Company: SIDU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024043
Chunk: 10

Company: Sidus Space Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 10
---
  
    December 31, 

    2025  
    2024 
  
    Prepaid insurance 
    $181,691  
    $374,480 
  
    Prepaid components 
     1,753,568  
     528,000 
  
    Prepaid satellite services & licenses 
     1,953,366  
     2,353,757 
  
    Prepaid software 
     150,195  
     82,440 
  
    Other current assets 
     116,578  
     90,979 
  
    Total 
    $4,155,398  
    $3,429,656 

During
the six months ended June 30, 2025 and 2024, the Company recorded interest expense of $8,008 and $6,950 respectively, related
to cash paid for interest from financing of our prepaid insurance policies.

Note
5. Inventory

As
of June 30, 2025 and December 31, 2024, inventory is as follows:

Schedule
of Inventory

    June 30,  
    December 31, 

    2025  
    2024 
  
    Work in Process 
    $370,067  
    $255,716 

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.

    15

Note
6. Property and Equipment

As
of June 30, 2025 and December 31, 2024, property and equipment consisted of the following:

Schedule
of Property and Equipment

    June 30,  
    December 31, 

    2025  
    2024 
  
    Office equipment 
    $17,061  
    $17,061 
  
    Computer equipment 
     46,285  
     41,233 
  
    Vehicle 
     35,424  
     35,424 
  
    Software 
     1,131,091  
     1,358,558 
  
    Machinery 
     3,257,764  
     3,257,764 
  
    Leasehold improvements 
     397,536