Company: SIDU
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010989
Chunk: 75

Company: Sidus Space Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 8
Chunk 75
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Award

During
the three months ended March 31, 2025, the Company recorded stock compensation expense of $39,166 for 15,359 vested shares as part of
an annual total stock award to be issued of 66,667 shares of Class A Common Stock to board members.

Note
15. Segment

The
Company operates as one operating segment. The Company’s chief operating decision maker (“CODM”) is its chief executive
officer, who reviews financial information presented on a consolidated basis. The CODM uses consolidated operating margin and net income
to assess financial performance and allocate resources. These financial metrics are used by the CODM to make key operating decisions,
such as the determination of the rate at which the Company seeks to grow global operating margin and the allocation of budget between
cost of revenues, sales and marketing, technology and development, and general and administrative expenses.

    -20-

The
following table presents selected financial information with respect to the Company’s single operating segment for the three months
ended March 31, 2025 and 2024:

Schedule
of Operating Segment

    2025  
    2024  
    Change  
    % 

    Three Months Ended  

    March 31,  

    2025  
    2024  
    Change  
    % 
  
    Revenue 
    $238,494  
    $1,050,155  
    $(811,661) 
     (77)%
  
    Cost of revenue 
     1,866,972  
     966,091  
     900,881  
     93%
  
    Gross Profit (Loss) 
     (1,628,478) 
     84,064  
     (1,712,542) 
     (2037)%
  
    Gross Profit Percentage 
     (683)% 
     8% 

    Operating expense 
     4,444,442  
     3,645,583  
     798,859  
     22%
  
    Other expense 
     (341,707) 
     (248,981) 
     (92,726) 
     37%
  
    Net loss 
    $(6,414,627) 
    $(3,810,500) 
    $(2,604,127) 
     68%

    2025