Sidus Space, Inc. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

Income tax (Tables)

Income tax (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Income Tax Reconciliation Income Tax Net Expenses

A reconciliation between expected income taxes, computed at the federal income tax rate of 21% applied to the pretax accounting loss, and our blended state income tax rate of 3.5%, and the income tax net expense included in the consolidated statements of operations for the year ended December 31, 2021 and December 31, 2020 is as follows:

	Year Ended			Year Ended
	December 31,			December 31,
	2021			2020

Loss for the year	$	(3,746,138	)	$	(1,542,906	)

Income tax (recovery) at statutory rate	$	(786,700	)		-
State income tax expense, net of federal tax effect		(131,100	)		-
Permanent difference and other		-			-
Change in valuation allowance		917,800			-
Income tax expense per books	$	-		$	-

Schedule of Net Deferred Tax Assets

Net deferred tax assets consist of the following components as of:

Schedule of Net Deferred Tax Assets

	December 31,			December 31,
	2021			2020

Non-operating loss carryforward	$	917,800		$	-
Valuation allowance		(917,800	)		-
Net deferred tax asset	$	-		$	-