Company: SIDU
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023543
Chunk: 14

Company: Sidus Space Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 14
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 30, 

    2025  
    2024 
  
    Lease cost 

    Operating lease cost 
    $309,393  
    $288,646 

Supplemental
balance sheet information related to operating leases was as follows:

 Summary of Supplemental Balance Sheet Information

    September 30,  
    December 31, 

    2025  
    2024 
  
    Operating lease right-of-use assets at inception 
    $856,787  
    $284,861 
  
    Accumulated amortization 
     (87,272) 
     (163,316)
  
    Total operating lease right-of-use assets 
    $769,515  
    $121,545 

    Operating lease liabilities - current 
    $266,879  
    $121,544 
  
    Operating lease liabilities - non-current 
     505,718  
     - 
  
    Total operating lease liabilities 
    $772,597  
    $121,544 

    Right-of-use assets obtained in exchange for new operating lease liability 
     856,787  
     - 

    Weighted-average remaining lease term — operating leases (year) 
     2.67  
     0.41 
  
    Weighted-average discount rate — operating leases 
     6.50% 
     8.25%

Future
minimum lease payments under operating leases that have initial noncancelable lease terms in excess of one year as of September 30, 2025,
were as follows:

 Schedule of Future Minimum Lease Payments Under Operating Leases

    Total 
  
    Year Ended December 31, 

    2025 - Remaining 3 months 
    $76,147 
  
    2026 
     309,920 
  
    2027 
     319,218 
  
    2028 
     134,641 
  
    Thereafter 
     - 
  
    Total undiscounted lease payments 
     839,926 
  
    Less: Imputed interest 
     (67,329)
  
    Operating lease liabilities 
    $772,597 

Sublease

On
August 1, 2021, the Company entered into a sublease agreement with its related party and a principal shareholder (“Sublandlord”),
whereby the Company subleases certain offices, rooms and shared use of common