Company: KITTW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001849820-25-000128
Chunk: 26

Company: Nauticus Robotics, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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,846 and 35,034  outstanding at March 31, 2025 and December 31, 2024, respectively.$2 $4 Common stock, $0.0001 par value; 625,000,000 shares authorized, 35,153,188 and 9,761,895 shares issued, respectively, and 35,153,188 and 9,761,895 shares outstanding, respectively 3,515 976 

1

Additional paid-in capital 262,825,753 233,342,188 Accumulated other comprehensive loss(42,229)(42,229)Accumulated deficit(261,265,539)(253,698,352)Total Stockholders’ Equity (Deficit)1,521,502 (20,397,413)Total Liabilities and Stockholders’ Deficit$48,481,073 $22,685,087 

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

2

NAUTICUS ROBOTICS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

Three months ended March 31,20252024Revenue:Service$165,256 $464,354 Total revenue165,256 464,354    Costs and expenses:  Cost of revenue (exclusive of items shown separately below)1,238,957 2,093,955 Depreciation480,376 426,185 Research and development- 63,534 General and administrative4,309,686 3,430,010 Total costs and expenses6,029,019 6,013,684  Operating loss(5,863,763)(5,549,330) Other (income) expense:Other income, net(87,397)(96,473)Gain on lease termination- (15,365)Foreign currency transaction loss3,267 5,147 Loss on extinguishment of debt- 78,734,949 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 - Interest expense, net1,114,516 1,475,397 Total other expense, net1,703,424 67,289,