Company: KITTW
Filing Date: 2025-04-15
Form Type: 10-Q/A
Source: 0001849820-25-000097
Chunk: 34

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-15
Form: 10-Q/A
Chunk 34
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UTICUS ROBOTICS, INC.

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

The following table presents the balance and classifications of the Company’s right-of-use assets and lease liabilities included in the unaudited condensed balance sheets:

|                                                |     |   | March 31, 
      2024 |     |   | December 31, 
         2023 |
|:-----------------------------------------------|:----|:--|----------:|:----|:--|-------------:|
| Operating lease right-of-use assets. net       |     | $ | 1,568,705 |     | $ |      834,972 |
| Current portion of operating lease liabilities |     |   |   356,421 |     |   |      244,774 |
| Long-term operating lease liabilities          |     |   | 1,229,219 |     |   |      574,260 |
| Total operating lease liabilities              |     | $ | 1,585,640 |     | $ |      819,034 |

For operating lease assets and liabilities, the weighted average remaining lease term was 3.9years and 8.7years as of March 31, 2024, and December 31, 2023, respectively. The weighted average discount rate used in the valuation over the remaining lease terms was 12.6% as of March 31, 2024, and 14.3% as of December 31, 2023.

The following table presents the Company’s maturities of lease liabilities as of March 31, 2024:

| 2024 (excluding the three months ended March 31, 2024) |     | $ |   366,040 |
| 2025                                                   |     |   |   573,152 |
| 2026                                                   |     |   |   583,306 |
| 2027                                                   |     |   |   316,110 |
| 2028                                                   |     |   |    53,409 |
| 2029 onward                                            |     |   |         - |
| Total lease payments                                   |     |   | 1,892,017 |
| Total present value discount                           |     |   |  -306,377 |
| Operating lease liabilities                            |     | $ | 1,585,640 |

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