Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1210

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 1210
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4 and 2023, the Company granted 25,000 and 39,752 options valued at $95,325 and $583,580, respectively.
During the year ended December 31, 2024 and 2023, the Company recognized stock option expense of $174,736 and $49,688, respectively,
and as of December 31, 2024, $454,483 remains unamortized. The intrinsic value of the 64,752 options outstanding as of December 31 2024,
is $17,000.

A
summary of activity of the stock options during the year ended December 31, 2024 and 2023, is as follows:

Schedule
of Activity of Stock Options

    Options Outstanding  
    Weighted Average 

    Number of  
    Weighted Average  
    Remaining life 

    Options  
    Exercise Price  
    (years) 

    Outstanding, December 31, 2022 
     -  
    $-  
     - 
  
    Granted 
     39,752  
     16.42  
     5.00 
  
    Exercised 
     -  
     -  
     - 
  
    Forfeited/canceled 
     -  
     -  
     - 
  
    Outstanding, December 31, 2023 
     39,752  
    $16.42  
     4.64 
  
    Granted 
     25,000  
     4.12  
     5.00 
  
    Exercised 
     -  
     -  
     - 
  
    Forfeited/canceled 
     -  
     -  
     - 
  
    Outstanding, December 31, 2024 
     64,752  
    $11.67  
     3.82 

    Exercisable options, December 31, 2024 
     10,088  
    $17.67  
     3.64 

Note
16. Income tax

The
Company has not made a provision for income taxes for the year ended December 31, 2024 and 2023, since the Company has the benefit of
net operating losses in these periods and the Company changed from a limited liability partnership to a C corporation