Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 970

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7A
Chunk 970
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     (3,110,314) 
     (190)%
  
    Gross Profit Percentage 
     (31)% 
     28% 

    Selling, general & administrative expense 
     14,249,870  
     14,166,617  
     83,253  
     1%
  
    Other expense 
     (1,805,175) 
     (1,803,034) 
     (2,141) 
     0%
  
    Net loss 
    $(17,524,056) 
    $(14,328,348) 
    $(3,195,708) 
     22%

    2024  
    2023  
    Change  
    % 

    Years
    Ended  

    December
    31,  

    2024  
    2023  
    Change  
    % 
  
    Selling,
    general & administrative expenses 

    Payroll
    expenses 
    $6,978,930  
    $7,226,481  
    $(247,551) 
     (3)%
  
    Sales
    and marketing expenses 
     193,942  
     596,368  
     (402,426) 
     (67)%
  
    Lease
    expense 
     386,520  
     353,329  
     33,191  
     9%
  
    Professional
    fees 
     1,105,930  
     1,940,600  
     (834,670) 
     (43)%
  
    General
    and administrative expense 
     5,584,548  
     4,049,839  
     1,534,709  
     38%
  
    Total 
    $14,249,870  
    $14,166,617  
    $83,253  
     1%

Note
18. Subsequent events

Subsequent
to December 31, 2024, the Company issued a total of 2,247,667 shares of Class A common stock. 1,068,332 shares were from warrants exercised
at an exercise price of $2.25 per share from the Company’s December 2024 offering. 1,162,802 shares were from