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

Contract assets and liabilities (Tables)

9 Months Ended

Sep. 30, 2022

At September 30, 2022 and December 31, 2021, contract assets and contract liabilities consisted of the following:

Contract assets	September 30, 2022		December 31, 2021

Revenue recognized in excess of amounts paid or payable (contracts receivable) to the company on uncompleted contracts (contract asset), excluding retainage	$	-	$	-
Retainage included in contract assets due to being conditional on something other than solely passage of time		60,932		-
Total contract assets	$	60,932	$	-

Contract liabilities	September 30, 2022		December 31, 2021

Payments received or receivable (contracts receivable) in excess of revenue recognized on uncompleted contracts (contract liability), excluding retainage	$	-	$	-
Retainage included in contract liabilities due to being conditional on something other than solely passage of time		60,932		-
Total contact liabilities	$	60,932	$	-

At September 30, 2022 and December 31, 2021, accounts payable and accrued interest owed to CTC, consisted of the following: