Company: KITTW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001849820-25-000278
Chunk: 35

Company: Nauticus Robotics, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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ITEM 1. FINANCIAL STATEMENTS

NAUTICUS ROBOTICS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

September 30,2025December 31,2024AssetsCurrent Assets:Cash and cash equivalents$5,492,350 $1,186,047 Restricted certificate of deposit53,411 52,151 Accounts receivable, net 1,097,224 238,531 Accounts receivable unbilled283,210 - Inventories914,748 880,594 Prepaid expenses1,666,462 1,389,434 Other current assets81,706 573,275 Assets held for sale- 750 Total Current Assets9,589,111 4,320,782 Property and equipment, net21,648,667 17,115,246 Operating lease right-of-use assets, net800,419 1,094,743 Other assets122,625 154,316 Goodwill10,652,389 - Total Assets$42,813,211 $22,685,087 Liabilities and Stockholders’ DeficitCurrent Liabilities:Accounts payable$4,392,396 $5,916,693 Accrued liabilities11,244,825 5,602,721 Contract liability343,493 346,279 Operating lease liabilities - current472,543 435,307 Notes payable - current2,376,635 -  Notes payable - current, fair value option (related party)2,711,954 - Notes payable - current, net of discount (related party)11,300,828 - Notes payable - current, net of discount13,647,910 - Total Current Liabilities46,490,584 12,301,000 Warrant liabilities36,175 181,913 Operating lease liabilities - long-term409,438 768,939 Notes payable - long-term, fair value option (related party)- 2,583,832 Notes payable - long-term, net of discount (related party)- 13,820,366 Notes payable - long-term, net of discount - 12,531,332 Other liabilities- 895,118 Total Liabilities$46,936,197 $43,082,500 Stockholders’ Deficit:  

1

Series A Convert