Company: KITTW
Filing Date: 2025-04-15
Form Type: 10-Q/A
Source: 0001849820-25-000097
Chunk: 22

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-15
Form: 10-Q/A
Chunk 22
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#### NAUTICUS ROBOTICS, INC.

### NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
<div align='center'>(UNAUDITED)</div>

#### 6. Property and Equipment
Property and equipment consisted of the following:

|                                   |     |          | Useful       
 Life (years) |   |  March 31, 
       2024 |     |   | December 31, 
         2023 |
|:----------------------------------|:----|---------:|:-------------|:--|-----------:|:----|:--|-------------:|
| Leasehold improvements            |     |        5 |              | $ |    796,136 |     | $ |      796,136 |
| Property & equipment              |     | 3-5years |              |   |  6,315,759 |     |   |    5,906,859 |
| Technology hardware equipment     |     | 3-5years |              |   |  1,899,513 |     |   |    1,907,770 |
| Total                             |     |          |              |   |  9,011,408 |     |   |    8,610,765 |
| Less accumulated depreciation     |     |          |              |   | -2,478,158 |     |   |   -2,035,034 |
| Construction in progress          |     |          |              |   |  9,325,645 |     |   |    9,329,114 |
| Total property and equipment, net |     |          |              | $ | 15,858,895 |     | $ |   15,904,845 |

During the year ended December 31, 2023, the Company conducted a thorough review of its assets and decided to divest items that no longer aligned with its strategic objectives. This strategic shift aimed to enhance cash flow within the company. Consequently, through an update of its business model, the Company identified and reclassified $ 2,940,254worth of property and equipment, including Hydronaut vessels, the Drix unmanned surface vessel, and other miscellaneous equipment, as AHFS. At March 31, 2024 property and equipment totaling $ 1,310,832remains as AHFS with the decrease driven primarily by the sale of Hydronaut vessels 2 and 3 on January