Company: SIDU
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023543
Chunk: 95

Company: Sidus Space Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 2
Chunk 95
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 was primarily
due to funds raised in our capital raises completed Q4 2024.

43

Current
assets decreased by approximately $1.1 million to approximately $21.1 million as of September 30, 2025 from approximately $22.2 million
as of December 31, 2024. The decrease is primarily attributable to a decrease in cash partially offset by an increase in related party
accounts receivable and an increase in prepayments primarily related to satellite components.

Current
liabilities are $1.1 million higher at $15.4 million as of September 30, 2025 versus $14.2 million December 31, 2024 primarily related
to an increase in our Asset-based loan liability.

Cash
Flow

    Nine Months Ended  

    September 30,  

    2025  
    2024  
    Change  
    % 
  
    Cash used in operating activities 
    $(14,065,111) 
    $(10,288,228) 
    $(3,776,883) 
     37%
  
    Cash used in investing activities 
    $(5,789,805) 
    $(5,102,661) 
    $(687,144) 
     13%
  
    Cash provided by financing activities 
    $16,885,424  
    $15,406,183  
    $1,479,241  
     10%
  
    Cash on hand 
    $12,734,087  
    $1,231,401  
    $11,502,686  
     934%

Nine
Months ended September 30, 2025 and 2024

Cash
Flow from Operating Activities

For
the nine months ended September 30, 2025, net cash flows used in operating activities was approximately $14.1 million compared to approximately
$10.3 million during the nine months ended September 30, 2024.

Cash
flows used in operating activities for the nine months ended September 30, 2025 of approximately $14.1 million is comprised of a net
loss of approximately $18.1 million, which was reduced by non-cash expenses of approximately $625,000 for stock-based compensation, approximately
$3.2 million for depreciation, and a decrease in working capital of approximately $158,000.

Cash
flows used in operating activities for the nine months ended September 30,