Company: SYRA
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-022023
Chunk: 59

Company: Syra Health Corp
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 8
Chunk 59
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    September
    30, 

    2025  
    2024 
  
    Operating lease cost: 

    Amortization
    of ROU asset 
    $86,551  
    $96,825 
  
    Interest
    on lease liability 
     3,070  
     1,065 
  
    Total
    operating lease cost 
    $89,621  
    $97,890 

    2025  
    2024 

    For
                                            the Three Months Ended 

    September
    30, 

    2025  
    2024 
  
    Operating lease cost: 

    Amortization
    of ROU asset 
    $22,074  
    $33,627 
  
    Interest
    on lease liability 
     294  
     - 
  
    Total
    operating lease cost 
    $22,368  
    $33,627 

Supplemental
balance sheet information related to leases was as follows:

 Schedule of Supplemental Balance Sheet Information

    September 30, 2025  
    December 31, 2024 
  
    Operating lease: 

    Operating lease assets 
    $43,450  
    $299,190 

    Current portion of operating lease liability, related party 
    $43,450  
     111,978 
  
    Noncurrent operating lease liability, related party 
     -  
     187,212 
  
    Total operating lease liability 
    $43,450  
    $299,190 

    Weighted average remaining lease term: 

    Operating leases 
     0.67 years  
     2.50 years 

    Weighted average discount rate: 

    Operating lease 
     7.25% 
     9.25%

    F-13

Note
9 – Notes Payable

Insurance
Notes Payable

In
2024, the Company entered into two insurance policy financing arrangements to purchase various insurance policies. The total principal
of these arrangements was $378,659 with interest rates of 10.350% and 10.50% and monthly payments of $11,783 and $19,171 due through
July 2025. The Company made principal repayments of $152,887 and incurred interest expense of $4,878