Company: KITTW
Filing Date: 2025-04-15
Form Type: 10-Q/A
Source: 0001849820-25-000106
Chunk: 25

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-15
Form: 10-Q/A
Chunk 25
---
 reported as AHFS at December 31, 2023 at an amount based on an offer for sale. The offer for sale contains both cash and non-cash considerations. The AHFS liability of $ 1,158,609included the non-cash consideration, which are purchase invoices submitted by the purchaser that will be foregone upon closing of the sale. Hydronaut vessels 2 and 3 were sold on January 22, 2024, and the AHFS current asset of December 31, 2023 was offset with the AHFS liability and cash received.

In December 2023, the Company started negotiations to exit a lease for office space. The negotiations completed in March 2024 with the Company agreeing a settlement figure with the lessor of $ 657,000to be paid over 8months commencing April 2024. See Note 9, "Leases" for further discussion. The accrual is recorded under accrued liabilities on the condensed consolidated balance sheet as of September 30, 2024.

In April 2023, the Company received correspondence from the State of Texas assessing a sale and use tax liability of $ 575,602. The sales and use tax audit is currently ongoing. The accrual is recorded under accrued liabilities on the condensed consolidated balance sheet as of September 30, 2024.

<div align='center'>18</div>

#### NAUTICUS ROBOTICS, INC.

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

#### 8. Notes Payable
Notes payable consisted of the following:

|                                               |     |              | September 30, 
          2024 |     |   | December 31, 
         2023 |
|:----------------------------------------------|:----|:-------------|--------------:|:----|:--|-------------:|
|                                               |     | -As Restated |               |     |   |              |
| Convertible secured debentures                |     | $            |             - |     | $ |   36,530,320 |
| New convertible debentures (fair value)       |     |              |    53,222,499 |     |   |            - |
| Accrued interest recognized on debenture      |     |              |               |     |   |              |
| Convertible senior secured term loan          |     |              |    27,