Company: SYRA
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001493152-25-009873
Chunk: 271

Company: Syra Health Corp
Filing Date: 2025-03-11
Form: 10-K
Item: Item 1A
Chunk 271
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 our revenues and 56% and 30% of our accounts
receivable, respectively, as due from the combined divisions (NeuroDiagnostic Institute and Division of Mental Health and Addiction)
of the FSSA. It is possible that any of our large customers could decide to terminate their relationship with us in the future. The loss
of one or both of our top customers, or a substantial decrease in demand by any of those customers for our services and solutions, could
have a material adverse effect on our business, results of operations and financial condition.

Risks
Related to Government Regulations

We
are subject to federal and state healthcare industry regulation including conduct of operations, costs and payment for services and payment
for referrals as well as laws regarding government contracting.

The
healthcare industry is subject to extensive and complex federal and state laws and regulations related to conduct of operations, costs
and payment for services and payment for referrals. We provide talent solutions on a contract basis to our clients, who pay us directly.
Accordingly, Medicare, Medicaid and insurance reimbursement policy changes generally do not directly impact us. Nevertheless, reimbursement
changes in government programs, particularly Medicare and Medicaid, can and do indirectly affect the demand and the prices paid for our
services. For example, our clients could receive reduced or no reimbursements because of a change in the rates or conditions set by federal
or state governments that would negatively affect the demand and the prices for our services. Moreover, our hospital, healthcare facility
and physician practice group clients could suffer civil and criminal penalties, and be excluded from participating in Medicare, Medicaid
and other healthcare programs for failure to comply with applicable laws and regulations that may negatively affect our profitability.

A
portion of our hospital and healthcare facility clients are state and federal government agencies, where our ability to compete for new
contracts and orders, and the profitability of these contracts and orders, may be affected by government legislation, regulation or policy.
Additionally, in providing services to state and federal government clients and to clients who participate in state and federal programs,
we are also subject to specific laws and regulations, which government agencies have broad latitude to enforce. If we were to be excluded
from participation in these programs or should there be regulatory or policy changes or modification of application of existing regulations
adverse to us, it would likely materially adversely affect our brand, business, results of operations and cash flows.

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Risks
Related to Our Class A Common Stock

Nasdaq
may delist our Class A common stock from