Company: SIDU
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023543
Chunk: 56

Company: Sidus Space Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 56
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, we had approximately $12.7 million of cash as compared to approximately $15.7 million as of December 31, 2024.

As
of September 30, 2025 working capital is primarily due to funds raised in our September capital raise partially offset by the build out
of our LizzieSat satellites in anticipation of additional upcoming launches. As of December 31, 2024, our working capital 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