Company: SIDU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024043
Chunk: 20

Company: Sidus Space Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 20
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 2025 
     3,171,172  
    $2.68  
     4.77 

    *
    Prefunded warrants issued in December
    2024

    21

The
intrinsic value of the warrants as of June 30, 2025 is $62,303.

Stock
Options

On
February 1, 2025, the Company granted 265,000 options with an exercise price of $2.57, with a term of five (5) years to exercise
from the grant date to employees of the Company. Options issued vest at 33% of shares subject to the option on each anniversary
date, on February 1, 2026, 2027 and 2028.

The
Company utilizes the Black-Scholes model to value its stock options. The Company utilized the following assumptions:

Schedule
of Utilizes Black-Scholes Model to Value of Stock Options

    Six months ended 

    June 30, 

    2025 
  
    Expected term 
     3.50 years 
  
    Expected average volatility 
     189%
  
    Expected dividend yield 
     - 
  
    Risk-free interest rate 
     4.27%

During
the six months ended June 30, 2025, the 265,000 options that were granted were valued at $609,330. During the six months ended June
30, 2025 and 2024, the Company recognized stock option expense of $223,632 and $86,044, respectively, and as of June 30, 2025, $840,180 remains
unamortized and is expected to be recognized ratably over the remaining vesting period through February 1, 2028. The intrinsic value
of the 329,752 options outstanding as of June 30, 2025, is $0.

A
summary of activity of the stock options during the six months ended June 30, 2025, is as follows:

Schedule
of Activity of Stock Options

    Options Outstanding  
    Weighted Average 

    Number of  
    Weighted Average  
    Remaining life 

    Options  
    Exercise Price  
    (years) 

    Outstanding, December 31, 2024 
     64,752  
    $11.67  
     3.