Company: SYRA
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001493152-25-009873
Chunk: 265

Company: Syra Health Corp
Filing Date: 2025-03-11
Form: 10-K
Item: Item 1A
Chunk 265
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 governmental bodies or with certain commercial clients and could have a material
adverse effect on our business, results of operations and financial condition.

We
may be a party to legal, regulatory and other proceedings that could result in unexpected adverse outcomes.

From
time to time, we may be a party to legal and regulatory proceedings and investigations, including matters involving governmental agencies
and entities with which we do business and other proceedings and investigations arising in the ordinary course of business. In addition,
there are an increasing number of, and we may be subject to, investigations and proceedings in the healthcare industry generally that
seek recovery under the HIPAA, Anti-Kickback Statute, the False Claims Act, the Civil Money Penalty, the Stark Law, the Sunshine Act,
state laws and other statutes and regulations applicable to our business. We also may be subject to legal proceedings under non-healthcare
federal, and state laws affecting our business, such as the Telephone Consumer Protection Act, Fair Debt Collection Practices Act, Fair
Credit Reporting Act, Controlling the Assault of Non-Solicited Pornography and Marketing Act, Junk Fax Prevention Act, Foreign Corrupt
Practices Act, employment, banking and financial services and USPS laws and regulations. Such proceedings are inherently unpredictable,
and the outcome can result in verdicts and/or injunctive relief that may affect how we operate our business or we may enter into settlements
of claims for monetary payments. In some cases, substantial non-economic remedies or punitive damages may be sought. Governmental investigations,
audits and other reviews could also result in criminal penalties or other sanctions, including restrictions, changes in the way we conduct
business or exclusion from participation in government programs. We evaluate our exposure to these legal and regulatory proceedings and
intend to establish reserves for the estimated liabilities in accordance with accounting principles generally accepted in the United
States of America, as necessary. Assessing and predicting the outcome of these matters involves substantial uncertainties. Unexpected
outcomes in these legal proceedings, or changes in management’s evaluations or predictions and accompanying changes in established
reserves, could have a material adverse impact on our business, results of operations or financial condition.

Litigation
is costly, time-consuming and disruptive to normal business operations. The defence of these matters could also result in continued diversion
of our management’s time and attention away from business operations, which could also harm our business. Even if these matters
are resolved in our favor, the uncertainty and expense associated with unresolved legal proceedings could harm our business and reputation.

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We