Sidus Space Inc
For the period ended Sep 30, 2024. Filed Nov 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 14, 2024
SIDU$0.99+6.5%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Condensed Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023
CONSOLIDATED BALANCE SHEETS
| September 30, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets | ||
| Cash | $1,231,401 | $1,216,107 |
| Accounts receivable | 1,495,340 | 1,175,077 |
| Accounts receivable - related parties | 269,957 | 67,447 |
| Inventory | 1,700,614 | 1,217,929 |
| Contract asset | 77,124 | 77,124 |
| Contract asset - related party | 50,204 | 43,173 |
| Prepaid and other current assets | 4,405,168 | 5,405,453 |
| Total current assets | 9,229,808 | 9,202,310 |
| Property and equipment, net | 13,198,308 | 9,570,214 |
| Operating lease right-of-use assets | 192,498 | 115,573 |
| Intangible asset | 398,135 | 398,135 |
| Other assets | 78,066 | 64,880 |
| Total Assets | $23,096,815 | $19,351,112 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities | ||
| Accounts payable and other current liabilities | $5,236,280 | $6,697,562 |
| Accounts payable and accrued interest - related party | 1,025,288 | 677,039 |
| Contract liability | 77,124 | 77,124 |
| Contract liability - related party | 50,204 | 43,173 |
| Asset-based loan liability | 4,401,772 | 2,587,900 |
| Notes payable | 2,836,150 | 2,017,286 |
| Operating lease liability | 192,497 | 119,272 |
| Total current liabilities | 13,819,315 | 12,219,356 |
| Total Liabilities | 13,819,315 | 12,219,356 |
| Commitments and contingencies | - | - |
| Stockholders’ Equity | ||
| Preferred Stock: 5,000,000 shares authorized; $0.0001 par value; no shares issued and outstanding | ||
| Series A convertible preferred stock: 2,000 shares authorized; 0 and 372 shares issued and outstanding, respectively | - | - |
| Common stock: 210,000,000 authorized; $0.0001 par value Class A common stock: 200,000,000 shares authorized; 4,081,344 and 983,173 shares issued and outstanding, respectively | 409 | 98 |
| Class B common stock: 10,000,000 shares authorized; 100,000 shares issued and outstanding | 10 | 10 |
| Additional paid-in capital | 63,955,422 | 49,918,441 |
| Accumulated deficit | (54,678,341) | (42,786,793) |
| Total Stockholders’ Equity | 9,277,500 | 7,131,756 |
| Total Liabilities and Stockholders’ Equity | $23,096,815 | $19,351,112 |
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.
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