Cycurion, Inc.
For the period ended Jun 30, 2025. Filed Aug 13, 2025.
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Jun 30, 2025 · Filed Aug 13, 2025
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5. Software Development Costs
- SOFTWARE DEVELOPMENT COSTS
In 2024, the Company reclassed software development costs from property and equipment to software development costs. The Company continuing incurs costs to develop new modules, functionalities, and integrations on previous purchased SaaS platform in order to develop a new product with differentiated offering. As of June 30, 2025, the SaaS platform is still undergoing development stage and not ready for external sales. No amortization has been recorded during the three and six months ended June 30, 2025 and 2024.
In 2024, the Company reclassed a part of software from property and equipment to software development costs.
| Table 5: Capitalized Software Development Costs | ||||
|---|---|---|---|---|
| For the Three Months Ended | For the Six Months Ended | |||
| June 30, 2025 | June 30, 2024 | June 30, 2025 | June 30, 2024 | |
| Capitalized software development costs | $104,000 | $132,999 | $174,000 | $238,000 |
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