Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1014

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 1014
---
 computation
was anti-dilutive.

 Schedule
of Diluted Net Loss Per Share

    December 31,  
    December 31, 

    2024  
    2023 

    (Shares)  
    (Shares) 
  
    Warrants excluding pre-funded warrant 
     5,402,306  
     233,818 
  
    Series A convertible preferred stock 
     -  
     283,512 
  
    Total
    common stock equivalents 
     5,402,306  
     517,330 

     F-11 

Leases

We determine if an arrangement is a lease at inception.
Operating leases are included in operating lease right-of-use (“ROU”) assets, operating lease liabilities - current, and
operating lease liabilities - noncurrent on the balance sheets. Finance leases are included in property and equipment, other current
liabilities, and other long-term liabilities in our balance sheets.

ROU assets represent our right to use an underlying
asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease
ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most
of our leases do not provide an implicit rate, we generally use our incremental borrowing rate based on the estimated rate of interest
for collateralized borrowing over a similar term of the lease payments at commencement date. The operating lease ROU asset also includes
any lease payments made and excludes lease incentives. Our lease terms may include options to extend or terminate the lease when it is
reasonably certain that we will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the
lease term.

Leases with a lease term of 12 months or less at
inception are not recorded on our balance sheet and are expensed on a straight-line basis over the lease term in our statement of operations.

Income Taxes

The Company adopted FASB ASC 740, Income Taxes, at
its inception. Under FASB ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to
differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred
tax assets, including tax loss and credit carryforwards, and liabilities are measured using enacted tax rates expected to apply to taxable
income in the years in which those temporary differences are