Sidus Space, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases

Schedule of Operating lease expense

The operating lease expense were as follows:

Schedule of Operating lease expense

	2023		2022
	Year Ended December 31,
	2023		2022
Operating lease cost	$	353,329	$	338,389

Summary of Other Supplemental Information

Supplemental balance sheet information related to operating leases was as follows:

	December 31, 2023			December 31, 2022
Operating lease right-of-use assets at inception	$	1,276,515		$	1,119,675
Accumulated amortization		(1,160,942	)		(869,738	)
Total operating lease right-of-use assets	$	115,573		$	249,937

Operating lease liabilities - current	$	119,272		$	199,158
Operating lease liabilities - non-current		-			63,310
Total operating lease liabilities	$	119,272		$	262,468

Weighted-average remaining lease term — operating leases (year)		0.42			1.20
Weighted-average discount rate — operating leases		4.73	%		4.86	%

Summary of Future Minimum Lease Payments Under Operating Leases

Future minimum lease payments under operating leases that have initial noncancelable lease terms in excess of one year at December 31, 2023 were as follows:

Year Ending December 31,
2024	$	120,211
Thereafter		-
Total undiscounted lease payments		120,211
Less: Imputed interest		(939	)
Operating lease liabilities		119,272