Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1213

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 1213
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 $(3,195,708) 
     22%

    2024  
    2023  
    Change  
    % 

    Years
    Ended  

    December
    31,  

    2024  
    2023  
    Change  
    % 
  
    Selling,
    general & administrative expenses 

    Payroll
    expenses 
    $6,978,930  
    $7,226,481  
    $(247,551) 
     (3)%
  
    Sales
    and marketing expenses 
     193,942  
     596,368  
     (402,426) 
     (67)%
  
    Lease
    expense 
     386,520  
     353,329  
     33,191  
     9%
  
    Professional
    fees 
     1,105,930  
     1,940,600  
     (834,670) 
     (43)%
  
    General
    and administrative expense 
     5,584,548  
     4,049,839  
     1,534,709  
     38%
  
    Total 
    $14,249,870  
    $14,166,617  
    $83,253  
     1%

Note
18. Subsequent events

Subsequent
to December 31, 2024, the Company issued a total of 2,247,667 shares of Class A common stock. 1,068,332 shares were from warrants exercised
at an exercise price of $2.25 per share from the Company’s December 2024 offering. 1,162,802 shares were from prefunded warrants
exercised, also related to the Company’s December 2024 offering, The remaining 16,533 shares related to vested Officer and Director
equity compensation issued in the form of Class A common stock.

F-27

ITEM
9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

None.

ITEM
9A. CONTROLS AND PROCEDURES

As
of the end of the period covered by this Report, we conducted an evaluation, under the supervision and with the participation of our
Chief Executive Officer and Chief Financial Officer, of our disclosure controls and