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

Company: Sidus Space Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 25
---
    2024  
    Change  
    % 
  
    Operating expenses 

    Payroll expenses 
    $7,251,356  
    $4,826,164  
    $2,425,192  
     50%
  
    Sales and marketing expenses 
     154,352  
     145,049  
     9,303  
     6%
  
    Lease expense 
     312,947  
     290,928  
     22,019  
     8%
  
    Professional fees 
     530,311  
     784,175  
     (253,864) 
     (32)%
  
    General and administrative expense 
     4,791,186  
     3,866,150  
     925,036  
     24%
  
    Total 
    $13,040,152  
    $9,912,466  
    $3,127,686  
     32%
  
    Operating expenses 
    $13,040,152  
    $9,912,466  
    $3,127,686  
     32%

Note
16. Concentration

As
of September 30, 2025 and December 31, 2024, and for nine months ended September 30, 2025 and 2024, customer concentrations (more than
10%) were as follows:

 Schedule of Customer Concentration Risk

    Percentage of Revenue  
    Percentage of 

    For the nine months ended  
    Accounts Receivable 

    September 30,  
    September 30,  
    December 31, 

    2025  
    2024  
    2025  
    2024 
  
    Bechtel 
     40% 
     40% 
     20% 
     13%
  
    Craig Technologies 
     47% 
     8% 
     62% 
     44%
  
    Xiomas Technologies 
     2% 
     2% 
     -  
     1%
  
    TNO 
     -  
     18% 
     -  
     34%
  
    Total (as a group) 
     89% 
     68% 
     82%