Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1094

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 1094
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’. The filing is a tool to obtain international recognition of these resources.

International
Traffic in Arms Regulations (“ITAR”) and Export Controls

Our
business is subject to, and we must comply with, stringent U.S. import and export control laws, including the ITAR and Export Administration
Regulations (“EAR”) of the Bureau of Industry and Security of the U.S. Department of Commerce. The ITAR generally restricts
the export of hardware, software, technical data, and services that have defense or strategic applications. The EAR similarly regulates
the export of hardware, software, and technology that has commercial or “dual-use” applications (i.e., for both military
and commercial applications) or that have less sensitive military or space-related applications that are not subject to the ITAR. The
regulations exist to advance the national security and foreign policy interests of the U.S.

The
U.S. government agencies responsible for administering the ITAR and the EAR have significant discretion in the interpretation and enforcement
of these regulations. The agencies also have significant discretion in approving, denying, or conditioning authorizations to engage in
controlled activities. Such decisions are influenced by the U.S. government’s commitments to multilateral export control regimes,
particularly the Missile Technology Control Regime concerning the spaceflight business.

Many
different types of internal controls and measures are required to ensure compliance with such export control rules. In particular, we
are required to maintain registration under the ITAR; determine the proper licensing jurisdiction and classification of products, software,
and technology; and obtain licenses or other forms of U.S. government authorizations to engage in activities, including the performance
by foreign persons, related to and who support our spaceflight business. Under ITAR, we must receive permission from the Directorate
of Defense Trade Controls to release controlled technology to a foreign person, employee and other foreign persons.

Employees/Human
Capital

As
of December 31, 2024, we had 104 full-time employees. We are not party to any collective bargaining agreements. Our workforce is concentrated
in the “Florida Space Coast,” however we are accustomed to working as a cohesive team with remote workers which should be
beneficial as we expand and add employees in different geographical areas nationwide and worldwide. Our management team is comprised
of our CEO and six (6) of her direct reports who, collectively, have management responsibility for our business. Our management team
places significant focus and attention on matters concerning our human capital assets, particularly our diversity, capability development