Company: SYRA
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001493152-25-009873
Chunk: 180

Company: Syra Health Corp
Filing Date: 2025-03-11
Form: 10-K
Item: Item 1
Chunk 180
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 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.

-16-

We
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