Cycurion, Inc.
For the period ended Dec 31, 2025. Filed Mar 31, 2026.
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FY2025 · Filed Mar 31, 2026
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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 18.1: Revenue Concentration by Customer - Based on % of Revenue | ||||
|---|---|---|---|---|
| For the Year Ended December 31, | ||||
| 2025 | 2024 | |||
| Customer | Amount | % | Amount | % |
| A | $4,576,315 | 30.2% | $3,584,564 | 20.2% |
| B | $2,504,836 | 16.6% | $2,167,024 | 12.2% |
| C | $1,300,680 | 8.6% | $2,652,925 | 14.9% |
| D | $1,378,738 | 9.1% | $2,934,031 | 16.5% |
| Table 18.2: Accounts Receivable Concentration by Customer - Based on % of Accounts Receivable, Net | ||
|---|---|---|
| December 31, 2025 | ||
| Customer | Amount | % |
| 1 | $768,954 | 29% |
| 2 | $479,151 | 18% |
| 3 | $373,236 | 14% |
Prior to the Management Services Agreement and a Release agreement with Ed Burns 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 the first quarter of 2025 amounts previously reported. As of December 31, 2024, no individual customer accounts receivable balances were 10% or greater than the total accounts receivable balance.
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