350 
  
    Stock options 
     223,599  
     140,750 
  
    Total 
     8,416,566  
     1,901,100 

Note
5 – Other Current Assets

Other
current assets included the following as of December 31, 2024 and December 31, 2023:

 Schedule of Other Current Assets

    December 31,  
    December 31, 

    2024  
    2023 
  
    Federal and state income tax receivable (1)  
    $-  
    $73,069 
  
    Prepaid expenses and other current assets 
     276,563  
     316,718 
  
    Total other