Cycurion, Inc.
For the period ended Mar 31, 2026. Filed May 14, 2026.
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.
Mar 31, 2026 · Filed May 14, 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 exhibitsContents
Table of Contents
| Table of Contents to First Quarter 2026 Form 10-Q | ||
|---|---|---|
| Special Note Regarding Forward-Looking Statements | 3 | |
| Part I - FINANCIAL INFORMATION | 4 | |
| Item 1. | Financial Statement - (Unaudited) | 4 |
| Consolidated Balance Sheets | 4 | |
| Consolidated Statements of Operations and Comprehensive (Loss)/Income | 5 | |
| Consolidated Statements of Cash Flows | 6 | |
| Consolidated Statements of Changes in Stockholders’ Equity | 7 | |
| Notes to the Unaudited Consolidated Financial Statements | 8 | |
| 1. Organization and Description of Business | 8 | |
| 2. Significant Accounting Policies | 10 | |
| 3. Revenue Recognition | 12 | |
| 4. Accounts Receivable, Net | 14 | |
| 5. Software Development Costs | 14 | |
| 6. Business Combination | 15 | |
| 7. Goodwill | 17 | |
| 8. Bank Loans | 18 | |
| 9. Loans Payable | 20 | |
| 10. Convertible Notes | 21 | |
| 11. Promissory Notes | 22 | |
| 12. Subordinated Convertible Promissory Notes | 22 | |
| 13. Factoring Liability | 23 | |
| 14. Series A Convertible Preferred Stock | 23 | |
| 15. Equity | 23 | |
| 16. Concentrations, Risks and Uncertainties | 35 | |
| 17. Related Party Transactions | 36 | |
| 18. Earnings Per Share | 37 | |
| 19. Commitments and Contingencies | 37 | |
| 20. Subsequent Events | 42 | |
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 43 |
| General and Business Overview | 43 | |
| Financial Overview | 46 | |
| Results of Operations | 46 | |
| Liquidity and Capital Resources | 47 | |
| Critical Accounting Policies and Estimates | 49 | |
| Item 3. | Quantitative and Qualitative Disclosures about Market Risk | 49 |
| Item 4. | Controls and Procedures | 49 |
| PART II - OTHER INFORMATION | 50 | |
| Item 1. | Legal Proceedings | 50 |
| Item 1A. | Risk Factors | 50 |
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 50 |
| Item 3. | Defaults upon Senior Securities | 50 |
| Item 4. | Mine Safety Disclosures | 50 |
| Item 5. | Other Information | 50 |
| Item 6. | Exhibits | 50 |
| SIGNATURES | 51 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.