Company: SYRA
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001493152-25-009873
Chunk: 164

Company: Syra Health Corp
Filing Date: 2025-03-11
Form: 10-K
Item: Item 1
Chunk 164
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 government authorities and the public of such interactions, and the adoption of compliance standards
or programs. Furthermore, the U.S. Foreign Corrupt Practices Act (“FCPA”) prohibits U.S. corporations and their representatives
from offering, promising, authorizing or making payments to any foreign government official, government staff member, political party
or political candidate to obtain or retain business abroad. The scope of the FCPA includes interactions with certain healthcare professionals
in many countries. Other countries have enacted similar anti-corruption laws and/or regulations.

Data
Security and Privacy: We are subject to a variety of privacy and data protection laws that change frequently and have requirements
that vary from jurisdiction to jurisdiction. For example, under HIPAA we must maintain administrative, physical, and technological safeguards
to protect individually identifiable health information (“protected health information”) and ensure the confidentiality,
integrity, and availability of electronic protected health information. We are subject to significant compliance obligations under privacy
laws some of which prohibit the transfer of personal information to certain other jurisdictions or otherwise limit our use of data. Many
of these laws also require us to provide access or other data rights (modification, deletion, portability, etc.) to consumers’
and patients’ individual personal data records within specified periods of time. Laws such as the federal Cyber Incident Reporting
for Critical Infrastructure Act of 2022 may require us to provide notifications of significant data privacy breaches or cybersecurity
incidents before our investigations are complete. We are subject to privacy and data protection compliance audits or investigations by
various government agencies. Failure to comply with these laws subjects us to potential regulatory enforcement activity, fines, private
litigation including class actions, reputational impacts, and other costs. We may also have contractual obligations that might be breached
if we fail to comply with privacy and data security laws.

Employees

As
of March 7, 2025, we employed 57 full-time employees and 37 part-time employees. We are not a party to any collective bargaining agreements,
and we believe that we maintain good relations with our employees.

Our
Corporate History

We
were organized on November 20, 2020, as an Indiana corporation under the name Syra Health Corp. On March 11, 2022, we filed a Certificate
of Conversion with the Delaware Secretary of State whereby we converted from an Indiana corporation to a Delaware corporation.

Available
Information

Our
annual report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8