Cycurion, Inc.
For the period ended Sep 30, 2025. Filed Nov 14, 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.
Sep 30, 2025 · Filed Nov 14, 2025
CYCU$2.470.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
| Table of Contents to Third Quarter 2025 Form 10-Q | ||
|---|---|---|
| Part I - FINANCIAL INFORMATION | 3 | |
| Item 1. | Financial Statements - (Unaudited) | 3 |
| Consolidated Balance Sheets | 3 | |
| Consolidated Statements of Operations and Comprehensive (Loss)/Income | 4 | |
| Consolidated Statements of Cash Flows | 5 | |
| Consolidated Statements of Changes in Stockholders’ Equity | 6 | |
| Notes to the Unaudited Consolidated Financial Statements | 7 | |
| 1. Organization and Description of Business | 7 | |
| 2. Significant Accounting Policies | 9 | |
| 3. Accounts Receivable, Net | 13 | |
| 4. Property and Equipment, Net | 13 | |
| 5. Software Development Costs | 13 | |
| 6. Intangible Assets | 14 | |
| 7. Business Combination | 14 | |
| 8. Goodwill | 16 | |
| 9. Bank Loans | 18 | |
| 10. Loans Payable | 20 | |
| 11. Convertible Notes | 21 | |
| 12. Promissory Notes | 21 | |
| 13. Factoring Liability | 22 | |
| 14. Series A Convertible Preferred Stock | 22 | |
| 15. Equity | 22 | |
| 16. Concentrations, Risks and Uncertainties | 31 | |
| 17. Fair Value Disclosures | 32 | |
| 18. Related Party Transactions | 33 | |
| 19. Earnings Per Share | 34 | |
| 20. Commitments and Contingencies | 34 | |
| 21. Subsequent Events | 39 | |
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 41 |
| Forward-Looking Statements | 41 | |
| General and Business Overview | 42 | |
| Financial Overview | 45 | |
| Results of Operations | 45 | |
| Liquidity and Capital Resources | 46 | |
| Critical Accounting Policies and Estimates | 47 | |
| Item 3. | Quantitative and Qualitative Disclosures about Market Risk | 48 |
| Item 4. | Controls and Procedures | 48 |
| PART II - OTHER INFORMATION | 49 | |
| Item 1. | Legal Proceedings | 49 |
| Item 1A. | Risk Factors | 49 |
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 51 |
| Item 3. | Defaults upon Senior Securities | 51 |
| Item 4. | Mine Safety Disclosures | 51 |
| Item 5. | Other Information | 51 |
| Item 6. | Exhibits | 52 |
| SIGNATURES | 53 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.