Company: SIDU
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010989
Chunk: 76

Company: Sidus Space Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 8
Chunk 76
---
    2024  
    Change  
    % 

    Three Months Ended  

    March 31,  

    2025  
    2024  
    Change  
    % 
  
    Selling, General & Administrative expenses 

    Payroll expenses 
    $2,508,800  
    $1,505,298  
    $1,003,502  
     67%
  
    Sales and marketing expenses 
     54,088  
     35,418  
     18,670  
     53%
  
    Lease expense 
     101,442  
     92,204  
     9,238  
     10%
  
    Professional fees 
     208,475  
     448,077  
     (239,602) 
     (53)%
  
    General and administrative expense 
     1,571,637  
     1,564,586  
     7,051  
     0%
  
    Total 
    $4,444,442  
    $3,645,583  
    $798,859  
     22%

Note
16. Concentration 

As
of March 31, 2025 and December 31, 2024, and for three months ended March 31, 2025 and 2024, customer concentrations (more than 10%)
were as follows:

 Schedule
of customer concentration risk 

    Percentage of Revenue  
    Percentage of 

    For the three months ended  
    Accounts Receivable 

    March 31,  
    March 31,  
    December 31, 

    2025  
    2024  
    2025  
    2024 
  
    Bechtel 
     25% 
     29% 
     13% 
     13%
  
    Craig Technologies 
     23% 
     24% 
     58% 
     44%
  
    Xiomas Technologies 
     15% 
     5% 
     2% 
     1%
  
    TNO 
     0% 
     0% 
     9% 
     34%
  
    Total (as a group) 
     63% 
     58% 
     82%