Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 278

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 278
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During
the year ended December 31, 2024 and 2023, the Company granted 25,000 and 39,752 options valued at $95,325 and $583,580, respectively.
During the year ended December 31, 2024 and 2023, the Company recognized stock option expense of $174,736 and $49,688, respectively,
and as of December 31, 2024, $454,483 remains unamortized. The intrinsic value of the 64,752 options outstanding as of December 31 2024,
is $17,000.

A
summary of activity of the stock options during the year ended December 31, 2024 and 2023, 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, 2022 
     -  
    $-  
     - 
  
    Granted 
     39,752  
     16.42  
     5.00 
  
    Exercised 
     -  
     -  
     - 
  
    Forfeited/canceled 
     -  
     -  
     - 
  
    Outstanding, December 31, 2023 
     39,752  
    $16.42  
     4.64 
  
    Granted 
     25,000  
     4.12  
     5.00 
  
    Exercised 
     -  
     -  
     - 
  
    Forfeited/canceled 
     -  
     -  
     - 
  
    Outstanding, December 31, 2024 
     64,752  
    $11.67  
     3.82 

    Exercisable options, December 31, 2024 
     10,088  
    $17.67  
     3.64 

Note
16. Income tax

The
Company has not made a provision for income taxes for the year ended December 31, 2024 and 2023, since the Company has the benefit of
net operating losses in these periods