Cycurion, Inc.
For the period ended Dec 31, 2024. Filed Apr 17, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Apr 17, 2025
CYCU$2.470.0%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
| Years ended | ||||
|---|---|---|---|---|
| December 31, | ||||
| 2024 · 2023 | ||||
| Cash flows from operating activities | ||||
| Net income (loss) | $1,229,601 | $(2,097,013) | ||
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||
| Stock based compensation | 10,000 | 327,499 | ||
| Amortization of debt discount | 6,566 | 1,094,131 | ||
| Depreciation of fixed assets | 13,341 | 25,822 | ||
| Amortization of software development cost | 16,667 | - | ||
| Changes in operating assets and liabilities: | ||||
| Change of right of use asset and lease liabilities | - | (7,810) | ||
| Accounts and other receivables | (3,238,749) | (4,636,805) | ||
| Advance and prepayments to suppliers | (43,448) | (40,917) | ||
| Accounts and other payables | 908,854 | 3,105,223 | ||
| Accrued interest | (20,211) | - | ||
| Deferred revenue | (253,902) | 242,099 | ||
| Net cash used in operating activities | (1,371,281) | (1,987,771) | ||
| Cash flows from investing activities | ||||
| Acquisition of WAVS | 2,048 | - | ||
| Promissory note issued by WAVS | (439,114) | (200,000) | ||
| Purchase of plant and equipment | - | (12,774) | ||
| Software development cost | (448,000) | (493,933) | ||
| Net cash used in investing activities | (885,066) | (706,707) | ||
| Cash flows from financing activities | ||||
| Proceeds from private placement | 1,000,000 | 2,000,000 | ||
| Net proceeds from line of credit | 252,314 | 5,346 | ||
| Repayment of all bank borrowings | 31,954 | (193,305) | ||
| Proceeds from loans payable | - | 339,500 | ||
| Repayments of loans payable | - | (29,379) | ||
| Proceeds from notes payable by WAVS | 255,000 | - | ||
| Proceeds from notes payable | 135,000 | 550,000 | ||
| Proceeds from notes payable - related parties | 15,000 | 534,000 | ||
| Net cash provided by financing activities | 1,689,268 | 3,206,162 | ||
| Net change in cash and restricted cash | (567,079) | 511,684 | ||
| Cash –beginning of period | 607,869 | 96,185 | ||
| Cash–end of period | $40,790 | $607,869 | ||
| Restricted cash - end of period | $2,048 | $ | - | |
| Cash - end of period | $38,742 | $ | - | |
| Supplementary cash flow information: | ||||
| Interest paid | $ | - | $501,337 | |
| Income taxes paid | $ | - | $ | - |
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