Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 947

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7A
Chunk 947
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 in the periods when the change occurs.

As of December 31, 2024 and 2023, Aurea’s assets
and liabilities are as follows:

 Schedule
of Variable Interest Entities Assets and Liabilities

    December 31,  
    December 31, 

    2024  
    2023 
  
    Assets 

    Cash 
    $65,333  
    $52,492 
  
    Prepaid and other current assets 
     13,264  
     13,164 
  
    Total
    Assets 
    $78,597  
    $65,656 

    Liability 

    Accounts payable and other current
    liabilities 
    $78,575  
    $74,219 

For the years ended December 31, 2024 and 2023, Aurea’s
net loss was $170,114 and $157,467, respectively.

     F-13 

Note
4. Prepaid expense and Other current assets

As
of December 31, 2024 and 2023, prepaid expense and other current assets are as follows:

Schedule
of Prepaid Expense and Other Current Assets 

    December 31,  
    December 31, 

    2024  
    2023 
  
    Prepaid insurance 
    $374,480  
    $699,310 
  
    Prepaid components 
     528,000  
     1,258,965 
  
    Prepaid satellite services & licenses 
     2,353,757  
     3,313,706 
  
    Prepaid software 
     82,440  
     91,258 
  
    Other current assets 
     90,979  
     42,214 
  
    Total 
    $3,429,656  
    $5,405,453 

During
the years ended December 31, 2024 and 2023, the Company recorded interest expense of $18,492 and $26,302 related to financing of our
prepaid insurance policies.

Note
5. Inventory

As
of December 31, 2024 and 2023, inventory is as follows:

Schedule
of Inventory 

    December 31, 2024  
    December 31, 2023 
  
    Work in Process 
    $255,716