Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 382

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 382
---
,
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 during 2021.

Due
to uncertainties surrounding the Company’s ability to generate future taxable income to realize deferred income tax assets arising
as a result of net operating losses carried forward, the Company has not recorded any deferred income tax assets as of December 31, 2024.
The Company has incurred a net operating loss of $17,707,422. The net operating loss carry forwards can offset 80 percent of future taxable
income and carryforward indefinitely as determined by respective tax regulating authorities. The Company’s net operating loss carry