Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1280

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 1280
---
 we believe enhance our ability to identify and manage cybersecurity
risks. Assessing, identifying, and managing cybersecurity related risks are factored into our overall business approach. We rely heavily
on our supply chain to deliver our products and services, and a cybersecurity incident at a subcontractor, or business partner could
materially adversely impact us. We require that our subcontractors report cybersecurity incidents to our IT Incident Response Coordinator
who will investigate the direct impact of the incident. Once a potential incident has been confirmed, the Incident Response Coordinator
will notify senior management that activation of the incident response plan is required and assign a severity rating, ranging from none
to critical, based on the perceived impact.

Governance

The Audit Committee has
oversight responsibility for risks and incidents relating to cybersecurity threats, including compliance with disclosure requirements,
cooperation with law enforcement, and related effects on financial and other risks, and it reports any findings and recommendations,
as appropriate, to the full Board for consideration. Senior management regularly discusses cyber risks and trends and, should they arise,
any material incidents with the Audit Committee.

While we have not experienced
any material cybersecurity threats or incidents in recent years, there can be no guarantee that we will not be the subject of future
threats or incidents. Notwithstanding the extensive approach we take to cybersecurity, we may not be successful in preventing or mitigating
a cybersecurity incident that could have a material adverse effect on us. While we maintain cybersecurity insurance, the costs related
to cybersecurity threats or disruptions may not be fully insured. See “Risk Factors” for a discussion of cybersecurity risks.

 38 

ITEM 2. PROPERTIES

Our corporate headquarters is located at 150 N. Sykes
Creek Parkway, Suite 200, Merritt Island, Florida 32953. We occupy facilities totaling approximately 3,500 square feet under a sublease
from Craig Technical Consulting, Inc., a related party and an entity owned and controlled by our Chief Executive Officer, Carol Craig,
pursuant to a commercial sublease agreement (the “Lease Agreement”), dated August 1, 2021 and amended February 1, 2024. The
amended Lease Agreement is month to month with up to  a 3-year term. We currently pay $4,618 plus CAM per month plus applicable sales and use tax, which
is currently 3.0% in Brevard County. We believe this location is adequate for our current operations and needs.

In addition, our manufacturing spaces are