Cycurion, Inc.
For the period ended Jun 30, 2026. Filed Aug 14, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 14, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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15. Concentrations, Risks and Uncertainties
- CONCENTRATIONS, RISKS AND UNCERTAINTIES
Credit risk
The Company's primary bank deposits are located in the United States. Those deposits are provided protection under FDIC insurance up to maximum of $250,000. Any deposits in excess of the aforementioned maximum are at risk of loss if those banks become insolvent. The Company is subject to risk borne from credit extended to customers.
Interest risk
The Company is subject to interest rate risk when its loans become due and require refinancing or if the prime rate adjusts, as the Company's loans are based on adjustable interest rates.
Inflation risk
Management monitors changes in prices levels. Historically, inflation has not materially impacted the Company's financial statements; however, significant increases in the cost of labor that cannot be passed on to the Company's customers could adversely impact the Company's results of operations.
Concentration risks
| Table 15.1: Revenue Concentration by Customer - Based on % of Revenue | ||||||||
|---|---|---|---|---|---|---|---|---|
| For the Three Months Ended June 30, · For the Six Months Ended June 30, | ||||||||
| 2026 | 2025 | 2026 | 2025 | |||||
| Customer | Amount | % | Amount | % | Amount | % | Amount | % |
| A | $1,087,881 | 29.0% | $1,138,481 | 29.3% | $2,193,362 | 31.2% | $2,251,053 | 29.0% |
| B | 750,717 | 20.0% | 594,460 | 15.3% | $1,475,539 | 21.0% | $1,158,080 | 14.9% |
| C | 331,002 | 8.8% | 374,780 | 9.6% | $646,243 | 9.2% | $861,958 | 11.1% |
| D | 275,945 | 7.3% | 343,460 | 8.8% | $505,838 | 7.2% | $732,740 | 9.4% |
| Table 15.2: Accounts Receivable Concentration by Customer - Based on % of Accounts Receivable, Net | ||||
|---|---|---|---|---|
| June 30, 2026 · December 31, 2025 | ||||
| Customer | Amount | % | Amount | % |
| 1 | $1,033,154 | 27.8% | $768,954 | 28.6% |
| 2 | $764,999 | 20.6% | $479,151 | 17.8% |
| 3 | $357,471 | 9.6% | $373,236 | 13.9% |
Prior to the Management Services Agreement and a Release agreement with Ed Burns of SLG on March 31, 2025, the Company had combined all SLG customers as one customer for purposes of customer concentration disclosures due to the nature of the relationship. Once the acquisition was complete, the Company has re-evaluated this disclosure to break out all SLG customers individually, therefore the amounts reported above are not comparable to the second quarter of 2025 amounts previously reported.
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