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.

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Contents

	Special Note Regarding Forward-Looking Statements	4
PART I		5
Item 1.	Business	12
Item 1A.	Risk Factors	12
Item 1B.	Unresolved Staff Comments	22
Item 1C.	Cybersecurity	22
Item 2.	Properties	24
Item 3.	Legal Proceedings	25
Item 4.	Mine Safety Disclosures	25
PART II		25
Item 5.	Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	25
Item 6.	[Reserved]	26
Item 7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	27
	General and Business Overview	27
	Financial Overview	30
	Results of Operations	30
	Liquidity and Capital Resources	31
	Critical Accounting Policies and Estimates	32
Item 7A.	Quantitative and Qualitative Disclosures about Market Risk	33
Item 8.	Consolidated Financial Statements and Supplementary Data	34
	Report of Independent Registered Public Accounting Firm (PCAOB ID No. 1171)	34
	Consolidated Balance Sheets	35
	Consolidated Statements of Operations and Comprehensive (Loss)/Income	36
	Consolidated Statements of Cash Flows	37
	Consolidated Statements of Changes in Stockholders’ Equity	38
	Notes to the Unaudited Consolidated Financial Statements	39
	1. Organization and Description of Business	39
	2. Significant Accounting Policies	41
	3. Accounts Receivable, Net	51
	4. Property and Equipment, Net	51
	5. Software Development Costs	51
	6. Intangible Assets	52
	7. Business Combination	52
	8. Goodwill	54
	9. Bank Loans	56
	10. Loans Payable	57
	11. Convertible Notes	58
	12. Promissory Notes	59
	13. Factoring Liability	60
	14. Series A Convertible Preferred Stock	60
	15. Equity	60
	16. Concentrations, Risks and Uncertainties	72
	17. Fair Value Disclosures	72
	18. Related Party Transactions	73
	19. Earnings Per Share	74
	20. Commitments and Contingencies	74
	21. Subsequent Events	79

Item 9.	Changes in and Disagreements with Accountants on Accounting and Financial Disclosure	79
Item 9A.	Controls and Procedures	79
Item 9B.	Other Information	80
Item 9C.	Disclosure Regarding Foreign Jurisdictions that Prevent Inspections	80
PART III		81
Item 10.	Directors, Executive Officers and Corporate Governance	81
Item 11.	Executive Compensation	81
Item 12.	Security Ownership of Beneficial Owners and Management and Related Stockholder Matters	81
Item 13.	Certain Relationships and Related Transactions, and Director Independence	81
Item 14.	Principal Accounting Fees and Services	81
PART IV		82
Item 15.	Exhibits and Financial Statement Schedules	82
	SIGNATURES	86

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.

About this filing

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