Company: SYRA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001641172-25-009279
Chunk: 0

Company: Syra Health Corp
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 0
---
SYRA HEALTH CORP.

CONDENSED BALANCE SHEETS

    March 31,  
    December 31, 

    2025  
    2024 

    (Unaudited)   

    ASSETS 

    Current assets: 

    Cash and cash equivalents 
    $2,490,585  
    $2,395,405 
  
    Accounts receivable, net 
     945,856  
     680,827 
  
    Other current assets 
     210,788  
     276,563 
  
    Total current assets 
     3,647,229  
     3,352,795 

    Property and equipment, net 
     20,550  
     27,347 
  
    Right-of-use asset 
     54,771  
     299,190 

    Total assets 
    $3,722,550  
    $3,679,332 

    LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) 

    Current liabilities: 

    Accounts payable 
    $325,027  
    $101,690 
  
    Accrued expenses 
     211,867  
     230,383 
  
    Deferred revenue 
     599,213  
     16,611 
  
    Current portion of operating lease liability, related party 
     54,771  
     111,978 
  
    Notes payable 
     75,036  
     152,887 
  
    Total current liabilities 
     1,265,914  
     613,549 

    Non-current portion of operating lease liability, related party 
     -  
     187,212 

    Total liabilities 
     1,265,914  
     800,761 

    Commitments and contingencies 
     -  
     - 

    Stockholders’ equity (deficit): 

    Preferred stock, $0.001 par value, 10,000,000 shares authorized, no shares designated, issued and outstanding 
     -  
     - 
  
    Class A common stock, $0.001 par value, 100,000,000 shares authorized, 11,339,169 and 8,979,204 shares issued and outstanding at March 31, 202