Company: KITTW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001849820-25-000128
Chunk: 70

Company: Nauticus Robotics, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 70
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 amounts outstanding on the convertible senior term loans to related parties ATW I, ATW II, ATW III and MIF at March 31, 2025 were $1,643,933, $4,404,211, $1,133,811 and $4,266,701, respectively. The principal amount outstanding on the convertible senior term loans on December 31, 2024 to ATW I, ATW II, ATW III and MIF was $2,933,362, $5,666,638, $1,112,943 and $4,224,983, respectively. For the three months ended March 31, 2025, interest expense attributable to ATW I, ATW II, ATW III and MIF was $51,373, $137,632, $50,082 and $162,624, respectively. For the three months ended March 31, 2024, interest expense attributable to ATW I, ATW II, ATW III and MIF was $58,609, $140,514, $25,000 and $4,167, respectively.Flexible Consulting, LLC - On December 1, 2023, the Board appointed Victoria Hay as the Interim Chief Financial Officer and principal financial officer of the Company. Victoria Hay is the co-owner and President of Flexible Consulting, LLC, a financial and accounting consulting firm, with which the Company has engaged with since January 2023 to provide it with accounting and finance services relating to its quarterly reporting and mergers/acquisition activity. Flexible Consulting, LLC is considered to be a related party from December 1, 2023. The total value of services provided by Flexible Consulting, LLC to the Company for the three months ended March 31, 2025 and 2024 was $297,684 and $220,000, respectively, and accounts payable included $72,684 and $160,366 due to Flexible Consulting, LLC at March 31, 2025 and December 31, 2024, respectively.

18. Loss Per Share

The following table is the basic and diluted loss per share computation. For all periods presented, weighted average shares and loss per share reflect the effects of the Reverse Stock Split.Three months ended March 31,20252024Numerator:Net loss $(7,567,187)$(72,838,936)Net loss attributable to Common Stockholders(7,567,187)(72,838,936