Cycurion, Inc.
For the period ended Jun 30, 2025. Filed Aug 13, 2025.
View on SEC.govAbout this filing
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, 2025 · Filed Aug 13, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
16. 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 16.1: Revenue Concentration by Customer - Greater than 10% of Revenue
| For the Three Months Ended · For the Six Months Ended | ||||||||
|---|---|---|---|---|---|---|---|---|
| June 30, 2025 | June 30, 2024 | June 30, 2025 | June 30, 2024 | |||||
| Customer | Amount | % | Amount | % | Amount | % | Amount | % |
| A | $1,138,481 | 29.3% | $906,889 | 18.1% | $2,251,053 | 29.0% | $1,793,879 | 19.4% |
| B | 594,460 | 15.3% | 567,472 | 11.3% | 1,158,080 | 14.9% | 1,169,039 | 12.6% |
| C | 374,780 | 9.6% | 815,756 | 16.3% | 861,958 | 11.1% | 1,592,437 | 17.2% |
| D | 343,460 | 8.8% | 649,819 | 13.0% | 732,740 | 9.4% | 1,189,496 | 12.9% |
Table 17.2: Accounts Receivable Concentration by Customer - Greater than 10% of Accounts Receivable
| Customer | Amount | % |
|---|---|---|
| 1 | $1,284,470 | 31% |
| 2 | 911,832 | 22% |
| 3 | 585,852 | 14% |
Prior to the acquisition 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 Q1 2025 amounts previously reported. As of December 31, 2024, no individual customer accounts receivable balances were 10% or greater than the total account receivable balance.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.