Company: SYRA
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001641172-25-023235
Chunk: 52

Company: Syra Health Corp
Filing Date: 2025-08-12
Form: 10-Q
Item: Item 8
Chunk 52
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 July 2025, and provides for a base monthly rent of $11,209 through
June 30, 2027. A total of $67,253 and
$64,263 was
included in selling, general and administrative expenses for the six months ended June 30, 2025 and 2024, respectively. 

Information
Technology (“IT”) Services

The
Company incurred a total of $251,340 and $0 of services from RAD CUBE LLC, which is an entity beneficially owned by the principal owners
and the management team of Syra and their affiliates, for outsourced IT services which have been presented within selling, general and
administrative expenses in the statements of operations during the six months ended June 30, 2025 and 2024, respectively.

Recruitment
and Human Resource Services

For
the six months ended June 30, 2025, the Company paid a total of $129,929 and $82,423 for services from NLogix IT Services Private Limited
and SKL Demand Private Limited, respectively, which are entities beneficially owned by the principal owners and the management team of
Syra and their affiliates. Of these costs $108,486 are included in professional services, $46,295 in selling, general and administrative
expenses, and $57,571 in research and development expenses in the statement of operations during the six months ended June 30, 2025.

For
the six months ended June 30, 2024, the Company paid a total of $297,313 for services from NLogix IT Services Private Limited, which
is an entity beneficially owned by the principal owners and the management team of Syra and their affiliates Of these costs $47,401 are
included in cost of services, and $249,912 in selling, general and administrative expenses, in the statement of operations during the
six months ended June 30, 2024.

Note
4 – Basic and Diluted Earnings per Share

During
the three and six months ended June 30, 2025, the Company used the two-class method to compute net loss per common share because it had
issued securities, other than a single class of common stock, that contractually entitled the holders to participate in dividends and
earnings. These participating securities included the Company’s Class A common stock, which was authorized pursuant to the Company’s
amendment to its Certificate of Incorporation on May 2, 202