Company: SIDU
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023543
Chunk: 50

Company: Sidus Space Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 50
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 business
    development and sales consulting services as well as temporary office and operations related labor. 

    ●
    An
    increase of approximately $22,000 depreciation expense to approximately $95,000 compared to approximately $72,000 in 2024.

These
increases were partially offset by the following decreases:

    ●
    A
    decrease of approximately $20,000 in insurance expense to approximately $161,000 compared to approximately $182,000 in 2024 primarily
    related to a reduction in our D&O insurance rates

    ●
    A
    decrease of $21,000 in business taxes primarily due to timing of an increase in 2024 franchise taxes.

Total
other income (expenses)

Other
income and (expenses) showed a decrease of $328,498 to $402,193 compared to $730,691 in 2024 primarily due to a decrease in interest
expense related to the Note Payable which was paid off in January 2025, and an increase in interest income. This was partially offset
by an increase in interest expense related our asset-based loan.

Nine
Months Ended September 30, 2025 compared to the Nine Months Ended September 30, 2024

    Nine Months Ended  

    September 30,  

    2025  
    2024  
    Change  
    % 
  
    Revenue 
    $2,797,575  
    $3,846,683  
    $(1,049,108) 
     (27)%
  
    Cost of revenue 
     6,752,160  
     4,565,549  
     2,186,611  
     48%
  
    Gross Profit (Loss) 
     (3,954,585) 
     (718,866) 
     (3,235,719) 
     450%
  
    Gross Profit Percentage 
     (141)% 
     (19)% 

    Selling, General & Administrative Expense 
     13,040,152  
     9,912,466  
     3,127,686  
     32%
  
    Other expense 
     (1,078,559) 
     (1,217,841) 
     139,282  
     (11)%
  
    Net loss 
    $(18,073,296)