Company: KITTW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001849820-25-000108
Chunk: 104

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 104
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 23,833,848 Notes payable - long-term, net of discount 12,531,332 7,763,801 Other liabilities895,118 - Total Liabilities$43,082,500 $67,935,325 Stockholders’ Deficit:  Series A Convertible Preferred Stock $0.0001 par value; 40,000 shares authorized, 35,434 shares issued and 35,034 outstanding.$4 $- Common Stock, $0.0001 par value; 625,000,000 shares authorized, 9,761,895 and 1,389,884 shares issued, respectively, and 9,761,895 and 1,389,884  shares outstanding, respectively (As adjusted, see Note 11).976139Additional paid-in capital233,342,188 77,004,714 Accumulated other comprehensive loss(42,229)- Accumulated deficit(253,698,352)(118,791,703)Total Stockholders’ Deficit(20,397,413)(41,786,850)Total Liabilities and Stockholders’ Deficit$22,685,087 $26,148,475 

See accompanying notes to the consolidated financial statements.

F-4

NAUTICUS ROBOTICS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

 For the year ended December 31, 20242023Revenue:Service$1,807,472 $6,605,852 Service - related party- 500 Total revenue1,807,472 6,606,352 Costs and expenses:  Cost of revenue (exclusive of items shown separately below)9,732,205 11,928,931 Depreciation1,736,828 729,412 Research and development82,850 1,399,560 General and administrative13,370,486 18,271,832 Severance- 1,476,636 Impairment of property and equipment- 25,354,791 Loss on contract- 2,542,913 Total costs and expenses$24,922,369 $61,704,075 Operating loss(23,114,897)(55,097,723)Other (income) expense:  Other expense, net110,361 627,580 Loss on lease termination18,721 453,