Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1269

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 1269
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 releases at or from the property. Under federal law, generators of waste materials, and current and former owners or operators
of facilities, can be subject to liability for investigation and remediation costs at locations that have been identified as requiring
response actions. Compliance with environmental laws and regulations can require significant expenditures. In addition, we could incur
costs to comply with such current or future laws and regulations, the violation of which could lead to substantial fines and penalties.

We
may have to pay governmental entities or third parties for property damage and for investigation and remediation costs that they incurred
in connection with any contamination at our current and former properties without regard to whether we knew of or caused the presence
of the contaminants. Liability under these laws may be strict, joint and several, meaning that we could be liable for the costs of cleaning
up environmental contamination regardless of fault or the amount of waste directly attributable to us. Even if more than one person may
have been responsible for the contamination, each person covered by these environmental laws may be held responsible for all of the clean-up
costs incurred. Environmental liabilities could arise 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