Company: KITTW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001849820-25-000211
Chunk: 26

Company: Nauticus Robotics, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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ITEM 1. FINANCIAL STATEMENTS

NAUTICUS ROBOTICS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

June 30,2025December 31,2024AssetsCurrent Assets:Cash and cash equivalents$2,663,404 $1,186,047 Restricted certificate of deposit53,023 52,151 Accounts receivable, net 2,283,131 238,531 Inventories913,341 880,594 Prepaid expenses1,446,376 1,389,434 Other current assets607,491 573,275 Assets held for sale- 750 Total Current Assets7,966,766 4,320,782 Property and equipment, net22,238,369 17,115,246 Operating lease right-of-use assets, net900,292 1,094,743 Other assets123,465 154,316 Goodwill10,652,389 - Total Assets$41,881,281 $22,685,087 Liabilities and Stockholders’ DeficitCurrent Liabilities:Accounts payable$5,715,381 $5,916,693 Accrued liabilities9,389,088 5,602,721 Contract liability343,493 346,279 Operating lease liabilities - current459,249 435,307 Notes payable - current2,403,163 - Total Current Liabilities18,310,374 12,301,000 Warrant liabilities139,782 181,913 Operating lease liabilities - long-term533,981 768,939 Notes payable - long-term, fair value option (related party)3,119,892 2,583,832 Notes payable - long-term, net of discount (related party)11,126,061 13,820,366 Notes payable - long-term, net of discount 13,431,413 12,531,332 Other liabilities895,118 895,118 Total Liabilities$47,556,621 $43,082,500 Stockholders’ Deficit:  Series A Convertible Preferred Stock $0.0001 par value; 40,000 shares authorized,  35,434 shares issued at June 30, 2025 and December 31, 2024 and 18,296 and 35,034  outstanding