Company: KITTW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001849820-25-000211
Chunk: 31

Company: Nauticus Robotics, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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 net cash used in operating activities:  Depreciation1,054,939 837,771 Accretion of debt discount19,920 392,611 Amortization of debt issuance cost350,303 312,440 Capitalized paid-in-kind (PIK) interest338,782 - Accretion of RCB Equities #1, LLC exit fee48,624 48,475 Stock-based compensation570,015 1,339,965 Change in fair value of warrant liabilities(42,131)(12,732,324)Change in fair value of New Convertible Debentures536,060 (11,914,729)Loss on extinguishment of debt- 78,734,949 Non-cash lease expense205,688 171,962 Gain on disposal of assets- (3,102)Write-off of property and equipment- 29,350 Gain on lease termination- (23,897)Changes in operating assets and liabilities:  Accounts receivable(1,906,246)35,969 Inventories42,553 (18,710)Contract assets- (482,576)Other assets1,335 1,232,368 Accounts payable and accrued liabilities20,083 (2,347,781)Contract liabilities(2,786)(2,310,041)Operating lease liabilities(222,228)(55,937)Net cash used in operating activities(14,006,452)(15,051,198)Cash flows from investing activities:  Capital expenditures(47,239)(351,942)Acquisition of business, net of cash acquired(3,871,992)- Proceeds from sale of assets held for sale- 419,720 Proceeds from sale of property and equipment(500)6,802 Net cash (used in) provided by investing activities(3,919,731)74,580 Cash flows from financing activities:  Proceeds from notes payable- 14,305,000 Payment of debt issuance costs on notes payable- (1,316,791)Proceeds from ATM offering20,141,905 9,857,857 Payment of ATM commissions and fees(703,784)(499,903)Repayment on notes payable(34,581)- Net cash provided by financing activities19,403,540 22,346,163 Net change in cash and cash