Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 550

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 550
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 following procedures:

-Obtained
                                            and read contract source documents for each selection, including master agreements, and other
                                            documents that were part of the agreement.

-Tested
                                            management’s identification and treatment of contract terms and provisions.

-Assessed
                                            the terms in the customer agreement and evaluated the appropriateness of management’s application
                                            of their accounting policies, along with their use of estimates, in the determination of
                                            revenue recognition conclusions.

●We
                                            tested the mathematical accuracy of management’s calculations of revenue and the associated
                                            timing of revenue recognized in the financial statements.

Fruci
& Associates II, PLLC – PCAOB ID #05525

We have served as the Company’s auditor since 2024.  

Spokane, Washington

March
31, 2025  

 F-1 

-SIDUS SPACE, INC.

CONSOLIDATED BALANCE SHEETS

    December 31,  
    December 31, 

    2024  
    2023 
  
    Assets 

    Current assets 

    Cash 
    $15,703,579  
    $1,216,107 
  
    Accounts receivable 
     827,886  
     1,175,077 
  
    Accounts receivable - related parties 
     641,376  
     67,447 
  
    Accounts receivable 
     641,376  
     67,447 

    Inventory 
     255,716  
     858,642 
  
    Contract asset 
     1,347,386  
     436,411 
  
    Contract asset - related party 
     46,953  
     43,173 
  
    Contract asset 
     46,953  
     43,173 

    Prepaid and other current assets 
     3,429,656  
     5,405,453 
  
    Total current assets 
     22,252,552  
     9,202,310 

    Property and equipment, net 
     14,891,976  
     9,570,214 
  
    Operating lease right-of-use assets 
     121,545  
     115,573 
  
    Intangible asset 
     398,135  
     398,135 
  
    Other assets 
     81,359  
     64