Cycurion, Inc.

For the period ended Dec 31, 2025. Filed Mar 31, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 31, 2026

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 exhibits

Contents

Consolidated Balance Sheets

	For the Year Ended December 31,
	2025	2024
Assets:
Cash and cash equivalents	$5,255,235	$38,742
Restricted cash	-	2,048
Accounts receivable, net	2,687,479	10,353,708
Other receivables	-	434,391
Prepaid expenses and other current assets	60,133	99,463
Total current assets	8,002,847	10,928,352
Deposit for acquisition target	-	2,000,000
Property and equipment, net	-	20,321
Software development costs, net	4,606,981	4,151,981
Intangible assets, net	-	25,000
Security deposits	-	10,351
Goodwill	20,842,508	6,592,304
Investments held in trust account	-	1,834,540
Total non-current assets	25,449,489	14,634,497
Total Assets	$33,452,336	$25,562,849
Liabilities, Mezzanine and Stockholders' Equity:
Bank loan-revolving credit line	$2,933,396	$3,249,067
Bank loan - current portion	-	774,095
Loans payable - current portion	669,693	408,516
Factoring liability	1,511,678	-
Subordinated convertible promissory notes	-	3,333,335
Convertible notes	192,897	-
Promissory notes	2,499,662	2,486,989
Loans payable - related parties	123,650	148,088
Accounts payable	1,314,772	1,681,774
Accrued liabilities	4,228,337	2,927,135
Accrued compensation and benefits	919,825	979,684
Accrued interest payable	1,347,787	1,591,023
Excise tax payable	1,167,173	1,157,161
Total current liabilities	16,908,870	18,736,867
Loans payable - non-current portion	300,000	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	300,000	1,440,915
Total Liabilities	17,208,870	20,177,782
Commitments and contingencies (Note 22)
Mezzanine Equity:
Common stock subject to possible redemption, $0.0001 par value, 0 and 5,796 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, 0 and 0 issued and outstanding, respectively)	-	-
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, 143 and 0 issued and outstanding, respectively)
Common stock ($0.0001 par value, 300,000,000 shares authorized, 3,642,501 and 391,373 shares issued and outstanding, respectively)	364	38
Additional paid in capital	46,979,762	6,671,081
Accumulated deficit	(26,879,081)	(3,203,361)
Total stockholders' equity attributable to Cycurion	20,101,060	3,467,758
Deficit attributable to noncontrolling interests	(3,857,594)	-
Total stockholders' equity	16,243,466	3,467,758
Total liabilities and stockholders’ equity	$33,452,336	$25,562,849
See accompanying notes to consolidated financial statements.

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.