Company: KITTW
Filing Date: 2025-04-30
Form Type: ARS
Source: 0001849820-25-000123
Chunk: 97

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-30
Form: ARS
Chunk 97
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,813 - - 9,357,954 Net loss - - - - - - (134,906,649) (134,906,649) Balance at December 31, 2024 35,034 $ 4 9,761,895 $ 976 $ 233,342,188 $ (42,229) $ (253,698,352) $ (20,397,413) See accompanying notes to the consolidated financial statements. Table of Contents F-7

NAUTICUS ROBOTICS, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS For the year ended December 31, 2024 2023 Cash flows used in operating activities: Net loss $ (134,906,649) $ (50,686,601) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation 1,736,828 729,412 Accretion of debt discount 411,705 4,033,330 Loss on extinguishment of debt 127,605,940 - Amortization of debt issuance cost 664,690 52,092 Capitalized paid-in-kind (PIK) interest 900,383 - Accretion of RCB Equities #1, LLC exit fee 97,694 27,608 Stock-based compensation 2,303,054 4,427,073 Loss on exchange of warrants - 590,266 Change in fair value of warrant liabilities (13,559,010) (14,902,427) Change in fair value of New Convertible Debentures (7,989,948) - Change in fair value of November 2024 Debentures 435,864 - Non-cash lease expense 504,097 346,714 Interest expense assumed into Convertible Senior Secured Term Loan - 378,118 Impairment of property and equipment - 25,354,791 Settlement of liquidated damages with Common Stock - 3,685,629 Loss on disposal of assets 19,202 82,604 Loss on lease termination 18,721 453,162 Gain on short-term investments - (40,737) Other notes payable adjustments 115,394 - Changes in operating assets and liabilities: Accounts receivable (26,103) 1,410,006 Inventories (58,683) (11,581,138) Contract assets - 573,895 Prepaid expenses and other assets 1,145,670 2,