Company: KITTW
Filing Date: 2025-04-15
Form Type: 10-Q/A
Source: 0001849820-25-000099
Chunk: 6

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-15
Form: 10-Q/A
Chunk 6
---
 Fair value of conversion of convertible secured debentures to common stock |     | $ | 3,485,645 |     | $ |         - |
| Capitalized paid-in-kind (PIK) interest                                    |     | $ |   649,922 |     | $ |         - |
| Liabilities relieved through sale of asset held for sale                   |     | $ | 1,158,609 |     | $ |         - |
| Transfer from assets held for sale to property and equipment               |     | $ | 1,114,883 |     | $ |         - |
| Capitalized interest                                                       |     | $ |         - |     | $ |   536,077 |
| Capital expenditures included in accounts payable                          |     | $ |         - |     | $ |   841,171 |

<div align='center'>The accompanying notes are an integral part of these condensed consolidated financial statements.

6</div>

#### NAUTICUS ROBOTICS, INC.

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

### 1. Description of the Business
Nauticus Robotics, Inc. (the “Company”, “our”, "us" or “we”) develops autonomous robots for the ocean industries. Our principal corporate offices are located in Webster, Texas. Our robotic systems and services are designed to address both commercial and government-facing customers. Autonomy requires the extensive use of sensors, artificial intelligence, and effective algorithms for perception and decision allowing the robot to adapt to changing environments. Our business model includes using robotic systems for service, selling vehicles and components, and licensing of related software to both the commercial and government defense business sectors. We have designed and is currently testing and certifying a new generation of vehicles to reduce operational cost and gather data to maintain and operate a wide variety of subsea infrastructure. Besides a standalone service offering, our approach to ocean robotics has also resulted in the development of a range of technology products for retrofit/upgrading legacy systems and other third-party vehicle platforms. Our services provide customers with the necessary data collection, analytics, and subsea manipulation capabilities to support and maintain assets while reducing their operational footprint, operating cost, and greenhouse gas emissions, to improve offshore health, safety, and environmental exposure.

Liquidity – The Company continues to develop its principal products and conduct research and development activities. Currently, the Company does not generate sufficient revenue to cover operating expenses, working capital and