Company: KITTW
Filing Date: 2025-04-15
Form Type: 10-Q/A
Source: 0001849820-25-000099
Chunk: 35

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-15
Form: 10-Q/A
Chunk 35
---
aturities of lease liabilities as of June 30, 2024:

| 2024 (excluding the six months ended June 30, 2024) |     | $ |   268,323 |
| 2025                                                |     |   |   584,155 |
| 2026                                                |     |   |   509,975 |
| 2027                                                |     |   |   284,946 |
| 2028                                                |     |   |    35,231 |
| 2029 onward                                         |     |   |         - |
| Total lease payments                                |     |   | 1,682,630 |
| Total present value discount                        |     |   |  -226,007 |
| Operating lease liabilities                         |     | $ | 1,456,623 |

#### 10. Commitments and Contingencies
Litigation – From time to time, we may be subject to litigation and other claims in the normal course of business. No amounts have been accrued in the condensed consolidated financial statements with respect to any matters.

<div align='center'>22</div>

#### NAUTICUS ROBOTICS, INC.

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

#### 11. Income Taxes
Income tax provisions for interim periods are generally based on an estimated annual effective income tax rate calculated separately from the effect of significant, infrequent, or unusual items related specifically to interim periods. Noincome tax expense was recognized for the six months ended June 30, 2024, or 2023. The Company has a full valuation allowance against its deferred income tax assets as of June 30, 2024, and December 31, 2023, respectively.

#### 12. Equity
Reverse Stock Split

On July 22, 2024, the Company effected a 1-for-36 reverse stock split ("Reverse Stock Split") of the shares of the Company's common stock, par value $ 0.0001per share. No fractional shares were issued in connection with the Reverse Stock Split, but were instead rounded up to the nearest whole share. The Reverse Stock Split resulted in 150,107,598shares of common stock being converted in to 4,169,679shares of common stock. The Board of Directors of the Company approved the Certificate of Amendment to meet the share bid price requirements of the NASDAQ Capital