Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1270

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 1270
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 results of our operations and our effective tax rate.

We
will be subject to taxes in the United States and certain foreign jurisdictions. Due to economic and political conditions, tax rates
in various jurisdictions, including the United States, may be subject to change. Our future effective tax rates could be affected by
changes in the mix of earnings in countries with differing statutory tax rates, changes in the valuation of deferred tax assets and liabilities
and changes in tax laws or their interpretation. In addition, we may be subject to income tax audits by various tax jurisdictions. Although
we believe our income tax liabilities are reasonably estimated and accounted for in accordance with applicable laws and principles, an
adverse resolution by one or more taxing authorities could have a material impact on the results of our operations. Further, we may be
unable to utilize our net operating losses in the event a change in control is determined to have occurred.

Our
Chief Executive Officer, Carol Craig, is also the Chief Executive Officer of CTC and may allocate her time to such other business thereby
causing conflicts of interest in her determination as to how much time to devote to our affairs. This could have a negative impact on
our ability to implement our plan of operation.

Our
Chief Executive Officer, Carol Craig, is also the Chief Executive Officer of CTC and may not commit her full time to our affairs, which
may result in a conflict of interest in allocating her time between our business and the other business. Ms. Craig spends approximately
70 hours per week working for us. Furthermore, our Chief Executive Officer is not obligated to contribute any specific number of her
hours per week to our affairs. If other business affairs require our Chief Executive Officer to devote more amounts of time to other
affairs, including the business of CTC, it could limit their ability to devote time to our affairs and could have a negative impact on
our ability to implement our plan of operation.

32

Risks
Related to our Relationship with Craig Technical Consulting, Inc.

The
ownership by our Chief Executive Officer of shares of CTC common stock may create, or may create the appearance of, conflicts of interest.

The
ownership by our Chief Executive Officer of shares of CTC common stock may create, or may create the appearance of, conflicts of interest.
Ownership by our Chief Executive Officer of common stock of CTC, creates, or, may create the appearance of, conflicts of interest when
she is faced with decisions that could have different implications for CTC than the decisions have for us