Company: SYRA
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001493152-25-009873
Chunk: 41

Company: Syra Health Corp
Filing Date: 2025-03-11
Form: 10-K
Item: Item 8
Chunk 41
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ussed in Note 2, the Company has a going concern due to its insufficient cash balance and accumulated net losses.

To
evaluate the appropriateness of the going concern, we examined and evaluated the financial information along with management’s
plans to mitigate the going concern and management’s disclosure on going concern.

/s/
M&K CPAS, PLLC

We
have served as the Company’s auditor since 2023

The
Woodlands, TX

March
11, 2025

F-2

SYRA
HEALTH CORP.

BALANCE
SHEETS

    December 31,  
    December 31, 

    2024  
    2023 

    ASSETS 

    Current assets: 

    Cash and cash equivalents 
    $2,395,405  
    $3,280,075 
  
    Accounts receivable, net 
     680,827  
     1,060,634 
  
    Accounts receivable related party 
     -  
     50,614 
  
    Accounts receivable 
     -  
     50,614 

    Other current assets 
     276,563  
     389,787 
  
    Total current assets 
     3,352,795  
     4,781,110 

    Property and equipment, net 
     27,347  
     78,974 
  
    Right-of-use asset 
     299,190  
     63,199 

    Total assets 
    $3,679,332  
    $4,923,283 

    LIABILITIES AND STOCKHOLDERS’ EQUITY 

    Current liabilities: 

    Accounts payable 
    $101,690  
    $462,991 
  
    Accrued expenses 
     230,383  
     198,978 
  
    Deferred revenue 
     16,611  
     - 
  
    Current portion of operating lease liability, related party 
     111,978  
     63,199 
  
    Notes payable 
     152,887  
     184,904 
  
    Total current liabilities 
     613,549  
     910,072 

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

    Total liabilities