Company: SIDU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024043
Chunk: 24

Company: Sidus Space Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 24
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,629  
     61%
  
    Sales and marketing expenses 
     113,551  
     105,911  
     7,640  
     7%
  
    Lease expense 
     204,787  
     190,211  
     14,576  
     8%
  
    Professional fees 
     375,164  
     653,876  
     (278,712) 
     (43)%
  
    General and administrative expense 
     3,006,256  
     2,642,075  
     364,181  
     14%
  
    Total 
    $8,707,711  
    $6,702,397  
    $2,005,314  
     30%
  
    Operating expenses 
    $8,707,711  
    $6,702,397  
    $2,005,314  
     30%

Note
16. Concentration

As
of June 30, 2025 and December 31, 2024, and for six months ended June 30, 2025 and 2024, customer concentrations (more than 10%) were
as follows:

 Schedule
of Customer Concentration Risk 

    Percentage of Revenue  
    Percentage of 

    For the six months ended  
    Accounts Receivable 

    June 30,  
    June 30,  
    December 31, 

    2025  
    2024  
    2025  
    2024 
  
    Bechtel 
     37% 
     35% 
     18% 
     13%
  
    Craig Technologies 
     43% 
     15% 
     54% 
     44%
  
    Xiomas Technologies 
     7% 
     4% 
     4% 
     1%
  
    TNO 
     -  
     -  
     5% 
     34%
  
    Total (as a group) 
     87% 
     54% 
     81% 
     92%

Note
17. Subsequent Events

July
2025 Public Offering

On
July 29, 2025, the Company completed an underwritten public offering of 7,143,000