Company: SIDU
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010989
Chunk: 68

Company: Sidus Space Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 8
Chunk 68
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 $49,118  
    $121,545 

    Operating lease liabilities - current 
    $49,118  
    $121,544 
  
    Operating lease liabilities - non-current 
     -  
     - 
  
    Total operating lease liabilities 
    $49,118  
    $121,544 

    Weighted-average remaining lease term — operating leases (years) 
     0.17  
     0.41 
  
    Weighted-average discount rate — operating leases 
     8.25% 
     8.25%

Future
minimum lease payments under operating leases that have initial noncancelable lease terms in excess of one year as of March 31, 2025,
were as follows:

Schedule
of Future Minimum Lease Payments Under Operating Leases

    Total 
  
    Year Ended December 31, 

    2025 - Remaining two months 
    $49,286 
  
    Thereafter 
     - 
  
    Total undiscounted lease payments 
     49,286 
  
    Less: Imputed interest 
     (168)
  
    Operating lease liabilities 
    $49,118 

Sublease

On
August 1, 2021, the Company entered into a Sublease Agreement with its related party and a principal shareholder (“Sublandlord”),
whereby the Company shall sublease certain offices, rooms and shared use of common spaces located at 150 Sykes Creek Parkway, Merritt
Island, FL. The Lease is a month-to-month lease and may be terminated with 30 days’ notice to the Sublandlord. The monthly rent
shall be $4,618.03 from February 1, 2024 to January 31, 2025, $4,756.57 from February 1, 2025 to January 31,2026 and $4,899.27 from February
1, 2026 to January 31, 2027. A common area maintenance fee (CAM) will be charged in addition to the monthly rent. During the three months
ended March 31, 2025 and 2024, the Company recorded $20,510 and $18,331 directly related to this short-term month to month lease to lease
expenses.

    -16-

Note
11. Notes Payable

Decathlon
Note

On
December 3, 2021, we entered into a Loan Assignment and