Company: SYRA
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001641172-25-023235
Chunk: 88

Company: Syra Health Corp
Filing Date: 2025-08-12
Form: 10-Q
Item: Item 2
Chunk 88
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 cannot provide assurance
that such financing will be available to us on favorable terms, or at all. We will continue to monitor our expenditures and cash flow
position.

The
following table summarizes total current assets, liabilities, accumulated deficit and working capital (deficit) at June 30, 2025 and
December 31, 2024.

    June
    30,  
    December
    31, 

    2025  
    2024 
  
    Current
    Assets 
    $3,434,729  
    $3,352,795 

    Current
    Liabilities 
    $1,057,299  
    $613,549 

    Accumulated
    Deficit 
    $(9,360,054) 
    $(8,824,193)

    Working
    Capital 
    $2,377,430  
    $2,739,246 

Liquidity
is the ability of a company to generate funds to support its current and future operations, satisfy its obligations, and otherwise operate
on an ongoing basis. To date, we have funded our operations through equity and debt financings. Our primary uses of cash have been for
the development of operations, compensation, and professional fees. All funds received have been expended in the furtherance of growing
our business and establishing our services and solutions. The following trends are reasonably likely to result in a material decrease
in our liquidity over the near to long term:

    ●
    A
    substantial increase in working capital requirements to finance our operations;

    ●
    Addition
    of administrative and professional personnel as our business continues to grow;

    ●
    The
    cost of being a public company; and

    ●
    Payments
    for seeking and securing quality staffing personnel.

Cash
Flow Activities for the Six Months Ended June 30, 2025 and 2024

Net
Cash Used in Operating Activities 

Cash
used provided by operating activities for the six months ended June 30, 2025 was $85,754 and cash used in operating activities
for the six months ended June 30, 2024 was $2,304,012. The improvement in operating cash activities is a result of our efforts to
reduce expenses and better working capital management.

Net
Cash Used in Investing Activities

Cash
used in investing activities for the six months ended June 30, 2025 and 2024 was