RELATED PARTY TRANSACTIONS

3 Months Ended

Dec. 31, 2024

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 12 – RELATED PARTY TRANSACTIONS

Brian Haugli, our Chief Executive Officer and stockholder in the Company, is also a principal shareholder of RealCISO Inc. (“RealCISO”). We are a reseller of RealCISO software. We receive revenue from our customers for the use of RealCISO software and pay licensing fees to RealCISO for such use. For the three months ending December 31, 2024, we paid $14 thousand to RealCISO. No amounts were paid to RealCISO for the three months ended December 31, 2023.

We also received $4 thousand and $43 thousand from RealCISO for software development services that we provided RealCISO during the three months ended December 31, 2024 and 2023, respectively.

On October 13, 2023, the Association of the US Army (“AUSA”) signed an agreement for a cybersecurity risk assessment for approximately $24 thousand. On February 15, 2024, the President of AUSA, Retired U.S. Army General Robert Brown, joined our Board. On July 8, 2024, AUSA signed an agreement for recurring vCISO Services, which generated $27 thousand of revenue during the three months ended December 31, 2024. SideChannel has reserved booth space at the AUSA Global Force Symposium, to be held in March 2025. In the three months ended December 31, 2024, the Company has paid $8 thousand to AUSA for this event.

No other related party transactions occurred during the three months ended December 31, 2024.