Company: KITTW
Filing Date: 2025-04-15
Form Type: 10-Q/A
Source: 0001849820-25-000097
Chunk: 21

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-15
Form: 10-Q/A
Chunk 21
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 in the first quarter of 2024 being offset against the accrual.

Unfulfilled Performance Obligations – As of March 31, 2024, we expect to recognize approximately $ 1,090,000 of revenue in future periods from unfulfilled performance obligations from existing contracts with customers.

The following table summarizes the expected revenue from our unfilled performance obligations as of March 31, 2024:

| Unfulfilled performance obligations:      |     | Expected Revenue from Unfulfilled Performance 
 Obligations by Period                         
 Total                                         |           |     | 2024 |           |
|:------------------------------------------|:----|:----------------------------------------------|----------:|:----|:-----|----------:|
| Performance obligations                   |     | $                                             | 1,090,000 |     | $    | 1,090,000 |
| Total unfulfilled performance obligations |     | $                                             | 1,090,000 |     | $    | 1,090,000 |

If any of our contracts were to be modified or terminated, the expected value of the unfulfilled performance obligations of such contracts would be reduced.

#### 5. Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consisted of the following:

|                            |     |   | March 31, 
      2024 |     |   | December 31, 
         2023 |
|:---------------------------|:----|:--|----------:|:----|:--|-------------:|
| Prepaid material purchases |     | $ |   157,953 |     | $ |      440,091 |
| Prepaid insurance          |     |   | 1,238,803 |     |   |    1,282,703 |
| Other prepayments          |     |   |   182,829 |     |   |      166,424 |
| Total prepaid expenses     |     | $ | 1,579,585 |     | $ |    1,889,218 |
| Term loan receivable       |     | $ |         - |     | $ |      695,000 |
| Other current assets       |     |   |   316,018 |     |   |      330,214 |
| Total other current assets |     | $ |   316,018 |     | $ |    1,025,214 |

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