Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 469

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 469
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 and shall vest in four (4) equal installments on each of the first four (4) anniversaries
of the date of grant, in each case subject to the optionee continuing to provide services to the Company through the applicable vesting
date. Notwithstanding the foregoing vesting conditions, no portion of the options shall be exercisable prior to the second (2nd)
anniversary of the date of grant. In the event that the applicable optionee resigns from employment for any reason prior to the second
(2nd) anniversary of the date of grant, the option will be immediately cancelled and terminated on the date of such resignation.

Pro
forma results of operations have not been presented because the effects of the Acquisition was not material to our consolidated results
of operations. Acquisition-related costs included legal fees of $220,632 and were expensed as incurred. The following table summarizes
the amounts for the business acquisition which were allocated to the fair value of aggregated net assets acquired:

Schedule
of Business Acquisition Allocated to Fair Value of Net Assets Acquired

    Cash paid 
    $468,663 
  
    Assets Acquired: 

    Accounts receivable 
    $51,769 
  
    Inventory 
     9,611 
  
    Property and equipment 
     9,148 
  
    Intangible asset 
     398,135 
  
    Total 
    $468,663 

    F-15

Note
8. Accounts payable and other current liabilities

At
December 31, 2024 and 2023, accounts payable and other current liabilities consisted of the following:

Schedule
of Accounts Payable and Other Current Liabilities 

    December 31,  
    December 31, 

    2024  
    2023 

    Accounts payable 
    $2,071,357  
    $4,716,964 
  
    Payroll liabilities 
     907,697  
     1,250,330 
  
    Credit card liability 
     51,522  
     93,826 
  
    Other payable 
     165,435  
     156,885 
  
    Dividend payable 
     -  
     16,566 
  
    Payable for purchase of property and equipment 
     18,799  
     - 
  
    Insurance payable 
     266,357  
     462,991 
  
    Total accrued expenses