Company: SYRA
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001493152-25-009873
Chunk: 266

Company: Syra Health Corp
Filing Date: 2025-03-11
Form: 10-K
Item: Item 1A
Chunk 266
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may be liable for the misdiagnoses, mistreatment, injury or other harm to patients resulting from the use of data that we provide to
health care providers, and any resulting claims could negatively impact our operating results and result in a decline in our stock price.

We
provide, and facilitate providing, information for use by health care providers in treating patients. If this data is incorrect or incomplete,
the patient could be misdiagnosed or mistreated resulting in adverse consequences, including death, giving rise to claims against us.
In addition, certain of our solutions relate to patient health information, and a court or government agency may take the position that
our delivery of this information exposes us to personal injury liability or other liability for wrongful delivery or handling of health
care services or erroneous health information. While we maintain liability insurance coverage in an amount that we believe is sufficient
for the risks associated with our business, we cannot assure you that this coverage will prove to be adequate or will continue to be
available on acceptable terms, if at all. A claim brought against us that is uninsured or under-insured could harm our business, financial
condition and results of operations. Even unsuccessful claims could result in substantial costs and diversion of management resources
and could cause the trading price of our common stock to decline.

Our
success depends in part on our ability to identify, recruit and retain skilled management and technical personnel. If we fail to recruit
and retain suitable candidates or if our relationship with our employees changes or deteriorates, there could be a material adverse impact
on our business, results of operations or financial condition.

We
are highly dependent upon our personnel, including Deepika Vuppalanchi, our Chief Executive Officer and Chairman. The loss of Dr. Vuppalanchi’s
services could impede the achievement of our business objectives. We have not obtained, do not own, nor are we the beneficiary of, key-person
life insurance. Furthermore, our future success depends upon our continuing ability to identify, attract, hire and retain highly qualified
personnel, including skilled management and scientific personnel, all of whom are in high demand and are often subject to competing offers.
Competition for qualified personnel in the healthcare services industry is intense, and we may not be able to hire or retain a sufficient
number of qualified personnel to meet our requirements, or be able to do so at salary, benefit and other compensation costs that are
acceptable to us. A loss of a substantial number of key or qualified employees, or an