Company: KITTW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001849820-25-000128
Chunk: 28

Company: Nauticus Robotics, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 28
---
---- 6,864,729 - - 6,864,729 Vesting of RSUs--59,3486 (6)- - - Other--19,5202 (2)- - - Net loss---- - - (7,567,187)(7,567,187)Balance at March 31, 202519,846$2 35,153,188$3,515 $262,825,753 $(42,229)$(261,265,539)$1,521,502 

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

4

NAUTICUS ROBOTICS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

Three months ended March 31,20252024Cash flows from operating activities:Net loss$(7,567,187)$(72,838,936)Adjustments to reconcile net loss to net cash used in operating activities:  Depreciation480,376 426,185 Amortization of debt discount9,895 381,592 Amortization of debt issuance cost173,447 142,821 Capitalized paid-in-kind (PIK) interest166,882 - Accretion of RCB Equities #1, LLC exit fee24,152 24,212 Stock-based compensation312,679 530,655 Change in fair value of warrant liabilities(50,888)(8,309,623)Change in fair value of New Convertible Debentures- (4,504,426)Change in fair value of November 2024 Debentures723,926 - Loss on extinguishment of debt- 78,734,949 Non-cash lease expense95,247 115,778 Gain on disposal of assets- (4,231)Gain on lease termination- (15,365)Changes in operating assets and liabilities:  Accounts receivable(115,200)55,101 Inventories- (15,930)Other assets(282,031)1,196,413 Accounts payable and accrued liabilities(517,629)(222,104)Contract liabilities- (2,289,834)Operating lease liabilities(103,552)(67,539)Net cash used in operating activities(6,649,883)(6,660,282)