Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 233

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 233
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 $7.2 million and invested approximately $483,644 related to our Exo-Space acquisition
and approximately $6.7 million primarily related to the satellite side of our business.

Cash Flows from Financing Activities

During the year ended December 31, 2024, net cash
provided in financing activities of approximately $37.8 million included our January 2024, March 2024, November 2024 and December 2024
capital raises of approximately $33.6 million net proceeds, and approximately $4.3 million net proceeds of an asset-based loan agreement,
repayment of notes payable of $150,000 and proceeds from stock payable from warrants exercise.

During the year ended December 31, 2023, net cash
provided in financing activities of approximately $18.4 million included our January 2023, April 2023 and October 2023 capital raises
of approximately $16.6 million net proceeds, approximately $2.1 million net proceeds of an asset-based loan agreement, repayment of notes
payable of approximately $303,000 and dividend payments on Series A preferred stock units.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements
or relationships with unconsolidated entities or financial partnerships, such as entities often referred to as structured finance or
special purpose entities.

Critical Accounting Policies and Significant
Judgments and Estimates

This discussion and analysis of our financial condition
and results of operations is based on our financial statements, which have been prepared in accordance with generally accepted accounting
principles in the United States (“GAAP”). The preparation of these financial statements requires us to make estimates and
assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the
date of the financial statements, as well as the reported expenses incurred during the reporting periods. Our estimates are based on
our historical experience and on various other factors that we believe are reasonable under the circumstances, the results of which form
the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual
results may differ from these estimates under different assumptions or conditions. While our significant accounting policies are described
in more detail in the notes to our financial statements included elsewhere in this annual report on Form 10-K, we believe that the following
accounting policies are critical to understanding our historical and future performance, as these policies relate to the more significant
areas involving management’s