Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1125

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 1125
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 and have a material adverse effect on our financial condition and performance.
We do not believe, however, that pending environmental regulatory developments in this area will have a material effect on our capital
expenditures or otherwise materially adversely affect its operations, operating costs, or competitive position.

The
COVID-19 pandemic has and could continue to negatively affect various aspects of our business, make it more difficult for us to meet
our obligations to our customers, and result in reduced demand for our products and services, which could have a material adverse effect
on our business, financial condition, results of operations, or cash flows.

In
December 2019, a novel strain of coronavirus was reported to have surfaced in Wuhan, China, and it has since spread throughout other
parts of the world, including the United States. Any outbreak of contagious diseases or other adverse public health developments could
have a material adverse effect on our business operations. These impacts to our operations have included and could again in the future
include disruptions or restrictions on the ability of our employees and customers to travel or our ability to pursue collaborations and
other business transactions, travel to customers and/or conduct live demonstrations of our products, oversee the activities of our third-party
manufacturers and suppliers. We may also be impacted by the temporary closure of the facilities of suppliers, manufacturers, or customers.

Changes
in tax laws or regulations may increase tax uncertainty and adversely affect 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