Company: SYRA
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001493152-25-009873
Chunk: 202

Company: Syra Health Corp
Filing Date: 2025-03-11
Form: 10-K
Item: Item 1
Chunk 202
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804  
     715,499  
     944,305 
  
    Digital health services 
     369,000  
     515,250  
     (146,250)
  
    Behavioral and mental health 
     16,845  
     12,797  
     4,048 
  
    Health education 
     40,000  
     12,306  
     27,694 
  
    Net revenues 
     7,982,082  
     5,515,144  
     2,466,938 
  
    Cost of services 
     6,329,119  
     4,103,244  
     2,225,875 
  
    Gross profit 
     1,652,963  
     1,411,900  
     241,063 

    Operating expenses: 

    Salaries and benefits 
     2,718,743  
     2,292,295  
     426,448 
  
    Professional services 
     606,051  
     586,463  
     19,588 
  
    Research and development expenses 
     585,146  
     240,048  
     345,098 
  
    Selling, general and administrative expenses 
     1,445,170  
     1,131,922  
     313,248 
  
    Depreciation 
     62,738  
     48,771  
     13,967 
  
    Total operating expenses: 
     5,417,848  
     4,299,499  
     1,118,349 

    Operating loss 
     (3,764,885) 
     (2,887,599) 
     (877,286)

    Total other income (expense) 
     5,647  
     (50,744) 
     56,391 

    Net loss 
    $(3,759,238) 
    $(2,938,343) 
    $(820,895)

-29-

Net
Revenues

Net
revenue increased by $2,466,938 or 45%, driven by an increase of $1,637,141 in our healthcare workforce services and a $944,305 increase
in population health revenues. The