Company: KITTW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001849820-25-000278
Chunk: 41

Company: Nauticus Robotics, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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,738)(13,347,829)Change in fair value of November 2024 Debentures128,122 - Change in fair value of  New Convertible Debentures- (36,113,800)Loss on extinguishment of debt- 78,734,949 Non-cash lease expense294,324 314,859 Gain on disposal of assets- (1,695)Write-off of property and equipment- 32,636 Gain on lease termination- (23,897)Changes in operating assets and liabilities:  Accounts receivable(1,003,549)(185,298)Inventories41,146 (30,712)Other assets307,486 1,542,915 Accounts payable and accrued liabilities(342,258)(4,256,864)Contract liabilities(2,786)(2,070,095)Operating lease liabilities(322,265)(203,486)Other liabilities- 895,117 Net cash used in operating activities(18,943,935)(20,128,427)Cash flows from investing activities:  Capital expenditures(48,358)(466,712)Acquisition of business, net of cash acquired(3,871,992)- Proceeds from sale of assets held for sale- 420,220 Proceeds from sale of property and equipment(500)18,098 Net cash used in investing activities(3,920,850)(28,394)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 offering24,377,196 9,857,857 Payment of ATM commissions and fees- (499,903)Issuance of Series B Preferred Stock2,855,000 - Repayment on notes payable(61,108)- Net cash provided by financing activities27,171,088 22,346,163 Effects of changes in exchange rates on cash and cash equivalents- (26,983)Net change in cash and cash equivalents4,306,303 2,162,359 Cash and cash equivalents, beginning of period1,186,047 753,398 Cash and cash equivalents, end of period$5,492,350 $2,915,757 

7

Supplemental disclosure of cash flow information: