Company: SYRA
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001493152-25-009873
Chunk: 262

Company: Syra Health Corp
Filing Date: 2025-03-11
Form: 10-K
Item: Item 1A
Chunk 262
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 grant writing service contracts are either fee for service contracts or fixed-fee contracts. Our past financial results have been,
and our future financial results may be, adversely impacted if we initially underprice our contracts or otherwise overrun our cost estimates
and are unable to successfully negotiate a change order. Change orders typically occur when the scope of work we perform needs to be
modified from that originally contemplated by our contract with the client. Where we are not successful in converting out-of-scope work
into change orders under our current contracts, we will bear the cost of the additional work. Such underpricing, significant cost overruns
or delay in documentation of change orders could have a material adverse effect on our business, results of operations, financial condition
or cash flows.

As
we develop new services and clients, enter new lines of business, and focus more of our business on providing a full range of talent
solutions, the demands on our business and our operating risks may increase.

As
part of our strategy, we plan to extend our services. As we focus on developing new services, capabilities and clients, and engage in
business in new geographic locations, our operations may be exposed to additional as well as enhanced risks. In particular, our growth
efforts may place substantial additional demands on our management and other team members, as well as on our information, financial,
administrative, compliance and operational systems. We may not be able to manage these demands successfully. Growth may require increased
recruiting efforts, increased regulatory and compliance efforts, increased business development, selling, marketing and other actions
that are expensive and entail increased risk. We may need to invest more in our people and systems, controls, compliance efforts, policies
and procedures than we anticipate. As our business continues to evolve and we provide a wider range of services, we will become increasingly
dependent upon our employees. Failure to identify, hire, train and retain talented employees who share our values could have a negative
effect on our reputation and our business. The demands that our current and future growth place on our people and systems, controls,
compliance efforts, policies and procedures may exceed the benefits of such growth, and our operating results may suffer, at least in
the short-term, and perhaps in the long-term.

-14-

Consolidation
in the healthcare industry could adversely impact our business, financial condition and operating results.

Many
healthcare provider organizations are consolidating to create integrated healthcare delivery systems with greater market power. As provider
networks and managed care