Cycurion, Inc.
For the period ended Jun 30, 2026. Filed Aug 14, 2026.
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Jun 30, 2026 · Filed Aug 14, 2026
Contents
5. Software Development Costs
- SOFTWARE DEVELOPMENT COSTS
In 2024, the Company reclassified software development costs from property and equipment to software development costs. The Company continues to incur costs to develop new modules, functionalities and integrations on the previously purchased SaaS platform in order to develop a new product with differentiated offering. As of June 30, 2026, the SaaS platform is still in the development stage and is not ready for external sales. No amortization has been recorded during the three orsix months ended June 30, 2026 and 2025.
| Table 5: Capitalized Software Development Costs | ||||
|---|---|---|---|---|
| For the Three Months Ended June 30, | For the Six Months Ended June 30, | |||
| 2026 | 2025 | 2026 | 2025 | |
| Capitalized software development costs | $63,000 | $104,000 | $192,000 | $174,000 |
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