Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1039

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 1039
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     3,797,100 
  
    Income tax expense per books 
    $-  
    $- 

Net
deferred tax assets consist of the following components as of:

Schedule
of Net Deferred Tax Assets

    December 31,  
    December 31, 

    2024  
    2023 

    Non-operating loss carryforward 
    $12,753,049  
    $8,109,149 
  
    Valuation allowance 
     (12,753,049) 
     (8,109,149)
  
    Net deferred tax asset 
    $-  
    $- 

Note
17. Segment 

The
Company operates as one operating segment. The Company’s chief operating decision maker (“CODM”) is its chief executive
officer, who reviews financial information presented on a consolidated basis. The CODM uses consolidated operating margin and net income
to assess financial performance and allocate resources. These financial metrics are used by the CODM to make key operating decisions,
such as the determination of the rate at which the Company seeks to grow global operating margin and the allocation of budget between
cost of revenues, sales and marketing, technology and development, and general and administrative expenses.

The
following table presents selected financial information with respect to the Company’s single operating segment for the years ended
December 31, 2024 and 2023:

 Schedule
of Operating Segment 

    2024  
    2023  
    Change  
    % 

    Years Ended  

    December 31,  

    2024  
    2023  
    Change  
    % 
  
    Revenue 
    $4,672,646  
    $5,962,785  
    $(1,290,139) 
     (22)%
  
    Cost of revenue 
     6,141,657  
     4,321,482  
     1,820,175  
     42%
  
    Gross Profit (Loss) 
     (1,469,011) 
     1,641,303  
     (3,110,314) 
     (190)%
  
    Gross Profit Percentage 
     (31)% 
     28% 

    Selling, general & administrative expense 
     14,249,870  
     14,166