Cycurion, Inc.

For the period ended Jun 30, 2025. Filed Aug 13, 2025.

About 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

CYCU$2.47+3.3%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

	June 30, 2025	December 31, 2024
Assets:
Cash and cash equivalents	$1,013,836	$38,742
Restricted cash	-	2,048
Accounts receivable, net	4,118,888	10,353,708
Other receivables	400,072	434,391
Prepaid expenses and other current assets	54,259	99,463
Total current assets	5,587,055	10,928,352
Deposit for acquisition target	-	2,000,000
Property and equipment, net	16,832	20,321
Software development costs	4,325,981	4,151,981
Intangible assets, net	7,917	25,000
Security deposits	10,351	10,351
Goodwill	20,788,299	6,592,304
Investments held in trust account	-	1,834,540
Total non-current assets	25,149,380	14,634,497
Total Assets	$30,736,435	$25,562,849
Liabilities, Mezzanine and Stockholders’ Equity:
Bank loan-revolving credit line	$3,236,167	$3,249,067
Bank loan - current portion	620,078	774,095
Loans payable - current portion	885,240	408,516
Factoring liability	2,309,160	-
Subordinated convertible promissory notes	-	3,333,335
Promissory notes	2,669,626	2,486,989
Loans payable - related parties	150,372	148,088
Accounts payable	5,088,223	3,578,374
Due to related party	18,000	-
Accrued liabilities	3,848,247	3,601,242
Excise tax payable	1,167,173	1,157,161
Total current liabilities	19,992,286	18,736,867
Loans payable - non-current portion	295,296	146,798
Series A Convertible preferred stock ($0.001 par value, 500,000 shares designated, 0 and 345,528 issued and outstanding, respectively)	-	1,294,117
Total non-current liabilities	295,296	1,440,915
Total liabilities	20,287,582	20,177,782
Commitments and contingencies (Note 20)	-	-
Mezzanine Equity:
Common stock subject to possible redemption, $0.0001 par value, 0 and 173,879 shares at redemption value of approximately $11.03 per share, respectively	-	1,917,309
Stockholders’ Equity:
Preferred stock ($0.0001 par value, 20,000,000 shares authorized)
Series A convertible preferred stock ($0.0001 par value, 110,000 shares designated, 106,816 and 0 issued and outstanding, respectively)	11	-
Series B convertible preferred stock ($0.0001 par value, 3,000 shares designated, 1 and 3,000 issued and outstanding, respectively)	-	-
Series C convertible preferred stock ($0.0001 par value, 5,000 shares designated, 4,851 issued and outstanding)	-	-
Series D convertible preferred stock ($0.0001 par value, 6,666,700 shares designated, 150,000 and 0 issued and outstanding, respectively)	15	-
Series E convertible preferred stock ($0.0001 par value, 100 shares designated, 51 and 0 issued and outstanding, respectively)	-	-
Series F convertible preferred stock ($0.0001 par value, 10,000 shares designated, 0 and 0 issued and outstanding, respectively)	-	-
Series G convertible preferred stock ($0.0001 par value, 10,000 shares designated, 3,318 and 0 issued and outstanding, respectively)
Common stock ($0.0001 par value, 100,000,000 shares authorized, 40,353,983 and 10,592,607 shares issued and outstanding, respectively)	4,036	1,059
Additional paid in capital	32,661,282	6,670,060
Accumulated deficit	(18,650,614)	(3,203,361)
Total stockholders’ equity attributable to Cycurion	14,014,730	3,467,758
Equity attributable to noncontrolling interests	(3,565,877)	-
Total stockholders’ equity	10,448,853	3,467,758
Total liabilities and stockholders’ equity	$30,736,435	$25,562,849

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.