Company: SIDU
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023543
Chunk: 17

Company: Sidus Space Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 17
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5 and Q4 2024 Board of Director compensation payments.

Cost
of Revenue

For
the nine months ended September 30, 2025 and 2024, the Company recorded cost of revenue to Craig Technical Consulting, Inc. of $653,586
 and $271,512, respectively.

Professional
Service Agreements

A
professional services agreement, effective November 15, 2021, was made, between the Company and Craig Technical Consulting, Inc. The
period of performance for this agreement was December 1, 2021, through November 30, 2022. The agreement was amended, and the term of
agreement was extended to September 30, 2025.

During
the nine months ended September 30, 2025 and 2024, the Company recorded professional services of $49,119  and $125,178, respectively.

Sublease

On
August 1, 2021, the Company entered into a sublease agreement with its related party and a principal shareholder (“Sublandlord”),
whereby the Company subleases certain offices, rooms and shared use of common spaces located at 150 Sykes Creek Parkway, Merritt Island,
FL. The sublease agreement is a month-to-month lease and may be terminated with 30 days’ notice to the Sublandlord. The monthly
rent shall be $4,618.03 from February 1, 2024 to January 31, 2025, $4,756.57 from February 1, 2025 to January 31,2026 and $4,899.27 from
February 1, 2026 to January 31, 2027. A common area maintenance fee (CAM) will be charged in addition to the monthly rent. During the
nine months ended September 30, 2025 and 2024, the Company recorded $61,816 and $58,780 directly related to this short-term month to
month lease to lease expenses.

Note
13. Commitments and Contingencies

Litigation

From
time to time, the Company may become involved in various lawsuits and legal proceedings, which arise in the ordinary course of business.
We are currently not aware of any such legal proceedings or claims that will have, individually or in aggregate, a material adverse effect
on our business, financial condition, or operating results.

License
Agreement

The
consolidated financial statements include Aurea Alas Limited,