SYRA HEALTH CORP.

Climate Impact & Sustainability Data (2023, 2023-09-30)

Expanded operations to 17 states nationwide.
Launched Syrenity, SyraBot, and CarePlus, cutting-edge solutions to enhance healthcare delivery and improve patient outcomes.
Strengthened balance sheet.

Recurring losses from operations.
Need for substantial additional funding.
Substantial doubt about ability to continue as a going concern.
Competition in the healthcare services markets.
Reliance on a small number of large customers.
Government regulations.
Data security and privacy.
Recruiting and retaining skilled management and technical personnel.
Potential for legal proceedings.
Liability for misdiagnoses, mistreatment, injury, or harm to patients.
Economic downturn or volatility.
Pandemics.
Consolidation in the healthcare industry.
Recruiting and retaining sufficient quality healthcare professionals at reasonable costs.
Clients increasing efficiency and effectiveness of staffing management and recruiting efforts.
Risks inherent in government contracting.
Potential for securities class action litigation.
Anti-takeover provisions.
Choice of forum provision.
Analyst reports.
Reduced reporting requirements as an emerging growth company.
Use and development of artificial intelligence products.

Developing and commercializing digital health platforms.
Improving sales force productivity.
Updating and improving existing solutions and developing new ones.
Maintaining and protecting network and computer systems.
Implementing commercially reasonable security measures.
Maintaining liability insurance coverage.
Recruiting, training, and retaining sufficient numbers of sales personnel.
Adapting to changes resulting from a weak economic environment.
Diversifying revenue streams.
Expanding into the federal government space.
Securing contracts with various organizations in multiple states.
Investing in partnerships with subject matter experts.
Developing in-house proposal teams.
Establishing reserves for estimated liabilities.
Implementing formal review processes for material contracts and invoices.
Engaging third-party experts to review accounting treatment for significant transactions.

Launched Syrenity, a mental health product that proactively identifies negative factors impacting mental health and integrates telehealth for prevention and treatment.
Launched CarePlus, an electronic medical record (EMR) system for small to midsized healthcare organizations.
Secured a five-year $4.75 million contract with the District of Columbia’s Department of Behavioral Health (DBH).
Received a two-year contract extension, worth up to $636,000, with the Indiana Division of Mental Health and Addiction and Family and Social Services Administration.
Entered into an agreement with Maricopa County Department of Public Health in Arizona to train over 100 public health staff.

Lack of formal policy or written procedures for the approval, identification and reporting of related-party transactions.
Lack of formal executed agreements, policies and procedures which are not yet adequately documented.
Insufficient number of staff to maintain optimal segregation of duties and levels of oversight.

Intention to adopt a formal policy or written procedures for the approval, identification and reporting of related-party transactions.
Intention to provide written documentation of internal control policies and procedures.
Intention to add staff members with requisite accounting experience.