Cycurion, Inc.
For the period ended Mar 31, 2026. Filed May 14, 2026.
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Mar 31, 2026 · Filed May 14, 2026
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5. Software Development Costs
- SOFTWARE DEVELOPMENT COSTS
In 2024, the Company reclassified software development costs from property and equipment to software development costs. The Company continues to incur costs to develop new modules, functionalities, and integrations on the previously purchased SaaS platform in order to develop a new product with differentiated offering. As of March 31, 2026, the SaaS platform is still in the development stage and is not ready for external sales. No amortization has been recorded during the three months ended March 31, 2026 and 2025.
| Table 5: Capitalized Software Development Costs | ||
|---|---|---|
| For the Three Months Ended March 31, | ||
| 2026 | 2025 | |
| Capitalized software development costs | $129,000 | $70,000 |
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