Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 557

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 557
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 innovation, adaptable and cost-effective solutions, and the optimization of space system and data collection
performance. 

We offer customers a variety of mission options whether
the ability to host a technology, procure a satellite bus, or simply purchase data as a service. Our flight proven modular satellite, LizzieSat® is a 3D printed, multi-sensor,
multi-mission satellite, which is the first of its kind, offering a flexible, cost-effective platform that can be easily adapted
to integrate new technologies or customized and scaled to create a new satellite design to meet mission requirements.

Through our Sidus Orlaith™ AI ecosystem,
we enable near real-time on-orbit data processing, enhancing the speed and efficiency of data delivery from LizzieSat® sensors.
Orlaith™ offers high-performance on-orbit edge computing and data processing from diverse sensor sets leveraging Sidus’
proprietary FeatherEdge™ hardware and Cielo™ software. Orlaith’s systemic capabilities provide industry-leading
and differentiated data delivery for a wide range of end uses including methane detection, AIS tracking, border security, and
technology characterization. Orlaith’s data processing can also be seamlessly customized for new and/or esoteric missions

Reverse Stock Split

On December 6, 2023, the Board approved a one-for-one
hundred (1-for-100) reverse split of the Company’s issued and outstanding shares of Common Stock (the “Reverse Stock
Split”). On December 19, 2023, the Company filed with the Secretary of State of the State of Delaware a certificate of amendment
to its certificate of incorporation (the “Certificate of Amendment”) to effect the Reverse Stock Split. All share and per
share information in these financial statements retroactively reflect this reverse stock split.

Note 2. Summary of Significant Accounting
Policies

Basis of Presentation

The financial statements of the Company have been
prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and are presented
in US dollars. The Company uses the accrual basis of accounting and has adopted a December 31 fiscal year end.

Certain prior year amounts have been reclassified
for consistency with the current year presentation. These reclassifications had no effect on the reported results of operations.

     F-6 

Principles of Consolidation

The consolidated financial statements include the
variable interest entity (“VIE”), Aurea Alas Limited (“Aurea”), of which we