Company: KITTW
Filing Date: 2025-04-15
Form Type: 10-Q/A
Source: 0001849820-25-000099
Chunk: 20

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-15
Form: 10-Q/A
Chunk 20
---
2024 being offset against the accrual.

Unfulfilled Performance Obligations – As of June 30, 2024, we expect to recognize approximately $ 1,667,000of revenue in future periods from unfulfilled performance obligations from existing contracts with customers.

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.

<div align='center'>14</div>

#### NAUTICUS ROBOTICS, INC.

### NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
<div align='center'>(UNAUDITED)</div>

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

|                            |     |   |  June 30, 
      2024 |     |   | December 31, 
         2023 |
|:---------------------------|:----|:--|----------:|:----|:--|-------------:|
| Prepaid material purchases |     | $ |   226,334 |     | $ |      440,091 |
| Prepaid insurance          |     |   |   817,409 |     |   |    1,282,703 |
| Other prepayments          |     |   |   239,345 |     |   |      166,424 |
| Total prepaid expenses     |     | $ | 1,283,088 |     | $ |    1,889,218 |
| Term loan receivable       |     | $ |         - |     | $ |      695,000 |
| Other current assets       |     |   |   490,419 |     |   |      330,214 |
| Total other current assets |     | $ |   490,419 |     | $ |    1,025,214 |

#### 6. Property and Equipment
Property and equipment consisted of the following:

|                                   |     |          | Useful       
 Life (years) |   |   June 30, 
       2024 |     |   | December 31, 
         2023 |
|:----------------------------------|:----|---------:|:-------------|:--|-----------:|:----|:--|-------------:|
| Leasehold improvements            |     |        5 |              | $ |    796,136 |     | $ |