Company: SIDU
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023543
Chunk: 21

Company: Sidus Space Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 21
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 term of five (5) years to exercise from
the grant date to employees of the Company. Options issued vest at 33% of shares subject to the option on each anniversary date, on February
1, 2026, 2027 and 2028.

The
Company utilizes the Black-Scholes model to value its stock options. The Company utilized the following assumptions:

 Schedule of Utilizes Black-Scholes Model to Value of Stock Options

    Nine months ended 

    September 30, 2025 
  
    Expected term 
     3.50 years  
  
    Expected average volatility 
     189%
  
    Expected dividend yield 
     - 
  
    Risk-free interest rate 
     4.27%

During
the nine months ended September 30, 2025, the 265,000 options that were granted were valued at $609,330. During the nine months ended
September 30, 2025 and 2024, the Company recognized stock option expense of $310,812 and $130,390, respectively, and as of September
30, 2025, $753,001 remains unamortized and is expected to be recognized ratably over the remaining vesting period through February 1,
2028. The intrinsic value of the 329,752 options outstanding as of September 30, 2025, is $0.

A
summary of activity of the stock options during the nine months ended September 30, 2025, is as follows:

 Schedule of Activity of Stock Options

    Options Outstanding  
    Weighted Average 

    Number of  
    Weighted Average  
    Remaining life 

    Options  
    Exercise Price  
    (years) 

    Outstanding, December 31, 2024 
     64,752  
    $11.67  
     3.82 
  
    Granted 
     265,000  
     2.57  
     5.00 
  
    Exercised 
     -  
     -  
     - 
  
    Forfeited/canceled 
     -  
     -  
     - 
  
    Outstanding, September 30, 2025 
     329,752  
    $4.36  
     4.09 

    Exercisable options, September 30, 2025