Company: SIDU
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010989
Chunk: 64

Company: Sidus Space Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 8
Chunk 64
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249,512  
    $374,480 
  
    Prepaid components 
     135,534  
     528,000 
  
    Prepaid satellite services & licenses 
     1,575,944  
     2,353,757 
  
    Prepaid software 
     77,071  
     82,440 
  
    Other current assets 
     129,807  
     90,979 
  
    Total 
    $2,167,868  
    $3,429,656 

During
the three months ended March 31, 2025 and 2024, the Company recorded interest expense of $5,462 and $894 related to cash paid for interest
from financing of our prepaid insurance policies.

    -13-

Note
5. Inventory

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

Schedule
of Inventory

    March 31,  
    December 31, 

    2025  
    2024 
  
    Work in Process 
    $142,972  
    $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.

Note
6. Property and Equipment

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

Schedule
of Property and Equipment

    March 31,  
    December 31, 

    2025  
    2024 
  
    Office equipment 
    $17,061  
    $17,061 
  
    Computer equipment 
     46,285  
     41,233 
  
    Vehicle 
     35,424  
     35,424 
  
    Software 
     1,397,556  
     1,358,558 
  
    Machinery 
     3,257,764  
     3,257,764 
  
    Leasehold improvements 
     397,536  
     397,536 
  
    Satellite and related software 
     15,712,547  
     12,305,379 
  
    Construction in progress 
     2,