Company: SYRA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001641172-25-009279
Chunk: 92

Company: Syra Health Corp
Filing Date: 2025-05-08
Form: 10-Q
Item: Part II, Item 1A
Chunk 92
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In addition to other information set forth in this
report, readers should carefully consider the risk factors discussed in the Company’s Annual Report on Form 10-K for the year ended
December 31, 2024. Any of the risk factors disclosed in the Annual Report or our reports could materially affect our business, financial
condition or future results. The risks described in the Prospectus are not the only risks we face. Additional risks and uncertainties
not currently known to us or that we currently deem to be immaterial also may materially and adversely affect our business, financial
condition and/or operating results.

We receive the majority of our revenue from contracts with state,
local and county governments, which in return receive federal funding for certain programs. The interruption of or termination or failure
to fund one or more of these programs, or other actions taken by Department of Government Efficiency (“DOGE”) could have an
adverse impact on our business, financial condition, results of operations and cash flows.

We receive the majority of our revenue from state,
local and county governments which vary in size, duration and conditions from domestic governmental institutions, to provide local health
programs and other initiatives that we help staff and implement. The U.S. government has and may continue to implement initiatives focused
on efficiencies, affordability and cost growth and other changes, such as those pursued by the recently created DOGE. On January 20, 2025,
President Trump announced an executive order establishing the DOGE to maximize government efficiency and productivity. In February 2025,
President Trump stated that he has directed DOGE to review spending for potential waste and fraud. Pressures on and uncertainty surrounding
the U.S. federal government’s budget and potential changes in budgetary priorities, could adversely affect our revenue, financial
condition, and results of operations in ways that are indeterminate at this time. These initiatives and changes to procurement practices
may change the way government funding is provided, if at all, which may affect whether and how we pursue opportunities to provide our
products and services, which may have an adverse impact on our business, financial condition, results of operations and cash flows.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES
AND USE OF PROCEEDS.

(a) Sales of Unregistered Securities.

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION.

None.

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ITEM