Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 258

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 258
---
 $78,597  
    $65,656 

    Liability 

    Accounts payable and other current
    liabilities 
    $78,575  
    $74,219 

For the years ended December 31, 2024 and 2023, Aurea’s
net loss was $170,114 and $157,467, respectively.

     F-13 

Note
4. Prepaid expense and Other current assets

As
of December 31, 2024 and 2023, prepaid expense and other current assets are as follows:

Schedule
of Prepaid Expense and Other Current Assets 

    December 31,  
    December 31, 

    2024  
    2023 
  
    Prepaid insurance 
    $374,480  
    $699,310 
  
    Prepaid components 
     528,000  
     1,258,965 
  
    Prepaid satellite services & licenses 
     2,353,757  
     3,313,706 
  
    Prepaid software 
     82,440  
     91,258 
  
    Other current assets 
     90,979  
     42,214 
  
    Total 
    $3,429,656  
    $5,405,453 

During
the years ended December 31, 2024 and 2023, the Company recorded interest expense of $18,492 and $26,302 related to financing of our
prepaid insurance policies.

Note
5. Inventory

As
of December 31, 2024 and 2023, inventory is as follows:

Schedule
of Inventory 

    December 31, 2024  
    December 31, 2023 
  
    Work in Process 
    $255,716  
    $858,642 

Work in Process consists of components and related labor and other costs incurred on applicable contracts based on estimated total costs
to complete. Related labor and other non-component costs for longer term contracts subject to contractual invoicing arrangement are reflected
in contracts receivable. For comparison purposes 2023 was adjusted to reflect labor and other related costs for longer term contracts
subject to contractual invoicing arrangements previously reflected in Work in Process to be reflected in contracts receivable.

Note
6. Property and Equipment

At
December 31, 2024 and 2023, property and equipment