Company: KITTW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001849820-25-000211
Chunk: 32

Company: Nauticus Robotics, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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 equivalents1,477,357 7,369,545 Cash and cash equivalents, beginning of period1,186,047 753,398 Cash and cash equivalents, end of period$2,663,404 $8,122,943 Supplemental disclosure of cash flow information:  Cash paid for interest$31,140 $111,875 Cash paid for taxes$- $- Non-cash investing and financing activities:  

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Conversion of 2024 Term Loan notes and interest to Common Stock$2,870,573 $- Earnout shares for acquisition$6,864,729 $- Debt assumed in acquisition$2,437,743 $- Accrued purchase price$3,537,963 $- Operating leases at inception$- $1,095,067 Exercise of warrants$- $4,451,163 Fair value of conversion of convertible secured debentures to common stock$- $3,485,645 Capitalized paid-in-kind (PIK) interest$- $649,922 Liabilities relieved through sale of asset held for sale$- $1,158,609 Transfer from assets held for sale to property and equipment$- $1,114,883 

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

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Table of ContentsNAUTICUS ROBOTICS, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED)

1. Description of the Business

Nauticus Robotics, Inc. (the “Company,” “our,” “us” or “we”) is a developer of ocean robots, cloud software and services delivered to the ocean industry. Our principal corporate offices are located in Webster, Texas. Our portfolio includes fully autonomous underwater vehicles (AUVs), remotely operated vehicles (ROVs), robotic manipulators, an open robotic operating system, and related consulting and prototype services with a strong alignment to offshore energy and national security interests. Our technology solutions enable autonomous operations for both the commercial and defense sectors.To effectively enter markets dominated by legacy solutions, Nauticus has developed innovative, value-driven technologies. Our flagship autonomous fully electric vehicle, Aquanaut® , provides advantages over conventional tethered ROVs and untethered AUVs. Aquanaut represents the next generation of subsea robotics integrating eight independent thrusters to precisely propel and position a