Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1322

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 1322
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,000  
    $10  
    $83,887,682  
    $(60,353,224) 
    $23,536,065 

The accompanying notes are an integral part of
these consolidated financial statements.

 F-4 

SIDUS SPACE, INC.

CONSOLIDATED STATEMENTS OF
CASH FLOWS

    2024  
    2023 

    Years Ended 

    December
    31, 

    2024  
    2023 

    Cash Flows From Operating Activities: 

    Net loss 
    $(17,524,056) 
    $(14,328,348)
  
    Adjustments to reconcile net loss to net
    cash used in operating activities: 

    Stock based compensation 
     289,175  
     1,021,886 
  
    Depreciation and amortization 
     2,171,873  
     217,107 
  
    Bad debt 
     87,129  
     17,871 
  
    Changes in operating assets and liabilities: 

    Accounts receivable 
     260,062  
     (290,839)
  
    Accounts receivable - related party 
     (573,929) 
     100,723 
  
    Inventory 
     602,926  
     (265,594)
  
    Contract asset 
     (910,975) 
     (375,479)
  
    Contract asset - related party 
     (3,780) 
     (28,191)
  
    Prepaid expenses and other assets 
     1,959,318  
     (1,950,807)
  
    Accounts payable and accrued liabilities 
     (2,026,147) 
     3,986,275 
  
    Accounts payable and accrued liabilities
    - related party 
     (95,796) 
     110,403 
  
    Contract liability 
     (60,932) 
     16,192 
  
    Contract liability - related party 
     3,780  
     28,191 
  
    Changes in operating
    lease assets and liabilities 
     (3,700) 
     (8,832)
  
    Net Cash used in Operating
    Activities 
     (15,825,052) 
     (11