Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1005

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 1005
---
  
     1,811,000 
  
    Proceeds from asset-based loan agreement 
     7,305,852  
     6,379,624 
  
    Repayment of asset-based loan agreement 
     (2,991,116) 
     (4,294,073)
  
    Proceeds from stock payable for 10,000
    shares for exercise of warrants 
     22,500  
     - 
  
    Repayment of notes payable 
     (150,000) 
     (302,983)
  
    Dividend paid 
     -  
     (19,555)
  
    Net Cash provided
    by Financing Activities 
     37,787,360  
     18,362,134 

    Net change in cash 
     14,487,472  
     (1,079,152)
  
    Cash, beginning of period 
     1,216,107  
     2,295,259 
  
    Cash, end of period 
    $15,703,579  
    $1,216,107 

    Supplemental cash flow information 

    Cash paid for interest 
    $1,304,144  
    $190,920 
  
    Cash paid for taxes 
    $-  
    $- 

    Non-cash Investing and Financing transactions: 

    Class A common stock
    issued for conversion of Series A convertible preferred stock 
    $16,566  
    $- 
  
    Recognition of right-of-use
    asset and lease liability 
    $284,861  
    $135,235 
  
    Class A common stock
    issued for exercised cashless warrant 
    $-  
    $166,483 

The accompanying notes are an integral part of
these consolidated financial statements.

 F-5 

SIDUS SPACE, INC.

NOTES TO THE CONSOLIDATED
FINANCIAL STATEMENTS

DECEMBER 31, 2024 AND 2023

Note 1. Organization and Description of Business

Organization

Sidus Space Inc. (“Sidus”, “we”,
“us” or the “Company”), was formed as Craig Technologies Aerospace Solutions, LLC, in the state of Florida, on
July 17, 2012. On April 16, 2021, the Company filed a Certificate of Conversion to